The More Things Change, the more they stay the same!
This is fascinating! To compare what Millennials are able to afford now with what Baby Boomers could afford when they bought their first homes, HuffPost Canada built profiles of the first-time homebuyer neighbourhoods in three Canadian cities: Halifax, Toronto, and Vancouver. By analyzing data on housing construction, first-time homebuyer incomes (ages 25 to 34) and house prices, they created profiles for 1977 (1980 for Halifax) and 2017. Continue reading…
While housing prices have skyrocketed, falling interest rates have balanced mortgage payments. Monthly payments – adjusted for inflation – are similar to what they were 40 years ago. Additionally, the insured mortgage decreased from 10% to 5%, easing the process of buying a home for first-timers. Read more…
Whether you’re a Millennial, Boomer, Gen X or Z buying your first home or fifth, nothing can compare to solid mortgage financing advice and a network of experienced lenders ready to tackle all your financing or refinancing needs. Talk to me today!
Running for Rachael Results
Running for Rachael on Sunday, September 29th starting at CF Lime Ridge Mall was very rewarding! We had an excellent day with 330 participants and volunteers enjoying the Ring Road, Messages of Hope, local entertainment, food and Bruiser from the Hamilton Bulldogs.
It was a tremendous community event that generated considerable mental health awareness and a better understanding of suicide prevention in our community.
We are very pleased to report that together we raised $30,180. These funds will be used to support student-led mental health initiatives, city-wide suicide prevention training and education and support programs for those who have experienced loss by suicide.
There were so many wonderful photos taken at the event, I thought I would share the link rather than including only a few. Once on the website, scroll down to see the Gallery. You’ll see some familiar faces, like my husband, Sid (Rachael’s father), and our grandchildren, Mila and Addy.
Tracy’s Scrapbook
