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Old 07-04-2025, 08:52 PM   #35426
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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
Yeah, depending on the rate at renewal I will be able to pay it down a lot or even pay it off. Odds our I won't pay it down (invest it instead) but I like the optionality to be mortgage free in 3 years.
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Old 07-04-2025, 09:27 PM   #35427
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i think 3.89 3 yr for renewal is the going rate, my brother in law got the same offer at rbc renewal.
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Old 07-05-2025, 10:54 AM   #35428
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I went variable, and gave up on paying extra, at ~4ish% I rather invest the lump sum payments as I think the market can beat that. + I'm pretty certain there will be more cuts cuz Canada ain't doing shit.

Inflation will pay for the % + property appreciation, I rather grow net worth.
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Old 07-05-2025, 12:00 PM   #35429
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Anyone renewed their home insurance recently?

My policy with MAX insurance is up for renewal in August.. I’m tempted to go back to BCAA with this policy and see if they can get close. The inevitable headache with BCAA is that if they jack it up next year I’ve gotta leave again..
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Old 07-05-2025, 12:35 PM   #35430
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Yeah ours went up 8%.
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Old 07-05-2025, 10:21 PM   #35431
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Mine went up by ~9%. I was expecting an increase, but I wasn't expecting a 9% increase.
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Old 07-06-2025, 09:22 AM   #35432
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We switched to Family last year, this year when we renewed it went up by like 10%. Still beating Wawanesa when they wanted $4k despite being a long term customer with no claims.
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Old 07-06-2025, 09:28 PM   #35433
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WTF is going on here? Old house is connected to the new house



Street view:
https://www.google.com/maps/@49.2708...oASAFQAw%3D%3D

Listed for $7.8m
https://www.zealty.ca/mls-R2951904/4...VE-Burnaby-BC/
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Old 07-06-2025, 09:54 PM   #35434
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How, it only lists as 2500sq and it's assessed at like $2.8
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Old 07-06-2025, 10:00 PM   #35435
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Quote:
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WTF is going on here? Old house is connected to the new house

Street view:
https://www.google.com/maps/@49.2708...oASAFQAw%3D%3D

Listed for $7.8m
https://www.zealty.ca/mls-R2951904/4...VE-Burnaby-BC/
https://www.google.com/maps/@49.2706...oASAFQAw%3D%3D

The view from the backside makes it even more obvious they're connected.
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Old 07-06-2025, 10:03 PM   #35436
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Originally Posted by Harvey Specter View Post
WTF is going on here? Old house is connected to the new house

Street view:
https://www.google.com/maps/@49.2708...oASAFQAw%3D%3D

Listed for $7.8m
https://www.zealty.ca/mls-R2951904/4...VE-Burnaby-BC/
Super weird. BC Assessment has this note on it: "Property has more than one structure; Property Details are for main building only" and the assessed value is only $3m so it sounds like the rear house isn't technically part of the old house even if the pictures show that it's attached.

I'm reasonably knowledgeable about Burnaby zoning rules and I have no idea where this one fits.
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Old 07-06-2025, 10:15 PM   #35437
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Burnaby.ca shows it was added in 2021. I'm guessing they applied to build to the maximum FSR allowed with that add on?
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Old 07-06-2025, 11:46 PM   #35438
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Why do people do things like that? Did they not think “hey, this looks stupid” at any point?
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Old 07-06-2025, 11:59 PM   #35439
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If I was the owner doing the addition, I would have done everything I can to ensure that the style of the newly built section to follow the stylistic design as the existing structure as much as possible so that everything looks as seamless as it can be.

I understand that building code and such have changed, so it may in fact be impossible to accurately replicate the existing structure's style. But still, the home owner isn't even trying here.

Just baffles my mind...
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Old 07-07-2025, 06:21 AM   #35440
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7.8million dollars!!! hahahahah what a fucking joke. you can buy vancouver west for that, you can buy southland for that, you can buy british properties for that.

are you kidding me!??!?! 7.8mil for 2 retarded houses on a ugly corner lot in BURNABY, in this ultra shitty RE market.

give me a break. Assessment is retarded, price is retarded, realtor is retarded, owner/builder is the most retarded one of all.
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Old 07-07-2025, 06:56 AM   #35441
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Pretty simple.. was built for 20 people to live there without having to pay to build a larger home/second structure
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Old 07-07-2025, 08:27 AM   #35442
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not sure if it's true, it's considered an add on so it bypasses a lot of permits?
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Old 07-07-2025, 08:36 AM   #35443
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7.8 million because money laundering
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Old 07-07-2025, 08:54 AM   #35444
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Why buy 1 dump for 2 million when you can buy a double sized dump for 7.8 million? I guess?
You could literally buy an architecturally significant home with ocean view in west van for less than that lol.
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Westopher is correct.
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seems like you got a dick up your ass well..get that checked
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Well.. I’d hate to be the first to say it, but Westopher is correct.
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Old 07-07-2025, 08:55 AM   #35445
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How many buddies can you house in that 'mansion'?
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Old 07-07-2025, 09:07 AM   #35446
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How many 2016 charger R/Ts can you park there?
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seems like you got a dick up your ass well..get that checked
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Well.. I’d hate to be the first to say it, but Westopher is correct.
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Old 07-07-2025, 11:03 AM   #35447
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Burnaby.ca shows it was added in 2021. I'm guessing they applied to build to the maximum FSR allowed with that add on?
It's odd as Burnaby only allows accessory buildings to be about 600sf large and the way BC Assessment sees this second house is that it's not the principal building and is an accessory building. Yet it's clearly a few thousand sf and is attached to the principal building so somehow Burnaby allowed it as extension of the existing house yet BC Assessment doesn't see it that way.
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Old 07-07-2025, 07:35 PM   #35448
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When I used to live around that are, I would always pass by that abomination of a house, if you could even call it that.

It seemed to be occupied by old school mainlanders that used every inch of their front yardage as a garden. With pvc piping and all that. How the city approved the design of that addition is a head scratcher since it was recently added. Definitely after or during the pandemic.
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Old 07-07-2025, 07:38 PM   #35449
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Old 07-07-2025, 08:52 PM   #35450
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This house is listed as a rental a block down for $11K/month. It’s a nice place, but $11K for Brentwood seems very steep...



https://www.vancouverrentalgroup.ca/...Burnaby-North/
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