Sahil, thank you so much for teaching it in very raw and simple language. This video will surely helpful to all viewers like your other videos. Again, thank you very much..
Sir you took an emotional decision here. Buying a house was a very good decision 2 years ago because of the low prices and low interest rates. It's completely opposite now. I am myself waiting for the housing market to cool down in next few years
Waiting for the housing market to cool down is a foolish decision. Year over year, prices will always go up. You can hope it remains steady for a couple of years with high interest rates but its never going down to pre pandemic levels.
@@GautamS lol looks like you did not read the articles. GTA is already witnessing declining prices. average all time high price has already been hit and the recession has just begun
Himanshu Sharma don't wait buddy if you buying it for living, go for it if you have proper finance available with you , because mortgage rates will increase in coming future and secondly you are paying some rent that could be same as your EMI ,so at least you will have some thing in hand after paying for few years ,but if you pay rent it will give you nothing Brother, rest you better know about your situation,it's just a advise as a INDIAN friend, Thanks
Living in Delhi, Mumbai, Bangalore and then leaving those cities and moving to Bhopal, Madhya Pradesh, Haryana for the sake of purchasing house doesn’t make sense in terms of education, lifestyle, health care(bigger hospitals with better facilities,) will 100% make a difference in future. Thats the reason people living in GTA are trying to work more harder so that they can afford houses in GTA only as they also know what it looks like moving to small town vibe.
You made your decision in Complete and Pure Senses. If I was you then I would also do same kind of calculation like you did for not paying mortgage more than usual rent. I also like the idea of long term investment in strategic location. Everything makes sense. I have also heard people buying expensive homes then they caught themselves in difficulty of paying mortgage which makes no sense. They just buy to showoff which should not be the attitude for lifelong. So, well done and happy journey in new home.
GBU son. Saw a lot of your videos reason being my son was planning and has gone to study there. I always found you very honest and practical and saw your growth all these years. Very happy for you Always take care
Sahil, A pakistani student here with many ambitions. I just want to say one thing to you. Tussi great ho! much love! I will pray for you specially, after getting into Canada (InshaAllah).
So coming from a financial advisor, here are some tips which I dont think he researched or took into consideration: Reason 2) If he wants this as an investment property should he move, the bank does not debt service the whole rent as rental income. Most banks only consider 50% of annual rent as rental. So he will have to rent at more than the mortgage payment + taxes + 50% to actually nake it count as " house being fully paid by the tenants" 3) Borrowing Capacity will be affected, because his credit bureau will show his full house payment going out. Ofcourse by the time he actually moves into a new house, alot can change. But all else considered normal, he will use up his borrowing capacity. He is right about having this as investment property though for a long term approach, if wife makes good money, they should be easily able to afford a better house, he also would have options to pay it off during mortgage renewal period upto a certain extant (usually 10% prepayment option for fixed rate mort. each year without penalty, or full pay off at renewal time)
Also request to you, please share video related to what type of home is affordable on average income and minimum need. I think it's very useful to newcomers.
Thank you Sahil. Really impressed by the planning you did to buy your first house. One of my friends is on a 50k annual income bracket before taxes. Do you think a lending capacity of 50k times 4.5 would get him a house or condo of around 500k? Your insight would be quite appreciated.
Your videos are nice. But a house at 400k in Kitchener Waterloo area does not seem correct. You might be quite away from even KWC area, don’t see 400k house possible in KWC area. Whatever it is, congratulations on your new house
Sahil, I can't thank you enough for this video. It definitely helped making a decision on the type of house we should be looking for as we are first time buyers as well. We will be moving to Calgary next year and hopefully come across sometime in the city to say Hi :)
Congratulations on your first home. Were you an Inland on an outland PR applicant. Don't we need credit history for applying loan. Pls provide your valuable insights
Better to move to Calgary & buy home 🏡 60% cheaper. Calgary is the fastest growing tech, finance, logistics and film industry hub. Calgary has world’s best national parks and towns like Banff, Lake Louise, Kananaskis, Canmore, Drumheller & Jasper.
