Interest-Only Mortgages Have Come To Canada, But Do We Really Need This 'Innovation'?
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WHY HONDA IS SIMPLIFYING TRIM CHOICES
RAKUL PREET SINGH'S 'DE DE PYAAR DE' PROMOTIONAL STYLE IS A
CRASH COURSE ON HOW TO BUILD THE PERFECT SUMMER WARDROBE
TOKYO — Click Honda's online configurator for the Civic and you will
enter a rabbit hole of options. For the sedan alone, there are DX, LX,
EX, Spor t and Touring in Canada, as well as the spor ty Si.
That plethora of choices may be great for consumers, but not so much
for the automaker. Honda Motor Co. CEO Takahiro Hachigo said last
week that complicated vehicle configurations are sapping the
company's resources from both development and manufacturing.
Hachigo now says it is time to simplif y. The CEO said Honda will
slash the number of trim and option variations to a third of their cur-
rent level by 2025 across its worldwide lineup. How complicated has it
gotten for Honda? Consider the Civic Touring sedan. That model has three choices
of 17-inch wheels and three versions of 18-inch options. Top that off with four
options for cabin illumination and two choices of accent trim. Reducing choices is
just one of a string of overhauls Honda announced in a strategy shakeup as it races
Interest-Only Mortgages Have Come To Canada, to rein in costs, streamline its manufacturing and free up r&d resources to compete
in new segments and technologies. Despite its big presence in the U.S., Honda is
a midsize player on the global field. Like its rivals, Honda hopes to
maximize resources to invest in next-generation technologies cover-
But Do We Really Need This ‘Innovation’? ing everything from electrification to autonomous driving.
Online bullying worsens depression in teens
This year, nearly a million Australian homeowners are facing a nasty
WASHINGTON DC: Teens who have experienced cyber-bullying are
reality: Their monthly mortgage payments are spiking, over night, by
mo re likely to suffer from poor sleep, which ultimately raises
an average of $400 per month. their levels of depression, suggest researchers.
It was the latest dump-truck delivery of salt into the open wound that According to the study presented at the meeting of the Associated
is the Australian housing market, now in a historic slump thanks to Professional Sleep Societies, for examining the relationship be-
unaffordably high prices and the disappearance of foreign buyers. tween online bullying and depression, this study is one of few to
While that might sound familiar to Canadians, this latest shock to explore the connection between cyber victimization and sleep
Australia's housing market was brought about by something Canadi- quality.“Cyber victimization on the inter net and social media is a
ans largely aren't familiar with: Interest-only mor tgages. It's a type of unique form of peer victimization and emerging mental health
loan that's popular Down Under, in the U.K. and elsewhere, where concern among teens who are digital natives. Understanding these
bor rowers pay only the interest on their mor tgage for some set period associations suppor ts the need to provide sleep hygiene educa-
of time, commonly four or five years. 2002, U.S. lenders created something similar to an interest-only mor t- tion and risk prevention and interventions to mistreated kids who
That's right, you make mor tgage payments, but the principal you owe gage, a 30-year "adjustable rate mor tgage" that gave homebuyers a show signs and symptoms of depression,” said the author of the
doesn't come down at all. The upshot for borrowers is that, in those very low "introductory rate" for the first five years, followed by a hefty study, Misol Kwon.
first years of the mor tgage, they make far smaller monthly payments spike in the rate, and with it, much larger monthly payments. Nearly one-third of teens have experienced symptoms of depres-
than they would with a traditional mor tgage. Five years after those ARMs were introduced, mor tgage payments sion, which, in addition to changes in sleep pattern, include per-
But then, of course, comes the day when the interest-only period soared, helping to trigger the U.S.'s financial crisis. All of this is neatly sistent ir ritability, anger and social withdrawal. And nearly 15 per
expires, and your payments jump to include repayment of principal. explained in the 2015 movie, "The Big Shor t." cent of U.S. high school students repor t being bullied electroni-
That's what's happening to 900,000 Aussie households this year. The In essence, his argument was that more different types of mor tgages cally. At severe levels, depression may lead to disr upted school
government in Canberra estimates that, at current interest rates, would spread out the risk of a debt crisis. If everyone has the same type of per for mance, harmed relationships or suicide. T he risks of allow-
Aussies with interest-only loans will pay nearly $100,000 in addi- mortgage, everyone is susceptible to the same risks, so if something goes wrong. ing depression to worsen highlight the need for researchers and clini-
tional interest payments on a $750,000 house, in the long run. everyone's up the same creek without a paddle. More varied mor tgages cians to understand and target sleep quality and other risk factors that
If that sounds like a risky proposition to you, you're right. Back in would mean any negative scenario would affect fewer people. have the potential to exacerbate the disorder.
