Buying a Condo in Kitchener 🏠

#ad In this video, we take you to our house buying trip to Kitchener where we saw 5 condos and compared them on price, school district, condo fees, location & rental yield.
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[@vaibhavigajjar3391]

First of all, Simran is getting prettier day by day! ❤️ If you guys are reading this, you're doing a truly great job, you're giving courage and hope to aspiring immigrants like us. May god bless you guys!

[@Potatotalkies]

Thank you 🤗🤗🤗

[@bithikasinha_Musician]

@@Potatotalkies OMG....I'm so happy for you guys.... seriously it's a great decision 🙂

[@nishushaikh1209]

I agree with you, Vaibhavi❤️❤️❤️ She is extremely beautiful 😍

[@FateFaith]

Agree

[@satya6804]

you guys are so transparent with your salary, savings & goals which is seriously genuine and others are showcasing Alexa changing lights & Robot cleaning home

[@snigdhashamala8144]

I know who you mean 🤣

[@satya6804]

@@snigdhashamala8144 lol 😜

[@lakhanmunjal7397]

R u talking abt Canada couple

[@snigdhashamala8144]

@@lakhanmunjal7397 absolutely

[@sauravsavy]

This is great information guys. Thank you so much! Wishing the best for you and your cafe!

[@sachintrivedi7899]

Guys the 2nd place you showed is where I walk daily. I have never been outside Waterloo ( due to covid ) but I really like the vibe of Waterloo !

[@Potatotalkies]

Yes, it’s awesome 👏

[@tsk12171]

Great that you addressed Rental Yield as crucial factor for buying a property. Thanks for an amazing video guys !

[@Potatotalkies]

Thank you 😊

[@manasshekar]

I appreciate your hard work. Just wanted to put my views out here . So you both want to get a primary residential house and booked a pre construction which you will get 2 years from now (don’t think you really wanted this ). I would not do that personally but yes if you are looking for value and are ready to wait , way to go. Now, you want to move to to Kitchener till you get the house (again now completely convincing ) but I understand the urge to be near the place you will settle . Now then, you want to buy another condo instead of renting ? I think this is crazy. Why not just look for houses that you can move in this summer ? Yes they will cost more . Yes they are not brand new . But it’s well worth it . You are overlooking the expenses that come with a brand new home . Take your time and change decisions if required . Getting a house now and spending 2 years would make more sense personally and economically. and you are not putting all your eggs in real estate . And frankly this is misleading to your viewers who are looking forward to immigrating or have just come . Some people imitate things they see . Just my 2 cents

[@Potatotalkies]

I am not willing to pay a premium due to bidding wars - it goes against basic principles of investing! I would rather buy something that no one else is buying at a lower than market price - which in today’s market is a condo! In the long run, It will offset any short terms costs that I may have to incur :) It is risky and it’s not for everyone :)

[@manasshekar]

@@Potatotalkies it’s not the risk I’m commenting on , when you went to put the deposit in for the house - it looked Iike you wanted to just move in there this year . Now , your are taking a cascaded decision to buy a condo which is not cheap and probably not in line with your original intentions . Having multiple properties is amazing if you can afford it. By the looks of it , this will add pressure you might not want for now . I think your townhouse will now be an investment property and you will have to downpay 20% (I’m sure you know this) - but again is this what you wanted to do? Did you get outbid so many times that frustrated you out of the market ? Maybe .

[@Potatotalkies]

Do watch the next 2 videos ;)

[@manasshekar]

Sure thing ! Whatever you do, I wish you both well and work very hard . Hope you take it as constructive feedback .

[@Pradeep.Singh.d]

Best couple on KZbin, good luck and congratulations.

[@armeenbudhwani2008]

I get motivated watching you guys. Thanks for sharing 👍

[@Potatotalkies]

👏👏

[@allitm4642]

I liked Condo 3 and 4 the best but I think you guys should view more than 5 condos in Ontario and then choose the best one since you'll be stuck with a 25 year mortgage which is a long time. God Bless You both!!

[@Potatotalkies]

We saw about 12-13... but the one we got is one of these 5... more on this soon :)

[@allitm4642]

@@Potatotalkies Awesome!! Congratulations!!

