Left Canada Before It Got Worse: Santosh's Financial Planning & Housing Insights
Santosh predicted Canada's housing and healthcare crisis 5 years ago. Now living in India, he shares financial planning for 3 scenarios (equity, underwater, break-even), real monthly expenses (₹1 lakh for family), and why CAD vs INR depreciation argument is flawed.
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Predicted Canada's housing crisis 5 years ago. Financial planning for 3 scenarios: equity, underwater, break-even. Monthly expenses in India ₹1 lakh. CAD vs INR myth debunked.
- How to plan finances when moving from Canada to India
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- Should I keep money in Canada or transfer to India
- What to do if my Canada house is underwater
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NRI Return Specialist with 8+ years helping families relocate successfully
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Left Canada Before It Got Worse: Santosh's Financial Planning & Housing Insights
Santosh predicted Canada's crisis 5 years ago. Now in India, he shares financial planning for different scenarios and debunks the CAD vs INR myth.
Related planning guides: If this question is part of your broader return plan, also review moving back to India from USA guide and moving back to India from Canada guide.
What Santosh Predicted 5 Years Ago
- Housing crash: "45% GDP on housing is complete BS"
- Healthcare crisis: "Last hospital built in 1950, population 20K→180K"
- Immigration unsustainable: Mass immigration without infrastructure
- Trudeau government fall: "This will bring down the government badly"
3 Financial Scenarios for Canadians
Scenario 1: Have Equity
Bought for $1M, now worth $1.4-1.5M, put 20% down, paid some mortgage:
- Have ~$600-700K equity
- Transfer via Remitly—good rates
- Split: 1-2 Cr in FD, rest in stock market/SIP
Scenario 2: Underwater
Bought for $1M, now worth $800K:
- Transaction costs: ~$100K (land transfer tax $32-35K, mortgage break fee $15-50K, real estate fees $50K)
- Options: Wait it out, come up with $100K to close, or hand over keys and leave
- "Sit and pray—if you're broken and can't take more, hand over keys and run"
Scenario 3: Break-Even
Can exit cleanly—decide based on job stability, health, India plans.
CAD vs INR Myth Debunked
Monthly Expenses in India
₹1 Lakh Budget (No Mortgage)
- Car EMI: ₹20K (10 lakh car)
- Groceries: ₹20K (everything included)
- Rent: ₹30K (decent 2-3BHK)
- Remaining: Utilities, health, travel
"Ashirwad atta is same for Ambani as for you—₹400. Grocery cost doesn't change much with income."
Key Advice
- Run your own numbers—don't get influenced by videos
- Use ChatGPT to calculate scenarios
- Have a stable job plan for India
- Don't compare—India and Canada are different
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