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416.475.5000
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28 MidWeek lifestyle MIDWEEK NEWS WEEKLY
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SARA ALI KHAN’S PRINTED MAXI DRESS IS QUITE HOW TO LAYER UP THIS
AFFORDABLE AT RS 2,500. GET HER LOOK SUMMER YET LOOK COOL
Sara Ali Khan has a penchant for affordable fashion. While the Simmba
actor has been the choicest muse to Indian designers, it hasn’t stopped
her from wearing affordable clothing. Ever since her debut, Sara has
shown us various fashionable sides of her by wearing mini dresses
to designer lehengas and so much more. Lately, the Kedar nath actor
seems to be fixated on comfor table ethnic wear, especially kur tis and
maxi dresses. Her ethnic wardrobe has her wearing a lot of retail
brands too which automatically makes her outfits extremely adapt-
able and affordable. Recently, Sara stepped out in the most comfor t-
able maxi dress and her look can be recreated in approximately Rs
2500. Sara was spotted in Mumbai and she wore a printed Global
Desi maxi dress for the occasion. The A-line maxi had an orange print
all over and is the perfect option for the summer season. The dress
had a cinched waist and Sara chose to style it with a pair of orange
juttis. The Simbaa actor kept her half hair swept back and went make-
up free for the casual outing. She opted for orange bangles and chose
simple white studs as earrings.
Sara’s outfit is perfect for when the temperature rises. The cool colours
and fabric make it an easy pick. The maxi dress can easily be styled
with basic flats or even kolhapuri chappals. If you love to accessorise,
add silver oxidised earrings and silver bangles to complete the look.
Fashion Trends 2019: 5 summer dresses to own this season Blazers with slouchy shoulders and loosely-fitted pants
are no longer uncool. While women have embraced the
oversized trends for a while now (remember boyfriend
Summer is a per fect time to flaunt all your dresses. It’s the ideal blazer?), men too are experimenting with wider fits prov-
season to give those skin-clinging tights and jeans a break, and don ing that it’s not just the well-fitted tailoring that looks spiff y.
flowy, air y dresses in a variety of shades and colours, in order to And the flag bearers of the oversized fashion are actors
make your days a little more brighter and comfor table. like Ayushmann Khurrana, Kar tik Aar yan, Ranveer Singh
It’s also impor tant to invest in accessories this season.From and singer Harr y Styles. Actor Kartik Aar yan was recently
scarves to tinted sunglasses, make the best of fashion to beat the spotted wearing an oversized T-shir t with loose joggers.
unforgiving heat. Ranveer Singh made a case for oversized fashion when
SHIRT DRESS he was snapped in a puffer jacket with multicoloured pants.
A shirt dress can take you from the office to a casual outing, real So what’s making them shift from sharp, tailored clothing
quick. It is the perfect solution to keep your look not only for mal at to relaxed fits? Fashion exper ts tell us the reason. “The
work, but also cool and comfor table during the scorching heat. Pair a only reason men were wary of opting for oversized clothes
as it didn’t flatter their physique. But with brands like
Dior, Gucci and Pronounce making the oversized tailor-
ing look crisper, the apprehension to opt for something
baggy has gone,” says designer Dhr uv Vaish.
