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October Milton Canadian Champion | Thursday insidehalton.com With the chill in the air, furnaces are on and windows are closed for the next few months. But this can lead to dry, home. Hereffare some ways you stale air inside the - TEA ~~ 3 Da = -- _ Re 1d he." E- pe aan Captivating Century Home $1,750,000 ~ . Advertorial Four ways to keep your home fresh as it can reduce dry skin and irritated airways withoutsgetting fresh air from outside. Keep fabrics clean Ensure a clean environment at al Magnificent home, on lush double lot, professionally landscaped. Circular driveway, parking for 15+ vehicles, in the heart of old Milton. Updated windows, wiring, plumbing, roof, furnace and AC. Beautiful bay windows in the oversized office & second bedroom. Amazing trim, and 10° ceilings throughout, new carpet in three bedrooms, hall & stairs 2018, freshly painted rms 2018. Full sprinkler system, outstanding workshop/garage. Accessing401 in minutes. MOE MILJOUR Sales Representative Call and ask for Moe 416.346.1682 mar Off: 905-693-9575 Dir: 416-346-1682 moemiljour@yahoo.com NOW HIRING Experienced and New Realtors SE ---------------------- I --. r -- Call Bob Pridham, Broker/Manager for your confidential interview 905-693-9575 John Cavan, ue Agent Ask your local mortgage planner A new report by Mortgage Professionals Canada revealed that the monthly cost of homeownership is lower than the cost of renting equivalent housing for the majority of Canadians, and becomes even more cost-effective over time. "The report demonstrates that the money Canadians are spending on monthly rent, if used instead to finance a home, would be a very beneficial investment over time. said Mortgage Professionals Canada Chief Economist Will Dunning. "The costs of owning and renting continue to rise across Canada. However, rents continue to rise over time whereas the largest cost of homeownership -- the mortgage payment -- typically maintains a fixed amount over a set period of time -- usually for the first five years. The result is that the cost of renting will increase more rapidly than the cost of homeownership." Many Canadians have resigned themselves to the idea that they may become permanent renters, however this latest study shows that it may be better to avoid this line of thinking. John Cavan is an Approved Mortgage Planner witk Mortgage Architects. Mo phone: 905-878-7213 or by email: john home, especially in thi where you spend the Sheets, blankets, pillows, rugs all these fabrics are perfect aller fen collectors. Wash them regu slarly and try to avoid down-filled duvets and pillows, especially if you are an allergy sufferer. Keep pets out of the bedroom Even though it's winter and you want to get cozy with your furry friend, pet dander can wreak se rious havoc on your body when you're sleeping. To help with the transition, set up a sleeping area with toys and other items your pet likes, so you can feel confident they're comfortable without you. fOoom! most time ra = * RN Why? It was found that those who can invest in homeownership will be significantly "better off in the long term. The study. compared the costs of renting five and ten years in the future. Provided that mortgage rates remain at 3.25%, the cost of ownership (on the net basis that takes out principal repayment) will be lower after ten years than the price of renting for almost 98% of cases. 'On average, the net cost of owning will be $1,295 less than the monthly cost of renting equivalent dwellings. If the interest rate rises to 4.25% after 10 years, the cost of ownership is less than the cost of renting in 92% of case studies, with an average saving of $1,014 per month," the study found But what if the central bank decides to hike interest rates to 5.25%? In this case, after 10 years, homeownership will still be less expensive than renting in 82% of cases, with a projected savings of $726 per month "While recent changes to mortgage qualifying have made the barrier to entry higher, those who can qualify will be rtgage questions and concerns can be directed to John Cavan's office, cavan@mtgarc.ca. John Cavan's website is www.stressfreemortgage.ca. Contact John today a SEPEERET | LRA SELLER much better off in the long term." Mortgage Professionals Canada President and CEO Paul Taylor said. It is important to note that in every one of the 266 cases, the cost of owning will be far lower than the cost of renting, provided the mortgage is fully repaid. In fact, in 25 years, on average, the cost of owning is projected at $1,549 per month versus $4,655 for renting an equivalent dwelling. Referencing wealth data from Statistics Canada, the report also underscored that homeowners are distinctly better off financially compared to tenants who are similar in age and level of income. Overall, Dunning encouraged Canadians to think long-term and consider investing in their own homes. "Everyone wants to save for their future, but rising costs, including rent, are making that more difficult. The lower life- time costs of homeownership niean that owners have more ability to save for retirement than do renters. The financial benefits of homeownership go beyond equity accumulation" he concluded. gets colder I" i PEEL : SAS "wm (ii ! A Reduce use of harsh, smelly chemicals All winter, our houses are closed,which means anything with a harsh chemical smell can't es cape and we're subjecting our air- ways to it. Experimentwith all-nat- ural cleaning products including white vinegar, lemon and baking soda. Humidify your air To keep the air in your house fresh, consider purchasing a hu- midifier. The Philips Humidifier Series. 2000 has evaporative tech- nology that spreads 99 per cent less bacteria compared to leading ultrasonic humidifiers. Plus, the 360° design evenly distributes hu- midified air throughout the room, making it the perfect solution for dry, stuffy air in your home. (NC) HOMEOWNERSHIP STILL BETTER THAN RENTING, talib INCREASING RATES located at 14 Martin St., Milton. John can be reached by bout your stressfree mortgage opportunities. fits ica var lil ll Bi