Why No One Wants to Live in Canada
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- Опубліковано 4 чер 2024
- Canada boasts the 9th largest economy, pristine environmental standards, a robust legal framework, universal healthcare, world class education, and numerous other amenities. Despite all of this, Canada's happiness index has plummeted to its lowest point in almost a decade.
In this documentary, we delve into the root causes of this decline: the affordability crisis. From the housing crisis and declining economic productivity to the impacts of carbon pricing and rising food expenses, we unpack the many challenges confronting everyday Canadians.
00:00 - Intro
01:01 - Chapter 1: Housing and Rental Crisis
07:20 - Chapter 2: Food and Gas Prices
10:50 - Chapter 3: Declining Economic Productivity
13:00 - Conclusion
For Inquiries: 2and20official@gmail.com
Please don't forget to like, comment, and subscribe so I can pay for my 300ft $3600 a month apartment in Vancouver!
Stupid people pay a price.
ahahahahahah ! ! ! Waste of money ....
Hyperbole
Time to get a roommate. ❤
Living in Vancouver is your first mistake...
You elected him 3 times... Are you guys serious? You elected a drama teacher, yet didn't expect drama! Oh Canada!
Ya it’s a mistake for sure. He’s super unqualified!
If you liked the video please subscribe as it helps our tiny channel :)
Can't argue with facts
The druggies, bums, perverts and criminals elected him 3 times.
It’s strange how popular he is with certain demographics still. Doesn’t hurt to be a trust fund baby with good looks
@@2and20 I don't see why women even consider him to be good looking. He's skinny with a big nose. Every guy I know who fits that description has trouble getting women.
By the way, it looks like UA-cam has been censoring my comments about the types of people who vote for Trudeau.
American here. Thank you for making me feel better. I mean, the housing crisis is horrible here, but Canada is a bloodbath.
we'll be there within 5 years
It's not.
@@MA-me9hcit literally is
He used examples of a city that has land shortages because it’s pinned between the ocean and mountains
Such a large country Canada. I have been there. MASSIVE lands... and a housing problem? :D LOL
I’m a ticketed plumber in Canada who makes over 100k a year and I can’t buy a home. Working hard doesn’t mean anything anymore…
Canadians keep complaining that they have a housing crisis.. Let me ask you, where in the world is there no housing crisis?! USA has it, South America has it, Europe, Asia and Oceania has it. You want to live in easy mode? it does not exist.
@@johnnyairplane2896 Houses in the suburbs start at 1M + Other parts of the world are not experiencing this. No one is asking for “easy mode”
U will be replaced by cheap Indian plumbers….soon
Sounds like your life is going down the drain......
Just graduated plumbing school here in the USA almost journeyd out. Made 75k but can't afford a house...its crazy everywhere 😂
i remember when Canada used to be the most respected place in north America
So now it is ..... Mexico?
Now it’s Greenland
it was never the most respected place in north America lmao
@@sundevil1234yeah like... when? Only time I've ever heard that take was certain times of the healthcare universal era.
Make Canada Great Again!!
Just as a minor correction, 7% of Canadians don't leave: but 0.7% do.
Yo that is not minor. That is enough of a goof to issue a correction for this thing
that is a major correction, to be honest haha
yea when i heard that statistic smth was off.. thats a huge correction the difference between 2.1 million people and 210 thousand people..
Only the migrants are leaving lol. Good
You said at 12:38 that 7% of Canadians are leaving to the US each year, but the source you quoted clearly says ".7", i.e. 0.7%. If it was 7%, the population would be falling off a cliff. It's 1/10th as many people as you say.
This video is full of BS. My favorite part is "most people are perfectly fine with renting a home" yeah right. This guy is eiter an AI or mever had to rent a house. Every renter I know only rents because the other option is homelessnes
Yeah but it’s still a high number.Here in Vietnam,a shitty 3rd world country we only have like 0.3% and that’s high already🤷♀️
@@Bismarine5712 So exactly as he said it? His point was that people are "fine" because they can't afford to buy.
@@Bismarine5712I wouldn’t say full of bs lol
Over 240,000 (0.7%) people per year leaving is absolutely devastating for a first-world nation, especially when it's the kind of people who have the means and opportunity to leave.
However, 7% means that your country is literally in its death throes and everyone is fleeing.
You know, the mindset, that troubles in Canada only started with Trudeau is one of the key problems of Canada.
It most certainly didn’t, however he’s been fuelling the flames for the last few years. The amount of immigration drives up the demand for basic living expenses, every year he cranks up the carbon tax more, sends billions to Ukraine, announces billions in new funding programs. He’s definitely making it worse for us when he doesn’t need to be.
They aren't applying logic and reasoning to the situation. It would take a trivial amount of research to figure out that the trend of rising cost of living started long before Trudeau. Left and right wing administrations alike have contributed to this mess.
These people don't really give a fuck, though. They're just cheering for their team.
Immigration is the problem
@@bradyh4464 This is a great and reasonable view point.
I've lived in Canada, Metro Vancouver area, back in 2017...it was already a bloodbath, now I see it's even worse.
I ran away and returned to Italy after 8 months, after I discovered I had to skip meals in order to survive, something I've never experienced here in my country as a former low income citizen. Never had a single regret.
I moved there from berlin at the same time as you and worked around east hastings street and it was hell on earth. Leaving that city was one of the best days of my life.
metro now is just a place for free drugs. totally ruined.
The cost of a permit in Canada costs as much as a brand new completed home in Florida, brand new... The bureaucracy has fallen in love with itself.
The average Canadian thinks its great. They want the government to get bigger and bigger, until we all work for the government.
It is sad to see how hard it is to get things done in Canada whether that’s housing or new business. It never shocks me when my friends tell me they are moving to the States. The cost of living is lower and salaries are much more competitive.
Appreciate the comment if you enjoyed the video please like and subscribe, it goes a long way for our small channel!
but only cost you under $50k get to Canada lol
Exactly the point
Ya sure, try buying a house in Florida for 10k. I don't think so.
I just read an article from Bloomberg stating that some Ukrainian immigrants have actually left 🇨🇦 Canada to go back to 🇺🇦 Ukraine last year (2023) simply because it was cheaper to live in Ukraine, a country actively still at war, than in Canada.
Because home is home
Canada can’t give them that feeling to feel like they’re home
I’m in Canada since 2014 and I regret every day coming here
My goal is to save money and get out of this sinking ship
Well it may be cheaper, but they might have a little more chances of getting shelled while they're having dinner with their family.
ouch
Wher@@alpha_vancity where are you from?I always wanted to live there..Will visit Toronto in August.
Some also love it here, just spoke with one last week at a vball drop-in (AB).
As a young Canadian, it is beyond frustrating to live in Canada and I have no hope for living here in the future.
Come to goa and bring all your friends if possible
i feel hopeless. as a kid, i always dreamed of having a family and a house. now, im stuck living with my parents trying to save every dollar. My gf and I are thinking about moving to the states but it just sucks because I use to love canada so much
Clearly Canada doesn't love you. When the state of Hawaii, a darn Island is cheaper than most major Canadian cities, yeah I'm moving when I can.
The housing crisis in us is also bad but it looks like Canada's housing crisis is worse.
