Buying a Condo in Kitchener 🏠

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  • Опубликовано: 29 сен 2024
  • #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.
    We will also like to Thank @BMOCanada for sponsoring today’s video #GetMoreWithBMO
    For more information about the BMO Newstart Program, click here: bit.ly/2PnwQi6
    *Offer is subject to terms & conditions.
    Get in touch with our mortgage broker (Vik)
    www.potatotalk...
    Disclaimer: These videos are our personal views and opinions, 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 are made with regards to your application based on the information shared on this channel.
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Комментарии • 448

  • @satya6804
    @satya6804 3 года назад +20

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

  • @kr7869
    @kr7869 2 года назад

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

  • @kaala-paani
    @kaala-paani 3 года назад

    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
      @Potatotalkies  3 года назад

      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

  • @dipenbanker8582
    @dipenbanker8582 3 года назад

    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
      @Potatotalkies  3 года назад +1

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

  • @momgrammer5265
    @momgrammer5265 3 года назад

    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

  • @aamedolic
    @aamedolic 3 года назад

    Whats your monthly amount and for how many years!!

    • @Potatotalkies
      @Potatotalkies  3 года назад +1

      We have that in this video ... and for 25 years

    • @aamedolic
      @aamedolic 3 года назад

      @@Potatotalkies got it. Thanks

  • @kiaanfamvlogs-uk3877
    @kiaanfamvlogs-uk3877 3 года назад

    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 :-)

  • @sirajbhana
    @sirajbhana 3 года назад

    Congratulations 🥳 guys

  • @vaibhavigajjar3391
    @vaibhavigajjar3391 3 года назад +25

    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
      @Potatotalkies  3 года назад +3

      Thank you 🤗🤗🤗

    • @bithikasinha_Musician
      @bithikasinha_Musician 3 года назад +1

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

    • @nishushaikh1209
      @nishushaikh1209 3 года назад +1

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

    • @FateFaith
      @FateFaith 3 года назад

      Agree

  • @manasshekar
    @manasshekar 3 года назад +3

    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
      @Potatotalkies  3 года назад

      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
      @manasshekar 3 года назад

      @@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
      @Potatotalkies  3 года назад

      Do watch the next 2 videos ;)

    • @manasshekar
      @manasshekar 3 года назад

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

  • @sachintrivedi7899
    @sachintrivedi7899 3 года назад +9

    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 !

  • @armeenbudhwani2008
    @armeenbudhwani2008 3 года назад +5

    I get motivated watching you guys. Thanks for sharing 👍

  • @Pradeep.Singh.d
    @Pradeep.Singh.d 2 года назад +1

    Best couple on RUclips, good luck and congratulations.

  • @sanskritighai5871
    @sanskritighai5871 3 года назад +4

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

  • @raghavagarwal4653
    @raghavagarwal4653 3 года назад +3

    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
      @deepikajoshi9804 3 года назад +1

      The same i am thinking😉

    • @Potatotalkies
      @Potatotalkies  3 года назад +2

      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
      @kirpaappar7510 3 года назад

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

    • @raghavagarwal4653
      @raghavagarwal4653 3 года назад

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

    • @raghavagarwal4653
      @raghavagarwal4653 3 года назад

      @@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?

  • @sauravsavy
    @sauravsavy 3 года назад +2

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

  • @GenKnowledgeKing
    @GenKnowledgeKing 3 года назад +2

    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

  • @bhanujamitra2697
    @bhanujamitra2697 3 года назад +2

    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 :)

  • @sybelfernandes297
    @sybelfernandes297 3 года назад

    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 ❤️

  • @ashwinibajpai8278
    @ashwinibajpai8278 2 года назад

    Hi guys….
    Wanted some info about how to find students occomodation from India … my daughter wud hv to come there this month end
    She has taken admission in Conestoga college Cambridge campus…
    So she will need it nearby her college

  • @radio_nowhere
    @radio_nowhere 3 года назад

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

  • @shinkysethi0396
    @shinkysethi0396 3 года назад

    Hii, can u plz rank this courses according to its scope in Canada - Masters in journalism and mass media,
    Masters in Human resource management, Masters in Healthcare Management, Masters in computer science, Hotel and Hospitality Management! Plz reply mst!

