Bank of Mom & Dad: Can we continue to move forward like this?

<p style="margin:0px;font-size:12px;line-height:normal;font-family:'Helvetica Neue';">This week’s episode explored a few topics. The first being a report that millennials are looking to their parents for loans more than past generations. The next being the Cannect exit strategy: what is it, and how does it work? Take a listen to explore these topics with us.</p> <p style="margin:0px;font-size:12px;line-height:normal;font-family:'Helvetica Neue';"> </p> <p style="margin:0px;font-size:12px;line-height:normal;font-family:'Helvetica Neue';min-height:14px;"> </p> <p style="margin:0px;font-size:12px;line-height:normal;font-family:'Helvetica Neue';">One thing that is quite clear in this industry is that Canadians pay WAY to much for home equity loans when their banks decline them. We are at a point where pricing is determined exclusively by supply and demand instead of by the amount of home equity, the way it should be. Cannect is determined to bring the Canadian mortgage marketplace closer and closer to that point. Our commitment is to improve the financial well-being of our borrowers and we would love to do that on as large of a scale as possible.</p> <p style="margin:0px;font-size:12px;line-height:normal;font-family:'Helvetica Neue';min-height:14px;"> </p> <p style="margin:0px;font-size:17px;line-height:normal;color:#000000;"> 0:00 - Intro 0:35 - Article shows millennials are relying more on loans from their parents to enter the real estate market than previous generations.</p> <p style="margin:0px;font-size:17px;line-height:normal;min-height:20.3px;color:#000000;">2:11 - Marcus explains how low interest rates leading to higher asset prices is a factor for this.</p> <p style="margin:0px;font-size:17px;line-height:normal;color:#000000;">4:37 - Cannect can help structure a credit facility within the family.</p> <p style="margin:0px;font-size:17px;line-height:normal;color:#000000;">8:14 - Justin and Marcus answer an email question about drawing equity out of one’s property to invest it.</p> <p style="margin:0px