It's better but not by much and we are heading further this way
@@earthling_parth the difference is the US has more places to move to. Canada has like 6 cities worth living in (job wise)
get a job in tech/marketing/data etc
The huge problem is Canada is the lack of competition. You can open a shitty restaurant chain like cactus club in vancouver, or a shitty coffee chain like blenz and still be a multi million dollar corparation. Yet you pay insane prices to go to these places. For instance in major cities like Istanbul, London, new york etc yes, you pay crazy prices but you are also eating at the best of the best in the world. The level of mediocrity is insane in Canada that charge insane prices.
This really is 100% because of government regulations/taxes/red tape. Big businesses love these as they can absorb these costs while smaller competators cannot, and it creates a huge barrier to entry for potential new competators. Many critics have voiced breaking up companies that have these huge market shares, but it would only be putting a band-aid on a gaping wound. Canada must cut taxes, re-regulate, and slash spending.
Blenz hot chocolate is goated. I live in Florida now but I still miss it.
@@drzerogi Big businesses rule, that isn't something confined to Canada.
Canada already has an incredibly low corporate tax rate, effectively 15% vs the US 21%. How much lower do you want it to go?
As for regulations, which ones need to go? Do tell...
@@ahhmm5381 No, big businesses do not rule, the government rules. Government that pass laws benifiting big business do so for their own benefit. If the government - or particular politicans and administrators in governemnt - didn't personally gain from these kinds of laws and regulations, they would not pass them. The government wields the hammer, not big businesses.
I find it odd that you meantion corporate taxes, but to be fair, my comment was focused on the commerse side of things. Although I'm not against cutting corporate taxes, that isn't what I would suggest to address this issue at all.
As for taxes, I would cut property taxes. Canada has one of the most highest property taxes in the world and it's on the rise. I'd cut income taxes too. (Yes, these taxes effect the business sector too, as it is difficult for people to start new businesses when their income is bogged-down by high taxes) As for red-tape and regulation, that varies across industires and markets and provinces. But for starters, the cost of business licences should be cut. Also, all rent control laws should be abolished. Rent control disincentivises potential enterpreneurs from constructing new housing, not only causing stortages, but it actually makes it more difficult for affordable housing to be available. In addition, the approval process to build in Canada is way too long, often taking years to complete: this also discourages businesses from building, especially when prices for building materials isn't stable (which is the case today). This is part of the red tape that needs to be slashed.
There is much more that needs to be done, but I'm not writing an essay for you.
@@drzerogi How does lowering the corporate tax rate benefit the government? Or allowing the Rogers-Shaw merger?
High property taxes seems more a symptom of high property values as opposed to the actual tax rate. Sure, you could lower the tax rate, but this doesn't solve the bigger issue of ludicrous property valuations, which totally bars young people from owning any property.
As for business licenses, aren't these usually 200 - 800$/yr? Is this really that backbreaking?
Removing rent control will solve nothing. It is already gone for new buildings in Ontario you know. No developer profits from a glut in housing, only the consumer. It is the government that needs to build affordable housing, as was done in the post-war period
I do agree the approval process is kinda nuts in some municipalities. Cities also have horrible single family zoning rules that needs to change.
it is a nightmare. canadian here...left the country. No regrets
Where are you now?
Budapest
Yet, you're still here keeping tabs 📑 Attention seeker
Good. People who aren't willing to fight for our country should all leave.
Coward!!
MAGYARORSZAAAAAAAG OLYAN AAAAAAAAAALOMBAAAN JARTAAAM
I came to this country in 2016 as a newcomer, and still remember the street are clean, people are nice, neighbourhood (even in downtown Toronto) are safe. Everything changed after COVID. Now Toronto is worse than a third world country: homeless people everywhere; parks (that's fucking Queen's Park just located next to the Provincial assembly) that used to be a place for people picnicing became drug addict's camp and filled with homeless people; streets are unsafe, i can commonly see people doing crack on street. Condo renting price is insane, 1 bed bedroom that used to be $1500 now comes to $2500. Everything is expensive but the quality are shit! New grads even from top-tier univeristy (UofT, Waterloo, Western) desperately applied for 100+ corporate jobs and never heard back, yet the streets are filled with "international students" on bike becoming Uber driver. And I saw our beloved surpreme leader JT now spending millions of dollars on some nonsense social justice program, and increasing the tax. Why the hell our country be like this?
Moved to SE Asia 5 years ago. $350 per month rent in a modern condo on the beach. Absolutely no comparison.
I went back home and i pay 150 Canadian dollars a month for new 2 bedroom plus that place where i live American company opened business they hired me for almost 5000 US dollars a month
As a Kiwi that has lived in canada for the last 18 months. I have found that all of this is true. New Zealand is reasonably expensive but canada is crazy, fruit and vege is outrageous. Phone bills, rent, used cars, all are far more expensive than home. Lucky they have good snow and beautiful views haha. 18 months was enough though, back to NZ
you're right, kiwi
That's funny, I think I'm a cantaloupe though.
Kia ora bro!
Whilst all your immigrants get free housing and food. With your taxes
@@ugremlin Marlboro?
Canadian here, moved to the US 12 years ago and will never return
PLEASE COMEBACK
How and is it that easy? Been thinking about Nevada
@@Y_hass I’m a dual citizen
@@bensanderson7144Dual citizenship must be abolished. You can not be loyal to two countries, especially ones that border each other.
@SteveSherman-jp1dz Loyalty? What do you think this is? The medieval age? If the ship is sinking, of course, I'm moving out of it.
I remember when you could work full time at McDonald’s and be able to have a clean, modern at the time bachelors apartment and a reliable used car 😢😢
Feels like it's the trend across the world now; too much population (demand) and low supply of housing, and lots of companies are buying up housing (homes, condos, etc.) just to take their employees' wages back in the form of rent. It's freaking insane.
NOT moving to Canada was the best decision in my life!
it was
Leaving Canada for Jamaica in 2010 was the best decision in my life.
Yeah, but you could probably leave any 1st world country for a 3rd world country and do great, no?
@@JFB1111 You have a point there, certainly economically, assuming you leave the 1st world country with decent cash. But for me, it's about having more personal freedom than I ever could in the nanny-state that Canada has become. There, you're not allowed to be human. You have to aspire to some progressive ideal of what a proper person should be, which mostly involves self-censorship and doing what you're told. Not my cup of tea.
And we Canadians are so glad you made that decision./s
Well, he fulfilled his promise, Canada changed!
For much much worse, but changed 😢
The comments are heartbreaking. Seems like a lot of frustration amongst Canadians :(
@@2and20 BTW you sling this UA-cam mud against Trudeau but are YOU CANADIAN?
Dkkkk, seems just fine!
Maybe if you watch the news too much?
@@Seedwreckhonestly, but time flies. Man Trudeau needs to cut down taxes and focus on Publix and private sectors
@@2and20from what I’ve seen seems like a lot of frustration amount Canadians that don’t live here and haven’t for a while. I don’t like Trudeau but the economic problems run back long before him. People in the comments saying the left Canada years ago, the overstating the degree of the economic issues, and finally complaining about “social policies” is pretty transparent. There are genuine problems but it’s pretty obvious a lot of people in the comments are intermingling their dislike of social policies of the current government with the economic issues.
