Dear Editor,
Summer is a peak season for moving in Canada.
Many Canadian families will take possession of their new homes during this time, and if you’re one of them, it’s a good idea to plan ahead.
A successful move depends on good financial planning, which includes accounting for the additional costs involved with a move.
The Financial Consumer Agency of Canada (FCAC) encourages people to plan ahead for moving day in order to avoid unwanted surprises and minimize expensive purchases.
For example, will you use professional movers or do you plan to have the help of family and friends? Once in your new home, will you need to buy a new car or can you use public transportation?
If you are moving to a larger space, you might need to buy a sofa or kitchen furniture. In order to plan for your needs, FCAC recommends that you make a moving budget.
That way, you’ll have a better idea of your expenses, be better able to avoid disagreements and make your move a successful one.
If you’re a student and are moving for the first time, the list of costs to consider may seem daunting.
The FCAC Life Event Moving Out on Your Own can help you understand what to expect and the costs associated with this new stage in your life.
You can find this information on FCAC’s website at itpaystoknow.gc.ca.
Lucie Tedesco,
Acting Commissioner, FCAC
Ottawa, Ont.
