Your primary residence is liability and not an asset unless you sell it at appreciated value. Real estate investment in Canada is only for people who have job security and are in top 20% income, for rest all it would make sense to stay on rent, save money, move back to home country and buy mortgage free property in non metro cities …
Finally someone making sense from comments ... Everyone in canada wants to buy a home without looking at his/her financial well-being ...Why are houses traded as a commodity in canada ...Nothing productive happening in Canadian economy
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto....
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
This is not a crash just a market correction and if immigration is restricted and population growth is stagnant the housing market will correct further and house prices in Canada will be at par with Tier 2-3 US cities where supply =demand. I keep mentioning again and again that house prices in Canada were inflated due to excessive demand and now that the bubble is popping, the housing market is correcting. Due to huge sell-offs by investors as a result of capital gains tax, other properties apart from residential will also be corrected soon.
Please can you give further explanation. Are you saying it's not a good time to buy an investment home for rental? Is it better to wait for the market to be corrected? Thanks
No rush to buy at all, unless you get 25 percent discount !!!! Don’t buy inflated houses price !! You are the one who will get harmed, put your down payment as GICs, get your First home saving account, and enjoy the prices going down.
In 1989, the average income to home price ratio was 4 times, but in 2023, it's 13.7 times. This drastic change highlights the growing disparity between incomes and housing costs. Additionally, inflation has eroded the value of money over time, making it even more difficult for people to afford homes. This significant gap is contributing to what many see as a housing bubble, and it's why even a 4% interest rate feels like a "huge" burden for many buyers today. Governments can't keep interest rate low without consequences. Not sure this 6% rate would be sustained for next 10-15 yrs and if income didn't grow, may be even further.
Would like a more precise calculation of the home price to income ratio, but sorry to tell you that a 14x multiple is not out of the norm in this world. It is what it is, and you will get used to 30 year mortgages and then multi generational mortgages. But…the minimum wage in Ontario was $4.25 in 1990. It has multiply by the same rate as the price to income ratio! It wouldn’t be fair if all the people working minimum wage jobs get a easier path to home ownership. We don’t want people dropping out of med school to flip burgers for life.
@@tarawang5466 I was talking about why this situation is different. It is 14x. It is a fact. This means higher interest rate would hurt more as compared to in 1990s. Majority of price damage is caused by investors who want multigenerational wealth and not multigenerational mortgages or liabilities. I am sorry I couldn't agree on this one. 4.25 to 16.80 is only 4 times and not 14 times. Sorry I didn't understand this point.
I wish that happened so I can buy a home but that’s realistically never going to happen in Canada because they intentionally limit the housing supply so it doesn’t fall. Further if there was such a scenario, it would be a case of economic depression where more than 25% of the people lost their job and were forced to sell or give the condo on a lower rent. Still lot of people will resist to buy thinking prices will go down further or they just are not in the position to buy. Only REITS will invest and become richer in the long term.
@@Worldwidevirk even if we are, would be able to buy a house even if house prices fall ? My point is many people will be without a job or have a fear of losing their job. Many others will keep on anticipating prices will fall further and will never buy.
@@rohitguptac it's not about how many will buy , it's about how many multiple house owners, mafia and greedy s_um ba_s will loose these , Wish to be a greatest depression
@@Worldwidevirk hehe 😜, most people who don’t have a house will loose along with them my friend. But I get why you want it, since you don’t have a house yourself, you want them to learn a lesson by never thinking housing/ land as an investment. But are they wrong to try to make a profit, does that really make them greedy ? Wouldn’t you try to buy multiple properties if you had their financial situation? If you feel housing should be a right go live in Singapore or Dubai where they don’t see housing as an investment and no one can own the land and can only lease it for 99 years. That’s the only way to resolve the housing prices from skyrocketing and not create generational wealth.
4.1% growth in 35 years is negligible 😅. We pay interest, property taxes and renovations. Basically after 30 years 4.1% growth is a lose case scenario.
