How to Buy a House in 5 Years
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- เผยแพร่เมื่อ 27 ก.ค. 2024
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00:00 Intro
00:13 Assumptions for the Plan
03:10 Lets do the Math
08:46 Conclusion
#buyinghouse #canada #parultv
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Peace!
I wish I had a big brother like you who could guide me and teach me more about finances , great content 👍
One video on how to buy Ford Mustang 🐎🐎😂
😂😂😂😂
He bought Mustang through passive income mainly TH-cam 🔥🔥❤️
Elentra ki price me milti he , easily le sakte ho ( depends on your future plans )
Buy asset not liability 🔥
My dream in Canada
Please make more videos on how we can buy multiple properties after first home.
Great Content!💯
Thanks Parul for this video. Am def gonna save this for future :)
Thank Parul your videos are so beneficial for me since 2019 before coming canada Montreal . I did packed my stuff after watching your videos. Thanks a lot for making these videos and helping people like me.😊
It was really easy to understand bro with this video. Can you please make a video on TFSA as well?
Very informative video.
However i would like to take in account about the salary. Initially 70k/year for students is just absurd. People usually receive salary in the bracket of 50 to 60k/year. You'll atleast need 3 years of experience to get 70k/year. He's explaining the things perfectly but as a student owning a house after 5 years is very very difficult. I mean it would take you 2 to 3 years to reach for the mentioned salary. Also you have to deduct expenses, your study loan and a dozen of insurances. Above all you should be able to afford several maintenances the house requires.
I don't intend to demoralise anyone, it's just the things you should take into account before buying a house. It's a very big deal to buy a house in canada when compared to INDIA.
Peace!!
Totally agree with you Vishal 👍
yeah study loan itself takes 1.5 years to clear.
@@ashrit2753 the graduates I know, it took them 5-10 years to pay off student loan.
@@allitm4642 It depends on various factors
right now it’s gonna takes at least 10-15 years
One of amazing video i really really appreciate this . Along with request to make more videos like this ♥️
Please make a video on how to own multiple properties or how people buy multiple properties in Canada.
ooo thank youu sir very much,, you don't how i was craving for this type of content ❤❤❤. sir if you can, can you make some more videos regarding this topic because your video are really adding values in my life,,,, Thank you Sir
Fantastic video. Explained so well and in simple words. Specially coming from India where the saving schemes are s o different i was struggling to understand the system here. Definitely feeling very motivated!!
Thanks for this video😊🦋
Loved this video of yours 🤗
plz make video on how exactly we can have multiple properties after buying our first house
Multiple properties video needed🤘🏻
we need more videos like this
Always Motivational for me🙂Thank you for doing such a excellent video for us.
You are so good...keep it up
Parul Sir, i have gone through many youtubers... talking about decent lifestyle and places. But really appreciate your efforts and advices. I hve watched all your videos. Your videos are actually practical and helpful for beginners and students. Thanks a lot for your efforts. Keep it up sir 😀.
Hello sir, it was a great video and was very informative for anyone who is planning to settle in Canada.
I had one question and that is, what kind of s&p 500 are you talking about because there are some which are US based (listed on NYSE)and some Canada based (listed on TSX).
For example: VOO is US based and is bought in US dollars whereas VFV (same as VOO) is bought in Canadian dollars.
They both are the same but the only difference is that VFV came 10 years back with relatively less volume and returns earned whereas VOO has been there for a while so it has higher volume and relatively higher returns.
As I’m based in Canada should I go with VFV even if it’s relatively new comparing VOO or should I entirely invest in VOO s&p 500.
I would really appreciate it if you can make me (or anyone else) understand about this.
Je t’aime parul bhai !! When I see your video I get inspired to come to canada. It's my aim.
Hey Parul, the max you can withdraw tax free from Rsp under Home buyers plan is $35000. So saving more than that for the purpose of home purchase may not be a great idea. It has to be a combination of tfsa and rsp. Disclaimer: it can be different for different circumstances and goals
Paaji congratulations for multiple properties 😆❤️
chilla chilla ke sabko scheme bta do 😂 bhaisab
@@ParulTV 😂
Need more video's about how to manage finance and investing 😃🤷
Very informational 👍
nicee videos brooo very knowledgeable ❤
Great video 👍👍👍👍
Great video bro👍
Great video sir👍
very informative and valuable video
Parul are not only a good engineer 👌👌 but also a good investor as well . 👏👏
Thanks 👍🏻😊
Please make a video on monthly installments after buying a house
Absolutely bro 💯
What’s the location in starting of the video?? Seems like a really beautiful viewpoint.
I wish I come to Canada soon and fill my dreams ❤💫
thanks for making a video a out this
Cant say about these investment but i think i agree on is that the salary must be minimum cad 70k annualy if u r looking to buy a house in canada …nice video bud
The vdo i needed to get started than you so much bhai
What a knowledgeable video 🥰
2 or 3 years of studies as a student than 5 years of plan it means it will take 7 to 8 years for students🙃
How can one be so sure that he or she will get 70k/year. You atleast need 3 years of experience to receive the said salary. It would roughly take 8 to 10 years to buy a house of your own. The math is correct but the values are a bit strange in his calculation. 👍
@@vishalmalhotra7602 bhai wo it wala hai uski 70k lg gyi hogi
Paaji eho te chahida... Plzz plzzz plzz I also want to start real estate business.... Please make video on multiple properties... Mujhe lgga hi c ke tusi real estate ch ho.... Luv u paaji... ❤️❤️❤️
Informative Video
Very nice information , 👍
It will also have closing cost associated to it right?
