Ont. mayor can’t afford to buy house in township she leads
kitchener.ctvnews.ca
Waterloo Region’s red-hot housing market hits close to home for Wilmot Township Mayor Natasha Salonen.

Time to loosen zoning restrictions and say no to NIMBYs Ms. Mayor. *

Despite earning around $90,000 a year between her work as mayor, regional councillor and with the local electric utility, she says she can’t afford to buy a home in the municipality she leads.

* yeah, she’s still paying off student loans, and I don’t know what zoning restrictions are like in her community. But still.

  • sbv@sh.itjust.worksOPEnglish
    1·
    1 year ago

    HELOCs may burn some folks. They were gaining popularity while interest was low. That is going to add to the burden of those who loaded up on debt.