It pays to know. Think beyond the purchase price this Financial Literacy Month

Calgary, Alberta – It’s the biggest purchase most consumers will ever make – a home. And, you need to make sure you’re financially ready. The Real Estate Council of Alberta (RECA) can help.

November is Financial Literacy Month, and RECA is committed to helping Albertans think beyond the purchase price to make sure they’re prepared for and understand the financial realities of home ownership. 

“When browsing for homes online, people often see the listing price and think that’s the only cost,” says Brian Klingspon, Chair of the Real Estate Council of Alberta. “But there are many more costs than that, and Albertans need to be aware and prepared for them before seriously shopping for a new home.”

As the authority for a positive real estate experience, RECA has information and resources to help Albertans learn the financial ins-and-outs of their home purchase, from figuring out if they’re ready to buy, to obtaining a mortgage, planning for closing costs, and the ongoing financial responsibilities of home ownership.

“A home purchase is one of the biggest purchases a consumer will ever make, and spending hundreds of thousands of dollars isn’t something to take lightly,” adds Klingspon. “It’s important for consumers to have access to independent, reliable information to make a sound financial decision.”

Go to www.reca.ca/FinancialLiteracy to access RECA’s collection of financial literacy resources. RECA will add more throughout Financial Literacy Month; stay tuned and follow along on Twitter with #FLM2017.

The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing real estate, mortgage broker, property management, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA’s mandate is to protect consumers and to provide services that enhance and improve the industry and the business of industry professionals.

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