How we Bought 2 Homes in 2 years in Canada l Buying multiple homes in Canada l Part-1 l Our Journey
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- เผยแพร่เมื่อ 21 มี.ค. 2021
- So we completed one month of our TH-cam channel today and to show our Gratitude to our viewers, we have come up with one of the most requested topics, HOW WE BOUGHT TWO HOMES IN CANADA IN 2 YEARS..
Yes, we bought our first home in Canada in May 2019 and second home in May 2020. What strategies we used, what challenges we faced and what mistakes we did could be useful to you when you are on your journey of Home buying in Canada.
Our first house is in Brampton, Ontario and second in Caledon, Ontario ( Greater Toronto Area).
The link of our both house tours are below:
The house tour which is on Airbnb: • CANADA House Tour - 3 ...
Tour of the Home we live in : • HOUSE TOUR of their 2n...
Our Monthly budget video : • Cost of living in Cana...
My Insta Handle: chitchat_with_shilpa
Love,
Shilpa
I have watched nearly 40 videos like this.
But this was the most informative video.
Hey Thank u so much....
Informative? I don't understand a single word they are saying.
Ok maybe you don't understand the language they are using.
@@alenac.3934 May be you haven’t buy a house yet
@@chitchatwithshilpa hey Shilpa is it possible to have a one on one chat with you directly? I'm a doctor by profession and have a Canadian PR but licensing is a big problem so could you please guide me as to what I should do in the healthcare system? Thank you
I am pretty sure no other Indo Canadian youtuber is currently giving more quality information than this
Great Journey Shilpa and Amit !!! Thanks for sharing the information. Having good people around you is very important.
Ravish is a good man!! he is one of the angels for you in your difficult time. Cheers to you all!!
Good to see you guys pulled off your second home after a week of stress and crying. People aren’t able to get their’s first no matter how much they try. Because someone somewhere wishes to buy third,fourth!
PS: I own one home :)
I believe this is the only video on TH-cam giving the exact figures. Kudos to you for sharing on such a detailed level 🤩
The better your vibes, the luckier you get :)
True...
Cause of peeps like this, the interest rates has gone up tremendously. Hope all the markets go down as predicted, cause bragging on internet has became a trend these days
Shilpa must say your speaking skills are excellent.Both of you have walked us through your hard time in finanzing your properties best part was the honest and transperancy in your talks.I pray from the core of my heart lots of happiness lots of prosperty and good luck.Hope all your dreams come true.Give some time to your spritual growth now then your life will be totally balanced.God bless you.
Shilpa you have fantastic speaking style I think it's sure natural
Thanks for highlighting the mistakes that you guys have made. Really appreciate.
This is the only channel ,that I willingly subscribed by watching only 1 video.
Inspirational. Hats off to you both!
Shipu and Amit god bless you.. you guys did very hard work that’s why god is always with you 🥰
Such a wonderful journey you guys have and what a amazing piece of priceless free information 😁
I came to Toronto in 2009 with 2 toddlers and bought first 3 BHK condo with 2 washroom in 20 days of landing. We also came from Dubai. In second year, we bought detached house, then we bought our car. In 2016, bought 2 more properties and sold all condos in 2018,2019 & 2020.
You guys are such a Pure Soul.
God Bless You
Hey Shilpa, Its good to see you again. I will wait to see more of your videos. TC
It's a great achievement buying 2 homes in 1yr. God bless you and everyone.
Firstly, big Congratulations on achieving what all you wished for, with great people around. You are blessed indeed. Wow! Havent seen refinancing option in any other vlogs, that's good to know. Thanks for sharing your experience. Stay blessed. Tc
Awesome video!! Looking forward to the next video now.
Now a days Calgary is the only major affordable city to buy two homes for future generations Canadians and Immigrants. Calgary has also fastest growing tech, finance and film industry. Calgary is world’s cleanest and most livable city. It is also sunniest ☀️ city in Canada. I am already seeing some of my friends and family members who work from home moving to Calgary. We will see more of this trend in coming years.
