The average home price in Canada is around 700k$ according to a WOWA report. According to the government census, a top 10% income in Canada hovers around 100k$. According to your video, to afford the average home in Canada, you need to be making around 175k$. I'm sure there are some fortunate folks who make that kind of money, however I'm speaking for the bottom 90% of the population. How can I afford a house in Canada today Nolan?
there are a lot of places where decent homes are less expensive than 700k, and it is household income that needs to be considered for affordability instead of personal income
Basically? Get married, lol.if Average 3.5 bedroom home is Average 750k, and average income is 100k, then 2 peeps have a possible 200k Household income, which by dude's maths is 800k mortgage potential.
Income is not the only way to determine one’s eligibility. Those who own atleast 1 home since 2019 or before are sitting at hundreds of thousands dollars equity. There is a big difference between two people who earn same medium income, one owns a home and other who doesn’t or bought in last 2 years. In short, Canadians are richer than we think.
People forget that if you spend $100, you have to earn $140. Likewise, when you buy a house for $500,000 it costs you more like $900,000 after you consider tax and borrowing costs.
And in this scenario you’re saying the person spending the money is the problem, and not the fact that the government is taking such a huge chunk of everyone’s income?
@@Brian-dg3gh I’m highlighting how much you actually need to earn to pay off X amount for a house. People often don’t remember that they worked more for what they paid as they had tax so it changes one’s perspective when you consider the time it take to make X after tax and borrowing costs.
There are many ways to look at this. There is a common saying among high income people (>50% tax slap) that we work govt from Jan to June and then for ourself from Jul to Dec as tax rate is 50%
@@CanadaTop5 no, there is only one way to look at it, the government is stealing our money. Any money we can steal back by predicting their actions and counter-exploiting them should be acted on with any opportunity.
(If this info helps anyone here) I recently bought a 800 sq ft 2 bed 2 bath condo in Edmonton - - my salary is $101K (pre tax) - TD bank approved me for a $150K mortgage - my condo is $125K (condo fees 520/month) - I took a $100K mortgage (5% fixed rate) 🙂
Buy a big house. Rent out basements and afford the payments. Thats how majority of the new immigrants in fraser valley are affording the houses. However, lets see how the new rates impact the valuation in the short term. The income levels required are absolutely insane.
Let me make this quick. You can afford basically nothing unless you have a ludicrous salary or are bringing tonnes of equity with you from another home. Goodbye
Great information! Its all come down to your T4 income. Given that most Canadians rely on their T4 income which is generally under $100k household income, and given the situation with the housing market, I don't see how the next generation of Canadians can escape the poverty trap with the numbers that you shared in your video. In short, they are doomed.
Appreciate the comment thank you. For clarity, because I don’t want anyone thinking that whatever it says on their t4 is what they can use for qualifying purposes, your t4 might be used by a lender, but it is not the primary tool, nor a reliable one, for establishing income for mortgage purposes.
@@NolanMatthias Yeah, thanks for the insight! what I was trying to get to is the level of income required to support the new era of mortgage in this country. My wife and I are very lucky as we entered the market back in 2014 and already have two properties. I just don't see the same luck for current buyers with current price range, specially where 5 percent down payment for first time home buyers is no longer the norm and sample NOA slip with even $100k is considered a drop in the bucket.
@@MrFanstar007 Don't worry, the fact that the majority of people can't qualify is actually a good thing... It means prices will need to come down, as the pool of potential buyers is shrinking. One major factor from keeping homes from coming to market due to distressed sales, is the banks manipulating the market and deferring extra interest and adding to balance and amortization. Im sure regulators will take care of this soon.
@@jamesj2212 Hopefully! We are all routing for real estate price to crumble. If things stay they way they are now with skyrocking price of renting and buying, we will need to embrace for a country with very Low GDP per capita, a Canadian population with very low to no purchasing power, a dividing country where the majority of citizens become very poor and a disappearing middle class.
if you use it as rental income its surprisingly easy (once you get the 20% down required by the bank for an investment property) ie vancouver a 500k appartment with a 410k mortgage accounting for closing costs will run you 2400 mortgage with a current variable rate of over 6%, as an investor being able to cover a 300-400 strata monthly and property tax which are current expenditure tax benefits anyway to build 10k+ in equity a year is such a great roi for 100k investment.