  • @tsk12171
    @tsk12171 3 года назад +11

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

  • @morzariadeep
    @morzariadeep 3 года назад +2

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

  • @sumanthvarma3739
    @sumanthvarma3739 3 года назад +1

    Hi friends I got admission in university of Canada west for masters . Pls tell me part time opportunities in Vancouver. Pls reply any of you 🙏🏿. For sept 2021 intake👍

  • @allitm4642
    @allitm4642 3 года назад +2

    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
      @Potatotalkies  3 года назад +1

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

    • @allitm4642
      @allitm4642 3 года назад

      @@Potatotalkies Awesome!! Congratulations!!

  • @bakeandcelebratewithharini332
    @bakeandcelebratewithharini332 3 года назад +1

    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
      @Potatotalkies  3 года назад +2

      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
      @canadianjatti 3 года назад

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

    • @Potatotalkies
      @Potatotalkies  3 года назад

      @@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
      @bakeandcelebratewithharini332 3 года назад

      @@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
      @Potatotalkies  3 года назад

      @@bakeandcelebratewithharini332 👍

  • @mathews4265
    @mathews4265 3 года назад +2

    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
      @Potatotalkies  3 года назад +1

      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.

  • @dhruvgoyal2490
    @dhruvgoyal2490 3 года назад +1

    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.

  • @shiningstar9403
    @shiningstar9403 3 года назад +1

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

  • @mohit4474
    @mohit4474 3 года назад +2

    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
      @Potatotalkies  3 года назад +2

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

    • @kreena7777
      @kreena7777 3 года назад

      @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
      @Potatotalkies  3 года назад

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

  • @souravmukherjee4987
    @souravmukherjee4987 3 года назад +1

    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
      @Potatotalkies  3 года назад +1

      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... :)

  • @rajnaik4192
    @rajnaik4192 3 года назад +1

    Why rent when u can own. If inerest 1.60% Fixed and property tax is less than your monthly outgoing, buying is a wise decission. By renting you are making somebody else rich. Apna baniya thinking.

  • @AslamKhan-xt1vg
    @AslamKhan-xt1vg 3 года назад +1

    I thought, I saw you guys moved in twice already into a new place 😏.

  • @ishmeetbajwa3131
    @ishmeetbajwa3131 3 года назад

    Hello both f u , my crs is 365 n working as a dentist but I applied in pnp as a dental hygienist.. what are the chances of getting into pnp . And what else could be done . Please guide.

  • @soumyaghosh1777
    @soumyaghosh1777 3 года назад

    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
      @Potatotalkies  3 года назад

      Search househunterH on Instagram:)
      Her name is Heather

  • @SD-db5mc
    @SD-db5mc 3 года назад +1

    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
      @Potatotalkies  3 года назад

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

  • @yogeshhurdyal7470
    @yogeshhurdyal7470 3 года назад

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

  • @akshaykalenta
    @akshaykalenta 3 года назад +1

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

  • @wildrosecountry2556
    @wildrosecountry2556 3 года назад +1

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

  • @SaurabhKaisare
    @SaurabhKaisare 3 года назад +1

    First one to watch the video.... Yayyyy

  • @majidazeem670
    @majidazeem670 3 года назад +2

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

    • @Potatotalkies
      @Potatotalkies  3 года назад

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

    • @majidazeem670
      @majidazeem670 3 года назад

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

  • @satya6804
    @satya6804 3 года назад +1

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

  • @SD-bt4jj
    @SD-bt4jj 3 года назад

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

  • @manumann9999
    @manumann9999 3 года назад

    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
      @Potatotalkies  3 года назад

      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
      @manumann9999 3 года назад

      @@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.