[@bhanujamitra2697]

You guys are really smart & have understood so much about the local areas, finances, accommodation etc. plus you explain the same with such amazing clarity as well. If I ever come to Canada, I'm surely going to catch up with you guys @ ur Cafe.. i'm sure it would be a reality by then.. God bless :)

[@Potatotalkies]

🤗🤗🤗🤗

[@GenKnowledgeKing]

Congrats on buying 2houses in Kitchener. I am regular viewer of your channel and thoroughly like your videos. I must say that the location is the key for your condo, I am very well aware of the area as I live in Waterloo. Wish to meet you sometime once I am back to Canada as currently working from home (India) for few months

[@Potatotalkies]

Thanks 😊

[@sanskritighai5871]

Looking forward to coming to Waterloo University 😍 and experiencing all this as a student ❤️ Thank you for making such informative videos 💯

[@Potatotalkies]

🤗👏

[@milapsirodariya5153]

Congratulations both of you God bless you

[@Potatotalkies]

Thanks 😊

[@morzariadeep]

Lol I just came back to look at the HVAC ductwork for one of my projects for a condo unit 😂

[@Potatotalkies]

👏👏

[@jabursayyed4586]

u guys r growing really fast , so happy to see such progress just within a year ! A coffee with potatoes will be such a delightful experience in the future !

[@Potatotalkies]

Bilkul .. thanks 😊

[@InderjeetSingh-km2oo]

@@Potatotalkies thu thu.... kisi ki buri nazar na lage ....

[@Potatotalkies]

@@InderjeetSingh-km2oo 🤗

[@himanshuarora5119]

Thank you so much, guys. You motivate us and give us a path. A clear direction that how you can set your goals according to your dream. Thanks again. Keep it up.👏

[@tanvirahmedsunny930]

Congrats! Really happy to see you are going for both both townhouse and condo. We want to take a similar approach but we are still trying to figure out how. Can you guys tell us how you are able to buy both the pre-sale house and the the condo at the same time? I mean how did you guys manage to get the mortgage for both of those as they should be total of more than 800k CAD and did you use the first time home buyer benefits for the condo?

[@kaala-paani]

Hi Guys, Thank you for making informative videos that help new immigrants. As a well wisher I would like to suggest you to rent an apartment until u get the possession of your new house that you already bought. Looking at the rental yield you might end up paying more than 600 dollars per month. You are not factoring in the additional costs if the house goes vacant once in a while you have to pay mortgage from your pocket. Also there will be additional maintenance costs as students/renters might end up breaking the doors or damage the walls etc. The real estate market is crazy right now and once the banks start increasing the interest rates there will be a huge crash in the housing prices. It’s the historic low interest rates and FOMO is causing lot of people get into real estate without considering the pros and cons. I would suggest you to rethink this and make a decision on what you deem appropriate!

[@Potatotalkies]

Thanks... appreciate the tips 👍 Condo market is rock bottom right now ... and Kitchener / Waterloo will be gold in 5 years 😀 I am the kind of guy who can live with a loss, however will be sad if 10 years from now, I realize that i was right, but I didn’t make the move by believing in myself 😀 Besides, I will be living in this house till I get the pre con... and will be paying $200 more than what I pay in rent right now for a bigger house... and save $100 a month on car insurance for moving out of GTA ;) the math works out for now

[@28kartavya]

You guys are real inspiration and path bearer! Thank you 😊

[@Potatotalkies]

🤗

[@shiningstar9403]

Such a beautiful and Very Very informative Video. Thank you guys soo much 💐💐

[@prachisidharthincanada1394]

Congratulations guys!

[@Potatotalkies]

Thanks 😊

[@sameersondur9030]

Hi, When you buy a house and close the deal, there is one important thing you need to keep in mind which is 3-6 months(based on banks/CU) of reserves. Please ask your Loan officers in the beginning when you get pre-approval. Sometimes, they do not talk about it in the beginning when you get pre-approval. Reserves per month = PMI + Interest + Principal + Property Tax + Condo Fees

[@Potatotalkies]

That’s when you need to put it on rent. We will be living in this for a few months till we have our pre con ready :)

[@sameersondur9030]

@@Potatotalkies I understand that you are talking about Primary residence. My experience was different, I had payed 10% down for my primary residence and I had to show 3 months of reserves. My friend had to show 6 months of reserves with 20% down. So, please verify with your lender.