Sahil very informative video. Thank you. I like Canada couple but woh bohot show off videos banatey Hain like million dollar home 6 crore home. This is exactly what you did not do and your video is more informative than show off. Thanks again.
Wow… one of the videos with most optimistic and practical approach. Thanks Sahil bhai. One side where everyone is just telling about how unaffordable ontario has become, you just told how everything is possible.
IDEA FOR VLOG after 45 age limit when applying for PR points are impossible they say ? *Sahil you haven't said yet if 40+ or 44 years can still come to Canada either as student or is a visitor visa better and do the rest of the things after that ??* Any comments ?? *ALSO can anyone at this age also do EDUCATION which UNIV are open to it and what about VISA chances ? compare it to **#USA** or go for Masters /MBA in **#USA** because of the age and then go to **#Canada** and get a job ? CEC category and that also possible ??* And do you still think USA - education wise, univ wise is a better deal and option comparing to CANADA !! ?? Please let me know !! ANY SUGGESTIONS
Ravi, 40+ years can come on study visa. many mature students already there on study visa or completed study now and onroute to TR to PR via PGWP. only things your study plan must link to your previous study or work experience and it will show progression. you must hv sound bank balance to afford study. on visitor visa you can come but you cant achieve anything... buying lmia/work visa etc... are Ponzi schemes. don't look into it. if can afford study in Canada at 40+ and it add value to your previous study or current work experience. you will get study visa. i hope you got your both answers. USA is better or no. its out of syllabus. after study where PR is easy USA or Canada. of course in Cañada PR is easy... USA will take ages to get green card 3 to 2 to 1 etc.
@@amitrajoria4548 thank you for answering .. I edited some parts of my question and post study also after a age specially this 45 crossing is told NO POINTS WILL COME OR GETTING AFTER THAT is impossible even after 1 year CEC work experience in canada ❓ please have a look.. However an executive MBA or MBA and which country and then which CITY is a big question !! If Canada then which Univ .. top 5 you think is the best bet and the location ? On top of that question stil is USA education is ofcourse ranked higher ..so how much difference does it make and then STARTUP and JOBS are available in USA more right ? Salary too and higher position jobs ? Not just labour ..or low paying jobs .. and if it is STEM then 3 years you get and try got H1B .. THEN the point comes get experience and or start working in CANADA and then shift ?? Is that a good idea and do many do that ?? Or you would say at this age still try Univ first in Canada ?? Of course all the documentation, visa waiting period, such high level of preparation for Canada is much much higher and a lot of things to be submitted and complicated (possible but takes months and top univ like UBC, ivery etc etc - not sure if it's possible ) !! Now next ⁉️ what would you now add to your answers ..
@@deboraabh you are mixing many things. whts your priorities. you want education and PR or education only. where Canada or USA. is family will also move with you. for mature students Canada still is best option. that's why mature students choose Canada. if you get admission in TOP 5 Uni. study visa chance's are easy. CEC is not a problem after 1yr fulltime work experience. even PNP option also open. city you have to decide based on your affordability. people pick uni in Atlantic provinces or periere province due to TR to PR is easy. getting education in USA on H1B VISA, YOU CANT work in Canada. you still need work permit or job offer, its same thing you are in India or USA. its take 2,3 months to get approval from uni depends on which intake you applying. getting admission to visa overall wont take more than 8 to 12 months. i seen many of my friends in same age group complete the whole process in 4 months to some in 12 months. don't try college. you might get admission but visa chances are low. try admission in uni only and if you already have bachelor go for master. if you hv masters. thn go for MBA or specialized master program. all must be align to your study and work. if you want to move with family at 40+ to settle somewhere, Canada is best option.
