country couldnt be run on real estate and immigration, country need productivity, forign investments, exports, future oriented investments, but unfortunatley canada has nothing one of these
Canada has farming and lot of natural resources which they need to cash on but unfortunately government thinks that they will grow economy by bringing more immigrants who will drink Tim Horton's coffee and economy will grow.
@@maaki3389 Need a change in govt to focus on economy, borders, law & order and puts Canada and Canadians first. Current govt is busy with woke nonsense and sending our money overseas - probably money rerouted back into politician pockets or their friends/families my guess. Change from Canada last to Canada first is needed. Simple question for the woke, how is importing oil from other countries okay, but not using our own? Ironically we have higher safety and environmental standards than those other countries.
Very rightly mentioned by you. Most policies we see are quick fix and lack long term vision. Earlier they had shortage of staff and employment was high, so they shouted and quick fixed that. Note they have extra staff so again its problem and quick fix going on. We need to develop industry and sectors as mentioned in above message
You are 💯 percent 👍👍👍 correct. Country is very, very poorly managed because the country leaders and team are fully and clearly unqualified, not wise, weak, fiscal irresponsible incompetent, overspending and unnecessary hand outs, over taxing all working poor people from top to bottom, engaging in appeasement politics and handouts, irresponsible, and foolish. Many, many crisises were sadly, unwarranted, and unfortunately created via incompetency and grossly unfair/incompetent MISMANAGEMENT IN MOST IMPORTANT AREAS of civilians lives.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio🌲
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
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 Robert L Cox.
You are 💯 percent correct 👍👍👍with "Canada is in the dumps: No Jobs, No business, No home. " Very sad 😭 😭 😭 😭 😭 and unfortunate situations for the innocent people victims 🙏😭🙏😭🙏.
Yes, country is 💯 percent "Overspending, High Deficit, High Debt" and driven into the ground due to improper, incompetent, irresponsible, reckless, uncaring, and unqualified leadership. Also, sadly 😭😭😭😭 and unfortunately, several unnecessary and unwanted crisises were resulted.
Not less but 100 percent I have the same sentiments .....I have had arguments with so called gyaani people here ....the worst is yet to come. All this decline in Interest rates etc is so much I'm isolation. And populist move not backed with substantial and concrete measure to improve economy
You are both 💯 percent correct with "The worst is yet to come." The damages and destructions are substantial and real. Any new government would definitely have a very uptick challenge in fixing all crisis which would be very unlikely to fix and repair permanently. Very Sadly 😭😭😭, and heartbreakingly 😂😂😂 all innocent victims people are suffering tremendously.
Hey Nav. I really love your stuff. I know it's your "brand" to focus on the 1M immigrants and getting them to retire with the $5M... but your information is clean concise and accessible for the "non-immigrant" population as well. You present information that most Canadians need to hear.
Your understanding of economics is amazing. Qualified and smart people like you should be in politics and hold Finance portfolio. You should think about running :)
When is “sooner”? This should have been done at least 8-10 years ago. I am clueless why the income is not verified with CRA unless it was done on purpose to inflate the market.
Lol CRA dont even know if you change address you think they will do this??.........................lol Work One year in one province and then another year in other and then come back to original province and CRA is lost.........................
@siddiqze . There was a survey sent to mortgage people on how cra can connect with banks. It MUST be connected soon because stopping mortgage income document fraud will stop money laundering, crime in Canada. Housing will be affordable . People in GTA buying 30 feet detached home for 1.5 seems crazy. How many people have that kinda of income. It's common sense. Moreover CRA will become profitable because they can collect so much of unaccounted tax not reported by so many business self employed people in Canada. To get a mortgage from a bank customer MUST have genuine income meaning they need to pay income tax first. Get mortgages on real income documents. Not fake.
@maaki3389 lol. They must hire people who can help them. So many talented people unemployed. Create jobs and they can increase CRA revenue from people NOT paying their due share of income tax claiming all low income benefits and yet owing millions of dollars of properties.
Lol! People still think real estate business is a get-quick rich scheme. Just a pack of cards waiting to be blown away, just like the imaginery house prices on which the Candian economy is built on.
You are 💯 percent correct 👍👍👍👍 with "Most people still thinks real estate business is a get quick rich scheme." Actually, real estate business is a get quick poor scheme and get quick bankruptcy scheme for all vulnerable and innocent people 🙏❤️🙏.
If you can bring enough money to invest in real estate then you will survive in Canada. You don't need a job when you can just collect rent and at the same time hide that income and collect benefits from govt. The real problem comes only (if) when this model collapses.
Inflation numbers are going up investors are out of Canadian real estate. The lack of immigration rent rates have come down investors are out only First time Home buyers are in the Market lack of jobs income is still same to qualify for a mortgage.
