Monday 26 November 2012

Financial Literacy of The Home Buying


Ottawa, ON, November 26, 2012 Shoppers have a new tool to help navigate the complexities and money consequences of getting a home crea.ca

In a recent Nanos Research survey1 for CREA, more than 63% of Canadians indicated a "major need" for the details about the finance details of purchasing a home programs. 

"As REALTORS, we appreciate that young Canadians and newbie home buyers are craving more information about the money details required to get a home. 

"Helping Canadians plan for the future, make sound decisions and make sure the monetary security of their family and friends are essential in this increasingly complex world," declared Shelly Glover, Parliamentary Secretary to the Minister of Finance. 

"Buying a home involves a number of steps and many consumers need some help in understanding the various options available. To make the choice that suits their own circumstances and goals, consumers require some money understanding which is what financial literacy actually is," added Ursula Menke, Commissioner of the Financial Consumer Agency of Canada ( FCAC ). "This guide will help folk make the correct call, and adds to the information on mortgages, loans and banking available on our website, itpaystoknow.gc.ca." 

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