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11-15-2021, 12:38 PM
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#19676 | | I *heart* Revscene.net very Muchie
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TD has this as both my last/current variables had/have trigger rates. Its always based on your contract rate including if there's any interest discretion. So if example you have prime -1.05%
and the trigger is 5% then prime rate would need to be at 6.05% in order for your payments to change. I was also told there's also variable without trigger but banks would usually not choose that route
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11-15-2021, 01:03 PM
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#19677 | | Orgasm Donor & Alatar owned my ass twice!
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As a counterpoint to selling your apartment due to the kid coming, bear in mind that you don't necessarily need a lot of space because of the baby until they start to crawl around. You do need some space for baby stuff, but if my wife and I can do it in our 700 sq ft apartment back then, I think it shouldn't be too difficult in your 600 sq ft unit as well.
Mind you, having easy -- basically 24/7 lol -- access to grandparents to help with the baby is another thing to factor into your considerations. But there is always that fine line of the pros and cons of having the grandparents helping with your baby. Some stuff will be huge help. Other things will annoy you to no end. And that hasn't factored into whether your wife will get along well with your parents when you are living under the same roof. It's a totally different dynamics compared to just having your wife spend time together with your parents. And having the baby as an extra potential flash point could create bad tension when the parenting / child caring styles between the Mom and the grandparents are different. Quote:
Originally Posted by Euro7r  Thanks guys for the comments! Sounds like essentially I need to sell the place (my only principal residence) first (whether it's in a few months or >a year), then crash back at my parents crib to live and then buy a bigger place (safest option). I don't plan to rent my principal residence out or change the usage of it besides living it in for personal usage with fiancee currently.
It's really the part where if we decide to sell the presale we just took possession of in a few months or a year, and then buy a bigger home for change in family purposes (eg. Kids), will that trigger CRA attention due to the short time frame. I'm not trying to "skirt" the system or trying to hold multiple homes, just want to get an understanding what options I have for planning purposes. My current place is like 600sq ft and this development delayed 1.5 year completion due to Covid - the needs have changed now as now I head into family life where I need a bigger place. |
Last edited by Traum; 11-15-2021 at 10:17 PM.
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11-16-2021, 08:35 AM
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#19678 | | RS has made me the bitter person i am today!
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In the current market situation, would it be best to post a higher price and take an offer 1-3% less than asking or better off to post a fair price and wait for bidders?
Situation: Currently own a 1br 650 sq. ft condo in Kits. Neighboring unit recently (September 2021) sold their 640 sq. ft unit for $1202/sq ft. They asked for $1210 originally.
Would most realtor want me to list it at $1202 for a quick sale?
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11-16-2021, 09:45 AM
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#19679 | | I *heart* Revscene.net very Muchie
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Yes. Most realtors will want a quick sale. Posting a high price may deter potential buyers where as a fair price gets people in the door which you want. The buyer agent would try to get to that $1202/sf. Question to ask yourself is that number OK with you? What realistic number are you looking at? Listing high hopefully for a biter to take your list price or hoping for multiple offers if that doesn't happen how disappointed would you be? My brother did that listing his coquitlam TH a couple months back and he got 2 offers. Both with subjects both under his asking. He wasn't too happy at all but still sold
Last edited by 6thGear.; 11-16-2021 at 10:36 AM.
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11-16-2021, 11:56 AM
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#19680 | | Rs has made me the woman i am today!
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Price at $1202 market and try to get over ask? I'm not sure what the demand on an one bed in kits will be though.....  | |
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11-16-2021, 12:09 PM
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#19681 | | I *heart* Revscene.net very Muchie
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My thoughts the same but probably someone who REALLY wants to be in that area. Retiree or DINKS? Maybe investor to rent out specifically?
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11-16-2021, 12:21 PM
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#19682 | | Need to Seek Professional Help
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Originally Posted by bcedhk In the current market situation, would it be best to post a higher price and take an offer 1-3% less than asking or better off to post a fair price and wait for bidders?
Situation: Currently own a 1br 650 sq. ft condo in Kits. Neighboring unit recently (September 2021) sold their 640 sq. ft unit for $1202/sq ft. They asked for $1210 originally.
Would most realtor want me to list it at $1202 for a quick sale? | Check out zealty.ca. Your neighbour got under ask, but what was their # of days on market?