  • @mastidoubledelights6953
    @mastidoubledelights6953 3 года назад +1

    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
      @Potatotalkies  3 года назад

      Thanks :)

    • @Potatotalkies
      @Potatotalkies  3 года назад +1

      @@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 :)

  • @fatcathouse9789
    @fatcathouse9789 3 года назад

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

  • @trendpunjab6190
    @trendpunjab6190 3 года назад

    Buying 2nd property u have to put down 20 percent not 5 percent check ur facts

    • @Potatotalkies
      @Potatotalkies  3 года назад +1

      Sure.. :) i won’t do all these calculations if I didn’t know the facts! Will explain in our next video!

  • @achalangrish
    @achalangrish 3 года назад

    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 ?

  • @AbdulSamiasm
    @AbdulSamiasm 3 года назад +1

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

    • @Potatotalkies
      @Potatotalkies  3 года назад

      Do watch the next vlog on Wednesday :)

  • @harshadsonaje
    @harshadsonaje 3 года назад

    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
      @Potatotalkies  3 года назад +1

      Victoria park, Kitchener

    • @harshadsonaje
      @harshadsonaje 3 года назад

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

  • @rupindersingh8241
    @rupindersingh8241 3 года назад +1

    Simran looking very beautiful...😊

  • @nispradhan4105
    @nispradhan4105 3 года назад

    hello sir , m from dubai, i am ur regular fan.i completed my Bsc IT from sikkim manipal university ,distance education in 2014 AD...i am trying to do eca .but i checked in all institution but not accessing ..even i cant found more video in youtube about distance education for eca. Help me sir ji. i am already in stress . coz of my degree :( m stuck for my express entry ,pnp. help me out ?

  • @namratasharma1537
    @namratasharma1537 3 года назад

    In all honesty, house 4 is gorgeous. Lekin size ka thoda panga hai. I also agree with Navjot about the future renting of the house if it is one bath one bedroom. Personally speaking i would go for house 4. Because in future it will attract more immigrants. Airbnb will also go 100% occupied considering the heavy flow of immigrants arriving in the next few years. So the house will probably pay for itself coz it is really attractive and cozy. For a couple it is the perfect place to live. House 5 gives me creeps. Thoda vintage and spooky laga. Also simran is right. Family aegi to problem hogi. But manage karo to ho jaega. Afterall you are will be owners of a beautiful home in the coming future. Tab bula lena for a longer stay. All in all really happy for you guys. Lots of love and good luck.
    Namrata sharma

  • @boreddesiguy4911
    @boreddesiguy4911 3 года назад +1

    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
      @Potatotalkies  3 года назад +2

      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
      @boreddesiguy4911 3 года назад

      @@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
      @Potatotalkies  3 года назад +1

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

    • @sumit4039
      @sumit4039 3 года назад

      Agreed.

  • @munishkuvadia2080
    @munishkuvadia2080 3 года назад

    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.

  • @Nadiaandherchildren
    @Nadiaandherchildren 3 года назад +1

    3rd condo was the best in my eyes

  • @muhammadali1367
    @muhammadali1367 3 года назад +1

    Always Loved your videos Keep the good work ❤️❤️

  • @ishitasingh5330
    @ishitasingh5330 3 года назад +2

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

    • @Potatotalkies
      @Potatotalkies  3 года назад +1

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

    • @allitm4642
      @allitm4642 3 года назад

      @@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
      @ishitasingh5330 3 года назад

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

    • @Potatotalkies
      @Potatotalkies  3 года назад +1

      @@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
      @allitm4642 3 года назад

      @@Potatotalkies Thanks for clarifying!! Great job 👍

  • @gidigisatish3076
    @gidigisatish3076 3 года назад

    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

  • @nabil0414
    @nabil0414 3 года назад

    My ECA assessment says "
    Undergraduate certificate (one year) and bachelor's degree (four years)"
    Is it eligible for "Two or more certificates, diplomas, or degrees"?

