Page 13 - Sports Energy News, Cornwall, Issue No 153

www.sportsenergynews.com Issue #153 October 2025 13

“Pommier Jewellers October

Sports Mom”

Jodi

Gannon 20% Off In
Stock

Sports Energy is proud to recognize Jodi
Gannon as this month’s Pommiers
Mom of the Month. Jodi is the proud
mother of Evelyn (11) and Noah (10),
two active and enthusiastic young
athletes.
Evelyn has explored ballet, baseball,
and soccer in the past, and more
recently has developed a love for
swimming and volleyball. These days,
her creativity shines through her passion for
art and cooking. Noah is heavily involved in Making dreams come true since 1937
hockey, baseball, and soccer, keeping the family busy year-round.
6 Second Street East,
Some of Jodi’s favourite moments as a parent have come from watching
her children discover and explore new sports. “It’s been so rewarding to Cornwall
see their enthusiasm grow as they discover what they’re passionate about. 613-932-4022
Watching my children’s dedication and effort turn into achievement makes www.pommierjewellers.com
me so proud,” she shared. Continued on page 16

Johnston - Continued from page 10 and without mortgages: debt kept and Alberta. Those entering the renewal wave. Pandey noted that
the labour market is weakening, rising for non-mortgage holders in market are borrowing more, with in several markets, the bulk of
and unemployment rising to 7.1%, Q2, while mortgage holders kept the average first-time loan amount renewals are resulting in payment
according to Statistics Canada. “A increases more contained. up 4% year-over-year to nearly shocks as borrowers leave ultra-
rise in unemployment is a shock Renewals, not new lending, $430,000. “Mortgage growth low pandemic rates for mortgages
factor in terms of credit measures, driving mortgage activity remains sluggish, and overall a that add hundreds to monthly
such as payment behaviours,” Equifax said Canada’s total recovery has not yet materialized,” costs.While mortgage holders
Oakes said, pointing to the fact that mortgage balance is about $1.9 said Swarnima Pandey, Analytics have largely kept other credit use
rising unemployment will directly trillion, up 2.4% year-over- Insights Manager at Equifax in check, renewals are testing
influence many households’ ability year, with the average balance at Canada. Instead, renewals have household budgets in ways not
to meet higher mortgage payments. $247,000. The firm noted that even become the main driver of seen in more than a decade.“Today
On the credit side, Oakes noted that with lower rates and slight price mortgage activity through the most renewals are in payment
overall consumer debt is up about drops, first-time buyers continue to
second quarter of 2025. Equifax shock,” said Pandey. “Borrowers
3% year-over-year, though growth sit on the sidelines in anticipation
data show renewals and refinancing are renewing at much higher rates
has slowed amid weaker population of improved affordability. Even so, surged 27% year-over-year, with than their original loans, especially
gains and tighter credit use. first-time buyer activity edged up new mortgage originations up for those who secured fixed rates
Equifax also pointed to a growing 1.8% compared to last year, though 15.3% largely on the back of this during the pandemic.”
divide between consumers with participation fell in Ontario, B.C.

VanderMeer - Continued from page 10 will most likely lose their deposit, and in some cases, may get sued for any
is if they have the ability to purchase the home without a mortgage, or if damages the seller incurs.
they have a large enough down payment that they could easily get a private If you are making a cash offer but plan to finance it, you will want to make
mortgage; which would have a much higher interest rate but would still allow
sure you have alternative ways to complete your purchase should you end up
them to close the sale. If a buyer goes in cash without the ability to complete not getting your bank financing.
the sale, they could end up in hot water. If the financing falls through they