[@Potatotalkies]

@@sameersondur9030 will do, thanks 👍 3-6 months is not a lot... keep that much as emergency fund anyways.. the one thing of Dave Ramsey that I agree with 😀

[@mathews4265]

Congrats on getting sponsorships 👍 One thing I noticed is that there are very few people on the streets. Is this due to Covid or is this how it always is?

[@Potatotalkies]

Yeah... COVID is one of the reasons I am sure... plus it was middle of the day... the park in the end was pretty full.

[@mastidoubledelights6953]

Good step guys..... Make sure you know as it is your it would be your investment property you minimum have to put 20% down ,BC oz your ist house is considered as primary residence and after that whatever eve you buy minimum you put 20% in all condition ..so minimum you should have 85k + closing amount. Good luck

[@Potatotalkies]

Thanks :)

[@Potatotalkies]

@@CaptainSnowball08 yes, technically.. :) Plus, we will have to either refinance this to 20% later or pay 20% on our pre con.. we are prepared for that :)

[@Nadiaandherchildren]

3rd condo was the best in my eyes

[@Potatotalkies]

👍

[@dhruvgoyal2490]

Hello, awesome video guys. I can't imagine the amount of hard work you guys do to create this content. Honest, crisp informative and fun at the same time. I have few questions to ask you regarding buying a property in kitchener. Is there a way to get in touch with you Navjot? Thanks.

[@borisa.j.fernandes581]

Congratulations guys, y'all are truly an inspiration for all and Happy Easter🐣

[@Potatotalkies]

Happy Easter 🐣 😀

[@munishkuvadia2080]

So basically your rent will drop from $1900 to I guess around $400-$600 if you choose to buy a second house. That's a $1400 savings per month! Excellent decision to buy a condo. Great use of the surplus funds. Hats off.

[@Ghumtaram]

Informative and detailed 👍🏻🙏🏻

[@raghavagarwal4653]

My thought.... Appreciate if you could respond. If you put 4 lakh Canadian Dollars in NRE account of RBL bank, you can earn almost 1.44 lakh INR per month. This bank is giving 7.2% interest annually after compounding. Also, income in NRE account is non taxable. On the other hand, you will earn 80k INR per month after renting out your apartment. Think twice before investment such a huge amount

[@deepikajoshi9804]

The same i am thinking😉

[@Potatotalkies]

Doesn’t work like that my friend... real estate investing always trumps bank interest in long term esp. if you invest in a low market and sell when the market is hot... take that from someone who has done both for over a decade :) Is it safe? Nope! :) Do watch our vlogs from next week to see how it makes sense to buy Realestate

[@kirpaappar7510]

How come @raghav? Do you have any link that you can share

[@raghavagarwal4653]

@@kirpaappar7510 May I know which link you are looking for?

[@raghavagarwal4653]

@@Potatotalkies You know better paaji But do you really think that 1bhk condo price now which is approx 4lalkh dollar will become 8 lakh dollar in 2030? Don't you think saturation point is already reached?

[@sybelfernandes297]

Hi guys.. you’ll had given a link for your mortgage broker and sales rep for the house hunt in Kitchener. I am unable to find it. Can you please let me know where can I find them. Thank you! Totally love your content ❤️

[@anuphse]

Very happy 4 u buying house God Bless u

[@dipenbanker8582]

Make video related to healthcare and how system works there with some real experiences. We love the way you research and deliver to subscribers.

[@Potatotalkies]

We made that video a while ago with our friends who had a baby in canada.

[@muhammadali1367]

Always Loved your videos Keep the good work ❤️❤️

[@Potatotalkies]

Thanks 😊

[@boreddesiguy4911]

I don’t think it’s good investment if your rent is not covering your costs which include Mortage+Tax+Condo fee+maintenance and if you are betting on capital gains do you think when you sell the property will you make profit? Meaning will your profit is greater than your interest payment+your selling costs + down payment you made to acquire the property. It’s best to invest in RIETS hands off exposure to real estate and it’s my opinion I might be wrong. But real estate investment is very tricky in rising interest rate environment and already high prices make it even more risky. Anyways happy for you guys all the best.

