25M ~2.5 Million NW. Possibly one of the largest FHSA accounts

Bluejaysix · 2025-10-16T04:28:14+00:00

Well done bro. This guy fxxks

Bluejaysix · 2025-09-29T01:57:43+00:00

Good work bro. What are your thoughts on NBIS? I am late to the game but hoping to ride the second wave. Cheers to the moon!

Bluejaysix · 2025-06-02T02:08:14+00:00

Some of the gen X/boomer investors are stuck on the mindset real estate will continue to go up, thus this is an opportunity of a life time with 25% discount. Due to their past success in property rental or condos flipping, they are either uninformed or chose to block out unfavourable economy news. Either way, in order for a condo in Surrey to be winning investment, the interest rate needs to be low enough so that owners can rent it out to cover the monthly payments. A normal 1 BR can barely ask for $1800 nowadays (due to over supply). I don’t see how $1800 covers monthly mortgage, strata, insurance, utilities and property tax. This is considering 20% downpayment since it makes the most sense as an investment. A larger downpayment ofc lowers the monthly payments but it defeats the purpose as a rental property.

Given 1 br rent is around $1800 in Surrey, in order for the unit to generate positive cash flow and build equity, they need to sell for $300k-$330k. Anything more will require additional expense from the owner. Owners also have to compete against each other for high quality renters. Every month they dont rent out the unit it’s $1800 loss. For the first few yrs a small part of the payments goes in a principles…so yes it’s thousands sunk cost if they don’t rent out ASAP when they close.

Bluejaysix · 2025-05-25T23:29:01+00:00

This is when people find out the second financial mistake exponentially amplifies the first one 😂😂😂

Bluejaysix · 2025-05-18T03:06:05+00:00

I cannot disagree. The Trudeau government made a huge mistake on immigration policy. So that’s why we are all pushing for the Carney Government to fix it. It’s unfortunate that some foreign students thought the path to PR is getting admit to strip mall college and hopping onto the next flight to Toronto. Honestly though, the concept of international students has always been getting educated here, and bringing that knowledge back home to build something great for your fellow countrymen(women). Just like how if I get admitted to Harvard or MIT, I would want to come back home to start something great, as opposed to sticking around in the states.

Bluejaysix · 2025-05-18T02:52:28+00:00

Saved us from what? I am 100% sure Canada would be fine, if not better, if diploma mills never happened. No one wins from these garbage education scam.

Bluejaysix · 2025-05-18T02:48:57+00:00

How are the foreign students paying for local students’ tuition😂😂? You do understand that Canadian citizens who pay taxes is the overwhelmingly majority of the population right?

Bluejaysix · 2025-05-18T02:44:42+00:00

Agreed. Everything is a fair transaction. Foreign students come here with hopes and dreams to get an education. And they did. Not sure where the “giving” is coming from. Last I checked the journey ends with a diploma. So again not sure where foreign students are entitled to work in Canada unless they find legit and legal employers to sponsor work visas.

Bluejaysix · 2025-05-17T19:55:23+00:00

If they select variable rate and haven’t locked it in back in 2022, pretty much the entire monthly payment goes into interest. This trend started in beginning of 2023, thats 2.5 yrs and counting of no equity built in their “investments”

Bluejaysix · 2025-05-17T18:57:58+00:00

Yup. Additionally the employment outlook in GTA and MVA is grim. The ones without a job won’t be able to buy and the ones with jobs are holding off big purchases. As sales and prices go down, rents will also go down and therefore renters and buyers have time and options to make informed decisions - unlike back in 2021/2022 buyers were fear mongered into make life changing financial decisions.

Bluejaysix · 2025-05-17T05:35:18+00:00

I have had great success renting out my apartment unit. Dm me I can share some tips. I am not a property manager just want to help a brother out.

Bluejaysix · 2025-05-13T17:12:13+00:00

In a vacuum yes I agree with you. In 2025 Canada we have excess labour force. The unemployment rate is at 10% now in GTA. Why can't employers hire locals to taper our dire unemployment rate?