Then take a look at everything in your area (apples to apples or apples to oranges) that's sold in the last 2 months. You should be able to determine what your game plan should be, and what the end price should be too.
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11-16-2021, 03:23 PM
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#19683 | | in the butt
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Inventory as stated before, is at an all time low since the 1970s.
Does not matter if your unit is in victoria, hope, or kits. Theres buyers for all locations.
When i bought my condo, i looked at kits, viewed two old shitty 50 year old buildings/units, that were fairly priced, both had stacks of people there on both days. Both units oversold by about 10% (2017)
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
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11-16-2021, 03:34 PM
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#19684 | | I *heart* Revscene.net very Muchie
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You're comparing 2017 to 2021??
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11-16-2021, 05:45 PM
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#19685 | | RS.net, where our google ads make absolutely no sense!
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The difference between $1210/sq. ft. and $1202/sq. ft. on a 640 sq. ft. condo is just over $5K.
That's practically a rounding error when it comes to a RE sale.
The pricing difference between $1210 and $1202 probably came down to psychological differences, e.g. $769K tends to "feel" disproportionately farther from $800K than $77_K, even though that difference is only $5K. $769K is "mid 700's" still - $775K isn't.
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11-17-2021, 11:58 AM
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#19686 | | I WANT MY 10 YEARS BACK FROM RS.net!
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250k Metro Vancouver/Fraser Valley residents live within 3ft of sea level
when’s the fire sale for units in river district?
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11-17-2021, 12:46 PM
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#19687 | | in the butt
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Dont worry, if the natural floods dont get you, the bursting infloor heating manifolds will
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
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11-17-2021, 02:39 PM
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#19688 | | RS has made me the bitter person i am today!
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Originally Posted by 6thGear. My thoughts the same but probably someone who REALLY wants to be in that area. Retiree or DINKS? Maybe investor to rent out specifically? | The cap rate for Kits is garbage if they're a cash flow investor that wanted it for renting lol 
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11-17-2021, 02:40 PM
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#19689 | | RS has made me the bitter person i am today!
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Originally Posted by twitchyzero 250k Metro Vancouver/Fraser Valley residents live within 3ft of sea level
when’s the fire sale for units in river district? | Did River District flood at all?
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11-17-2021, 02:46 PM
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#19690 | | I contribute to threads in the offtopic forum
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Originally Posted by donk. Dont worry, if the natural floods dont get you, the bursting infloor heating manifolds will | Aware those that aren't in the HVAC field what the correlation is between in floor heating and floods?
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11-17-2021, 03:21 PM
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#19691 | | Rs has made me the woman i am today!
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Originally Posted by Gerbs Did River District flood at all? | No. Only the construction areas where there is no drainage, it just filled up like a big pool (this is expected and normal).
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11-17-2021, 03:28 PM
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#19692 | | Rs has made me the woman i am today!
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Update back with the parking situation. Since last time I posted about emailing the developer, they put me on a waitlist for spot change. Told me there is one owner looking to switch as well as he didn't like his spot, it was a spot under the ramp where it goes from top level to bottom level. Essentially you can't back in and open the trunk if you had an SUV due to the incline. The spot is wide and my fiancee drives front in, so it became perfect, assuming the other owner willing to do a switch trade with mines.
Glimmer of hope since my spot isn't the best, and today the developer offered the spot to me (the owner released his spot available). I needed to pay $250 to do the legal documentation to switch. Saves me some grief having to go down to the parkade when my fiancee is home to park the car for her. It's a win in my books and glad it worked out.
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11-17-2021, 03:53 PM
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#19693 | | I *heart* Revscene.net very Muchie
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Originally Posted by Gerbs Did River District flood at all? | Nope. Surprisingly lol Quote:
Originally Posted by Euro7r Update back with the parking situation. Since last time I posted about emailing the developer, they put me on a waitlist for spot change. Told me there is one owner looking to switch as well as he didn't like his spot, it was a spot under the ramp where it goes from top level to bottom level. Essentially you can't back in and open the trunk if you had an SUV due to the incline. The spot is wide and my fiancee drives front in, so it became perfect, assuming the other owner willing to do a switch trade with mines.
