Buying, Real Talk with Corbin | May 1, 2024 | written by Corbin Chivers
CANADIAN DEBT = $2,920,000,000,000 !!! Canadians owe nearly 3 Trillion Dollars in debt, topping 130% of our GDP! ๐ธ๐ธ๐ธ While Canadians have stopped borrowing as much, now that rates are SKY HIGH, we still accumulated a whopping amount of debt, especially over the past 4 years! ๐ฑ๐ฐ To put it in perspective, from March 2020…
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Real Talk with Corbin | May 1, 2024 | written by Corbin Chivers
๐Fixed Rates To Reach New Peak?! With Surging Bond Yields reaching their PEAK for 2024, we’re likely to see fixed rates get pushed up yet again this year! This is definitely not the news most of us want to hear right now, that’s for sure. ๐ธ๐ฅ๐ On the variable side, many in the forward rate…
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Real Talk with Corbin | April 19, 2024 | written by Corbin Chivers
๐จ A Montrรฉal Tenant was just ordered to pay 6 years of withholding tax because his landlord apparently was a NON resident! ๐ฑ The landlord had failed to pay their 25% withholding tax to the CRA so after the CRA couldn’t collect overseas they instead in a totally unprecedented move went directly after the…
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Real Talk with Corbin | April 14, 2024 | written by Corbin Chivers
Would you buy property with 12 total strangers to hack the cost of housing? ๐ก ๐ข One lady in North Vancouver did exactly that. Heidi Woodley had a dream to own a cottage in Horseshoe Bay, one of Canada’s priciest areas. ๐ Oddly enough, a property with EIGHT cottages came up for sale at $3.8…
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Real Talk with Corbin | April 7, 2024 | written by Corbin Chivers
๐ด You need to earn a whopping $230,000 per year to buy the AVERAGE home in Vancouver, according to ratehub.ca. ๐ฐ๐ก This income is based on the average home in Vancouver being $1,183,300. Do you want to know what you’d have to earn to buy the average DETACHED house, valued at $1,972,400? It’s, for lack…
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Real Talk with Corbin | April 6, 2024 | written by Corbin Chivers
๐ Stats Canada just released new data that shows for the first time in over a decade, More people left BC than those who moved to the province. In 2023 Alberta received a surge of interprovincial migration, gaining over 55,000 new residents, with nowhere else even coming close.ย In that same year, BC LOST almost…
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Real Talk with Corbin | April 5, 2024 | written by Corbin Chivers
He claims will help protect renters from being taken advantage of by their landlords. ๐ฅ He wants to nationalize lease agreements and create a law requiring landlords disclose the rental rate history to potential tenants.ย Trudeau claims that this will be really helpful for renters to negotiate their new rent with their landlords. ๐ผ๐ He…
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Real Estate Tips, Real Talk with Corbin | March 26, 2024 | written by Corbin Chivers
Are you Alberta-bound? With more British Columbians moving to Alberta than ever (especially Calgary!) I wanted to do a deep dive into this migration pattern and see whatโs really happening. It was time to see just what the numbers were exactly and share them. Personally in my business, since 2020 I have never had more…
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Real Talk with Corbin | March 18, 2024 | written by Corbin Chivers
๐๏ธ Newlands is an 18-hole course with banquet and wedding facilities for up to 700 people. I can attest to this as we had our high school dry grad there back in the day, and despite the memories of being awkward and nervous, I do remember the venue was very nice! ๐๐ซ There’s also a…
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Real Talk with Corbin | March 16, 2024 | written by Corbin Chivers
While US real GDP per capita has been steadily increasing, here in Canada we’re actually currently decreasing. This highlights the fact that since 2015 we have rapidly declining when compared to the US. We had been stable at about 83% for about 24 years and then within just 5 years, had fallen to 76% without…
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