New Journey Housing

2nd Floor - 305

Broadway

Above Starbucks!

Hours of Operation

9:30- 5:00 Monday to

Friday

newjourneyhousing.com

204-942-2238

204-942-2239(fax)

info@newjourneyhousing.com

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.

We offer the following

workshops:

• Rental

• Home Purchasing

• Managing your money

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.

SECURITY/DAMAGE DEPOSITS

YES THEY ARE LEGAL!

Landlord will ask for half of one months rent

Example: Rent $600 Deposit $300

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.

You get the

money back

when you move

out

IF

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!

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!)

What are Bedbugs?

• 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.

Condition report

Subsidized Housing

•Low income people can apply for subsidized

housing (MB Housing, Winnipeg Housing, Co-

ops, 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!

• Manitoba Hydro (electricity, gas, heat)

• Winnipeg Water & Waste (water, sewer)

Utility bills are based on

usage!

Utility Conservation

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.

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

HOME PURCHASING

WORKSHOP

SAMPLE MORTGAGE

Purchase price: 153,300.00 Down payment (5%) - 7,665.00

Net Mortgage $150,878.81

Monthly payment: $877.52

Interest rate: 5% for 25 years

Principle 145,635.00

CMHC Insurance (3.60%) + 5,242.86

Payment Schedule for $150,878.81

Period Principle Payment Interest Payment Total Payment Ending Balance

Month 1 $255.31 $622.21 $877.52 $150,623.50

Month 2 $256.36 $621.16 $877.52 $150,367.14

Month 3 $257.42 $620.10 $877.52 $150,109.73

Month 4 $258.48 $619.04 $877.52 $149,851.25

Month 5 $259.54 $617.97 $877.52 $149,591.70

Month 6 $260.62 $616.90 $877.52 $149,331.09

Month 7 $261.69 $615.83 $877.52 $149,069.40

Month 8 $262.77 $614.75 $877.52 $148,806.63

Month 9 $263.85 $613.67 $877.52 $148,542.77

Month 10 $264.94 $612.58 $877.52 $148,277.83

Month 11 $266.03 $611.49 $877.52 $148,011.80

Month 12 $267.13 $610.39 $877.52 $147,744.67

Year 1 Totals $3,134.14 $7,396.08 $10,530.22 $147,744.67 17

Month 289 $835.23 $42.28 $877.52 $9,418.07

Month 290 $838.68 $38.84 $877.52 $8,579.39

Month 291 $842.14 $35.38 $877.52 $7,737.25

Month 292 $845.61 $31.91 $877.52 $6,891.64

Month 293 $849.10 $28.42 $877.52 $6,042.54

Month 294 $852.60 $24.92 $877.52 $5,189.95

Month 295 $856.12 $21.40 $877.52 $4,333.83

Month 296 $859.65 $17.87 $877.52 $3,474.18

Month 297 $863.19 $14.33 $877.52 $2,610.99

Month 298 $866.75 $10.77 $877.52 $1,744.24

Month 299 $870.33 $7.19 $877.52 $873.91

Month 300 $873.91 $3.60 $877.52 $0.00

Year 25 Totals $10,253.31 $276.92 $10,530.22 $0.00

Mortgage Totals $150,878.81 $112,376.79 $263,255.60 $0.00

Year 25

Mortgage

Totals $150,878.81 $112,376.79 $263,255.60

Principle

Interest

TOTAL

$263,255.60

is what you

really pay!

18

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

Not Enough Money?

Sometimes I have

trouble paying my rent

on time!

MANAGING YOUR MONEY WORKSHOP:

will help your family make a plan to live with the

money that you have, and think about how to save for

other things like a down payment on a house.

Because money does

not fall from the sky,

we must think about

how we spend the

money we have.

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!

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…

CREDIT S P E N D I N G M O N E Y Y O U H AV E N O T

Y E T E A R N E D

Pay Day

Loans

The Cost of Credit

$99.88 Monthly payment

X 24 Number of months you will pay

= $2397.12 Total amount to be paid

- $ 999.00 Purchase price (with cash)

= $ 1398.12 Cost of Credit

Example : Smart

Choice Furniture.

Sofa Sectional

If you bought it

today for cash

you would pay

$999.00. With

credit you will pay

$99.88 every

month for 24

months.

What is your total

cost of credit?

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

NEW JOURNEY HOUSING WEBSITE

• Settlement workshops portal

• Quick links for housing assistance and programs

• www.newjourneyhousing.com