How we saved $63,500 for downpayment in 9 months 🤑 and deciding the budget for the house

We bought a house based on long term maths, not speculation. In this video, we discuss:
1. Rule of 35 - and how to decide what you can afford
2. How we saved $63,500 in 9 months
Get in touch with our mortgage broker (Vik)
www.potatotalk...
Important links:
1. Mortgage / Rule of 35 calculator - www.potatotalk...
2. Online Mortgage calculator - www.realtor.ca...
Full series on our home buying experience: • Buying a pre-construct...
Disclaimer: These videos are our personal views and opinion, they should NOT be considered as legal advice. We are not affiliated with any government organization or division. We assume no liability for how the information on this channel is used or interpreted and hence take no responsibility for any decisions that is made with regards to your application based on the information shared on this channel.
Subscribe to our KZbin channel: / potatotalkies
Join our cause: / @potatotalkies
Download your immigration assistant (CANGUIDE): play.google.co...
Download the ultimate playbook to Canada: www.potatotalk...
Follow our life on instagram: / potatotalkies
We don't like immigration agents - the ones' that aren't authorized by ICCRC and qualified to help you with your application in exchange for money - first of all, it's not legal to do that, and second of all, it's so easy that you don't really need paid help! We are a young couple who started their Canadian Immigration journey in 2018 and moved to Canada 3 days before the pandemic hit in March 2020. Over the course of our application, we have seen so many people getting screwed over by greedy / fraudulent and unauthorized immigration consultants who promise you the world in exchange for thousands of dollars and deliver a whole lot of NOTHING; to an extent that in many cases, the applications get rejected, due to their negligence.
Therefore, we are taking matters in our own hands. After months of research and our own experience of applying for a Canadian PR, we came up with an e-book series & this KZbin channel which would include - errors to avoid, perfect sample documents (my own) and alternate ways of immigrating to Canada - 100 pages of absolute goldmine between these 3 e-books - no filters, no premium versions to these ebooks... everything is out there FOR FREE, for you to read and execute the process yourself! All we are doing in these ebooks is sharing our experience of applying for PR ourselves / structuring and pointing you in the right direction via various different resources that are available on IRCC's official website. The KZbin channel will compliment the e-book and add some personality and entertainment to the entire process :-)
Volume 1: Step by step express entry process from know nothing about immigration all the way to getting an invitation to apply (ECA, IELTS etc). Download here - www.potatotalk...
Volume 2: Post ITA express entry process - documentation, samples, POF, Proof of work, medical, biometrics all the way to getting a stamped passport ;-) Download here - www.potatotalk...
Volume 3: Alternate ways of moving to canada | Provincial Nominee program - OINP, AINP, MPNP, NSNP, SINP, RNIP and more. Download here - www.potatotalk...
Save your money, and if you find these e-books useful, do not forget to buy us a coffee when you reach Canada :-)
Do not forget to subscribe to our channel :-)
#canadarealestate #lifeincanada #monthlybudget #potatocouple #immigratetocanada #ultimateplaybook #youtube #ebook #expressentry #potatocouple #movetocanada #lifeincanada #canadavlogs #lifeincanada

[@morzariadeep]

I like how you guys are so transparent when you talk !! Always learn something when I watch your video !!! Thanks :)

[@Potatotalkies]

Thanks Deep 😃

[@DarshanJain1]

+1

[@lageantonyvj1982]

@@Potatotalkies I really love you guys :). You guys are a great help. I am also in Canada. Hope one day I can meet you in person and share my gratitude. Finally congratulation on buying a new home.

[@sonalilmulki]

That is exactly what I like about this channel.. they are transparent and provided detailed useful info!

[@pranathiprakash1995]

Not everyone admits earning from youtube. Appreciate your honesty, transparency and efforts you put to make informative videos and share them with the world. Congratulations and all the best to you both.😊😊

[@Potatotalkies]

Thank you 😃🤗

[@guruasis]

True. Big up for your honesty

[@BillionHobbies]

income from youtube is very subjective. Your hardwork is paying off, for some its always a constant struggle 😊 and yes most people won't admit earning from youtube but youtube is the full-time career of many. 😊 been watching your videos from day 1 as we also got our copr in Jan n you were the most up-to-date channel for us. you guys have been super helpful for us on every step - now that we are in canada, we're still following you for "mashware" that you provide for free 😂

[@vinayakbhat377]

I swear this detailed description and insight is not available in any other Vlog's. You are super market researcher.