  • @sandeepshresthasir
    @sandeepshresthasir Год назад

    she sounds like bidya balan!!

  • @vkchaitanya2003
    @vkchaitanya2003 3 года назад +1

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

  • @tanvirahmedsunny930
    @tanvirahmedsunny930 3 года назад

    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?

  • @ManpreetKaur-rn5tb
    @ManpreetKaur-rn5tb 3 года назад

    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
      @ishitasingh5330 3 года назад

      What about lester b pearson school in waterloo ?

    • @ManpreetKaur-rn5tb
      @ManpreetKaur-rn5tb 3 года назад

      @@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
      @ishitasingh5330 3 года назад

      @@ManpreetKaur-rn5tb thanks for the details 👍🏼

  • @GaganBattoo
    @GaganBattoo 3 года назад

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

  • @Ghumtaram
    @Ghumtaram 3 года назад

    Informative and detailed 👍🏻🙏🏻

  • @zuzurorec946
    @zuzurorec946 3 года назад

    Hi...can you please tell me whether studying one year certificate program in Alberta increases my chance of being selected in Alberta pnp program or not???

  • @zuzurorec946
    @zuzurorec946 3 года назад

    Hi...can you please tell me whether studying one year certificate program in Alberta increases my chance of being selected in Alberta pnp program or not???

  • @zuzurorec946
    @zuzurorec946 3 года назад

    Hi...can you please tell me whether studying one year certificate program in Alberta increases my chance of being selected in Alberta pnp program or not???

  • @zuzurorec946
    @zuzurorec946 3 года назад

    Hi...can you please tell me whether studying one year certificate program in Alberta increases my chance of being selected in Alberta pnp program or not???

  • @zuzurorec946
    @zuzurorec946 3 года назад

    Hi...can you please tell me whether studying one year certificate program in Alberta increases my chance of being selected in Alberta pnp program or not???

  • @zuzurorec946
    @zuzurorec946 3 года назад

    Hi...can you please tell me whether studying one year certificate program in Alberta increases my chance of being selected in Alberta pnp program or not???

  • @balramchaudhary7413
    @balramchaudhary7413 Год назад

    Bhai aap apna appartment rent karoge

  • @dantso3665
    @dantso3665 3 года назад

    Kitchener! The new Meth Capital of Ontario! Hamilton RIP.

    • @Potatotalkies
      @Potatotalkies  3 года назад

      BecAuse we are meth heads?

    • @dantso3665
      @dantso3665 3 года назад

      @@Potatotalkies No. It's the general area. Lived there before...Security cameras deter the B&E idiots.

  • @himanshuarora5119
    @himanshuarora5119 3 года назад

    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.👏

  • @freshoutofboat4287
    @freshoutofboat4287 3 года назад

    Can you recommend a good Realtor in Tri City area ?

    • @Potatotalkies
      @Potatotalkies  3 года назад

      Search for househunterH
      Her name is Heather

  • @aseembhartiya8289
    @aseembhartiya8289 3 года назад

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

    • @Potatotalkies
      @Potatotalkies  3 года назад

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

    • @aseembhartiya8289
      @aseembhartiya8289 3 года назад

      @@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 😃

  • @minisharma5896
    @minisharma5896 3 года назад

    hi, i live in kitchener, everthing is going on vry high price, its not right tym for buying now i guess, but anyways gud luck

  • @dhanashreegadekar2512
    @dhanashreegadekar2512 3 года назад +1

    Congratulations guys..

  • @rishpatel2545
    @rishpatel2545 3 года назад

    Go for 4/5 th house....