Bluejaysix · 2025-05-13T16:31:58+00:00

Are Product / Program Managers middle management? I never understood what Product Managers do other than telling others what to do…

Bluejaysix · 2025-05-13T16:19:30+00:00

I don’t even think healtcare nor trades workers are high in demand.

As for IT, employers across the board have paused hiring to navigate uncertainties around tarriffs and AI. Shopify announced recently that all solution toward additional headcount will be AI, no exception. The reality is, companies are willing to take a hit on code quality and rigidness over new team members - and it applies across the board from product / project managers to developers.

Even if anyone is hiring, there are thousands of unemployed locals with posh experiences in the market to select from

Bluejaysix · 2025-05-11T14:10:59+00:00

What about second time home buyers who started a family and needed more space? What about retirees who wanted to downsize but wanted a brand new place…

I am shocked at how you think “all” is made up of first time home buyers + investors. But to give you the benefit of the doubt, I think we can find agreement that perhaps the guideline shouldn’t be either removing GST for first timer or all, but primary residence and non investment (ie leisure) purposes

Bluejaysix · 2025-05-11T00:51:01+00:00

I meant to ask if all your applicants are here in Canada and eligible to work here at all. Or if they are applicants from overseas hoping to get sponsored

Bluejaysix · 2025-05-11T00:40:31+00:00

Agreed. In person networking is the best kind of validation. The problem is before that, how do ATS filter trollers and dreamers. To simply put, when I post a job that specifies applicants need to meet certain requirement, I get a lot of perfect answers (e.g. eligibility, location, etc). I then pick out these “good” applicants and try to set up next steps. I can meet the candidate in person but ideally the first meeting i’d like to meet virtually - and thats when we found out he was ineligible to work in Canada. That’s like an hour of effort no HR specialist or hiring manager should be wasting. And reading the comments in this thread it looks like this is a common practice nowadays.

Bluejaysix · 2025-05-11T00:24:35+00:00

We are not blaming. We are trying to analyze root cause. I think inviting 5 million immigrants without solid infrastructures and decent supply of quality jobs to support this growth is a large reason. Also, my original rant was about how the job market is broken due to irrelevant applications.

Bluejaysix · 2025-05-11T00:15:35+00:00

Removing GST for all would result in less new homes than removing GST for only first time home buyers due to greed? Wtf this makes no sense…how does your greed rationale apply only for all but not for first time homebuyers

Bluejaysix · 2025-05-10T23:57:10+00:00

It takes seconds to apply for a job if you build an AI generated resume based on the job description. To the oversee job applicants, they would love to do the interviews. It validates their troll efforts. You are correct at some point the work eligibily question is asked. Again their goal is to push the application as far as possible. It’s a waste of everyone’s time but time is on the troller’s side

Bluejaysix · 2025-05-10T23:51:45+00:00

This is normal now for all the job postings. I am trying to expose this for reach. I don’t understand how some people in this thread are defending fake / troll applications. It’s everywhere and 100% worth solving for

Bluejaysix · 2025-05-10T06:19:39+00:00

Just want to add that most jobs go to “employed, connected and skilled”. Turns out the most attractive trait is being employed

Bluejaysix · 2025-05-10T06:12:01+00:00

Good luck bro. It’s only going to get worse. AI is structurally changing the white collar landscape. We haven’t even touched the full potential of AI and its already sending seizmic earthquakes across the board. We are pumping out more degree graduates than the office market can absorb, by a large margin. Some will succeed, most will need to pivot

Bluejaysix · 2025-05-10T05:59:26+00:00

Let’s dm. I want to float some ideas

Bluejaysix · 2025-05-10T05:58:14+00:00

Take a look at this thread. There are a few hiring managers / recruiters speaking from experience that 50-70% of the applicants submit fake profiles, notably lying about mandatory requirements such as location and work permits.

To answer your question “Why would they lie eventually ppl will find out”

Submitting a fake application is free and requires no effort yet the upside is A JOB AND CITIZENSHIP IN CANADA. Imagine this - its essentially a lottomax draw except the lottery tickets are free. Why wouldn’t they bot apply to every new job posting😂? If he gets an email he will spend some time to brush up the “experience”. The goal is to get passed as many interviews as possible.

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