[@Potatotalkies]

Thank you 😊

[@anuragvrata3009]

Good stuff guys...one question..when will you have to start paying mortgage and property tax..is it after possession or will it start before that??

[@LetsGoCanada]

Guys, you rock. Clean, simple and logical. Learned a lot from you and continue to do so. Got my ITA, hoping to land in by fall 2021. Will definitely take you both for a coffee! 🤠

[@Potatotalkies]

All the best👍😍

[@MandeepSingh-gk4th]

We are in a bubble for last 10 years ever since I have landed here. Buying house asap is never a bad idea . You will be fine :)

[@Potatotalkies]

😃😃

[@PriyaYadav-kg3rk]

Love the fact that almost all of your calculations are based on Rational logic. The sequence of questions was also very well thought. Kudos for the efforts!! Would wait for more indepth videos :)

[@AN-gs4wc]

I never comment on You Tube. But can’t resist commenting here. You guys are genuine, honest and transparent. Rare to come across such people in today’s time. Really liked you! Well done . Your personalities spread positivity.

[@chintanraichura6241]

Same goes for me..

[@Potatotalkies]

Thank you guys 😃👍

[@mehers2748]

This has been the most practical video I have ever seen. Superb calculation. Love the transparency about the money matters involved.

[@riteshrajeshsingh1607]

Buying property, business or any deal is purely based on maths and your maths is good... that means you have taken right decision... stand by it!

[@riteshrajeshsingh1607]

Moreover, maximum people do not understand that you guys will get yourself approved for mortgage when you will go for a possession which is 2023.. that means right now you only have to think about down payment and try to do just 20% DP before 2023

[@Potatotalkies]

Absolutely 💯

[@nischaytibrewal]

From my finance guy perspective, I absolutely loved this video and I was so happy to see people learning about personal finance and not considering their home an asset!

[@Potatotalkies]

😃👍

[@mohinderbassan]

When I came to Canada, the kind of house/area I was looking for, the average price was 400K. When I bought it 2 years later, it was 600K and today after another 2 years its 800K. I am listening to this rhetoric of a market crash since the last 4 years. Yes it may crash anytime, as no one can predict the future but is going to remain upwards in the long run (if thats the goal when one buys... long term) and its the same example I give that u shared that immigration numbers are up and there aren’t those many houses being built.

[@Potatotalkies]

😃👍

[@sanjeevmathur8603]

Crash doesn’t mean houses will be zero value. A worst fall will depreciate the value but that’s the risk with all other assets as well.

[@moviesandmysteries4538]

ਤੁਹਾਡੇ ਵਰਗਾ ਹੋਰ ਕੋਈ youtube ਤੇ ਚੈਨਲ ਨਹੀਂ ਹੈਗਾ ਜੋ ਇੰਨੇ ਵਿਸਤਾਰ ਨਾਲ ਸਮਝਾਵੇ। ਬਹੁਤ ਹੀ ਜਾਣਕਾਰੀ ਭਰਪੂਰ ਵੀਡੀਓ ਬਣਾਉਂਦੇ ਹੋ ਤੁਸੀਂ ਦੋਵੇਂ। ਚੱਕੀ ਰੱਖੋ ਕੰਮ ਨੂੰ ਇਦਾਂ ਹੀ।

[@YashSharma-pp4rw]

