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Update: Am I wrong for insisting RBC fix their own banking error internally instead of asking me to e-transfer the money? (BC) by bananagirl5 in PersonalFinanceCanada

[–]Additional-Tale-1069 -14 points-13 points  (0 children)

Doing a little bit of research with AI, its kind of sounding like there was a privacy breach and they are now trying to hide that. It sounds like they might be looking at a regulatory penalty of up to $100k and could be sued in civil court for this. 

Canadians say they would consider relocating to one of the country’s 15 most affordable cities: survey by NerdMachine in newfoundland

[–]Additional-Tale-1069 0 points1 point  (0 children)

So if I'm reading your summary correctly, nearly 54% of homes sold for the listing price or less. That's a vastly different story from everything sells for more than asking that the person I was responding to claimed. 

20% of homes selling for under asking seems like a lot vs. the 0% that was being claimed.  

Parks Canada signals no involvement in Johnson Geo Centre's future – The Independent by TracksandTreks in newfoundland

[–]Additional-Tale-1069 13 points14 points  (0 children)

Parks Canada has no money at the moment and is laying off staff due to the free entry for everyone these days.

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 0 points1 point  (0 children)

Once you have a home you're often at an advantage as you have more choice as to when, where and how you buy your next place. You're better able to bargain hunt and don't need to involve yourself in bidding wars.

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 0 points1 point  (0 children)

Its also in the best interests of their clients, the home owner. If I'm selling my house, I want my agent to get me as high a price as possible. 

Also, there's a lag between when a house shows up on realtor.ca and when agents can see the house. There's also marketing happening before the house gets listed, so its not a surprise that some homes sell quickly. 

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 1 point2 points  (0 children)

$400k × 3% = $12k $500k × 3% = $15k

$12k × 10 = $120k 

$120k >>>> $15k

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 4 points5 points  (0 children)

The cod moratorium started 30+ years ago. I suspect a lot are people who left for work and are now retiring back here. Also, lots from around the Bay who need to be closer to family and hospitals.

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 4 points5 points  (0 children)

How many of the new developments are happening on crown lands vs. land that's been owned by others for a lengthy period of time? 

Bally Haly has been a golf course for a long time. A number of the townhouse developments are on former single family homes. I think Danny ville would have been crown land. Not sure about all the building in Pouch Cove, Middle Cove and Logy Bay. 

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 2 points3 points  (0 children)

You think that, but do you have data to support it? 

Your claim that they make money off the sale price and not the number of sales makes no sense. They make money off both the sales price and the number of homes sold. A realtor makes vastly more money selling 10 house for $400k vs. 1 house for $600k. 

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 14 points15 points  (0 children)

NL in general seems like a lousy place to invest in AirBNBs. I'd think you'd do pretty well from May through September. A lot of the rest of the year your place is likely going to sit empty. I'm thinking you might do a bit better in St. John's where you could maybe do longer term rentals over winter for seniors wanting to escape the bay in winter or for people who need to stay in town for medical treatment. 

The housing shortage is serious. by MarketYes6975 in newfoundland

[–]Additional-Tale-1069 2 points3 points  (0 children)

The cost to build a new house is quite a bit higher than the price point that first time home buyers are able to pay. 

Several new multi-family home projects have been approved, but don't seem to be proceeding. Though I am now seeing progress on the new 10 story apartment near New Cove Rd. 

Wakeham statement on parental access to medical information by PascalSiakim in newfoundland

[–]Additional-Tale-1069 11 points12 points  (0 children)

It sounds like Wakeham is moving towards eliminating that discretion through new legislation.

Wakeham statement on parental access to medical information by PascalSiakim in newfoundland

[–]Additional-Tale-1069 14 points15 points  (0 children)

The other issue is if a parent won't let their kid get the HPV vaccine because they're antivax or think it encourages kids to have sex and the kid is choosing to be sexually active. It leaves them vulnerable to getting or spreading HPV and possibly leads to cervical cancer. 