Do we have to do it monthly or we can put it all at once before the due date to put money in rrsp
We want video on multiple properties also
Hey. Tell us about the health care system of Canada which they say is free. How well and bad it is?
bohot mast video bhai keep it up
Does this RRSP add interests when we withdraw it?
And that 8% is also interest we get added?
Can you put more than 690 in RRSP? If yes, can you change that figure yearly? Like increase and decrease.
We probably can save more when single but you can loose a decent job or gain a family member etc
Great plan bro bt i am going to New Zealand so give some same information about New Zealand
Hey!! Sorry this question ain't related to your video but really important, I'll be applying for Royal roads university but recently I came across various reviews like the faculty is not proper and it would be a waste of money applying to RRU. So I was thinking if you could review the university with some of the known students to you. I'm really looking forward for your reply, BTW love your content 😍
sir make video on how to aim for multiple properties and way to invest in multiple properties while paying the mortgage, because a million house mortgage will be long period
Power of compounding
Can you make a video on how to invest in RRSP and a little bit details about RRSP
Thanks
We want more financial free videos , side business, gas station, passive incomes, how to become rich
Please make a video on education loan sources
Hey Paul. I stay in DDO. Where do you stay in Quebec
Good brother
Instead of rrsp could we use TFSA ?
Please make a video on investment and taxes (Ontario) & How to pay less taxes and generate cashflow.
yes or both
1:35 -> typo -> PaulTV, if I am correct.
actually I am preparing for my ca exam ipcc level that's why I got a one year of study gap .so can I show my admit card and result as a valid proof for the gap??
"maybe you don't know" 🔥
Can we do this method as an international student?
Hello ਜੀ,
I love your Punjabi Accent ਵੀਰੇ😊
What’s the difference between TFSA and RRSP? I’m already an investor in TFSA but will it help me in future or RRSP is more recommended?
I have been following you since 2018 when I was in India and preparing to come to Canada and watching your videos has helped me a lot with the Canadian Life till date and I know it will help many in future as well.
Keep up the great work Sir! Wish you Success.
wrong calculation, in 5 years houses will usually appreciate, the 2455$ is tax being saved and not any new income
Parul make detailed video on investment in RRSP please.
Sorry, i didn't get your point in accumulating down payment. What i understood is that i will b getting two loans for my first house. First from RRSP to arrange down payment and then pay monthly to RRSP for a period of 5 years. Secondly, mortgage financing for remaining amount of the house. Am i right..??? if not will you please elaborate a bit.
Great 😊👍
True 💯
What's the maximum amount we can deposit monthly in RRSP account?
Sir make more videos on your investment journey
PARUL BHIYA PLZ TELL ME THAT IS NIAGARA COLLEGE GOOD TO PURSUE STUDIES OR NOT
Plz also tell how much a person have to pay after buying a housw
Watching this video while Waiting for PPR 😅
Bro but don’t forget to mention mortgages of each house of yours so that people will not say u a show off guy
Bro i want to use home away from home service can you please tell me the price of 15 days plan ? I don't have any relative in montreal
Parul veere is video jera tune used kiti ha us da naam Dass do veere
But what about inflation. You haven’t talked about inflation rate of the housing price in 5 years. That also needs to be taken into account.
Sir, no one is talking about agriculture sector in Canada, on TH-cam. I'm a bsc agriculture student in India and planning to pursue pg diploma in Canada.
Please make video on agricultural sector, coarses, jobs.
You're assuming that the price of the house will remain 816k in another five years.. I'm not really sure where you're getting this figure..
Parul sir please make a video about BIL 96, i have admit from Bishop's University and can't make a decision due to that rule.
Thank You So Much sir for this video, I am living in timmins right now which is situated in northern ontario but it is a good place for students as well that is why i also made my channel who'll be coming here can get to know about it..... :)
sir can you tell your house price range ???????
I know it is personal but just please tell range !
Can u make video on rrsp in details?
Where can i find rssp . Is it in bank
Multiple property video plzz
U haven’t told about monthly payments bro
Paaji .... Monthly installment !!!
It's all are real or fake?
Do you have to be a PR holder or can someone with work visa can start investing in RRSP?
You can contribute even if you are a student.
Hi bro i need ur help, i have scored less marks in maths so i am giving improvement exam does embassy consider improved no. .improved exam is official conducted by cbse and is trully original here in india???????🙏🙏🙏🙏🥺🥺🥺plz help
How to start as a new student
Much love from Pakistan 🇵🇰❤️🇮🇳
Down-payment dene ke baad per month ki installment kitni banegi
Scope of applied energy management after graduation in Petroleum engineering
Make some vedio on cyber security course in canada
Hey Man, Is there any limit for RRSP? Like, 15K or 20K per year? Talking about upper limit here.
there is and there is also a withdrawal limit. i suggest you to check online in detail.
Hello Parul and Gaurav. As a Financial Advisor I would suggest you talk to someone like me or any other advisor wuth detail knowledge about the Registered plans such as RRSP & TFSA to achieve your desired goal. I have been following a set of rule for My RRSP & TFSA fund management to achieve the dream of buying my first house.
I also came as student in 2015 but there was not much financial guidance at that time, so I lost crucial 4 years of my life without the financial knowledge and started saving in June 2020 after I myself became a Financial advisor. So I would suggest to sit with someone who is an Expert and plan your goals and strategise.