@@amitrajoria4548 single and will hopefully settle down again new in the new country (you think there are chances to start new in Canada too or same points to both countries ? Also - considering I have some little close and some closer family members , sister in USA and cousins In USA I should go to USA ?? ) .. SO there are some family and relatives in USA already Settled so is that a MAJOR factor I should see ?? that's why i was kinda weighing both options though I do need the PR etc as well or GREEN card sooner .. so what you think is best to do in this scenario with these factors and being SINGLE now ?? .. Next comes age and univ well - so you are saying age doesn't matter for visa !! Recently i am seeing a trend where univ are saying ok to higher age as well except a few and the agents are anyways non knowledgeable on any aspect .. so I'll have to figure out and contact univ directly.. if It is Canada still as a choice then how's Uof A in Alberta and food enough or shall I surely try UBC and top 5 in MBA and you may know any recommendations and how much doff it makes in future .. now next comes the fields and industries which I'll think of later but have you seen EMBA full time option too by the way instead of MBA and how does that figure out or span out you think ? BTW... By the way what do you do and where are you located and you have LinkedIn, telegram or contact points ? And thanks for being so nice to have replied to my queries .. thanks again !! Appreciated 👍
@@amitrajoria4548 to add to the above reply oh by the way ..which Atlantic provinces and univ and they better option for mature right as you say like univ of Saskatchewan etc etc and or any other places Nova Scotia and any thing else or is UBC like Vancouver still the option to try first as a city plus the uni
I still remember almost 2yrs ago, in one of the videos of sahil bhaiya, he told he got about 68-69% iguess ( n that in govt college) i.e good score tho... But ithink now it could be same, means i can't say but 70% good enough to get admission in MMB + ilets should be 7 for universities
Great video Sahil bhai. This will really help me and many first time home buyers. Keep up this work 😀🙌🔥
Thanks Akshit, I'm glad it helped! :)
Both youtubers
Hello Akshit bhai
Ya par bhi 😄😄
Sahil, thank you so much for teaching it in very raw and simple language. This video will surely helpful to all viewers like your other videos. Again, thank you very much..
Sir you took an emotional decision here. Buying a house was a very good decision 2 years ago because of the low prices and low interest rates. It's completely opposite now. I am myself waiting for the housing market to cool down in next few years
True prices have peaked .. maybe they will go up 20 30 PC more.. then it’s downhill
Waiting for the housing market to cool down is a foolish decision. Year over year, prices will always go up. You can hope it remains steady for a couple of years with high interest rates but its never going down to pre pandemic levels.
@@GautamS Exactly! people who wait will have regrets.
@@GautamS lol looks like you did not read the articles. GTA is already witnessing declining prices. average all time high price has already been hit and the recession has just begun
Himanshu Sharma don't wait buddy if you buying it for living, go for it if you have proper finance available with you , because mortgage rates will increase in coming future and secondly you are paying some rent that could be same as your EMI ,so at least you will have some thing in hand after paying for few years ,but if you pay rent it will give you nothing Brother, rest you better know about your situation,it's just a advise as a INDIAN friend,
Thanks
Living in Delhi, Mumbai, Bangalore and then leaving those cities and moving to Bhopal, Madhya Pradesh, Haryana for the sake of purchasing house doesn’t make sense in terms of education, lifestyle, health care(bigger hospitals with better facilities,) will 100% make a difference in future. Thats the reason people living in GTA are trying to work more harder so that they can afford houses in GTA only as they also know what it looks like moving to small town vibe.
So Happy for you....
Heartfelt Congratulations for your first House in Canada!
👍👍......
You made your decision in Complete and Pure Senses. If I was you then I would also do same kind of calculation like you did for not paying mortgage more than usual rent. I also like the idea of long term investment in strategic location. Everything makes sense. I have also heard people buying expensive homes then they caught themselves in difficulty of paying mortgage which makes no sense. They just buy to showoff which should not be the attitude for lifelong. So, well done and happy journey in new home.
First of all Congratulations
Such a realistic and calculated thinking
Thank you for bringing the hype down
Paaji aapne to bhut hi important points or bhut achi planning share kari h. Mje b ab yhi karna h or ye bhut helpful hai
GBU son. Saw a lot of your videos reason being my son was planning and has gone to study there. I always found you very honest and practical and saw your growth all these years. Very happy for you
Always take care
Congratulations and Thank you 🙏Sahil bhai. You are the best.
