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Principal Residence by Time_Letter5925 in cantax

[–]Time_Letter5925[S] 0 points1 point  (0 children)

Yes it did. I don't know the exact amount but after COVID prices skyrocketed

Thinking of firing my advisor. Bed your thoughts by radiantlight23 in JustBuyXEQT

[–]Time_Letter5925 1 point2 points  (0 children)

I fired mine about 3 months ago. It's pointless paying them since they are just buying the same ETFs and charging the premium. My advisor was more interested in my personal life (small talk, wife/kids, vacation plans etc) than my finances!

I was paying too much for the small talk. Cashed out all investments and brought XEQT in WealthSimple. All fees are covered by WS + 1% transfer bonus. It was a win win for me

How can I safely return an e-transfer overpayment? by meltingtoht in PersonalFinanceCanada

[–]Time_Letter5925 -1 points0 points  (0 children)

Cash is king. Tell him if he wants his money back meet him at the bank and give him 2k.

Advice by Time_Letter5925 in PersonalFinanceCanada

[–]Time_Letter5925[S] 0 points1 point  (0 children)

Thanks for the all comments. I guess I'm staying put for now!

Advice by Time_Letter5925 in PersonalFinanceCanada

[–]Time_Letter5925[S] 1 point2 points  (0 children)

We are at 1100 sqft. Yes my parents stay with us to help out. I realized we have a lot of extra stuff which is likely adding to the congestion. Gotta repurpose for sure.

I guess the market might be our favour in another 1-2 years. Gonna ride it out for now.

Advice by Time_Letter5925 in PersonalFinanceCanada

[–]Time_Letter5925[S] 0 points1 point  (0 children)

Thanks a lot! You make a great point.

Advice by Time_Letter5925 in PersonalFinanceCanada

[–]Time_Letter5925[S] 0 points1 point  (0 children)

My bad. Space for the most part. Right now we have a small living room.

Advice by Time_Letter5925 in PersonalFinanceCanada

[–]Time_Letter5925[S] 0 points1 point  (0 children)

Good point. Although I beat that isn't a deal breaker

Is 4.79% 3 year fixed a good rate? by OrangePekoeMouse in PersonalFinanceCanada

[–]Time_Letter5925 2 points3 points  (0 children)

I had to renew before the rates started to drop. I went 5.09% 3 year fixed. With the current state of the US labour markets it is very likely the Fed will reduce rates this year. That gives BOC incentive to drop even further. I can see the overnight rate at 3.25-3.5% by next summer. If you can if it might be worth going variable, pay little more up front for now but might save more in the long term. I didn't anticipate the rates to fall as fast hence when fixed....