Reina is the most famous Spanish-speaking YouTuber here in Canada and, well, she earns a lot of money. That's what they
say. How much is one of these houses worth? Did you pay for your house or do you have a mortgage? How do you do that? It
's very important what you're doing. right now give people a realistic
look at how the country is, welcome and scanners to another video we are here in alberta and well
this is such a beautiful place that I would like to live it is a place where they have lakes
very nice things and good how much will it cost to live here you will already recognize a person arrived is
still a queen and well he has the happiness and fortune to live in one of these places we as mexicans
as immigrants as latinos see the pride of being able to come here to work in canada and we want
one of these houses is the dream of a person who comes from an emigrant and you tell me how you did it
to have one of these houses exactly the same thing you are doing right now working the only thing
that gives up the presentations that I have I have more time and how much is one of these houses really worth because you
live here well look at these ones that are on the shores of the lake they are the most recipes so to speak they
cost them on average between one million to 1.5 it was not 1.2 but let's go all these from here because before
I moved I searched for a million to 1.2 purchases some of these from the shores and as you move
away they are already poorer appointments mine is the most scratchy this is the last plague until the end
as well as his that of the mason immigrant is that a middle-class person who comes here and at
34 years old who starts working maybe here a house of this level you could buy
it but I would recommend being a little more established before buying it in case anything happens don't
lose it I'm going to make the majority of your income in your mortgage according to the experts your mortgages to your
income your real estate house should not exceed 20% of your income I would say that up to 25 can be
pushed then to live in one like the one in which and or I live, which we are going to see next, you must earn
between 100 and 150 thousand dollars a year, this is between 8 and 12 thousand dollars a year to live comfortably
, which is a down payment of 30 to 40 percent, that your mortgage is below two thousand
dollars per month there are many people who pay two thousand dollars for rent so if you have
good credit and a good down payment you will pay the same as for days rent but in a dresser
of mine and for one of these on the shore of the lake I would recommend that you already own a business
one ideal minimum two or three and that these are different incomes and combined it is well above
150 thousand dollars per year again with good credit and a good down payment you can comfortably
live in once in canada there are no 35-year mortgages the average is 25 years
I will comfortably grab a mortgage between 10 and 15 years no more than 15 lists like that right now
we are going to go to diego's house and we are going to see what it is really like to live in one of these houses and that
you can really do it as a migrant and that you can do it when you arrive and one of your
goals is to be able to have a house and to be able to enjoy this whole country alcaraz we arrived here at the house
of diego saúl queen here is his house and He gives us a little tour and I'm going to ask him some questions
about living here in this house because even I want one so it's your house we invite
if it can happen to him it happens to him in the ridao she-wolf the first thing I have to warn is he shower
but we decided that we are not going to leave the house impeccable to record because we do not want to give
an image that does not exist with three children a newborn baby a wife who has just given birth it is
unrealistic to have an impeccable house so you are going to see little things around the corners we don't fix
them so that the moms at home don't have an idea that I'm a filth to them look at this house here
online it's for nothing here in rooms of things as they are and we all have family and children
that's how things up to date are not exactly good here they want to say your dining room
this is the main room this is where we sit to watch dragonball here the only fireplace
we have I don't really like fireplaces but already in winter it's there alfredito very
useful so I'm always cooking here I have two stoves this is one and here we eat with
the children and here we have ours with the best here is little food they didn't come to leave it
from my wife's church to a sister from Mexico uy what a delicious min installed chicken and tinga
with toast after a while saving us from xabi or that they didn't ask you every day here we are
seeing the ability of people from Spaniards to diego to be able to have a house like these we have
money and that has been your first case you have bought or certified from house to house sold bought
as there is a production was that this is my first case in fact this took advantage of the credit
called force in bombay which is the first time z that you bought a property mine and my wife's
both of us had never owned a property our name this is the first one I have I had always
rented so this is my first home and how many years have you lived here in this house and we
moved in September from last year, that is, we have approximately six months, very well, so for
all the people who come here to Canada and don't have a house just when they arrive, it is not necessary
because you can really have the opportunity to buy your house later and not necessarily
the first house has to be the last or the last the first but it is always the work and
the effort of course of course look today showing here we make pacts empanadas tamales something that I did not
have in my first apartment in vancouver is the dishwasher it helps me a lot a lot here
this table 120 people because I have these benches, that is, I can seat five people here, seven and
the sauce is missing, this goal is expanded throughout the table like the benches the family of taking the family extends another one
meter because we have had 20 children on my son's medical birthday here
and those are the memories that are created by the trip to heaven give them the property but that
childhood that you are living and the children they are also living it here this is an englishman it is about sunny rhythms
here it is good to concentrate it is so hot right now that it is summer it hits very well
here and it is for example here in alberta and in all of canada we hear that there is a crisis of houses
but at the same time there is an economic crisis the surplus value is going to go down I think that what you
think of your house an investment definitely looks at the biggest problem that canada has
that is controllable is the castes the main disadvantage of canada It's the weather, if I didn't have the
weather it has, it was the perfect country, but you can't control that, we're in the North Pole,
practically the main problem that it has, nothing that isn't controllable, is its
real estate crisis. housing is very expensive at no time in the history of canada the houses
have to be evaluated uniquely no matter how long the social crisis has been the