Actually Kitchener in Ontario is fastest growing in tech it’s going to be the next silicon valley
@@kabirsidhu5742 not anymore because of unaffordable housing. Amazon, Infosys, Mphasis And RBC already has announced their headquarters or new offices in Calgary. City of Calgary and government of Alberta are also giving tech companies tax credits to move to Calgary. Calgary also has Mountains 🏔, lakes, rivers,beaches 🏖 , sun ☀️ (sunniest city in 🇨🇦), skyline 🏙 - The combination rare to find anywhere else in the world 🌎 and perfect place for film industry for different scenery.
Don't worry. People like these will now invest in calgsry housing or probably already have done that. In coming time even calgary would be unaffordable .thanks to these kind of progressive people
Thanks Shilpa for Sharing your wonderful Exp. i have done almost same mistake in Stockholm. But some how survived as you guys with the help of some angels. I beleive this part should come in everyone's life to understand who all are aside to you for help and who all are just there to watch the show. Good luck Guys! just subscribed your channel.
The way she speaks the words with ‘s’ sound , makes her conversation interesting... I like it 😎😊😌
Haha...this is strange...i get trolled and complimented at the same time for same thing 😀
Awww Shilpa baji getting emotional.
very informative content, ThnQ
Your way of speaking and explaining the real estate is quite impressive. Thanks for sharing this. And congratulations for your house purchases..well done 😀
Can you discuss why is Airbnb a better option instead of just renting it?
Your way of explaining to real estate issue is very impressive .Thank u for that
Thanks for sharing such a valuable information. May god bless you both.
Nice journey we can learn from this , Thank you..
Thank you Shilpa for sharing very useful tips!!!
Property can really make you rich no matter which country you live in. You guys played aggressively and it paid off. Well done. However, I am sure you went through a lot of difficulties to get there. Best of luck for your future.
I love the way you speak Shilpa... Specially the way you use your "s"🤩.... Please keep the good work going.... Please also make a video on how single women ( unmarried, divorced, windowed or separated ) can come and establish themselves in Canada.... How will they feel empowered,how the government supports them, how they feel mentally relaxed after being in Canada....How is the work atmosphere..Career graphs of women.... Owning a house as a single lady.... Interviews of a few well established single women.... Cultural acceptance of Canadians for the other cultures.. Such content will help a lot of people who are seeking the silver line in the current circumstances.... Thanks a lot 😁
Thanks guys for such an informative video. ✌👍😊
U are now quite comfortable while presenting in ur vlogs ....as it seems u r making videos since years.
I saw Shilpa in ravish video for the first time talking about dubai and Canada.... just loving her since thn ... the way she explains everything and her gestures... im fan of shilpa 💕💕💕
Thank you so much.. :)
ChitChat With Shilpa 💕💕💕 much love from India !! Hope to see you some day in Canada 🇨🇦
love it😍
Damn u guys are straight A+ . Great to see indians cracking the real estate game in Canada.
If you earn in Dubai or USA before coming to Canada, it is easier to buy house in Canada quickly
very nicely you have shared your experience. Thank you for the detailed information
Good info! Thank you for sharing!
Starting early is the best way of getting ahead to build wealth, investing remains a priority. Even in a downtrend, the stock market/crypto market has plenty of opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.
Courage taught me: no matter how bad a crisis gets, any sound investment will eventually pay off
You are so right. I know because my advisor is able to find so many good plays. My portfolio literally went from $300k to $1.1m last year (not counting withdrawals I made) all really exciting. I guess it’s the experience and better judgement.
@@helenoliver4838 Hey! Please who is this advisor of yours? I guess success really means total knowledge and I hope he/she can help me get back what I lost. Can I have easy access to reach out?