Yes, very brilliant and honest brother Nav Ji is very thorough, knowledgeable, very wise, truthful, and very realistic 👍👍👍👍👍. The gentleman is a real clever financial analyst and excellent foreseeable economic genius. Sir NAV is NOT 🚫🚫🚫🚫🚫 a bullshiter person like most people including political leaders sadly and unfortunately does ! ! ! ! . Thanks 🙏👍🙏.
More than 80% of canadian voters are living on rent basis, obviously canadian govt have to think about tenents not for landlords, u will see next 2/3 years house prices will go down, rents will go down
Yes, you are 💯 percent correct 👍👍👍👍👍👍 with "You will see next 2/3 years house prices will go down, rent will go down ". House prices are truly way overpriced dishonestly and grossly inflated for at least 10 years. The bubble has to break eventually because it is not currently fairly economically sustainable by no one. Also, what goes up very dishonestly, brutally, and crookedly must come DOWN with the REAL GRAVITY of TRUE KARMA FOREVER for the wonderful Justice of all SUFFERING and ViCTIMIZED HUMANITIES at large 🙏🙏🙏. Thank You 🙏🙏🙏.
Nav is an incredible shinning super Star ⭐✨💯🙏🥌🪨🤚❤️🔥💪🌟👍🪒🏆. Keep up the excellent quality truthful show 💪🔥🙏 Nav Ji . Thank You 🙏🙏🙏. May God 🙏 🙏 🙏 🙏 🙏 blesses you always Nav ! ! ! ! .
Thanks for the video @growwithnav. One quick question Why semi detached and detached only? Can’t we create a secondary dwelling in freehold if there is enough space ?
Hi, I just found your channel, great content. Can you please consider adding some sources to your slides to show where you're getting some of these numbers like the 41.7% increase Canadian Businesses filing for bankruptcy? After Googling it looks like you got the numbers from the ISED, but it would be nice to not have to Google at all lol. Cheers, great content! I sub'd
Actually Canada can not afford these high prices ! politicians and policy makers better realize this earlier Or with them... we are also doomed including next generation.
Actually they can. If you think about it, high home prices reduce stress on the economy: 1. Retirees have equity in their homes that they can live off. So less reliance on social security. 2. High Property prices = higher property & land transfer taxes. 3. Youth rents and doesn’t buy - hence having more disposable income to spend into the economy. More people investing in alternate assets like stocks - always good for the economy. 4. Youth owns nothing and look for alternates to multiple wealth and afford housing one day - pushing them to think of starting businesses and fuelling the economy. The only one who loses is the person wanting to buy a home and obsessed over this being their purpose in life. Everybody else incl the govt wins :)
Thank for all good information Nav. I always enjoy your content. My bank is giving 3.99 fix for 5 years, I bit confused if I should go var now and what if we don’t get good fix rate in future when var are lower
I don’t understand your situation enough to provide advice here. Variable in general is a decent strategy right now - but adjustable variable 100% of the time.
Hi Nav ... need your suggestion , fan of you since a long time (more than 3 yr) , last year i locked interest rate at 5.8% for 3 yr fix until oct 2026 , what should i do now ? Ask lender about change or wait till one or two announcement and take action ??
Yes it is Dip BULLS*IT! Glad I got my last rental property 2023 early fixed lol prices went higher and not going up 😅 STOCK is where the money at parked my money since end 2022
Bro how will people survive if AI takes everyone’s jobs in a couple of years? How will people pay their mortgages without any jobs? I would really appreciate your input on this…
@@growwithnav My point is, AI will eventually make human labour useless. Even if we learn AI tools, this technology will eventually learn everything that is needed to do a job. In that case, when there is a mass unemployment due to AI, how will people survive? This is my question.. how will people survive in your opinion?🤔🤔
There will be new jobs that get created. Mankind has always found a way to progress through technology. Remember when we thought pagers were cool? Kodak was cool? Blockbuster?
Hi navjot if someone bought home in partnership with friend earlier and now after selling that home if i now buy the home will it be considered as ‘FIRST TIME HOMEBUYER’ or not please reply
@growwithnav but the mortgage was expiring on Dec14.No choice. Earlier, I enjoyed 1.69% pendimic lowest for 4 years. I don't know why the lender hasn't advised me to go for 10yrs for 1.69% or a little higher. I think 1.69% was once in a lifetime.
What is the penalty to switch from variable to fixed mortgage in upcoming future when fixed are low considering one take Adjustable-rate variable mortgage now?
Hey nav really appreciate your work, in case we are putting 20% down should we still go for adjustable rate mortgage or a simple variable rate will also work, please suggest.
Politicians would say anything to get into power. The best time to buy is when you are ready and have stable & good income :) that’s the only guarantee we have in life. Politicians will come and go.
You'll pay less per month with biweekly use it if your budget is tight. Never use monthly always use accelerated biweekly instead you'll pay same amount per month as of montly , but you'll pay way more principal and bit less interest over 5 year because of more payments.