Dont waste your time with real estate. Start a digital business and go all in on a low cost S&P500 ETF in all your accounts (TFSA, RRSP) rent and save and become rich not house poor. Watch Ramit Sethi and run the number its speaks for itself
Your house is not a Investment it is your home. I rented and invested in the SP500 last 20 years and now my yearly returns pays my rent plus I can live off the rest of it. SP500 has an average return of 10 percent yearly and compounds. Since 2020 the Canadian government increased the money supply by 25 percent. Your homes didnt incerase in valuse instead devaluation of the money.
Lol! As the economy goes down the shitter, Nav's beard gets Grey by the day. Hope, you get a good night's sleep. The days of investment ppty becoming cash cows, are long gone. You would be lucky if you exited with your equity intact, especially if you bough during the pandemic. I keep telling folks, if you want to invest, first step to take is to remove any Canadian asset or any Candian RE off your list. Period!lol!
Brother seems like your calculations are wrong what is the equivalent 800000 money after 25 years average even with 2-3 % inflation I don’t see yielding lot of money after selling the house after 25 years
@@growwithnav I mean to say you haven’t added indexation and you haven’t added the interest rate in the mortgage you take which comes to around 1.8 million so it is fine to buy a home not the only way to buy a home. Even if you do recurring deposit on and Indian bank you will end up more on just the bank interest rate
Thanks so much for the valuable videos. Do you have any insights about where the Ottawa/Orleans RE market is heading? Prices do not seem to be bulging at all. Townhouse prices are still double what they were pre-pandemic!
So maximum profit in 10 years is 7 % will you show how much interest value person has to pay to bank. Will you also show interest rate change from 1975. You should provide complete perpective.
I am talking about a primary home and living a rent/mortgage retirement. And max profit isn’t 7% You make a 10% down on a home - that’s $100,000; and YoY growth is on overall value of the home. But it doesn’t matter; the video is about living mortgage / rent free retirement.
@@growwithnav ok so interest is not part of mortgage. How many retired 30 years plan and how many have Job Security for that long. It should not be grow with nav it's other way around but don't you will get reviews and fools also.
Hi Nav , what do you think about dechated homes , -how far market may go down ? - is it worth to buy a dechated home worth around 5m now ? -What can be the average pessimistic increase/ decrease value per year in coming 5 years term for dechated homes? Thank you
It’s a primary home. You will always need it. The idea is to retire mortgage / rent free. Think of the time when you will live for 30 years from 60-90 with no active income.
Based on this calculation, your down payment, principal and interest payments will cost you 1.43 million over 25 years. This does not even include any maintenance or upgrades that one is liable for. So good news is, you might be able to merely break even, if you don't factor in inflation. If Inflation is considered, then you're underwater and spent 25 years buying your own coffin
@@growwithnav I love the gotcha. In this video, all you have talked about is how buying a property at an average 4% interest rate which is appreciating at the same rate (4%), while ignoring inflation and almost 50% overhead expenses on top of inflation, is a great investment. So give or take 6000 per month. I would like to know if you can churn out why renting for 3000 per month while investing the change in S & P 500 is an inferior option. Just saying rent increases every year is not a great argument.
It’s good if you see yourself living there for 5 years or so. It’s far from downtown / GTA and even Kitchener. KWC prices are very desirable right now.
HI Nav. First time listener. You give some great data and advice. More Canadians should be listening to people like you. We don't have enough people helping to navigate the Canadian market. You've earned a subsciber in me.
I said prices will come down a year ago and you were dismissive of that claim, now it seems you are in fear mode graduating from denial, this will be a long churn, unfortunately some of the numbers you quoted dont make sense given fantasy of lower rates and not taking into account the long term debt cycle and 70s style increases in interest rates… things will only get worse my friend…Stagnation!
