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what about your central bank’s rates doe
Still shit.
Oof. I locked in around 2% a year ago iirc.
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Ya I think so too. First time in years we considered going fixed. Worth it so far.
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what were your variable discounts on prime?
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good, i’m gladOk I just asked my wife, we’re in at 1.64%
budget for a much higher payment in 5 years doe
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-0.65?!?! that’s bullshit, you should be getting offered at least -0.80 bruv!!
Didn’t you just purchase another place in Canada to help family? How’s that go?
I'm no expert on mortgages - but why would a fixed loan increase? Is it tied to inflation? That's not really "fixed", bruh.
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i don’t know how to say this without sounding crass, but i bought it through my real estate investment company so there is no loan AND i’m contributing to the housing crises. yay?
seriously though it was eye opening, i’ve never bought single/detached housing units, my brother and I own apartment complexes that are mostly social housing (government is best tenant). i was losing bids to multibillion dollar companies that specialize in buying single dwelling properties, and losing yuge. this is in small town ontario about 1.5 hours north of toronto. it was disheartening, i knew it was bad but i can’t even imagine trying to buy a place in Ontario or BC as a “regular” buyer.
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that’s the rates banks will be offering, which is tied to the rates set by your central bank. (The Prime Rate: What It Is & Why It Matters) fixed is fixed like u said. so if you’re locked in like
@Nuk Soo Kow you’re laughing, if you got a variable and want to switch to fixed you’re going to temporarily eat it hard but might come out ahead.
You’re a good person bud. Housing here is ridiculous. Always has been but lately it’s too much. My wife has been wanting to be in a position similar to yours as far as owning complex’s so fingers crossed for that future. We got into our last place just over a year ago. Market was climbing but we beat the real crazy upswing thankfully. If I didn’t want to live here i could sell and pocket 100k if I sold tomorrow. No idea how younger people are going to get into homes when they need them.
We have variable loans too, but our fixed loans are fixed. You are locking that rate in for the life of the loan. Your payment can go up if your insurance premium or property taxes increase and you have them tied to the loan, but if you are locked in at 2.5% today, you'll be at 2.5% in 30 years, with no penalty for early payoff.that’s the rates banks will be offering, which is tied to the rates set by your central bank. (The Prime Rate: What It Is & Why It Matters) fixed is fixed like u said. so if you’re locked in like
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this is literally communism
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nuh uhh
I was talking to Kevin.
Volatile Lumber Prices Bottom Out At A Higher Low
On April 12, the nearby lumber futures price fell to just below the $760 per 1,000 board feet level. Since then, the price recovered and was over $900 on April 27. Lumber futures are illiquid, but they are a barometer of industrial demand as wood is a critical input in new homes and other...
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lumber barons:Volatile Lumber Prices Bottom Out At A Higher Low
On April 12, the nearby lumber futures price fell to just below the $760 per 1,000 board feet level. Since then, the price recovered and was over $900 on April 27. Lumber futures are illiquid, but they are a barometer of industrial demand as wood is a critical input in new homes and other...www.barchart.com
The bar has been raised.lumber barons:
Just like I predicted
If you own lumber stocks...