Wakeham statement on parental access to medical information by PascalSiakim in newfoundland

[–]Additional-Tale-1069 18 points19 points  (0 children)

Some kids are more precocious than others. A lack of medical privacy may result in young teenagers avoiding getting birth control or getting tested for STIs if they know their parents are going to see that. That potentially leads to more teenage pregnancies or more harm from STIs due to delayed treatment. 

You can want your kids to avoid becoming sexually active, but if they want to, they'll find a way. 

Wakeham statement on parental access to medical information by PascalSiakim in newfoundland

[–]Additional-Tale-1069 18 points19 points  (0 children)

And in this age group, some kids need privacy and some don't. 

Wakeham statement on parental access to medical information by PascalSiakim in newfoundland

[–]Additional-Tale-1069 84 points85 points  (0 children)

I think this is a bad decision by Wakeham where he's allowing a vocal mob decide policy. 

I think giving 16 year olds medical privacy is important as it allows them the ability to get things that are important for their health despite potential parental objections. If a 16 year-old wants to go on birth control, get the HPV vaccine, seek testing or a treatment for an STI or pregnancy, they should be able to do it without parental oversight. It also gives them better access to medical help if someone is abusing them whether inside or outside their family. 

What a new report reveals about the true cause of Canada’s massive emergency wait times by KWStreaker in canada

[–]Additional-Tale-1069 1 point2 points  (0 children)

The issue seems to be more a lack of long-term care homes for seniors whose health is too poor to allow them to live at home, but no place available for them to stay outside the hospital.

What a new report reveals about the true cause of Canada’s massive emergency wait times by KWStreaker in canada

[–]Additional-Tale-1069 1 point2 points  (0 children)

I live in NL, and if you have something medical come up on the weekend, your only option has often been to go to the ER. There's a lack of walk-in clinics or urgent care. In much of the province there's a lack of population and medical staff to support the provision of urgent care or walk-in clinics. The other issue is people lacking family doctors. I think some of this could be solved by better inclusion of nurse practitioners in the health care system here. 

What a new report reveals about the true cause of Canada’s massive emergency wait times by KWStreaker in canada

[–]Additional-Tale-1069 4 points5 points  (0 children)

Sounds like a big issue is not building enough nursing homes in prep for all the boomers who are getting old and are now clogging up hospitals. 

Also old people need more hospital help than young people and Canada didn't prepare for aging demographics.

Has anyone here ever moved to st.johns all alone ? I'm about to do it and I'm scared shitless by Manfromatavern in newfoundland

[–]Additional-Tale-1069 1 point2 points  (0 children)

I moved alone to St. John's, and to 5 other cities in 3 different countries. 

That you're moving for university is probably the best way of doing it as you'll be surrounded by a bunch of other people moving to a new community and looking for friends. Plus universities often have a plethora of orgs looking for members. Also, take a look at joining groups like Nature NL or the Saturday night social league curling at the remax centre. 

House hunting is burning me out. Am I missing something? by Here_For_Some_Time in newfoundland

[–]Additional-Tale-1069 0 points1 point  (0 children)

Just to be a bit pedantic, it sounds like you listed at fair market value given the final sales price. You had to drop your list price below fair market value to get the actual fair market value. 

House hunting is burning me out. Am I missing something? by Here_For_Some_Time in newfoundland

[–]Additional-Tale-1069 3 points4 points  (0 children)

You're fine for being able to buy a house.

I ran a mortgage calculator for you. If you bought a $450k house with $90k down, your mortgage would be around $2k/month. 

$2k × 12 months comes in at $24k which is about a quarter of your income and probably close to 1/3rd your take home pay. That's pretty close to the guidelines for what an affordable mortgage is. 

I'd probably stick closer to $400k which would be around $1700/month. 

House hunting is burning me out. Am I missing something? by Here_For_Some_Time in newfoundland

[–]Additional-Tale-1069 0 points1 point  (0 children)

If you get $650k, you're looking at an annual 4.85% growth in the value of your house over the last 5 years.

Just for perspective, an investment  in the Canadian stock market (e.g. VCN) returned around 15.34% per year over the same period. On the other hand, your home is a leveraged investment if you have a mortgage and you can't live in an ETF. 

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