@@growwithnav Yeah, the freedom!!!! you left a country oppressing its people, poor like no where and you come here, to Canada in my country to live exactly like in the country you left. Lose your scarf on your head, play hockey, eat maple sirop, speak English and French and then be a real Canadian
Your primary residence is liability and not an asset unless you sell it at appreciated value. Real estate investment in Canada is only for people who have job security and are in top 20% income, for rest all it would make sense to stay on rent, save money, move back to home country and buy mortgage free property in non metro cities …
Finally someone making sense from comments ... Everyone in canada wants to buy a home without looking at his/her financial well-being ...Why are houses traded as a commodity in canada ...Nothing productive happening in Canadian economy
Agree
1000% agree!
So true, renting is great. There is no use to bad mouth the market for the purpose of jumping in the market!
It seems you are a realtor or mortgage agent. That's why you just focused on the bright side of buying now and not discussed the dark side.
Real estate giving way better returns in India. So buying for investment in Canada makes no sense
100%; will you retire in India?
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto....
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
This is not a crash just a market correction and if immigration is restricted and population growth is stagnant the housing market will correct further and house prices in Canada will be at par with Tier 2-3 US cities where supply =demand. I keep mentioning again and again that house prices in Canada were inflated due to excessive demand and now that the bubble is popping, the housing market is correcting. Due to huge sell-offs by investors as a result of capital gains tax, other properties apart from residential will also be corrected soon.
Its correct what you are saying but we are entering ressesionary teritory so prices can fall further..
Please can you give further explanation. Are you saying it's not a good time to buy an investment home for rental? Is it better to wait for the market to be corrected? Thanks
Price may fall flat to 2017-18 by next 2-3 years
No rush to buy at all, unless you get 25 percent discount !!!! Don’t buy inflated houses price !! You are the one who will get harmed, put your down payment as GICs, get your First home saving account, and enjoy the prices going down.
In 1989, the average income to home price ratio was 4 times, but in 2023, it's 13.7 times. This drastic change highlights the growing disparity between incomes and housing costs. Additionally, inflation has eroded the value of money over time, making it even more difficult for people to afford homes.
This significant gap is contributing to what many see as a housing bubble, and it's why even a 4% interest rate feels like a "huge" burden for many buyers today. Governments can't keep interest rate low without consequences.
Not sure this 6% rate would be sustained for next 10-15 yrs and if income didn't grow, may be even further.
Would like a more precise calculation of the home price to income ratio, but sorry to tell you that a 14x multiple is not out of the norm in this world. It is what it is, and you will get used to 30 year mortgages and then multi generational mortgages.
But…the minimum wage in Ontario was $4.25 in 1990. It has multiply by the same rate as the price to income ratio! It wouldn’t be fair if all the people working minimum wage jobs get a easier path to home ownership. We don’t want people dropping out of med school to flip burgers for life.
@@tarawang5466 I was talking about why this situation is different. It is 14x. It is a fact. This means higher interest rate would hurt more as compared to in 1990s. Majority of price damage is caused by investors who want multigenerational wealth and not multigenerational mortgages or liabilities. I am sorry I couldn't agree on this one.
4.25 to 16.80 is only 4 times and not 14 times. Sorry I didn't understand this point.
@@LoveSandhu-Reloaded go look at price to income tables, you will find Toronto ranked in the 100s, it is the norm
@@tarawang5466 LOL.
Canadian housing is a huge bubble.... It is correcting itself
I hope it falls 60-70%
I wish that happened so I can buy a home but that’s realistically never going to happen in Canada because they intentionally limit the housing supply so it doesn’t fall. Further if there was such a scenario, it would be a case of economic depression where more than 25% of the people lost their job and were forced to sell or give the condo on a lower rent. Still lot of people will resist to buy thinking prices will go down further or they just are not in the position to buy. Only REITS will invest and become richer in the long term.
@@rohitguptac are we not heading to economic depression?
@@Worldwidevirk even if we are, would be able to buy a house even if house prices fall ? My point is many people will be without a job or have a fear of losing their job. Many others will keep on anticipating prices will fall further and will never buy.
