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Serene

all messages by user

12/12/2017
Topic:
Looking for Housing - Reasonable price

Serene
Serene
12 Dec. 2017

Hi!

We are sponsored by our son in coming to Canada. We landed last 2013. We have no income. We are currently staying with my son and family. However, my children back in our country wish to purchase a condo for us. It will not entail any bank loan. My questions are
:...can we have the property under our name?
.... if it will be under our name, it will be an asset. Question.... will it affect our future Old Age Pension and Guaranteed Income Supplement ( I understand that we have to be here in Canada for at least 10 years to avail of Old Age and GIS).

Will greatly appreciate your reply and any suggestions.

Best regards
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