Thanks for sharing such valuable information! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
California’s GDP is bigger than even the most populous country India (GDP $3.55 trillion) and Canada’s GDP($2.14 trillion) is not half of California’s GDP ($3.9 trillion). You are rounding $190 billion off to zero. 😂😂😂
No, California's GDP is NOT 🚫🚫🚫🚫 bigger than very Prosperous INDIA 'S GDP. Incredible INDIA 'S GDP is currently the 5th Largest in the world and very soon, it will be the 3rd largest in the World. India currently has the NUMBER ONE economic output and number one economic GDP growth amongst all major economies for many, many years. India is a fantastically strong rising global powerhouse and world leader in all fields, areas, and arenas ! ! ! ! Thank You 🙏🙏🙏. God bless 🙏🙏.
Yes, you are 💯 percent correct that Canada is massive land wise, but if U.S. invaded Canada, very sadly 😭 😭 😭 😭 😭, Canada would be conquered and be defeated by U.S.A. very quickly. @@growwithnav
Aaj (December 16, 2024) ka Jagmeet Singh ka statement sunaa? Do mahine Pehle Jagmeet ne Justin ka saath chhoraa, aur aaj usne kahaa hai Justin Trudeau must resign. Justin bechaara phans gayaa ek Sikh ke changul mein. Main shuru se bolti aa rahi hoon. Sikhs aur Punjabis par kabhi bharosa mat karnaa (khaas kar Kanedda ke real estate agents and car dealers). Badey bemuravvat, chor, chunt, dhokha-dhadi karne waale, matlabi aur makkar hote hain ye log. Inki har baat mein ek underlying objective hoa hai. Inka shaitaani dimaag badaa shaatir hotaa hai. Ye aapka saara paisa loot lenge aur dakaar bhi nahin lenge. In logon se bachke rehnaa. In logon mein jhooth bolke, meetha meetha bolke, dhokhaa deke, fraud karke paisa kamaane ka talent koot koot ke bharaa hotaa hai. Matlab poora honay par aapko pehchaanenge bhi nahin. Bach ke rahiyo Sikh ya Punjabiyon se. Ye mera Canadian experience ka nichode hai.
The real market is seriously in the collapsing mode already. The media and governments are doing a lot of cover ups and not unravelling the truth. Lots of power of sales and repossess properties already on the Market.
We are supplying great stuff to US like energy, oil and gas,, this is not avocados and pineapple, never mind lumber and other commodities. Yes, we are very important to US economy. These are just a few. Canada has to stand against a bully like Trump.
Doesn't being in deep shit itself mean that we should invest now when unemployment is high and the buying power and sentiment both are low. Once things are better the prices will further go up?
@@PaulSukhdeo sir by being better than others, in terms of skills, hardwork and discipline. Finding your niche and being unique. If the unemployment is 7.2% that means still around 93% people are working. It's hard but doable
Bank of Canada going to cut rate to 1% in 2025 so you are going to see mortgage rates between 2 to 2.5% by next year. Our economy has been running on immigration mostly past few years! Unemployment is main thing to watch, private sector not creating jobs!
You should start a channel on how to tie a turban. I would subscribe and love to learn. My channel is about finance. If you don’t want to learn, don’t watch :)
@ lolz Grow with nav 😀😀 Your personality is like tht firstly grow yourself wear a nice turban will impact more audience- with all this only i feel is how to grow old 😂😂
Sir Ji, are you a turban Inspector ? ? ? ? ? . Do you know how to tie a turban to your perfected turban tie-in standards ? ? ? . The honourable host NAV show is not about turban tie-in. Please 🙏🙏🙏 do not 🚫🚫🚫🚫🚫🚫 be a wilful and unwise distractor. Also, please 🙏🙏🙏 be respectful to the excellent 👍👍👍👍 and very informative superstar 🔥💪🪒❤️🌟⭐✨🤚 🔥💪 ❤️🌟✨🪒⭐NAV. Thank You 🙏🙏🙏.
I like the word that he is using because he is speaking the ultimate "TRUTH" . Also, he is pointing out the seriousness of the "SHITTY" economy that is sinking and not performing well. No need to cover up a deep shit real estate market that is grossly over " INFLATED" and totally over priced beyond all human comprehensions and imaginations. To the host, please 🙏🙏🙏 keep using the shit word, shitty word, or deep shit word. I totally respect and salute 💪💪💪 you for speaking the Ultimate "RAW TRUTHS'. Your show has a lot of honest 🙏🙏🙏fire 🔥🚒🔥🚒🔥 power ! ! ! ! ! . Thank You 🙏🙏🙏, God 🙏 🙏 🙏 bless you! ! ! ! .
This could have been averted if people stop coming to Canada to make money from others profit/loss and do some real work that adds to the growth of the economy. You could have made this money in You tube and advising others by sitting in India or somebody's backyard. Put some character in yourself 1st.
