January 9, 2013 Leave a comment
CREA is collaborating with the Financial Consumer Agency of Canada (FCAC) to help consumers navigate the complexities and financial implications of purchasing a home. The Homebuyers’ Road Map was recently launched on CREA’s website at crea.ca.
In a recent Nanos Research survey for CREA, more than 63 per cent of Canadians indicated a “major need” for more information about the financial details of buying a home. That figure rose to 70 per cent for respondents between the ages of 18 and 29.
“As Realtors, we appreciate that young Canadians and first-time homebuyers are craving more information about the financial details required to purchase a home. The purpose of the Homebuyers’ Road Map is to empower consumers with the knowledge, skills and confidence to make responsible financial decisions about one of the largest purchases they will ever make,” says Gary Simonsen, CREA’s CEO.
Launched to coincide with Financial Literacy Month, the map is a guide that will help Canadians better understand the home buying process as well as appreciate the importance of negotiating with lenders and researching government programs, says CREA.