Glimmer of hope since my spot isn't the best, and today the developer offered the spot to me (the owner released his spot available). I needed to pay $250 to do the legal documentation to switch. Saves me some grief having to go down to the parkade when my fiancee is home to park the car for her. It's a win in my books and glad it worked out. | Glad it worked out for you! Not sure why your realtor couldn't figure that out for you.  | |
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11-18-2021, 08:18 AM
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#19694 | | Pull Out Towing. Women rescued for free.
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Originally Posted by Alpine Check out zealty.ca. Your neighbour got under ask, but what was their # of days on market?
Then take a look at everything in your area (apples to apples or apples to oranges) that's sold in the last 2 months. You should be able to determine what your game plan should be, and what the end price should be too. | Yup, I always don't look at asking price.
Compare it to recently sold.
I bought my house in July and a similar house, slightly smaller lot but bigger inside sq ft just sold for $250K more than I bought my place. 7 days on the market.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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11-18-2021, 08:58 AM
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#19695 | | Willing to sell body for a few minutes on RS
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Originally Posted by 6thGear. Nope. Surprisingly lol
Glad it worked out for you! Not sure why your realtor couldn't figure that out for you. | Easy answer is they already received their commission and no fucks given.
__________________
“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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11-18-2021, 10:41 AM
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#19696 | | Rs has made me the woman i am today!
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Originally Posted by quasi Easy answer is they already received their commission and no fucks given. | I've known my RE agent for a couple years (good person no doubt); although I do feel like, "if I don't ask, she won't take action". She won't proactively do it, which is why I felt like I ended up in this weird parking situation.
I asked if we could request spots and she said developers don't allow requests and that bigger spots are typically given to bigger units. I had to look after myself afterwards to bug the developer with emails to argue my case for a new spot.
This is my first time owning a place, there would be a lot of things I would missed or not have known.
Now I'm debating if I should find a new RE agent when I do plan to sell the condo down the road.
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11-18-2021, 10:53 AM
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#19697 | | Pull Out Towing. Women rescued for free.
Join Date: Mar 2002 Location: Hongcouver
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Originally Posted by Euro7r I've known my RE agent for a couple years (good person no doubt); although I do feel like, "if I don't ask, she won't take action". She won't proactively do it, which is why I felt like I ended up in this weird parking situation.
I asked if we could request spots and she said developers don't allow requests and that bigger spots are typically given to bigger units. I had to look after myself afterwards to bug the developer with emails to argue my case for a new spot.
This is my first time owning a place, there would be a lot of things I would missed or not have known.
Now I'm debating if I should find a new RE agent when I do plan to sell the condo down the road. | I would cause it sounds like she isn't going the extra mile for you.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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11-18-2021, 12:06 PM
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#19698 | | in the butt
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Originally Posted by SSM_DC5 Aware those that aren't in the HVAC field what the correlation is between in floor heating and floods? | A bunch of those newer buildings in river district, have faulty manifolds.
We have repaired 9 units, in a single building, in the last 2 weeks. The entire building is going to need to eventually replace every manifold. Strata is spinning their wheels
Correlation is, when the flow meter on the manifold bursts, the unit / units below / beside have 50psi of water gushing out until someone notices it
In other words flood 
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
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Last edited by donk.; 11-18-2021 at 12:13 PM.
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11-18-2021, 01:08 PM
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#19699 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
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Originally Posted by donk. A bunch of those newer buildings in river district, have faulty manifolds.
We have repaired 9 units, in a single building, in the last 2 weeks. The entire building is going to need to eventually replace every manifold. Strata is spinning their wheels
Correlation is, when the flow meter on the manifold bursts, the unit / units below / beside have 50psi of water gushing out until someone notices it
In other words flood | These the Avalon developments by the Save-on-foods side that have issues?
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11-18-2021, 01:27 PM
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#19700 | | Rs has made me the woman i am today!
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Originally Posted by donk. A bunch of those newer buildings in river district, have faulty manifolds.
We have repaired 9 units, in a single building, in the last 2 weeks. The entire building is going to need to eventually replace every manifold. Strata is spinning their wheels
Correlation is, when the flow meter on the manifold bursts, the unit / units below / beside have 50psi of water gushing out until someone notices it
In other words flood | There's a few developers in the River District, which buildings have the problems?
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