fuck holly trees, shit show to clean up after trimming

after nearly 4 months of looking, 2 months of back n forth with this seller we finally have an accepted offer and look to remove subjects this week, and take possession on the 24th.

just in the nick of time as we have to out of our place at the end of the month

Why do you need 2 months of back and forth with the seller?

https://www.bnnbloomberg.ca/investin...n-2025-berman/

Betting markets are saying to expect another 50bps rate cut this week to get us to 3.25 (within range of "neutral") because of shaky looking employment numbers. Currency will likely take a big hit as a result though.

Don't expect big movements in fixed rates though - the markets have largely priced those in but you might see that variable rates become competitive with fixed now. Ratehub currently shows variable rates as low as 5% so this should get us down to 4.5% with more cuts expected.

yay another 500$ in the bank

You drive around East Van and there are a gazillion of those old looking grungy SFH, prob built in the 70's or 80's. I often wonder if they would sell or who would put down $1.75M for that ??!!

In Vegas 2 weeks ago a 750 ML tall can of beer at the Knights game was $42 CAD…

Hope you don’t plan to cross the border any time soon :lol

Dollar is already shit, and I'm sure those $1.7s are selling to buddy guy builders so they can build x2 $1.7 duplexes on. Young people won't drop $1.7 on a old detached but have no problem dropping $1.7 + gst on new duplex.

interest rates going down will make it easier to stomach the fact I paid over 2M for one of those old looking grungy SFH prob built in the 70's or 80's.

Whitev70r's trash is snowball's treasure

Another shitty mega mansion in LA. Lot was 16 mill.

Wooo half a point peepoClap

https://www.cbc.ca/news/business/ban...c-11-1.7407231

ruh oh, RE market is gonna heat up again.

and you will be able to pay your property tax to Vancouver in bitcoin. Sims trying to make City Hall crypto friendly.

I’m b4 Freeland huffs some amphetamines and hangs her hat on lower interest rates while ramping up debt?

I hate Freeland... but would you say the same thing if a diff finance minister was taking credit for lowered interest rates? Pretty sure you were posting about wanting a drop a few months back and/or expressing disappointment at the lack of drops.

I mean, what's anyone in that position supposed to do? Ignore that it went down? Of course they're going to promote it as a good thing. Kinda stupid to do or suggest otherwise isn't it?

Finance minister isn't going to say "FUCK YOU BANK OF CANADA, INTEREST IS CHEAPER BUT WHAT ABOUT THE DEBT?"

Time to fire up that HELOC and get dat G-Wagon

My HELOC is running glow plugs and it's -50C :badpokerface:

Bra… you don’t remember the constant conversation we had that the BoC interest rate isn’t affected by govt. intervention?

When you read into this rate cut the primary driver is unemployment.

You can’t be resolved of responsibility when it’s shit, then take credit for it when it goes down if, in actuality, govt. doesn’t effect the BoC decision.

She didn’t even keep her promise of managing debt, they are ramping it up as an illusion to garner favour which will almost certainly bite us in the ass later on.

Between these cuts (which everyone said isn’t based on the govt.) and the Trump effect on the stock market, there is no fucking chance anything Turd will do to EVER touch the gains made for anyone invested in US equities lol his entire tenure as PM is a net loss to me compared to the gains US equities have made me.

Also feel like patting myself on the back as I pumped all my expendable income into investments VS paying down my mortgage over these last few years as I anticipated everything would turn to shit here and ultimately the BoC would be forced to lower rates, which worked out almost exactly as I had planned

^ that's my thoughts too, there's no point of paying down debt, Canada is fucked, pp or not, if pp I think may be even more fucked socially when it becomes Florindia here. Cad will continue to devalue, there's no business investment. No growth here. We'll just continue to rot it out, cuz we can survive banging drums and huffing trees. Money will continue to drain out of Canada. Meanwhile USD / BTC will continue to go up relative to CAD. Canada is fucked if we do fucked if we don't. This is what we get for burning all the bridges and have no foresight. I'm not even sure if buddy guys still want to come? They go from 20 in one room to 8 in one room. We don't need more unskilled laborers, we need to drive up efficiency. None of this strike every week BS. Tax on tax on tax.

I'm not absolving anyone of anything, but you think any finance minister wouldn't try to take the exact same credit public image wise?

Why do people talk so much about managing debt? I just checked a chart for national debt from 1962 onward and I can only see 4 times in those 62 years that it actually went down AT ALL... 1 of those being 2 years ago funny enough. 2 of those 4 times under the current Liberal gov btw as much as that must gall you.

I don't like Freeland at ALL she's a moron, but posting hate posts for the sake of hate posts is brainless. Bad policies? Sure detail them out and play armchair GM what you'd do differently.

But just bitching every single thing that anyone from this government posts when you know full well you wouldn't say a word if it was PP's finance minister or whoever saying it is so old man tiresome.

Well we wouldn’t have a decade of PP’s policies if it was his finance minster yapping.

Here’s my armchair proposal, responsible fiscal policy that doesn’t fuck over another decade of personal finance for the sake of GRASPING at votes which you should have abandoned long ago.

Why do people talk about balancing debt? Welllll….

Anyways… what is the variable rate now? Always seems hard to square up until the bank releases its rate. I think my variable was hovering around 4.2 prior?

It depends if you var was from 3 years ago when they gave larger discounts, they barely giving P-1% now a days

Rollercoaster ride

4.1% 3-year fixed Offer - Aug

4.3% 3-year in late - Oct/Nov

3.9% 3-year or Prime -0.85% - yesterday!

paying an extra $5K/year in interest vs 1.59%


the 50 bps cut does nothing for fixed, but variable would be 4.6% now, still not the play imo.