Wealthy parents are increasingly influencing the Vancouver real estate market by financially supporting their children's home purchases. Realtors in Metro Vancouver report a robust summer market driven by young buyers receiving assistance from their parents, particularly first-time buyers and those upgrading from condos to larger homes. This trend has led to faster sales of family-sized properties and reduced competition from investors. Parents often gift down payments, allowing their children to qualify for mortgages they otherwise couldn't afford. Experts note this intergenerational wealth transfer has become a significant factor in the market, with average down payment gifts in B.C. rising sharply since 2019. While some parents prefer to remain anonymous, others co-sign mortgages or require co-habitation agreements to protect their gifts. The practice has created a generational divide, with some younger buyers feeling resentment toward those who benefit from parental financial support. Mortgage brokers observe a decline in large gifts due to reduced home equity, suggesting the trend may eventually wane as financial resources become constrained.

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