To help meet the need for plain-language financial literacy tools, the Manitoba Real Estate Association (MREA) teamed up with Literacy Partners of Manitoba and the Manitoba Immigrant and Refugee Settlement Sector Association to develop a free illustrated guide to the home-buying process.
Buying a Home in Manitoba complements existing resources such as the Home Buyers’ Road Map, developed by CREA in collaboration with the Financial Consumer Agency of Canada.
“This is a great resource for buyers, especially first-time buyers. It’s something newcomers, young people and almost anyone will be able to understand, and that’s the goal,” says MREA 2015 president Roberta Weiss. “This resource will make the process of becoming a homeowner easier for people from all walks of life,”
The booklet covers budgeting before you buy, applying for a mortgage, working with Realtors and writing an offer to purchase. It also includes a “words to know” glossary section. It will soon be available in banks, schools, community centres, libraries and through Manitoba Realtors. MREA will also provide the booklet on its website and free copies will be available for pick-up on request.
