Exchange rate
#198
BE Enthusiast
Joined: Feb 2004
Location: British Columbia
Posts: 801
Re: Exchange rate
Just need the Canadians to chop their interest rates by a couple of points and we'll be laughing. Maybe if we think it hard enough, it might happen!
Oh well, we'll see. Been dealing with estate agents this morning. It's going to be hard to part with a % to keep them in the BMWs to which they're accustomed.
Oh well, we'll see. Been dealing with estate agents this morning. It's going to be hard to part with a % to keep them in the BMWs to which they're accustomed.
#199
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Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
ain't that the truth, managed to haggle mine down to 1%. Felt good about it, then we sold the house within a week, so it is going to feel tough giving them over 5 grand for a weeks work.
#200
BE Enthusiast
Joined: Jan 2007
Posts: 386
Re: Exchange rate
2.18 .............
" I am a donkey on the edge"
(Shrek fans will understand)
" I am a donkey on the edge"
(Shrek fans will understand)
#201
BE Enthusiast
Joined: Feb 2004
Location: British Columbia
Posts: 801
Re: Exchange rate
Falling energy prices brought inflation down this month, s'why it's down a couple of points today.
#202
Re: Exchange rate
Based upon past experience since I bit the bullet and changed cash this morning it should start rising again tomorrow
#203
Re: Exchange rate
Just need the Canadians to chop their interest rates by a couple of points and we'll be laughing. Maybe if we think it hard enough, it might happen!
Oh well, we'll see. Been dealing with estate agents this morning. It's going to be hard to part with a % to keep them in the BMWs to which they're accustomed.
Oh well, we'll see. Been dealing with estate agents this morning. It's going to be hard to part with a % to keep them in the BMWs to which they're accustomed.
#204
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Joined: Feb 2004
Location: British Columbia
Posts: 801
Re: Exchange rate
Cheers Rae, yeah, always good to hear other's experiences. Had another agent round today, valuation was 30k different than the first two (probably just a ruse to get my business) so I'm now getting a fourth one in on Thursday to hopefully agree with either the high or the low price (then I'll decide).
For others putting houses on the market this month, general feedback seems to be you have a good chance of getting a bargain through hard barter this month - there's a lot of business out there the agents are fighting each other for because of the HIP thing.
Iain
PS. On the exchange rate thing, if it keeps falling I'll probably stick the flat sale dosh in a UK high interest bond for a year and try again next summer (we're renting for a bit in Vancouver before moving inland a bit in 2008 anyway).
For others putting houses on the market this month, general feedback seems to be you have a good chance of getting a bargain through hard barter this month - there's a lot of business out there the agents are fighting each other for because of the HIP thing.
Iain
PS. On the exchange rate thing, if it keeps falling I'll probably stick the flat sale dosh in a UK high interest bond for a year and try again next summer (we're renting for a bit in Vancouver before moving inland a bit in 2008 anyway).
Last edited by Iain Mc; May 15th 2007 at 6:50 pm.
#205
BE Enthusiast
Joined: Aug 2006
Location: The Vancouver Suburbs... for the next few years anyway!
Posts: 558
Re: Exchange rate
Cheers Rae, yeah, always good to hear other's experiences. Had another agent round today, valuation was 30k different than the first two (probably just a ruse to get my business) so I'm now getting a fourth one in on Thursday to hopefully agree with either the high or the low price (then I'll decide).
Have decided my revenge for them doing nothing and not returning my calls will be to harrass them... I want my money to be worth something - even if its just knowing I'm a pain in the @ss...
#206
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
Ian, you are not wrong about the HIP thing, estate agents are fighting to get properties on the books before it comes into force.
#208
Forum Regular
Joined: Feb 2007
Location: London Uk- Halifax NS
Posts: 101
Re: Exchange rate
I am planning to move over and buy in Sept this year. I have released all my savings now, and yep the rate is right down a high of 2.33 now showing 2.147!!!!
Does anybody have any sensible suggsetions, ie wait till Sept or do it now as its only going to get lower.
Cheers
Does anybody have any sensible suggsetions, ie wait till Sept or do it now as its only going to get lower.
Cheers
#209
philandhev
Joined: Sep 2006
Location: Vancouver Island, arrived August 2007 from Derbyshire
Posts: 26
Re: Exchange rate
I'm in the same situation, I am going in now with partial funds to hedge bets depending on what it looks like tomorrow Monday 21st May. Sunday Times Money headlines today with interest rates expected to reach 6% in UK in July which will give mortgage rates in UK at around 8%. Therefore I am going in now with limited funds and waiting for bulk transfer later in the year.
Its a lottery, if anyone really knew how to play it there would be some very rich people. Is suppose George Soros is the one to ask...
Good luck
Its a lottery, if anyone really knew how to play it there would be some very rich people. Is suppose George Soros is the one to ask...
Good luck
#210
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Joined: Feb 2004
Location: British Columbia
Posts: 801
Re: Exchange rate
I've all but given up for moving funds this summer; unless it gets above 2.25 again will probably hold them in a more-interest-than-you'd-get-in-Canada account/bond until next summer. We're still moving in August but were going to rent for a year anyway as we're planning on moving once I've finished a course in Vancouver.
Historically the rate sits betwixt about 2 and 2.5 so I figure anything over 2.25 is a "win" (alas last time it was above 2.25 I hadn't got the funds free).
Cheers, Iain
Historically the rate sits betwixt about 2 and 2.5 so I figure anything over 2.25 is a "win" (alas last time it was above 2.25 I hadn't got the funds free).
Cheers, Iain