Mohit Seth Urges Canadians to Boost Financial Literacy Before Big Purchases

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Mohit Seth MAAK Finance Mortgages

"Mohit Seth of Calgary says planning now avoids pain later-and it doesn't require perfect timing, just good information."
Calgary, AB - February 3, 2026 - Mohit Seth, a respected mortgage broker, real estate agent, and insurance professional with over 20 years of experience in financial services, is calling for increased public awareness around basic financial literacy-especially for homebuyers and new Canadians.

"Most people don't realise how much they can help themselves just by understanding what they're signing up for," said Seth. "We live in a country where owning a home is part of the dream, but too often people rush into it without the tools to protect that dream."

Financial Stress Is Growing in Canada

According to Statistics Canada, over 40% of Canadians say they are "very concerned" about their ability to cover housing costs. With inflation, rising interest rates, and increased cost of living, Canadians are taking on more debt than ever. Yet many still make major financial decisions without clear knowledge of how loans, insurance, or variable interest rates really work.

"I've had clients come in thinking their mortgage pre-approval meant guaranteed financing," said Seth. "They didn't understand how income verification or credit re-checks could affect their application at the last minute. That's not their fault. That's a system gap."

A Call to Start Asking More Questions

Seth believes that basic financial understanding-like how amortisation affects total loan cost, or what insurance really covers-is often left out of conversations until it's too late.

"I'm not saying everyone needs to become an expert," he explained. "But I do think we all need to start asking better questions: What does this term mean? What happens if rates change? Do I have a backup plan?"

His advice? Don't wait for a crisis to figure things out.

"Get curious before you get committed. Even just taking 30 minutes to talk to someone neutral-whether it's a mortgage broker, a trusted advisor, or a local community program-can make a huge difference. Empowerment starts with understanding."

What You Can Do on Your Own

Seth encourages individuals to take small, proactive steps:

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Write down your financial goals: short term and long term.

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Track monthly expenses: understanding your cash flow is key.

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Learn the basics of how credit works: your score matters.

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Ask professionals direct questions: don't be afraid to clarify.

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Start early: plan six months ahead of any major purchase.

"People have more power than they think," Seth said. "Preparation beats panic every time."

About Mohit Seth

Mohit Seth is a Calgary-based mortgage broker, real estate agent, and insurance advisor with a career that spans top roles at ICICI Bank in India and TD Canada Trust in Canada. With academic training in mathematics and finance, he is known for his structured, client-focused approach. He runs his practice under MAAK Finance Ltd. and advocates for transparent, education-first financial services.
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