I am a new immigrant who recently shifted to Canada. I have been watching your videos for quite some time. I generally don’t comment on the KZbin platform. But since this video is targeted to “Prospective Immigrants”, I thought it would be better to give the viewers a detailed perspective. There should not be false preconceived notions about immigration to Canada. Also, there is nothing wrong with admitting that you have used your savings for buying a house. I will majorly cover the downpayment cost for the house. The rest of the people have fairly commented on the other aspect such as FD in Indian Bank accounts etc. Let’s do a reverse calculation regarding the expenses and salary required for the upfront downpayment as suggested in the current and earlier videos. (The calculation is done for 9 months as suggested in the video). The viewers can make their guess about the income one should have for the downpayment. 1. Rental Accommodation (Decent basement rental in Toronto ( $1300 - $1600) and Condo rental is $2000. Assuming you guys stayed for 4 months in the basement and 5 months in Condo) - $15200 2. Utility Cost (Assuming $150/month - same as mentioned in the above video) - $1350 3. Mobile Bill Cost (for two people assuming the lowest monthly bill plan of $ 35 + Taxes) - $900 4. Food Expense (You guys mentioned Tiffin service in the past. Assuming $150/person/month for Tiffin service and $200 for miscellaneous food) - $4500 5. Travel Cost ($100/month also includes Gas + Car Insurance Cost) - $900 6. Rental Insurance Cost ($30/month) - $270 7. Winter Clothes (One time expense, for two people) - $1000 8. Furniture Cost (When you shift to Condo) - $1000 Total Cost for 9 months - $ 25120 1. Car (Average cost of a decent car in Toronto - since you guys have a car) - $20000 2. Downpayment (The downpayment you guys made from salary, as stated in the video) - $36000 Total after-tax earnings - $ 81,120 Total Earnings before-tax (assuming 25% income tax) - $108,160 Total Yearly Income (Extrapolated) - $144,213/-

[@mohaargurpreet]

Dont worry about market going down. It wont crash. Maybe a correction but long term it will all balance. Canadian govt and banks are backing up real estate via mortgage bond buying programs and super low interest rate plus record level immigration. So dont worry, doom gloom articles always get more attention. Be positive, you wont regret it in long term .

[@Shok33n]

When u got brains and can work hard🙌 a lot is yet to achieve😊

[@Potatotalkies]

😃👍

[@2405sumit]

We are 6 years in Canada and still learn a lot of new things from you guys, Great Going

[@Potatotalkies]

Wow.. thank you 😊

[@swatim3361]

Its a good decision, because its your primary property..it would have been a bad decision if this was an investment property...So absorb all good comments and don't be discouraged. In the US people can chose to pay the property tax directly and then that is not a part of the mortgage every month... As it is mortgage companies pay the city/county on the last day for all their customers, while they have your property tax money invested ..Check if you have that option in Canada, that way you pay once a year or twice a year and not have pay $500~ extra every month- You can have your money invested for yourself...Just a suggestion.... Great Progress guys...!! I am so excited for you guys!! ❤️❤️

[@naimasiar9286]

Yeah we do have that option in canada to pay your tax two times a year

[@Awais_Sohrab89]

I am a youtuber like you and cover topics surrounding new immigrants, I find 90% of youtubers to be the ones who show a hyped picture of Canada to people in Sub Continent and that what drives the comments, likes and minutes which I think is VERY BAD. But I must add, I really liked the way you explained, no flashy talks, no show off and no fake picture, straight to point. Good work fellows. Thumbs Up.

[@Potatotalkies]

👍👍

[@jasdhillon1189]

So much value! Great content guys!

[@naitya3008]

I also watch your videos

[@Potatotalkies]

Thanks 😃

[@mahams8954]

I reluctantly clicked on the video and i am so glad i did and also watched the whole video. Everything is so well explained so thank you as it will come to be very useful for someone like me who is wanting to learn how to save to buy myself and my parents a house.

[@prabsimransingh6780]

If i had an annual income of $150k, i would have bought a 1 Mn mansion in Gta outskirt.... But the fact is most of the households in Canada never earn that much money..... Everything is possible when you have that salary.....

[@VIVEKSHARMA-xh6cx]

VERY TRUE...

[@Potatotalkies]

I would like to concentrate on the ones' that make a lot more... if they can do it, we can too ;)

[@VIVEKSHARMA-xh6cx]

@@anildaita First understand what he was conveyed. Then think and comment accordingly... hahah people don't understand a simple language 😅 🤣

[@VIVEKSHARMA-xh6cx]

@@anildaita HAHA SO IN THAT CASE I WOULD PREFER YOU TO TAKE MY ENGLISH LEARNING SESSIONS AT FREE OF COST...

