Morey Faith has a lot to celebrate. She officially joined the RHOL cast, and her appearance on the Showmax reality show “The Real Housewives of Lagos” is a major hit. Even though she didn’t kick off in the first season, she’s already captured the hearts of fans for the new one, swiftly becoming a fan favourite. And let’s not forget, her style game is on point—every outfit she rocks is an absolute head-turner.
But there’s no greater gift to celebrate for Faith than her son, Ethan Morey (or, as she calls him, “Sugar Plum”). Her 12-year-old has been a constant companion to his mom, whether it’s on red carpets, photoshoots, or at horseriding. These two are inseparable.
Faith has never held back about how being Ethan’s mom has completely transformed her.
“I can’t stop smiling when I talk about my kid, Ethan,” she told GQ in 2022. “I didn’t know I had so much to give until he was born. He keeps me grounded and made me a tough but fair negotiator. His presence in my life has changed me, I now know that I am living for us, not just me, so I can’t be selfish about my life choice. I want him to look at me and say, ‘It’s possible’ through the examples and teachings I will give to him… I am forever grateful to my son for choosing me.”
Awww!
Check out these sweet photos of the RHOL star and her little man, her son.
<img src="https://www.mtlblog.com/media-library/row-of-houses-in-montreal.jpg?id=55506085&width=1200&height=800&coordinates=2%2C0%2C2%2C0"/><br/><br/><p>The Montreal housing market is poised for steady growth in 2025, with home prices expected to rise faster than the national average, a new report shows. </p><p>For anyone hoping to buy a home here, the real question is: <a href="https://www.mtlblog.com/housing-market-montreal-average-rent-november-2024" target="_blank">How much income will you need</a> to make it happen?</p><p>According to a <a href="https://www.royallepage.ca/en/realestate/news/canadian-property-price-appreciation-set-for-a-return-to-long-term-norms-in-2025/" target="_blank">recent report from Royal LePage</a>, the aggregate price of a home in Greater Montreal is forecast to increase by 6.5% this year, reaching $655,082 by the fourth quarter of 2025. </p><p>Detached houses are set to climb even higher, with a 7.5% increase pushing their median price to $750,780. Condos, meanwhile, are expected to rise by 6%, bringing their median price to $507,210.</p><p>That puts Montreal slightly ahead of national growth projections, where the aggregate home price is expected to rise by 6% this year — although the average home in Canada is still projected to be about 30% more expensive than in Montreal, rising to $856,692 by the end of the year. </p><p>Montreal is also set to outpace Canada's other big cities this year, with Toronto projected to grow by 5% and Vancouver by only 4% in the same period.</p><p>"The Greater Montreal real estate market recorded healthy growth in activity and prices in 2024 after 2023 was characterized by below-average transactions," explains Marc Lefrançois, a Royal LePage real estate broker.</p><p>So, how much income do you need to afford a home in Montreal in 2025? Let's crunch the numbers.</p><p> As a general rule, the <a href="https://assets.cmhc-schl.gc.ca/sites/cmhc/consumers/buying-a-home/homebuying-step-by-step-guide/homebuying-step-by-step-guide-en.pdf?rev=37af6dbf-580a-4de8-aba9-353eba4c022f" target="_blank">Canada Mortgage and Housing Corporation</a> (CMHC) recommends keeping your major housing costs — mortgage payments, property taxes, heating costs and condo fees — to no more than 32% of your before-tax income. We've made some calculations based on current mortgage conditions in Canada, including the <a href="https://www.bankofcanada.ca/rates/banking-and-financial-statistics/posted-interest-rates-offered-by-chartered-banks/" target="_blank">Bank of Canada</a>'s current five-year conventional interest rate of 6.45%, to figure out what household income you need to afford an average home in Montreal.</p><p><strong>For a single-family detached house priced at $750,780:</strong></p><ul><li>You'll need a minimum down payment of <strong>$50,078</strong> (5% on the first $500,000 and 10% on the rest).</li><li>Including the obligatory 4% CMHC insurance on a down payment of that size, your total mortgage would be <strong>$728,730.08</strong>. That means monthly payments of <strong>$4,859.14</strong>, assuming a 6.45% interest rate over 25 years.</li><li>Factor in around <strong>$5,332.94</strong> in annual property taxes and <strong>$1,597.92</strong> in heating costs, and your total yearly expenses come to <strong>$65,240.54</strong>.</li><li>To stay within CMHC's guidelines, you'll need a gross household income of <strong>$203,877 </strong><strong>per year</strong>.</li></ul><p><strong>For a condo priced at $507,210:</strong></p><ul><li>A down payment of <strong>$25,721</strong> is the minimum.