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. 👍
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
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
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.😊
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 😀.
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... ❤️❤️❤️
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
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.
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!!
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
Sir, no one is talking about agriculture sector in Canada, on UA-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.
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 😍
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
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.
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..... :)
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
One video on how to buy Ford Mustang 🐎🐎😂
😂😂😂😂
He bought Mustang through passive income mainly UA-cam 🔥🔥❤️
Elentra ki price me milti he , easily le sakte ho ( depends on your future plans )
Buy asset not liability 🔥
My dream in Canada
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
Paaji congratulations for multiple properties 😆❤️
chilla chilla ke sabko scheme bta do 😂 bhaisab
@@ParulTV 😂
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
Please make a video on monthly installments after buying a house
Absolutely bro 💯
Thanks Parul for this video. Am def gonna save this for future :)
plz make video on how exactly we can have multiple properties after buying our first house
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
Hey Parul, the max you can withdraw tax free from Rsp under Home buyers plan is $35000. So saving more than that for the purpose of home purchase may not be a great idea. It has to be a combination of tfsa and rsp. Disclaimer: it can be different for different circumstances and goals
Thank Parul your videos are so beneficial for me since 2019 before coming canada Montreal . I did packed my stuff after watching your videos. Thanks a lot for making these videos and helping people like me.😊
wrong calculation, in 5 years houses will usually appreciate, the 2455$ is tax being saved and not any new income
Please make more videos on how we can buy multiple properties after first home.
Great Content!💯
I wish I come to Canada soon and fill my dreams ❤💫
Please make a video on how to own multiple properties or how people buy multiple properties in Canada.
1:35 -> typo -> PaulTV, if I am correct.
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.
With 70 k salary who is going to give 800k loan. It is impossible.
Power of compounding
It was really easy to understand bro with this video. Can you please make a video on TFSA as well?
Loved this video of yours 🤗
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, 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 😀.
One of amazing video i really really appreciate this . Along with request to make more videos like this ♥️
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... ❤️❤️❤️
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.
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
We want more financial free videos , side business, gas station, passive incomes, how to become rich
Watching this video while Waiting for PPR 😅
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.
Je t’aime parul bhai !! When I see your video I get inspired to come to canada. It's my aim.
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!!
Always Motivational for me🙂Thank you for doing such a excellent video for us.
Need more video's about how to manage finance and investing 😃🤷
nicee videos brooo very knowledgeable ❤
Parul are not only a good engineer 👌👌 but also a good investor as well . 👏👏
Bro but don’t forget to mention mortgages of each house of yours so that people will not say u a show off guy
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 UA-cam content
Multiple properties video needed🤘🏻
"maybe you don't know" 🔥
we need more videos like this
You are so good...keep it up
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
Paaji .... Monthly installment !!!
Thanks for this video😊🦋
Multiple property video plzz
How to afford Mustang and Ram 😂😂
its not really expensive- trust me
Great video 👍👍👍👍
The vdo i needed to get started than you so much bhai
Can you make a video on how to invest in RRSP and a little bit details about RRSP
Thanks
Please use black screen
Hello ਜੀ,
I love your Punjabi Accent ਵੀਰੇ😊
What’s the location in starting of the video?? Seems like a really beautiful viewpoint.
very informative and valuable video
Sir, no one is talking about agriculture sector in Canada, on UA-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.
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 😍
Great video bro👍
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.
Please make a video on education loan sources
Very informational 👍
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
Good brother
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?
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
Hey Paul. I stay in DDO. Where do you stay in Quebec
What a knowledgeable video 🥰
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
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
Much love from Pakistan 🇵🇰❤️🇮🇳
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.
Great video sir👍
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 🙏🏻
Very nice information , 👍
Thanks 👍🏻😊
Does this RRSP add interests when we withdraw it?
And that 8% is also interest we get added?
Great plan bro bt i am going to New Zealand so give some same information about New Zealand
bohot mast video bhai keep it up
Informative Video
Parul veere is video jera tune used kiti ha us da naam Dass do veere
Bhai 5 saal baad 816k ka ghar 1.2 million prr chla jayega.
PARUL BHIYA PLZ TELL ME THAT IS NIAGARA COLLEGE GOOD TO PURSUE STUDIES OR NOT
Can we do this method as an international student?
Parul make detailed video on investment in RRSP please.
sir can you tell your house price range ???????
I know it is personal but just please tell range !
Calculation is wrong
Agar student hoga to vo 2saal to study me gaye
And 3rd year vo gud set hoga work set hoga and 4 yaer ye team start hogi 😬😬
It will also have closing cost associated to it right?
thanks for making a video a out this
Do we have to do it monthly or we can put it all at once before the due date to put money in rrsp
It's all are real or fake?
True 💯
What's the maximum amount we can deposit monthly in RRSP account?
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..... :)
Bs 22 rent he good aaa😄
To be honest, those terms were tough to understand
How to start as a new student
Sir make more videos on your investment journey
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 what is price of ur house