He lives in Canada which is an English speaking country and his content is about Canada. No relevance for Hindi or Punjabi since there are South Indians viewers too who don't speak these languages.
Wife went to her loving, caring, prosperous, and blessed 🙏🙏🙏 Mother India Nation for more Love,respects, and blessings 🙏 💖🙏❤️🙏💗🙏❣️💓🙏💕🙏❣️🙏😍🙏🤩❣️ from her Beautiful Blessed MOTHER INDIA FOREVER 🙏❤🔥🏆🌟🤩⭐💪✨🤚🙏 ! ! ! .
Why is shit word offensive ? ? ? ? . NAV is correctly using the right shit word in describing the true context of economy and real estate market. We should praised and glorify the Truth and not criticized nor condemned the reality of the truthful shit word. Please 🙏🙏🙏, do not try to stop🚫🚫🚫🚫🚫 for all the shitty situations that NAV is speaking and describing about. Also, we do have freedom of speech in Canada. Do not 🚫🚫🚫🚫🚫 try to muzzled authentic superstar 🔥💪🪒❤️🙏⭐✨🌟🏆NAV. THANK YOU 🙏🙏🙏.
Hey nav really appreciate your work, in case we are putting 20% down should we still go for adjustable rate mortgage or a simple variable rate will also work, please suggest.
country couldnt be run on real estate and immigration, country need productivity, forign investments, exports, future oriented investments, but unfortunatley canada has nothing one of these
Canada has farming and lot of natural resources which they need to cash on but unfortunately government thinks that they will grow economy by bringing more immigrants who will drink Tim Horton's coffee and economy will grow.
@@maaki3389 Need a change in govt to focus on economy, borders, law & order and puts Canada and Canadians first. Current govt is busy with woke nonsense and sending our money overseas - probably money rerouted back into politician pockets or their friends/families my guess. Change from Canada last to Canada first is needed. Simple question for the woke, how is importing oil from other countries okay, but not using our own? Ironically we have higher safety and environmental standards than those other countries.
Very rightly mentioned by you. Most policies we see are quick fix and lack long term vision. Earlier they had shortage of staff and employment was high, so they shouted and quick fixed that. Note they have extra staff so again its problem and quick fix going on.
We need to develop industry and sectors as mentioned in above message
You are 💯 percent 👍👍👍 correct. Country is very, very poorly managed because the country leaders and team are fully and clearly unqualified, not wise, weak, fiscal irresponsible incompetent, overspending and unnecessary hand outs, over taxing all working poor people from top to bottom, engaging in appeasement politics and handouts, irresponsible, and foolish. Many, many crisises were sadly, unwarranted, and unfortunately created via incompetency and grossly unfair/incompetent MISMANAGEMENT IN MOST IMPORTANT AREAS of civilians lives.
Thank you for a great channel. Being a old man its hard to keep up with how fast you speak .. I will get there. Thanks for a great vid.
hello, you can adjust the video speed to be higher or lower :) click the settings cog on the bottom right and adjust 'Playback Speed'
Thank you. I will try to speak slower
Speed x0.8 - 0.85 works well for me
I appreciate not having to speed you up 😂
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio🌲
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced 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 Robert L Cox.
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
Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
You can’t afford any decent home without 2 people income. Canada is in dumps: No jobs, no business, no home.
You are 💯 percent correct 👍👍👍with "Canada is in the dumps: No Jobs, No business, No home. " Very sad 😭 😭 😭 😭 😭 and unfortunate situations for the innocent people victims 🙏😭🙏😭🙏.
Nav thank you so much for being transparent with all your knowledge. Transparency is the key to success
My pleasure!
Country need Manufacturing, Trudue stopped Oil Business, most waiting oil Business moved out, overspending, High Deficit , High Debt.
Yes, country is 💯 percent "Overspending, High Deficit, High Debt" and driven into the ground due to improper, incompetent, irresponsible, reckless, uncaring, and unqualified leadership. Also, sadly 😭😭😭😭 and unfortunately, several unnecessary and unwanted crisises were resulted.
Great Reporting....Liked the video!
Glad you enjoyed it
Not less but 100 percent I have the same sentiments .....I have had arguments with so called gyaani people here ....the worst is yet to come.
All this decline in Interest rates etc is so much I'm isolation. And populist move not backed with substantial and concrete measure to improve economy
You are both 💯 percent correct with "The worst is yet to come." The damages and destructions are substantial and real. Any new government would definitely have a very uptick challenge in fixing all crisis which would be very unlikely to fix and repair permanently. Very Sadly 😭😭😭, and heartbreakingly 😂😂😂 all innocent victims people are suffering tremendously.
Hey Nav. I really love your stuff. I know it's your "brand" to focus on the 1M immigrants and getting them to retire with the $5M... but your information is clean concise and accessible for the "non-immigrant" population as well. You present information that most Canadians need to hear.
