housing

...and some first home buyers are certainly eating it up with a bit more activity at open homes. In saying so I'm not seeing much of that eventuate in increasing sales/prices. https://fb.watch/kUdoRRfppd/...

In recent years we have heard of many instances of builders demanding extra money from the purchases of preconstruction residential properties, in many cases the options were to pay thousands of dollars or to terminate the contract. This may not be that easy going forward, in the case of...

I am 30 year old, 2 year married. We both work and earn around 2 lakh a month after tax. We bought a house last year and it's been 13 months since, the house was worth 44 lakh, and we took a loan for 28.8 lakh, the loan was for 20 years, with monthly emi around 24 k with 7.5% interest rate. In...

Interested in what people are thinking when it comes to choosing a floating interest rate or fixing for a period?

27, no debt, car, mortgage. My net worth is around 165k 137k in Nasdaq and S&P 500 ETFs. TFSA and FHSA contributions maxed out 12k in bonds The rest in cash, haven’t checked my RRSP amount but company matches upto 4% I expect to save 90-100k after expenses this year, which should give me...

Hi Guys, which one do you think makes most sense, I really can not decide, on one side, I do not see them raising Prime much higher than what it is today! (7.2) on another I also don't see them lowering it anytime soon! but the difference is so close (5yr Vr P-0.8=6.40%) OR (3yr Fix 6.05%) can...

I live with my elderly father in Prince George bc as I take care of him and my 2 dogs. It is very hard to find pet friendly places up here. As there are 33 places available on kijiji right now that are pet friendly in a town of 85k people. We have told him for months that we wanted to stay here...

ONTARIO This is only my second term so I’ve never encountered this & I don’t understand it. Got a mortgage with bank X in 2019. It’s a smaller bank. Used a broker, B. Happy enough with the broker B & bank X. (Regret not switching from variable to fixed in mid 2022, but who doesn’t.) We’re...

Just to have a general idea

I'll be in NZ for 6 weeks in Jan/Feb 2024 with my family. Renting a van will cost $3500 USD. Could I buy a van, drive it around, and then sell it (in Auckland)? How could I best pay for it (Paypal or other similar?) Or, is there any private rental system like Turo (i.e. pay a private party to...

This is probably a dumb question for whatever reason but figured I’d ask it on here. The 5% results in some meaningful savings. I feel like interests rates aren’t coming down that much in the near future. It’s a 5 year term. Interested in informed opinions. I know there is no crystal ball.

I own a condo in Vancouver (where I’m currently living) but I plan to move to Toronto in the near future. The condo is paid off. I’ve got about 10k in savings. No debt. Own a paid off 2021 suv. 33M, single, no kids. My place in Vancouver will likely sell for around 830k. I’m looking to live...

After nearly six years in our current home, my wife and I decided early in 2017 to sell and buy a bigger place. I went online looking for PF posts from people who had shared their experience of buying and selling simultaneously, or other blogs or resource discussing the process and economics of...

Grew up under immigrant parents who knew nothing about money or finances. The one parent who I do live with is around 200k in debt but I am not close enough to them or willing to help out. I graduated from UofT last year (studied both the arts and the sciences) and moved back to my hometown...

A few years ago there was a Canadian portfolio manager who put out a video discussing the actual unrecoverable costs of buying, accounting for generally ignored costs such as opportunity cost, maintenance costs and cost of capital. This was entitled "The 5% rule", and assumed that the mortgage...

Please help. I'm really confused on what to do. My mortgage needs to be renewed this week and I am being offered a 2.89 fixed or 2.60 variable. I had thought variable would be the way to go, until the last few months when prime rate increased and looks like it will continue to rise. You think...

REINZ has just released its monthly report. I think the shrinking sales volume has modified the current decline in house prices. I also continue to update my forecasting model （household cash flow) , assuming that in the next 4 months (December - next March): 1) If interest rates continue to...

Hi Everyone, Me and my wife are looking to purchase our first house in the Metro Vancouver area. Initially, we looked at certain townhouses in the far suburbs i.e. Abbotsford, Chilliwack because that was what in our budget i.e. wanted 3 bed for around 500-550k. We researched a lot and picked a...

Hey everyone, I am a 30 yo male living with my partner in Auckland. Our combined household income is $150k p.a. I am currently renting a 3 bed. house for ~$600 p.w. ($2400 per month) - I do not own a home in NZ. I have a deposit of approx. $350k saved up so far - enough to afford the median...

Context: we’re both 28 in Toronto, been dating over a year. He makes 80k/year and is currently paying ~1.3k/mo in rent. He’s talked for a bit about buying a van to live in, then committed to doing it with a friend of ours about a month ago, starting next year. Now, he’s saying he wants to buy...