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Oh man I remember once in Calgary I had to wait for an entire red light cycle to go through a light and I was furious. I've never been to Toronto but it doesn't sound very nice.
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# ? Jan 28, 2015 02:22 |
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# ? Jun 8, 2024 07:03 |
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I poo poo you not, I just passed two remax guys on Commercial drive handing out pamphlets and telling this one couple "if you haven't bought a house yet you pretty much have no choice at these rates!"
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# ? Jan 28, 2015 02:26 |
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Did you punch them out
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# ? Jan 28, 2015 03:02 |
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low rates make a high price affordable
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# ? Jan 28, 2015 03:05 |
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Oh yea. Two hours in a car every day. That's just what I want. Horseshit.
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# ? Jan 28, 2015 03:47 |
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Rime posted:My e-series have been lovely, though, barely making anything off them. Lost on the Canadian and International ones, in fact. When I first got my e-series account I was stuck in +/- 2% mode for a couple of months before things picked up. The value would waffle around and make it supremely agonizing, especially since this was when I checked it every day because I was *so loving excited* to actually be doing something. Now I only log in when I have to place buy orders. I feel your pain about the Canadian fund. I bought that one in my RRSP account five months ago and it just *now* went positive again. The DJIA being up a poo poo-ton helped make up for it though.
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# ? Jan 28, 2015 04:56 |
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http://www.theglobeandmail.com/report-on-business/rbc-is-first-to-cut-mortgage-rates-as-bond-yields-plunge/article22639128/quote:Canada’s major banks are heading into a renewed mortgage price war in the wake of the Bank of Canada’s surprise decision to cut interest rates. y'all motherfuckers knew this was coming BUY BUY BUY
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# ? Jan 28, 2015 05:19 |
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i wouldn't call a .15 to .2 cut a slashing or price war following a .25 cut to the overnight rate. Sounds like caution to me.ductonius posted:When I first got my e-series account I was stuck in +/- 2% mode for a couple of months before things picked up. The value would waffle around and make it supremely agonizing, especially since this was when I checked it every day because I was *so loving excited* to actually be doing something. Now I only log in when I have to place buy orders.
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# ? Jan 28, 2015 05:27 |
Rime posted:I can't wait for condopocalypse in about twenty years, and that's being optimistic. Our construction quality is basically a cargo-cult across the board these days. A condo tower went up a block away (a metal and glass monstrosity that decided that GOLDENROD AND BABY BLUE was entirely appropriate for a color theme) that has the worst fit and finish of any new building I have seen. And I bet the floor plans are tiny to boot.
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# ? Jan 28, 2015 05:44 |
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Bilirubin posted:A condo tower went up a block away (a metal and glass monstrosity that decided that GOLDENROD AND BABY BLUE was entirely appropriate for a color theme) that has the worst fit and finish of any new building I have seen. And I bet the floor plans are tiny to boot.
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# ? Jan 28, 2015 05:47 |
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# ? Jan 28, 2015 05:51 |
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investing in canadian stocks makes sense:
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# ? Jan 28, 2015 05:52 |
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Baronjutter posted:Often it's the only areas where people can afford a house, or it's where they can afford the biggest house. For the same money you can buy a tiny condo downtown, a lovely condo at the edge of town, a run-down house in a nice neighbourhood, or a huge recently built McMansion in a sparkling new up-and-coming new community! That's not true in Winnipeg. In Winnipeg there are plenty of decent sized houses in good middle class neighborhoods that are like 15-20 minutes from downtown by transit. I think the allure of the new neighborhoods in the south is being as far away from non-whites and blue collar workers as possible.
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# ? Jan 28, 2015 06:19 |
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And as close to the city dump as possible. So many seagulls!
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# ? Jan 28, 2015 06:23 |
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cowofwar posted:If you have 10-40% in canadian bond funds then you really shouldn't carry any canadian index funds. Just lump it in to an international fund with some or no canadian exposure. Care to elaborate on this a bit more? Are you talking corporate or government bonds?
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# ? Jan 28, 2015 06:33 |
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^: Say you target a 25% Canadian weight to your portfolio normally. If you decide to hold that weighting in fixed income, you don't want to over weight by also buying Canadian equities. (At least I am assuming what he means.)Coxswain Balls posted:And as close to the city dump as possible. So many seagulls! Life's a zero sum game so that's just the price you gotta pay. ocrumsprug fucked around with this message at 06:39 on Jan 28, 2015 |
# ? Jan 28, 2015 06:33 |
OK that is shittier but 1) its unfinished 2) its been unfinished for 20 years and 3) its unfinished for 20 years in Caracas so I guess I'm missing your point (unless its your prediction for what downtown Vancouver is going to look like)?
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# ? Jan 28, 2015 06:35 |
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Bilirubin posted:OK that is shittier but 1) its unfinished 2) its been unfinished for 20 years and 3) its unfinished for 20 years in Caracas so I guess I'm missing your point (unless its your prediction for what downtown Vancouver is going to look like)? Well it's what happened during the 80s condo boom, the city even had to spend piles of money knocking down half-finished eye sores. To quote a hit TV show that was filmed in BC, "All this has happened before, all this will happen again"
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# ? Jan 28, 2015 06:39 |
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That is Yaletown in the future, yes.