I bought a condo in 2021 in a variable rate. I always do variable rates. I don't like fixed rates. If you choose a fixed rate, you will end up paying much more per month.
This is a great outlook - includes the GDS/TDS, taxes and other fees. Even as a non-landlord or aspirational landlord, this is super helpful as I look at properties and try to keep my GDS/TDS at 25/30% if possible
I owe 1.375 million on 3 mortgages and net about 70k/year as a small business owner in home construction. My wife hasn’t been employed since buying the first house. We bought the first two houses cheap (2010,2015) and then paid way too much for the last one (2022) but it was an emotional purchase (for family members to live in because rental options were brutal) using equity from the first two homes. Combined mortgages are 6400 and we bring in 5k in rent monthly for the two rentals with great long term tenants. Yes, I’m essentially running a Ponzi scheme given the massive debt load versus relatively low income, but I’m resourceful and we will be ok. I could work a lot more if necessary and the odds of a recession effecting my work load are slim to none since I work almost exclusively for wealthy individuals. A modest estimated value of our 3 homes, given today’s instability, is 1.875 million so we are still doing pretty well.
@@NolanMatthias we bought the first house for 165,000 and that was in 2010. Then my mother-in-law was living alone in a big four-bedroom house in a nice neighbourhood that needed a lot of work so we purchased it from her and she paid us a very low monthly amount for rent and continued living with us there while we made a lot of major repairs/upgrades. I rented out the first house and haven’t missed a payment in 12 years. Then home prices sky-rocketed. That continued for a while until she moved out to rent somewhere else as our kids got older. Her landlord then sold during covid and we couldn’t find anything suitable for her to rent so we refinanced our two houses and put a sizeable down payment on a condo for her to live in with her son (my brother-in-law who works for/with me) and they cover the mortgage and all expenses. Long story short, as long as we can hang on for the near future, which I don’t see being an issue, we are headed for early retirement. That or I’ll be working forever. We will see.
@@NolanMatthias I should add for the purchase of the second home it was a an unusual circumstance that lead to us being able to buy it without selling the first house. My mother-in-law had worked for a credit union for many years, and her mortgage was with them, but she had been making interest only payments for a long time so they were willing to work with us despite the single income in order to get her mortgage closed. We were very fortunate. This is also why we eventually were willing to overpay for a condo at the peak of the market in order to find her a place she would be happy to live. Also, my sister-in-law, who had a vested interest in finding a great place for her mother to live, was a co-applicant on the mortgage for the third house in exchange for 5% ownership, and we provided the entire down payment. When there is a will, there is a way.
The whole stress test from a bank is rediculous ! The actual stress stest is having a rented roof over your head and never falling behind on your bills water, hydro, gas, well over 2500$-3500$ amonth and yet they deny you at the bank saying you cant afford 1200$m
Hiii 👍I completed my bachelor's in civil engineering with 8.60 cgpa in july 2022. I want to make a career in real estate field. Can you tell me which colleges provide this course & most important thing is it possible to get visa or reject because i'm an international student from india. Is it irrelevant course or relevant course to take a decision after completing civil engineering background
Bad timing to enter the housing market for work. Everyone and their mother became an agent during the boom, way too many now for the small inventory of homes.
Average detached house in greater Vancouver area is 120-500millions, its insane, no one can afford one by income of a job. This city is very seriously sick
I was once someone making 250k in Canada. House prices, general cost of living and taxes (with low return) made me move out of Canada. Until Canada can get healthcare in order and figure out this chaos that is observed in the real estate market I have zero plans to come back. It was ridiculous paying over 50% in taxes due to my income, having zero ability to buy a property for my family and seeing the insane long lines in healthcare to talk to a specialist when needed. Pretty sure like me many will have to do the same. It’s super sad. I love Canada, I decided to become a Canadian in the past but this pseudo-government treating people like money machines without getting nothing in return is a no no.
Damn I feel this so much.. I pay 6 figures in taxes alone, and every day, there seems to be something that makes me feel like I am being pushed out of my own country. I feel like I get absolutely no benefit to paying such high taxes except more laws that errode peoples freedoms and a country whose debt just keeps increasing. My plan right now is to maintain zero debt, invest and reduce expenses as much as I can while I travel out of the country for 2 months a year to find a place where I can settle down. So far, I have been exploring SE Asia, but who knows where I'll ultimately land. At the end of it all, what does Canada gain by pushing high income earners out of the country? It seems like the start of a death spiral.
