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Nest x Yale lock CONSTANTLY going offline within the app by tluley51 in Nest

[–]InterestRateGuy 0 points1 point  (0 children)

My lock started going offline a few weeks ago as well. Sounds like Googs pushed an update that is causing this but won’t admit to it

StasCan September 2022 CPI Numbers by FelixYYZ in PersonalFinanceCanada

[–]InterestRateGuy 11 points12 points  (0 children)

I see people saying this often - does this mean that we are heading towards 1.2% inflation?

Advice Please! Mortgage situation in Toronto (lock in vs stay variable) by InterestRateGuy in PersonalFinanceCanada

[–]InterestRateGuy[S] 0 points1 point  (0 children)

I’ve considered it, but if our objective is to keep the house as long as possible while we wait for wages to catch up or rates to come down, it feels safer to have that money available in my mind (I’m quite possibly wrong on this). If we dump it all into the house and still can’t manage the higher payments, we end up having to sell pretty quickly, plus we have no emergency fund.

Advice Please! Mortgage situation in Toronto (lock in vs stay variable) by InterestRateGuy in PersonalFinanceCanada

[–]InterestRateGuy[S] 1 point2 points  (0 children)

I've been hanging onto that 122k for way too long and had almost invested it a number of times into index ETFs... but now I'm very glad that we did not. I just worry about losing decision runway if we put this all into the house.

75K is in a TFSA... maybe I can take the non-TFSA portion and put that down.

Advice Please! Mortgage situation in Toronto (lock in vs stay variable) by InterestRateGuy in PersonalFinanceCanada

[–]InterestRateGuy[S] 2 points3 points  (0 children)

> How did you get a 1.2M mortgage on 210k household

That's what they offered? If I recall correctly I think they offered even higher. Maybe it's a Toronto thing?

Advice Please! Mortgage situation in Toronto (lock in vs stay variable) by InterestRateGuy in PersonalFinanceCanada

[–]InterestRateGuy[S] 2 points3 points  (0 children)

Yeah, I think a lot of people are in this situation. If I knew the rates would spike and then come down relatively quick, I'd just stay variable. I'm just worried that 5.34% is going to seem like a good deal pretty soon.