100% it is :) everybody wins in this mission
Your understanding of economics is amazing. Qualified and smart people like you should be in politics and hold Finance portfolio. You should think about running :)
Haha.. politics and power is the enemy of truth :) i would rather speak the truth than give into the power
Sonner than later banks would be connected with CRA for mortgage income verification. Hope this happens soon to save Canadian economy .
That will be the best!!
When is “sooner”? This should have been done at least 8-10 years ago. I am clueless why the income is not verified with CRA unless it was done on purpose to inflate the market.
Lol CRA dont even know if you change address you think they will do this??.........................lol
Work One year in one province and then another year in other and then come back to original province and CRA is lost.........................
@siddiqze . There was a survey sent to mortgage people on how cra can connect with banks. It MUST be connected soon because stopping mortgage income document fraud will stop money laundering, crime in Canada. Housing will be affordable . People in GTA buying 30 feet detached home for 1.5 seems crazy. How many people have that kinda of income. It's common sense. Moreover CRA will become profitable because they can collect so much of unaccounted tax not reported by so many business self employed people in Canada. To get a mortgage from a bank customer MUST have genuine income meaning they need to pay income tax first. Get mortgages on real income documents. Not fake.
@maaki3389 lol. They must hire people who can help them. So many talented people unemployed. Create jobs and they can increase CRA revenue from people NOT paying their due share of income tax claiming all low income benefits and yet owing millions of dollars of properties.
Lol! People still think real estate business is a get-quick rich scheme. Just a pack of cards waiting to be blown away, just like the imaginery house prices on which the Candian economy is built on.
You are 💯 percent correct 👍👍👍👍 with "Most people still thinks real estate business is a get quick rich scheme." Actually, real estate business is a get quick poor scheme and get quick bankruptcy scheme for all vulnerable and innocent people 🙏❤️🙏.
GREAT VIDEO USING EXAMPLES!!!!!!!
Thank you! 😃
Very indepth and valuable informations by a real Canadian desi.
Glad you liked it!
If you can bring enough money to invest in real estate then you will survive in Canada. You don't need a job when you can just collect rent and at the same time hide that income and collect benefits from govt. The real problem comes only (if) when this model collapses.
Inflation numbers are going up investors are out of Canadian real estate. The lack of immigration rent rates have come down investors are out only First time Home buyers are in the Market lack of jobs income is still same to qualify for a mortgage.
True
Thank you for the great video 😊
Thanks for watching!
Great analysis!
🙌
Yes, very brilliant and honest brother Nav Ji is very thorough, knowledgeable, very wise, truthful, and very realistic 👍👍👍👍👍. The gentleman is a real clever financial analyst and excellent foreseeable economic genius. Sir NAV is NOT 🚫🚫🚫🚫🚫 a bullshiter person like most people including political leaders sadly and unfortunately does ! ! ! ! .
Thanks 🙏👍🙏.
More than 80% of canadian voters are living on rent basis, obviously canadian govt have to think about tenents not for landlords, u will see next 2/3 years house prices will go down, rents will go down
Yes, you are 💯 percent correct 👍👍👍👍👍👍 with "You will see next 2/3 years house prices will go down, rent will go down ". House prices are truly way overpriced dishonestly and grossly inflated for at least 10 years. The bubble has to break eventually because it is not currently fairly economically sustainable by no one. Also, what goes up very dishonestly, brutally, and crookedly must come DOWN with the REAL GRAVITY of TRUE KARMA FOREVER for the wonderful Justice of all SUFFERING and ViCTIMIZED HUMANITIES at large 🙏🙏🙏.
Thank You 🙏🙏🙏.
Nav is an incredible shinning super Star ⭐✨💯🙏🥌🪨🤚❤️🔥💪🌟👍🪒🏆. Keep up the excellent quality truthful show 💪🔥🙏 Nav Ji .
Thank You 🙏🙏🙏. May God 🙏 🙏 🙏 🙏 🙏 blesses you always Nav ! ! ! ! .
13:31 you mentioned about there is a video for semi-detached house Vs townhouse . I couldn’t find that video and kindly share it with me .
Thanks for the informative video.
Glad it was helpful!
This channel needs more viewership.Instead of this people showing their personal lives . WABS . Good job Sir ji
Thank you 🙏
Good content 🎉
Glad you like it
Hello Navjot
In this scenario, what would you recommend? Fixed or flexible rate of interest on home mortgage renewal and for how many years?
Depends on your personal situation. Best to book a call and discuss it with the team.
Thanks for the video @growwithnav. One quick question Why semi detached and detached only? Can’t we create a secondary dwelling in freehold if there is enough space ?