Literally zero rentals or homes to purchase in Canada at the moment are cheap enough to be considered affordable or 30% or less of the average persons income. I give up in life and this country.
I have renters wanting to stay put because their rent rate is from 4 plus years ago. They were actively looking to buy but after last months rate hike decided to stay put cause its become cheaper
Currently trying to decide on this myself. Pre approved for 378k but the best we can do is a 370 k condo which will cost us 2700 per month. Right now our rent is 885 for a 1 bedroom apartment.
Bendigi has got a great potential business model with that app. I'm sure everyone in real estate would want that calculator now. Is this a new venture for you @Nolan?
Better talk to agents and guide u to brokers because 80k income will be approved for 610k from private lenders. Don't just base on this guy's bla bla bla
So lets see . Average income is 60-80k for 2 working people in one home. And the average home cost is 600kfor 2-3 bedroom ..... Covid has ruined home owning for this gen of people in ontario
Is ruined for this generation across the entire country. Two bedroom townhomes in Calgary are $450000+ and you are stuck with condo fees. The average household income you have affordable home would be $300,000, you cannot even get a 2 bedroom apartment in Calgary for $300,000 anymore, perhaps in the ghetto, but average condo in an average community is more than $300,000. It’s sad and disgusting, and those of us that cannot buy are stuck paying insane rents to pay for rich people’s investments now….
This is depressing… only people owning anything these days have household incomes of like $125000+ . Going to be a bunch of homeless seniors in 20 to 30 years because no one was able to buy a house and they cannot even afford rent on oap because they couldn’t afford to save a dime because their entire income went to pay off some rich persons income instead of their retirement or a permanent home…I HATE Canada I don’t want to be here anymore….
Nolan, thanks for this! When I got my home 20 years ago - and all my other properties afterwards- I was qualified with my income, spousal support AND child tax credits- all had to be proven by court documents and at the time I didn’t have that and they used an affidavit and bank statements. If you have a part time job they can use that too as well as Basement income etc or even a co signor
@@brarautorepairs true. I’m very lucky…. My properties put $1000 or even slightly more in my pockets - once you can rent the basement it will cash flow
"$100,000 dollar for every $35,000 dollars in income that you make" means that you only want to be 2.85x leveraged. Salary / 35,000 * 100,000 = mortgage Salary * (2.85) = mortgage
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
@rachealhubert74 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Bridget Mary Turow, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
@rachealhubert74 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
You went from $120k to $275k in just 2 months? Wow, that's good. I can only average a monthly gain of 12% per month on my investments. I've been doing this for the past 2 years and I though 'I' was doing good ???
The average home price in Canada is around 700k$ according to a WOWA report. According to the government census, a top 10% income in Canada hovers around 100k$.
According to your video, to afford the average home in Canada, you need to be making around 175k$.
I'm sure there are some fortunate folks who make that kind of money, however I'm speaking for the bottom 90% of the population. How can I afford a house in Canada today Nolan?
That sounds very high because that's above top 5% in many cities like Halifax or mtl
there are a lot of places where decent homes are less expensive than 700k, and it is household income that needs to be considered for affordability instead of personal income
Lol, you can't. You need to rent and continue to be a slave like the rest.
Living in the rural areas
Basically? Get married, lol.if Average 3.5 bedroom home is Average 750k, and average income is 100k, then 2 peeps have a possible 200k Household income, which by dude's maths is 800k mortgage potential.
How are people buying such expensive houses??? The medium income in Canada is 685000, this makes no sense. I am baffled by Canadian real estate.
I think you put 1 too many 0s lol
I think she did to
Is that then almost $140,000 household income!?
Lol, I did, but it would make a lot more sense if that was the average income considering our market.
Income is not the only way to determine one’s eligibility. Those who own atleast 1 home since 2019 or before are sitting at hundreds of thousands dollars equity.
There is a big difference between two people who earn same medium income, one owns a home and other who doesn’t or bought in last 2 years.
In short, Canadians are richer than we think.
People forget that if you spend $100, you have to earn $140.
Likewise, when you buy a house for $500,000 it costs you more like $900,000 after you consider tax and borrowing costs.