“A trend returns in ever y two decades. During the 80s and
early 90s suits and shir ts were oversized. But then fitted
clothes came into fashion. With men’s fashion evolving,
wider fits are back,” says designer Gaurav Khanijo.
shir t dress with casual sneakers or a pair of heels and accessorise “Oversized clothing flatters thinner body types and looks
with a wristwatch for a simple yet stylish look. You can also belt up great on taller people. If you are planning to opt for over-
an oversized shir t dress for a chic look. sized clothing from head to toe, make sure you accessorise
WRAP DRESS the look with a chic belt bag or some accessory to add to
Available in various prints and colours, wrap dresses spell out ‘sum- the look.” says designer Anvita Sharma.
mer’ like no one else. Depending on the length of your wrap dress, Layer up this summer with some cool and stylish jack-
you can dress it up either with boots, especially with an asymmetri- ets. Take a look at some of the actors spor ting the trend:?
cal dress or one with a length below knees, while strappy sandals
work well with a wrap dress of any length.
MAXI DRESS
These are an absolute summer
staple. From colour-blocked ver-
sions to striped, flowy maxis,
there are loads of options to
choose from. Pair it with a floppy
hat, uber-cool shades and strappy
sandals to achieve that per fect
summer look.
SHEATH DRESS
Its semi-formal loo k makes for the
perfect Friday dressing at work, taking
you from the office to an evening out
with friends in an instant. Opt for colour-
blocked and monotone sheath
dresses, as they standout and
make more of a style statement,
and will leave you fetching com-
pliments.
SKATER DRESS
Per fect to wear on holidays, the
skater dress will surely amp up
your style factor this summer.
Team it up with a cardigan if your
dress is monotone, along with
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Westwood Square (Upper level near food cour t), Mississauga ON L4T 0B4
You can opt for a denim skater
dress or one in pastel shades. TEL: 905-956-2174 TICO No. 50023652
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THE TAUNTON WINS PROJECT OF THE YEAR
‘
Branthaven’s legacy of custom home building, passion for interior design and dedication to construction detail were immediately evident
Branthaven Homes swept the recent when the HHHBA jur y of building industry experts toured the move-in ready Taunton community.
2018 Hamilton Halton Home Builders’ “Winning “The Project of the Year” is the highest honour for homebuilders,” says Steve Stipsits, president of Branthaven Homes. “The judges
are our peers and being recognized for our overall achievements in architecture, interior design, amenities, presentation, curb appeal,
Association Awards (HHHBA) with innovation and technology is very gratifying. We are so proud to be selected as best in class.”
eight trophies including the coveted The Taunton Apar tments also won the “Best Exterior Concept on a Mid-High Rise”. Judges noted the contemporary architecture and the use of
high quality traditional building materials reflected the ideal balance of modern living and old-world craftsmanship that will stand the test of time
Project of the Year in the mid-high and add value to its Oakville neighbourhood.
rise category. Branthaven’s passion for fashionable and functional floorplan design was acknowledged in the Product Design categories. The Excelsior won
for “Best Condominium Concept Under 750 sq.ft.” and The Carlyle won “Best Concept over 750 - 1200 sq.ft.” Judges were impressed by the
All eight awards were awarded to just interior appeal, inclusion of innovative detailing, creative use of space and flow of each floor plan.
one project - The Taunton in Oakville. The Taunton was awarded four additional awards in the sales and marketing categories. “Best Project Logo”, “Best Magazine Advertisement”,
“Best On-Site Sales Package” and “Best Website” were judged on their creativity and communication that successfully speaks to its intended audience
– the discerning renter who wants hotel-inspired amenities, best-in-class experiences and no compromising when it comes carefree luxury living.
The Taunton offers Award winning Rental Lifestyle
With rental living evolving into a highly desirable lifestyle option, Branthaven
Homes and Emshih Living present an extraordinary new rental oppor tunity in
Oakville. Introducing The Taunton Apar tments, the new standard in brand-
new, purpose-built, rental apartments.
Burlington-based Branthaven Homesand Emshih Living noticed a need in the
marketplace for luxury rental living, especially in Oakville. "We're offering renters
- young professionals, executives, retirees, snowbirds and others, the luxury of
living in a brand-new, purpose-built apartment with all the amenities and lifestyle
benefits of a high-end condo yet liberated from the commitment of home ownership,"
says Steve Stipsits, president of Branthaven Homes.
