Page 19 - Sports Energy News, Cornwall, Issue No 149

www.sportsenergynews.com Issue #149 June 2025 19

Neighbourly Advice Fr om Our Local Pr ofessionals
Neighbourly Advice From Our Local Professionals

By Brian Johnston Just two months ago, rates had fallen “What influences the 5-year government
Mortgage Specialist sharply, following a plunge in bond yields of Canada bond is not necessarily what’s
driven by U.S. tariff concerns. happening in Canada; it is, in many cases,
Why Canadian Fixed Mortgage Rates
Canada’s 5-year fixed-mortgage rates the yield on the 10-year U.S. Treasury,”
are Rising Again are closely tied to the country’s 5-year Bruno Valko, VP of National Sales at
After briefly dipping below 4%, most bond yield, which in turn is influenced RMG, told Canadian Mortgage Trends.
five-year fixed mortgage rates at Canada’s
by the U.S. 10-year Treasury. That means “And there’s so many things that can
major banks are back above the 4% mark domestic mortgage rates are often shaped influence the US 10-year.”
and could stay elevated for the foreseeable
more by global forces than by local In early April, the U.S. 10-year Treasury
future, experts say.
economic conditions.
Continued on page 21

By Michael VanderMeer 2. GRADING & EAVES TROUGHING - viewing homes and don’t dismiss homes because
Real Estate Agent always good to have eaves troughing and you they do not have all your wants or needs - you
want to make sure that the ground around the could be missing out on some great deals.
home slopes away from the house. 6. ADVICE - family and friends may have good
THINGS TO WATCH FOR WHEN BUYING A 3. WINDOWS & DOORS - big ticket items, so intentions when offering their advice, it is not
HOME you want to make sure they are in good shape always accurate, so you should always rely on
In the next three issues I will be discussing what and not too close to their life expectancies. what the professional’s involved in your real
to watch for when buying a home. These tips 4. SHINGLES & ROOFS - one of the most estate transaction are telling you.
may help you make a decision on one of the most
important decisions of your life. important parts of a home and costly to replace, These are short quick points on these subjects.
so again, you want to make sure that they are not Talk to your Realtor about the full scope and
1 TREES - make sure there are no dead or dying near the end of their life. impact of these topics.
trees or trees too close to the house, as it can get 5. EXPECTATIONS - Keep an open mind when
costly removing them.

are having a real impact. Over one third of licensed, experienced, and working in your
Max Ming P.Eng. CFP ® Canadians aged 18–34 say they’ve made best interest (either online or in person). Watch
Financial Planner financial decisions based on something out for anyone who makes bold promises or

Financial Advice Is Everywhere—But Not they saw on social media, which you may downplays the risks, if it sounds too good to
All of it is Worth Following expect, but the concern is that many don’t be true, it likely is. Look for sources that put
It’s never been easier to access financial fully understand the risks, especially when education first, not entertainment.
advice, but in today’s world, “easy” doesn’t it comes to things like leverage or “get rich At the end of the day, good financial decisions
always mean “reliable.” quick” strategies. are based on facts, not trends. It’s a great
Between TikTok, YouTube, and Instagram, it Investment Executive also pointed out that resource to be able to learn online—but
feels like everyone’s a financial expert. Some professional advisors are seeing the fallout. double-check what you hear. Your financial
influencers (or “finfluencers”) share personal People are coming in after losing money, or future is too important to risk on someone
stories or basic budgeting tips. Others are handing out risky investment after making decisions based on content that else’s hype.
advice, often without any training, regulation, or accountability, and wasn’t meant for their situation. So how do Source: https://www.investmentexecutive.
that’s a problem—especially for Canadians still trying to figure things you protect yourself? com/inside-track_/matthew-taylor/the-
out. Stick with advice from people who are trouble-with-finfluencers/
According to a recent Investment Executive article, finfluencers

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