[@mk273]

I think if both working they can make 150k

[@jaykulshrestha4412]

I can proudly say..this is the best channel on KZbin along with Travlling Desi..Phenomenal

[@Potatotalkies]

Thank you 🤩

[@tarunnavlani]

Guys congratulations for being courageous to take the risk. Remember best time to buy a house is 10 yrs back and 2nd best is today. Also you can consider the primary house as investment if you are able to rent out your basement (which is not possible if you have townhouse) in semi detached or detached house. The rent from basement offsets your interest part of the house by at least 50-70% depending on mortgage amount and term that you have already spent. Your principal part is the opportunity cost till you own the house. Also consider the future appreciation of the house of atleast 3-4% per annum. Remember that ROI of that 3-4% is actually multiplied by 5 times if you have put 20% down and by 10 if you have put 10% down. For e.g if you put 70k down and value of your house 5 yrs later is 750k then you have earned 100k from appreciation alone and offset 50% of your interest paid by earning rent from basement. Your cost to earn is 70k + 50% of interest and property tax... That like CAGR of approx 20% when you sell the house after 5 yrs. The longer you hold the property better is the return

[@Potatotalkies]

Love it!!! Thanks 😃👍

[@roshaniroy5664]

This is one of the best video I have seen. Thank you for so much information. My best wishes to both of you. Good work.

[@darpanraj335]

Bhaji, trade in Index ETF. It's safest, enter and exit with just 1% ROI. You'll be able to make 5-6% ROI per month.

[@Potatotalkies]

Love index ETFs 👍👍

[@ishitasingh5330]

Please sir can you elaborate

[@prabhanathnair4860]

Honestly highly appreciated the amount of efforts you guys put in to get across this great content.! It's super helpful guys

[@chauhanmeet693]

no need to wait for 3 years to call you a genious.That is a correct decision.

[@Potatotalkies]

Thank you 😃

[@itissrinivasan]

That was so genuine and humble. Way to go, guys !! God Bless !

[@daraspreetwidge7818]

If you put 20% down, your amortisation period will increase to 30 years and your monthly mortgage payment will decrease significantly.

[@tarunnavlani]

You should take 30 year amortization only if you are going for investment property. You should try to close your own mortgage asap

[@Potatotalkies]

Thats a fail safe, in case the interest rate becomes like 4% 🤭😉 Anything is possible 😃 not a big fan of 30 year amortization... the amount of equity you build in the initial years is a lot less.

[@lifeofgmcanada]

Never see such a so calculated couple .... Goodluck guys.with great love😍😘🌹

[@Yubuzka3774]

Both of you working for 15 hours a day is tough but you saved for downpayment in record time. Once you buy I think you should slow down and relax somewhat. Also all this is impossible if you have kids

[@Potatotalkies]

😃👍

[@meghadhawan2000]

Decisions are never Bad. We moved to Canada in Aug and believe me you guys inspire us. Lots of love

[@guruasis]

People who say not to buy till next year don't hav a clue. This year not much Immigration and look at prices; next year immigrants come in hordes, imagine the prices then!. You made right decision to buy NOW, money should always be moving.

[@Potatotalkies]

Thanks 😃

[@simple8695]

Bravo you both sound very positive and i can definitely say that no one can stop yoú from becoming multimillionaire and most successful people in Canada. 💖

[@srijeetbanerjee4043]

Really like the part about the data driven projections on the housing market scenario for the next few years..Not sure, but I am guessing Navjot's experience as Maket research professional might have something to do with it. Anyways, hope things turn out great for both of you. Wish you all the best.

[@Potatotalkies]

Thank you 😃🤗

[@nirajpatel676]

Potato Talkies' ideas are more like Robert Kiyosaki's principles. Truly inspirational.

[@sdar1988]

Great insight on budget planning. However, I don't exactly agree with your facts on Forex and how saving in India at 6% is better than going for a forex transfer. Interest rates are dependent on inflation and the money you make out of an investment in real estate in Canada is going to be much more than FDs/Savings or any risk free investment. There can be a lot of debate on this, I understand - all I want to to say is that, that image of cash down the toilet is at best an exaggeration

[@anilignatious1536]

I agree! Many people don’t realize that INR depreciates much faster than CAD. In 2010 1CAD = 45 INR (approx.) Applying Interest rate of 2.5% compounded annually over 10 yrs in INR it gives 57 INR (approx.) In 2000 1CAD = 30 INR (approx.) Applying Interest rate of 3.3% compounded annually over 20 yrs in INR it gives 57 INR (approx.) So just by converting INR to CAD and holding in CAD from: 2010 you are getting 2.5% interest per yr. 2000 you are getting 3.3% interest per yr. If you add around 2 - 2.5% you could get in by holding CAD in high yield saving account in Canada you are looking at a rate similar to FD in India.

