Why does that matter if everyone's change is relatively proportional? Taxes would be the same, no?

I used to live across the street at Uptown 1 :fullofwin:

Units there were going for $1000 / sq ft during peak stupid buying season.

Built without a 4th, 13th and 14th floors but mostly Latino migrants in it now :lol

All the high rises in that area are pieces of shit.

I guess if just that class of house is down but others stay the same then it could mean less tax for the class of home that is declining?

It's just an observation that the market is now well and truly in decline after a few years of higher interest rates and a slowing economy. Selfishly I don't want to see it but the reality is that it needs to happen since prices are so unaffordable.

City revenues are starting to see the hit - Vancouver just temporarily cut their development fees by 20% and are allowing 75% of the fees to be paid at occupancy while Burnaby had to lower their inclusionary zoning requirement to make condo development feasible. It's going to get worse as cities have been charging really high development fees that have been making new housing unprofitable.

Decline yes. Adjustment yes. Few years a of higher interest rates is meh... cause we did see a great 2-3 years of low interest rates during COVID. People never talk about the 40% increases.

Are prices affordable, in a way, I feel it's a correction. People did spend beyond their means and took it for granted. Unaffordable is defined differently for many. Who's ubering each day instead of taking the bus. Who's doing BBT on Skip every 2 days are the SAME people complaining while using a $100 phone plan with 100GB of data - "oh no.. Freedom sucks" (yet they are on wifi at home 80% of the time). I'm on the other hand saved $1000 end of year cause I moved form Rogers to virgin.

It's complaining about "I wnat to work from home"... shut the front door. It's been 2 years since COVID, it's getting back to normal. 100% work from home jobs are rare and almost like unicorns. You'll be lucky to be finding roles right now for a job.

No more 2 offers from 2 jobs and finding a job every month.

I see it as an adjustment.

This is lower than I expected for SFH in East Van. $1.29M which is 25% lower than the latest assessment and even lower than the last sold price in 2018.

https://www.zealty.ca/property/BC/Va...T-mls_R3063477

The 1 bathroom was probably the deal breaker for most.

https://dvvjkgh94f2v6.cloudfront.net.../83dcefb7.jpeg

what a piece of shit..... good price though?

i can basically smell the mould and greasy chinese cooking from my monitor

It still looks liveable...and yeah, good price and that's about it.

Did you shower recently? Maybe it's you that you're smelling.

thats rich coming from a guy who wears scrubs and is NOT a doctor.

Dementia kicking in. Halloween is over.

Yep, though I knew I was never getting assessment, the house is on a busy corner (honestly the left turn from E 29th Ave onto Joyce is one of the worst), the neighbouring properties are tenanted and a bit shabby, and it's only 3 BR/2 BA. I think at peak we might've got $1.55M at best.

Realistically the land would make sense for assembly in the future, but there's plenty of other SFH lots in between Joyce station and our house that can be developed first so it'd be some time.

Works great though!

Y'all should see the fridge I replaced... honestly worked just fine, and the guy who delivered our new fridge said the old fridge would probably outlast the one we were replacing it with:

https://cdnparap130.paragonrels.com/...62542849-6.JPG

https://dvvjkgh94f2v6.cloudfront.net.../4f5344cd.jpeg

Skiing ain't cheap, while it never was, lift tickets are getting fucking ridiculous now.

For swimming, I've been kicking around the idea of buying a wetsuit and do some winter ocean swimming at Jericho. I do distance swimming there and Third a lot in the summer, but never when it's cold.

Might be a new hobby.

Anyone here do any open ocean swimming in the winter?

I don't even ocean swim here in the summer, winter it's too cold and wet, summer it's still cold and red tide, ecoli

Old mechanical appliances are pretty DIY friendly and you can just replace what you need. I'm sure less people would replace these if their colours weren't so period specific.

Inglis for life.

For skiing you just have to plan ahead.
My Seymour pass was $460 and I go about 20x a season. Whistler for 3 day epic card was $360 instead of $330 for a SINGLE DAY. I'll likely do one day cat boarding for my birthday too which is about $500/day, but every time you go its the literal best day of your life.

Loved the Grouse Y2K pass !! You buy it near the end of the season, get that time and the next year ski/snowboard pass. Under 16 was so cheap, accompanying adult was very reasonable. Hypothetically of course, if I had kids.

Got my 5-day Epic pass for this year for Whistler.

Seymour man, I wish I could get into that mountain, I find it so damn boring. Feels like you spend more time sitting on the lift than actually skiing on that little mountain.

Depends on the time you go, and especially what you’re doing. It’s the best place to ride park by a long shot. When you’re hitting jumps and cliffs and side hits it’s so goddamn fun. Cruising it isn’t much to do though. I usually go Monday or Tuesday day time then an evening on the weekends. Both really chill times.

You're too old to be in the damn park, Westy.

Since this is the unofficial Personal Finance thread of RS now:

As you all know, I am on a lifelong quest to attain Private Banking*, so I can avoid walking into the filthy branch in person.
*without paying any fees

A general manager from the nearby CIBC branch contacted me the other day, telling me they'd like to offer me Imperial Service.

I pressed for details asking what's the difference btwn this and Private Banking, and she says "nono you don't want that, they'll charge you fees. you want this one: no fees!". She promised to turn my debit card black, and no more standing in a line.

The only catch? I have to come into the branch to talk to them.

Anyone know about this "Imperial Service"? Is it like, a Private Banking for poors? Is it realistically enough to solve my problem of needing to go in person for future transactions, like sending wire transfers and setting up direct deposits?? Seems too good to be true.

I think you nailed it.

CIBC Imperial Service is for affluent clients, but not necessarily ultra-high-net-worth individuals. The service focuses on comprehensive financial planning and everyday banking.

Its might be a good step in the right direction if private banking is in your goals.

Private banking is not so much money. They want to add asset under management.

The way I did it was go every bank and tell them that I want PB to consolidate my accounts and see what they can offer. I get my PB for a little money and covers accounts for the entire family. Overall I’m even saving money comparing to have fees attached to every account.

They will come up with a proposal, you go through every offering and see what you like the most. If you want, I can forward you to my contacts.

PB is usually like $1m + in assets at the bank to qualify, imperial service might just be some financial planning level shit for investments $150k or more. Even with $1m in assets they will charge you $100 a month, unless you have like $2-3m in mortgages with them or over $5m assets then it's waived.

With PB you don't really have to go into the bank, you call email your private banker and they get shit for you remotely, maybe deliver to you or you just go into PB office to sign, pick up. Don't need to see the poors at retail branch.