Canadian Mortgage News

June 2010 National News Archive

Financial Literacy Project for Canadian Homebuyers Launched - June 2010

CAAMP Foundation and Credit Canada join forces to promote mortgage industry knowledge

TORONTO, Ontario, June 22, 2010 — A new gateway to financial literacy for Canadians has been opened thanks to a joint agreement between the CAAMP Foundation, the charitable arm of Canada’s national mortgage industry association and Credit Canada, a prominent player in credit education.  Financial literacy is an emerging issue in Canada and this joint agreement will empower the public to make wise financial choices by placing tools and resources at their disposal.
As leaders in mortgage education in Canada, both the CAAMP Foundation and Credit Canada are committed to helping consumers learn critical financial management skills. As household debt rises in Canada, it’s clear that achieving financial stability is the first and most critical step towards homeownership.
“Our members firmly believe that financial literacy underpins a healthy economy, and certainly a stable mortgage market. We are pleased that our knowledge and expertise in mortgage finance can be utilized in this initiative“ said Paul Grewal, AMP, CAAMP Foundation Chair.

“Financial literacy is key to personal financial success.  We are pleased to  be partnering with CAAMP on this initiative and appreciate their dedication to healthy money management and fiscal responsibility.  There is no doubt that having the foundation of financial literacy will result in more successful homeownership.”  said Laurie Campbell, Executive Director, Credit Canada.

For more information or to request an interview, please contact:

Paul Grewal, CAAMP Foundation    Laurie Campbell, Credit Canada
416-457-9495                                416- 228-3328 / 1-800-267-2272
foundation@caamp.org                  laurie@creditcanada.com

About Credit Canada
Credit Canada is a leading charitable non-for-profit organization that provides money management, credit management counselling and education services to Canadians. Credit Canada raises awareness of the importance of money management and credit management in the lives of Canadians.  The organization provides professional, unbiased, confidential, comprehensive and consumer-oriented counselling services in personal debt management and reduction; alternatives to personal bankruptcy and credit re-establishment.  www.creditcanada.com

News source: Canadian Association of Accredited Mortgage Professionals