[@Potatotalkies]

Agreed. Putting money anywhere in the world is a zero sum game between currency exchange and interest rates.. 👍 just like the tax advantage on the return of savings/investments in india.. :) Canada is brutal on capital gains and its likely to get worse.

[@nileshgajara7883]

@@anilignatious1536 Correctly corelated Forex Rate and Interest Rate...

[@safiyas.2546]

You’re right, investment in property is still a good idea especially in Kitchener area as it’s growing and more people are moving there from GTA. Property value will increase so you’re good, and even IT jobs are opening up there. Hard work and intelligence always pays and yes you can do it if you’re smart about money. My husband and I did the same so we know where you’re coming from! Although we were initially looking at pre construction we ended up buying a condo in GTA (well within our means) as we didn’t want to pay rent for so long, might as well pay mortgage instead! Lol anyway congrats guys! I’m new to your channel! Happy for you!!

[@navroze92]

I love how you'll analyse and research things before making a big decision and also the fact you'll don't invest based on speculation. I would like to share a small idea that may help you. Since you'll have money that is growing in india I would suggest you'll invest in cryptocurrencies. I would also like to point out that it is quite a risky investment. But if you have an appetite for it please go for it. There will be two major advantages 1. It works as an investment and might be the future for how currencies may work 2. Transferring the currencies from India to Canada might not incur alot of cost. There is still alot to think about but I guess with navjots love for research and simran being on the technical side can setup crypto accounts. Keep doing what you'll are doing and soon you'll are not too far from a million subs. 😀

[@allitm4642]

Great idea Navroze!! Are you a Cryptocurrency Trader?

[@Potatotalkies]

Thanks for the tips 😃

[@CP-tv7ju]

navroze92 can you please elaborate regarding crytpo currency. It would be helpful, thanks in advance

[@navroze92]

@@allitm4642 nope

[@zohaabidi921]

Paaji it's always a treat to watch you both. Please don't listen to anybody, you both are doing a fantabulous job. Keep it up!

[@Potatotalkies]

Thanks 😃

[@dipindersingh2514]

I think you guys are missing a huge expense... child care... I live in the USA and have 2 kids and I and my wife make more than $190k combined and we pay more than $500 per week for 1 child for daycare. Once you start a family there are other unknown expenses as well so I don't think if you make around $150k per year you can not afford $650K house according to my calculations that should be around $450k price range unless you don't want to have kids and also currently you guys only have 1 car I am not sure how is the public transit is in Canada but you cannot survive without 2 cars in the US which adds $500 per month.

[@AdityaPillai009]

It certainly is an expense, but I've found that child care in Canada is actually quite cheap (comparatively). It costs as low as CAD 100 a month per child, if not lower.

[@ashwinraghunath4453]

Child care in canada is wayyyyyy cheaper, there's a discussion on this topic on Ravish vlogs channel.

[@guruasis]

Cant compare canadian healthcare incl childcare with US. Its certainly not as high due to government benefits

[@jancyjana]

For US standards 650K for a house may seem way high. But in Canada its considered average. We dont have high health insurance premiums or out of pocket health care costs. And schooling is free from lower kindergarten so your daycare costs are cut when the child is 4. Our one huge expense is housing, so that's ok.

[@Potatotalkies]

Good discussion 😃

[@TheGrewals]

Very well explained. I don’t think that anyone else can explain any better than this. Congratulations to both of you. Keep up hard work.

[@rishiwasu442]

Navjot is really intelligent & Simran is supercutiee😁

[@Potatotalkies]

Thank you 😊

[@xkarizmaticmex6750]

I am a single girl and planning to get my PR. This was really helpful to me because I do plan to hustle hard and buy a property that is suitable for someone like me. It was very informative and logical. We can see the efforts you guys put in each video and the hard work will pay off! I would definitely like to be your friend when I move to Canada cuz Punjabis are tool cool and you guys are too sweet hahah :D

[@zsvlogs3429]

Very goods info. 35% rule is great thing to understand. Only thing is utilities are around $350 for me as $150 mentioned in video with electricity $ 70, sewer water and waste $210 , and internet$ 70. Very good advice as always. Keep up the good work. Looking forward to more videos. It’s a great help.

