Lisa Day - YEGPro Realty

The rising cost of education in Canada is a concern for many parents (myself included). Today, a typical 4-year undergraduate degree is estimated at $96,000, and this amount is expected to increase to over $136,000 for kids born this year. As Canadian parents, saving this much before your children graduate high school can be daunting.

While the Registered Education Savings Plan (RESP) is a popular choice, it may not be sufficient to cover the entire cost. The lifetime maximum contribution for each child is $50,000, even with an assumed 8% investment return and maxing out government matching grants at $7,200 per child. This leaves a shortfall of over $50,000 for the anticipated college expenses.

In light of this, many parents are exploring alternative means to generate funds, and real estate investment has emerged as an attractive option. By investing in a small rental property now, you have the potential to generate more than twice the returns compared to an RESP over the next 15 years. Additionally, the equity in your property can provide accessible cash to support your child's aspirations without the restrictions of an RESP.

Real estate investment offers a pathway to grow your wealth, benefiting both your children's future and your own financial goals. If you've been contemplating leveraging today's lower property prices to secure your financial future, I invite you to learn more about my RESP vs. Real Estate strategy mini-course. It's an opportunity to gain valuable insights without any sales pressure. Understanding the accessible options available to you is key, and I'm here to guide you through this educational journey.

For Canadian homeowners and parents, making informed financial decisions is essential, and I am dedicated to helping you explore viable investment avenues. If you're interested in learning more about this strategy, please reach out. Let's discuss how real estate investment can play a meaningful role in securing a bright future for your family.

Diana Lee
Broker/Owner
The Mortgage Minds Inc.

What NOT to do after applying for a Home Loan.... ✅

❌ Change Jobs ❌

❌ Change Bank Accounts ❌

❌ Take out a new loan ❌

❌ Open new credit accounts ❌

❌ Co-Sign for someone ❌

If you have mortgage questions each out today 👇🏻

📞 780.394.6337
📩 [email protected]
🌐 www.emeraldmortgages.ca
🗓 www.chatwithsarah.ca