[@Potatotalkies]

Thanks :) love your name! 😀 I am a maths nerd and will will make a video on why it makes sense to buy a negative cash flow property for capital gains later. And the condo market is rock bottom right now and interest rate we got is 1.29% ;) And I do invest in REITs, they are awesome!

[@boreddesiguy4911]

@@Potatotalkies Thank you 🙏🏻 can’t wait for the next video and I would love to see you start a new channel and talk about finance mainly focused around stock market and real estate. There are very few to none desi’s out there making quality videos about finance and investing.

[@Potatotalkies]

@@boreddesiguy4911 bilkul... planning to do something like that 😀

[@sumit4039]

Agreed.

[@mohit4474]

Can you buy an investment property with less than 20% down? As far as i know you can only put less than 20% down on primary property

[@Potatotalkies]

It’s a house that we will live in for 1.5 years which makes it a primary property :)

[@kreena7777]

@potatotalkies could you please clear our this query, if you will keep your condo after 1.5 year , Instead of seeling and then paying your down for the house then it would be 20% you will be paying for the house as this condo is your primary residence as a first time buyer and not that house??????

[@Potatotalkies]

@@kreena7777 yes... more on this in our next video

[@kr7869]

Hi, But how about property taxes? Considering them out of pocket expense will be pretty close to 1000??

[@Driverforcash]

Congratulations guys once again.

[@Potatotalkies]

Thanks 😊

[@souravmukherjee4987]

Why don't you buy a house in a place where the pricing aren't that much but is growing steadily (like in greater Montreal)..and also from where you will get good money due to huge influx of students, giving you a positive cashflow? Isn't it possible? I mean you don't have to live there, you will be having an asset and if possible get 2-300 buck per month with the management being outsourced.

[@Potatotalkies]

Positive cash flow is not possible in a market like canada unless you are able to put a 20-35% down. And we will be living in this house for about 18 months till our pre con is ready... :)

[@gauravanarkat]

Love your videos, Keep motivating youngsters to invest. All the best for your cafe.

[@Potatotalkies]

👍👍

[@REVIEWSONTHERUN]

Cool! Nice video. Thank you for sharing it. ✌️

[@Potatotalkies]

😀👍

[@harshadsonaje]

Wonderful video. Can you guys tell us what was the park you guys shot the last part of the video? Would love to go there with my family.

[@Potatotalkies]

Victoria park, Kitchener

[@harshadsonaje]

Ohh it looked like a different park. I must not have been to that part then. Thank you for your reply.

[@aseembhartiya8289]

May be consider property price appreciation in calculations is making the decision

[@Potatotalkies]

That’s why we have the 7 factors :) All amounting to appreciation

[@aseembhartiya8289]

@@Potatotalkies I meant at the end when you were calculating, net out of pocket expenses. One thing that we did when we bought a house was independently assign weights toh features that we cared for and then averaged it out. So that both of us did not have influence on each other's thinking. Anyways best fo luck in your hunt. If you guys are ever in Windsor area hit me up 😃

[@nitishkakkar24]

Heartiest congratulations

[@Potatotalkies]

Thanks 😊

[@fatcathouse9789]

How did you guys get know of all these 5 condos? Did you use a realtor or a website?

[@Potatotalkies]

Realtor

[@bhumipatel777]

Hello guys, It’s bhumika here, It was nice quick meeting with both of you. I saw your today’s video and it’s really very informative.I am really glad that my input helped you.

[@Potatotalkies]

Thanks Bhumika... it was great meeting you 🤗

[@dhanashreegadekar2512]

Congratulations guys..

[@AbdulSamiasm]

You need to pay minimum 20 % down payment for your 2nd or investment property.

[@Potatotalkies]

Do watch the next vlog on Wednesday :)

[@im.sahil.modi.Growthhacker]

Love both your perspective :)

[@meaanicanada3078]

You are great 👍

[@honestthief17]

Pretty informative video. Just a few things I would like to highlight from my experience. I always prefer renting out to students due to the fact that the lease is usually at max for 1-2years. I have had bad experience where a townhouse was rented to a family and the family was not ready to move out at the end of contract. Had to go through LTB (Landlord Tenant Board) and in turn lost rental income of about 3 months in this process. So yes, the $$ you make renting out to families is more but the hassel afterwards can be a lot if the renter knows how to fitness the system. Just my two cents.

