November is Financial Literacy Month
Help your clients understand the financial side of buying their home by referring them to websites designed especially for buyers:
- CREA collaborated with the Financial Consumer Agency of Canada (FCAC) to develop a series of short videos that define key terms and concepts such as amortization period and mortgage prepayment. The videos will be posted on CREA’s YouTube Channel (youtube.com/user/CREACHANNEL) every Tuesday and Thursday throughout November.
- RECO is reminding consumers that buying or selling a home is a major financial decision and it is important for them to be informed about the process. RECO has launched an interactive website (recofactfiction.ca) to help Ontario home buyers and sellers learn real estate fact from fiction. The goal of the campaign is to educate Ontarians about RECO and the value in working with a registered real estate professional.
Check out the websites and refer your buyers and sellers to the sites – help them become financially literate when it comes to buying a home.