Financial Literacy Month – Personal finance and housing are a concern for Quebecers

MONTREAL, October 30, 2024 /CNW/ – As part of Financial Literacy Month, the Autorité des marchés financiers (AMF) is encouraging Quebecers to take some time to review their financial situation, paying particular attention to the affordability of home ownership and the responsibilities that come with it. relate to different types of housing. .

Autorité des marchés financiers | AMF (CNW Group/Autorité des Marchés financiers)Autorité des marchés financiers | AMF (CNW Group/Autorité des Marchés financiers)

Autorité des marchés financiers | AMF (CNW Group/Autorité des Marchés financiers)

Movements in recent months in inflation and interest rates, combined with mortgage renewals and severe weather linked to climate change, have increased the pressure on household finances in Quebec. AMF is therefore striving to give Quebeckers tools to guide and assist them in making decisions about their homes, whether they rent or own them.

“The AMF wants Quebecers to be aware of how important it is to take care of their personal finances, ask themselves questions and use tools to make informed financial decisions based on neutral and objective information,” said Kim Lachapelle , Superintendent, Customer Services and Financial Education.

Tools and information for everyone

The AMF website contains a wealth of practical tools and plain language information to help both tenants and landlords. Topics include:

A number of budget tables and calculators are also available.

The role of AMF

Anyone buying a home will need the services of one or more parties seeking AMF authorization to practice. These include the following:

Before dealing with any of the above, check Register of firms and individuals authorized to practice to see if the firm or individual you plan to do business with is authorized to provide financial advice or sell the financial product being offered to you.

About the funders Autorité des marchés

In its role as regulator, the Autorité des marchés financiers acts to maintain the vitality, integrity and credibility of the financial sector. It regulates, in whole or in part, activities in the following sectors: insurance, securities and derivatives, distribution of financial products and services, depository institutions, mortgage brokerage and credit evaluation.

FURTHER INFORMATION

SOURCE Autorité des Marchés financiers

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