  • @lalitakeswani1257
    @lalitakeswani1257 3 года назад

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

  • @milapsirodariya5153
    @milapsirodariya5153 3 года назад +1

    Congratulations both of you God bless you

  • @shalinidubey3875
    @shalinidubey3875 3 года назад

    Most of the time I see myself agreeing with Simran, but I ABSOLUTELY hate Navjot's logic and research skills .... Because he manages to convince me EVERY SINGLE TIME (exhausting)... Simran is like a Pokémon to me - always there and forever cute and Navjot is like the Voice of Reason ... I could trust you guys with my life 👍(p.s. when I introspect on what you guys have achieved in just 1 year, tumko Roadies Ka grand salute) ❤️

  • @prachisidharthincanada1394
    @prachisidharthincanada1394 3 года назад +2

    Congratulations guys!

  • @meaanicanada3078
    @meaanicanada3078 3 года назад

    You are great 👍

  • @mdsafayetislam531
    @mdsafayetislam531 3 года назад

    Dear Navjot & Simran, I think for your investment property (2nd home), you need to put 20% down. I might be wrong. Please talk to your mortgage agents.

    • @Potatotalkies
      @Potatotalkies  3 года назад +1

      Will discuss this in the next video :)

  • @vivekranga9290
    @vivekranga9290 3 года назад

    Wo Moon hai 😁😁👌👌

  • @talhazafar674
    @talhazafar674 3 года назад

    Offcourse you people are expert. but i believe you should choose 2 bedroom . As you said couples and students prefer bedroom .but look from a student prospective. if the house is 2 bedroom , 4 friends will take the house on rent and divide it among them (which as a student is much preferable). if the rent is 1800 for 1 single bedroom. even 2 friends cant afford it.
    on the other hand, working professionals can also look for 2 bedroom even if they r just couple (no kid) mainly due to working from home. They most of the time will prefer to keep 1 bedroom as their office and other as bedroom .
    and simran other points are also valid. :P

  • @urwaali8333
    @urwaali8333 3 года назад

    Zabardast bro & sis

  • @honestthief17
    @honestthief17 2 года назад

    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
      @Potatotalkies  2 года назад +1

      Thank you 👏👏 this is really insightful.

  • @tomcr07
    @tomcr07 3 года назад

    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
      @Potatotalkies  3 года назад +1

      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 :)

  • @saumyamishra9915
    @saumyamishra9915 3 года назад

    Hi Navjot and Simran, I am in the process of applying through the express entry program. The confusion is regarding my profession, after Civil Engineering I worked as an engineer for 4 years, then I did MBA (2018-20), worked as Area Sales Manager Trainee for 8 months (March 2020 to Dec 2020), and now I switched to consulting (since January 2021). What will be my NOC Code? Please Help!

    • @Potatotalkies
      @Potatotalkies  3 года назад

      You need min 1 year continuos exp in the last 10 years to make it your primary NOC... by that logic. The first one

  • @momgrammer5265
    @momgrammer5265 3 года назад

    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

  • @mansibatra7248
    @mansibatra7248 3 года назад

    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
      @Potatotalkies  3 года назад

      Thank you 😊
      That’s the plan 😀

  • @rekharastogi9068
    @rekharastogi9068 3 года назад +1

    amazing from where u get this energy level ?

  • @preetichatrath5233
    @preetichatrath5233 3 года назад

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

    • @Potatotalkies
      @Potatotalkies  3 года назад

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

  • @shawn7258
    @shawn7258 3 года назад +1

    MashaAllah 👍🏻

  • @Naturelover-lp7yn
    @Naturelover-lp7yn 3 года назад

    #3 is ok but abhi aur research karro
    Wish you all the best for your future goals 👍

  • @sonalichhabra2057
    @sonalichhabra2057 3 года назад

    What is 1+1bedroom in canada. Please explane

    • @Potatotalkies
      @Potatotalkies  3 года назад +1

      1 bedroom and 1 den... it’s like a small room

    • @sonalichhabra2057
      @sonalichhabra2057 3 года назад

      @@Potatotalkies thankyou so much for reply