</li><li>With 4% CMHC insurance added, your total mortgage would be <strong>$500,748.56</strong>, which comes out to monthly payments of <strong>$3,338.97</strong>.</li><li>We've estimated around <strong>$2,040</strong> a year in condo fees (based on 850 sq. ft. at $0.20/sq. ft.), while property taxes add about another <strong>$3,602.81</strong>, bringing total yearly expenses to <strong>$45,710.45</strong>.</li><li>In order to keep that capped at 32% of your income, your household will need to make around <strong>$142,845</strong> to comfortably afford this.</li></ul><p>Montreal's affordability is still relatively strong compared to other Canadian cities, but rising demand could push prices even higher. </p><p>The city is experiencing renewed interest from buyers, many of whom had previously moved to more remote areas during the pandemic, according to Lefrançois. At the same time, <a href="https://www.mtlblog.com/canada-new-mortgage-rules-december-2024" target="_blank">government programs aimed at helping first-time buyers</a> are increasing demand without necessarily boosting supply, which adds upward pressure to prices.</p><p>With fewer new construction projects in the pipeline and more families looking to settle in or around the city, Royal LePage expects steady competition in the housing market throughout the year.</p>
<div><img width="300" height="200" src="https://www.naijanews.com/wp-content/uploads/2023/08/IMG_7974-300x200.jpeg" class="attachment-medium size-medium wp-post-image" alt="" decoding="async" style="margin-bottom: 15px;" srcset="https://www.naijanews.com/wp-content/uploads/2023/08/IMG_7974-300x200.jpeg 300w, https://www.naijanews.com/wp-content/uploads/2023/08/IMG_7974-1024x683.jpeg 1024w, https://www.naijanews.com/wp-content/uploads/2023/08/IMG_7974-768x512.jpeg 768w, https://www.naijanews.com/wp-content/uploads/2023/08/IMG_7974.jpeg 1280w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Former Senate President and ex-Governor of Kwara State, Bukola Saraki, has celebrated his mother, Florence, on her 88th birthday. Saraki shared photos of his mother, including a throwback photo of himself and her, on his Facebook page on Tuesday. He captioned the pictures, “Happy 88th birthday to my amazing and inspiring mother, Chief Mrs. Florence […]</p>
<p>The post <a rel="nofollow" href="https://www.naijanews.com/2023/08/08/saraki-celebrates-mother-on-her-88th-birthday-photos/">Saraki Celebrates Mother On Her 88th Birthday [Photos]</a> appeared first on <a rel="nofollow" href="https://www.naijanews.com">Naija News</a>.</p>
<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2024/02/FIRS-1000x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="FIRS To Go After Mr. Macaroni, Taaooma, Other Skit Makers And Influencers Over Tax Payment" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/02/FIRS-1000x600.jpg 1000w, https://www.naijanews.com/wp-content/uploads/2024/02/FIRS-590x354.jpg 590w, https://www.naijanews.com/wp-content/uploads/2024/02/FIRS-400x240.jpg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<h2>The <a href="https://www.naijanews.com/2024/01/26/were-coming-up-with-a-comprehensive-tax-system-firs-boss-speaks-on-reducing-countries-tax/">Federal Inland Revenue Service</a> (FIRS) has said it has no plans to tax skitmakers, influencers and other digital content creators.</h2>
<p><strong>Naija News</strong> recalls that the Special Adviser on Media to the chairman of the FIRS, <strong>Dare Adekambi</strong>, was <strong><a href="https://www.naijanews.com/2024/02/04/firs-to-go-after-mr-macaroni-taaooma-other-skit-makers-and-influencers-over-tax-payment/">quoted</a></strong> as saying that social media content creators and influencers constituted a major block of tax evaders.</p>
<p>He said content creators and influencers constitute a significant block of tax evaders, adding that a law in Nigeria requires everybody who earns income to pay tax.</p>
<p>Adekambi stressed that the FIRS would meet with content creators and influencers and make them see why they should voluntarily pay tax.</p>
<p>But an official of the agency who spoke to NAN anonymously on Monday, said skit makers are individuals who do not fall within the purview of the FIRS.</p>
<p>The FIRS official stated that the agency does not tax Personal Income Tax but only collects Company Income Tax.</p>
<p>He said: “<em>FIRS does not tax Personal Income Tax; State governments do.</em></p>
<p><em>“FIRS collects Company Income Tax. Only those who are corporate names and earn profit of N25 million and more are required to pay tax.</em>”</p>
<p>The post <a href="https://www.naijanews.com/2024/02/12/firs-speaks-on-going-after-taaoma-mr-macaroni-other-skit-makers-and-influencers-over-tax-payment/">FIRS Speaks On Going After Taaoma, Mr Macaroni, Other Skit Makers And Influencers Over Tax Payment</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