@@dannyvera8475 My consultant is *PRISCILLA DIANE AIVAZIAN* I found her on a BBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@@helenoliver4838 Access to good information is what we investors need to progress financially and generally in life. here's a good one and I am grateful. Found her website and it was really impressive
What what a story... thanks for sharing! You guys are doing awesome and have achieved so much in a short space of time.. #inspired 😊🙏
Thank you for being so upfront
Appreciate ur honesty in sharing information.specially during times when we need angels too .I aim to come In Canada soon but stuck with paper work currently .plz 🙏 everything works out well and once again thanks for ur positivity
Always welcome
Thank you!! Please keep up sharing such useful information.
Thanks for sharing!
great to be this transparent
Subscribed your channel lately, and watched each and every vlog. I truly believe that you'll reach 1 million soon and you'll become full time youtuber soon. These vlogs are really helpful for the new immigrants. Thanks 😊
Thank u so much for ur encouraging words...appreciated..
@@chitchatwithshilpa Ma'am, just a small request. please make a video on high demanding jobs in canada, salary, courses required to enhance our skills. I've watched many videos of other youtubers but couldn't get a clear picture about it. Since you and sir have been living in canada for the last 3 years, you can provide proper guidance.
You both r really master mind, yours planning and excution relalted to life decisions, really superb.😊😊😊. u did share very interesting information with us, thanks to both of you. people r really missing valueble infotmation.😊😊😊 yours channel will be super hit soon..i m dam sure..i can feel who were those angels, helped u that time.😊😊😊
Thank you so much 🙂
Thanks for sharing honest couple. Good luck!
I have heard this exact story from another friend here. Basically this is something the Realtors are not letting people know and putting them in a difficult spot.
I was waiting for u to start ur own channel. So happy to see u have started one. Best of luck.
Thank you so much 🙂
Too good and simple to the point
So what I love about your channel and the way u deliver that makes u stand out from other Indo-Canadian channels is... Sometimes people create a channel but r not sure enough to share financial figures for personal reasons... But, u gyz r clear and transparent that the platform is for others to grow as well and hence sharing figures might give people a realistic idea as to what's happening and how it can be done. Thanks for being so kind and helping other to grow as well❤
Thanks 🙏🏻
Really Informative Video.... Thank you for sharing this.
Best wishes to you.
FINALLY a video with alllll the numbers, kudos to youuuu, so simply done but yet so exciting to watch :)
It has a part 2 also on the channel, in case you want to know more…Thank u ☺️
haalat bigad gayi thi puri tarah se aap logo ki didi.. but m happy aap. dono finally managed kar paaye
Amazing information,thanks for the sharing, god bless all of you 🙏🏼❤️
Congratulations on 1 month...keep going
Love it 🥰🤩🥰
How much rent is the 2nd house yielding? Would it have been good idea to buy a multifamily building with 6 to 8 flats with cost of both houses and rent out all of them and stay in one? I live in US and looking for such property. Flipping is great idea too like you are doing.
Very helpful video❤❤❤
Its beautiful sharing stay connected 🙂
Achche logo ke saath hamesha achchaa he hota hai🤗..keep it up guys and do keep posting more so that it helps everyone..👍👍
Awesome content guys and congratulations on one month anniversary. Many decades to come! 😊😊
Is it a right time to buy a house in Canada hot market? or do you guys think it is a bubble that is going to burst soon?
We are hearing about this housing market bubble since the day we landed in 2018...that it will burst soon....to be true, it only got inflated...The elders say that right time to buy property is Today...else, we r no experts n its a big decision to make...my personal opinion is that housing market might get stabalized for few months before rising again but won't be crashed...as far as there are new immigrant influx in the geographical region of GTA, the demand will always be higher than the supply...the main reason for this bubble....
@@chitchatwithshilpa Thank you for sharing your honest opinion. Really appreciate it.
You guys good. Canadian real estate market is crazy now.
🙏🙏🙏
Love your videos !
You guys r lovely
Hi shilpa ,very well explained
You have amazing speaking skills
Your video just popped up. It was awesome video. Really loved your video with so much of information.
