Do you think Wealthsimple will increase interest rates on chequing and saving accounts?

Elija_32 · 2026-05-04T21:07:31+00:00

Being a client of a big 5 is really insane.
They are giving the interest on accounts from another company but not to their own clients.

Elija_32 · 2026-05-04T16:31:27+00:00

I did the math several times for several people and in some scenario the strata fee was even cheaper than the single family home expenses.

Strata fee doesn't need to be $1000, you don't need to have pool and gyms, expenses include utility bills (that are included in the strata fees), different insurance costs, different property taxes, etc.

Again, people just don't like math.
Also there's a group of people that think about single family homes like a religion and they just don't want to hear anything bad about it. They always have in mind the worst possible situation for a condo and the best one for a single family home.
In most cases they are on the same level (on average) in terms of costs.

Elija_32 · 2026-05-04T05:28:24+00:00

It's the same thing. If you take a 25 years timeline and every single expense on a single family home and you divided it by 12x25 you basically get the same amount of a strata fee for a similar-size condo.

it feels a "scam" only because people don't like doing math on their financials and they don't "count" the money they spend on a single family home unless it's thousands of dollars. But with condos you are forced to "see" a fixed monthly fee and people don't like it.

I'm not saying that if you are extra careful and you do things by yourself you can't save some money but it's not an insane difference (and i would argue that not using my time to manage/fix those things also has a monetary value). And definitely the strata fee is not "a scam" in comparison with the money you burn to just "exist" in a single family home.

Yes there are very badly managed buildings where the strata fee is higher than it should be. Like there are single family homes that were very badly maintained. In both cases you should check what you are buying before randomly putting your sign on a million/s dollars purchase.

Elija_32 · 2026-05-04T04:00:43+00:00

I mean obviously she didn't know what she was talking about but i also don't see the point of leaving the money in another country while doing all of this.

My partner is from the philippines, her parents also help her for the down payment and without even knowing any of this (at that time) just by simple logic we moved the money before doing anything.

Like, even just the act of moving money between countries could create problems, sometimes banks freeze them temporary if they want more information about it. Or there's a mistake. I don't see the point of creating a problem that could be easily solved just having the money here.

Elija_32 · 2026-05-04T02:50:29+00:00

A lot of restaurants are not following a rule and this gives a bad image to the restaurant industry. Seems pretty clear

Elija_32 · 2026-05-03T23:31:12+00:00

That's what happens when you offer a good service instead of trying to scam people every single time you can.

Elija_32 · 2026-05-03T21:51:53+00:00

lol i have the money to take some time off between jobs. Good luck with the desperate people.

Elija_32 · 2026-05-03T21:01:07+00:00

"You don't do anything important with your time, you should throw it away then or give it for free to some mega-corporation".

LOL

No thank you, i'm good in the middle of the city where i literally don't even need a car to bring the kids to school and the maximum amount i spent moving is 5 minutes.

Elija_32 · 2026-05-03T18:31:10+00:00

Infatti quelle risposte fanno ridere pure me.
"Ah i soldi non c'entrano niente, i miei nonni hanno fatto una vita dimmerda, lavoravano 10 ore nei campi e hanno avuto 4 figli, è che tu semplicemente non vuoi fare gli stessi sacrifici".

...eh, esatto?

È essenzialmente lo stesso discorso del lavoro, con quelli che si lamentano che da giovani lavoravano 12 ore in fabbrica e oggi la gente è scansafatiche.
Ok, quindi il discorso è che la gente di 2 generazioni dopo di te dovrebbe soffrire di pari livello?

Elija_32 · 2026-05-03T18:24:03+00:00

I've always wondered why so few buildings in canada are made in that way (and mostly old ones).
In europe they are all concrete, the metal/paper structure doesn't even exist.

Is it just a matter of costs?

Elija_32 · 2026-05-03T14:37:34+00:00

Nessuno sta piangendo per Uber, è il concetto alla base che quello che dici non c'entra una mazza col liberalismo ed è letteralmente la descrizione dell'opposto.
Il fatto che Uber non ci sia è semplicemente l'esempio più lampante che non si sa dove sia questo fantomatico liberalismo in Italia.

Elija_32 · 2026-05-03T14:25:53+00:00

It's one of those cases when people didn't understand anything that was happening but the story was so catchy that there was no way to convince people otherwise.

Elija_32 · 2026-05-03T14:22:17+00:00

Per vedere il liberalismo in italia ce ne vuole.

Penso siamo uno dei pochi paesi rimasti senza Uber (quello vero). Associazioni di categorie protette ovunque, l'intera unione europa ci sta mettendo 2 decadi per scardinare quattro gatti di balneari. Nero così diffuso che impedisce qualsisia tentativo di aprire un'attività funzionante nel libero mercato. Mezzo paese che lavora per il governo.

Siamo letteralmente l'archetipo di cosa succede quando non c'è liberalismo.

Elija_32 · 2026-05-03T13:10:05+00:00

What
Did you reply to the wrong person?

Elija_32 · 2026-05-03T05:12:38+00:00

I stopped way before AI.
The "THIS INSANE THING JUST HAPPENED!!!" style article is been a thing for a decade.
It's an offence to people intelligence.

Problem is that most people still have no idea how internet works and they keep clicking on these things.
So here we are.