Canadians keep complaining that they have a housing crisis.. Let me ask you, where in the world is there no housing crisis?! USA has it, South America has it, Europe, Asia and Oceania has it. You want to live in easy mode? it does not exist.
Japan
As someone who has lived in Vancouver all my life, I feel that my only chance of survival is to move to a different country. It's really sad.
This guy has done more research than the entire Canadian housing ministry !
More than the entire government
@@canucktruckerbear The governement knows all this but doesn't care simply.
Canada may not be going through the best times, but this video is oddly biased and contains some misinformation.
1) Right from the start, the first 15 seconds aren't 100% clear or transparent. While people in Canada do vote in federal elections, they are not voting directly for the Prime Minister. They are voting for Members of Parliament (MPs) from various political parties. The leader of the party that can command the confidence of the majority of MPs in the House of Commons becomes the Prime Minister. So it's not like people vote for one man, and that man then is solely responsible for everything good or bad.
2) Then you point at Sean Fraser with the "this guy" caption. This guy only recently became a housing minister, less than a year ago, you know. There's a whole government, and ministers change; it's not like some minister was "under-investing" for years. That's not how it works. And this new guy actually already negotiated a $4 billion investment for 750 thousand homes. I am not judging if that's enough or not, but it doesn't look like "nothing has been done" either.
3) Not everyone wants to buy a home... in Austin, TX. That's why the price difference. Similarly, there are lots of places in Canada where houses are way more affordable than in Austin. No one forces anybody to live in Vancouver or Toronto! House prices are influenced by supply and demand dynamics mainly. Take any other major big city in the world - same situation or worse.
4) Immigration is required to cover labor shortages (not only in Vancouver) and maintain the growth of economics (and create more jobs subsequently). Reducing immigration levels might alleviate housing pressure only marginally and it's unlikely to solve the housing crisis. Also, many people don't realize that without immigration, economic growth could stagnate, leading to fewer jobs and increased poverty, despite potentially lower housing prices. And who would build more houses if there's no demand?
5) As for the carbon tax - people get rebates. Hundreds of dollars as direct payment from the government. On a regular basis. So no need to complain about the carbon tax; that thing is quite balanced now.
6) Now about those banking fees compared to the UK and Australia. I can't say anything about the UK, but in Australia, banks seem to be way more greedy. In Canada, you can get 2-5% cashback on groceries, gas, etc. I'm talking unlimited cashback. And what about the banking fees? Typically a $16 CAD/month fee which is usually COMPLETELY WAIVED if you keep money in their savings account. Now go try to find something similar in Australia. You'd be surprised. Cashback is usually tiny and limited there.
The point of this video is for everyone to go elsewhere to live.
Besides, whether or not immigration is required, what’s being pointed out here is how quickly the population grew in such a short amount of time.
@@MrTylertherockstar indeed very quickly, I've checked, the highest year-over-year growth rate since 1957 (+3.3%). In the long run, that's awesome for the country, considering the all-time low fertility rate. But right now, it's definitely affecting housing availability. The government initially attempted to shift blame onto provinces and educational institutions, but it's taking steps now. The government's response is to cut down on international students by 35% and temporary workers by 19%, while also focusing on building more housing. But, that's not gonna happen overnight. These steps could have been taken earlier so I agree, it seems like a miscalculation. It will be all right eventually, I don't think the 'this country is doomed' vibe is justified.
This is the dumbest video I've wasted time watching on UA-cam. It's troll engagement bait about issues that are faced by every country in the world... housing costs, food and gas costs, immigration. Give me a fucking break. Any desirable location faces all of these issues. Pretending that they are unique to Canada, or a reason not to live here is some real pathetic shit.
@@dq7143 "elsewhere"
Here is the crux as I feel about it : Canada saw US making serious headways in growth due to its immigration policy. However, US scrutnizes like crazy whom they let in. They are very meticulous in drawing guidelines and reviewing them as to who comes in. And have been so for quite a while !
Contrast this to Canada who has been letting just about anybody in, and add to that allow them to launder money. Many of the heavy corrupt players from Russia, China and around the world saw Canada (UK and others) as a perfect haven.
Bring in the worst of the worst into your shores, accept all the blood money they got to invest in housing and other sectors,, and you are handcrafting a 'crisis to be' !
I live in Vancouver and work an unionized job at a corporation. My hours have been cut from 40 hours a week to 24 hours a week. My latest pay cheque after all the deductibles was $743 for two weeks of work. Many of the local employees have been replaced with people from India without PR or citizenships.
I am applying for other jobs right now. Submitted like 100+ applications and only heard back from four.
As an Indian, I apologise for the mess we’ve made, it’s brutal out here.
Same bud it sucks 😢
curious .. how is it legal to employ an immigrant without PR or citizenship? How do they even get a work permit?
@@varunchandra2991 They don’t have work permits. They are all “international students” who are only supposed to work 20 hours per week but get more hours than I do.
It’s just that their titles and pay rate are lower than mine. But we basically do the same things, which is customer service.
@@LouAntonioGiordano I'm sorry .. that does suck ..
Canada is the most captured, least competitive country in the world
100% agree. When I travel to the States or abroad, my friends are always surprised to hear how much we pay for flights, cell phone plans, and groceries haha!
Appreciate the comment if you enjoyed the video please like and subscribe, it goes a long way for our small channel!
Facts
Recently experienced L.A. and Vegas being significantly cheaper than Toronto. Blew my mind.
Very true. Canadians don't like competition and they also suffer from tall poppy syndrome
Australia "Canada, hold my beer"
I live in the UK and its a similar situation here. Buying a property (especially in the South) is so hard unless you come from money or have a really good job.
Also because people cant buy their own homes, landlords can charge obscene amounts for rent because they know people dont have any alternatives. Add that to the cost of living crisis and you have a lot of people feeling trapped and hopeless
Liberals led BC for 16 years housing went up 4 times since 2005. Yet Canadian elected liberal for their federal government I don't know what all Canadians were thinking
The Trudeau government is scrambling now to address the housing crisis. In the next few weeks you'll see a myriad of announcements to prep for the election. Don't fall for it. Not saying the Conservatives are any better but I think we are due for some change in one way or another.
Myself and most of my friends are in the top 1% of earners and we are nowhere near close to buying houses/apartments in Toronto and Vancouver. Our generation is truly in trouble.
Ya the problem with politics is it is simply a game of marketing and empty promises. The real solutions are not being put on the table, everything is a band aid.
Gen z and millennials are absolutely screwed. They will never afford homes in these markets
The Renters Rights Bill is a perfect example of how they are unwilling to fix the actual problem.
