A note of caution, however, if you are looking to the Internet to revisit the past: stay away from those who make you feel inferior. That is, stay away from people who are into the game of “keeping up with the joneses” you know, the ones who frequently post pictures from their vacation in Spain, or engage in name dropping. Findings show that such “friends” bring you down..
Think of the biggest game in the world at this level and, of course, you dreaming about it when you a youngster, Muir said. Remember being in the backyard with my friends and guys around the way. To be able to [play in the Super Bowl] against guys from your youth is unbelievable.
I must say that the lightweight sneakers, at first glance, are gorgeous. They feature a soft Flyknit upper, a yellow pull tab on the back, a sleek hot pink heel clip, and cobalt blue upper around the heel. The laces are flat, rather than round, reducing the likelihood of loosening while in use (a personal favorite touch of mine)..
Data from August indicated some signs of stabilization, so the situation in Toronto looks like it will follow the path of Vancouver: a temporary pullback as the market adjusts to the new reality, with growth quickly resuming.But rather than focus on pricing when assessing the risk Canadian housing poses to the banking sector, Aiken instead believes employment is the key.Not only is economic growth on the upswing, but the employment situation is improving, and he expects that will continue unless the Bank of Canada takes an aggressive stance on rates. The analyst noted that rising unemployment levels in early 2000, and during the most recent economic downturn, coincided with weaker mortgage credit growth.Employment saw modest gains in August, with 22,000 jobs added, bringing Canada unemployment rate down to 6.2 per cent matching the low of October 2008.Investors should also keep in mind that average resale home prices in Canada are up approximately 63 per cent since 2008, and home re sale activity has climbed 16 per cent.Since residential mortgages make up the bulk of consumer lending portfolios at the Big Six banks, any weakness in the housing market naturally poses a risk. However, the typical Canadian mortgage holder remains conservative, and Aiken thinks that could mitigate some of the potential credit risk from a weakening housing market.Canada debt to income level is high something housing market bears often bring up when making the case for a crash or pullback, but Aiken pointed out that class mortgage holders with incomes ranging from $58,000 to $108,000, and those above that level, account for more than 90 per cent of home buyers.So while million dollar homes in Toronto and Vancouver get a lot of attention, the average price of homes purchased in 2016 was around $376,000, and purchases of million dollar plus homes accounted for only about two per cent of the total.Aiken also noted that roughly 75 per cent of Canadian mortgage holders made a down payment of 10 per cent or more, while Mortgage Professionals Canada estimates that more than half of homeowners made down payment of 20 per cent or more.Excluding home that required no financing, the average finance ration was 78 per cent.As a result, it would require rather substantial decline in housing pricing for Canadian households and the banks to encounter meaningful credit risk losses..