There's no denying that it's been a rough year so far. As much as I'd like to discuss the market (and I will!), it would be irresponsible not to address some of the things happening around the world and certainly, right at home.
While it's important to stay aware of current events, an endless stream of bad news can take a toll on our mental health especially for youth. Sotheby's International Realty Canada is proud to support Jack.org, Canada's only charity training and empowering young leaders to revolutionize mental health in every province and territory. Through innovative programs and mental health resources, Jack.org enables young leaders to identify and dismantle barriers to positive mental health.
While some may disagree with the violence that has marked some of the Black Lives Matter protests, it's clear that change is necessary to combat the systemic racism in so many of our organizations. We can all do our part, whether it's as simple as recognizing there is a problem or listening and acknowledging those who have suffered.
In market news, as of July 1st, the Canadian Mortgage and Housing Corporation is tightening restrictions for anybody who is looking to make a purchase and has less than 20% as a down payment. This sort of adjustment usually affects first-time buyers, but if you're curious about if this could affect you, please get in touch.
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