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# ? Jan 28, 2015 06:41 |
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Coxswain Balls posted:And as close to the city dump as possible. So many seagulls! Hey, man, don't you go knocking the street I want to build a house on in the new development that's going to end up on that landfill. The street will be Seagull Bay, which will be off of Shithawk Bay, at the corner of "How The gently caress Is A Bus Supposed To Get Through Here Why Is Public Transportation So lovely? Court and "Jesus Christ The Entire Neighbourhood Is Trying To Get Through This Same Four Way Intersection During Rush Hour!" Avenue
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# ? Jan 28, 2015 06:42 |
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http://ftalphaville.ft.com/2015/01/27/2102452/bank-of-canada-rate-cut-necessary-as-pre-emptive-strike/quote:In this guest post, Alex Bellefleur, global macro strategist at Pavilion Global Markets, writes that the Bank of Canada was prudent to loosen monetary policy in response to the decline in oil prices. quote:As we have seen in the U.S. and Europe, an economy can become mired in a liquidity trap when households focus almost exclusively on minimizing debt burdens. Initially, the central bank responds by cutting rates aggressively in order to ease the pain on the deleveraging household sector. This seems to be what the BOC is doing at the moment, pre-emptively, as it would be difficult for the BOC to argue that Canada is somehow different and completely immune to deleveraging pressures following an income/asset price shock. quote:Canadian provinces, which are responsible for health care and education spending, are all dealing with budget pressures. The federal government has also vowed to attain a balanced budget. If fiscal austerity hurt in the U.S. and Europe, it is difficult to see how Canada could remain immune. This is another reason why the rate cut looks appropriate at this juncture. quote:Another indication of the competitiveness problem is Canada’s current account deficit ex-energy, which remains around 6% of GDP despite the currency depreciation of the past few years: quote:
tl;dr the boc had to cut overnight rates because all you motherfuckers are too deep in loving debt and this country is looking into a loving abyss of a liquidity trap The solution is for the motherfucking idiots harper and oliver to stop trying to balance the loving budget
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# ? Jan 28, 2015 07:31 |
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Cultural Imperial posted:The solution is for the motherfucking idiots harper and oliver to stop trying to balance the loving budget They're gonna balance it as hard as they can until October 18, then on losing the election they'll spend the next 4 years pinning the disaster on the new government starting on the day they step into office. If they manage re-election they'll keep rates low until everybody in Alberta can do their best to escape, then open the blood gates.
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# ? Jan 28, 2015 07:53 |
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Signs that the Toronto condo market is cracking, and another warning not to sink 40k into pre-construction in 2011 for a "2015 project". http://www.thestar.com/business/real_estate/2015/01/27/builder-quietly-cancels-condo-complex.html
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# ? Jan 28, 2015 14:14 |
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Jesus, this article is awful. They cite a survey by the loving National Association of Home Builders, of 1,500 people born after 1977 (ie not Millenials), who have bought or plan to buy a house within 3 years of the survey. The journalist considers that maybe this survey has poo poo data, but don't you worry: the NAHB survey which indicates 66% of "millenials" want to live in the suburbs is corroborated by a survey from the Demand Institute which indicates nearly half of the millenials surveyed want to live in the suburbs. 66% = Nearly Half. Thanks, journalist! edit: National Association of Home Builders edit2: oh god it gets worse. So the survey from NAHB shows only 10% of respondents want to live in cities, and the DI survey shows 38% of respondents want to live in cities. Somehow, through the power of Journalist Math, these surveys provide conclusive evidence for the journalist's opinion. Journalists are loving retarded. Grand Theft Autobot fucked around with this message at 15:05 on Jan 28, 2015 |
# ? Jan 28, 2015 14:41 |
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This massive condo development in Toronto was just cancelled and is - get this - being replanned as rental apartments: http://www.thestar.com/business/real_estate/2015/01/27/builder-quietly-cancels-condo-complex.html According to the developers, people want to pay for actually well managed rental apartments, instead of renting a condo from a shady overseas landlord. Who would have thought? Remember when real estate developers were all crowing about how no new rentals would ever be built without condos? What a load of horse poo poo.
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# ? Jan 28, 2015 16:24 |
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RBC posted:This massive condo development in Toronto was just cancelled and is - get this - being replanned as rental apartments: http://www.thestar.com/business/real_estate/2015/01/27/builder-quietly-cancels-condo-complex.html hahahahaha, right near my home and work. It's been a hole in the ground for over 2 years now. itshappening.gif. Edit: OMFG, hilarious: that article posted:Under the terms of a mutual release and termination agreement that Urbancorp sent to condo buyer Wilk this week, he’ll be repaid $41,085. that’s just $1,085 for three years of interest on his $40,000 deposit. everyone's parents/coworkers/friends posted:real estate is a great investment peter banana fucked around with this message at 16:35 on Jan 28, 2015 |
# ? Jan 28, 2015 16:32 |
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Oh this is fantastic news. Rental apartments by necessity are higher quality so they don't fall apart in two decades and lose tons of money for the owners.
