Page 33 - Sports Energy News, Cornwall, Issue No 107

www.sportsenergynews.com Issue #107 December 2021 33

Continued from page 32 Continued from page 12
Match Your Area As of October, home prices have
Pole, with a passenger seat for Mrs. their home.” risen 23% compared to a year earlier
Clause, heated grips, a windshield, Knowledge Beaudry added that the Bank of but they are up over 30% since the
plow, and tracks. This machine could Play Thom’s Trivia Canada will continue to monitor start of the pandemic. As home prices
be put to work year-round or used for this trend, and that BoC staff are and mortgage sizes have increased,
good old fun on his trails. Once he’d already looking into how investors the amount of wiggle room for recent
chosen his machine, Santa finished are affecting housing-related purchasers has decreased, making
up the paperwork with the sales team vulnerabilities. them more vulnerable to changing
and with a wink and a nod he was Investors a Growing Market Share economic and rate conditions.
off.” Beaudry’s comments came on the Beaudry noted, “A key concern here is
“The parts and service team got heels of a new report from Teranet that financially stretched households
to work building and assembling that found the share of recent home have little breathing room to absorb
Santa’s order and in no time, we purchases by multi-property owners any disruption to their income. A job
made the call that his machine was Question 1 has risen from the smallest buyer loss could force many to drastically
ready for pick up. Santa was sorry 1) If you called phone segment just 10 years ago (16% of cut their spending to keep servicing
that his schedule was too full to come number 604 in December of purchases), to the highest segment their debt,” he said, adding that
back down himself, but he made 1921 for ice time schedules, today (over 25%). Multi-property a drop in home prices could also
special arrangements for the ATV to where would it ring? owners aren’t exclusively investors, reduce household consumption, since
be picked up. The next morning when Question 2 as it can include owners of cottages many homeowners use their house as
we got to the shop, the Outlander was 2 - Twenty days after Pearl and other vacation homes, as well as collateral to secure their home equity
gone but in its place was a fresh batch Harbour in 1941, Cornwall parents purchasing property for their lines of credit (HELOCs). “In addition,
the fact that many households have
of cookies and a thank you letter from Flyers played in Quebec City children.
Santa himself! Overall, we would in a QSHL game. The opening At the same time, the share of first- used a long period of historically
say that dealing with Santa Clause goal was scored by Flyers time buyers in the market has dipped low interest rates to accumulate a lot
of debt means that the economy is
was a magical experience and he will legend Fred Gardiner. Who over the past 10 years, particularly likely also more sensitive now to any
always be warmly welcomed at OE assisted? in 2016 following the introduction increase in borrowing costs.”
Powersports.” Question 3 of the mortgage stress test. While At present, markets are now
It’s no surprise that Santa left a 3 - What did Mike Murray, the volume of most buyer segments forecasting seven quarter-point rate
little holiday cheer in exchange for Bob Kilger, Richard Tessier, has declined since the start of the increases by the Bank of Canada
good service. Keep an eye out for and Gilles Poirier do on pandemic, the share of multi-property starting in March. But according
Santa over the month of December, December 23, 1961? owners was the only one to continue to the Bank of Canada, rate hikes
as he’s sure to be hitting the trails Turn to page 45 for Answers to rise. should be expected at the earliest by
with his new 4-wheeler! Housing Market Risks are Growing
the “middle quarters” of 2022.
Pommier Jewellers

“Pommier Jewellers October 2021 United Way

Christmas
Christmas

Sports Mom” Christmas

Angel
Erin Seymour Angel

“I am a health and physical education teacher at the
Akwesasne Mohawk School,” says December’s Mom
of the Month, Erin Seymour. “When I was young,
my parents let us try whatever sport or activity we
Each
wanted. Experiencing it now as a parent, I have a great $ Each
Plus
appreciation for that. I don’t know where they found 20 20 Plus
the time or how they made it work financially, but they Tax
Tax
did. When my daughter was born, my father told me
whatever she wants to do, you must let her, and you
must show up for her. He didn’t get to play sports Deer symbolizes tenderness tempered ed
tenderness temper
because his parents struggled financially and lacked with strength. This allows Deer Spirit to
. This allows Deer Spirit to
access to transportation.”
act even when obstacles challenge the path.
Erin’s children, Amerie (14) and Royce (11), are hockey act even when obstacles challenge the path.
players. Amerie plays with the Cornwall Girls Hockey
Association U15A, and Royce plays Seaway Valley
Rapids U12AA. “Being part of a team sport can teach youth
so many life skills,” says Erin. “The most important things to
me are that my children continue to develop in their chosen sport,
enjoy playing, and keep growing as people.”
Erin’s involvement in athletics is long-standing. “I coached minor hockey and golf for various programs
before I had children of my own,” she says. “I volunteered as an on-ice helper with the Tyke program for Making dreams come true since 1937
Making dreams come true since 1937
Making dreams come true since 1937
the Cornwall Girls Hockey Association when my daughter was 4. When she moved to Novice at age 7, I
volunteered as a coach and have been coaching for CGHA since. For the last 4 years I have also joined the
CGHA Executive.” 6 Second Street East, Cornwall
Erin started playing hockey at 7 and golfing at 13. “I was able to play both sports in high school and university,”
she says. She has also played for the CGHA senior women’s team. “I currently only play pick-up hockey when 613-932-4022
I can. Coaching and being a hockey parent take up most of my time.”
“I have been able to golf in the North American Indigenous Games in Winnipeg, MB and Denver, CO,” she www.pommierjewellers.com
says. “Since having children, I now golf with them in the summer or I join a golf league if I have more time.”
Erin and her family don’t limit their athletics to organized sports: “We enjoy many physical activities as See store for details, check us out on facebook
a family - kayaking, skiing, rollerblading, hiking, and more. We recently got 2 dogs who also enjoy being
included in our family adventures.”