Відео

They are a absolute waste of money. I rather live in a 1 bedroom basement than living in these extremely small dog house for humans.

I am what you would called an “investor” and I closed a unit earlier this year, and I have four units closing in the next 2-3 years. My recently closed unit, I paid 65% downpayment and will not be a cash flow negative. My upcoming closings in the next few years, I expect the rates to come down below 3% which is a historically low number. Investors don’t assume 0% rates forever. Only jealous people who did not get in the market thinks investors assumes a 0% rate forever. I have the financial ability to make those three units close to neutral cash flow. But Toronto real estate is still very good investment because of the long term tremendous undersupply, especially in the prime locations. Rents in the city is likely going to rise. We want Toronto to be in the big boys of world cities, we don’t get there with affordable rents. For my properties, a one bedroom is being rented by a person with a $120k+ income, and assuming a very conservative benchmark that 50% of your disposable goes into rent, there is much more room to grow from the $2,400-$2,600 one bedroom rents we are currently seeing. For the record, I am all for affordable housing especially for the young people. That’s why “investors” like me are driving the construction boom. And I believe the government needs to hurry up to build affordable housing at below market rents all over the city, but not in the core districts. That’s why building affordable housing is not counter to rental investments. I would like to think that I represent most of the “investors”. We are financially strong and have been defending the decline very well. That’s why there are jealous people complaining why prices have only come down 15% or so since 2023. Nowhere in the world has been as resilient. There are always going to be an example of a stretched investor here and there, but the reality is there is 1 in 500. And their assignment sale is not even going to be showing up in the records!

My long-term goal is to become a mortgage agent, and my short-term goal is to become a mortgage underwriter. Could you please guide me?

I wn

Hi Navjot, can someone with open work visa (not pr) do required courses and start as a mortgage consultant?

How do I connect with you? I would like to ask a few questions. I am an investor and I get some questions to ask you. Please reach out. I watch all your videos

I would rather die soon! Both cases are so scary man!

With the increase in Crime in canada, Its hard to offer free Gifts!

I am paying 1095$ for a 2bhk 1100sft rent in one of the best capital cities of Canada all inclusive, plus 50$ Internet, 50$ power, thats all 😊😂😂😂, the city name is a secret else it will be flooded with brainless people 😊😅, these brainless agents are sitting in real estate broker positions sucking the blood out of middle class Canadian families like us 😢

The Bank of Canada is full of shit.

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

Portability clause was bit confusing

Do you so smith manoeuvres policy

Keep up the great work Navjot ❤

VFV is the best, one of the first ETF I bought. VFV, ZNQ (NASDAQ), ZID (India), VDY (Canada) is all you need

Fantastic video for first time home buyers especially , thank you

Traditional banks can effectively create money through lending, thanks to the fractional reserve banking system. B-lenders, however, typically rely on private capital or funding from investors to issue loans. They don’t have the ability to create money out of thin air in the same way banks do. Hence, higher rates.

You are awesome! I am following ur videos since you both landed in Canada. So happy to see this amazing transition!

Great stuff!!

A course worth $5000, absolutely free... Thanks

Don’t pay rent for him

Scammer👳‍♂️

Please let me have the address to follow your progress. Otherwise, I'd think that you're just a guru pretending to be a knowledgeable real estate genius. This way, I could get your ROI and CAP rate. Obviously, I will need the breakdown of income vs. expenses.

I subscribed a while back but get frustrated whenever I watch due to I cannot understand some parts, I hope you put English subtitle.

I have 19 years of banking experience in Sri Lanka and came to Canada on a student visa. I’ve just completed my studies and am now on a work permit. I’m interested in becoming a mortgage agent, but unfortunately, it doesn't fall under NOC 0-3 for my PR process. I also hold an MBA in Finance. I’d appreciate any advice you could offer.

The WhatsApp group says it's full and can't join in. Made a 2nd or 3rd group by any chance?

What does it mean "Breaking two year early"?

Great video! Thanks for sharing!!

Save this video. Save this guy before banks kidnap him and put in the basement of those shiny skyscrapers of downtown!!

How safe are these banks? I know big banks like scotia is probably insured, but what about simplii finance or wealthsimple or EQ?

Let’s say you bought a $500,000 home with 5% downpayment or $25,000. You paid a mortgage insurance / CMHC insurance of $19,000. Your overall mortgage comes to $494,000 incl. the mortgage insurance. Let’s say you sell the home for $600,000 and want to upgrade to a $900,000 home with a 10% downpayment. If you had a portable mortgage, you could have easily ported your existing mortgage to the new home just paying the difference in CMHC / mortgage insurance - but because you got a non-portable discount mortgage on the first home, you will get a double whammy! You pay a penalty of ~$10,000 to break the mortgage! And you pay another $24,000 in CMHC / mortgage insurance. It’s not about the RATE always! There are at least 5 such clauses that can impact the penalties in a way that would cost you thousands of dollars in the in run.

Does mortgage agent get higher commission rate from mono lines then bank?

YOU ARE NOT SAFE HERE. GO BACK BEFORE ITS TOO LATE

Look at Td investment savings account offered only in TD direct investing

How about Koho?

Extremely insightful information. I would like to have a conversation with you regarding real estate projects.how can we connect

Please explain how lender B calculate penalty?

Thank you so much for sharing this information. Love the way you present facts with spreadsheet :)

NEO financial- 4%/ year interest rate for all time. Best in market.

Why not to invest it in a HISA ETF

Hey Nav, it’s was a grt video , I just want one answer from u that I have purchased a new condo worth of 144,500 n interest of 6.79 % for 1 year term only n I m doing weekly accelerated for 198 $ but also I m doing extra payment of 198$ should I do extra payment or not …will it save money

My plan is to buy a home in 2028. What should be the strategy if the plan is to buy a home in the next 3-4 years.

Very Informative, Really appreciate your effort! What about penalty with respect to Variable rates to Fixed rates? Is it standardized across all Banks/Monoline? or there is variation over their as well? Again, why would you not suggest with Monoline if the downpayment is 20% or more? Is it due to HELOC?

Just noticed a scammer!!!! Must be Indian😅😅

Why is that in Canada we do not have a 30 year fixed rate mortgage like the US? US, to that matter , is a better market with better financial products and not to mention the cost of living.

My mortgage is with a monoline at prime-0.4% . I have 3 more years left in my mortgage and also have 35% equity. Is it worth taking a new mortgage considering the 3 month interest penalty ? Do new lenders compensate these ?

I am bit sure why i git a prepayment with bmo at 20 percent’s principal.

TD 125%

Hey Nav, good video but I want to add a points here: 1. Agreed that most first time home buyers will break their mortgage in 3 years but 90% of them break their mortgae because they will be upgrading their home. Why would one not port their existing mortgage onto the next property? Generically speaking most of the big fives allow upto 4 month's from the day you break your mortgage to close on the new property and you blend your rate and get your penalties back? (This way you end up paying 0 penalties). I understand that your blended rate will be higher than the rate you might get if you do not port your mortgage but you end up saving on penalties which as per your calculations are of enormous amount. 2. RBC and CIBC stricktly does not work with broker channel in Canada, I am sure that is why you are not taking their names and took Scotia's name as they work with brokers heavily. Thanks for the video!

good analysis, unfortunate situation for many: they have to choose, and not a lot of people can afford to buy a home and(!) keep investing at the same time, but understanding the math and variables at play is essential to make an informed decision, based not solely on emotions and cultural norms, but also on numbers.