I hope you're not using the same agent that couldn't figure out your parking stall swap.

I'd call it nitpicking really. Most buyers and I'd say most people in GVRD have the worst negative outlook/jaded on everything. Just look at most comments on RS. With my Open House's I've had, I'd say 95% of groups will say to my face either in english or Chinese (they assume I won't understand) listing price too high/too low, wrong orientation, parking stall is a tad too small/don't like the stall number etc, etc. It's not to say they're trying to price leverage but most just don't have anything positive to say in general.

Most people won't read, both buyers and their agents.

Not sure why you guys getting upset about some comments. Biggest purchase of your life. Your allowed to not like the fact the light is 3 inches too far right from the toilet seat.

Buyers realtor

I posted the unit FSBO, and will never go FSBO again in a large city

yes this is so true. i think i spent more time test driving a corolla than in these open houses where they want you to make an offer right away.

OHHH YOU SAW IT FOR 10 minutes!??!? isnt it perfect? you should offer right away because there is also 10 other groups willing to offer. :heckno:FeelsBadMan

^^ well duh I doubt there's 10 other people fighting for your LC Corolla :troll::joy:

actually you be surprised. on the LC-ratrolla forums, there's a ton of people wait listed for them.. cant even put in orders it seems. Orders themselves are taking over 1+ years to fill and people just gave up.

I looked on craigs and there isnt even any LC for sale locally. Last one i saw was a 2021 vert and the fooker wanted 160k for it. It did sold though. Regency also called me asking if i was still "enjoying" the car and hinted that if i wasnt they would love to buy it back hahah.

Make sure the unit above doesn't have grandchildren visiting either

https://dailyhive.com/canada/homeown...laying-jumping

A homeowner’s claim that a neighbour’s visiting grandchild was not permitted to run, jump, and play according to strata rules, was dismissed.

On Thursday, December 1, the BC Civil Resolution Tribunal ruled that Martin J. Donatelli’s claim against his strata was thrown out.

Donatelli lives in a four-storey building with 55 residential strata lots in unit 315. He claims that his upstairs neighbours in unit 415 “repeatedly breached a strata noise bylaw by permitting their visiting young grandchild to run, play, and jump in their strata lot.”

According to Donatelli, his strata refused to enforce the bylaw and asked for thousands in damages – $1,050 for his time spent on the matter, $1,800 for “unnecessary stress and suffering,” and additional damages for noise incidents that happened after he filed his dispute application.

But the strata and the tribunal didn’t see it from Donatelli’s perspective.

Even though the bylaw says “running, playing, jumping and other activities likely to disturb other residents is not permitted in strata lots, hallways, or stairwells,” the strata says it’s supposed to read broadly.

“The strata argues that if the bylaw were applied literally, any child visiting the strata would surely violate the bylaw…this would be an illogical, absurd interpretation of bylaw,” reads the tribunal decision.

But Donatelli says that kids can visit…if they don’t run, play, or jump.

Unfortunately for him, the tribunal sided with the strata.

“I agree with the strata that it would be absurd to impose a literal interpretation of bylaw… because on its face, the wording of the bylaw prohibits all forms of “playing” in strata lots. This would mean that strata residents could not play card games, video games, or board games, or engage in any other form of play in their homes,” reads the decision.

The tribunal said that the strata reasonably met its duty to investigate the claims, but Donatelli failed to produce evidence that there was “objectively unreasonable interference with the use and enjoyment” of his unit.

So, play on, kids!

I think that grandchild may be getting some louder toys for Christmas this year from the grandparents :chop: :chairdance: :toot:

Another 50 bps hike today

i was just playing around with this scotiabank mortgage calculator and on a 800k mortgage, the difference between 4.25(in jan i think it was around 4.25) and 9.25 is like almost double.

How the fuck are people suppose to pay double what they signed up for!?

https://www.scotiabank.com/ca/en/per...B&gclsrc=aw.ds

https://i.postimg.cc/GpXn6FfK/1.jpg
https://i.postimg.cc/KjMXKd8p/2.jpg

Bank of canada doesn’t care. Makes it easier for homes to get picked up with cash from large corporations. Seems like raising interest rates before home prices doubled in 3 years would have been pertinent.

Tangerine emailed me and said I can have 5% interest on any savings account deposits until April 2023...

Now I just need savings to deposit :pokerface:

locked in 6 months early (spring 2021) @ 1.59 sort of on a whim.

:pokerface:

whered you get 9.25 from?

Take home $6-7k per couple and one couple pays for house, other one pays for kids, LC and food!:spamarama:

Scotia. That’s how much their variable open 5 years is right now. I choose variable open because almost everyone I know was on that before the rate hikes. My buddy’s sis is on that right now and she has exactly 800k mortgage.

That poor woman barely makes 6 figure and her husband is a some dead beat. Not sure how they are surviving.

interesting choice for open variable..

Realtors: VARiABle ALwAys Winz In tHe LoNG TeRM! BuY noW when PricEs DroP!

It’s just for comparison. I looked at cibc and they don’t even have an open variable anymore on their calculator.

Hey man, the first part of your statement may very well be true.
We are only 6 months into a "high" period, considering a normal 5 year variable term.


The second part is like asking an alcoholic when it's a good time to drink.




On the topic of trigger rates, I signed variable around 6 months ago, I think it was 2.3 at time, up to 5.2 today (I think today's rate hike has not been added yet)
Found my paperwork, trigger is 6.2

My buddy bought a place about 9 months ago, signed on for 1.5% variable, he has already hit his trigger and his payments were automatically increased without an email or phone call

^^ why do you need a phone call? It's in the contract. It's been in the news for the last 6 months that it's gonna hurt for variable for a while. :concentrate:

You ain't wrong.....

I don't know, I figured if your about to be bent over, at least a "hey your payment is going up xxx$" by email or phone would be a nice warning

I guess the bank does not want to look you in the eye just before they peg you for an extra grand :joy:

Noone here, has ever read a single sentence of their 40 page mortgage contract

I believe most banks do get in contact with you if you hit your trigger rate - I recall my mortgage guy and I just glancing through that line in the contract and I think he even said something to the effect that we shouldn't expect that to be a thing (and it really hasn't for 20+ years).

Each bank gives you different choices too - some just increase your payments with no notice, some will get you to put a lump sum down, some give you a range of options to increase your payments (to keep it to your prior amortisation or just enough to cover interest).

Yea I'm sure most lenders will send out some sort of letter. Or warning, honestly the last thing they want is for you to not be able to afford the payment then they have to go through the cost of foreclosure.

Variable rates have historically saved money over the long term.

The pace of interest rate increases this year is more or less unprecedented. The spread between variable and fixed rates was very much tilted in favour of variable earlier this year.

Yea considering how much you saved during the pandemic. Plus technically the inflation is still paying your mortgage for you since inflation is still over 6% cash is trash:pokerface: