TRANSIT
From Page 1 to “jump ahead” will result in “data showing they don’t need transit.” He said waiting un-
News Now • Thursday, November 23, 2017 • Page 3 til areas like Winston Road have filled in would give a more true picture. Bentley said even if council pushed immediately, he did not
think they could be ready for 2018, adding if the project was pushed too early ahead of proper information gathering to allow for informed
decision making - it could doom a transit program in the future. “We need to nail it down first,” said Bentley. A long list of ques-
tions linger after the transit study was presented Monday, namely, route issues, ridership and cost projections and more.
BEATLES BURGERS & BEER Mondays ~ 6-9 p.M.
Live Music By THE FAB TWO MICHAEL WAINWRIGHT & RICK LABRIE
Penny sale possibilities
UPCOMING MURDER MYSTERY DINNER & SHOW DATES
Elcho Road United Church hosted its Christmas Bazaar Saturday complete with a penny and bake sale. Colleen Bigelow and Hanneke Bergsma sign in for the penny sale with Caroline Robins while Edi Zimmermann reviews her choices for her penny sale tickets. Williscraft Photo
In the Banquet Room
Sun. Dec. 10 Wed. Dec. 13 Thurs. Dec. 14 Sat. Dec. 16
CALL fOR MORE DATES Reserve today!
NEW YEAR’S EVE WITH THE BEATLES An important update on the latest announcement from the Federal Government on the new mortgage qualifier “Stress Test” As of January 1st, 2018, all mortgage applications will be subject to some form of “Stress Test” qualifier; • All new insured mortgage applications will continue to be qualified at the Bank of Canada Benchmark rate (4.99% as of October 30, 2017, subject to change without notice), and a 25-year amortization;
4 couRse meal call foR DetaIls!
BOOKING CHRISTMAS PARTIES
• All new uninsured mortgage applications will be qualified at the greater of a) the mortgage contract rate + 2%, and b) the Bank of Canada Benchmark rate in effect at time of application. What does this mean for you? For those homeowners with substantial credit-card or other highinterest-rate debt, the urgency is real. One can expect that all refinance options will be severely limited by this “Plus 2% Stress Test”. If you are planning to apply for a mortgage after January 1st, 2018, for the purpose of buying a home, or refinancing your current home, I strongly encourage you to consult with me now, to determine how this “Plus 2% Stress Test” qualification may affect your future borrowing ability. If you have above-average debt-ratios, you will definitely be affected. More importantly, if you expect your household income to substantially decrease in the coming years, due to retirement or some other change in your employment, then it may be advisable to set up any new mortgage and/or home equity line of credit now - before your income level drops. If you’d like more information, please call me. I’d be happy to provide you with a quick assessment to determine how you will be affected by this latest effort of the Federal Government to control consumer debt levels.
In the Dining Room, Pub Dining Room & Banquet Room FRESH
FRESH
Don’t let this latest round of Government regulation catch you off guard!
Margo Wynhofen, B.A.Econ., CPMB Principal Broker Verico
One Mortgage
Corp.
Each Verico Broker is an Independent owner operator ™ Trademarket of Vercio Financial Group Inc.
Verico One Mortgage Corp. FSCO Licencer #10460
7 Livingston Avenue, Grimsby, ON L3M 1K4 Tel: 905.309.8850 Toll -Free 866.864.9595 Fax: 866.210.3533 www.mymortgageadvisor.ca
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