Free $570 for most !!

Are you saying it showed up as a debit on your credit card account, but the city didn't receive the money?

or did the payment just not go through?

Closing on the new place in a couple weeks.

What are your thoughts on Title Insurance? We are being quoted $1250 for an owner policy. The internet seems to think it's worthwhile but we think it's a pretty low risk transaction (1990 home, original owners, no renovations)...

1250$ for title insurance? Why so much?

We paid 200$ (townhouse)

Title insurance is useless, until someone decides they own your home, then you end up spending way more with lawyers and bullshit "getting it back".
Havent heard of anyone locally going through it, mostly in USA tho.

The payment just didn't go through, but the ordeal lasted a whole week -- from one Friday all the way until the following Friday. During that time, my available credit limit for my CT MC account has been completely taken up, so there wasn't any meaningful room remaining for me to use the card.

I had also called in twice during that time. During the first call, I was just assured that the speed of the processing seemed normal, and that I should check back later. Another 2 - 3 days passed, and I made the 2nd call. The agent at the other end told me about the bill payment failures (across their whole system), and that I should check again on the following day.

I can't speak to costs but it title fraud is pretty serious and rampant in the GTA.

Damn ... I heard that in GTA everything gets stolen but deeds and titles ??!!

Drivers be putting these bollards in to prevent cars being stolen right from their driveways! I actually had a relative whose car was stolen from their driveway, wasn't even anything particularly nice, just an Audi Q3!

https://www.youtube.com/shorts/-m6J4ew367Y

It's rough out here!

come back to 604 and be true to your RS name!

How much longer before you finish your MBA program? York University?

I'm 6 months deep into an 18-month program. Program is through Royal Roads in Victoria.

Moving back is going to be tough for several reasons.
1. I would have nowhere to live. Housing is too expensive.
2. I would need to find a job.

I also don't have any real motivations to move back to Vancouver. I also have no employable skills. Home Depot didn't even want to interview me.

Badhobz has lots of extra rooms! I think he'd let you live with him just to shoot the breeze all day :lol.

He hates my guts.

Hobz seems like the kind of guy who would come into your room and teabag you in your sleep.

Oh man, that's annoying as eff. I would be so pissed. I missed the payment last year and had to pay a fine so now I always pay a month in advance now...so luckily I was spared from such an ordeal.

He wouldn't wait til you're asleep.

I'm not sure I want to ask how either of you know this.

$1,250 is extremely high for title insurance - lawyer or notary probably inflated the cost. Some lenders require it as a condition of financing.

When we bought our place we were sold sewer back up insurance, which in retrospect seems silly. We definitely bought title insurance.

I can't remember any of these costs though.

$300 for title insurance when we refinanced recently.

He can stay as long as he sits down to pee.

Might still get tea bagged though. I got a lot of ooooohhhh looong sitting around.

For anyone renewing this year...

My window to renew my mortgage opened up this week and I hopped on a call with TD and got offered a 3.89% 3 year deal (vs their posted 4.34%). 3.89% is as low as I could find on Ratehub so I took the deal. I was at 5.37% and along with a bit of an adjustment on my amortisation it knocks a thousand bucks off my mortgage.

I heard from a friend who is also with TD that he was being offered 3.89% as well on a renewal (owing about 700k I think) so I'm guessing some banks are really fighting for the business right now and deals can be had.

What was 5 year?

No discount so 4.34%, only the 3 year term was on "sale". I'm guessing they want the short term cause they are betting on rates being slightly up in 3 years time (I'm betting I'll have paid my mortgage down substantially in 3 years).

So your play is to pay it down at that lower rate and than not worry about the renewal?

That is a fairly substantial difference between 3 and 5, must be just to stimulate renewals otherwise the difference seems too substantial