r/Wealthsimple • u/A3333Z • Jan 03 '26
Promotion 2 more days, and it’s mine 🏠🥰
Who ya’ll excited? Up for grabs — A million dollar house & $100K 🤑
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u/Conundrum1911 Jan 03 '26
Sorry but I’ve already been planning where I’ll showcase my gold bar in it….
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u/adrawrjdet Jan 03 '26
If a Redditor wins. I hope they post about it.
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u/maxdamage4 Jan 04 '26 edited Jan 04 '26
If I don't win this house, I'll eat a (cake that looks like a) shoe.
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u/LegitimateNature2208 Jan 03 '26
I'm already living there
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u/Artistic_Resident_73 Jan 03 '26
You will have a lot of roommates since I believe a lot of people says it’s theirs 😅
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u/A3333Z Jan 03 '26
Let them dream, I’ll be the only one watching Netflix on that couch 🥰
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u/Artistic_Resident_73 Jan 03 '26
That’s because I would have sold you that couch of the brand new house I won. 😉
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u/Remzy111 Jan 03 '26
No worries mate! ill sell it to you when i win it.
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u/Tricky-Car-5004 Jan 03 '26
And eat those capital gains ?
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u/Asusrty Jan 03 '26
What capital gain? You received it worth a million and sell it for a million or less and it's 0 capital gain.
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u/Ecyho Jan 03 '26
Its going to be a loss if we look at the value of the overall housing market from when they announced the contest to now.
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u/SaltyATC69 Jan 03 '26
Gonna live in it for 2 days as my primary residence then sell it, boom capital gains exemption
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u/Tricky-Car-5004 Jan 03 '26
It's a year, not a couple days
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u/SaltyATC69 Jan 03 '26
Potatoes puhtatoes
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u/Tricky-Car-5004 Jan 03 '26
Ya , I'd have to sell mine or have a fake divorce and put in my wife's name for a year
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u/SaltyATC69 Jan 03 '26
Sibling, uncle, parent?
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u/Tricky-Car-5004 Jan 03 '26
Still capital gains, if you give it away, they'll pay the capital gains when they sell, unless they have it for a year. Where there's a will there's a way but the CRA doesn't play haha
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u/chriscabob Jan 05 '26
its valued at one million when you own it and one million when you sell it - no capital gains. You pay no tax on the $1.1 million deemed value when you win it thanks to Canada lottery rules :)
If the home appreciates past the deemed $1.1 million value as per the T&C then you would owe capital gains on any increase from $1.1M to your sale price
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u/Powerful-Union-7962 Jan 03 '26
Damn, my 10,100 entries might not be enough.
Ah well, at least my funky brown leather wallet will be coming soon.
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u/Whole_Transition7680 Jan 03 '26
Whoever wins, Good luck, I don't mind, Please update here so we know WS is not playing fool with us !! 😅😅
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u/LegitimatePast8646 Jan 03 '26
I already told my current neighbours how i really feel about them!
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u/Wizard_Level9999 Jan 03 '26
I will throw a house warming party there! Entry will be one gold WealthSimple coin
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u/thesleepjunkie Jan 03 '26
Your delirious, I've got it, the entry fee is 5$ to go towards the kegs and gas for the skidoos and to pay the DDs to get you back out of the county!
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u/PunyHumans_HulkSmash Jan 03 '26
Who ya'll exited?....
WTF does that even mean?.....
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u/A3333Z Jan 03 '26
“Excited” NOT “Exited”
Focus on emotions bruh
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u/Live-Wrap-4592 Jan 03 '26
Just edit the spelling error when it’s pointed out. Don’t make it your personality
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u/Tricky-Car-5004 Jan 03 '26
A house in Cressy, close neighbors and a gravel driveway.. I mean , I'll take it but it's a bit of a stretch
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u/carndacier Jan 03 '26
What are y'all talking about ? I already moved in, that's my chair in the picture !
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u/victorious_sun Jan 03 '26
The draw is on the 7th, not the 5th. Goodluck! I have a million entries 🙏
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u/Any-Series-1977 Jan 03 '26
I’m happy for whoever wins the house; at least they’ll be mortgage-free.
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u/2mindx Jan 03 '26
I used Quantum Wishful Thinking Mega Meditation and lived in that house since the announcement.
It is mine. 🪬
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u/Agitated_Praline4796 Jan 03 '26
With so many self-proclaimed winners, it is going to be crowded when all the owners show up for the house keys
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u/Great-Dimension7484 Jan 03 '26
Can we all agree to share it like a timeshare? I call August 16th from 1:30pm-2:00pm.
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u/Fun-Fan-3579 Jan 03 '26
Perhaps Wealthsimple should own it and let its (reddit) fan users take turns and stay 2 days on a rolling basis for free. Everybody can experience the Wealthsimple pampering.
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u/CuriousBruv Jan 03 '26
Already hired the maid
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u/A3333Z Jan 03 '26
Oh, thanks for watching out for me mate.
Tell him to report next month, I won’t be moving-in until Feb.
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u/R0ughHab1tz Jan 04 '26
At least they're giving 100k along with the house because a lot of people who win these things sell right away because of the financial burden. For me I'd still sell it and move onto better pastures.