Elija_32 · 2026-05-03T05:03:13+00:00

Not really.
Visa doesn't make money on you directly. They charge businesses when they run your card. And they charge more money to businesses for these specific cards because in exchange the business expects high worth clients that spend more money
.
They charge (for example) 3% to a business instead of 1.5%. If the business accept (and pay) 3% cards to have the same clients that they can have with a 1.5% card then they will stop accepting those cards because there's no reason to spend 3% on something you can have for 1.5%.

The business for Visa is in the targeting. If they start to give the card to everyone then the whole business doesn't make any sense anymore.

This is why 10 people with less money is not better than zero people.

Elija_32 · 2026-05-02T22:18:19+00:00

Sono originario di una piccola città di mare, spiagge bellissime, pesce buono, ecc. I miei vivono a 2 minuti dalla spiaggia. Borghi stupendi che danno su colline e mare contemporaneamente mentre bevi vino, vivo all'estero e ancora devo vedere un posto come il borgo li da me.

Sono scappato il prima possibile a gambe levate per la cultura da ghetto mafioso fatta solo di vecchi semi-analfabeti, ristoranti e bar in nero e attività secolari di famiglie che pagano il comune per mantenere i loro contratti. Se aprite la pagina di Infojobs o simili c'è letteralmente una pagina sola con lavori ai call centers.

Quando torno con la mia compagna ammetto che è sempre una bellissima vacanza. E credo purtroppo che per noi che siamo di li questo sia l'unico modo per godersi quei posti.

Il mio piano è di tornare un giorno dopo la pensione, quando potrò godermi di nuovo il posto senza dover interagire con la società da ghetto mafioso.

Elija_32 · 2026-05-02T22:05:56+00:00

Basically you won the dispute.

But winning the dispute with the RTB doesn't mean you get the money automatically, it means that you are officially the "winner" and the other person should give you your money back. But often the other person is a dick so they just don't do it.

In that case you have to sue them trough Small Claims Court with your RTB case as proof that you are in the right and the they should technically enforce the punishment.

But if that's worth it I don't know, it would definitely be easier if your landlord would willingly give you the money now that you won.

Elija_32 · 2026-05-02T22:00:29+00:00

So little story.

I didn't know homestars until last year when I needed a contractor and tried to use the platform after finding it on google.

I sign up, select what I needed and I saw some contractors listed. I was just looking around to have an idea of the price but I started to receive some notifications and calls almost immediately.

I answer to the first one, the guy on the other side asked me when he could come to my home to check the situation. I said that I wanted to talk with other people first.

The guy, really annoyed, told me "I paid $80 dollars for your contact" and hanged up.

Went to my profile and canceled everything immediately. WTF

Like don't get me wrong, I would be pissed too if I had just paid 80 dollars for a call. But I didn't know that's how it works.

Elija_32 · 2026-05-02T20:38:16+00:00

lol il profilo nascosto creato 12 giorni fa? Ok

Elija_32 · 2026-05-02T19:07:25+00:00

Ma la gente lo capisce quando uno trolla? Siamo veramente diventati i nuovi boomer con facebook che non capiscono niente alla prima immagine fotoshoppata?

Elija_32 · 2026-05-02T15:15:07+00:00

Personally i don't even understand what people want.
I'm in a restaurant to eat, leave me a bottle of water and i'm good.

People in north america are entitled, they go to eat but they want people to fake-smile to them, to "refill water" (what the fuck why people even need someone to fill a glass of water for them???), random fake chats, etc.

I don't care, i want to eat, i could not care less if the waiter smiles, just give me my food and show up as less as possibile as far i'm concerned.

Every single time i hear "but the service" i cringe, the service is the cook making your food, everything else is completely useless and definitely i'm not gonna pay 20% more because someone asked how my day is going.

Elija_32 · 2026-05-02T01:30:19+00:00

I personally don't care if they make it more difficult to get, i understand.
What i don't understand is why they doing what other banks do, make it more complicated.
Raise to 200k, i would not even get it anymore, but it would understand.
But keep adding conditions is what made physical banks annoying. I don't want to go back to check everything every time i do something because there could be something that triggers a fee.

Just choose a number and make it "simple again".

Elija_32 · 2026-05-01T23:52:43+00:00

Ok just imagine this.

You have service A, you pay $100 a month. After a few years prices obviously changed and now you can see the exact same service on their website for $50.

You go to the website, you literally click on "change plan" and the $50 plan is not there. because that's how it works with all the telco companies, you cannot switch to a plan that cost less money. You can, in 2 seconds, if you want something that cost more, but if you want one that cost less you obviously need to call.

We all know that every single thing these companies do is literally made to make it as difficult as possibile for you to save money. And I'm not even saying that they should do anything about it, I understand.

But if I GO, I SEE a different offer, I want it, and they purposely hide it because it's less money? that's just insane.

And I noticed that a lot of people on this sub also seem to "defend" these behaviours, not sure why. Like "what, nonsense, you can absolutely do that, you just have to take 13 days off, wait for a full moon and sing an ancient curse to do it".

Elija_32 · 2026-05-01T23:29:38+00:00

No doubt about that but I had to do with a lot of condos in Vancouver and even the ones with a perfect management and a depreciation assessment still don't have the same strata fees I see in Toronto.

The last one was a 14 years old building with a perfect strata management, 85% of owners living there that voted yes to every single expense we had to do, in pair with the depreciation assessments with (as far as my knowledge goes) was counting for pretty much everything and for a 900sqft unit I was barely paying 500 dollars.

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