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Newcomer PR in Canada seeking advice for investments to get started.
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Puzzleheaded-Bad5111 is in Puerto Rico
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Hello everyone

So I was going through the thread and found that it would be the right platform to ask questions as a newcomer in Canada

Iā€™m a 15-year-experienced male (38 years old) civil engineer with a conventional, metro, and high-speed rail background. My current scenario is as follows:

My current 1st job in Canada is as under:-

  • Base : $124k
  • Bonus : 25%
  • RRSP & shares match 6%, CPP.

My scenario is as follows:

  • Savings - $5k
  • Rent - $3k
  • Car lease insurance - $1.2k monthly (bought a new one as I will own that car in two years)
  • Family - Wife and 4-year-old son.

How do I start investing smartly so that I own a home in 3ā€“4 years for around $1.5 million?

Thank you in advance and I look forward to your pieces of advice.

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5 months ago