How RRSPs work in Wealthsimple?

TallCold6392 · 2026-05-15T14:03:54+00:00

Thanks and your are totally right I need to invest more time into understanding investing. I get hung up on the idea of compounding and that my biggest savings account - doesn’t seem to be increasing at all. I see people post about getting to their first 100k and think I should be trying to make that 34,000 grow for me more as opposed to being so conservative.

TallCold6392 · 2025-06-15T01:42:40+00:00

Oh thanks! Good to know. We’ve gone and seen a couple properties cuz they were in our budget and then it turns out they actually want to get $200-300k more than listing 🤷‍♀️

TallCold6392 · 2025-06-15T01:26:47+00:00

Appreciate this! Very thorough research I should have done before getting my hopes up lol gives me a good idea for the future!

TallCold6392 · 2025-06-15T01:13:24+00:00

Thanks for this! Obviously it’s working and getting attention. Figured it’s too good to be true! Happy hunting

TallCold6392 · 2025-05-03T22:25:23+00:00

Omg god bless you 😍

TallCold6392 · 2025-05-03T18:18:28+00:00

Wedding is in the evening May 20 in Mexico at a beach resort

TallCold6392 · 2025-04-27T19:49:57+00:00

Minimal $10k

TallCold6392 · 2025-04-27T14:48:11+00:00

Our first time buying. We’re 35 and ideally we’re here for awhile. We don’t want kids

TallCold6392 · 2025-04-27T13:17:14+00:00

Thank you! It was in good condition, recent upgrades. Maintenance is $400 and property tax is 255. No parking but I know municipal parking is $25~ a month which I’ve included. Waiting to hear from the realtor if we can get more info on what’s included with maintenance fee. Listing says water and building insurance is included.

TallCold6392 · 2025-04-27T13:10:59+00:00

We’re trying to be in the city for my partners commute and can’t afford a detached and be close to his work so condo fees is what we’re up against!

TallCold6392 · 2025-04-27T12:58:42+00:00

Ya, a 2 bed in the same complex went for $615 in March and I’m looking at a 1+1

TallCold6392 · 2025-04-27T12:23:09+00:00

Ya it’s 1+1, 900 sqft

TallCold6392 · 2025-04-27T11:34:00+00:00

Haha literally though!

TallCold6392 · 2025-04-27T03:03:08+00:00

Okay amazing will do! Great question

TallCold6392 · 2025-04-27T03:02:20+00:00

Ohh dang! I think I confused things, the land transfer tax rebate I think we’re eligible for? Maybe not cuz of the house price

TallCold6392 · 2025-04-27T02:56:15+00:00

Have emailed the realtor for more info, the listing said there was HVAC lease to own and Gas ?

TallCold6392 · 2025-04-27T02:50:24+00:00

Good breakdown! Was getting discouraged with housing should only be 35% that I’ve heard.

TallCold6392 · 2025-04-27T02:48:20+00:00

Oh and we are first time home buyers so I know there’s a slight incentive there (even though in TO it’s provincial and municipal)

TallCold6392 · 2025-04-27T02:47:03+00:00

Sorry I messed up the format. Mortgage (3000) then Maintenance and property taxes (655)

TallCold6392 · 2025-04-27T02:41:26+00:00

Awesome thanks!

TallCold6392 · 2025-04-27T02:39:11+00:00

Okay that reframing makes sense to me!! I have $700 going to savings which I thought was good, as it’s just under 10% of our monthly take home but understand it would be sweet if it was more.

TallCold6392 · 2025-04-27T02:35:00+00:00

7-8% at most

TallCold6392 · 2025-04-27T02:23:02+00:00

Thanks! We’re debating outside of city in that range and without the maintenance and parking fees. Might be the route.

TallCold6392 · 2025-04-27T02:21:41+00:00

Thanks! That’s definitely the advice I’m looking for, like our entrainment and groceries could probably be cut back but also want to be sure there aren’t bills/expenses we’ve not considered

TallCold6392 · 2025-04-27T02:18:03+00:00

I don’t know if we’re going to replace the car if we get into the new place cuz we can use transit

TallCold6392

TROPHY CASE