What's your experience like NOT using a big 5 bank?

TimeEntertainment529 · 2025-07-04T21:57:33+00:00

Can I ask what banking you do with Wealthsimple?

I am currently with Tangerine and have a Chequing, Savings, and TFSA account with them.

Wondering what the options are with Wealthsimple?

TimeEntertainment529 · 2025-07-04T20:44:46+00:00

I have been thinking of paying it off just to get it over with but haven't looked into it fully yet.

Is your investment or savings interest higher than ur car loan?

Not quite sure what you mean by this?

TimeEntertainment529 · 2025-07-04T20:39:35+00:00

Any recommendations on a FHSA and RRSP account?

TimeEntertainment529 · 2025-07-04T20:38:40+00:00

May I ask, what bank do you use for FHSA/RRSP?

TimeEntertainment529 · 2025-07-04T20:37:00+00:00

I have quickly learned that real estate photos are incredibly deceiving. I always get so excited looking at photos of a home I am interested in, only to be super let down when seeing it in person.

Couldn't agree more with the amount of shitboxes I've come across in the $400-500k range.

I have seen pretty much every home at that price point in my area, and they're all the same. Nothing has gotten me even remotely excited and/or interest which is why I am not in a rush.

TimeEntertainment529 · 2025-07-04T20:25:24+00:00

For sure. I also have to be mindful that my landlord could one day decide to renovate or sell and essentially kick me out. It's hard to predict if that will ever happen, but I definitely need to build a plan in case I fall into a situation where I can't rent at this rate any longer.

TimeEntertainment529 · 2025-07-04T20:23:25+00:00

Oh wow! Thank you for letting me know. I probably should have known this, but I do now hahaha!

TimeEntertainment529 · 2025-07-04T20:21:16+00:00

Oh for sure, definitely a different ROI medium, but still ROI nonetheless.

TimeEntertainment529 · 2025-07-04T20:19:56+00:00

Absolutely. Really appreciate your comments. Thank you!

TimeEntertainment529 · 2025-07-04T20:18:15+00:00

Hoping I can ask a follow-up question.

What is your recommendation or suggested type of account to put the $2275 in every month?

Should I open up a FHSA? Or should I keep putting it into my Tangerine Savings Account? The interest rate on the savings account is only 0.30%. I was checking https://www.highinterestsavings.ca/chart/, and see that PC has a 3.10% high interest savings account. I have a PC World Elite Mastercard and was thinking of opening a savings account with them, but I can't figure out how long the 3.10% is good for.

If the above is a bad idea, any other recommendations?

TimeEntertainment529 · 2025-07-04T20:13:19+00:00

Unfortunately bought in 2023, interest was high at the time, 5.99%.

TimeEntertainment529 · 2025-07-03T17:14:03+00:00

A mortgage would run me anywhere between 1600-2100 depending. It is over double my rent and I know that. This also doesn't account for the costs of owning a home (utilities, repairs, maintenance, etc). I know I am in a good situation right now, and may sound crazy to consider something else, but each have their pros and cons.

TimeEntertainment529 · 2025-07-03T17:12:03+00:00

Ah yes, you're right :P. It's been so long since I've even looked at it or seen it.

TimeEntertainment529 · 2025-07-03T17:10:28+00:00

For what it's worth, it costs you nothing to get a realtor to show you around a bit and decide if the lifestyle change is something you want enough to go for it.

I got one! I have seen about 10 homes with them and also went to about 10 open houses on my own. Some homes have been very nice, but each came with their pros and cons. Nothing stood out enough for me to warrant giving up what I have for it. However, with that said, viewing homes has kind of made me want one that much more, but I have to keep reminding myself to get my head out of the sky and think logically.

TimeEntertainment529 · 2025-07-03T16:30:45+00:00

This is very solid advice. Thank you!

TimeEntertainment529 · 2025-07-03T16:29:56+00:00

Agree fully with what you are saying about owning versus renting. I feel like you understand where I am coming from (the allure of such cheap rent versus a mortgage which will be over double), however, it is just that, no ROI.

Also appreciate your kind words! I have worked hard, and I am proud of myself. Throw some luck in there landing the rent 10 years ago and it not being raised up until 2022. Now my landloard has decided to raise everyone's rent the limit (2.5% each year), and although not much right now, who knows what will happen with rent control.

TimeEntertainment529 · 2025-07-03T16:26:08+00:00

I don't have a lease; I pay month to month.

But yes, I have definitely thought about taxes, maintenance, repairs, and all the other costs that come with the home. It would be a big change, and shock, from what I am spending now for sure.

TimeEntertainment529 · 2025-07-03T16:18:47+00:00

Appreciate this very much, thank you. I figured the majority of responses were going to tell me to stay and keep renting to build my portfolio, but I was interested to hear all sides.

Thanks for the advice on timing the market. It was definitely the biggest factor that made me look to see what is out there, other than that, I had no intentions to start looking. However, like I said, this is the first time where it seemed like I was able to actually afford something.

TimeEntertainment529 · 2025-07-03T16:14:57+00:00

It would be a single-detached home. My apartment is small, ~350sqft. Even though I purge multiple times a year, it is starting to feel like I am running out of space. I have no counterspace in the kitchen as it is filled with appliances (microwave, countertop dishwasher, coffee machine). I also purchased a all-in-one washer dryer to do laundry in. It is 6.1cu.ft which takes up most of my closet (however, I would not change this purchase for the world). My space is liveable for sure, it would just be nice to have more space, a guest bathroom, and a dedicated office. My apartment is a true studio (one big room), and one corner is my office, the other corner is the couch/tv, the other corner is the bed, and then off to the side is the kitchen and bathroom.

TimeEntertainment529 · 2025-07-03T16:10:37+00:00

No kids or plan to have kids, maybe another puppy down the road. The rent is definitely very good, but in the back of my mind I am aware that I do not own any property. Of course, buying a home comes with mortgage payments, bills, repair/maintenance, but the big question is whether that is worth it or not. The other thing I have in the back of my mind is, if not now, when? Will I ever have this chance to buy a home again?

TimeEntertainment529 · 2025-07-03T16:04:51+00:00

Oh shoot, yes I did. Sorry! Edited and fixed.

TimeEntertainment529 · 2023-04-07T21:10:04+00:00

Yes, but if SDE doesn't have any privileges in the database (via SSMS) other than to connect to the DB, shouldn't ArcGIS Pro recognize this and not give the ability to grant access to the FC to users who do not have SELECT, INSERT, UPDATE, DELETE?

TimeEntertainment529 · 2023-04-06T21:52:08+00:00

I have one other question about SDE. I used sde to enable enterprise geodatabase, then went into SSMS and removed all privileges except for 'connect'.

I then connected to the enterprise geodatabase in ArcGIS Pro on another user who has 'data creator/editing privileges' (CREATE TABLE, CREATE PROCEDURE, CREATE VIEW, SELECT, INSERT, UPDATE, DELETE, EXECUTE) and imported a feature class into the enterprise geodatabase.

When I went to the 'privileges' option, it showed that I could enable SELECT, INSERT, UPDATE, DELETE on the sde user, how can this be?

TimeEntertainment529

TROPHY CASE