dollar has been devalued at no time in the history of canada have real estate devalued the dollar canadian
if it has lost value but a property in canada has never happened so when people
hear about the real estate crisis and canada this means that it is very difficult to buy a house
but once you buy it and you are on the side of the lucky ones because this house is going to increase
the minimum price by 5% each year each year and if canada does not do something to solve this
real estate crisis and build millions literally millions of houses that appreciation is going to be greater
you are seeing places like vancouver where the houses double the company me every year is an
increase of 100 percent like vancouver toronto here in alberta we don't have
that crisis of that housing shortage so hard but I do have guaranteed m minimum an increase of 5
percent each year after inflation interest taxes still earned as the owner of my home
so in my opinion it was one of the best investments you can make as an immigrant is to
buy your home in canada in fact any in any country where you live your first step to
financial freedom is to own your home is not to pay rent if now one of the
very important problems that most people have here in canada is to have a house but the price
of houses they have risen quite a bit in the bigger cities like vancouver toronto as he says
here in alberta like in edmonton calgary it doesn't happen as much but a lot of people are coming because it's
impossible to buy you lived in vancouver once did you own a property once from your
house already I'll show you agro it makes me dizzy show it this is called wallström since it's an
extra room the garage is below it so it's on the dan how to stay in an ex room tra y with
refrigerator and roman whatever I want we use it only for the kids now in vancouver
the average apartment in as much is less than this i will use the average apartment i love it it is
the size of two parking spaces in vancouver and its cost per half is 850 thousand
dollars more than what the entire internal house cost me, the four levels, imagine how hard
the crisis is that is why here the people of Vancouver see their condominium they sell it for
three million a condominium of this size and they realize that for a third of that you
can buy a mansion from alberto, that is, their quality of life is multiplied by five just by
crossing the border between british columbia and alberta if they have income from home so
how do we really see the housing crisis not simply it is because there is less but also the
price skyrockets and obviously as he says people want to live better and opt for alberta which
is one of the most prosperous communities here in canada dec And it's not that with the new technique it's a
bad place, it's just that Vancouver is so beautiful that it worked against it all the millionaires
around the world want to live in banks and that's what the houses are already building
for us to give a Canadian family a home but to attract a multimillionaire in the
world they are no longer a real estate but an investment for the world and take it with vancouver and it
takes the same then for you to understand the problem with this is that all of canada is
not simply the same you have to Also look for where one can live and provide the quality
of life of our family because although one can be working if it is not enough it is
impossible and one of the very important questions, well, have you already paid for your house or do you have a mortgage
, how do you ask a good question ? towards these are the units they come with the house it has
a separate entrance it has a bathroom with a shower kitchen all independent it is supposed to be for
you the rent is for an i tenant and they help you pay your mortgage I have it right now with
donations for the glados Ukrainians or like my studio but if the house cost me a total
of 740 thousand dollars I give them a down payment of 400 thousand Canadian dollars I still owe them the bank
it lent 440,000 it was not a normal bank from here in Canada it had to be a private lender
or a private lender because since I own my companies I am self-employed it classifies me as
someone high risk so my interest rate is higher and I they lent the money but now
with a much higher interest because I am extremely high risk so I
am going to pay those 440,000 that I owe them in two years, that is, I have until 2024 to pay them after those two years
my contract ends with a rate fixed interest and we already know that worldwide
interest rates are skyrocketing canada is no exception we see that we have had the worst
inflation in canada's modern history we had not had an i Inflation like this since
the great recession so to avoid that inflation the central bank is going to increase the
interest rate so fortunately I have a fixed-term mortgage so my interest rate
is hooked without being able to move for two years and in those firstly two years what we have just
paid off this portfolio very well and as you can see I also have a mortgage and all the people who
come here to canada to buy we started with a mortgage and we are all normal people now
diego that order to his house is a normal person who has a normal mortgage I work quite
hard to be able to have what they have so also when you can come here you can work so
that you have your house and not necessarily canada is the magic to be able to live well but the efforts
and the knowledge that is very important what you are doing right now to give
people a realistic idea of ​​what the country is like so we share our experiences
to make sure so that people have a realistic idea that it is something that comes to those who are
in edmonton if they would like to talk to a mortgage expert we recommend a friend of ours
here we leave them thank you very much said zhao rana for inviting us to your house and learn a little more
about the reality of the people who live here in canada and not just a famous
person a hard-working person anyone can have their life here but as we have always
told you the work and effort of course I am of course I hope that the people who
are watching us can see that it is no big deal that anyone can be successful in
canada if it is legal and you learn the language and you work hard and you learn to forge
I can testify that I am not higher average in terms of productivity
or intelligence i am a 100 percent average ordinary person i am not special in
any aspect but with those four elements first come l egal later learn the language
learn your trade and found your company in that order and everything can be done in this country very well well
thank you my cannes for being here thank you friends approach if you already know subscribe
to the channel if you don't know it probably you already know him here he is here we are in alberta
and you already know what to do follow us on instagram follow us on facebook also here
subscribe to the channel and well if you want to be here in canada sometime and you don't know how to do it
you know how to contact acb and canada immigration so that they can have their consultation and one day
be able to come here to canada and right now we are going to the hostel to introduce us to some russian cousins