How much can i expect a real estate agent to vet condo minutes? Whem i bought my condo i could tell the agent did not want to do it, basically said it was ultimately my responsibility. Seems they don't want to be liable for.missing something? Who else can vet the landmines lurking in the condo minutes when buying?
Use Norbert's gambit to convert your CAD to USD in your stock trading account at the big banks so you don't get hosed on the curency conversion rate they give you.
My building has swung from around 45% owner occupiers to close to 80% in the past 5 years. Its a noticeable trend as many investors exit the market but a good thing in my view for current owners generally.
Elections Canada should collaborate with Winner's stores and canabis shops to have a 70 percent off sale during election hours so we can avoid a repeat of the last three elections.
Thanks for posting this video. Our investment condo property has had the same problem. We keep voting yes to fix a retaining wall over our parking level, however other owners vote d no so it wasn't passed. I thought it was a no brainer to do as damage to our parking roof and retaining wall will only get worse so the voting process was just a formality to move forward but nope. Good points on future buyers catching any special levies on the strata minutes and depreciation report so there's no point in voting no as an Investor. I should point that out. On US equalities I agree and have most of my money in US equalities like the S&P500 but more so in Canadian dollars so the VFV ETF because when I retire I plan to be in Canada most of the time. They also rip you off a bit on the way in and out on the currency exchange when investing from CAD to US dollars and back to CAD in the future although I do agree given the drop in the CAD these past two years in hindsight I probably still should have paid the exchange and went in the US dollars but at this point it seems questionable how much more it could drop but I could be wrong. Regardless it's not easy as again I plan to stay in Canada with just maybe a small vacation here or there to Seattle or Hawaii but very rare not even every year.
haha I have one strata I have issues with, Lots of issues with the building that I end up having to pay for. Bad elevator but my unit is on the first floor. I still gotta pay an equal share for the fix. I don't have parking, but I still gotta pay monthly to maintain the parking lot. I get a leak from the upstairs and I need them and i gotta fight tooth and nail to get anything dealt with. A bad strata is such a pain.
To do Norbert and avoid bad currency rate you buy a stock that trades on both canadian and us stock exchanges, one example is DLR which tracks the US dollar. You nuy the stock on the canadian stock market with your CAD, then call the trading desk and ask them to 'journal it over' to its US dollar cousin, (e.g. DLR.U), when they do this you will get the best current exchange rate, not ome they cook up themselves. Then you can sell your US stock and you have USD in your account. Also be careful with buying US stocks at Wealthsimple, they will eat 1% whem they chamge your CAD to USD.
I shot this video on Nov 25th, 2024. Trudeau is now gone and we got a 50 basis point interest rate cut in December with more to come.
Didn’t Shangri-La edit their minutes to remove details of failing windows so future buyers wouldn’t be aware of the issues? Is this legal?
Good thing you put this on the top Owen ! Was wondering already! Trudeau will be gone and we will be going to vote in April or May ! 😅
@@Bergler57 a little caulking and silicone will solve that problem. Why disclose anything, Caveat Emptor
I noticed more and more renters in our previous owner occupied building. I dont recognize more and more people in here, especially when they drive in.
I wonder if a year and a half may give enough time to hold three SGM or AGM?
Great advice sir, USD is super dominant and getting stronger
How much can i expect a real estate agent to vet condo minutes? Whem i bought my condo i could tell the agent did not want to do it, basically said it was ultimately my responsibility. Seems they don't want to be liable for.missing something? Who else can vet the landmines lurking in the condo minutes when buying?
Use Norbert's gambit to convert your CAD to USD in your stock trading account at the big banks so you don't get hosed on the curency conversion rate they give you.
My building has swung from around 45% owner occupiers to close to 80% in the past 5 years. Its a noticeable trend as many investors exit the market but a good thing in my view for current owners generally.
Elections Canada should collaborate with Winner's stores and canabis shops to have a 70 percent off sale during election hours so we can avoid a repeat of the last three elections.
It was stoners who vote him in in the first place...
Thanks for posting this video. Our investment condo property has had the same problem. We keep voting yes to fix a retaining wall over our parking level, however other owners vote d no so it wasn't passed. I thought it was a no brainer to do as damage to our parking roof and retaining wall will only get worse so the voting process was just a formality to move forward but nope. Good points on future buyers catching any special levies on the strata minutes and depreciation report so there's no point in voting no as an Investor. I should point that out. On US equalities I agree and have most of my money in US equalities like the S&P500 but more so in Canadian dollars so the VFV ETF because when I retire I plan to be in Canada most of the time. They also rip you off a bit on the way in and out on the currency exchange when investing from CAD to US dollars and back to CAD in the future although I do agree given the drop in the CAD these past two years in hindsight I probably still should have paid the exchange and went in the US dollars but at this point it seems questionable how much more it could drop but I could be wrong. Regardless it's not easy as again I plan to stay in Canada with just maybe a small vacation here or there to Seattle or Hawaii but very rare not even every year.
haha I have one strata I have issues with, Lots of issues with the building that I end up having to pay for. Bad elevator but my unit is on the first floor. I still gotta pay an equal share for the fix. I don't have parking, but I still gotta pay monthly to maintain the parking lot. I get a leak from the upstairs and I need them and i gotta fight tooth and nail to get anything dealt with. A bad strata is such a pain.
Utterly short sighted to skimp on strata repairs - stupid beyond description.
To do Norbert and avoid bad currency rate you buy a stock that trades on both canadian and us stock exchanges, one example is DLR which tracks the US dollar. You nuy the stock on the canadian stock market with your CAD, then call the trading desk and ask them to 'journal it over' to its US dollar cousin, (e.g. DLR.U), when they do this you will get the best current exchange rate, not ome they cook up themselves. Then you can sell your US stock and you have USD in your account. Also be careful with buying US stocks at Wealthsimple, they will eat 1% whem they chamge your CAD to USD.