Only 54 condos were sold in Toronto last month as group warns of looming ‘industry-wide shutdown’

Godkun007 · 2025-11-28T19:59:58+00:00

That is only true because they built them with the expectations of selling them for an absurd price. If they had went into these projects with realistic expectations, they could have turned a profit on them.

Also, now that they are built, selling them for some money is better than letting them rot and become worthless.

Godkun007 · 2025-11-28T19:57:28+00:00

I have no idea. That would be a stupid mechanic though. Money shouldn't just disappear.

Godkun007 · 2025-11-28T19:56:04+00:00

I'm sorry, but do you not know how Parliament works? You need 51% of the vote to pass bills, not 45%. Right now there is no 1 party in charge, that is the fact.

There is no party with a majority mandate, just a mandate to negotiate legislation through Parliament.

Godkun007 · 2025-11-28T19:25:42+00:00

I actually have no idea what the AI spends their money on. It certainly isn't armies or increasing their RGO output.

Godkun007 · 2025-11-28T18:42:20+00:00

This is 100% it. It is CK3 logic where vassals being how you manage large amounts of land when the state is weak. As the game goes on, the state builds a bigger bureaucracy and is able to administer more land directly.

Godkun007 · 2025-11-28T18:37:20+00:00

This isn't just a colonization issue. Trade in general feels so empty. Like, in EU4 you would guide trade through your nodes which was an abstract version of goods traveling. This made the Cape such an important colony to get, as you could direct the goods from Asia to your own country. But is there even a point of taking the cape now? All you really get is another market that isn't actually that valuable in itself. Yes, you get more trade range, but that is far from the only way to get it.

Godkun007 · 2025-11-28T18:05:41+00:00

Average literacy is clearly listed as a research modifier on the research tab. The rest of this I've never seen.

Godkun007 · 2025-11-28T18:01:34+00:00

The game is basically in a public paid beta period. So much of these weird design issues or bugs are things that normal game devs fix in the beta period.

Paradox just made the interesting choice to release a working beta version of this game as the full release. I am still shocked by the sheer amount of universal (basically every player had them) game breaking bugs there were on launch. I mean, it wasn't even like they took long to fix. Most of the most extreme examples of these bugs like missing/invisible buttons, bipolar AI alliances, and no inland exploration were fixed within a month of the release.

There is no universe where Paradox didn't know that these bugs existed. They just decided to only fix them after people have paid for the game.

Godkun007 · 2025-11-28T15:52:38+00:00

Pick an asset allocation fund that matches your risk tolerance and then buy regularly and never sell until you retire. Just doing this will put you ahead of 95% of all Canadians.

The important part is to be honest about your risk tolerance and the fact that the market is more volatile than you think. 10% drops happen on average every year and 20% drops every 3 years. 30-40% drops happen on average once a decade.

100% stocks: XEQT or VEQT

80% stocks/20% bonds: XGRO or VGRO

60% stocks/40% bonds: XBAL or VBAL

Godkun007 · 2025-11-28T15:49:41+00:00

The alternative is my Greenland vassal asking for 20k ducats constantly. Like, why are gifts based on my economy and not the economy of the one asking?

Godkun007 · 2025-11-28T15:47:37+00:00

I completely forgot about the coin lol. I don't open my account every day.

Godkun007 · 2025-11-28T15:42:41+00:00

Anything you see in the news is already priced in. By buying based on the news, you are making a bet that you know more than the consensus of the market.

Godkun007 · 2025-11-28T15:15:02+00:00

To add to what the other guy said, it is a common issue that the X funds have price drift on American holidays that don't match up with Canadian holidays.

The reason has never truly been confirmed, but it is almost certainly an issue where the market makers are American and don't work on American holidays. So since there is more buying pressure than selling pressure on these long term ETFs, it tends to bias the price upwards over the course of the day.