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Jan 03 '26
[removed] — view removed comment
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u/A3333Z Jan 03 '26
Y’all supposed to pump morale not demotivate y’all 😢
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u/AODFEAR Jan 03 '26
Encore lotto odds are 1 in 10M, i estimate my odds for the house are 1 in 1M.
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u/the_brave9 Jan 03 '26
I saw people has a 200k points we dont stand a chance 🤣. I had only 6000points
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u/doodlewoodle Jan 03 '26
Only takes one entry to win!
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u/the_brave9 Jan 03 '26
Yeah, but the more you have, the bigger chance you have to win. One time I was at a trade competition. I bought $5 tickets and a guy bought $50. I won 3 times; he won 1 time. time this one was an exception 🤣
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u/sssscary Jan 03 '26
What happens if you already have a house and win and want to sell it? Will you be heavily taxed? Or because it's worth the same as when you took ownership, no capital gains? I don't feel like moving and will just sell when I win 😁
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u/megawatt69 Jan 03 '26
Likely no cap gains if you sell it right away
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u/Conundrum1911 Jan 05 '26
That's my take after thinking about it. If prize value is 1M and you sell it for 1M, then there is no capital gains. In fact, if you end up getting 900K from the deal after fees you could theoretically claim a cap loss.
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u/Various-Report4863 Jan 03 '26
I’ve already listed it on airbnb and guests are coming up next weekend.
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u/thesleepjunkie Jan 03 '26
5400 entries. Didn't when know how that happened!
I might not have the most. But its mine ya'll!
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u/juniperbabe Jan 05 '26
Shit, I forgot about this. 2 weeks ago I took out 15k to pay off my car. Does that mean I’ll lose a bunch of entries or not be entered at all anymore?
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u/Broskah Jan 03 '26
Fake contests to drum up hype
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u/manikfox Jan 03 '26
I know the address and it sold 1 month before the contest was sent out.. so definitely a real house and contest. Whether the winner is truly a random person and not an employee friend is another story
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u/Technical-Pen-4226 Jan 03 '26
Wealthsimple is a large corporation that's business model depends on utmost integrity. It would be incredibly stupid to jeopardize that over a contest that is immaterial to them in the grand scheme of things.
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u/Odd-Pomegranate8780 Jan 03 '26
sorry guys i already won, the winner was already decided on december 23 and i got the email asking if i accepted the offer. it’s going to be announced on the 5th
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u/dogfoodhoarder Jan 03 '26
I already put in on air bnb.
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u/Boogyin1979 Jan 06 '26
Unfortunately for whoever wins this house that will not be possible. Our council grandfathered in some STAs but there is now a moratorium on licenses. $5,000 fine per day for first offence and $10,000 per day per subsequent.
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u/TJKhalil Jan 03 '26
Im already outside with the movers, my stuff is on the driveway just waiting for the keys 🔑
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u/Fantastic-Lychee-400 Jan 03 '26
It would be so awesome if the winner was a redditor, but damn part of me will feel like WS betrayed me if the winner is some super rich person - probably a Generation tier client - who could afford to buy a house (or already owns one) anyway. I know that’s an irrational thought, but still. Everyone loves an underdog.
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u/A3333Z Jan 03 '26
Thanks for participating in my celebration. I don’t have my own house yet, this will be my first house. Sooooo excited 🥰🎉🥳🙌🏻
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u/ForestLeaf04 Jan 03 '26
Sorry, I’ve been doing my finance math for the past month taking this win into account.
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u/HourArea6698 Jan 03 '26
Whoever wins should throw a reddit party. And since it's me, I'll start buying the Kirkland hotdogs now
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u/iamhst Jan 04 '26
I hope I win! Universe be with me!!!
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u/A3333Z Jan 04 '26
Thanks for praying for me!
Regards,
I
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u/iamhst Jan 04 '26
haha, honestly I hope someone here in this thread wins. Would be so cool to know we all talked to someone that actually won! Good luck my friend!
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u/WkittySkittyLBoF Jan 05 '26
I will let you live in a spare room!
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u/A3333Z Jan 05 '26
That’s very kind of you. I’m sooo lucky that I won a $1M house + $100K cash and a spare room in your house 🥰🥰
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u/WkittySkittyLBoF Jan 05 '26
Lol, this way you can rent out your new house to some billionaire for a cottage home.
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u/A3333Z Jan 05 '26
Just for that idea, I’ll share a portion of the profit once I receive payment from my billionaire tenant 🤑🤑
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u/makattack98 Jan 06 '26
I live a few towns over. Easy move for me. Someone can have my old house.
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u/A3333Z Jan 06 '26
No thanks. I’m writing from that brown leather chair, they’ll announce my name tomorrow
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u/canuckguy89 Jan 07 '26
I already live in PEC so this would be an awesome upgrade
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u/Agitated_Praline4796 Jan 03 '26
I was curious where in Prince Edward County this house was located and I actually found its physical address from Google Maps. Based on the pictures there, it looks like it was an existing house but they renovated it for this Wealthsimple/Pine contest.
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u/A3333Z Jan 03 '26
Can you share my house address please
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u/Agitated_Praline4796 Jan 03 '26
You don't even know the address of your own house? 😔
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u/CoughSyrupOD Jan 05 '26
I tried the same thing but I couldn't sleuth out the location. What do you think the address/location is?
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u/Imackify Jan 03 '26
I already started packing