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Canadian parents helping finance kids' homes

Prices up 84% in 10 years, pressing limits of affordability for most buyers

Red hot: Home prices in Canada hit record highs in late 2013, according to the Teranet-National Bank house price index. - PHOTO: REUTERS

[TORONTO] Laura Parsons helped her son buy his first home four years ago, and she's ready to help her daughter do the same, making her part of what many say is a growing trend across Canada, where home prices have soared 84 per cent in 10 years. "I am going to give her the downpayment," said Ms