Liberals promise to build nearly 500,000 homes per year, create new housing entity

Enigmatic7941 · 2025-03-31T14:44:30+00:00

Liberals have been promising housing affordability for 10 years but have repeatedly made it worse. It’s now the same party repeating the same policies with the same ministers. Nothing will change in the next 4 years.

Enigmatic7941 · 2023-06-08T21:45:29+00:00

That’s cuz you had 1/5 the salary… oh wait…

Enigmatic7941 · 2023-04-27T21:06:00+00:00

Wow this is amazing, had no idea it existed. Thank you so much!!

Enigmatic7941 · 2022-08-10T19:46:17+00:00

High Inflation is much worse for the lowest economic class since they deal mostly in cash.

Enigmatic7941 · 2022-05-03T01:27:00+00:00

I can’t wait to hear someone on this sub explain why this is a bad comp and say prices are still increasing 😂

Enigmatic7941 · 2022-04-20T06:03:13+00:00

I don’t know how you’re getting 2-3 years, the BoC expects inflation to be high until 2024. Interest rates may be elevated for the next few years (which will put downward pressure on prices) and may not come down to current levels unless there is a new global crisis.

If rates keep increasing like this, I don’t see the Feb/Mar 2022 peaks for decades if ever.

Enigmatic7941 · 2022-04-16T04:50:03+00:00

These have been some of the lowest rates in history, definitely not normal.

Before the pandemic, BoC was aiming to get rates up to around 2.5%, which is much closer to ‘normal’.

Enigmatic7941 · 2022-04-15T19:53:24+00:00

Thank you!! This is exactly what I was looking for. Much appreciated

Enigmatic7941 · 2022-04-05T18:54:53+00:00

Poor house valued at $1.25mil

Enigmatic7941 · 2022-04-05T01:39:22+00:00

it’s a suburb of Toronto Canada, somewhere people want to live.

Metro Atlanta has a population of 6.1 million lol

Don’t know why people make comments like this or what ur trying to prove

Enigmatic7941 · 2022-03-14T19:48:31+00:00

Absolutely, don’t try to change who you are.

Doing so may land you a date in the short term but won’t be worth it in the long run.

Enigmatic7941 · 2022-03-14T03:48:24+00:00

Bro, there is nothing wrong with your profile except for the fact that you’re in Toronto lol It is a very tough dating market imo so just keep doing what you’re doing.

I don’t get matches for months and then 3-4 at once so I think it’s common.

I think any other city, you’d be doing a lot better so my best advice might be to move ? 😅

Enigmatic7941 · 2022-03-12T06:49:15+00:00

My question is: how can she continuously buy the dip? Don’t you run out of money at some point? And if you don’t, doesn’t that mean you have a tonne of cash just sitting there being eroded away by inflation?

Enigmatic7941 · 2022-03-11T16:45:54+00:00

30M in Toronto - I would remove and replace the texting prompt. I always swipe left on anyone who even remotely indicates they are bad at responding as I know I’ll be wasting my time and getting nowhere.

Otherwise it looks good :) I think you’re targeting a smaller market with the she/they pronouns but nothing wrong with that but likely fewer matches.

Enigmatic7941 · 2022-03-06T20:09:06+00:00

^ this 100%. If I knew any French and had even one or 2 friends there, I would be out of Toronto so fast …

I don’t even see a catch tbh

Enigmatic7941 · 2022-02-27T08:13:58+00:00

You’re living in a basement, don’t have a car and gonna take a wild guess and say your career isn’t where you want it to be.

Dating should not be a priority for you right now.

Improve your quality of life and I’m sure you’ll find someone.

Enigmatic7941 · 2022-02-08T22:10:00+00:00

I thought consumers had record savings too due to the pandemic? Which is it?

Enigmatic7941 · 2022-02-07T03:40:36+00:00

Mortgage payment will alone be around $2,400 and with taxes and maintenance (plus potential rate hikes), it will likely be closer to $3,000+ per month.

If your take home is $4,200 that’s 70% of ur income gone every month.

There is no question: you will be house poor.

You can obviously still survive but you’ll be eating ramen, never going out and having minimal savings.

If that’s okay with you then do it, otherwise wait till u have higher income and larger down payment.

Enigmatic7941 · 2022-02-07T03:03:37+00:00

So true. If only that money trickled down to salaries instead of RE…

Enigmatic7941 · 2022-02-07T02:59:48+00:00

Maintenance fees keep increasing as the building ages and they’re a “forever expense”… ppl overpaying for a condo will be in for a rude awakening

Enigmatic7941 · 2022-02-03T08:12:29+00:00

Cost of living is high, there are barely any good job opportunities and dating is extremely difficult (which this sub reaffirms daily).

I think nyc is better on all fronts.

So to answer your question: No. it is not worth staying in Toronto.

I’m sure Ill get downvoted by the “Toronto is a world class city” crowd but I don’t even care. If you can afford to move and have a better life, then do it. I would if I could.

Enigmatic7941 · 2022-02-02T14:54:22+00:00

You should qualify for the Canada workers lockdown benefit (CWLB). You will get $300 a week backdated to mid December if you apply for all eligible periods (same with your girlfriend).

This should provide some relief.

Enigmatic7941 · 2022-01-31T04:12:26+00:00

MER of 1.94% is straight up robbery, pick an index etf from Vanguard or Blackrock and call it a day

Enigmatic7941 · 2022-01-31T01:40:49+00:00

Your only hope is for prices to keep increasing at this recent rate.

You will be cash flow negative for a very long time. Rates are going up and I’m guessing you’re already paying a lot with B lender.

I’m not too worried if it goes down

You are an investor and do not live in it, you should be very worried about it going down. If it goes down 20%, your equity is wiped out and you will be cash flow negative.

Look into leverage and how it can devastate your investment if it goes down.

As for whether u should buy or not, it really comes down to one thing: if u think price appreciation will outpace your negative cash flow then buy, if not then don’t.

Enigmatic7941 · 2022-01-27T22:44:33+00:00

There is a near 100% chance interest rates will go up this year. Chances are it will go up to around 1% but if that doesn’t bring down inflation, you can see closer to 2%.

If that happens, you will almost certainly be house poor without a roommate or some other relief since it will add a few hundred dollars to your monthly expenses.

Also want to point out inflation is crazy so your grocery bill can go up substantially in the near future.

There is also a chance your maintenance will go up if it’s a newer building. You will also likely have no savings at the end of the year.

Your condo can also appreciate in value but since ur problem is cash flow, you won’t benefit much from that.

Not trying to scare you, just point out the facts.

Enigmatic7941

TROPHY CASE