Hi shilpa..can I get in touch wid you with some questions
I am working as a realtor in Ontario. 20% down for an investment property is a very common practice. I don't know why your realtor / Mortgage agent/ bank mortgage advisor didn't tell you about that before. Well overall you guys are on right track. Congratulations on your second house.
Do real estate lawyers make good money in canada??
@@johnsnow3279 very very good money they make
@@johnsnow3279no headache
And 200k+
How to contact you???
Thanks for the information
That was a huge heads-up
Smart work guys.. yeah some decisions put us in tough situation.. but in the end, they turn out to be good.. kudos guys..
I am surprised your realtor did not go through your finances. When we bought a house our realtor went through our finances first, told us how much we need, what we can buy, how much we need in our bank, etc. He even got our mortgage approved before we even went in the market to search for a house. It is important to have a good realtor first before you even do your search. Maybe we just got lucky as we had a good realtor and mortgage broker.
Probably all of us were in a picture that we can buy home with 10% down...n as we had funds for all the other things too, we dint see it coming...
@@chitchatwithshilpa you should make a video on realtor fraud, its very common and i have heard many horror stories. Its good to make others aware of it so no one falls victim to such fraud. Its not a nice feeling to loose money. Also when you talk about appraisal also explain how much interest you had to pay on your appraisal and which bank.
Brampton is full of ponzy schemes. Do you know how the emi gone effected if ROI is increased by 50 base point
Hi,
Congrats for the second house with so many difficulties. Please could you tell me how much salary that a skilled labour have in terms of happy living in Canada. Or to buy a house.
@shilpa, thank you for routing me to this video and sharing details on my questions I had about both properties...
One thing please do explain, for Airbnb do you hure proper property management company for guest services and cleaning etc? What is the charge for it if thats the case...
Also, which lender you used for your mortgages?
Hey guys congratulations 😊👏🤩 for your new houses in canada and I understand very well how you guys earned your first equity from your first home and then thought of using that 100k equity ( which is an add on mortgage only) to buy your second house. Now my big question to you both is why haven’t you consult any broker first for your second house ???? 😊 things would have been lot more easier for both of u. Your well wisher harneet from Australia 🇦🇺
Thanks Harneet for your wishes..somebody misguided us that time that one of the houses can be on 10% down and we believed it and went ahead...things didn't go as planned..but all ended well, so no regrets..
Great vedio with lot of valuable info..
Question- If u live in ur First house for 12 months and then buy 2nd house as a primary residence. Will u be able to buy with 5-10% down like in States?
In Canada, if u r maintaining your second house, u have to pay 20% down..atleast thats wht we have been told..no matter how long you have kept ur first house before buying second one..
You guys bought the prime residence jointly?
If yes, what if you had bought both houses individually?:)
thanks a lot for explain in full details
Hi Shilpa just a question ...i remember u guys bought a hyundai TUCSON .... how is the suv ? please advice ur reviews , im planning same. thxx
So nice if u guys sharing info so transparently.