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# ? Jan 28, 2015 16:36 |
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RBC posted:According to the developers, people want to pay for actually well managed rental apartments, instead of renting a condo from a shady overseas landlord. Who would have thought? "Well-managed" is the important bit. All things being equal, I'd take a corporate landlord over a person, but in Calgary the only corporate landlord I've dealt with was a shady piece of poo poo who tried to gently caress me out of what I was guaranteed was a refundable deposit, that I put down on behalf of a friend because it was right after the big flood and vacancy was so low that it could not have waited even another hour. I stopped payment on the cheque and informed them of such, so I was only out the stop payment fee, but my buddy was a bit freaked out. They lied to him outright and then backtracked faster than I would've believed possible when I phoned them myself. On the other hand, the corporate landlord I dealt with in Montreal for three years was very good -- the building was in good nick, had nice amenities, and they never hosed with me.
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# ? Jan 28, 2015 16:37 |
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peter banana posted:hahahahaha, right near my home and work. It's been a hole in the ground for over 2 years now. itshappening.gif. if you really want a laugh read the urbantoronto thread: http://urbantoronto.ca/forum/showthread.php/18032-Kingsclub-Condos(1100-King-W-UrbanCorp-First-Capital-18-14-12s-Tact)/page5 which is full of the typical spoiled UT condo purchasers whining about losing money
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# ? Jan 28, 2015 16:53 |
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RBC posted:if you really want a laugh read the urbantoronto thread: http://urbantoronto.ca/forum/showthread.php/18032-Kingsclub-Condos(1100-King-W-UrbanCorp-First-Capital-18-14-12s-Tact)/page5 choice, choice complaints there: neuhaus Senior UT Member posted:I always knew Urbancorp is a very bad developer -- this really puts them at the bottom of the barrel. If only there were some way to not buy a condo you haven't seen yet!
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# ? Jan 28, 2015 17:03 |
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Lmao
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# ? Jan 28, 2015 17:18 |
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Hey thread, I don't participate because I'm not smart enough but consider this my gift to give a little back to a thread that has entertained and educated me. http://toronto.craigslist.ca/tor/apa/4865105002.html The facebook thread I found this in is full of west-enders detailing the neighbourhood as some kind of defense for a bathless one bedroom.
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# ? Jan 28, 2015 17:21 |
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My sister's townhouse complex apparently won't have garbage pickup until the complex is 2/3rds occupied--it is at 1/3rd now. At the moment they have to use a giant construction dumpster for all refuse. I have to wonder how many complexes will be stuck like this.
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# ? Jan 28, 2015 17:23 |
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I'm still lolling at this video linked from the ut kingsclub thread. How stupid do you have to be to buy something like this? https://www.youtube.com/watch?v=o72fK8XXkQg
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# ? Jan 28, 2015 17:26 |
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Zigmidge posted:Hey thread, I don't participate because I'm not smart enough but consider this my gift to give a little back to a thread that has entertained and educated me. Wow, do you really need both a Guarantor letter and a credit report to get an apartment these days?
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# ? Jan 28, 2015 17:30 |
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Zigmidge posted:Hey thread, I don't participate because I'm not smart enough but consider this my gift to give a little back to a thread that has entertained and educated me. ? There's clearly a bathroom in those photos. That's a pretty nice place at a typical price.
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# ? Jan 28, 2015 17:32 |
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OSI bean dip posted:My sister's townhouse complex apparently won't have garbage pickup until the complex is 2/3rds occupied--it is at 1/3rd now. At the moment they have to use a giant construction dumpster for all refuse. I have to wonder how many complexes will be stuck like this. Honestly, that sounds better than having a specific garbage day. I've gotten so used to just throwing my garbage out whenever the gently caress I want (or need to, because it has fish or meat scraps in it) that I really dislike the idea of having a specific "garbage day" where all my garbage is taken away.
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# ? Jan 28, 2015 17:33 |
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RBC posted:? There's clearly a bathroom in those photos. That's a pretty nice place at a typical price. Technically, there is no bath in those photos. There is a bathroom but it doesn't contain an actual tub. This is important, because some people enjoy bathing by slowly stewing in their own filth and using a whole bunch more water than a simple shower.
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# ? Jan 28, 2015 17:36 |
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Zigmidge posted:Hey thread, I don't participate because I'm not smart enough but consider this my gift to give a little back to a thread that has entertained and educated me. Shower stalls are pretty common downtown. Even in larger bathrooms because of money. It's pricey, and the immediate neighbourhood isn't amazing, but Little Italy and Roncesvalles are about a 15 minute walk and streetcars on College and Dundas. Oh god, it's gotten so bad, I'm defending $1800 one bedrooms.
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# ? Jan 28, 2015 17:37 |
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# ? Jun 8, 2024 07:03 |
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RBC posted:? There's clearly a bathroom in those photos. That's a pretty nice place at a typical price.
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# ? Jan 28, 2015 17:38 |