@@rohitguptac it's not about how many will buy , it's about how many multiple house owners, mafia and greedy s_um ba_s will loose these ,
Wish to be a greatest depression
@@Worldwidevirk hehe 😜, most people who don’t have a house will loose along with them my friend. But I get why you want it, since you don’t have a house yourself, you want them to learn a lesson by never thinking housing/ land as an investment. But are they wrong to try to make a profit, does that really make them greedy ? Wouldn’t you try to buy multiple properties if you had their financial situation? If you feel housing should be a right go live in Singapore or Dubai where they don’t see housing as an investment and no one can own the land and can only lease it for 99 years. That’s the only way to resolve the housing prices from skyrocketing and not create generational wealth.
Highly exaggerated price…All thanks to Hugmeet & Rudu….It should do down to affordable prices
4.1% growth in 35 years is negligible 😅. We pay interest, property taxes and renovations. Basically after 30 years 4.1% growth is a lose case scenario.
I think he meant average growth each year for 10 years. So it's 4.1% increase every year compounding for 10 years.
@@RowdyChocolateOfficialyes
Dont waste your time with real estate. Start a digital business and go all in on a low cost S&P500 ETF in all your accounts (TFSA, RRSP) rent and save and become rich not house poor. Watch Ramit Sethi and run the number its speaks for itself
Your house is not a Investment it is your home. I rented and invested in the SP500 last 20 years and now my yearly returns pays my rent plus I can live off the rest of it. SP500 has an average return of 10 percent yearly and compounds. Since 2020 the Canadian government increased the money supply by 25 percent. Your homes didnt incerase in valuse instead devaluation of the money.
So as per median income of 19k in 1975 we need average incom of 360k to afford 1.1 million home ?
Canadian real estate market is trap. You get way better return in Indian real estate market.
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Lol! As the economy goes down the shitter, Nav's beard gets Grey by the day. Hope, you get a good night's sleep. The days of investment ppty becoming cash cows, are long gone. You would be lucky if you exited with your equity intact, especially if you bough during the pandemic. I keep telling folks, if you want to invest, first step to take is to remove any Canadian asset or any Candian RE off your list. Period!lol!
Good video Navjot. Thanks for sharing your insights
Look forward to more Canadian Real Estate properties videos. Keep up the great work Navjot 👍
Pumper strikes back. He is day dreaming. He has great confirmation biases. Good for him.😁
Create the fire and become a saviour 😂😂
How much interest you paid
Brother seems like your calculations are wrong what is the equivalent 800000 money after 25 years average even with 2-3 % inflation I don’t see yielding lot of money after selling the house after 25 years
Like I said, primary home is not an investment - you buy it so that you like mortgage / rent free retirement .
@@growwithnav I mean to say you haven’t added indexation and you haven’t added the interest rate in the mortgage you take which comes to around 1.8 million so it is fine to buy a home not the only way to buy a home. Even if you do recurring deposit on and Indian bank you will end up more on just the bank interest rate
Hi Nav, I am looking to buy an investment property to have a second income from the rent. What are your thoughts on that? I am in the KWC region.
Thanks so much for the valuable videos. Do you have any insights about where the Ottawa/Orleans RE market is heading? Prices do not seem to be bulging at all. Townhouse prices are still double what they were pre-pandemic!
Long term - everything is up. Look at 10 years + horizon, when buying realestate and you will be fine.
So maximum profit in 10 years is 7 % will you show how much interest value person has to pay to bank. Will you also show interest rate change from 1975. You should provide complete perpective.
I am talking about a primary home and living a rent/mortgage retirement.
And max profit isn’t 7%
You make a 10% down on a home - that’s $100,000; and YoY growth is on overall value of the home. But it doesn’t matter; the video is about living mortgage / rent free retirement.
@@growwithnav ok so interest is not part of mortgage. How many retired 30 years plan and how many have Job Security for that long. It should not be grow with nav it's other way around but don't you will get reviews and fools also.
One correction: pessimistic scenario should be increase by target inflation - which is 2% instead of 4%
All I am trying to do is live mortgage / rent free on retirement :)
Hi Nav , what do you think about dechated homes ,
-how far market may go down ?