@@zomgoose exactly it won’t do a darn thing. The reality is that inaction from the govt for years has bubbled into a crisis not seen in decades. A year of campaigning and bandaids solutions won’t fix that
@@angryconsultant a lot of the politicians are profiting from this "crisis" that they created
@@zomgoose being in politics pays for sure. I just want to stress though that I believe this is mostly from ignorance and stupidity than malice. Terrible policy making
Canada hid its inflation in the housing market for a decade. The economy appeared to be growing, and real wages appeared to be staying in line with the consumer price index, but it was smoke and mirrors. If you removed real estate, GDP was stagnant. Wages were actually falling behind and people getting poorer and poorer without realising it. That’s finally become unsustainable, and inflation is showing up everywhere. And the wages are still stuck. The country is sitting on hugely valuable resources it could develop had it not put so many self-created political barriers in the way, and having indoctrinated their population about it along the way. Separately, The healthcare system is getting worse, consistently ranking 2nd last in the OECD in terms of real results delivered. The biggest problem is that the country’s economy is built on immigration to drive growth, rather than productivity, efficiency, or innovation. The more people you bring in, the more housing you need, but they’re at the point that they can’t keep up and people can hardly afford housing anyways. It’s a recipe for disaster. I left Canada by coincidence, having met someone from another country and moved there. I’m glad I left.
They need to bring down housing prices!!!
💯
What do you mean by “real estate”? Not enough houses are bing built more so than anything. As for the natural resources that’s actually a problem because it removes investment in tech which is bad for long term growth. Additionally the resource sector is growing. For heath care on performance Canada tanks 8th of performance (ahead of France and the US). The reason housing is more expensive is due to inadequate supply as housing increasingly becomes an investment vehicle instead of a consumable, more so than increased demand. The immigration is not the problem, the lack of investment especially in tech is the problem. Canada need to strengthen intellectual property rights to help fix this, and provide additional incentives.
GDP per capita was massacred the moment you add gorillions of immigrants into an economy that could barely feed its own citizen
@maryanchabursky9148 Real Estate has spiked because Canada has courted and received significant foreign investment. Same as London, Kleptocracies like Russia and the Middle East transfer wealth out of their own countries and purchase housing, driving the cost up for citizens.
Immigration undeniably also increases demand for limited supply. That's a basic reality. More people in, more property needed.
America, for all its problems, is still the best place to live and work.
There are two happiest days in life: the day you arrive in Canada and the day you leave
Two more happiest days: the day you have a driver's license, and the day you start your first job here.
Born and raised Canadian and lived 22 years of my life in Canada. Left Canada in 2005 and till this date, zero regrets. I went for an academic internship in 2004 during my Bachelor's in Electrical Engineering to University of Texas Austin. A professor offered me a position in his research lab for master's, so it was more like studying in US free of cost and earning monthly stipend for doing research.
I never considered this as permanent move but quality of research I did in US, the opportunities and salary I received I could never imagine that in Canada. I am still in touch with my university friends in Canada work at low wages on obsolete tech stuff, with no innovation at work. Many of them want to move to the US, but for 10+ years they worked on outdated stuff, so they cannot compete with the talent pool in US. Even in 2004, I remember healthcare being bad and I keep hearing stories about how worse it has become. In US, I am covered by a good health insurance, I had surgeries for myself and my kids, and we never had any issues. Honestly, I can no longer trust Canadian healthcare with insane wait times for my kids safety.
Wow, my American mom was refused life saving heart surgery by her longtime HMO she paid into through her employer for decades. They just CHOSE to refuse the surgery and she died. Just an FYI as to what you and your family might expect. Of course unlike Americans, you can choose to move back to Canada when the going gets too tough. And the going will probably end up getting pretty tough.
Speaking of health care and kids, there was obgyn in Northyork hospital charged for endangering his patiences by induce labour without consent during the weekend for extra pay. That’s canadian health care in nutshell.
💯
There are lots of aspects of life that will be generally easier in the US, but health care is not one of them. A quick story: I live in the suburbs of Toronto. Last year I was given a "FIT" test (to screen for colon cancer), which was abnormal so a colonoscopy was warranted, which revealed a malignant mass, which was biopsied, ultimately revealing I had colon cancer. Within a week I had a CT scan to ensure the cancer was only in my colon and, less than three weeks later, surgery (right hemicolectomy). So the total wait time was extremely reasonable.
I mentioned this to a very close friend of mine. He is a doctor, practicing in Virginia. He was amazed that I had no symptoms yet it was detected, and all my tests and surgery didn't cost a cent, and that it was taken care of so quickly. Maybe your insurance would have covered you too, but that certainly wouldn't be the case for every barista and Walmart greeter in the US. And it would be hard to get any surgery scheduled faster than that, in any country.
By the way, since last week I'm cancer free for one year! WooT!!! Go, Canada ... now if I could be as enthusiastic about everything else up here! I will be retiring in 8 months, and moving stateside.
It’s not that much worse generally. There is just a major shortage of family doctors at the moment. As for the tech, there has been very low investment over the last few decades (especially since the Nortel debacle).
If nothing changes, I’m also leaving. Shitty thing is, the whole western world is turning out like this.
I have moved to an island in Philippines. With Starlink one can live anywhere.
@@lacekratochvilI’m assuming you work remotely online?
@@evaander Fortunately, that's the catch.
it's because the WEF's plan is together now. you will own nothing and be happy
It sounds like it’s less bad here in Texas.
Moral of the story: don't elect politicians who want to increase the size of the State.
Maxime Bernier have spoken about most of these issues like industrial monopoly and unsustainable immigration.
I was born and raised in Ontario, and I HATE this country’s government, the ungodly taxes, and the shitty healthcare, Canada had been trashed and has no future. Feels like I’m living in a third world country. I am leaving and I’m never coming back to this godless dystopian wasteland.
it’s a first world country until you need to rely on critical infrastructure lol. i’m all honesty, there are so many things that are amazing about canada. but you better wish you don’t break a bone or require any healthcare. better yet, don’t plan on buying a home and setting up some roots anywhere. just vibe for as long as you can before the country finds a way to take you out
Go where you're treated best.
See ya Tiny wish you the best.
I got to say it's really a shame Canadian healthcare used to be the gold standard like it was joked that how better it was than the US
Everyone made Canada and it's healthcare system seem like a golden goose
Even the Simpsons an American cultural icon was seen praising the Canadian healthcare system multiple times over the years
@@rejvaik00 ikr! And if you require lifesaving care or surgery you can die waiting. I’ve known plenty of Canadians that fly out of the country to receive medical treatments or care. I also knew someone who had cancer and he could have probably lived longer if the healthcare was actually accessible, he had to fly to India to get a surgery that he would have had to wait 6 months to get in Canada. It’s a real shame, I remember when Canada used to be nice, but it’s far from the Canada of today.
As a born and bred Canadian, I am severely disappointed with the state of our nation at the moment... And for those who think "we" elected Justin again, you're wrong. There's only one city with power in this country, and that is Toronto. Toronto sweeps the stakes every time.
You live in a town with 20 people and think you deserve to have majority. Give me a break. The people in the cities have just as much say as you, that's why we have a representative democracy. Look it up, you should probably learn. Thanks :)
@@Aids97 yup continue electing tudeau and killing thecountry
Don't worry, it's a shit show everywhere. Even smaller cities than Paris in France are unaffordable as well. No Trudeau there.
Maybe Toronto should have their own PM or the country should give local governments more power.
It's almost like our system gives one vote per person or something.
As someone who lives near vancouver, this is something that I am truely worried about. I don't own a home yet, but where I live, it's more like 500k a year. It really scares me. Thank you for making this video.