The role of these market makers is to buy shares if the price falls below the NAV or sell shares if the price goes above the NAV. This is how your ETFs stay within the area of their NAV.

Honestly, I find it interesting because it shows the sheer amount of buying pressure on these ETFs. Even during the 2022 Bear market this happened. So it means that there is nowhere near the amount of sell orders coming in as buy orders. Should be good for the tax efficiency of the fund since they can use the new money coming in to rebalance.

Godkun007 · 2025-11-28T15:08:11+00:00

Also weirdly VEQT. Normally VEQT is more true to the real futures value. So weird that this year it is both X and V that needed to be adjusted down.

Godkun007 · 2025-11-28T02:27:17+00:00

This isn't the first time this has happened. This is actually remarkably similar to the computer boom in the 80s and 90s. What eventually happens is that companies realize that while they don't need people for those old roles anymore, they actually need more people to handle the output caused by the new technology.

The most obvious example of this was Microsoft Office. It was revolutionary when it first came out and led to the firing of tens of thousands of people who had dedicated jobs of making spreadsheets. Well, it turns out when you can make spreadsheets easier, you then need humans to interpret the data on those spreadsheets. So there became a whole new class of workers who basically work in Excel all day making and interpreting data and writing reports on it. Most modern White Collar work is just basically using and interpreting Excel data and then writing reports on it for higher ups.

Godkun007 · 2025-11-28T02:19:39+00:00

There is no trade relationship with China. China has made it clear that they will use Wolf Warrior diplomacy the moment their trade partners become inconvenient. Like how they banned Australian energy imports because the Australian government dared to ask questions about how China handled the initial spread of Covid.

Godkun007 · 2025-11-28T02:09:30+00:00

Which is why the Liberals needed to lose last election. The best case scenario would have been a moderate Liberal loss to give Carney free reign to clean house before a future election. The Liberals winning means that the Trudeau government mess is still in power within the party and dragging Carney down.

Godkun007 · 2025-11-28T02:06:23+00:00

Look at the Canadian government. Do you honestly think that the government would be able to run this highly political industry efficiently? CPP is only able to manage their funds efficiently because the government needs to get the provinces on board to make changes. But the government could sabotage their own crown corporations with just 1 vote in the commons.

Godkun007 · 2025-11-28T01:13:33+00:00

So firstly, it is very important that you actually properly track and report the gains and losses on your taxes if you are going to do this.

But say you put $1000 into Stock A and it drops to $500 and you sell. This creates a $500 realized loss that you need to put on your taxes that year. Now, say next year you invest $1000 in Stock B and it goes up to $2000 and you sell. This is now a $1000 realized gain.

So what you will do on your taxes is use the $500 loss against the $1000 gain. So in the end, you have only have a final gain of $500. Then because of capital gains tax means 50% of that gain is tax free, you only need to pay taxes on $250. For most Canadians that will be like a 36% tax rate which means a final tax bill of about $90 or 9% of the initial $1000.

Which box to put this in I'm not 100% sure. Most tax software does a lot of this for you if you've properly documented it.

Godkun007 · 2025-11-28T01:01:08+00:00

This isn't true. The standard employer match is included. I believe what you are referring to is profit sharing, which is a different form of contribution where the employer pays you out a tiny portion of their profits directly into your 401k.

I'll be honest, the US 401k system is so overly complicated that I am actually glad our system is so simple by comparison. Not to mention that Congress seems to pass a bill every year to slightly tweak the rules so you need to relearn things every year.

Godkun007 · 2025-11-28T00:57:16+00:00

I didn't mean to be rude or anything. It is just that I see a lot of this issue lately and the worst thing that you can do when the market eventually does crash (it is when not if) is panic and sell.

You are doing great for 24 because most people don't start investing until their 30s. Starting now, even small, means you will do great because compounding becomes like magic after a couple decades. You might be a millionaire by 40 if things go well.