With escalating costs associated with home ownership and big condo
communities, many people are now opting to rent rather than own. Renting
has many lifestyle and financial benefits that are often overlooked when
considering what type of housing options to choose. "When you rent it is a
fixed cost - there are no unexpected expenses, no outlay of a costly down
payment, no mor tgage, no condo fees, no landscaping, security monitoring
or upkeep costs. From a lifestyle and financial point of view, renting can be
financially and emotionally freeing," suggests Stipsits.
"At our recent opening, building industry exper ts who toured The Taunton
said it is arguably the best rental building in Canada," says Stipsits. "They
noted the high quality of the construction, the level of fit and finish as well as
the hotel-inspired amenities on offer at The Taunton."
The Taunton's high level of ser vice and luxury amenities have been designed
to fit the needs of its discerning residents. From attentive concierge service,
two guest suites, pampering pet spa to the exceptional lifestyle experiences designers II BY IV Design. A full range of luxury one bedroom apar tments, Trafalgar Road just south of Dundas is a major asset. Walk to local shops and
of the hotel-inspired lobby, lounge, gaming room, private dining and bespoke one bedroom plus den, spacious two bedroom and two bedroom plus den services, community greenspace and connections to numerous trails and
bar to the inspiring fitness and wellness centre, nothing has been overlooked apar tments and barrier free units are also available. Apar tments are feature- paths. Oakville Trafalgar Hospital is minutes away. For commuters, The Taunton's
at The Taunton. In warm weather, The Taunton's Rooftop Terrace with its filled with premium appliances and fixtures and there are two colour palettes location boasts access all major highways and the Oakville GO station has an
cabanas, chaises, fire pits, BBQ's and alfresco dining areas will be the place to choose from. express train to Toronto's financial core and cultural attractions.
to be. All of The Taunton Apar tments interior spaces, including the two Another benefit for The Taunton's residents? The Location. For renters seeking Book a Tour Today or call the leasing office: 833.825.6459
decorated model apartment suites have been designed by renowned interior convenience and commuter access, the Taunton's location in Oak Park at www.thetauntonapartments.com
30 MidWeek lifestyle MIDWEEK NEWS WEEKLY
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PRIYANKA CHOPRA, DEEPIKA PADUKONE, KIM KARDASHIAN,
KYLIE JENNER SLAY AT THE 2019 MET AFTER-PARTIES
Met Gala 2019 saw some of the most iconic moments in fashion
industry with Cardi B walking the ‘pink carpet’ in a Thom Browne red
gown with a 3-foot long train, Lady Gaga changing her Brandon Max-
well outfit four times, Billy Por ter being carried onto the carpet by six
men and Jared Leto carr ying his own head as an accessory. The night
observed Camp: Notes on Fashion at its theme and celebrities did not
fail to deliver to it. The Met Gala is an extravagant affair in itself,
however by now we are aware that celebrities love to conclude a
par ty with another par ty. Hence, the Met af ter-par ties is where we
spotted even more glamour to add to the fashionable event.
PRIYANKA CHOPRA
Priyanka Chopra stunned in a Alice in Wonderland red carpet look,
adhering extensively to the theme in a silver Dior gown with feathers
and embellishments. She later switched her outfit and wore a shor t
Dior jumpsuit in a nude shade with statement shoulders and embel-
lishments all over. Her leggings were a par t of her previous outfit,
however it gelled in with the romper with ease. Priyanka completed
the look with a pair of bejewelled pumps. As for her hair, tight vintage
curls were the ultimate choice while the makeup was colourful keep-
ing in touch with her Met Gala look.
