Page 39 - Sports Energy News, Cornwall, Issue No 121

www.sportsenergynews.com Issue #121 February 2023 39

Continued from page 38 - Brian Johnson rising popularity of short-term fixed
this year. This helps explain why fixed rates. Data from the Bank of Canada Continued from page 38 - Mike VanderMeer
upgrades, or small issues that are not expensive to correct. These issues are
rates are lower than variable, because shows a clear trend of borrowers
usually not a reason to go back to the table to renegotiate. In the case of
the fixed rates are priced off the bond shifting away from variable rates and
larger issues, I usually recommend that the buyer and seller split the cost of
market…[and] the bond market is towards short-term fixed rates.
clearly signalling that the worst of Nearly a third (31%) of all new the repair as the buyer will be the one that benefits from the repairs. In other
the inflation scare is behind us. If mortgage originations as of November cases, the buyer may not be in a position to correct the problem and ask that
the seller complete the work before closing. In the end both the buyer and
the current trend continues, there’s a had a fixed-rate term of under three
the seller have to agree to any price adjustments or repairs. If the seller does
“very good chance” that 5-year fixed years.
not agree, then the buyer has the choice to accept the deficiencies as is or be
rates fall back to the “low fours” by It makes sense. If I were taking out
the spring homebuying season. a mortgage today, I would be inclined released from the offer.
If [yields] continue to tick down a to look at 1 or 2-year fixed because
little, the possibility that we end up I think there’s a decent chance that, Continued from page 38 - Max Ming
with mortgages in the high threes is a year or two from now, [rates are] are unable to work due to accident or illness. Many parents are lucky
not outside the realm of possibility. A going to be substantially cheaper at enough to have coverage through their employer. If not, we have the
lot can change, but as it stands right renewal. ability to customize a plan to suit your personal needs.
now, the direction of travel for interest Meanwhile, after making up nearly Create (or Update) a Will/Powers of Attorney: Ensure your dependents
rates is clearly down and that’s good 60% of new mortgage originations are taken care of if something tragic happens. At a minimum it will
news.” last year, variable-rate products are determine who takes care of your children and who will look after their
Short-term Fixed Rates Growing in back to making up a more historically finances.
Popularity average share of new mortgages, While you will be bombarded with marketing material that will be
Many borrowers are clearly according to the Bank of Canada data. pitching different investment and insurance options for your next dollar,
anticipating lower rates again in the In November, 22% of new originations we would encourage you to take time to make sure these building blocks
coming years, which explains the had a variable-rate mortgage. are in place for your family, first.

“Livin’ The Dream”

Yoga. Massage. Meditation. The did furniture become so contentious? ninety-six-year-old man in an assisted
list goes on. Speaking of contentious, the fumes living community. A young dietician,
Even if you say, “I’m fine, thank from gas stoves are the latest threat. (dieticians always seem to be zealots),
you,” someone will be eager to Induction is the answer to that fume was trying to convince him to eat
share their secret to a long life and issue you didn’t know you had! vegetables. Seems he’d just never
happiness. They come at you with Technology is the key. gotten around to eating vegetables.
the zeal of the newly converted! Technology can make your life so He didn’t like them. She was shocked.
You don’t even have to ask! much easier! (They’ve been flogging She hadn’t gotten there a moment
Do you know what your problem that one for years, but THIS TIME it too soon! After she’d completed her
By Janeen Wagemans
might be? really will alleviate stress rather than pitch, he asked her how old she was.
Gluten! Try giving up gluten and simply creating more of it). Twenty-six, she answered proudly.
ave you noticed that just about
Hevery conversation lately, or you’ll be a new man! Siri will help you! Alexa, what’s the He said, not unkindly, “I appreciate
No, it’s Turmeric! We all need weather like outside my window? Hey your enthusiasm, and I’m sure you’re
everything you see on tv, has to do
with trying to sort you out? You may more turmeric! That’s the ticket! Google! What’s new? right, but if I’ve made it to ninety-six
You have too much stuff! You Everything is becoming a safety in good health, I think I’ll just stick to
think you’re perking along just fine,
but then you’re confronted by the lat- should take the 30-day Minimalism issue. You need a smart watch! A smart what’s been working for me so far.”
est threat to life as we know it. Even Challenge! Clutter causes stress, you phone! Hopefully accompanied by a She had the good grace to agree.
know! smart grandchild. I have concluded, in the end, that
friendly conversations at the dog park
can center around the helpful solving No, no. It’s exercise! Get out there Eat local! Eat ugly vegetables! the greatest cause of stress in modern
and try cross-country skiing! The best Don’t drink alcohol. life is being bombarded by the
of problems you didn’t even know
you had! thing going for whatever ails you! Remember when roughage was all incessant efforts to reduce it. Let’s
Stress is the latest trend. Everyone Do you really need that beer? the rage? Roughage was going to solve just take a breath before we jump on
Your furniture is too old. No. The everything. Apparently, it didn’t. We the next passing bandwagon. Maybe
claims to have more than the next guy,
but they also have a recommendation problem with the world today is still have things. when we say we’re fine, we simply
cheap, disposable furniture! When I am reminded of a story of a lovely are. Fine.
for how to get rid of it.