11:15 been curious about this part of the Video for quite sometime. The People I have majored with in college have done research about this, Implying that it has been a thing for ages. Could it be something other than lack of funding in the Private sector? Perhaps, the cost of funding is much higher within the region?
The Economics Explained UA-cam channel summarized Canada's malaise: 1. Housing and rental costs are high, which means that businesses have to pay more money in rent, which otherwise could have gone to employee skills training, or investment in equipment/ innovation. 2. The expensive housing market is so lucrative that investors prefer to invest in housing than in businesses. This increases housing prices, and also denies businesses capital so they have trouble growing. 3. Highly-skilled workers who innovate and expand businesses, creating new jobs and growing the economy, will find better-paying jobs in the US, and leave Canada.
Canada is fine if you are a millionaire...
For the rest of us, it's soul crushing.
Born and lived here my whole life, but now planning to leave. If you think it's expensive now, just wait, it's going to get worse.
That $2000/mth for a 1 bedroom will be $4000 in a few years.
Ya it’s heartbreaking. I don’t imagine housing costs will slow down anytime soon. It’ll take real action to get something done. Something beyond the purview of politicians
You want to be either very rich to dodge tax or very poor to reap the benefits. The middle class is getting crushed.
And the most frustrating part is that everyone else thinks Canada is amazing, it's like living with constant gaslighting.
@@user-ze3sg6ix1u 100% I hate to hear ppl who think Canada is amazing, inside out! And I am Canadian.
it is $2000 for a studio in nyc. 1 bedroom is more but you can find better price in queens,Brooklyn or Bronx. Just have to search for it
When I was a student in Canada, a small cup of double double only cost 0.57 dollar. This time I go back to Canada, it is 1.50 something. It is madness. Every retail store’s positioning is value. That is why I eventually decided to abandon my Canadian citizenship application.
hey at least its still cheaper than south of the border. small cup of coffee from the double D is around 2.4 USD. much crappier than tims too.
Not sure what double double is, but in UK it's usually £3.50 and when you stop at services off the motorway is £4.7
@@flesz_ double double = 2 cream 2 sugar. wow u guys are even worse
Good luck with whatever country you want to be citizen with. People are never satisfied, and even take things for granted because they never experienced worse. When I came to Canada, everyone was complaining health care was too slow, but they never experienced health care system which you did not have money, there would be no help whatsoever. At least, in Canada, help is on the way despite maybe being slow.
@@maplehightech that's true
Especially when you come from poor country without any help possible
Twenty years ago I left Canada and boy am I glad I did so. The country has turned into a disaster unless you're rich. The obsene house and rental prices are obviously the result of gross mismanagement. I mean, the government employs economists who should be able to advise that too many buyers and too few houses is going to lead to major trouble. A rich country with so much land should not have this problem. When it comes to gas prices, Canadians have to drive some of the longest distances in the world and are forced to pay such high gas prices. Since there is almost no public transportation, what choice to people have but drive. Regarding the grocery situation, allowing a handful of massive companies hold Canadians ransom is complete bullshit. This is where the government needs to do something to rein in this behavior. Obviously people need to eat but allowing these companies to rake in obsene profits because of this basic need is a crime. I hate the idea of a PC government, but the Liberals have definitely failed.
Man, I found living in Canada much cheaper than a few other places, and with higher literacy rates, less mass shootings, a better quality of life, and less violent crime than the states, Canada is a haven. But then again, I suppose if you compare it to Pennsylvania, it probably seems ridiculous.
Depends which part of Canada because if you live in Toronto, it's just a New York rip off and there's been gun violence happening
@@coltwgrice I live in Toronto. Still one of the safest cities in North America, and I'd rather live here than NYC, a place with real crime, more expensive rent prices, and much dirtier. (Not that Toronto doesn't have its own issues. And really, who cares which city is more expensive - they're both fucked)
Cheaper than other places man you makes me laugh , do you at least understand what you talking about
@@robertrobski1013 As someone who has lived in Japan, Ireland, four states in the United States, and two places in Canada, yes, I actually do. Unfortunately, it would seem you do not. Do you understand how to write proper sentences?
@@coltwgrice
Toronto is more Chicago than New York.
Tried really hard for 10 months to find a good job. Finally leaving Canada next month. So excited! Can't wait!
@sasherwani yeah another indian left our country, womp womp. never come back here pajeet boy
Yeah pinhead, another immigrant out. Don't come back again
@@puny_God Just shit out my sister is canadian lol, and im rich im my country, Colombia is better than Canada, i know it hurts you, so sorry. While you have to work in 3 jobs to pay your rent i just look at the computer and get paid better than you lol
@@puny_Godhim or her leaving will not make your toy “country” good. It never was 🤡
How were you able to immigrate to the country without a job?
So thankful to the United States for giving me the opportunity to leave Canada and pursue a better life here. I moved in my mid-20s and couldn't be happier with my decision. It always surprises me how few young Canadians consider this but just put up with their worsening living conditions in Canada. I hope a new government can come in a turn things around for my friends and family still living there.
Really? I thought lots of Americans were deeply unhappy with their current situation.
@@rigelb9025 it’s all relative. If I was in the lower class, I think Canada makes more sense, if I was in the upper or middle class I think the US makes more sense. Neither country is perfect but it’s about relative tradeoffs.
@@mattt1994 Indeed, EVERYTHING is about relative tradeoffs. I think most engineers (as well as Einstein) would agree. But if you're neither in the lower, upper, nor middle class, what class are you in??
@@rigelb9025 personally, i grew up middle class, am currently in the upper middle class and ideally would like to get to the upper class one day. I think the US is the best place for me to do that.
@@mattt1994 I hope you reach your goals.
I loved the video! I was just curious how you created the animations for the charts? It looks great!
Thank you! I used after effects and adobe illustrator
It blows me away this channel only has just over 10K+ followers. This is a presentation I’d expect from one with several millions.
As an Australian. It's as bad here. Trying to buy a house is almost impossible without help. Also, the rental crisis in our big cities is absolutely terrible.
No Australia is a HEAVEN for me as a German ! Came here 3 years ago and I will be forever here.
Sorry, no. Australian here with PR in Canada. Our wages are astronomical in comparison. This is an obselete comment, unless you've lived both lives.
Canadians are complaining that they have a housing crisis, you should ask them, where in the world is there no housing crisis? maybe they want to move to antartica
yes exactly. that is why i commented "come to australia bro, you will see the real crunch."
U imported too many Indians and this is the consequence.
Canada cares more about pronouns than affordability
Haha fair enough!
Here go with scapegoating minorities again as we all know the safer queer people feel, the worse the economy does...
this is true.
And immigrants.
@@vangoghsear8657 Immigrants are essential for economy, don't be racist. You are an immigrant too, if you aren't from a First Nations.
It’s so depressing. I don’t think I can make it there as immigrant. And I’m from Hong Kong. It’s like choosing which hell to live in.
As an American, I hope Canada will return to normal in the coming years. I’m debating if I want to move to Canada by the time I’m 30 or maybe older cuz I’m 21 as of today typing this message. This country seems to peaceful to be in such awful financial scrutiny
You want to move to canada from USA, and I have same things but i want to move to canada from India, I am same hoping for things to get good cause whatever state is canada in right now it's still better than India
If you thought only Canada got this problem , same problems here in Australia as well - housing affordability , rental crisis etc. If Canadian grocery prices are expensive, Australian ones are even more. Here also 2 super markets (Coles & Woolworths) duopoly and holding all market share and not much competition. Aldi is only a small relief.
