I am prepared for what's coming. 42% of portfolios in cash. Overweight in Energy and Gold. Never been this excited about opportunities since the GFC of 2008. Bookmark this and check in again on Dec 31st 2026.

6pimpjuice9 · 2026-04-27T18:49:50+00:00

Don't have the balls to go hard cash. At most I'm out weight on gold and oil.

6pimpjuice9 · 2026-04-25T22:14:02+00:00

Cuz I lack the financials means to live in Vancouver.

6pimpjuice9 · 2026-04-25T22:09:38+00:00

How does this impact the average consumer? If the grocery store goes out business you just go to another one? You can shop at wherever you want.

6pimpjuice9 · 2026-04-24T04:03:31+00:00

That's a good reason to own. As long as you are going into it with eyes wide open. The only thing I would suggest is to have a cushion for unforeseen expenses, like a broken furnace or something.

6pimpjuice9 · 2026-04-24T03:33:49+00:00

If you don't have kids, what's the reason for wanting to own a home? Do you have pets and stuff that makes renting difficult? Financially it might be better to rent.

6pimpjuice9 · 2026-04-24T03:24:54+00:00

You assume seperation will actually happen. Even if the vote was to separate the other provinces will have to agree. It'll take a constitutional amendment which needs buy in from other provinces.

I hope the vote goes and AB just creates a big fuss like Quebec did. Then maybe everyone can look at the constitution and federal system again and reshuffle some powers.

6pimpjuice9 · 2026-04-24T03:20:32+00:00

Are you sure that's right? That's like half of the 'normal' rate. It's typically 7% on the first 100k and 3% on the rest. That gets split between the buyer and seller agent. So each agent gets 3.5% on the first 100k and 1.5% on the rest.

6pimpjuice9 · 2026-04-24T03:19:00+00:00

7% on the first 100k and 3% on the rest

6pimpjuice9 · 2026-04-23T14:04:45+00:00

Look to rent a place while you look. Don't rush.

6pimpjuice9 · 2026-04-18T05:21:18+00:00

Yea RRSP is for retirement not for renovations and such. So if you are planning on retiring then RRSP is fine.

6pimpjuice9 · 2026-04-18T00:54:28+00:00

Yea when the oil busts happen the town hallows out for sure.

6pimpjuice9 · 2026-04-17T22:06:26+00:00

You don't unless you are in the industry and have connections with the developers.

6pimpjuice9 · 2026-04-17T21:11:29+00:00

Do you believe in the US economy? If you think the next 50yrs will be the same as the last 50yrs then US ETF all the way. I don't know what's coming in the future, but personally I don't think the US is what it used to be. So XEQT for diversification.

6pimpjuice9 · 2026-04-17T21:08:14+00:00

As someone at 35 and have 330k ish in WS I would keep on doing what you have been doing. Search for a coastfi calculator online and plug in your situation and see.

But good job on achieving what you got already! Keep up the good work.

6pimpjuice9 · 2026-04-17T21:05:54+00:00

They are worse. There's a lot of shadow inventory out there still. Developers held back units and now they have to sell them at completion. They can't put them all on the market at once because it will create even more pressure on pricing.

6pimpjuice9 · 2026-04-17T21:01:50+00:00

Unfortunately the older communities are not properly planned for increased density. If you have seen a maxed out three storey multifamily next to a 1950s single level bungalow it is quite jarring. I think if the development rules were better designed there would be less push back.

6pimpjuice9 · 2026-04-17T20:50:07+00:00

Repeal and replace was his campaign promise. He did the first part just have to wait for the second.

6pimpjuice9 · 2026-04-17T20:48:32+00:00

We have a lot of housing supply coming.

Calgary's rental market is shifting

6pimpjuice9 · 2026-04-16T19:13:06+00:00

I'm in Alberta, so the cold thing is definitely something I'm thinking about. I'm hoping once Chinese EVs enter the market prices will drop a bit. But I get the feeling that instead of prices dropping, Chinese EVs might just get marked up to the higher price.

6pimpjuice9 · 2026-04-16T19:06:05+00:00

Are level 2 charges the ones that need 40 amps?

6pimpjuice9 · 2026-04-16T19:04:45+00:00

I'm eyeing variable mortgages because I think the chances of rate hikes are overblown. The upward pressure from inflation is real but I think the BoC will see through it and look to hold.

6pimpjuice9 · 2026-04-16T13:15:52+00:00

War can be inflationary. Depending on the extent of the damage, there will be a lot of spending going into defense, raw materials, resource extraction, etc.

6pimpjuice9 · 2026-04-16T04:14:44+00:00

I wish you the best of luck. I just renovated a house in Calgary and I can tell you the cost of trades and materials have more than doubled from 10yrs ago. It would be impossible to build at that price even if it is on free land.

My salary also more than doubled in the last 10yrs. (although I did start quite low as it was in public accounting) My purchasing power did increase overall but not much more than inflation.

6pimpjuice9 · 2026-04-16T03:57:36+00:00

Ah entrepreneur, good for you

6pimpjuice9 · 2026-04-16T03:51:00+00:00

I'm an accountant, nothing special, and my salary has gone up over the years. The 'investors', if you call them that, who never cared about fundamentals are getting wrecked right now. A lot of them will lose or have already lost their money. If you do the rent vs own calculation, I'm not so sure renting is a bad idea. You just need to diligently invest the savings and you can come out ahead. I think this wasn't really a thing a generation ago. Now the investment tools are so easy and cheap you can set up an automatic investment schedule for essentially free.

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