And in this scenario you’re saying the person spending the money is the problem, and not the fact that the government is taking such a huge chunk of everyone’s income?
@@Brian-dg3gh I’m highlighting how much you actually need to earn to pay off X amount for a house. People often don’t remember that they worked more for what they paid as they had tax so it changes one’s perspective when you consider the time it take to make X after tax and borrowing costs.
There are many ways to look at this. There is a common saying among high income people (>50% tax slap) that we work govt from Jan to June and then for ourself from Jul to Dec as tax rate is 50%
@@CanadaTop5 no, there is only one way to look at it, the government is stealing our money. Any money we can steal back by predicting their actions and counter-exploiting them should be acted on with any opportunity.
(If this info helps anyone here) I recently bought a 800 sq ft 2 bed 2 bath condo in Edmonton -
- my salary is $101K (pre tax)
- TD bank approved me for a $150K mortgage
- my condo is $125K (condo fees 520/month)
- I took a $100K mortgage (5% fixed rate)
🙂
Any idea why your pre-approval was so low?
@@NolanMatthias I asked for the minimal pre approval amount
@@dasalekhya And they responded with $150k 🤣
That sounds low for a pre approval do you have a lot of debt?
please people don't buy homes at the absolute max you were approved for.
Don't worry, something that cheap doesn't exist anywhere in the country. I'd need more like 3-4x the amount
Ohhh I did 😃😃😃
Buy a big house. Rent out basements and afford the payments. Thats how majority of the new immigrants in fraser valley are affording the houses.
However, lets see how the new rates impact the valuation in the short term. The income levels required are absolutely insane.
👍
Let me make this quick. You can afford basically nothing unless you have a ludicrous salary or are bringing tonnes of equity with you from another home. Goodbye
best comment here
Great information! Its all come down to your T4 income. Given that most Canadians rely on their T4 income which is generally under $100k household income, and given the situation with the housing market, I don't see how the next generation of Canadians can escape the poverty trap with the numbers that you shared in your video. In short, they are doomed.
Appreciate the comment thank you. For clarity, because I don’t want anyone thinking that whatever it says on their t4 is what they can use for qualifying purposes, your t4 might be used by a lender, but it is not the primary tool, nor a reliable one, for establishing income for mortgage purposes.
@@NolanMatthias Yeah, thanks for the insight! what I was trying to get to is the level of income required to support the new era of mortgage in this country. My wife and I are very lucky as we entered the market back in 2014 and already have two properties. I just don't see the same luck for current buyers with current price range, specially where 5 percent down payment for first time home buyers is no longer the norm and sample NOA slip with even $100k is considered a drop in the bucket.
@@MrFanstar007 Don't worry, the fact that the majority of people can't qualify is actually a good thing... It means prices will need to come down, as the pool of potential buyers is shrinking. One major factor from keeping homes from coming to market due to distressed sales, is the banks manipulating the market and deferring extra interest and adding to balance and amortization. Im sure regulators will take care of this soon.
@@jamesj2212 Hopefully! We are all routing for real estate price to crumble. If things stay they way they are now with skyrocking price of renting and buying, we will need to embrace for a country with very Low GDP per capita, a Canadian population with very low to no purchasing power, a dividing country where the majority of citizens become very poor and a disappearing middle class.
A Good addition would nof been to show which portion of the population earns what is required at each price point
Definitely
if you use it as rental income its surprisingly easy (once you get the 20% down required by the bank for an investment property) ie vancouver a 500k appartment with a 410k mortgage accounting for closing costs will run you 2400 mortgage with a current variable rate of over 6%, as an investor being able to cover a 300-400 strata monthly and property tax which are current expenditure tax benefits anyway to build 10k+ in equity a year is such a great roi for 100k investment.
Cool App, thanks for sharing!
Thanks for watching!
I bought a condo in 2021 in a variable rate. I always do variable rates. I don't like fixed rates. If you choose a fixed rate, you will end up paying much more per month.
This is a great outlook - includes the GDS/TDS, taxes and other fees. Even as a non-landlord or aspirational landlord, this is super helpful as I look at properties and try to keep my GDS/TDS at 25/30% if possible
Absolutely!
