CHEX - Thursday, May 23, 2024 - 06:00 a.m. (ET) - Segment #11

right now as they have that conversation with their bank or other lenders, for example? >> So I'm going to renew my mortgage in july. So I'll tell you exactly what I'm doing. I'm talking to my bank early and I'm weighing my options. I am going to other banks to see what they can offer me, and I'm waiting until the very last day to renew because I am in a fixed rate mortgage, which is much lower than what I'm going to renew at. So that's obvious stuff. I think the other thing is that we have to deal with the numbers that are in front of us. We can't be forecasters and try to guess where the interest rate is going, because that can get you into trouble. Thinking, well, interest rates are going down, I can get into this house. That may be a little bit difficult right now for me to afford, but rates will come down and the mortgage payments will go lower as well. So don't go into any loan situation with that in mind. Really just look at the numbers that are in front of you today. Can you afford that loan over the next five years? Can you afford it? If interest rates were to go up two percentage points, does it make up more than 30% of your gross annual income? These are the numbers that you should be looking at to see if you can truly afford, especially if you're buying a home, a brand new or new to you. And if you're renewing, just renew with the numbers that are in front of you. Don't try to be a forecaster because you might end up making a decision based on a based on something that's not actually facts. >> Very good advice. And if you want to, you know, make your stomach turn. You look at how much money you're putting into the interest payment every time you pay a mortgage payment, none the less, conversation for another day. We appreciate this, as always. Rubina. Thank you so much. That is our personal finance expert. Rubina ahmed-haq also the host of for what it's worth on corus radio. And of course, wherever you get your podcasts. Thank you again, rubina. >> Thanks for having me. Get ready to race to victory with Merrett Home Hardware! From lumber to paint, kitchen to bathroom renovations, and all building materials, Merrett Home Hardware has everything you need to win your home improvement game. Visit Merrett Home Hardware today and bring home the gold for your next project. Merrett Home Hardware Where champions shop for home improvement! Drew: Come lets win together! You can always count on your locally owned Mortgage Plus Corporation for all types of mortgages and consolidations! Get free advice on your mortgage situation, call Kathy or Kelly today, it doesn't cost anything to call! Mortgage Plus Corporation 705-874-fast The hitch house canada's ultimate motor home store carries a huge selection of class b camper vans whether you're hitting the road or the road less travelled manufacturers like thor motor coach winnebago and pleasureway will get you there in comfort and style fuel efficient powerful and modern class b camper vans feature everything from off road capabilities to extra sleeping space come to the hitch house just 4 miles north of barrie to see our entire b class lineup or visit Hi this is Tiffany from Peterborough Appliances, and I'm here to tell you about May May is not just about flowers and sunshine. At Peterborough Appliances, May is all about Maytag. Dependable, efficient, shiny Maytag appliances. Celebrate Maytag month with us and save up to $400 instantly. Your new Maytag appliances will last but these savings won't. Save hundreds and re-discover May. Only at Peterborough Appliances, 2849 Lakefield Road, one kilometer north of the Giant Tiger. Tiger. Peterborough appliances. yeah! I'm Cam Crawford, and I'm the dentist at Maple Leaf Dentistry. I love when someone comes to me and they say I've got problems, I don't like the way that I'm chewing or I don't like the way that it looks and I've been told this is something that can't be fixed. Its that complex stuff we've got a knack for. we are accepting new patients. We take lots of images and have a discussion about where we're going to go from here announcer: Tonight... We're ready. Let's go, let's go! (Sirens blaring) 9-1-1,all new tonightat 8 Eastern on Global. >> From "global peterborough" this is "global news" morning. >> Good morning, and thank you for joining us. I'm keri ferguson teresa kaszuba is off today. One of ontario's largest trade unions is lobbying the provincial government for more support in the public service. Ofsaa held its first of three rallies planned for our region this week. Outside mpp dave smith's office. Robert lothian reports.

