Ranbir Gill

5K posts

Ranbir Gill

Ranbir Gill

@SC604V

Beigetreten Aralık 2016
218 Folgt228 Follower
Ranbir Gill
Ranbir Gill@SC604V·
@ronmortgageguy Wow @ronmortgageguy is that for uninsured mortgages. That would put the stress test at 5.89%. Looking to renew a 1.6MM and that 3.79-3.89% looks amazing in the current context.
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Ron Butler
Ron Butler@ronmortgageguy·
Not all Financial Institutions but suddenly there are 3.79% & 3.89% fixed rates available BUT 3 - Yr Fixed NOT 5 - Yr Fixed which still has a 4 in front of almost all Rates The stronger possibility of a lower BoC Rate definitely gives Variable Rates some life But how much? 5/
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Ron Butler
Ron Butler@ronmortgageguy·
US Inflation Is NOT Surging: What's It Mean For The Fed Rate & Whats That Mean For The Bank Of Canada Rate US headline Inflation came in below expectations 2.7%% vs 2.8% estimate) even as the core Inflation numbers were over estimates (3.1% vs 3% estimate) What's next? 2/
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Ranbir Gill
Ranbir Gill@SC604V·
@valdombre We're a Post-nation state now. Those foreign investors are funding the retirements of homeowning Canadians by inflating their asset values allowing them to take huge sums of money out when they sell or refinance
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Riley Donovan
Riley Donovan@valdombre·
Let the real estate speculators and developers whine and complain. Keep the immigration restriction coming and let home prices plummet.
Riley Donovan tweet media
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Ranbir Gill
Ranbir Gill@SC604V·
@valdombre Guy looking for a job there is obviously a native born Canadian as well.
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Riley Donovan
Riley Donovan@valdombre·
Assimilated immigrants are often just as fed up with mass immigration as native-born Canadians
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Ranbir Gill
Ranbir Gill@SC604V·
@Mapletreelady @ronmortgageguy 60s & 70s it was poor village families Now some are lower income, but lots of upper middle class and wealthy city folk Kids come as anchors, get PR and parents send $$$. Parents aren't citizens so no income tax implications. And gifts have no tax either. That's how.
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Betty
Betty@Mapletreelady·
@ronmortgageguy I never understood how a lot of new comers that come to Brampton , who don’t work or at least work a good paying job , are buying up all these houses. There’s no way we have 10,000s of millionaires moving to Canada every month…
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Ron Butler
Ron Butler@ronmortgageguy·
Mortgage Document Fraud Grows Again: For Brand New Reasons 2021 & 2022 were a high watermark for Income Document Fraud FOMO pushed it to all time highs It fell off drastically in 2023 & 2024 but is now making a comeback in a different way Refinance brings it back strong 2/
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Ron Butler
Ron Butler@ronmortgageguy·
In 1946 Canada Had The Third Largest Navy On Earth: Today We Cannot Even Build A Ferry In BC We Buy Them From CHINA That's God Damn pathetic & is a searing indictment of the collapse of building ANYTHING except Condos & Cars Oh and the cars, maybe not much longer WTF? 2/
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Bryn Davidson @Lanefab
Bryn Davidson @Lanefab@Lanefab·
@tholder No, Ontario sold last year before going to market. We do have an open house for the Elgin St. Net Zero Fourplex coming up on the 24th (but I believe its all rented/occupied):
Bryn Davidson @Lanefab tweet media
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Ranbir Gill
Ranbir Gill@SC604V·
@JG_Nuke @jpastaman Is the all cash part somewhat misleading? Doesn't all cash buyer usually just means that you have no mortgage subjects The buyers still likely will go for a mortgage. They're just hooped if they can't get it Not having a mortgage subject just guarantees the purchase
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Nobody Special
Nobody Special@JG_Nuke·
Good thing there's no tax on unrealized capital gains🤨 h/t @jpastaman
Nobody Special tweet media
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Ranbir Gill
Ranbir Gill@SC604V·
Angelica 🌐⚛️🇹🇼🇨🇳🇺🇸@AngelicaOung

Because for some insane reason the Chinese companies don’t focus on “maximizing returns to shareholders” but “minimizing profits so you can kill your competitors.” They call it being 內卷 or “involuted” although I’ve never understood the meaning of that term either in English or Chinese. I just know what it is. Imagine a German Mittelstand SME cornered the market in making some obscure but essential widget for more than a century and got the bright idea of outsourcing the manufacturing to China. For 8-15 years everything works beautiful. Costs plummet and even junior Chinese executives get to fly business class because everyone is so flush. Then, on a cursed day, some Chinese guy figures out how to do it without the Germans. The $8,000 widget becomes $950 overnight. If you asked him how he arrived at that insane pricing he’ll say “I take my cost. I add my 20% profit. Boom.” But wait! You and the woebegone German are the only ppl on the planet with this technology? Why not price it at $6000? You’ll make more money because you still significantly undercut the German. You’ll both survive and have more money in your pockets! It’s a duopoly. Nope! That maniac, even after he buried that Mittelstand that has been passed through multiple generations minting fat profits, will keep cutting costs. Junior executives aren’t flying business no more. And then he’ll lower prices. On himself. It’s pathological. I’ve heard Chinese economists beg businesses not to do it. It’s why the stock market in Shanghai sucks. And it’s why the Chinese businesses are beasts.

