Many people will eventually leave the home they grew up in and find a home of their own. However, everyone is different. Some people leave home when they are very young, others wait till they are in their thirties, and some people live with their family all their lives.
Buying a home is often viewed as the single most significant financial event in the life of a Canadian family.
Because a mortgage is by far the largest personal debt of the average Canadian family, and the single largest household expense, understanding all the "pros" and "cons" of home ownership is critical when making such a large financial decision.
Care giving for an aging parent, spouse, domestic partner or close friend presents tough challenges...especially when a crisis hits and responsibility descends upon you suddenly.
Maybe your mother has fallen...perhaps due to instability caused by prescription drug side effects...and is hospitalized with a broken hip. Or your spouse has wandered off and become lost several times. Or a long-time friend and mentor has lost a lot of weight and rarely seems to leave home.