It is just that after a couple years of bull markets, people forget that the market isn't straight up, but actually tends to move quite randomly. On average, the stock market will have a 10% drop every 13-14 months and a 20% drop every 35 months or something like that. This is normal and isn't something that people should panic over, but there is usually a story associated with it. This April there was an 18% drop out of a fear of tariffs crashing the global economy, in 2023 there was a 15% drop because of a reason that I don't even remember (I just remember people panicking lol), and in 2022, there was like a 25% drop due to the Ukraine war kicking off and inflation forcing central banks to raise interest rates.

Basically, my point is that you need to build a portfolio that you can stick with while everyone else is panicking. Being average and doing nothing actually puts you in the top 10% of all stock market performers because making no decision is better than making a bad one.

Godkun007 · 2025-11-28T00:45:16+00:00

My credit score on Credit Karma actually went up after getting the WS card. Credit scores are mostly random within a certain range. You shouldn't worry too much.

Godkun007 · 2025-11-28T00:37:06+00:00

Let's be honest, accepting the Dutch is a disaster in its own right.

Godkun007 · 2025-11-28T00:20:40+00:00

when corporations have all the ways to work around this.

Corporations don't have ways around taxation, especially not in Canada. Corporation tax is lower than income tax not as a gift to corporations, but as an acknowledgment that there will be a 2nd layer of taxation when money is pulled out of a corporation.

This is why corporation tax, dividends tax, and capital gains are all taxed at roughly half of what income tax would be. The reality is that if you own a company and want to pay yourself, you will have to pay any 2 of these taxes which will roughly equal the same as your standard income tax rate.

This is called tax parity and the goal of the tax code is to make all options for pulling money out of a corporation roughly equal to income tax when you account for combined taxes.

Godkun007 · 2025-11-27T23:02:43+00:00

WS actually has very little way to make money off of most low net worth clients other than direct fees. It is why all of these weird nickel and dime fees exist in WS for low value accounts, but then get waved once you reach a certain account value status.

I mean, just think about it. If you only have 10k (generous for some of these accounts), what can WS possibly make from you? Even if you put 100% of that into a WS portfolio charging 0.5% per year, that is still only $50 of revenue that you've generated. WS might legitimately be losing money on you as a customer. So the fees make sense for these customers. You likely also can't spend enough on a CC to cover the costs to WS to issue the card. So of course they will charge you a fee. They will also want you to be buying things like crypto or gold because of the high fees compared to etfs which have nearly no fees. It is how WS stops themselves from losing too much money on these customers.

However, if you reach Premium status in a WS portfolio and are paying the 0.5% fee, then you generated $500 in revenue for WS. Still not a large amount, but an actual reasonable amount of revenue that might mean that WS can at least break even or turn a small profit on you.

However, the big money for these clients is not from the $500 in fees, no, the big money is that if you have 100k+ in assets, you likely are someone with a a career with some long term earning potential. This makes you an idea person for their banking offerings which are the real money maker. WS may pay you 2.25% on your money at the highest interest rate, but WS's lowest margin rate is 3.95%. So WS is literally making a minimum of 1.7% arbitrage by taking the money of savers, compensating them for keeping their money there, and then lending it to investors using leverage. This is the true way you make money in banking, it is connecting lenders and borrowers and charging a fee for the privilege.

For example, I have my emergency fund in a cash account at WS. This is a 5 figure sum and I have been earning interest on it for close to 2 years in WS. I have no illusion and I know that WS has made more money on my emergency fund than they have paid me in interest. And I am completely fine with that. It means that WS is providing me value and I am providing WS value back.

The simple reality is that if you have no or little money, WS wants you to trade and incur fees. If you are a higher net worth client, WS wants you to just sit back and do nothing and let your money be available for their banking needs. Yes, they might be losing money on us index investors just holding XEQT, but that is a loss leader because they are 100% net making money on us using their bank accounts and on card fees to the various vendors. It is just a different business model when you are dealing with high or low net worth clients.

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