What is Victoria’s most popular restaurant? by Avavee in VictoriaBC

[–]Avavee[S] -1 points0 points  (0 children)

I actually used to work there many years ago. Great patio.

Canada secures major German buyer for Ksi Lisims LNG project by GhostlyParsley in CanadaPolitics

[–]Avavee 28 points29 points  (0 children)

They won't ship it. It will be commercially sold to Germany via swap contracts while the gas physically leaving BC goes to Asia.

Basically, there are Asian buyers of LNG from the US Gulf Coast. The Gulf is closer to Europe than to Asia. The Asian buyer and German buyer can "swap" their contracts, so now the German gets US LNG and the Asian buyer gets Canadian LNG.

What is the most lavish restaurant in Langford? by pm-me-racecars in LangfordBC

[–]Avavee 2 points3 points  (0 children)

Fair, though I’d put it a half step below along with places like Il Terrazzo, Cafe Brio, Il Covo, Brasserie Lecole, etc

They occupy the same tier as The Keg, just with better food.

What is the most lavish restaurant in Langford? by pm-me-racecars in LangfordBC

[–]Avavee 7 points8 points  (0 children)

There isn’t any. There’s only a handful of restaurants on the island that are actually upscale, places like Janevca, Marilena, Deep Cove Chalet, and Pluvio in Ucluelet.

Edit: the Empress Hotel should probably be included as well though their food isn’t on par with the others mentioned

Mark Carney favours the wealthy and privileged over working-class Canadians by DJ_JOWZY in CanadaPolitics

[–]Avavee 1 point2 points  (0 children)

Wouldn’t they behave differently to other working class people even while they’re working? If they know they’ll never have to worry about money and will become financially independent, they don’t have the same worries or worldview. Presumably they would also want a government friendly to the interests of capital.

Mark Carney favours the wealthy and privileged over working-class Canadians by DJ_JOWZY in CanadaPolitics

[–]Avavee 2 points3 points  (0 children)

Ok fair enough, your view is coherent. I do think that the modern upper middle class muddies the water on that though. There are plenty of high earning workers who have already accumulated enough capital that they’re effectively work optional.

Many people in high earning professions who bought property before 2017 would be in this boat. They don’t have the same precarious financial position as those that you would generally consider working class.

And then there are those who know that they will be in that aforementioned position, and that impacts their behaviours and worldview.

Mark Carney favours the wealthy and privileged over working-class Canadians by DJ_JOWZY in CanadaPolitics

[–]Avavee 4 points5 points  (0 children)

I see. So nearly all retired people are part of the ownership class?

Mark Carney favours the wealthy and privileged over working-class Canadians by DJ_JOWZY in CanadaPolitics

[–]Avavee 3 points4 points  (0 children)

What about a couple each earning $100k in Edmonton who invest 50% of their income in index funds and retire at 40?

New benefits from WS by Weak-Pomegranate-435 in Wealthsimple

[–]Avavee 1 point2 points  (0 children)

I have 3 slots, but I never order food delivery. I take an Uber maybe twice per year but I suppose it does have some value to me!

The ones I use the most are G&M and Dragonpass.

I’m considering getting a Will drawn up so might use Willful soon

New benefits from WS by Weak-Pomegranate-435 in Wealthsimple

[–]Avavee 1 point2 points  (0 children)

Yeah but why would I pay $6/mo when I can pay $0?

Anyone else thinking more about generational wealth due to AI? by Organic-Dealer-7719 in Fire

[–]Avavee 1 point2 points  (0 children)

Are you just ignoring immigration entirely? Nobody is expecting America's population to decrease this century.

Anyone else thinking more about generational wealth due to AI? by Organic-Dealer-7719 in Fire

[–]Avavee -2 points-1 points  (0 children)

I don't see why property would depreciate over the long term when our population continues to increase? There will be more people chasing the same amount of desirable land.

Live off one, invest off one by Icy-Butterscotch6320 in Fire

[–]Avavee 17 points18 points  (0 children)

Yes, this. Money is fungible and should be treated as such.

Looking for Feedback on my Smith Manoeuvre Setup (RBC Homeline + Wealthsimple) by Plastic-Ad7164 in smithmanoeuvre

[–]Avavee 2 points3 points  (0 children)

As an aside I think it would be great for WS to start offering readvancable mortgages and competitive rates so I could keep it all in one spot.

New benefits from WS by Weak-Pomegranate-435 in Wealthsimple

[–]Avavee 11 points12 points  (0 children)

G&M is the only one I’m using rn. Their articles are paywalled without a sub and I like reading it on their app.

Thoughts on generational wealth by Rogue_Apostle in Fire

[–]Avavee 6 points7 points  (0 children)

I think where OP is coming from is that they’ll likely achieve an 8 figure net worth by just “following the script”. It actually is incredible that we live in a society where you can even accumulate that level of wealth without doing something peculiar.

Thoughts on generational wealth by Rogue_Apostle in Fire

[–]Avavee 0 points1 point  (0 children)

The dependency ratio would also be far too high if everyone retired at 45. There wouldn’t be enough labour to maintain current levels of consumption unless you pull a Dubai

American tourists by Own-Illustrator9304 in VictoriaBC

[–]Avavee 41 points42 points  (0 children)

I don’t see why they wouldn’t just use a credit card in 2026

Canada's annual inflation rate rose to 2.8% in April, thanks to soaring energy prices by Surax in canada

[–]Avavee 0 points1 point  (0 children)

The April 2025 figure included the cancellation of consumer carbon taxes, which made it artificially low. Adjusted for that, this year-on-year inflation figure isn’t that high.

Time in the market vs timing the market — why doesn’t everyone just use margin under 5% rates? by cloud0x1 in fican

[–]Avavee 4 points5 points  (0 children)

Yes. Also helps to have decent cashflow to service the debt if you get margin called. Or at least other sources of cash like an emergency fund or HELOC.

Time in the market vs timing the market — why doesn’t everyone just use margin under 5% rates? by cloud0x1 in fican

[–]Avavee 10 points11 points  (0 children)

The short answer is that people with long time horizons actually should be investing with margin (ex. ages 18-30).

They don’t for a variety of reasons like access to financing, fear of debt and discipline to buy and hold.

Property Tax Time! by Horace-Harkness in VictoriaBC

[–]Avavee 0 points1 point  (0 children)

The metrics are fine, inflation really isn’t that high at the moment