Sahil, A pakistani student here with many ambitions. I just want to say one thing to you.
Tussi great ho! much love! I will pray for you specially, after getting into Canada (InshaAllah).
Ghar he vo hi badi bat he sir
jesa bhi ho he to apna 🔥
So coming from a financial advisor, here are some tips which I dont think he researched or took into consideration:
Reason 2) If he wants this as an investment property should he move, the bank does not debt service the whole rent as rental income. Most banks only consider 50% of annual rent as rental. So he will have to rent at more than the mortgage payment + taxes + 50% to actually nake it count as " house being fully paid by the tenants"
3) Borrowing Capacity will be affected, because his credit bureau will show his full house payment going out. Ofcourse by the time he actually moves into a new house, alot can change. But all else considered normal, he will use up his borrowing capacity.
He is right about having this as investment property though for a long term approach, if wife makes good money, they should be easily able to afford a better house, he also would have options to pay it off during mortgage renewal period upto a certain extant (usually 10% prepayment option for fixed rate mort. each year without penalty, or full pay off at renewal time)
Sahil in 2030 be like
“How I became prime minister of Canada?”
How I became PM of canada within 8 years of getting my PR 😅
Hahahahah.. amen!
hah! 😄
Justin Trudeau you have compitition now , be aware 😀😀
Konsi city mai ghar liya bro?in pocket friendly budget 🧐
To the point and very informative thank you very much ! And many congratulations on this milestone🙌🏻
lot of congratulations and best wishes,
may God bless you
Asalamo alikum bhai bhot bhot Mubarak ho Allah ap sub ko is ghar ma rahna naseeb karay ameen 💝
I saw your video from the very beginning. Most important thing you are very smart that's why you are successful. Congratulations
Thankyou so much for making this video in Hindi.
May mahadev bhagwan ji give you each and everything in life 🕉👍❤️
Where you bought your house tell can you tell location is it sarnia or london or chatham
Congratulations 🎊🎊. Veerji......
Also request to you, please share video related to what type of home is affordable on average income and minimum need.
I think it's very useful to newcomers.
Thank you Sahil. Really impressed by the planning you did to buy your first house. One of my friends is on a 50k annual income bracket before taxes. Do you think a lending capacity of 50k times 4.5 would get him a house or condo of around 500k? Your insight would be quite appreciated.
If he has the remaining downpayment, then maybe.
Your content is miles ahead of other creators, provides such immense knowledge
Very precise & crisp video Sahil bhai
Once again congratulations beta... thanks for information...soo useful
Your videos are nice.
But a house at 400k in Kitchener Waterloo area does not seem correct.
You might be quite away from even KWC area, don’t see 400k house possible in KWC area.
Whatever it is, congratulations on your new house
Congratulations dear
Congratulations Sahil for your first home in Canada.
Bhai Apke Vlog Informative hote hey, Like it, Thanks for Information
Where is u r house? Mean which province and near where?
Congratulations 🎉🎉 and its very informative details thanks
Sahil, I can't thank you enough for this video. It definitely helped making a decision on the type of house we should be looking for as we are first time buyers as well. We will be moving to Calgary next year and hopefully come across sometime in the city to say Hi :)
you got 1 subscriber, man!
On point as always!
Very practice, calculative and Good information share 👍
And it really helps 😀....so well planned and decided..... Result is peaceful living. Great work bro... Masha Allah👍
Share more videos on financial suggestions for freshers as well as regretting community
Congratulations have been following you since your bicycle was stolen I guess.. thanks for sharing the information as always.
Bro in which area you bought the house kindly tell please
Such an informative vlog.
bhai investments ke upar bhi ek video banana.. jaise alag alag investment ke option kya hai canada mein
Sir Congrats for new house.One and only buy a house after PR
Timing could have been better. Literally bought it at peak.
I'm also looking to buy in the same budget in KW area
Rahul I hv already watched. I am faster😁
Hi congratulations
Have a great successful life
Congratulation veer ji
Congratulations on your first home. Were you an Inland on an outland PR applicant. Don't we need credit history for applying loan. Pls provide your valuable insights
Hi.. Congratulations
Makes a lot of sense
in which city you bought aa house you didn't mention that till now ??
