Mortgage Blog

Planning for the Unexpected

September 8, 2022 | Posted by: Sharon Patton

Planning For the Unexpected 

Did you know that the cost to raise a child in Canada from birth to 18 years old is about $270,000? 
This works out to roughly $10,000 - $15,000 per year. 

Let's look at the common and unexpected expenses of raising children.

Common Expenses: 

  • Food

  • Clothing 

  • Transportation 

  • Personnel Care 

  • Housing 

  • School Expenses 


Unexpected Expenses: 

  • Braces

  • Medical Expenses

  • Daycare

  • Activities

  • Rep Sports 

  • Post Secondary Education 


Wouldn't it be great to have access to a pot of gold for the unexpected expenses that come up throughout the year? 

We have a solution for you! Let's access the equity in your home and give you access to funds when you need them, through a line of credit. 

What are the Benefits of a Line of Credit?

  • Lower interest rate 

  • Interest-only payments

  • Access to funds when needed 

  • Peace of mind 

We can help you plan for the unexpected. Let's chat today and have a plan in place for when those unexpected expenses arise. 

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I look forward to connecting with you soon.

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