Vancouver's Real Estate Market

[AstulzerRZD]

Originally Posted by Gumby

Grade inflation is real. Tons of people with a 90+ average, but they all get a rude awakening after first year university.

Waterloo started tracking 1st year GPA to adjust submitted averages.
Some real shit schools get -20 adjustment, some better schools are like -5.

https://github.com/jdabtieu/Waterloo-Adjustment-Factors

[supafamous]

https://www.ctvnews.ca/canada/articl...re-bmo-survey/

We're way off topic from real estate but to close the loop on saving...

Average BC resident says they need $2.2m (you totally do not BTW) to retire yet only 12% save more than $1000/mo.

For reference to have $2.2m by age 65 you need to save $1250/months starting at age 25 - $1250/mo is 15% income of someone making $100k/yr.

Good retirement calculators:
- CRA: https://www.canada.ca/en/services/be...alculator.html
- Wealthsimple: https://www.wealthsimple.com/en-ca/t...ent-calculator

[JDMDreams]

It's not unreasonable at $1000 month, 10% annual avg, 30y starting from $0 you still end up with $2,062,843.31 your contribution is only $360,000.00. so even if you start at 30 you can retire by 60 don't forget there's cpp and oas. Gis if you do it Asian way. It's not even high risk just do S&p index, and I doubt you need $2m liquid, you're probably spending like $7-8000 a month to live comfortably even with a small mtg left. Or just go to Asia you probably can live better than here for sure on $4000 a month.

[Traum]

So here is my back of the napkin math retirement savings calculations:

retirement age: 60
dying age: 85

years alive = 85 - 60 = 25 years
months alive = 25 x 12 = 300 months

total amount of money needed if monthly spending is:
$3k -- $3k x 300 months = $900k
$4k -- $4k x 300 months = $1.2M
$5k -- $5k x 300 months = $1.5M

Conclusion -- I can't afford to live to 85, so I'll need to die sooner. Fxxk this fitness and health shxt.

[bcrdukes]

It's time to consider an annuity, folks.