Page 32 - Sports Energy News, Cornwall, Issue No 138

32 Issue #138 July 2024 www.sportsenergynews.com

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

By Brian Johnston mortgage borrowers opted for a variable- the interest rate can change over time,
Mortgage Specialist rate mortgage, according to figures from typically in relation to the Bank of
the Bank of Canada. Canada’s overnight target rate.
VARIABLE RATE MORTGAGES That’s up from a low of 4.2% reached in More recent data show that while the
MAKING A COME BACK the third quarter of 2023, but down from popularity of variable-rate mortgages
Mortgage borrowers are increasingly a peak of nearly 57% of originations eased heading into the spring—and just
opting for variable-rate mortgages, a trend reached during the pandemic when most ahead of the Bank of Canada’s quarter-
that is expected to continue as the Bank of variable rates were available for less than point rate cut in June— their share of
Canada continues to lower interest rates. fixed-rate products. originations is up 50% from a year ago.
As of the first quarter, 12.9% of new A variable-rate mortgage is one where Continued on page 54

By Michael VanderMeer do not understand is that when you are the table are very similar.
Real Estate Agent in multiple offers you normally only Although the amount of the offer is the
get one chance when submitting an main motivator for accepting an offer,
UNDERSTANDING MULTIPLE
offer. What the seller does is look at all there are other ways to try to make your
OFFERS BUYERS offers and accepts the one that is best offer more attractive than competing
In today’s current market we are not for him, so you want to make your first offers. Every case is different but here
seeing as many multiple offers, but offer as appealing as possible. The only are a few.
they are still around. Here are some
way that you may get a 2nd chance is 1. A large deposit - the bigger the
hints on how to win if you find yourself if offers have not met all the terms & better.
in this situation. What a lot of people
needs of the seller, or if two offers on Continued on page 54

In our newsletter of summer 2000, we AI is a significant development, but it’s
Max Ming P.Eng. CFP ®
Financial Planner had nearly the same thing to say about also important to recognize that throughout
the impact of the internet on investing history, stock markets typically reflect the
GENERATIONAL TECHNOLOGY in the decade to come… and we can’t benefit of those technological advances
& INVESTING
help but draw similarities to what we’re many, many years later. Here are two
There is a sense that Artificial Intelligence seeing now with AI. While the technology examples.
(AI) is poised to define the next decade will no doubt provide a boost to many Take the invention of the radio. In 1926
as its impact on industries, societies, and aspects of life, it also has the ability to a share of Radio Corporation of America
daily life may be profound, reshaping work the other way around. Consider the (RCA) cost $43. By 1929 it peaked at
complexity of using AI to impersonate,
$568, and by 1932 only cost $15. From
how we work, communicate, and innovate, in ways that were scam, breach data, etc.
previously unimaginable. 1941 to 1985 RCA was a steadily growing
Yes, most professional investors believe
Continued on page 36

With our 2024 “Just Homes Listing Program”, Homeowners will never pay more than

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

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Serving the Community since 1959
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www.soldsmart.ca
sandy@homesnet.ca commission to only 2% + HST
“Not intented to solicit properties already listed for sale”