[@rkassam1]

Great content and honesty guys!! I moved to Toronto in 2002 and watching you guys reminds me of my journey and figuring this out. I wish you nothing but the very best in your journey, with best wishes for 2021.

[@wakandaiguy]

Love your facts and data driven video. This is the sole compelling reason why I watch your every video. Pls always retain this, as this is your USP! ❤️

[@Potatotalkies]

Thank you 😊 😃

[@Bhardwaj.Raghav]

Many many congratulations on buying a house in such little time. It is indeed a big feat! I simply love the efforts you put into making your videos and that detailed calculations. You're by far the best couple (among other Canadian youtubers) that brings out the real worthy content. Kudos to both you. You guys deserve a raise!!

[@Potatotalkies]

😃🤗

[@miteshpatel5137]

Many many congratulations. Happy for you guys. Keep basement vacant. I would love to join in future 😃😃

[@inderjeetsinghailsinghani7609]

You guys r fantastic! Yes u guys hv taken risk but biggest thing is u know n know it pretty well.. Ur Hard nd smart work is key. Many question a lot but u guys know what it took to reach this stage. Best wishes for all future endeavors.

[@PrashantSinghbikerbones]

Huge respect for you guys! The way you break down things is unparalleled. I am sure this will help many of us who will come to Canada soon. Congratulations for your new home, more power to you!

[@Potatotalkies]

😃🤗

[@rishikeshshewale5458]

You guys are very open, communicative and transparent... Keep it up. .. Really inspiring... Congrats for the new house

[@Potatotalkies]

Thank you 😊

[@BibinAlexander]

Thank you guys for sharing your opinion and really appreciate the honesty here. The research that you bring in every video of yours is just commendable. I have been closely following the last few videos of yours and loved the way how you guys helped us share the information in all possible ways. I am a new immigrant and this series will definitely help me get my investments done to get a new house.

[@Potatotalkies]

😃👍

[@ankitGrover-LTD]

I admire the home work/ research you guys put in into your videos. Keep up the good work.

[@thisispritpal]

Guys! Super fan of yours. Love the financial analysis that you both do. Take risks, you will be rewarded for sure. Rabb Rakha!

[@Potatotalkies]

Thank you 😊

[@manalitaskar2252]

Your videos are so informative..you always tell the truth and never just show rosy things.. I’m approved to be PR and waiting for covid to get in control before I can move to Canada.. your videos are my go to for solving so many doubts.. thanks much.. God bless you!

[@Potatotalkies]

Thanks Manali 😃 All the best 👍

[@narenvaishnavi2659]

I subscribed to your channel because there was an element of naivety and aware of the fact that we all learn and what better... learning together and helping fellow humans! Kudos!

[@Potatotalkies]

Absolutely 💯 Thanks for subscribing 🙏

[@ramyareddy9632]

You guys are doing a great job and being very transparent in sharing everything related to your lives and it's highly appreciated. Good Luck!!

[@Potatotalkies]

👏👏

[@paragkotekar1763]

Definitely, price will grow. What ever happens you will have a shelter over your head for a life time!!! and your mutual understanding is love is UN-beatable. Nothing can bring you down ... hahaha. God bless you guyz..

[@Potatotalkies]

Thank you 😊

[@sorabhsood]

All the best guys, thanks for sharing your personal information.

[@Potatotalkies]

😀👍

[@9999112882]

Bro you have very exact financial expertise, loved the way you explained rule of 35!. Respect from banker this side.🙏🏻

[@Potatotalkies]

Thank you Aman 😃

[@mounicagade3563]

First of all Congratulations on buying a house. Thanks for providing such informative videos .

[@SS-gw1cl]

Really appreciate the honesty and transparency in numbers you guys used. It makes easy to visualize how my numbers will look like. Hoping to make informed decision about my first home down the line. Cheers !!!