Ha, wohi wanted to know the province etc.
Better to move to Calgary & buy home 🏡 60% cheaper. Calgary is the fastest growing tech, finance, logistics and film industry hub. Calgary has world’s best national parks and towns like Banff, Lake Louise, Kananaskis, Canmore, Drumheller & Jasper.
Hey brother Congratulations
Sahil very informative video. Thank you. I like Canada couple but woh bohot show off videos banatey Hain like million dollar home 6 crore home. This is exactly what you did not do and your video is more informative than show off. Thanks again.
To the point 👌👍🌷everything
Wow… one of the videos with most optimistic and practical approach. Thanks Sahil bhai.
One side where everyone is just telling about how unaffordable ontario has become, you just told how everything is possible.
Congratulations bro, which area did you buy your house?
You are very good looking.
Bro I'm civil bsc engineer should I go for master study or go with skilled immigration?
Sahil which locality is yours?
Which town !
only PR holders can buy house or student can too?
Wish you did subtitles/ made an English video
Good information
Hello sir student visa pe spouse me meri beti ki education free hoti he ki pay krna hota he ??
Badiya Bhai
bro please improve audio 🙁❤️❤️❤️, we hope you will improve, keep it bro
is this kind of houses are available or have to search a lot
किया स्टूडेंट रहते (4इयर्स कोर्स)हुए घर खरीद सकते हे।
Make video on investment or fd for students after landing there
Can we buy Audi and home at the same time?
why don't u make video on RRSP ? what is that and can ppl on PGWP can apply and where is it applied etc???
Congratulations on your marriage in advance :P
Good video. But where did you get a detached house for this much money
What’s the normal mortgage term in Canada? What’s your mortgage term?
most people choose 5 year fixed
Mashaallah 👌
I hv to let out two bed room walk out basement in london mcleod
IDEA FOR VLOG after 45 age limit when applying for PR points are impossible they say ? *Sahil you haven't said yet if 40+ or 44 years can still come to Canada either as student or is a visitor visa better and do the rest of the things after that ??* Any comments ?? *ALSO can anyone at this age also do EDUCATION which UNIV are open to it and what about VISA chances ? compare it to **#USA** or go for Masters /MBA in **#USA** because of the age and then go to **#Canada** and get a job ? CEC category and that also possible ??* And do you still think USA - education wise, univ wise is a better deal and option comparing to CANADA !! ?? Please let me know !! ANY SUGGESTIONS
Ravi, 40+ years can come on study visa. many mature students already there on study visa or completed study now and onroute to TR to PR via PGWP. only things your study plan must link to your previous study or work experience and it will show progression. you must hv sound bank balance to afford study. on visitor visa you can come but you cant achieve anything... buying lmia/work visa etc... are Ponzi schemes. don't look into it. if can afford study in Canada at 40+ and it add value to your previous study or current work experience. you will get study visa. i hope you got your both answers. USA is better or no. its out of syllabus. after study where PR is easy USA or Canada. of course in Cañada PR is easy... USA will take ages to get green card 3 to 2 to 1 etc.
@@amitrajoria4548 thank you for answering .. I edited some parts of my question and post study also after a age specially this 45 crossing is told NO POINTS WILL COME OR GETTING AFTER THAT is impossible even after 1 year CEC work experience in canada ❓ please have a look.. However an executive MBA or MBA and which country and then which CITY is a big question !! If Canada then which Univ .. top 5 you think is the best bet and the location ? On top of that question stil is USA education is ofcourse ranked higher ..so how much difference does it make and then STARTUP and JOBS are available in USA more right ? Salary too and higher position jobs ? Not just labour ..or low paying jobs .. and if it is STEM then 3 years you get and try got H1B .. THEN the point comes get experience and or start working in CANADA and then shift ?? Is that a good idea and do many do that ?? Or you would say at this age still try Univ first in Canada ?? Of course all the documentation, visa waiting period, such high level of preparation for Canada is much much higher and a lot of things to be submitted and complicated (possible but takes months and top univ like UBC, ivery etc etc - not sure if it's possible ) !! Now next ⁉️ what would you now add to your answers ..
