Help young clients buy homes

By Staff | November 27, 2012 | Last updated on November 27, 2012
1 min read

More than 63% of Canadians need more information about the financial details of buying a home, says a Nanos Research survey for CREA.

For those between the ages of 18 and 29, that figure rose to 70%.

“Helping Canadians plan for the future and make sound decisions is essential in this increasingly complex world,” says Shelly Glover, parliamentary secretary to the Minister of Finance.

This is especially true since mortgage rules have been tightening and evolving, and since Canadians nationwide need to keep their debt levels in check.

Read National debt to hit $600 billion

“Buying a home involves a number of steps, and many buyers need some help in understanding the various options available,” adds Ursula Menke, commissioner of the Financial Consumer Agency of Canada.

Read: Faceoff: Mind your mortgage

Also read:

Home buying takes plenty of homework

Rookie mistakes of homebuyers

Help clients save for major purchases

Talk to clients about mortgage risks

New homeowners hit hardest by mortgage changes

Litigating a faulty RRSP mortgage

Mortgage amortization worries homeowners

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.