Page 10 - Sports Energy News, Cornwall, Issue No 154

10 Issue #154 November 2025 www.sportsenergynews.com

om Our
Neighbourly
Neighbourly Advice From Our Local Professionals
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Advice Fr

By Brian Johnston climbed again in August, driven almost vulnerabilities. Mortgage debt now
Mortgage Specialist entirely by mortgage debt. While accounts for 74.5% of household
borrowing remains historically slow, credit—the highest share on record.
Canadian Mortgages Now A Record
mortgages are still growing much That’s a 7.5 point jump over the past
8-In-10 Dollars of Household Debt faster than other forms of credit—now decade, with the 70% threshold only
Canadian real estate revived an old accounting for nearly 8 in 10 dollars, breached in March 2020. It wasn’t
risk: mortgage debt is back in the
a record high. That concentration is even this high at the peak of Canada’s
driver’s seat. Statistics Canada (Stat amplifying household and economic last major credit cycle, in the ’90s. This
Can) data shows household credit
Continued on page 11

have one agent represent you from that agency was working for them. To me,
By Michael VanderMeer
Real Estate Agent company. This applies to both Buyers designated representation for sellers just
and Sellers, and it is called designated better defines the relationship between
Designated Representative - Whats representation themselves and the Realtor they choose
This Mean To You? Choosing a designated representative to deal with.
In the ever-changing world of real basically changes nothing for sellers as For Buyers this was a big change, as
estate, the powers that be decided just they normally picked an agent to deal now if they want to be represented with
over a year ago that if you use a real with and generally dealt with that agent a designated rep, or sign on with a realty
estate company, you have the choice to although it was deemed that the whole Continued on page 11

Max Ming P.Eng. CFP ® helps you make smarter contribution taxes and preserve Old Age Security
Financial Planner and withdrawal decisions when various benefits (timing matters!)
deadlines arrive. Taking time now to review your plan
Why Now is the Perfect Time to It’s also a good opportunity to test your can turn uncertainty into confidence.
Rethink Retirement numbers. Run a few “what-if” scenarios: Whether it’s fine-tuning withdrawals,
As we quickly approach the holiday What if markets stay flat for a few adjusting investments, or rethinking
and tax seasons, November to February years? What if inflation runs higher than when to start benefits, small steps made
can feel like a bit of a financial lull, but expected? Seeing how your plan holds before the rush of tax season can help you
for Canadians nearing retirement, it’s up can highlight small adjustments that start 2026 feeling organized, informed,
actually one of the best times of the year prevent bigger problems later. and in control of your retirement income.
to get organized.
Those already in their 60s can also Disclaimer: Equity Associates Inc. is
This quieter stretch is ideal for stepping back and looking at review when to start government benefits registered as a Mutual Fund Dealer & an
your overall retirement income plan. Before RRSP season hits,
and how to draw income tax-efficiently. EMD Dealer in selected provinces. The
take time to map out how much you’ll need each year and
Strategic withdrawals in low-income opinions expressed in this communication
where it will come from (pensions, CPP, OAS, RRSPs, TFSAs,
years (before age 71) can reduce lifetime are those of the writer and do not necessarily
or non-registered investments). Having a plan in place now reflect those of Equity Associates Inc.

With our 2025 “Just Homes Listing Program”, Homeowners will never pay more than

3 3/4%+ HST commission which includes full weekly local newspaper

Owned and Operated by M. Jean Cameron Real Estate Limited advertising until sold, internet promotion and even an open house program when needed.
Serving the Community since 1959
The savings may not stop here. When we sell your home directly to a buyer
check us out on the web at: without another real estate brokerage involved in the sale, we further reduce our
www.soldsmart.ca
sandy@homesnet.ca commission to only 2% + HST
“Not intented to solicit properties already listed for sale”