@@deboraabh you are mixing many things. whts your priorities. you want education and PR or education only. where Canada or USA. is family will also move with you. for mature students Canada still is best option. that's why mature students choose Canada. if you get admission in TOP 5 Uni. study visa chance's are easy. CEC is not a problem after 1yr fulltime work experience. even PNP option also open. city you have to decide based on your affordability. people pick uni in Atlantic provinces or periere province due to TR to PR is easy. getting education in USA on H1B VISA, YOU CANT work in Canada. you still need work permit or job offer, its same thing you are in India or USA. its take 2,3 months to get approval from uni depends on which intake you applying. getting admission to visa overall wont take more than 8 to 12 months. i seen many of my friends in same age group complete the whole process in 4 months to some in 12 months. don't try college. you might get admission but visa chances are low. try admission in uni only and if you already have bachelor go for master. if you hv masters. thn go for MBA or specialized master program. all must be align to your study and work. if you want to move with family at 40+ to settle somewhere, Canada is best option.
@@amitrajoria4548 single and will hopefully settle down again new in the new country (you think there are chances to start new in Canada too or same points to both countries ? Also - considering I have some little close and some closer family members , sister in USA and cousins In USA I should go to USA ?? ) .. SO there are some family and relatives in USA already Settled so is that a MAJOR factor I should see ?? that's why i was kinda weighing both options though I do need the PR etc as well or GREEN card sooner .. so what you think is best to do in this scenario with these factors and being SINGLE now ?? ..
Next comes age and univ well - so you are saying age doesn't matter for visa !! Recently i am seeing a trend where univ are saying ok to higher age as well except a few and the agents are anyways non knowledgeable on any aspect .. so I'll have to figure out and contact univ directly.. if It is Canada still as a choice then how's Uof A in Alberta and food enough or shall I surely try UBC and top 5 in MBA and you may know any recommendations and how much doff it makes in future .. now next comes the fields and industries which I'll think of later but have you seen EMBA full time option too by the way instead of MBA and how does that figure out or span out you think ? BTW...
By the way what do you do and where are you located and you have LinkedIn, telegram or contact points ? And thanks for being so nice to have replied to my queries .. thanks again !! Appreciated 👍
@@amitrajoria4548 to add to the above reply oh by the way ..which Atlantic provinces and univ and they better option for mature right as you say like univ of Saskatchewan etc etc and or any other places Nova Scotia and any thing else or is UBC like Vancouver still the option to try first as a city plus the uni
which city do you live in?
Bro one of my father’s friend from Canada of going to sponsor me how long it will take to get visa ?
Bhai for how much year you I'll pay bank loan for this house
Where did you bought house in such cheap price?Is it in GTA?
brother which city you purchase house
Tysm
Narula ji आप ने घर कहा लिया हे मेरा बेटा भी किचनर में रहता हे अभी वर्क परमिट में हे वो भी घर लेना चाहता हे आप का mobil no मिलेगा क्या
Konsi Location ?
Very helpful
How much you bought house
Sir mere bete ka leya friend senca collage
I lik his idea but no one think too much afterol u hav 1 life
Nice video from gujarat surat chity
Click bait!... What is the price dude?
He clearly said it, 400,000
Me first always sahil bro
hii Light Yagami
❤️😍🌹🙏
Beta kis city mein kharida hai
Sahil please let me know the minimum percentage required to get admission in MMB program Windsor --( Bds) %
I still remember almost 2yrs ago, in one of the videos of sahil bhaiya, he told he got about 68-69% iguess ( n that in govt college) i.e good score tho...
But ithink now it could be same, means i can't say but 70% good enough to get admission in MMB + ilets should be 7 for universities
@@iamnitinkesri any chance for 66%
Thanks for replying.
@@piyushupadhyay2 idk much but u can apply... I think u will get... ATB👍😊
@@iamnitinkesri thank you dear
wowwwwww