Beautiful family. Simple people but brilliant ideas n good coordination
You should thank Dubai for not collecting any taxes. For ppl who come directly to Canada, they never have $120,000 savings for their 20% down payment and then get trapped into vicious mortgage cycle + CHMC fee. Our elders always use to say that it’s always the first 100K, that will be most difficult to make, which you did in Middle East. So the hard part was done there. Once you have that seed money, any plant or two can be grown from that seed money. Ppl who come to US or Canada first instead of Middle East are never able to save that seed money because of extremely high taxes and will never be able to mortgage 2 houses in Canada or USA immediately after migrating here in 2-3 years. You should make video to encourage ppl to share all the hard work you did in Dubai to make the seed money of $100K. Anyone can make money after that, once they have that seed money 💰 . So I congratulate you for all your hard work in Dubai and also congratulate you that Dubai did not taxed you for all that hard work you did in your younger days. Internally everyone knows that you were cash rich in Dubai but now you have accumulated $1.6 million Mortgage Debt In Canada within 2 years. Hopefully you will be able to pay that off soon. All the best 👍
Hi Harpreet, Thank u so much for taking out time and write the encouraging comment...Yes, u r right...we were cash rich in Dubai, saved down payment there and are always grateful for Dubai...we have already made a video about our struggles 'Our Life inspires Us' I hope u will watch this video and appreciate it....we have also been featured in Ravish Vlogs in the channel Dubai Vs Canada series...where we have told all the pros abt Dubai and how much we loved living there....but again..I believe one should love the place one lives in...Mantra for a happy life 😀
@@chitchatwithshilpa Thank you Shilpa ji. We all love Canada 🇨🇦. It’s freedom, it’s natural beauty. However Canada’s financial system makes most ppl trapped in Debt rather than make them Cash rich. And Mortgage ( Mort = Death 💀, Gage = loop around the neck) is #1 reason for that. So we need to educate our immigrant brothers and sisters on attaining that seed money plus educate them how not to get trapped in this financial mess. It seems your video was encouraging ppl and suggesting that it’s ok to be in 1 or 2 million in Debt. Can you and your partner please make video and showcase ppl how to have 1 or 2 million surplus in their bank accounts in Canada / USA? That will definitely inspire lot of ppl and they will thank you for this lifetime and for their so many generations to come. 🙏🙏🙏🙏
@Sanjay B if borrowing $50 k for a month seems unreasonable to buy a property, then probably most of the ppl can't buy any as everyone needs some support for unforseen expenses...we had 20% down for both our houses and needed some support for a month as our investments in other funds need some time to get in hand..anyways the purpose was to give an idea to ppl abt refinancing and sharing our journey, not to promote buying multiple properties...everybody has to see their finacials and planning and think logically....u can take away the good u like and leave the rest...obviously banks also see 100 things before handing over the mortgage and if mortgage seems unreasonable, one has choice not to buy or sell the homes....
Exciting home buying journey💃💃happy vlogging💕💕
So late for this but belated one months if ur TH-cam 🎉❤️
Thanks for sharing this...
Many ppl can't see other ppl growing!
Really appreciate your efforts 👍 I want to understand the appraisal thing in detail can you pls share any link or can you explain what does appraisal means in detail as in how does it helps the owner unless he or she wants to sell that property. Sorry I might be sounding too dumb 🙃
There is another video on our channel on the same topic.. "How we bought 2 homes in 2 years Q&A ".. Please check that video. Thank you.
Thanks for the info 👍
This is like quick brown bag sort of session on how to invest well and fast.. for very specific audience who are very stable with their finances and careers.
Really ramped up super quick on you skills as well.. kudos !!
Obvious topic for next video (Brown Bag :D) how to Airbnb your place and manage it.. look forward to watching it !!
Thank you for appreciating the video...will make airbnb video soon..
Omg now i found that Shilpa has a youtube channel 😍 had seen u in another video and always thought why doesnt create her own account. Congratulations ♥️♥️♥️
Thank you so much...
Refinancing and appraisal means what? Bcoz I think Indian rules are different than what is mentioned in the video. Will bank give you only the difference amount of at what price you purchase and the current price every time you go for the evaluation to the bank?
In appraisal, banks evaluate the value of current property to find out if it has been increased (appraised) and refinancing is doing the financing again on the current value. Banks keep the previous mortgage balance and release you the balance amount.
Thanks very informative video.
So sweet of you😘
Guys you both very Spritable
God bless u 👍
You Rock guys !!! I'm real impressed by your courage 👏👏👏👏
Superrrrrrrrrrrrrrrrrr thought dear ❤️
Congratulations Dear Sir and Madam ji 🎈 for one month's I prew god
Can you swap the investment property which has a lower market price as the first house would require 20% of 750k which is 150 and u had 140k. Just trying to understand the legal implications from banks perspective.
Great vdo guys....good info.