- is it worth to buy a dechated home worth around 5m now ?
-What can be the average pessimistic increase/ decrease value per year in coming 5 years term for dechated homes?
Thank you
I wish there was anyone who could predict these things. Market is way more complicated. You have to be ready to buy a home and keep it for 5+ years.
Do you have an idea or can you make a video on the effects of de-dollarization on Canada and the decline of $ value?
Sure, will be making one soon
Mostly common people get caught near the peak prices..
Extremely insightful information. I would like to have a conversation with you regarding real estate projects.how can we connect
You can book a call from the link in the description.
Informative video, thank you.
Have you taken into account inflation while calculating ROI
It’s a primary home. You will always need it. The idea is to retire mortgage / rent free. Think of the time when you will live for 30 years from 60-90 with no active income.
Based on this calculation, your down payment, principal and interest payments will cost you 1.43 million over 25 years. This does not even include any maintenance or upgrades that one is liable for. So good news is, you might be able to merely break even, if you don't factor in inflation.
If Inflation is considered, then you're underwater and spent 25 years buying your own coffin
You are right 🙌
Will you be living for free if you don’t buy? I would love to hear your calculation on the rent payments from now until when I am 80.
@@growwithnav I love the gotcha.
In this video, all you have talked about is how buying a property at an average 4% interest rate which is appreciating at the same rate (4%), while ignoring inflation and almost 50% overhead expenses on top of inflation, is a great investment. So give or take 6000 per month.
I would like to know if you can churn out why renting for 3000 per month while investing the change in S & P 500 is an inferior option.
Just saying rent increases every year is not a great argument.
My last 2 video were on that.
Hi Nav, love your videos always!! How is London Ontario a place for FTHBs as the prices seem to be fair comparison to GTA or KWC area..
It’s good if you see yourself living there for 5 years or so. It’s far from downtown / GTA and even Kitchener.
KWC prices are very desirable right now.
HI Nav. First time listener. You give some great data and advice. More Canadians should be listening to people like you. We don't have enough people helping to navigate the Canadian market. You've earned a subsciber in me.
It is funny how you are presenting your analysis of metrics from GTA and while you speak about Canada 😂
Housing market is crashing in a slow motion,lot of people are losing their jobs and inflation is crazy
Yeah it is crazy :/
I said prices will come down a year ago and you were dismissive of that claim, now it seems you are in fear mode graduating from denial, this will be a long churn, unfortunately some of the numbers you quoted dont make sense given fantasy of lower rates and not taking into account the long term debt cycle and 70s style increases in interest rates… things will only get worse my friend…Stagnation!
Do unemployment # include non permanent residence? Especially if their % / population is higher compare to any other time?
Includes work permit holders.
What about depreciation of money value ?
Exactly why you need to be mortgage / rent free on retirement.
Bro, what about someone who started in 1990?
They are very very rich today :) mortgage free living in primary locations with houses worth $1M+
FIRST AS ALWAYS!
Sardar g tusi smart o
Roughly 7% yoY growth and then on top of it 3 to 5 % rental yield. A great investment
U hv to consider income tax, property tax, all the money you spend on maintenance, capital gain tax, and difficulty of selling decades old house
Channel band kar hun te wapas jao ji
If there is no immigration.....no temporary population...no rent ......no mortgage payment....😂
sadly, you are not a Canadian. you are an Indian living in Canada. if you were a Canadian, you would not wear that thing on your head
Sadly, you aren’t a Canadian either. Because if you were, you would not forget our human rights of freedom of conscience and religion.
@@growwithnav Yeah, the freedom!!!! you left a country oppressing its people, poor like no where and you come here, to Canada in my country to live exactly like in the country you left. Lose your scarf on your head, play hockey, eat maple sirop, speak English and French and then be a real Canadian
Well said, Martin. These guys have defiled our beautiful, clean, crime-free country.
Will it go more down??
Hello Nav the Scammer going by the legacy of scamming
Everyone knows that a world wide Depression is coming,🥱