I moved to Australia from Canada for 5 years back in my 20’s and it became a second home to me.
I love both countries, but it saddens me to see both heading down the same path.
I do remember groceries being overall more expensive, but the prices were somewhat more offset by the higher base wages.
@@PartyingLemons yes the wages are higher here compared to Canada. and I have lived in Canada for couple of years, so know little bit about Canada :)
And. Don't forget NZ 🇳🇿in the racially divided boat. So far at least we don't have too many of "them"..the immigrants who have no intention of becoming part of our culture.
I moved from Canada to Australia and I find groceries more affordable on average with higher quality produce. I also think eating out is cheaper as you dont have to pay tax and tip on top of the listed price. Accessibility to primary healthcare is also far superior to Canada. I am happy to stay and build my life in Australia.
All caused by rampant importing of people (predominantly certain cultures) and globalist zs policy. Easy fix.
Add the shitty weather and their is literally no reason to live there.
To Canada's credit it is gorgeous in the summer time!
And has the world's best skiing (in my opinion as an avid skiier)
@@2and20 Arguably the best summer. But it only lasts 2 maybe 3 months. The rest of the year is miserable.
@@2and20 you just gotta go to a coma for the other 6 months of the year and bang!... live in paradise !
@@2and20Italy,Switzerland,Austria and France much better than Canada in skiing facilities, experience and environment.
the REAL reason why more people voted is for the legalization of weed
I live in Canada and I have to say, the poverty here is really unfortunate, meanwhile the weather is nasty and you always have to worry about being safe outside.
As an international student going to Vancouver for university back in 2013, it was already bad then. I was astounded how many old buildings in Downtown Vancouver were being demolished in lieu of new land for apartment towers that promised "affordable housing" for the neighbourhood's old displaced residents, students or low income families. And yet these projects would end up being being rented out at a premium. Lots of shiny glass-fronted buildings for the few who could afford a place in them. Eventually I was lucky to find a basement studio south of the city center. After months of struggling to juggle my university expenses, services and rent (and the rain!) I couldn't take it anymore and noped out back to my country to finish my studies.
Stupidly enough too, my parents and I got a student loan from my country's government by mortgaging our house to the bank (horrible idea, I regret it every day) to go to study to Canada in the first place. I didn't use it all up, but long story short I'm now paying that loan back monthly. Still: even having to pay a monthly mortgage to recover the family home, it's still WAY cheaper than the total cost of living per month in Vancouver. Hell, it's even cheaper that just the rent by itself - and I'm talking about 2013 prices for a basement studio in the suburbs. Funny how life's plans change, in this case for the better (or at least making it not as bad as it would've been otherwise). My country might be a mess of it's own too, but I'm constantly thankful I'm not in BC anymore - even more so now that it's gotten worse. The city and Canada in general are beautiful, it's just that the "living" there isn't really living at all.
Where are you from?
Where you from?
Affordable housing? That term has become a joke.
Where are you from?
From where are you?
I live in a 2nd world country. And I just got neighbours that moved back here from Canada. My highschool friend also moved back from Canada. Just a few years ago, something like that was unimaginable. What the hell, Canada?
What's a 2nd world country?
@@mrbelvedere1632 China/Vietnam
@@mrbelvedere1632developing countries
@mrbelvedere1632 2nd world countries are the ones that made up the Eastern comunist block and its supported countries during the cold war.
Russia, Poland, Romania, etc...
I guess everybody who are from eastern europe just say so and never say name of the country. I am too from eastern europe
Several Canadian friends are now former Canadians. One more just told me yesterday that she is looking for a job anywhere else in the world!!! she said it took her husband 6 months to see a specialist doctor, and her son 18 hours to be seen in the ER.
This is exactly what companies and the government want. Can’t fight back and demand better conditions if you’re already financially on life support. Same thing is happening in the UK.
I own a mid sized home in northern BC, share a vehicle with my spouse, work 70+ hours per week (when there is work) in the energy sector, have a second job when I’m home, my spouse works part time. Last year we earned $130,000 combined, took one 4 day vacation and were living paycheque to paycheque. We don’t have drug or shopping addictions, our basic bills cost $7000+ per month, and we’re one of the lucky ones.
how come your bills cost 7k+ if you >>own
NOBODY'S "Basic" bills are over $7k a month... Although you're clearly shoveling enough manure to earn $130K a year...
Stop wasting your money on stupid crap and you'd be surprised how much you actually NEED for ESSENTIALS instead of calling every one of your wants "basic" like the personality of your spouse.
Do you have children? I'm an American living near Seattle; at one time (more than two decades ago) I considered relocating to Canada (several factors were involved), but now realize that my decision to remain in the States was a good thing in many ways.
WHAT
@@DuckisLS Don't forget property taxes.
2015 was my first federal election that I could vote in. I voted against Trudeau and I told my parents after he won that it was going to be a disaster. I was right.
i don't know why canadian pals let that man win his third election eventhough they saw how bad the dude had run his last term. So I wonder if they hadn't had any better or equal competitors against him so they had to choose him instead 💀
Same and the only reason he got reelected was he scared everyone into thinking the Conservatives were going to take away your "rights". Stressing about gender ideology in schools is the privilege of a first world country. As homelessness increases and less food and heat available no one is gonna give a f*** whether they feel born in the wrong body. They will be so caught up on survival. It was classic politics and an issue for distraction from the actual issues of not having resources for everyone. Trudeau is just the face of it all. Don't let him divide us. We all need to look out for each other as life gets harder.
I couldn't until 2019, but still get chirped by boomers, Stagflation is killing this country, I literally make $3 more than I did in 2018 when I graduated and yet I'm only making $0.45 more in actuality 6yrs later....
@@kimhong3573 Despite having multiple parties, the majority of Canadians feel that the decision is between the liberal government and the conservative government. We've had bad governments come from both parties. I think a lot of Trudeau voters still vote for him because they want a conservative government even less. Whether that is a good decision is up to others to decide, but plenty of people simply don't want conservatives in power and see any other option as better. At this point I'm just jaded and don't feel there is any party I can put any faith in :'( I love Canada, but just like basically every nation it seems the folks who want to be in government are always the shittiest of the shitty. Then we end up with an entire system filled with bullshit and bullshitters. They fuck us over and try to take everything we have, find ways to get rich friends even richer and leave regular consumers holding the bag, all the while putting all their effort into trying to convince us it's 'the other guys' who are ruining everything. They're all scum and I don't feel a single party actually gives a fuck about the country or its citizens.
What do ya do, I have to be grateful for what I do have, I suppose.
i'm from hong kong, about to come to canada (vancouver) this coming fall for a master's degree in city planning at ubc. i haven't watched the video yet, but reading these comments has me feeling seriously anxious and worried now...
left Canada 7 years to live in India, Thailand, Bali, Vietnam, Turkey. Best decision of my life. Canadian life is miserable
So now is the time for America to avenge the war of 1812 and liberate the Canadians from their government
I am game.