I owe 1.375 million on 3 mortgages and net about 70k/year as a small business owner in home construction. My wife hasn’t been employed since buying the first house. We bought the first two houses cheap (2010,2015) and then paid way too much for the last one (2022) but it was an emotional purchase (for family members to live in because rental options were brutal) using equity from the first two homes. Combined mortgages are 6400 and we bring in 5k in rent monthly for the two rentals with great long term tenants. Yes, I’m essentially running a Ponzi scheme given the massive debt load versus relatively low income, but I’m resourceful and we will be ok. I could work a lot more if necessary and the odds of a recession effecting my work load are slim to none since I work almost exclusively for wealthy individuals. A modest estimated value of our 3 homes, given today’s instability, is 1.875 million so we are still doing pretty well.
🤔
@@NolanMatthias we bought the first house for 165,000 and that was in 2010. Then my mother-in-law was living alone in a big four-bedroom house in a nice neighbourhood that needed a lot of work so we purchased it from her and she paid us a very low monthly amount for rent and continued living with us there while we made a lot of major repairs/upgrades. I rented out the first house and haven’t missed a payment in 12 years. Then home prices sky-rocketed. That continued for a while until she moved out to rent somewhere else as our kids got older. Her landlord then sold during covid and we couldn’t find anything suitable for her to rent so we refinanced our two houses and put a sizeable down payment on a condo for her to live in with her son (my brother-in-law who works for/with me) and they cover the mortgage and all expenses. Long story short, as long as we can hang on for the near future, which I don’t see being an issue, we are headed for early retirement. That or I’ll be working forever. We will see.
And this is why Canada has a housing bubble and people will be very screwed.
@@NolanMatthias I should add for the purchase of the second home it was a an unusual circumstance that lead to us being able to buy it without selling the first house. My mother-in-law had worked for a credit union for many years, and her mortgage was with them, but she had been making interest only payments for a long time so they were willing to work with us despite the single income in order to get her mortgage closed. We were very fortunate. This is also why we eventually were willing to overpay for a condo at the peak of the market in order to find her a place she would be happy to live. Also, my sister-in-law, who had a vested interest in finding a great place for her mother to live, was a co-applicant on the mortgage for the third house in exchange for 5% ownership, and we provided the entire down payment. When there is a will, there is a way.
@@rachelk8368no, it’s not. Our population is outpacing the new construction of places to live. That is not my fault.
When are you putting in an offer on that home in Whistler? :)
Just need to find another 38 friends with $1 million each to put in, then we’re good to go.
These are annual numbers right? Required income”
The whole stress test from a bank is rediculous ! The actual stress stest is having a rented roof over your head and never falling behind on your bills water, hydro, gas, well over 2500$-3500$ amonth and yet they deny you at the bank saying you cant afford 1200$m
I can't. At this point I can't even afford rent if I had to find a new place.
I'm happy I bought a condo in 2022 at a low variable rate. I saved more money than a fixed rate I believe.
Hiii 👍I completed my bachelor's in civil engineering with 8.60 cgpa in july 2022. I want to make a career in real estate field. Can you tell me which colleges provide this course & most important thing is it possible to get visa or reject because i'm an international student from india. Is it irrelevant course or relevant course to take a decision after completing civil engineering background
Bad timing to enter the housing market for work. Everyone and their mother became an agent during the boom, way too many now for the small inventory of homes.
Is the required income net or gross?
it's always gross in this context
Gross
Average detached house in greater Vancouver area is 120-500millions, its insane, no one can afford one by income of a job. This city is very seriously sick
I was once someone making 250k in Canada. House prices, general cost of living and taxes (with low return) made me move out of Canada. Until Canada can get healthcare in order and figure out this chaos that is observed in the real estate market I have zero plans to come back. It was ridiculous paying over 50% in taxes due to my income, having zero ability to buy a property for my family and seeing the insane long lines in healthcare to talk to a specialist when needed.
Pretty sure like me many will have to do the same. It’s super sad. I love Canada, I decided to become a Canadian in the past but this pseudo-government treating people like money machines without getting nothing in return is a no no.
Damn I feel this so much.. I pay 6 figures in taxes alone, and every day, there seems to be something that makes me feel like I am being pushed out of my own country. I feel like I get absolutely no benefit to paying such high taxes except more laws that errode peoples freedoms and a country whose debt just keeps increasing.
My plan right now is to maintain zero debt, invest and reduce expenses as much as I can while I travel out of the country for 2 months a year to find a place where I can settle down. So far, I have been exploring SE Asia, but who knows where I'll ultimately land.
