Calgary real estate prospects

[jutes]

WTF drone. I paid for a visual inspection and by god I want them to climb the roof.

[suntan]

I expect a drone to carry the inspector up to the roof.

[ExtraSlow]

Once had a bank manage to mess up bith the rate and the term, both different than what we had already agreed to in writing.

[arcticcat522]

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Once had a bank manage to mess up bith the rate and the term, both different than what we had already agreed to in writing.

Ya, "mess up"..... oldest trick in the book....

[suntan]

I've wondered about that.

I renewed my mortgage in November, Think Financial completely fucked it up somehow and told me that I couldn't get the rate anymore. They wouldn't tell me what happened. So then they sicked some employee dude on me to get on a different deal, I never wavered and then magically weeks later they gave me the original renewal terms. But then they fucked that up too.

[Xamim]

So for those who are not in the know, and buying for the first time, what's the recommended approach for a mortgage? Is a broker a better way to go vs. a bank?

[ExtraSlow]

In short yes.

The longer answer is that you should compare rates online against any other offers.

I had good service from Tim, who is a beyond sponsor. https://forums.beyond.ca/threads/378...ates-and-FAQ-s

[killramos]

A broker is a good move. I’ve used a bank the last two go around a for various reasons.

I think a broker is marginally better on securing a competitive rate, and for being your “agent” in a way if you aren’t experienced with the process. At least they don’t literally work for the counter party of the transaction ( though they are paid by them).

Retail banks in Canada aren’t usually competitive for rates esp for first time buyers.

[ExtraSlow]

The more experienced and sophisticated you are, the less it matters. Inexperienced buyers benefit most from a broker. I'd be comfortable using a bank, but for some reason have never gotten a competitive quote from mine.

[killramos]

https://www.cbc.ca/news/canada/sudbu...orse-1.6461379

Also. lol

[Xamim]

Awesome, thanks guys. I'll do some more reading into it and get in touch with Tim.

[killramos]

Tim is great. Can’t go wrong.

[suntan]

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https://www.cbc.ca/news/canada/sudbu...orse-1.6461379

Also. lol

100% fiduciary duty applied.

[ExtraSlow]

Fucking Vancouverites.
Fucking Ontarians.

Obvs not a strong combo.

[suntan]

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Fucking Vancouverites.
Fucking Ontarians.

Obvs not a strong combo.

How dare you criticize the smartest peoples in Canada.

[killramos]

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Fucking Vancouverites.
Fucking Ontarians.

Obvs not a strong combo.

"We felt a lot of pressure because all of the news just kept on saying that housing prices are going up and up, and we don't know if there will be a turnaround. It might just continue going up and then we'll be priced out of the housing market forever,"

This quote is all the lulz

ESP in the context of this thread

CBC intended it as hard hitting news, but it’s straight up comedy.

@Buster how hawt is Sudbury real estate?

[Buster]

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This quote is all the lulz

ESP in the context of this thread

CBC intended it as hard hitting news, but it’s straight up comedy.

@Buster how hawt is Sudbury real estate?

I'm for sure under water on my Sudbury rental properties.

[arcticcat522]

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I'm for sure under water on my Sudbury rental properties.

Just outside of Sudbury in Azilda is the haawwt market.

- - - Updated - - -

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So for those who are not in the know, and buying for the first time, what's the recommended approach for a mortgage? Is a broker a better way to go vs. a bank?

Brokers can get you a mortgage through a bank too, if that's the best option.

[finboy]

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https://www.cbc.ca/news/canada/sudbu...orse-1.6461379

Also. lol

[sabad66]

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Awesome, thanks guys. I'll do some more reading into it and get in touch with Tim.

Also don’t let anyone talk you into a bonafide sales clause mortgage. Life almost always happens and the 10 or 20 points you save can quickly turn into a big regret