Lmao, I wish, but USA government is flawed in a few more ways different.
Merging the two would just have an even worse, but bigger country with lots of people wanting opposing rules.
😂 🇨🇦
America started that war so there is nothing for them to avenge.
WTF dude we prefer living without your F*** guns.
Born and raised in Canada, and I'm seriously considering moving south of the border. I'm not getting any younger and don't have 10-15 years to wait for things to turn around. I bet lots of others who have this option are thinking the same thing.
No thanks, we have enough rednecks.
Down Mexico lane....
Move way south, like south of the Rio grande. The US is going the same direction as canada. All by design
Americans complaining too. Libs and dems need to gtfo office.
@@VictorW8don’t forget about the republicans too
On the other hand, many foreign women from North Korea, China, Russia, Iraq, Iran, Syria, Cuba, Turkmenistan, Belarus, Saudi Arabia, Afghanistan and Myanmar happy to come and move here.
This is a little disingenuous. When the narrator says "Canada" he is really saying "Ontario." Housing prices in Montreal and Quebec city are still affordable you do not need an annual income of $170k, sure they're getting expensive. But they aren't even close to what people pay in Vancouver or Toronto. Same goes for Alberta, Manitoba and Saskatchewan, housing prices are more expensive than they were pre Covid, but they aren't even close to what the narrator is stating and you don't need an annual income of $170,000.
The only exception is when the narrator says "the average Canadian income is $70,000" this is true, but then he compares the annual income to property prices of Ontario and BC.
All that being said, Canada is significantly worse off than it was 8 years ago before the Trudeau Government. Life all over the country is significantly more difficult and the overall cost of living is unreasonable.
I think this may have something to do with French Canada deliberately screwing English Canada. I may be wrong, but looks like that to me.
@@arktseytlin Quebec does not have that power over the rest of the country. Our federal and provincial governments are corrupt and useless.
My father bought his small home for 55k in 1996. It's valued at a starting bid of 170k right now. He could easily get over 250k for it. In Montreal, a similar house in a similar neighbourhood is around 350k. There's already too many people fighting for a roof over their heads, and Trudeau brought in a MILLION migrants in the last 2 years alone. Nothing he does helps us.
Housing prices straight up doubled even after factoring in the inflation over the years. The last time things were this bad was when Trudeau's father was prime minister, and it has gone WAY beyond the last price spike.
I'm just about done with this damned country.
i live in quebec and they are absolutly NO house liveble under 200k, even a mobil home cant up to that price
This is not a BC/ON only problem. In Nova Scotia, vacancy rates are frequently below 1%, which has led to a rampant renoviction crisis that often sees rental prices jump 100% between tenants.
The average cost of rent for a one-bedroom apartment in Halifax is about $2,100. If we take the common advice that your rent should be about 30% of your income, a person would need a salary of $84,000 to hit that target. However, the average salary in Halifax is ~$60,000, meaning the average full-time worker would need to get a 40% raise just to afford to live alone in a small apartment. Meanwhile, the city is full of construction of new luxury condos that will not be of any use to the majority of the population.
Give me a break! You all elected him 3 times. Don't blame Trudeau, blame yourselves.
It's weird cause I know nobody that voted for him and he still keeos getting re elected
If u live in the west most people u know probably didn't vote him, likely all the people east did. First past the post sucks :(
Pretend Trudeau is the problem is rich. Harper removed all affordable rental fundings and Vancouver home price went up 300% under him. Trudeau suck, Harper suck worse. Who is the problem? Home owners like us because we don’t want new apartments around us, we don’t want to see our home values drop. This is why politicians can’t really do shit because 66% of people own homes. Good luck
albertan herte, we voted for the opposing candidate
💯
I thought this was produced by CNBC or some other legacy media company , Hats off to your production quality. You are definitely going to blow up.
Really appreciate it! We are a super small channel run by two guys who do this as a passion project!
Video title: Why No One Wants to Live in Canada
4:14 the government has admitted a record number of immigrants since 2016
??? sure seems to me like a lot of people want to live in Canada. You wouldn't have a housing demand issue if that wasn't the case.
Exactly. Overall it's a place people want to move to because it's a democracy and there is still a lot more opportunities than in other places. Not denying that the cost-of-living crisis is pretty dire especially in the big cities, but Canada is in no way unique in that case ... same stories in the UK, in Australia, NZ ...
It's all Indians
Unfortunately, many of these immigrants (predominantly Indians) shouldn't have been allowed in to begin with. I'm not trying to be racist, but many of them masquerade as students and enter with falsified/forged documents. Since they tend to be uneducated, they only work in entry level jobs which does contribute to the economy, but takes away from the people already here since they're willing to take low pay and long hours. The whole idea behind Trudeau's immigration policy was to bring in qualified and educated immigrants which clearly has failed.
@@etiennepolle5646 these immigrants are given free money from the backs of working canadians, so yea they move here because they are promised an easy life
so we should let in anyone on the basis they want to live here? lol
Heating with OIL is not "dirty" if the furnace is maintained properly. People ignore filter changes and/or don't want to pay for maintenance. In most rural areas, OIL is the only option.
I moved to London, UK. Got a job in finance. Bought a house in Zone 2. Pricey but still affordable. But i can't now move back to Canada because the house to salary ratio is ridiculous.
Ya a lot of my friends work in IB/PE/HF in London or NY and many want to return but are struggling to rationalize it. There is a high cost of living but limited opportunities to make it work.
Thanks for commenting. Please subscribe if you liked the video :)
UK? lol
@@2and20 The housing market in London is as bad as in Toronto and it has the same problem with housing being used for money laundering or bought by foreign investors who don't put it on the market after acquiring it as an asset. Boris Johnson used to present real estate to Indonesian investors first before Brits got a chance to buy it.
I call cap, zone 2 house in London is on par with the best in the world such as Switzerland, New York, Tokyo, Paris. I’ve only lived here all my life ha ha ha even the ghetto areas like Peckham a house will run you 1 million now.
@2and20
Why do you not mention the cause here - monopolies and that they fund elections & own media???
If they don't do what they want, the media tries their best to kick that govt out.
I came to Canada as an immigrant. I am very educated person and with multiple advanced degrees. I cannot make a decent living there due to discrimination at work and the gradual increase cost of living. I moved out of Canada to live in the States where I am making so much money and opportunities are plentiful. I wish for every Canadian who could move to the states, just do it.
1. A truly educated person would never refer to himself as 'very educated'. As an ancient proverb goes, 'The more I learn, the more I realize how much I don't know.'
2. Canada does not owe you *hit. True North is for strong people. If you failed to show your strength, it's your problem.
He is Dunning-Krueger.
I know a ton of folks who did this recently. I work in private equity / venture capital, and many top engineers are coming down from Canada. The ROI is so much better
@@2and20 The question is, how they behave. Do they brag about being 'very educated' and throw mud at Canada?
I get where you are coming from. The truth is a lot of highly educated people are leaving Canada. I grew up in Canada and most of my friends who graduated in software engineering have left the country.
Obviously that is a small sample size but the empirical data suggests same. Most of my friends in finance have left. A lot of my doctor friends are also moving down south (ie my friend is a neurosurgeon and decided to practice down south).
