MONTREAL, October 30, 2024 /CNW/ – As part of Financial Literacy Month, the Autorité des marchés financiers (AMF) is encouraging Quebecers to take time to reassess their financial situation, focusing in particular on the affordability of home ownership and the responsibilities associated with different types of housing. .
Inflation and interest rate movements in recent months, combined with mortgage renewals and adverse weather linked to climate change, have increased pressure on household finances in Quebec. The AMF therefore strives to provide Quebecers with tools to help them make decisions about their homes, whether they rent or own.
“AMF wants Quebeckers to realize the importance of taking care of their personal finances, asking questions and using tools to make informed financial decisions based on neutral, objective information,” said Kim Lachapelle, superintendent, Client Services and Financial Education.
Tools and information for each
The AMF website contains a wealth of practical tools and plain language information to help both renters and home owners. Topics include:
A series of budget tables and calculators are also available.
The role of the AMF
Anyone buying a home will need the services of one or more parties that require an AMF permit to operate. These include the following:
Before you tackle any of the above, check Register of companies and persons authorized to exercise their profession find out if the business 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 Autorité des marchés financiers
In its role as a regulator, the Autorité des marchés financiers strives to preserve 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 rating.
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SOURCE Autorité des Marchés financiers
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