New Journey Housing 2 nd Floor Broadway Above Starbucks! Hours of Operation 9:30-5:00 Monday to Friday

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2 New Journey Housing 2 nd Floor Broadway Above Starbucks! Hours of Operation 9:30-5:00 Monday to Friday newjourneyhousing.com (fax) info@newjourneyhousing.com

3 About Us New Journey Housing is a housing resource centre for newcomers to Canada. We provide help, assistance, trainings and resources to guide newcomers to rent or purchase housing and manage their money. Our clients are newcomers to Canada including permanent residents, international students, TFWs and refugee claimants We also support sponsors, landlords, and anyone else involved in housing newcomers.

4 We offer the following workshops: Rental Home Purchasing Managing your money

5 RENTAL WORKSHOP Rights and Responsibilities of Tenants and Landlords Private, Subsidized and Cooperatives apartments Leases, Rent Payments and Condition Reports Taking care of the apartment security deposit Utility Conservation Fire safety, Pests, Rent Assist, Guarantors, Etc.. People that attend this workshop will receive a Rental Training Certificate. This Certificate states the topics covered in the workshop. Our hope is that landlords will be encouraged to rent to those that have the certificate.

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7 SECURITY/DAMAGE DEPOSITS YES THEY ARE LEGAL! Landlord will ask for half of one months rent Example: Rent $600 Deposit $300 You get the money back when you move out IF your place is damaged the landlord keeps the deposit and will charge you even more for things you have damaged. Be careful when you rent.

8 The landlord may request that you find a Guarantor/ cosigner. Guarantors Someone who signs with you saying that if you can't pay the rent and damages that they will. Be careful! make sure that they understand it is legal and binding!

9 What are Bedbugs? They are called "bed bugs" because that is where they like to live. They like to live where ever people sleep on a regular basis. Bed bugs are mainly active at night and can feed without you noticing. They live exclusively by feeding on blood. (people blood!)

10 Condition report When you move in look with your landlord at the condition of your unit. Record any problems that you see. At the end of your tenancy you will look again. If damages have occurred you will be held responsible for them. If you don't do a condition report at the beginning, you may be held responsible for damages you did not do.

11 Subsidized Housing Low income people can apply for subsidized housing (MB Housing, Winnipeg Housing, Coops, etc.) You will pay 27% of your income for rent each month You will wait probably a long time - for subsidized housing Be sure to understand any letter you get if it requires a reply and you do not reply you will be removed from the list. If you change address or contact information call to update. Really Important!

12 Utility Conservation Manitoba Hydro (electricity, gas, heat) Winnipeg Water & Waste (water, sewer) Utility bills are based on usage!

13 Rental Advice Make an appointment to talk to a Housing Advisor. If possible after attending the workshop The Housing Advisor will try to work through your questions and provide the assistance you need. This may include advocacy and filling out housing applications.

14 Home Purchasing Workshop

15 HOME PURCHASING WORKSHOP Learn about: Mortgage - A long term loan to buy a home. Advantages and Disadvantages of Buying a House Different types of insurances Real estate agents Closing Cost (Lawyers) Bank requirements Amortization and Terms Down payments How to save money on mortgages Costs you need to know about before you buy your home

16 SAMPLE MORTGAGE Purchase price: 153, Down payment (5%) - 7, Principle 145, Interest rate: 5% for 25 years CMHC Insurance (3.60%) + 5, Net Mortgage $150, Monthly payment: $877.52

17 Payment Schedule for $150, Period Principle Payment Interest Payment Total Payment Ending Balance Month 1 $ $ $ $150, Month 2 $ $ $ $150, Month 3 $ $ $ $150, Month 4 $ $ $ $149, Month 5 $ $ $ $149, Month 6 $ $ $ $149, Month 7 $ $ $ $149, Month 8 $ $ $ $148, Month 9 $ $ $ $148, Month 10 $ $ $ $148, Month 11 $ $ $ $148, Month 12 $ $ $ $147, Year 1 Totals $3, $7, $10, $147,

18 Year 25 Month 289 $ $42.28 $ $9, Month 290 $ $38.84 $ $8, Month 291 $ $35.38 $ $7, Month 292 $ $31.91 $ $6, Month 293 $ $28.42 $ $6, TOTAL Month 294 $ Principle Interest $24.92 $ $5, Month 295 $ $21.40 $ $4, Mortgage Totals Month 296 $ $17.87 $ $3, $263, $150, $112, $263, is what you really pay! Month 297 $ $14.33 $ $2, Month 298 $ $10.77 $ $1, Month 299 $ $7.19 $ $ Month 300 $ $3.60 $ $0.00 Year 25 Totals $10, $ $10, $0.00 Mortgage Totals $150, $112, $263, $

19 Home Purchasing Advice Anyone who takes the workshop can ask for more assistance. We have volunteers: Who will help with searching for a home Who can look at the house before you put in an offer Who can come to your new home to give you advice on taking care of it

20 Not Enough Money? Because money does not fall from the sky, we must think about how we spend the money we have. MANAGING Sometimes YOUR MONEY I have WORKSHOP: will help trouble your family paying make my a rent plan to live with the money that you have, and think about how to save for on time! other things like a down payment on a house.

21 KNOWING THE DIFFERENCE BETWEEN NEEDS AND WANTS Needs are the things you spend money on that are essential to everyday life Fixed expenses such as: Housing and utilities Food and household supplies Medical and health needs, Winter coat, hat, gloves and boots!

22 KNOWING THE DIFFERENCE BETWEEN NEEDS AND WANTS Wants are the things we desire, but are not essential. They are nice to have in life Wants are things like: Movies and eating out All nice new furniture A vacation Expensive gifts Donations sending money back home Expensive Cell phone, TV, car

23 Pay Day Loans CREDIT S P E N D I N G M O N E Y Y O U H A V E N O T Y E T E A R N E D

24 The Cost of Credit Example : Smart $99.88 Monthly payment Choice Furniture. X 24 Number of months you will pay Sofa Sectional If you bought it = $ Total amount to be paid today for cash - $ Purchase price (with cash) you would pay $ With = $ Cost of Credit credit you will pay $99.88 every month for 24 months. What is your total cost of credit?

25 HOW CAN NJH HELP YOU AS TEACHERS? Adjust our workshop lengths to fit your classroom needs (30 min NJH presentation - 2 hour workshop) Come to your classes and conduct the workshop for your students Answer questions that may arise from students Work with you to create workshops on specific topics of relevance for your students (bedbugs) Workshops outside of Winnipeg (Altona, Neepawa, Portage) Resource materials Plain language Rental and Home Buying and Managing your Money guides

26 NEW JOURNEY HOUSING WEBSITE Settlement workshops portal Quick links for housing assistance and programs