Living the dream of home ownership, but the costs are overwhelming?

Does This Example Sound Like You?

Tony and Tracy Jones met when they were at school. Upon completion of schooling, they married and both were working full-time. As part of their plans they purchased a home and started a family. The costs of home ownership soon began to demand more money each month then budgeted. Renovations, utilities, mortgage payments, property taxes, etc. all became large expenses. Tracy’s income was reduced during her maternity leave, leaving the family even shorter each month. Their goals were to take care of the family and keep their house. The financial pressure began to affect Tony and Tracy and now they did not know what to do.

What Can You Do?

The financial requirements of home ownership tend to be larger than most expect. When coupling the cost of home ownership with a wedding, a family, an education, a vehicle, and other costs, it can be too large to handle. If you are having trouble making ends meet the likely starting place is to seek financial counselling to review your situation in greater detail. A consumer proposal or a bankruptcy may be required to give you a fresh start financially. To investigate your options, click here for more information.