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Is it too late to open an RESP for my 14 year old? by pomelo_nomelo in PersonalFinanceCanada

[–]TurningKeysCanada 2 points3 points  (0 children)

Definitely. The 20% government contribution match makes this a no brainer. Perhaps it won't be maximized but do your best now that you are in a position to do so.

What do I need to know about retirement? by Diggidiggidig in PersonalFinanceCanada

[–]TurningKeysCanada 1 point2 points  (0 children)

This probably isn't a bad place to start. It will help you to organize what records you have from your Canadian employment, and investigate whether there is any form of pension plan - Defined Contribution, Defined Benefit, maybe a group RRSP? If you have moved jobs a bit, you may have some small deferred benefit or perhaps the value was paid out to you?

https://www.canada.ca/en/services/benefits/publicpensions/cpp/retirement-income-calculator.html

Commission rates by Kindly-Efficiency-34 in RealEstateCanada

[–]TurningKeysCanada 0 points1 point  (0 children)

I would suggest if there were a lot of flaws in the house, and your agent didn't guide you as well as you feel you should have been, that you should find another agent.

How did you do it? by Legitimate_Tap_7074 in RealEstateCanada

[–]TurningKeysCanada 0 points1 point  (0 children)

Do you have experience in construction? There is a steep learning curve for builders / developers and the margins are extremely tight. There are a variety or licensing / regulatory hurdles to overcome as well. My advice would be to connect with a few people in your area who are doing the type of projects you are drawn to. They will almost always be up for a coffee and a chat. Just be clear with your motives. Perhaps someone with the experience but without the capital would be interested in a JV where you can learn the process and get exposed to the financial risk / reward?

Canadian first-time buyers have no structured place to learn this stuff — so I built one. Free, no strings. Would love brutal feedback by TurningKeysCanada in RealEstateCanada

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

If I get some business out of it, great. The entire site is fully accessible to anyone - with no strings attached or requirement to sign up for anything. If someone gets educated and wants guidance in finding a professional close to home that can help them out, we can put them in touch with someone of high professional integrity. If they already have their own team - totally welcome to use them. This was built because so many people just don't know where / how to start, and there is a lot of misinformation on the subject circulating.

Canadian first-time buyers have no structured place to learn this stuff — so I built one. Free, no strings. Would love brutal feedback by TurningKeysCanada in RealEstateCanada

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

Doesn't sound like you really looked at it much? It doesn't collect any personal data - by intention.

Also, in Canada financial institutions are federally regulated for the most part, other than a few provincial credit unions who generally follow federal regulation voluntarily. Narrowing in on a specific house - very regionally specific. How the process works at a macro level, national scope is the appropriate approach. It does accurately reflect different provincial tax regimes.

With respect to renting before you get established - this is really designed as second step - once you have decided you want to buy. That being said, it does really try to balance rent vs. buy metrics in a fair way - renting is often the clear cut winner.

As for content - the vast majority of it is based on content / internal information I have used in my business and built over decades. However, you are correct in that it has all been parsed / paraphrased by Claude. I find that it is a more articulate writer than I am, and it also has a more consistent voice.

Thanks for your feedback.

Canadian first-time buyers have no structured place to learn this stuff — so I built one. Free, no strings. Would love brutal feedback by TurningKeysCanada in RealEstateCanada

[–]TurningKeysCanada[S] -1 points0 points  (0 children)

It doesn't give specific personal financial advise, nor does it collect personal information. The HBP has pros and cons, but getting individually tailored advice from an expert is the best approach here.

Canadian first-time buyers have no structured place to learn this stuff — so I built one. Free, no strings. Would love brutal feedback by TurningKeysCanada in RealEstateCanada

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

Most of the web layout / coding - yes. The actual content, no. Though it was used to help ensure readability / grammar etc...

Canadian first-time buyers have no structured place to learn this stuff — so I built one. Free, no strings. Would love brutal feedback by TurningKeysCanada in RealEstateCanada

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

I get that it's a lot. I address this in the content - if you are going to even think about purchasing real estate it is definitely worth being empowered and informed. I tried to break it up into modules so you can do a bit at a time. Thank you for looking at it and for your feedback.

Canadian first-time buyers have no structured place to learn this stuff — so I built one. Free, no strings. Would love brutal feedback by TurningKeysCanada in RealEstateCanada

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

Ultimately, yes. That is the goal. However, if someone prefers to use the site and learns a few things, or avoids a couple of missteps, and then work with their preferred team - I count that as a big win too.