You need space for a separate entrance on the side. Can’t have that in a townhouse
Canada was worse before but now worst. What options you may have after 20+ years here
Hi, I just found your channel, great content. Can you please consider adding some sources to your slides to show where you're getting some of these numbers like the 41.7% increase Canadian Businesses filing for bankruptcy? After Googling it looks like you got the numbers from the ISED, but it would be nice to not have to Google at all lol. Cheers, great content! I sub'd
Thank you! Yes, will do 🙌
Too much negativity- no difference in other countries….
If there’s less and less money in people, how there is support for the property market?
Property market will surely have a devastating crash in the future . Wait and see.
Call out the bullshit. We need stable jobs for anything to happen in the real estate market
Actually Canada can not afford these high prices ! politicians and policy makers better realize this earlier Or with them... we are also doomed including next generation.
Actually they can.
If you think about it, high home prices reduce stress on the economy:
1. Retirees have equity in their homes that they can live off. So less reliance on social security.
2. High Property prices = higher property & land transfer taxes.
3. Youth rents and doesn’t buy - hence having more disposable income to spend into the economy. More people investing in alternate assets like stocks - always good for the economy.
4. Youth owns nothing and look for alternates to multiple wealth and afford housing one day - pushing them to think of starting businesses and fuelling the economy.
The only one who loses is the person wanting to buy a home and obsessed over this being their purpose in life. Everybody else incl the govt wins :)
With CAD/USD crashing, do you recommend to move cash to USD?
Nice home work
Thanks 👍
Thank for all good information Nav. I always enjoy your content. My bank is giving 3.99 fix for 5 years, I bit confused if I should go var now and what if we don’t get good fix rate in future when var are lower
I don’t understand your situation enough to provide advice here. Variable in general is a decent strategy right now - but adjustable variable 100% of the time.
I understand what you mean, Thank you for responding
Good stuff. ONe feedback - try to speak a little slow! You are running too fast with wonderful content. Going a bit slower will help!
Thanks .. will do
U run with the content.
Hi Nav ... need your suggestion , fan of you since a long time (more than 3 yr) , last year i locked interest rate at 5.8% for 3 yr fix until oct 2026 , what should i do now ? Ask lender about change or wait till one or two announcement and take action ??
It will come with a hefty penalty. And if you are with a top 5, it will be even higher.
Ask your lender about that first.
@@growwithnavthank you !! Will discuss with lender .
Yes it is Dip BULLS*IT! Glad I got my last rental property 2023 early fixed lol prices went higher and not going up 😅 STOCK is where the money at parked my money since end 2022
Nice work!
Bro how will people survive if AI takes everyone’s jobs in a couple of years? How will people pay their mortgages without any jobs? I would really appreciate your input on this…
AI will bring different kinds of jobs. Which is why it’s important to learn how AI is changing your specific job and be at the forefront of it.
Truthful reality, all those people will definitely loose their homes quickly, when they all loose their jobs due to AI for sure ! ! ! .
@@growwithnav My point is, AI will eventually make human labour useless. Even if we learn AI tools, this technology will eventually learn everything that is needed to do a job. In that case, when there is a mass unemployment due to AI, how will people survive? This is my question.. how will people survive in your opinion?🤔🤔
There will be new jobs that get created. Mankind has always found a way to progress through technology. Remember when we thought pagers were cool? Kodak was cool? Blockbuster?
Hi navjot if someone bought home in partnership with friend earlier and now after selling that home if i now buy the home will it be considered as ‘FIRST TIME HOMEBUYER’ or not please reply
No. You aren’t first time home buyer now.
Wouldn't this result in homes available at cheaper rates as well as rents also reducing?
Could be. We still have a massive supply deficit but we are likely to have less investors in the market for sure.
I locked in my mortgage at 3.90% for a 3-year fixed term.Is this a favorable rate under current market conditions? Anyone, please?
It’s an ok move. I would have waited for it to drop below 3.5 personally.
@growwithnav but the mortgage was expiring on Dec14.No choice. Earlier, I enjoyed 1.69% pendimic lowest for 4 years. I don't know why the lender hasn't advised me to go for 10yrs for 1.69% or a little higher. I think 1.69% was once in a lifetime.
Where you got that rate
Yehi bacha tha sunana … in Canedda walon se
What is the penalty to switch from variable to fixed mortgage in upcoming future when fixed are low considering one take Adjustable-rate variable mortgage now?
Zero
30 years amortization applies to first time home buyers buying resale?
First time home buyers buying resale or presale.
Is there a definition of resale? This house am looking at is 20 years old. Bank said no 30 year product available yet
Banks don’t have it yet. Credit unions do. You can book a call from the link in the description and we can help.
True information
Sir, you are 💯 percent correct. Navjot Ji is a real sharp👍🙏🔥❤️💯🪒✨⭐🏆🌟 superstar 🔥💪🪒🔥🏆🌟✨⭐.
Thanks 🙏🙏🙏.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same, I met Joyce kim last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Veerji can you please speak a bit slow its hard to catch you pitch.