>> We're we're done. We're ready to say enough is enough. Government needs to step up. >> Dozens of public service workers lined a busy chemong road. Their goal to send a message to the ford government that current social services funding levels fall short. Services are underfunded and that, in our case, children are at risk. >> And I know that for myself and my coworkers, we are not prepared to walk away from a child in need to balance an inadequate budget on wednesday, union members representing the kawartha haliburton children's aid society delivering a letter to mpp dave smith's office. We want to just be able to drop our letter off asking for support and what they call a chronically underfunded system. Children can't stay in their homes and then when they need to be removed from their homes, they can't stay in their community and they end up being hours out of the area for either addressing it through funding children's aid societies and children's mental health, or we're addressing it in emergency room departments, or we're addressing it in shelters. >> So at some point we are going to have to fund it. >> A spokesperson for smith's office says the mpp was not in the riding on wednesday or available for an interview before a deadline. And while children's services took the focus of wednesday's rally, representation came from several unions. The concern, labelle says, is a growing theme of funding shortfalls impacting many public services. >> Clean water agency. You know, the cuts to public health labs, like all of those things, are going to impact people in peterborough and they should care about those issues, because if they don't have access to those services in their community, where are they going to get them? >> Ipsos will continue to hold rallies on thursday at mpp david puccini's office in port hope, and on friday at lindsay at mpp laurie scott's office. The goal is to maintain pressure while these elected officials are at home. Robert lothian "global news" >> The city of kawartha lakes council is calling on the provincial and federal governments to step in to address program cuts at fleming college. At its meeting tuesday, council voted in favor of a recommendation that the municipality encouraged both levels of government to invest in and provide support legislation that promotes colleges, specifically fleming's frost campus, which is heavily impacted by the cuts. Last month, the college announced it would cut 29 programs due to low projected domestic enrollment, as well as the federal cap on international students in ontario. A gas leak in east city prompted a school to keep its students inside wednesday afternoon. In an email to parents, the administration team from kaawaate east city public school says enbridge gas and peterborough fire services asked that students be kept indoors for recess after a gas line was ruptured in the construction zone on armor road. Dismissal at the end of the school day was not impacted, and food insecurity continues to be a growing issue in the region. The haliburton, kawartha, pine ridge district health unit has released a new report detailing the impact locally as many families fall short of making ends meet. Tricia mason has the story. >> Haliburton, kawartha pine ridge district health unit is reporting that 12.9% of households in the county of haliburton, 10.2% in the city of kawartha lakes and 8.7% in northumberland county, are now considered low income. >> Food banks would love to go out of business, and that is not the trend that we are headed towards at this moment. >> As a result, northumberland fair share food bank says the increase in need has become more prevalent throughout the region as time goes on. >> So in 2023, at our services, we had 668 new food bank users. People that have never used a food bank before, whereas in 2022 was 271. This year already in 2024, we've seen more than 400. >> The hkpr district health unit estimates a family of four two adults and two children would have spent an average of $1,184 per month towards eating healthy in 2023. And this household income scenario within the report, if the family earns minimum wage, they would have spent 28% of their income on food that meets canada's food guide. After paying for rent. That would leave them with merely a few hundred dollars to pay for other basic living expenses. >> The trends that we're seeing now don't tend to be going away, so we've had unprecedented years, year over year. So even our costs have risen as well. The costs of transportation have has risen. Gas, housing, obviously, the report also found only 20% of households experiencing food insecurity are using food banks. >> Lindell crediting that to people being overwhelmed with their new reality and the whole reason that we're here and that

we're community supported is to be there for the people that are facing food insecurity and are making these really difficult decisions. She goes on to say. Luckilly local donations have not gone down. "global news" reached out to the health unit multiple times, but did not receive a reply by deadline. According to the report itself, the living wage in the health unit's jurisdiction is $20.60 per hour, but the current minimum wage in ontario is 1655. And while it's set to increase to 1720 an hour in october, officials say that still falls short. Tricia mason "global news" port hope will be reopening its medical walk in clinic this summer. >> It will be reopened at its previous location on the second floor at 99 toronto road. Northumberland county will undertake a one year pilot project for clinic services with support from community health centers of northumberland. These services will aim to address a critical need for accessible primary health care, as well as more than 4000 northumberland county residents are without a family doctor for the walk in clinic will open in july. The peterborough downtown business improvement area has appointed a new executive director. Nur mazloum will take over as head of the dbia on june 10th. She joins the team after spending five years with the kingston economic development corporation, where she most recently served as its marketing and communications manager. She takes over the reins in peterborough after the position sat vacant following the departure of former executive director terry gill last october. The city of kawartha lakes is the country's 26th municipality to become bird friendly, city certified nature canada says the municipality was certified at entry level, which means it received 50% of eligible points awarded. The organization goes on to say the city of kawartha lakes and its local bird team are moving the dial to protect, defend and restore local bird populations. >> And you're watching "chex peterborough" >> Good morning. What was an active day yesterday? Some strong storms, especially north of peterborough, moving across lake simcoe towards the east. And this is the evidence right here. Very large hail, this is from kevin smith. And yeah, there was some well obviously some lightning, some heavy downpours too. Even some tornado warned storms. A quieter day today. There has been the passage of a cold front. You'll feel that when it comes to the humidex values, although it still is a relatively warm start and we've still got a few residual showers, especially kingston up through ottawa and portions of eastern ontario. But that should start to clear as we move through this morning and taking a look at the winds. They are still out of the west southwest will be a little breezy at times. I know it was breezy yesterday and you can see temperatures are still holding on to the low to mid teens depending on where you are more towards the mid teens, even 20s as you head farther east. But again, it's not going to be quite as as warm and humid today . Not the high 20s where we've been of late, but more towards the mid 20s around peterborough. There will be some sunny breaks and we'll see that develop as well around kingston. After some morning showers. Let's take a look at your future cast. You can see plenty of sunshine today. Pretty quiet weather conditions that will be the case once again on friday. More comfortable sleeping weather as well. And then we are looking out for the chance of some showers and the risk of thunderstorms on saturday afternoon and then we should dry out by saturday evening and sunday. So 21 a little cooler tomorrow. That chance of some afternoon late morning afternoon showers on saturday. It could be a thunderstorm back to the mid 20s on sunday with a sun cloud mix and some wet weather into early next week. And that's a look at your forecast. >> Thank you ross. This is "global news" morning peterborough. We have your national and international headlines just ahead. This portion of Global Morning News is brought to you by Goldfinger Injury Lawyers Get Goldfinger today It's your home, your way with Kennedy's Appliances and Electronics proudly serving the Kawarthas for over 90 years. Visit their showroom today packed with over 200 appliances and electronics, plus with 10,000 square feet of warehousing you could even take it home the same day! Great Prices, Great Brands, Great Service, all since 1932!Come see why Kennedy's is one of the longest running family-owned appliances and electronic stores in Canada Life is so busy outside the being happy inside your home is more important than ever hi it's john and patty from peterborough bath renovators thinking of changing up your bathroom our high quality shower remodeling solutions can be customized for any bathroom any

Copyright protected and owned by broadcaster. Your licence is limited to private, internal, non-commercial use. All reproduction, broadcast, transmission or other use of this work is strictly prohibited.