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Ranbir Gill
Ranbir Gill@SC604V·
@GaryFX22 @Tablesalt13 Completely wrong. The entire island, Hippy cities like Nelson, and a lot of First Nations throughout BC.
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Tablesalt 🇨🇦🇺🇸
Tablesalt 🇨🇦🇺🇸@Tablesalt13·
Central and Eastern Canada why are you fighting so hard against Western Separation? You would get Liberal governments forever, in perpetuity. No right-wing boogeyman ever again. No talk of biological clocks. Free printed money forever. Win-win.
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Bryn Davidson @Lanefab
Bryn Davidson @Lanefab@Lanefab·
Six storey, single stair 12 plex with shared rear yard. On a single residential lot.
Bryn Davidson @Lanefab tweet media
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Ranbir Gill
Ranbir Gill@SC604V·
@Tablesalt13 BC doesn't want to separate. You need to reframe it as not Western Canada but just Alberta.
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Tablesalt 🇨🇦🇺🇸
Tablesalt 🇨🇦🇺🇸@Tablesalt13·
You could be super green! Free energy for all. Free veneers for all. Free food at the government grocery store. No dirty Alberta oil. No pipelines. No more peksy Danielle Smith complaining all the time. A divorce would be great for everyone. Lets get divorced!
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Ranbir Gill
Ranbir Gill@SC604V·
@Lanefab Great post! So much wonderful info. What's your experience with New West?
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Bryn Davidson @Lanefab
Bryn Davidson @Lanefab@Lanefab·
In 2009 we built Vancouver’s 1st lane house, and we built a company branded around that new housing type. We were able to do that because Vancouver allowed them citywide (without too many poison pill policies). Now we need the same approach across the country. Let’s go!
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Bryn Davidson @Lanefab
Bryn Davidson @Lanefab@Lanefab·
2. No Development Permits, Just Building Permits You can’t micro manage aesthetics of distributed missing middle housing & have it be scalable or useful as a housing policy (ask New West or DNV) Have clear permit rules. No n'bour notification or subjective design guidelines
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Rise Of Alberta
Rise Of Alberta@RiseOfAlberta·
The First Nations have no “veto” on Alberta Separation. The Sturgeon Lake Cree Nations Chief’s should educate themselves on the law before releasing nonsensical press releases. No group can halt the Alberta Independence movement because they aren’t interested in participating in a democratic process.
Rise Of Alberta tweet mediaRise Of Alberta tweet media
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Tablesalt 🇨🇦🇺🇸
Tablesalt 🇨🇦🇺🇸@Tablesalt13·
Why Alberta separation is much more dangerous: Quebec separation is borne from manipulating a relationship to increase prosperity Alberta separation is borne from shedding a relationship to increase prosperity For Quebec its about extraction, for Alberta its about severance.
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Keith Baldrey
Keith Baldrey@keithbaldrey·
Rustad backs Poilievre in the looming civil war within the the federal Conservatives. Not sure how this plays in his own caucus. There are definitely anti-PP MLAs in his caucus. #bcpoli #cdnpoli
John Rustad@JohnRustad4BC

I want to commend Pierre Poilievre and the Conservative Party of Canada for delivering material gains — in both votes and seats — and for forming a principled, strong opposition. Millions of Canadians rallied behind Pierre’s message of affordability, freedom, and common sense. Across Canada, and especially here in BC, I am encouraged to see the emergence of an energized, strengthened, and durable Conservative movement that includes more young Canadians, new Canadians, and blue collar Canadians than ever before. For our broader movement to have the best chance to succeed, I believe Conservatives must support Conservatives at all levels of government. It takes political courage, but I believe — if conservative parties are aligned on policy and approach — it’s the right thing to do. I am proud that here in BC, our team of MLAs spent time calling, organizing, and advocating for Pierre Poilievre’s Conservative Party of Canada. To every candidate who put their name forward, to every volunteer who gave their time, and to every Canadian who voted for change — I want to personally thank you. The future of Canada’s conservative movement is bigger than any one election. Now, in BC, we must turn our attention to renewing and reworking Confederation to create the conditions for the West — and especially BC — to thrive, as well as restoring self-reliance, and rebuilding trust in the promise of BC and Canada: the simple idea that BC and Canada are a land of opportunity and prosperity where you and your family can work hard and get ahead. For all Conservatives in BC, our work continues now — and we will not stop. Finally, I want to acknowledge Prime Minister Mark Carney for securing a narrow minority mandate in this remarkably close election. While I did not support a fourth term for his Liberal government, this is the choice Canadians have made. This government now bears the responsibility of delivering results in a country that is more divided, more strained, and more urgently demanding change than ever before — we will all be watching closely, for the future of BC and Canada the stakes have never been higher.

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