Hey nav really appreciate your work, in case we are putting 20% down should we still go for adjustable rate mortgage or a simple variable rate will also work, please suggest.
I can't understand this guy...his accent is very strong
Sir
You did great job & tons of valuable information
Thanks a ton
The best time to buy property is when poilievre will come house prices will go more down and no more foreign investments 2026 is the year
Politicians would say anything to get into power. The best time to buy is when you are ready and have stable & good income :) that’s the only guarantee we have in life. Politicians will come and go.
Will biweekly payment good or monthly payments ?
You'll pay less per month with biweekly use it if your budget is tight. Never use monthly always use accelerated biweekly instead you'll pay same amount per month as of montly , but you'll pay way more principal and bit less interest over 5 year because of more payments.
Thanks a lot!!
Thanks for sharing such valuable information! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Apply board is not tech company, it’s an international student admission company.
California’s GDP is bigger than even the most populous country India (GDP $3.55 trillion) and Canada’s GDP($2.14 trillion) is not half of California’s GDP ($3.9 trillion). You are rounding $190 billion off to zero. 😂😂😂
Canada is massive and US can’t invade it. Wasn’t the point of the video but sure.
No, California's GDP is NOT 🚫🚫🚫🚫 bigger than very Prosperous INDIA 'S GDP. Incredible INDIA 'S GDP is currently the 5th Largest in the world and very soon, it will be the 3rd largest in the World. India currently has the NUMBER ONE economic output and number one economic GDP growth amongst all major economies for many, many years. India is a fantastically strong rising global powerhouse and world leader in all fields, areas, and arenas ! ! ! !
Thank You 🙏🙏🙏. God bless 🙏🙏.
Yes, you are 💯 percent correct that Canada is massive land wise, but if U.S. invaded Canada, very sadly 😭 😭 😭 😭 😭, Canada would be conquered and be defeated by U.S.A. very quickly. @@growwithnav
Aaj (December 16, 2024) ka Jagmeet Singh ka statement sunaa? Do mahine Pehle Jagmeet ne Justin ka saath chhoraa, aur aaj usne kahaa hai Justin Trudeau must resign. Justin bechaara phans gayaa ek Sikh ke changul mein. Main shuru se bolti aa rahi hoon. Sikhs aur Punjabis par kabhi bharosa mat karnaa (khaas kar Kanedda ke real estate agents and car dealers). Badey bemuravvat, chor, chunt, dhokha-dhadi karne waale, matlabi aur makkar hote hain ye log. Inki har baat mein ek underlying objective hoa hai. Inka shaitaani dimaag badaa shaatir hotaa hai. Ye aapka saara paisa loot lenge aur dakaar bhi nahin lenge. In logon se bachke rehnaa. In logon mein jhooth bolke, meetha meetha bolke, dhokhaa deke, fraud karke paisa kamaane ka talent koot koot ke bharaa hotaa hai. Matlab poora honay par aapko pehchaanenge bhi nahin. Bach ke rahiyo Sikh ya Punjabiyon se. Ye mera Canadian experience ka nichode hai.
more reasons for people to default on their loans after real estate financing changes.
If they do that then nobody can buy a house and they know that real estate market will collapse
The real market is seriously in the collapsing mode already. The media and governments are doing a lot of cover ups and not unravelling the truth. Lots of power of sales and repossess properties already on the Market.
Yes, the real estate market is already collapsing for sure. Nobody is revealing the truths.
We are supplying great stuff to US like energy, oil and gas,, this is not avocados and pineapple, never mind lumber and other commodities. Yes, we are very important to US economy. These are just a few. Canada has to stand against a bully like Trump.
Why is youtube broadcasting your videos in 2x?
These are big changes to stimulate the economy again. Probably, housing prices will go up , depends where are you looking at.
oh bhaji gad nu brake lao thodi jehi. you talk to fast. try keeping at .85 speed. its perfect at .85 level. not too slow and not too fast.
Will do 😃
When majority of GDPnis contributed by Real estate what can you expect? JDT is real 🤡
Bro, what happened to your eyebrow?
Sun burn. Have a skin allergy to too much sunlight :)
Doesn't being in deep shit itself mean that we should invest now when unemployment is high and the buying power and sentiment both are low. Once things are better the prices will further go up?
It does :) which is why I am. But not because of FOMO. Because one can afford.
Makes sense, amazing video and timing. Just between my house search in Calgary
Wishing you the very best!!
Sir, deep ship means deep ship. How do work around a deep shitted and sinking economy when everything is upside down, economy and job wise.
@@PaulSukhdeo sir by being better than others, in terms of skills, hardwork and discipline. Finding your niche and being unique. If the unemployment is 7.2% that means still around 93% people are working. It's hard but doable
Bank of Canada going to cut rate to 1% in 2025 so you are going to see mortgage rates between 2 to 2.5% by next year.