[@Potatotalkies]

Thank you 👏👏 this is really insightful.

[@marilyndekker1541]

Hi from a fellow Kitchener Ontario individual

[@Potatotalkies]

Hello 😀

[@wildrosecountry2556]

Did condo fee include water,sewer and electricity too or was it just outside maintenance , snow removal,lawn maintenance etc?

[@Potatotalkies]

Yes

[@DeepakGajjar]

Thank you for Great sharing information 👌💐

[@Potatotalkies]

🤗

[@vkchaitanya2003]

Go for 2 bed room, always pays in the long run

[@Potatotalkies]

👏

[@niketshukla3813]

Great video! I would also suggest looking into Waterloo market. Population projections by Ministry of Finance projects Waterloo’s population to grow the most in the coming decade.

[@Potatotalkies]

👍👍

[@crazytandons]

Very informative...👍🙏

[@momgrammer5265]

Also think about what you could charge for rent two years later. Make sure the building you are buying in is not rent controlled. You can't increase rent on remt controlled buildings above the govt prescribed percentage

[@Potatotalkies]

👍👍

[@radio_nowhere]

You'll always be CF negative in GTA/ Canada. After COVID is over, you can instead try buying rental props in US. :)

[@lalitakeswani1257]

Great calculations, as always. Good luck with ur search and I am sure, you will get the best one soon. Tc

[@kiaanfamvlogs-uk3877]

congrats guys.... its so awesome to see life of an Indian family in canada ! and all the work and resources you create for upcoming desi people to canada.... keep it up :-)

[@Potatotalkies]

Thank you 😊

[@yogeshhurdyal7470]

What happened to the house you were going to buy that was not yet built?

[@tomcatmeow69]

anything around LRT is best to buy. I live very close to your last two condos you looked at. I buy older houses and reno them with in walking to downtown or biking, but no further than Frederick st. from Universities. The universities are fairly far from downtown kitchener but LRT solves the problem. Problem is right now many students doing online out of town where ever they live with their parents. Student population is way down in KW and will continue until covid is over if it ever ends. It's good people from Toronto are coming here to buy. I live here most of my 62 years so I notice the golden rule of real estate... anything that happens in Toronto usually happens in Kitchener about 10 years later for housing prices. So look at prices in GTA and that will be prices in KW in about 10 years.

[@Potatotalkies]

Wow, that’s very reassuring - thank you so much. We plan to live in the condo for an year or so before putting it on rent - hopefully, we get rid of the pandemic by then and the rental market is back where it was :)

[@tomcatmeow69]

@@Potatotalkies welcome to kitchener then . just so you know the go train station is just down the way from that corner of the last two condos you looked at just down victoria a km or not even. I reno and live in home for a year and it is my personal residence so tax man can't get profits when I sell it after the year.

[@Potatotalkies]

That is awesome 👏 We will be neighbours ;) will look forward to meeting you when this pandemic settles down!

[@momgrammer5265]

@@tomcatmeow69 so you are evading tax this way on multiple properties and so proud of it? People like you are the reason why families that need housing can't afford it.

[@tomcatmeow69]

@@momgrammer5265 Are you an idiot? It is written into the tax code that you must live in a dwelling for one year otherwise the IRS considers it an investment and you pay taxes on it. I follow the rules of taxation... hey I didn't make them but I'm not going to give my hard earned money to a bunch of political retreads in Ottawa or the Fat guy in Toronto either.

[@TheFaz793]

Hey guys! Thank you so much for this video. Would you be able to share the details of property# 3? I'm also looking for one in or near Kitchener.

[@Potatotalkies]

It’s 1969 Ottawa street ... I think it’s sold now.. the video was shot last weekend

[@pratikmurari8182]

spons was so smooth!