[@Potatotalkies]

Thank you 😊

[@Shubham_006]

It's nice to see how humble you guys are even after having so much clarity in your plans.❤️❤️🙏

[@Potatotalkies]

Thank you 😊 👍

[@ZeeMan2.0]

Ghazab ka research hai ... Really really appreciated ...i am 1000% sure ye video kafi help karegi new buyers ko .. Itni achhi video bana rahe hai aap lo with great informations lagta hai rula ke hi manoge 😭❣

[@Potatotalkies]

🤗🤗🤗

[@sunilgrover87]

This video is a life-saver! Gave me all the required information in a single place. Your excel sheet is a very good tool as well. Great job guys!

[@Potatotalkies]

Thanks 😊 🙏

[@iamcp2866]

You both are superb, honest, and transparent KZbinr I have ever seen. I liked the fact that you make decisions based on data/math and not based on speculations and you have made the right decision by buying your dream house (ignore the noise). Unlike other countries' economies, Canada's economy depends on immigration and immigration will fuel the housing market. All the best and congratulations once again. BTW, thanks a ton for sharing the awesome excel tool, it's easy to use and very useful tool. It saved lots of my time, I want to buy coffee for both of you, please let me know how to buy a coffee.

[@Potatotalkies]

Thank you 😃

[@rhythmrana7282]

You guys made a very good decision. If you are buying a house to live there for long term then you don’t need to worry about prices going down or up because afterall we all need our own house👍

[@Potatotalkies]

😃👍

[@MrJassal56]

without a doubt, its the most nerdiest video on your channel. Rule of 35 is superb and it applies in every country. Many congratulations ❤❤🙏✌✌😊

[@raviyadav9387]

I appreciate the way you guys explain everything with factual information! Congratulations for your new 🏠!!

[@ranjitnair911]

Nice one guys.. Positive outlook and the ability to critically think about one's own decision is a rare trait, and you guys have it.. Best wishes

[@jasmeetkaur8745]

Great explanation and I congratulate you guys for your hard work and achievements. Hard work always pays.

[@gunjanchawlapatel2917]

Guys you truly simplify things and present it in an amazing format! Keep up your good work.

[@Potatotalkies]

Thank you

[@avonvaz1958]

Such a good video! The thing I really loved was you kept it real and unlike others who make home buying seem like an investment and achievement you’ll have highlighted clearly the extra costs that come with home buying along with admitting the fact that it is not an investment but instead an expense. People who watch should learn from this and take their time and buy a house only when they r ready rather than buying in haste and then being “house poor”. Thanks for this video.❤️

[@Potatotalkies]

🤗🤗🤗

[@yogyatasoodan738]

Very very informative video...just loved it👍👍👍

[@ersandy4u]

The house of the price is good ;) I did exactly same calculations, almost before buying our first house in November. Congratulations to both of you.

[@Potatotalkies]

😃🤭

[@soniyamenon7245]

Wow...simply courageous of you guys to take such risks. Your efforts are really appreciated and thank you so much for pursuing your passion of making such beautiful videos. You don't really have to give explanation's to anyone about what and how you save, Yet you take the time to explain and be transparent with us all the time. This is really commendable and admirable. Looking forward to many more such beautiful videos from you in the future and thank you for sharing your life and its highs and lows with us. We feel honored. Stay blessed and wishing you both a rocking new year. love and hugs. :)

[@Potatotalkies]

🤗🤗

[@niketshukla3813]

Excellent video. Most other house buying videos beat around the bush but not yours! Also, kudos for explaining the rule of 35 as many of us end up buying too much of a house. Dave Ramsey would be happy seeing this :)

[@Potatotalkies]

Thanks 😃

[@jatinkharbanda01]

You both are the best when it comes to insights and research. Thanks a lot for making this one. Cheers!

[@jayeshvora2968]

I don't generally comment on videos on YT but this was very insightful. Thank you:)

[@Potatotalkies]

Thank you 🤗🤗

[@maxspeed2k]

Congrats on the new home. Although your results are not typical. It sets the stage that the GTA is a walk in the park. Average person might take 4-5 years to buy, depends on income. And some might have elderly parents or kids to take care of which would reduce their income opportunities.

[@Potatotalkies]

Thank you, I completely agree. Every one has different family size and situations

[@sonaiitm]

So methodical. Really like your approach.

