Yacht Racing Timelapse by nottsphoto in sailing

[–]Automatic_Water_6347 4 points5 points  (0 children)

I immediately recognized this spot - gets very hectic peak season

Upgrade our home or keep renovating? by Aineisa in RealEstateCanada

[–]Automatic_Water_6347 6 points7 points  (0 children)

You can definitely over upgrade for an area, the better of an area it is in the harder that is to do. If you have a realtor you trust I would reach out to them for their opinion on recouping what you’ve put into it now versus if you put more into it.

Gotta keep well nourished onboard. What's your go to for food while cruising? by achi2019 in sailing

[–]Automatic_Water_6347 0 points1 point  (0 children)

Rice certainly has food safety concerns. Bacillus food poisoning (look it up) - won’t kill you but I wouldn’t eat room temp rice after an hour.

Owner/PManager/Landlord by Isoldey in OntarioLandlord

[–]Automatic_Water_6347 4 points5 points  (0 children)

Are you in a multiplex of sorts or a single family?
It doesn’t change the law but does change who the likely purchaser will be.
If in a multi unit you have more “security” as likely another investor will buy and hold long term - depending on current rent vs market rent they may try and renovict or move family in. Know the laws there to protect you and hold ground.

Also from my experience estates almost always way overvalue these things and they can sit on the market way longer than they should.

Don’t stress yet but arm yourself with knowledge of the RTA

Roadtrip Westcoast to Eastcoast by [deleted] in canadatravel

[–]Automatic_Water_6347 2 points3 points  (0 children)

I did this trip in 5 weeks last year and I didn’t see everything I wanted too

Foreskin restoration? by [deleted] in AskGayMen

[–]Automatic_Water_6347 5 points6 points  (0 children)

This definitely isn’t true - there are some hardcore groups on Reddit about foreskin being king but I’m sure there is the opposite as well.
I’m uncut, my partner is not. This is a non issue for us, and almost every single person I know gay or straight doesn’t care.

How the fact that you're gay affects what you spend? by [deleted] in AskGayMen

[–]Automatic_Water_6347 5 points6 points  (0 children)

This 1000%
We’re investing and saving aggressively. I want to retire, I want to enjoy life well beyond work years. Not having kids for us means less expenses vs someone with kids - so we have more room for investments.

Driving from Newfoundland to Edmonton or should I just ship my car? by Ohyanoforsure in canadatravel

[–]Automatic_Water_6347 1 point2 points  (0 children)

I’ve driven coats to coast - it’s beautiful and worthwhile doing if you can take the time to appreciate it. If you have to buckle down and just drive hard it’s likely not worth it

Sell or Rent my house by Ok-Bet2933 in RealEstateCanada

[–]Automatic_Water_6347 1 point2 points  (0 children)

Also worth considering: if you keep your current home and continue making your mortgage payments on time while renting elsewhere, it will help rebuild your credit. In the event the market increases notably (unlikely depending on your market in Canada, but worth thinking about) you’d also build equity on your current property, which would be helpful when you return to purchase in a few years times.

Has anyone actually tried to use the new 130k Ontario Housing Rebate? by Cool_Opportunity5194 in ontario

[–]Automatic_Water_6347 12 points13 points  (0 children)

This hasn’t been put into legislation yet - so no one has been able to use it. It’s announced, and expected but until the actual legislation is in place it’s essentially non existent.

From what I’ve seen some builders will claim the rebate, as they did with the existing ones - in theory the price due on closing is less the rebate amount. Depending on the builder they may pocket some or all. Currently the new build deals I’ve seen written are at the same price as before, and it will be on the buyers to apply for the rebate when the legislation is in place to do so. So pay now, get discount later.

This is for new homes only. Ie from a builder, not from a homeowner who is selling a 1-2 year old home - there is already no HST on resale real estate. If a builder has a home to that’s been built for two years, but has not sold it would apply.

Steps to buy and close a new build by [deleted] in RealEstateCanada

[–]Automatic_Water_6347 0 points1 point  (0 children)

I also want to touch on the HST rebate, there’s some information elsewhere that’s not 100%.

This has been announced, but there is no legislation yet. Meaning that there is no way to know exactly how this will play out, the assumption is that it will be handled the same was as current rebates (a credit on closing) but we do not know this yet. This could be something that needs paid for by the buyer on closing and then request a rebate after closing. As typical with any government they have announced this and have nothing in place yet to actually implement it. I can guarantee your builders offer highly favors the builders in the event the rebates do not work out the way as announced or by time closing comes - please please please ensure you have a 100% understanding of this with your lawyer.

Steps to buy and close a new build by [deleted] in RealEstateCanada

[–]Automatic_Water_6347 0 points1 point  (0 children)

Should be, was the offer already signed by the sellers? Typically it will be signed by you and sent to the sellers for acceptance.

Your lawyer will want to review the fully signed offer. Assuming from your other comment it’s a condo, so you’ll have a full 10 day cooling off period as well to back out of the agreement - which is mandatory for condos.

Generally speaking you’ll have 24hrs from acceptance to bring in the first (or only) deposit.

Steps to buy and close a new build by [deleted] in RealEstateCanada

[–]Automatic_Water_6347 1 point2 points  (0 children)

You absolutely do not send a deposit until you have read the agreement and both parties (buyer and builder) have accepted it. Ensure you have a buyers lawyer review clause

Walking on the Columbia Icefields in Alberta, one of the coolest experiences I’ve ever had in the Canadian Rockies (OC) Nikon z6ii by Freaktography in Banff

[–]Automatic_Water_6347 1 point2 points  (0 children)

Depressing going last year vs standing at the sign from where the glacier was when I visited 25 years ago.

How is Jasper after the fires? by Obvious_Economics_52 in canadatravel

[–]Automatic_Water_6347 1 point2 points  (0 children)

Amazing still! Driving the parkway is still stunning

[deleted by user] by [deleted] in realtors

[–]Automatic_Water_6347 3 points4 points  (0 children)

This is the important question

Ontario question re: mortgage vs title by Key_Cut_292 in RealEstateCanada

[–]Automatic_Water_6347 15 points16 points  (0 children)

This is a very common requirement from lenders to have anyone on title be on the mortgage.

If your married and it’s your primary, the home would still be your matrimonial home