[@Potatotalkies]

👏👏

[@akshayemaithani1541]

Wadiya. Kudos to both of you and your video s are always refreshing

[@momgrammer5265]

2 bedroom is the right choice. You have bigger pool of renters for 2 bed. As ppl can share the rent, they go for 2 beds. And as a buyer you actually pay less per sqft for a 2 bed compared to 1 bed. School is not important for an investment condo. In Kitchener you are looking at students or young couples or professionals whose priority is not school

[@Potatotalkies]

👍👍

[@aroraarora2284]

What you suggest about investment property in Barrie?

[@anildaita]

16:06 Downtown Toronto?? hehe!! I was looking at pre-con in Kitchener sometime back. House 4 is smaller, but good design. You will also pay lesser condo fees. House 5 layout is bad and needs more work, so more expenses!! All the best

[@Potatotalkies]

Thanks.. 😀👏

[@satya6804]

Bhaiya you guys are really cool bcoz you guys share everything & lol others are busy posting videos on Alexa & such more drama

[@ishitasingh5330]

Who

[@manumann9999]

400 k for a 650-700 SQFT condo in Kitchener . That is over 600 CAD per sq feet . For a Condo . In a " down market for condos ". Doesn't anyone else think this is insanity ? How long is this sustainable ?

[@Potatotalkies]

It’s been insane for the last 15 years incl the 2008 housing crisis! It just doesn’t stop 😊 unless govt does something about it - it’s not going to stop given the Strict construction and land transfer laws (vs US) + 1.2MN new immigrants coming in...

[@manumann9999]

@@Potatotalkies You're probably right . I am not aware of the details of land transfer laws in Southern Ontario but looking at this situation from across the border I can't help but be perplexed . The US certainly has areas like these but these areas ( Manhattan , DC or the Bay area for example ) are some the greatest wealth generating regions in the world and high salaries generally justify the housing prices . Low interest rates and high immigration can keep the party going for a while in Canada but the question is for how long . Anyways , congratulations on the purchase.

[@majidazeem670]

Why don't you buy house in other provinces where rates are cheaper ?

[@Potatotalkies]

We want to live in this for 1.5 years till we get possession of our pre con townhouse

[@majidazeem670]

@@Potatotalkies I am sorry I forgot that you want an apartment for living I thought you need it for renting and business only.

[@akshaykalenta]

For how many years you guys will take a loan ??

[@Potatotalkies]

25

[@safisajid2461]

Congratulations guys 🏠👍💐💐

[@Potatotalkies]

Thanks 😊

[@sundarraman6206]

Very informative video guys👍

[@Potatotalkies]

Thanks 😊

[@LearningWithFunbyReetUdhan]

Congratulation guys🎉🎉

[@Potatotalkies]

Thanks 😊

[@preetichatrath5233]

Hey guys...your content is very informative. Please do check Cambridge , ON as well. It is very close to Kitchener as well.

[@Potatotalkies]

Oh we made a video on that... on our last house hunting trip to the tri-city 😀 it’s beautiful

[@mansibatra7248]

Simran you are beautiful . Both of you , this is a better decision. Post pandemic - maybe in couple of years , students would come back . So being in Kitchener/Waterloo will be a great stepping stone as investment .

[@Potatotalkies]

Thank you 😊 That’s the plan 😀

[@sameersondur9030]

It would be really helpful if you guys could make a video on revocable Trusts and Wills in Canada to protect your assets. Bcz, people tend to forget about it and there is a chance that the State would take over your assets in case of mishaps.

[@canadianjatti]

dieing without a will in Canada will trigger next of kin to receive assets. It is fairly simple and straight forward and most people dont need a will as they want everyhting to go to spouse and spouse is first in line as next of kin. FOr joint ownership those do not form part of your estate anyways so if one passes the other person automatically takes full ownership. Wills are for people that don't want things to go to their spouse so they must specificy in will where they want it to go keeping in mind they cant include house in this.

[@sameersondur9030]

@@canadianjatti Thanks for the info!!!

[@sameersondur9030]

@@canadianjatti So, if there is no will or trust and one of the partners dies. Does one have to hire an estate lawyer who takes huge commissions of the assets to transfer the assets to next of kin?

