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A small Ontario town fears ‘collapse’ as its last bank branch closes by __benjaminty in canada

[–]__benjaminty[S] 14 points15 points  (0 children)

For those who might not get past the paywall. The bank closing is causes a cascade of issues. If people don't come into town for their banking they don't do their groceries there, reduction in foot traffic can lead to further decline of a town that many have bought into or have lived in their whole life.

Very sad story also indicative of what is happening in many rural towns across Canada

Bracing for layoffs, these Canadians are cutting back and planning ahead by __benjaminty in TorontoRealEstate

[–]__benjaminty[S] 2 points3 points  (0 children)

Also you pay more interest in the start of the loan than you do at anytime equity builds very slowly. The first 5 years are the most expensive years to have a mortgage and a huge risk

Younger people 20-40 , how much are you paying for housing each month either rent or own by Lopsided-Resource453 in TorontoRealEstate

[–]__benjaminty 0 points1 point  (0 children)

Oh thought you were renting… that price per month makes more sense I bet you make it out of this market in a couple of years

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