[@Potatotalkies]

😀👍

[@deveshaeron4700]

And I must say,,, you guys and your transparency while giving information is marvelous and I love people for their honsety... You guys have no idea how much you have helped me and people like me by your e-books... Love you guys,,, Keep it up,,,,

[@JagdeepSingh-ih8fo]

I know a guy who purchased a house in 2012 for 460 k in Ontario. That time he told me he thought he bought it to expensive and the market may fall down. That house is now close to around 900 k dollars. You are absolutely right anything can happen in the market. The market can go down or up . Nice vlog guys. You made a right decision. When you are investing in for long term it's the right strategy.

[@Potatotalkies]

Thanks 😊

[@ripusingh3802]

This is really good calculation But dont you think if we have 20 percent amount , and use 10 percent on one property and use another 10 percent to but another property. This will lead you to own 2 properties . You can stay in one and rent the other property. You have two years to move in into your property. By that time the value of your second property is going to increase

[@ripusingh3802]

Also the equity is going to increase in the both the properties The monthly payment difference for putting 20 percent down and 10 percent down is not much , but if you buy 2 properties the value is going to increase and equity too plus you will own two properties

[@SadyaHossain]

Wow

[@Potatotalkies]

Agreed... but it's not as easy to be approved for 2 mortgages with limited equity in both. But, love the way you think 👍

[@ripusingh3802]

@@Potatotalkies i know its not easy but since these properties are assignment sale you can always sell them before closing For example you gave 10 percent down which is 65000$. After 2 years property price is going to increase as usual and you might double your investment or even more , you can always sell it without closing

[@ripusingh3802]

And with the profit you can invest again in new

[@sharavatikulkarni7145]

You guys really do the hardwork n then release the vdo.. excellent work nn great going

[@surendrahsbhati]

Really very good decision & Useful information.

[@Mr1985kr]

Excellent video. You are right about calculations

[@AneeshChowdhury]

Your kids will praise you feel lucky for the efforts you have put now.

[@Potatotalkies]

Thanks 😊

[@myasianrecipes9819]

Its really good to hear that if we want to save money to buy our dream house in canada , " We can in just 1 Year " . I get good positive vibes from you guys ...

[@Potatotalkies]

Thank you 😊 Its not about buying under 1 year... its about planning for it even if you are able to save less and get there in 2 years :)

[@myasianrecipes9819]

@@Potatotalkies Exactly ... Saving is much more Imp 😊

[@DearVish0306]

Ohhh my God!! You guys are an inspiration.. Your content is superrr infornative. Keep up the good work.

[@Potatotalkies]

🤗❤

[@sc..vartak7865]

Hi Navjyot and Simran... You are such a humble and down to earth couple.. you explain everything very openly without keeping anything with you.. wish you all the best for your future endeavors..God bless

[@Potatotalkies]

Thank you 🤗

[@tracerbullet1964]

Guys if you go with 10% down, the banks will reduce your interest rates to compensate for the mortgage insurance. You will more or less end up with the same EMI. It might help you free up some cash for investing elsewhere. Makes sense to check. HSBC has super low rates. Also reach out to mortgage brokers. They can get you a loan from tier 2 providers.

[@Potatotalkies]

Thanks 😃👍

[@kajalunadkat]

Super thankful to you guys for being so transparent and for sharing your knowledge

[@Potatotalkies]

Thanks 😊

[@allitm4642]

Congratulations Simran and Navjot; very inspiring!! Thanks for your honesty and sharing your earnings. God Bless You both!!

[@Potatotalkies]

Thanks 😃

[@kirtanvarasia3798]

Many thanks guys. Your video is amazing, helpful and explained in simple terms. The calculator is great! Agree with your calculated approach. As its said for stock market, one can never time the market! With that wish you guys a great 2021!

[@sabarna6862]

Thank you so much for your videos. They are the most informational and helpful amongst most others. God bless !

[@explorewithashima3660]

Great info... Simran your future is always secured due to Navjyot's calculations don't worry. I am sure this will be a good desicion too.

[@Potatotalkies]

😃👍

[@AnantChaudhry]

I have been following u since u landed & started making videos from that basement. I must say u have made an encyclopaedia which is well documented. No other channel required. They way u cover things is in true engineer fashion every thing in detail. ✌️👌

[@Potatotalkies]

Thank you 😃🤗

[@Mrsuraj1993]

Are you a data scientist? I am impressed by your research. Inspiring us to challenge and learn more. Great information.

[@Potatotalkies]

Data analyst and market researcher by profession :)