[@canadianjatti]

@@sameersondur9030 depends on the estate. Generally estate that is 100k and above will need to go through probate and then will be divided. Otherwise, no. Next of kin just receives everything HOWEVER I forgot to mention when you set up certain things like a RSP they will ask you for beneficiary. This always over rules the will. For example my rsp is to go to my sister but since I am not married my next of kin are my parents. My RSP will still go to my sister as per my wishes but anything else (like my house) since I dont have a will will go to my parents. If I do not want this I need to get a will.

[@sameersondur9030]

@@canadianjatti thanks for the response. So, if you have assets more than 100k , then is it advisable to have a will or a trust ?

[@pateljayprakash3865]

Very informative video

[@SD-db5mc]

How many years of amortization for the condo?BTW I don't know but I feel condo fees are too high. great video guys😍

[@Potatotalkies]

They are... but you get facilities like most of your utilities are included.. :) Amortization is usually 25 years for downpayment less than 20%

[@rayans036]

If you invest in a second house its considered as an investment and you would have to put in 20%. Not sure if its applicable for you as your first house is not yet delivered. But could you address this question as well?

[@Potatotalkies]

Yup... next video on that 😀

[@bakeandcelebratewithharini332]

I enjoy watching your energy but sometimes I find it silly how much people are obsessed with money and investments. One terminal illness, one little accident, a market crash or anything of that sort, the whole world will go upside down for you. Be ambitious but don’t chase money all the time, you will end up feeling empty at one point. 😀 try to find happiness in simple things in daily life rather as life is unpredictable and you never know if you are going to be alive tomorrow :)

[@Potatotalkies]

Hey, thanks.. Simran here. My mom had a liver transplant in 2015 and the only reason she is alive today is because they invested some money in real estate early in their life which they then sold at a time when they needed money the most. We always think that we should live in the present and not chase money and I agree - however we are living in a very real world that’s run with money - whether we like it or not. The best we can do is earn from something we really love - and that’s what this side hustle is for us :) you don’t have to live on either of the extremes - there is always a balance that you need to maintain when it comes to life and money.

[@canadianjatti]

That is why there are things like INSURANCE. That will kick in when something goes wrong.

[@Potatotalkies]

@@canadianjatti I agree, but sometimes that’s not enough. Transplants can cost up to 1CR. I do wish no one ever goes through that :/

[@bakeandcelebratewithharini332]

@@Potatotalkies I am glad your mom is doing fine :) I always think about this myself. One investment for medical emergencies or when everything goes wrong in life. Also insurance. Other than that, don’t you think you should live your life ? You always aim for big things in life that you are robbed of simple daily pleasures I feel ! It’s always about how to earn more money, how to invest more or how to save more! I felt the obsession is getting more each day with you guys. I have an uncle just like that in my own family and he has crores invested and saved but he lives a normal life just like everyone and I feel sad that all he thinks is about money even after having so much. The problem with man and money is, once you start getting more, it’s becomes an addiction ! You wanna earn more and more and more and it’s never ending. You never get that satisfaction that you have enough. Don’t fall prey for it guys. Life is way too simple. If you complicate it too much, it will eat you up :) stay happy, stay healthy and live each day as your last :)

[@Potatotalkies]

@@bakeandcelebratewithharini332 👍

[@SD-bt4jj]

Sare video ek sath dekh liye Film se jyada apke video Intd lag rahe he👍

[@achalangrish]

Hello kindly make video on whole process where Indian Chartered Accountant wants to move to Canada Via CPA Ontario 1) what is the exemption of Capstone 1 & 2 Exams is all about ? 2) what is the fee regarding (CFE) Common Final Exam ? 3) what is the full cost for the CPA Ontario for Indian CA ? 4) what are the extra expenses is required ? 5) is CPA Ontario will add points for Canadian education ? 6) what is the duration of Visa that Indian CA gets for CPA Ontario ? 7) is he allow to work while studying CPA and before clearing CPA ? 8) how many years of work permit he will get after completing CPA ? 9) how this program or route will help Indian CA to get a Job in Canada ? 10) how this program will help in getting PR ?

[@GaganBattoo]

Hey guys.. we live in Waterloo as well.. We've booked a house with Heathwood too.. :) I like what you guys do on KZbin.. We can certainly meet up sometime..

