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!!
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. 👍
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... ❤️❤️❤️
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.😊
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
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.
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
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
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.
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 😀.
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
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 😍
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!!
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
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.
This video is appicable to all who have great skills because canada only pay for skills.Focus on skills nahi ta ghar chado uthe kch ni lita jaana ....its real truth kise nu bura lge maafi 🙏🏻
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..... :)
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.
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??
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.
Hi sir my son is in Canada for last 11 months and he wants to come to India to meet us for some time period,will there be any problem related to his PR if he comes before an year or everything gonna be fine if he comes Please do reply🙏🏻
I am a was a student here and now i am a here for quite long. Its been 4yrs. There is no issue coming back we can visit india any time. If he was on applied status for a workpermit then he has to wait. Otherwise he can visit you. If he can take a break from college or uni. Or if they are providing courses online he can visit india no issue. And if he is taking a break then their is one thing to keep in mind that your son has to be full time student for atlist 2 semester. If he meets all this. He can visit
bhaiya i am coming to canada for 3d animation diploma, and intake se pehle mai graphic designing krne ka soch rha hu, will it be benficial? mai job krr skta hu graphic designer ki waha pe? and 3d animation ke kaisa scope hai waha pe please bhaiya bta do, and i love your videos🥰
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 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
I wish I had a big brother like you who could guide me and teach me more about finances , great content 👍
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
plz make video on how exactly we can have multiple properties after buying our first house
Please make a video on monthly installments after buying a house
Absolutely bro 💯
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... ❤️❤️❤️
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.😊
Paaji congratulations for multiple properties 😆❤️
chilla chilla ke sabko scheme bta do 😂 bhaisab
@@ParulTV 😂
Please make a video on how to own multiple properties or how people buy multiple properties in Canada.
Hey Parul, the max you can withdraw tax free from Rsp under Home buyers plan is $35000. So saving more than that for the purpose of home purchase may not be a great idea. It has to be a combination of tfsa and rsp. Disclaimer: it can be different for different circumstances and goals
Please make more videos on how we can buy multiple properties after first home.
Great Content!💯
Thanks Parul for this video. Am def gonna save this for future :)
1:35 -> typo -> PaulTV, if I am correct.
wrong calculation, in 5 years houses will usually appreciate, the 2455$ is tax being saved and not any new income
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.
What’s the location in starting of the video?? Seems like a really beautiful viewpoint.
It was really easy to understand bro with this video. Can you please make a video on TFSA as well?
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
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
I wish I come to Canada soon and fill my dreams ❤💫
Hello ਜੀ,
I love your Punjabi Accent ਵੀਰੇ😊
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.
We want more financial free videos , side business, gas station, passive incomes, how to become rich
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 are not only a good engineer 👌👌 but also a good investor as well . 👏👏
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 😀.
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.
Loved this video of yours 🤗
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
Need more video's about how to manage finance and investing 😃🤷
One of amazing video i really really appreciate this . Along with request to make more videos like this ♥️
Hey Paul. I stay in DDO. Where do you stay in Quebec
Can you make a video on how to invest in RRSP and a little bit details about RRSP
Thanks
Power of compounding
Hey. Tell us about the health care system of Canada which they say is free. How well and bad it is?
You are so good...keep it up
Parul veere is video jera tune used kiti ha us da naam Dass do veere
Watching this video while Waiting for PPR 😅
Bhaiya please ek video banana jisme k 12th k baad ek science student kaise eak cyber crime specialist ban sakta hai Canada main ???
Please please please please please please please please please please please please please please please bhaiya please.
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
With 70 k salary who is going to give 800k loan. It is impossible.
Bro but don’t forget to mention mortgages of each house of yours so that people will not say u a show off guy
"maybe you don't know" 🔥
we need more videos like this
Always Motivational for me🙂Thank you for doing such a excellent video for us.
Multiple properties video needed🤘🏻
Je t’aime parul bhai !! When I see your video I get inspired to come to canada. It's my aim.
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 😍
Please make a video on education loan sources
Do we have to do it monthly or we can put it all at once before the due date to put money in rrsp
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!!
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.
nicee videos brooo very knowledgeable ❤
Multiple property video plzz
The vdo i needed to get started than you so much bhai
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
How can an international student get a job of 70k per year ?? And what side hustle you suggest if a student has no interest in making TH-cam content
Does this RRSP add interests when we withdraw it?
And that 8% is also interest we get added?
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.
Parul make detailed video on investment in RRSP please.
Much love from Pakistan 🇵🇰❤️🇮🇳
Hii meine bhi 12 th commerce se complete Kiya Hain ab mujhe Canada aana hain or wahan snow fall hota hain tab log college and job jate hai
Paaji .... Monthly installment !!!
Great plan bro bt i am going to New Zealand so give some same information about New Zealand
It will also have closing cost associated to it right?
very informative and valuable video
sir can you tell your house price range ???????
I know it is personal but just please tell range !
We want video on multiple properties also
Can u make video on rrsp in details?
Construction and architecture scope in canada ... Please bhaiya there is no such video on these topic .. please cover these topic.
Huge scope in future brother , just do your research
This video is appicable to all who have great skills because canada only pay for skills.Focus on skills nahi ta ghar chado uthe kch ni lita jaana ....its real truth
kise nu bura lge maafi 🙏🏻
Great video 👍👍👍👍
Make some vedio on cyber security course in canada
PARUL BHIYA PLZ TELL ME THAT IS NIAGARA COLLEGE GOOD TO PURSUE STUDIES OR NOT
Can we do this method as an international student?
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..... :)
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
Plz also tell how much a person have to pay after buying a housw
What's the maximum amount we can deposit monthly in RRSP account?
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.
Great video bro👍
How to start as a new student
thanks for making a video a out this
U haven’t told about monthly payments bro
If you think your house is your biggest investment you're living on biggest lie
Where can i find rssp . Is it in bank
How to afford Mustang and Ram 😂😂
its not really expensive- trust me
Sir make more videos on your investment journey
Very informational 👍
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??
What a knowledgeable video 🥰
Very nice information , 👍
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.
Hi sir my son is in Canada for last 11 months and he wants to come to India to meet us for some time period,will there be any problem related to his PR if he comes before an year or everything gonna be fine if he comes
Please do reply🙏🏻
I am a was a student here and now i am a here for quite long. Its been 4yrs.
There is no issue coming back we can visit india any time. If he was on applied status for a workpermit then he has to wait. Otherwise he can visit you. If he can take a break from college or uni. Or if they are providing courses online he can visit india no issue. And if he is taking a break then their is one thing to keep in mind that your son has to be full time student for atlist 2 semester. If he meets all this. He can visit
Sir you told everything thing bt you didn't tell that how much instalments per month would be
cannot factor that - as it depends on interest rates and u can do that online if u have budgets and all. This is more of an step 1 video
@@ParulTV Bhaiya please make continuation video for this one
Please use black screen
bohot mast video bhai keep it up
bhaiya i am coming to canada for 3d animation diploma, and intake se pehle mai graphic designing krne ka soch rha hu, will it be benficial? mai job krr skta hu graphic designer ki waha pe? and 3d animation ke kaisa scope hai waha pe please bhaiya bta do, and i love your videos🥰
Bro aapne previous study kya kii hai
3d animation has more value
@@awaaragamer8821 abhi 12th pass hai
@@jaskaran_.singh_ okii thankss
Thanks 👍🏻😊