Children getting home loans from the bank of Mom and Dad

https://www.mortgagebrokernews.ca/market-update/millennials-need-a-major-home-price-drop-or-sharp-wage-increase-266408.aspx

It is definitely difficult trying to break into the housing market today but these numbers are eye opening! We are seeing more and more Bank of Mom and Dad loans for down payments. As well, parents/grandparents are utilizing the Reverse Mortgage products for early inheritances to help as well. Rents being as high as mortgage payments makes it more difficult to enter the housing market.save as well.