Support Local Magazine: West Toronto (November 2022 Edition)

TORONTO

MASTHEAD FIAT LUX CONTRIBUTORS

Roger Tumminieri, Publisher

letsgetbacktobusiness@gmail.com Instagram: @supportlocalmagazine (416) 788-0716

Single Copy: $1.50 Annual Subscription: $54

Published by Fiat Lux Media www.fiatluxmedia.com

All rights reserved Proudly Based In Alderwood

Hiliary Breadner www.hiliarybgraphics.com (Graphic Design)

James Maloney, MP www.jamesmaloney.libparl.ca (Community)

June MacDonald-Jenkins www.humber.ca (Humber College Community Update)

Amanda Kirkland www.amandakirkland.com (Personal Development)

Bill Zufelt www.sherwaymusic.com (West Toronto History)

Adriana Hari www.moyafinancial.ca (Finance)

Cecilia Santos www.office146.com (Office146)

146 Thirtieth Street, Suite 100 Etobicoke, ON M8W 3C4

www.fiatluxmedia.com

PUBLISHER’S NOTE FIRST EDITION

Hello and welcome to the first edition of Support Local Magazine: West Toronto.

Thank you very much for joining us!

This publication has been a long time in the making. Its intent is to connect communi ty members with local business owners in West Toronto and is a spin-off of the work we’ve been doing in South Etobicoke since 2015 with the Etobicoke Lakeshore Press

We also publish versions of Support Local for Grey, Bruce & Dufferin Counties, and The Blue Mountains.

If you’re interested in contributing editorial or purchasing ad space, please reach out to me.

Thanks for reading!

Roger Tumminieri Publisher, Support Local Magazine letsgetbacktobusiness@gmail.com www.supportlocalmagazine.com (416) 788-0716

www.fiatluxmedia.com

A CHARMING, CONNECTED LIFESTYLE

SOUTH ETOBICOKE’S NEW WESTSHORE COMMUNITY PROMISES VIBRANT LIVING

BY TORONTO’S COVETED LAKESHORE.

Westshore is the latest master-planned community to grace Long Branch from award-winning developer Minto Communities. Following their bestselling South Shore and Longbranch communities, Westshore is an exciting new addition to the neighbourhood.

This stunning collection of urban townhomes provides residents with a uniquely connected oasis. Both separate from the hustle and bustle, and yet incredibly well connected, those who call Westshore home are steps from the lake and only minutes from downtown - whether by TTC streetcar, GO Transit or car.

Westshore focuses on putting health and wellness first, promoting this through a powerful connection to nature. Stunning landscaping connects with impactful architecture to establish a comforting and vivid sense of placea synergy between the community and the neighbourhood that encourages interaction with alluring view corridors and walkable paths.

A natural flow moves through every aspect of eco-friendly Westshore, establishing a connection between indoor and outdoor spaces that celebrates invigorating natural assets. From expansive windows to rooftop terraces, nature’s refreshing influence can be felt everywhere.

At Westshore, every detail has been carefully considered to ensure residents are welcomed home to a calming, healthy environment. Airy, open layouts accented by refined design create refreshingly spacious living areas to suit a modern lifestyle. Each townhome is outfitted with exquisite finishes and stateof-the-art green features, effusing an aura of sophistication and charm while encouraging healthier, eco-friendly living.

Be sure to register your interest with the Minto Community team today for this exceptional new Long Branch community. Registering will also ensure you receive the latest information right in your inbox.

FINANCE INVEST DURING A RECESSION?

years, that’s probably long enough for the economy, and your investments, to re bound and recover. If you plan on needing your money sooner, there’s no guarantee it will have grown much, if at all, making investing a riskier proposition.

Look for value opportunities amid the decline

Between rising interest rates, a slightly rocky housing market, and some weak economic indicators south of the border, Canada could be at risk of entering a re cession in the not-too distant future, ac cording to some financial forecasters.

A recession is typically defined as two con secutive quarters of negative economic growth but can sometimes be shorter, such as the brief economic shock at the outset of the COVID-19 pandemic. No one knows how long a recession will last, or how quickly the economy will recover.

In the face of such broad economic pain and uncertainty, the idea of investing in a recession might seem unwise, even reck less. The truth, however, is that investing during a recession can still pay off.

Assess your situation before deciding whether to invest during a recession

As with most financial matters, there’s no one-size-fits-all answer to the question of whether to keep investing during a reces sion. The best response comes by making an honest assessment of your own finan cial situation.

For starters, do you have an emergency fund? If not, you might want to prioritize that during a period of financial instability. Likewise, if you have high-interest debts, you might be better off addressing those before directing too much money towards potentially risky investments.

Another important consideration is how long you plan to invest before accessing any of your savings. If it’s at least seven

Investing during a recession can pro vide an opportunity to find value when stocks in reputable, reliable companies are available at a reduced price. Be judi cious about what to invest in, but look for chances to increase the buying power of your investment purchase by picking up a low-cost stake in a favourite stock, or one with a solid track record. Alternatively, in vesting in index funds can diminish your exposure to risk while still providing op portunities for value.

Instead of trying to time the bottom, rely on dollar cost averaging

As everyone knows, a basic rule of suc cessful investing is to buy low and sell high. With that thought in mind, you might be tempted to try and hoard cash during a recession, waiting to invest as much as you can when prices drop to their lowest point. The problem is, no one knows when that will be, and anyone who says differently is simply offering a best guess. Rather than spending months waiting to pounce when prices are perfect, a smarter approach is to rely on dollar cost averaging, which means investing consistent amounts at regular in tervals and making the best of the results. With dollar cost averaging, you’ll end up buying fewer shares when prices are high and buying more when prices are low.

Don’t sweat market declines, stay cool, and stick to the plan Whether you’re in vesting in the midst of a deep recession, or at the height of a market boom, one thing you won’t want to do is get overly emotional about your investments. Check ing their performance too frequently can stoke feelings of fear and panic when values are declining, and some investors struggle to resist the urge to sell, which simply locks in losses. Stick with the plan in good times and bad, and you’re likely to end up seeing gains.

This article is not intended to provide financial or financial planning advice, please call or email Moya Financial and they will be more than happy to chat with you.

747 Brown’s Line,Toronto ON M8W 3V7

Call: 416 255 1742 . Email: main@moyafinancial.ca