INTEGRATION
Paula feels calm. She wants to continue to build credit and own a home.
Situation:
Has a good credit score through on-time repayment of credit cards and auto loans.
Qualifies for more credit products including lines of credit and mortgages
Purchases a home with a mortgage.
Barriers:
Challenges in navigating complex financial products related to investments and retirement planning.
Opportunities for financial institutions:
Create banking products tailored to newcomers.
Provide financial literacy training to newcomers unfamiliar with Canadian financial markets.