Our economy has been running on immigration mostly past few years!
Unemployment is main thing to watch, private sector not creating jobs!
1% is far fetched and once in a lifetime kind of a scenario :) won’t happen again, I hope.
First learn how to tie a turban then teach people 😂
You should start a channel on how to tie a turban. I would subscribe and love to learn.
My channel is about finance. If you don’t want to learn, don’t watch :)
@ lolz Grow with nav 😀😀 Your personality is like tht firstly grow yourself wear a nice turban will impact more audience- with all this only i feel is how to grow old 😂😂
Sir Ji, are you a turban Inspector ? ? ? ? ? . Do you know how to tie a turban to your perfected turban tie-in standards ? ? ? . The honourable host NAV show is not about turban tie-in. Please 🙏🙏🙏 do not 🚫🚫🚫🚫🚫🚫 be a wilful and unwise distractor. Also, please 🙏🙏🙏 be respectful to the excellent 👍👍👍👍 and very informative superstar 🔥💪🪒❤️🌟⭐✨🤚 🔥💪 ❤️🌟✨🪒⭐NAV.
Thank You 🙏🙏🙏.
@ yes turban inspector 😂😂 and you are dismissed am not talking to u - honorable nav show 😂😂
Bro plz make shorter videos. 25 minutes is too much.
Make like 5-10 mins
Thanks.
🙌
@@growwithnavdon’t listen to them lol. You can literally fast forward for a reason.
Buy Crypto
Getting 3.75 fixed rnow
Gonna grab it
Where
lol. You Don't Need To Worry About Canada.....
Why not ? ? ? . What, you could not careless ? ? ? ? . Right ? ? ?
as long as my pension is safe, I don't really care. Actually, economic crises may benefit some.
Thanks for the valuable info.
You don't have to use the "shit" word more often. My personal opinions.
I like the word that he is using because he is speaking the ultimate "TRUTH" . Also, he is pointing out the seriousness of the "SHITTY" economy that is sinking and not performing well. No need to cover up a deep shit real estate market that is grossly over " INFLATED" and totally over priced beyond all human comprehensions and imaginations. To the host, please 🙏🙏🙏 keep using the shit word, shitty word, or deep shit word. I totally respect and salute 💪💪💪 you for speaking the Ultimate "RAW TRUTHS'. Your show has a lot of honest 🙏🙏🙏fire 🔥🚒🔥🚒🔥 power ! ! ! ! ! .
Thank You 🙏🙏🙏, God 🙏 🙏 🙏 bless you! ! ! ! .
This could have been averted if people stop coming to Canada to make money from others profit/loss and do some real work that adds to the growth of the economy. You could have made this money in You tube and advising others by sitting in India or somebody's backyard. Put some character in yourself 1st.
Unnecessary hate.
u speak relevant but u dont have good views, make it hindi or punjabi
A lot of may viewers are from south India :)
He lives in Canada which is an English speaking country and his content is about Canada. No relevance for Hindi or Punjabi since there are South Indians viewers too who don't speak these languages.
Try joining an English language course
all ur audience are desi, better speak hindi or punjabi
Why? If you live in Canada, it is expected that the person knows english or french
A lot of my viewers are from south India :)
@@growwithnavlol I was gonna say that some still think we are not indians lol
Lol if you can't speak basic English you can't expect others to learn your language 😅 and people in South don't speak both those languages.
I'm not Indian. I'm British, new in CA, and I benefit from Nav's video since its in english.
Arey biwi kaha gayi?
Wife went to her loving, caring, prosperous, and blessed 🙏🙏🙏 Mother India Nation for more Love,respects, and blessings 🙏 💖🙏❤️🙏💗🙏❣️💓🙏💕🙏❣️🙏😍🙏🤩❣️ from her Beautiful Blessed MOTHER INDIA FOREVER 🙏❤🔥🏆🌟🤩⭐💪✨🤚🙏 ! ! ! .
Hey Nav don't use slang shit... its offensive please use proper language.
Slang is cool pulls in the younger generation
Why is shit word offensive ? ? ? ? . NAV is correctly using the right shit word in describing the true context of economy and real estate market. We should praised and glorify the Truth and not criticized nor condemned the reality of the truthful shit word. Please 🙏🙏🙏, do not try to stop🚫🚫🚫🚫🚫 for all the shitty situations that NAV is speaking and describing about. Also, we do have freedom of speech in Canada. Do not 🚫🚫🚫🚫🚫 try to muzzled authentic superstar 🔥💪🪒❤️🙏⭐✨🌟🏆NAV.
THANK YOU 🙏🙏🙏.
Hey nav really appreciate your work, in case we are putting 20% down should we still go for adjustable rate mortgage or a simple variable rate will also work, please suggest.
If you going for variable, it should always be adjustable right now.