DEEPIKA PADUKONE day and Kim continued with ease. She later changed into another back. The makeup mogul chose to wear a teal colour wig and ear-
Deepika Padukone was all about vintage Zac Posen, in a figure hug- fitted Mugler dress in blue, worn with similar boots and gloves. For her hair, she rings to complete her monochrome campy look.
ging yellow dress worn with a black and white coat. The Chhapaak wore silver fringes keeping in touch with the camp theme of the night. KATY PERR Y
actor, wore the gown with a pair of yellow strappy heels and green KYLIE JENNER Katy Perry showed up in a Moschino Chandelier dress at the Met red
earrings. Deepika chose to wear her hair in a high ponytail much Kylie Jenner was easily one of the best-dressed celebrities at the Met carpet complete with the lights switched on at some point. When the
similar to the one worn by her on the Met gala red carpet. ball in a purple Versace gown with fitted bodice, a feather train and theme is camp, you can never be extra. Just when we thought we had
KIM KARDASHIAN sleeves made purely out of purple feathers. She even matched her seen all there is to see at fashion’s biggest night, Katy Perry showed
Kim Kardashian walked the red carpet in a nude Manfred Thiery hair with the outfit, so it was only fitting that Kylie would step out to up as burger, complete with sneakers and under dress made to look
Mugler dress which accentuated her figure to the extent that it was par ty in something equally glamorous. Kylie chose another Versace like lettuce. The Roar hitmaker carried a blingy purse to complete the
hard for her to breathe. However, fashion tr umps basic chores any gown in teal which fit her like a glove and had feathers around the attire while her hair was styled in a sleek bob.
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How to layer up with jackets this summer
They are smar t, chic and definitely a piece of clothing your summer wardrobe needs. We are talking about layering
up with cool jackets this season. Well, layering up in summers does seem odd, especially when it is a winter choice.
However, there are a variety of cool options when it comes to choosing the right jacket to beat the heat.
“We feel it [layering] does hold a great value in terms of style. But in terms of comfor t, one should focus on the textures
of the clothes. Wearing light linen or cotton material for layering is apt as they are thin and let your body breathe. Layers
of organza on dresses and trousers add a sense of romance,” says fashion designer Sweta Tantia of Tahweave.
While the trend has become a favourite among Bollywood stars, we take a look how you can experiment
with the jacket this season.
Add your summer chic with this Kora jacket. “This is a soft unbleached organic cotton, hand-spun and handwoven
jacket with box pleats on the front and back. You can tr y it on a crop and palazzo trousers,” says fashion designer
Vaibbhavi P.
COOL COTTON
Actor Karisma Kapoor looks chic in this white cotton silk flower jamdani pleated dress with French knot embroidered
pockets. What caught our attention was the green with off-white, yellow and brown stripes cowl over layer with
drawstrings. “It’s a single ply cotton over layer, which is ver y easy to carry and can be accessorised with anything
which makes any outfit looks dressier. An over layer can be paired up with a pant, dress by making it totally summer
ready,” says fashion designer Sweta Tantia.
FLOWER POWER
Nothing beats a bold floral motif and this sunflower motif is one happy summer jacket you can opt for. “The jacket is
inspired from ‘kediyo’, the traditional wear of Gujarat and also includes some bold handloom prints and a sunflower
which is machine embroidered,” says fashion designer Vina Ahuja of Akashi.
CHECK IT OUT
Keeping it casual and chic is actor Ananya Panday who rocks this print-on-print jacket and shor ts by Only. What
makes this an ideal summer wear is that the chequered jacket can pass off as a formal and casual wear at the same
time. Team it with a pair of trousers and you are ready to go.
STYLE IT RIGHT
Stylist Preetham Jukalker suggests summer jackets to get you sorted for every occasion. Take a look...
If you have an early morning activity or travel plan, keep it casual with a cotton sleeveless printed jacket and team it
with a pastel T-shir t or you also opt for print-on-print. For instance, a printed jacket and shor ts as coordinates.
Summer is a good time for pastel shades. If you are out to get some brunch, try on a pastel jacket with white or ivory
pyjamas. In pastel shades you could choose from powder blue or aqua green.
For an evening outing, a printed long jacket with tapered pants flatter any body type. If you have a wedding to attend,
the men can opt for jackets in floral prints and Aztec prints teamed with pastel kurta and the women can go for sheer
capes on skirts and flared pants.
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