At the end of it all, what does Canada gain by pushing high income earners out of the country? It seems like the start of a death spiral.
Great video thanks! ❤
👍
How much of the allowance my wife gives me can i use to qualify?
Probably all of it, if not double it.
Literally zero rentals or homes to purchase in Canada at the moment are cheap enough to be considered affordable or 30% or less of the average persons income. I give up in life and this country.
This is of course assuming you are able to work non stop for 25 years with no lay offs or health issues which is not reality.
Your app doesn't work properly. 😒
What’s not working?
Tried to change the amount and wouldn't let me, then I turd to change the income, wouldn't let me, kept going back to $0
holy , i must say brother what an app!
👍
I would recommend you removing these embedded subtitles. These are too hard to follow at that speed and confusing
I have renters wanting to stay put because their rent rate is from 4 plus years ago. They were actively looking to buy but after last months rate hike decided to stay put cause its become cheaper
Currently trying to decide on this myself. Pre approved for 378k but the best we can do is a 370 k condo which will cost us 2700 per month. Right now our rent is 885 for a 1 bedroom apartment.
@@weaselsoup3105885!?!!? Whereeeee
Bendigi has got a great potential business model with that app. I'm sure everyone in real estate would want that calculator now. Is this a new venture for you @Nolan?
👍
What if you make $80,000 and have stupid condo fees?
"Required income"... is that your gross or net income?
Gross
Better talk to agents and guide u to brokers because 80k income will be approved for 610k from private lenders. Don't just base on this guy's bla bla bla
So lets see . Average income is 60-80k for 2 working people in one home. And the average home cost is 600kfor 2-3 bedroom ..... Covid has ruined home owning for this gen of people in ontario
Is ruined for this generation across the entire country. Two bedroom townhomes in Calgary are $450000+ and you are stuck with condo fees. The average household income you have affordable home would be $300,000, you cannot even get a 2 bedroom apartment in Calgary for $300,000 anymore, perhaps in the ghetto, but average condo in an average community is more than $300,000. It’s sad and disgusting, and those of us that cannot buy are stuck paying insane rents to pay for rich people’s investments now….
This is depressing… only people owning anything these days have household incomes of like $125000+ . Going to be a bunch of homeless seniors in 20 to 30 years because no one was able to buy a house and they cannot even afford rent on oap because they couldn’t afford to save a dime because their entire income went to pay off some rich persons income instead of their retirement or a permanent home…I HATE Canada I don’t want to be here anymore….
Nolan, thanks for this! When I got my home 20 years ago - and all my other properties afterwards- I was qualified with my income, spousal support AND child tax credits- all had to be proven by court documents and at the time I didn’t have that and they used an affidavit and bank statements. If you have a part time job they can use that too as well as Basement income etc or even a co signor
👏
With the interest rates being high, it is difficult to find properties with a decent ROI
@@brarautorepairs true. I’m very lucky…. My properties put $1000 or even slightly more in my pockets - once you can rent the basement it will cash flow
Job market is collapsing. Also no jobs for new immigrants. Interest rates will fall
no matter how many times you spam that across as many channels as you can find, that doesn't make what you say remotely true. Clown.
Where are you seeing data that supports the job market collapsing?
@@NolanMatthias last 2 month full time job numbers fell.
LOL unemployment still at 5.1% which is extremely tight job market, rates are going higher, not lower...
Immigrants will jack housing up not down
"$100,000 dollar for every $35,000 dollars in income that you make" means that you only want to be 2.85x leveraged.
Salary / 35,000 * 100,000 = mortgage
Salary * (2.85) = mortgage
👍
You should look at the housing marking in Prince Edward Island you will be horrified,
Hence why all young people are moving out of Vancouver…..ridiculous
Yup
Sadly the rest of Canada is unaffordable too…
Bro my place is worth more than 40,000 000$ why you mention this property for? Noone cares
*promo sm*
🤔
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
@rachealhubert74 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Bridget Mary Turow, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
@rachealhubert74 Bridget Mary Turow
Lookup with her name on the webpage
@rachealhubert74 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
You went from $120k to $275k in just 2 months? Wow, that's good. I can only average a monthly gain of 12% per month on my investments. I've been doing this for the past 2 years and I though 'I' was doing good ???