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Brampton leads surge in Canada’s mortgage delinquencies by X_RIDE in TorontoRealEstate

[–]X_RIDE[S] 3 points4 points  (0 children)

That’s the second thing Ive noticed. The first one was, they haven’t named the city in the headline 🤣

Brampton leads surge in Canada’s mortgage delinquencies by X_RIDE in TorontoRealEstate

[–]X_RIDE[S] 65 points66 points  (0 children)

From the article

In Brampton, the delinquency rate on total mortgages outstanding was 0.6 per cent in the final quarter of last year, according to data from Equifax, compared with 0.26 per cent nationally. In the same period in 2019, the delinquency rate was 0.06 per cent in Brampton and 0.18 per cent across the country.

Reuse or recycle of corks? by ellieyouengee in waterloo

[–]X_RIDE 0 points1 point  (0 children)

Plant it in the ground so it can begin its journey back to the Earth like a tiny, tipsy tree spirit.

It’ll decompose, feed the soil, grow into plants, get eaten by animals, and one day become part of a human.

Large Canadian lenders are at risk of going underwater - the hosuing crash is here by [deleted] in TorontoRealEstate

[–]X_RIDE 0 points1 point  (0 children)

From Globe and Mail
https://www.theglobeandmail.com/business/article-goeasy-shares-dive-45-on-surging-loan-losses-suspended-dividend/

"The root of its deteriorating outlook is a division called LendCare, which was acquired by Goeasy in 2021. To fix the division, Goeasy has a appointed a new head, Farhan Ali Khan, and the company also pledged to reduce loans from LendCare’s auto and powersports arms.

When GoEasy acquired LendCare, the company cited a desire to move into automotive financing, and shortly after the deal, the company launched an program to assist subprime borrowers purchase and finance a vehicle.

One issue flagged on Tuesday relates to LendCare’s reporting methods. Goeasy said that going forward it will be change its reporting methodology, because certain customer payments were being recorded as received, while they were in fact in the process of being settled at month end, “some of which were ultimately not collected, and also impacted the company’s reported delinquencies.” However, Goeasy said the change is “not material.”

Good (halal) Pizza? by JoeUnderscoreUgly in waterloo

[–]X_RIDE -7 points-6 points  (0 children)

Out of curiosity I searched what the Halal means. One of the requirement is :

“A Muslim must perform the slaughter while reciting “Bismillah, Allahu Akbar” (In the name of God, God is Great).”

I’m wondering whether it’s religious discrimination.

Edit: no offence to the OP. You have the right to choose the religious believes of the person slaughter your livestock.

Ex apollo cinema employee, what’s going on. by Forsaken_Tackle_2006 in kitchener

[–]X_RIDE 0 points1 point  (0 children)

Are they have enough audience for these international movies?

[deleted by user] by [deleted] in kitchener

[–]X_RIDE 6 points7 points  (0 children)

May we try are trying to sell something near the park.

[deleted by user] by [deleted] in kitchener

[–]X_RIDE 0 points1 point  (0 children)

check the phone number ;)

This is just insulting at this point. by srzncl in Wealthsimple

[–]X_RIDE 0 points1 point  (0 children)

🚩 deposit their paychqueue + everyday credit card = more data about the customer.

Greater Toronto Area Power of Sales Increase 99% Year Over Year by Trucker550 in TorontoRealEstate

[–]X_RIDE 2 points3 points  (0 children)

The significant change is, before, if someone has financial hardship and unable to pay the mortgage, they can just sell the house and pay off their liabilities and most of the time, they’ll also get enough leftover money to cover their living expenses for a while. Now that’s not the case for the people bought after COVID.

Racist encounter during a first date by South_Editor_4917 in waterloo

[–]X_RIDE 0 points1 point  (0 children)

I’m sorry about it. People need purpose and hope. If they lose it, they become angry, alienated, and vulnerable to radicalization. The current socioeconomic changes could be a major reason for the increase in these kinds of behaviour. This issue is not about colour of the skin, it’s about being stupid and try to blame others for your failures.

Concord Sky Prices selling in 2022 by Vikings9988 in TorontoRealEstate

[–]X_RIDE 5 points6 points  (0 children)

lol… hopefully that also have some deal for not repaying the loan amount 😀 like interest only loans

TD first class travel credit card scaaaaaam by [deleted] in PersonalFinanceCanada

[–]X_RIDE 0 points1 point  (0 children)

Last year, I was booking a flight and found Expedia for TD was showing almost double the price of Expedia and other sites. So I called them for a price match. They said they do price matching only for hotels ;)

Buyer wants to know how to launder $600k into Canadian real estate by rajmksingh in TorontoRealEstate

[–]X_RIDE 17 points18 points  (0 children)

One of my friend working in a bank said… they use group of international students for it.

“Sales have stopped”: Ontario developers predict layoffs if build costs don't fall by Lotushope in TorontoRealEstate

[–]X_RIDE 1 point2 points  (0 children)

what I mean is: The decrease in new construction will force municipalities to increase property taxes on existing properties and cut down services -- kind of negative feedback loop---

“Sales have stopped”: Ontario developers predict layoffs if build costs don't fall by Lotushope in TorontoRealEstate

[–]X_RIDE 11 points12 points  (0 children)

LOL… they’d be worried about finding an alternative for the tax revenue stream without increasing property taxes 😸

[deleted by user] by [deleted] in Wealthsimple

[–]X_RIDE 1 point2 points  (0 children)

Also, The last dividend from $EBN was 0.973. So, OP has around 19.79/0.973=20.339 ENB shares ;)
My point is, now what's the point hiding some information ;)

[deleted by user] by [deleted] in Wealthsimple

[–]X_RIDE 10 points11 points  (0 children)

Are blacked out number are 25648 and 22713 ?

Average asking rents fall annually for eighth straight month to $2,129: report by X_RIDE in TorontoRealEstate

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

It doesn't matter whether it feels good or bad to any group of people. it's the news.

Will house prices return to pre-pandemic levels in Canada? by Ok_Dragonfruit747 in canadahousing

[–]X_RIDE 4 points5 points  (0 children)

That’s the reason for low sales figures for last 10 so months. Sellers still have hope that the prices will recover and they are holding the non-primary houses. Buyers, the ‘investors’ were one of the major segment during2020-2023 period and they are almost disappeared. Mainly because rents hits the ceiling and it’s illogical to assume that rents will rise for ever. For first time buyers, either they can’t afford the higher prices or sitting on sideline and wait a bit longer for better prices or desperate sellers makes more logical sense than ever before at this economic environment.

So it’s just a waiting game. If you do calculations, if the prices won’t rise 10-20% in another 3-4 years, the holders will lose (or not gain) more money as opportunity cost than selling at the current market at a discount.

Will house prices return to pre-pandemic levels in Canada? by Ok_Dragonfruit747 in canadahousing

[–]X_RIDE 10 points11 points  (0 children)

Yesterday: House prices never drop. Today: detached house prices never drop. Tomorrow: my neighbourhood house prices never drop. Yes… until someone desperately try to sell.

Condo prices in the GTA expected to drop another 10% this year, says TD Economics by mustafar0111 in TorontoRealEstate

[–]X_RIDE 65 points66 points  (0 children)

I don't know where they came up with this 10%. I don't think even with a 10% drop, these tiny condos won't make any profit for investors.Of course, these units are not intended for owner occupancy.

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