[@sitharashamsudeen4741]

Great dears..nice to see you this much happier..love u always😘😘😘..and more happy to see your achievements day by day..Masha Allah

[@Potatotalkies]

🤗

[@rekharastogi9068]

amazing from where u get this energy level ?

[@Potatotalkies]

Haha... from our subscribers 😍

[@rekharastogi9068]

@@Potatotalkies pls share the secret

[@swapnagopipalamaner5862]

Nice video. Also very helpful & informative information.😊👍

[@Potatotalkies]

Thank you 😊

[@swapnagopipalamaner5862]

You guys are doing an amazing job & showing us lots of option whether to buy the 2nd property or rent it the advantage & disadvantages.😀👌

[@HarpreetKaur-nt7kn]

Hi guys. Congrats and good luck. God bless you.

[@Potatotalkies]

Thanks 😊

[@ManpreetKaur-rn5tb]

Downtown Kitchener schools are among the worst in the region and even the province. The high school there is always in news for fights that break about among the students. Most of the good schools are either in Waterloo or east Kitchener around Chicopee area.

[@ishitasingh5330]

What about lester b pearson school in waterloo ?

[@ManpreetKaur-rn5tb]

@@ishitasingh5330 It is a decent school, not the best but not too bad. Millen Woods in the same neighborhood is better. Search for Fraser Institute rankings. I believe the top elementary schools in the region are Laurelwood, Abraham Erb and Vista Hills, all in West end of Waterloo; followed by Lackner Woods in East Kitchener and then Millen Woods. Lester B Pearson is not too far behind but below ranking of very good.

[@ishitasingh5330]

@@ManpreetKaur-rn5tb thanks for the details 👍🏼

[@tomcr07]

Hey guys, you are doing great. I have a question for you both, might be a bit personal so upto you guys if you want to answer. You don't talk about having kids in future, as you know thats a very major decision from financial perspective and needs to be factored in before making big future commitments. Any thoughts on that?

[@Potatotalkies]

Absolutely.. you need to save enough to take care of additional expenses.. that’s where the rule of 35 for mortgage and rule of 10 for car ownership comes into play :)

[@hmak2104]

I agree with Navjot's logic about buying a 1bedroom or max a 1+1 given the price to rent ratio. I hope you guys realise, there will be a wave of people now moving to kitchener considering you guys are planning to move there. Kitchener city council will eventually make you ambassadors/official representatives of the city

[@Potatotalkies]

Haha... I wish 😀

[@sirajbhana]

Congratulations 🥳 guys

[@Potatotalkies]

Thanks 😊

[@NehaGupta-os1hb]

Great you guys 🙏 Also I had asked you earlier as well if you can make a video about a couple with a toddler moving to Canada...what are the struggle there...

[@Potatotalkies]

We have made a video on that.. check the ones on schools and childcare

[@soumyaghosh1777]

Guys please suggest how to find a good local realtor in Kitchener area. We are planning to buy a resale house there. Not sure if we can ask a realtor in GTA to visit Kitchener every other weekend

[@Potatotalkies]

Search househunterH on Instagram:) Her name is Heather

[@TejaswiniChandrashekar]

Lots of pyaar 🥰 and wishes!!

[@Potatotalkies]

🤗🤗🤗

[@ishitasingh5330]

How much downpayment you have and will bank approve for another mortgage??

[@Potatotalkies]

This will be our first mortgage... the pre con will be in mortgage in Jan 2023

[@allitm4642]

@@Potatotalkies Have you guys considered the First Time Home Buyers plan where the Government gives free money for Down payment and other perks? I don't know the exact details but Indian lady said she got free down payment $$ etc

[@ishitasingh5330]

@@Potatotalkies thanks for being so transparent always. Good luck 👍🏼

[@Potatotalkies]

@@allitm4642 yeah, your household income needs to be under 120K per year and you can buy a house worth a Max of 480K ... we don’t qualify on point #1

[@allitm4642]

@@Potatotalkies Thanks for clarifying!! Great job 👍

[@satinderkaurdhillon5691]

Congrats Guys 👍👍👍

[@Potatotalkies]

Thanks 😊

[@gidigisatish3076]

Congratulations to both of you. Could you pls clarify my doubt, could you tell me if sx1 visa can be converted into work permit or study permit visa . Pls help me with this info. Ty in advance