It breaks my heart. But Canada has a major problem and it needs to be solved. Sadly, I don’t think there is leadership in any political party that can solve this.
Lots of really obviously conflicting data here. You quote a bunch of ways Canada is apparently failing to regulate certain industries, while the very next sentence you say Canada's problem is that they're not "business friendly" enough. You're proposing some vague nonsense of the government doing vastly more overreach and breaking up companies or maybe nationalizing them. But also suggesting that the government needs to be massively cut back and deregulated.
And you cite how undesirable it is to live in Canada, while also saying they should restrict immigration because so many people are moving there. And Canada's high prices are largely a result of how desirable it is to live there. If lots of affluent people want to live there it drives up the cost of living, just like in other successful and desirable parts of the world.
And both the US and much of Europe have these same problems, but often worse. Even China and Japan are seeing these same problems recently. They still need to be fixed, but singling out Canada is not very honest.
Canada did exactly what China tried to do minus the industrialization. They tried to constantly prop up their housing market because Canada is such a uncompetitive economy because of all the trash and inneficient regulations. So basically the housing market absorbed all the money via quick appreciation of the assets but now their whole economy is distorted and in shambles. Worst thing is it will come crashing down in the end
High Immigration has driven housing demand off the charts while allowing wages to stagnate.
This problem is directly because of greedy land owners, Landlords and property owners alike.
Immigrants always get the blame but it’s nimbyism.
@@Seedwreckabsolutely. Without high immigration we would be in recession without doubt. The issue is a complete lack of urgency on anything that actually impacts Canadians. Non-market housing, healthcare, agriculture, anti-trust actions, etc. completely swept under the rug to keep the donor class happy.
@@youthactionpact it is only pushing it ever forward and it is going to crash even harder
It dooms their demographics and culture
I stayed in canada fo 12 years then moved out 14 years ago in 2010, came back yesterday and saw the food prices in Montreal. Didnt regret it.
Where are you living now? 😊
@@gwarlow Hongkong
Same here ..moved out in 2009 and I can’t convince myself to move back even though family is back there.
What a crazy 28 years! Seems like prices sure have changed, sounds like you missed the old school days!
@@Seedwreck back then Canada was a nice place to study and work, everything just went downhill from 2010
too many immigrants ➡️ housing scarcity ➡️ price increase
Would love links to the sources used in the video in the description.
Great video, explains the situation we are facing right now.
Thank you! Going forward we will be pasting all of our sources for the public to view!
How could the government do this to their own citizens. We could have secured such a good life for the average Canadian. It’s not only inaction it’s action that directly hurts the most vulnerable in our society, which is becoming the majority
I think the major thing to remember is that the Government probably didn't do "this" to their citizens.
If something seems completely ridiculous for a Government to do, they tend not to do it, even if some internet video says they are.
@@kirkoconnell Unless it's simple neglect and incompetence. Then that is trivial to do.
None of what this video says is groundbreaking. If you're a young adult without rich parents, you've seen it.
Canada was only colonized by the Europeans for one reason: making money. There's not much here otherwise to attract people. It's too cold in most parts of the country for large-scale settlement, which was apparent even to the first French explorers. But there were extractable resources like furs and timber from which wealth could be made.
And that's the dark secret behind Canada: it's a place where the profit motive rules all activity. The only reason nobody noticed this was because the original British settlers were less diverse than the groups that settled the States or Australia, and this gave the Dominion a progressive veneer owing to their cultural cohesion. Those British colonists were mostly Quakers, well known for being more sanguine about profit than other Christians, which dovetailed nicely with British investment in Canadian industries.
What's changed is that extraction isn't as profitable anymore because most Canadian industries face heavy competition in their main USA and European markets from other countries. Now, the only lucrative extractable resource is consumption within Canada.
Why were four million immigrants brought to Canada? Because they would work the same jobs as native Canadians for lower wages, and therefore would part with larger quantities of the profits of their productivity. Why are rents skyrocketing?Because they offer attractive returns for very little investment. Money laundering? Ditto. And oligolistic market capture is also very profitable. Canada isn't a "post-national" state. It is a colonial remnant dominated by a small, incestuous elite of property owners and money fund managers, abetted by a gold digger Canadian government whose stinginess would ashame both Mr. Krabs and Scrooge McDuck. Changing from the Liberals and Justin Trudeau to the Tories and Pierre Poilievre isn't going to change this and will actually make things worse. Canada has an existential problem without an easy solution.
Came here about 8 years ago from eastern Europe. Love it in Canada! It's not perfect, but again no country is. We enjoy the easy-going people, the feeling of freedom, and access to good jobs (doing much better economically than back in the old country) and the multi-cultural atmosphere . Many thanks to kind, open-minded Canadians who have made us feel at home.
Give it a few more years and you'll change your mind.
Yeah I immigrated to Canada too, about 15 years ago. Loved it the first 10 years, then it all sucked. Canadians are as kind as they are stupid. And that stupidity is what led them to be where they are now. Glad I skipped ship when I did, otherwise I would have been stuck. I appreciate the passport, though. Only useful thing from Canada these days.
Yes the People over there are great but still the rent are worst than ever and the Canadian dollar is a freaking joke!
We are from Eastern Europe, too. This video is accurate, and Canada is much worse than when we came 8 years ago. However, I will be forever grateful to Canada, as I could earn enough money to open my own business and buy a townhouse, which would be impossible for me in Poland.I would never learn so much about other cultures and try food from around the world.
@@izukens I don't understand why so many people leave Poland. It is not bad country to live. Poles are everywhere in big numbers. Why Czechs don't leave their country?
It’s such a shame, the dream of a comfortable average life is fading. There’s exactly the same situation here in NZ. It’s tough out there!
For non-canadian viewers:
Technically, there is a very large portion of Canadians have voted conservative but there are certain regions that are more important than others in order to secure seats in parliament meaning our election system is not entirely representative of the Canadian population. Most of those being around Toronto/metropolitan areas. Not to mention the illegal coalition alliance between the NDP Party/Liberal Party that have agreed to vote yes on all the same bills being pushed (these are suppose to be seperate parties) or blocking others together essentially creating a pseudo dictatorship against anything the large Conservative party does. It's entirely corrupt...
There's definitely a money threshold in Canada you NEED to make to .... have fun and live well. If you're a lifetime renter, or entry level worker.... it doesn't make sense. My family is established from previous happy decades. But even for us there is stagnation and living on savings (many family members moved back to EU, and I'm thinking of it as I'm fluent in many languages there). Imagine people starting new RIGHT NOW.... makes me sad that most Canadians will never had a backyard. Godspeed everyone.
Ya this is very accurate. If you bought in decades ago the run up in housing has made you a millionaire but for others the reality is quite sad.
Canadians under 30 are super unhappy. And things need to change before the country runs into serious issues like some European counterparts.
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There are a lot of people in Canada today that are not living they are merely existing.
Suburban backyards are what has destroyed life
@@2and20 Canadians under 40, I suspect. A lot of 30-somethings still can't afford much of a life, even with so-called "good" salaries.
@@M_SCSuburban backyards are what raised happy, healthy generations . My children were raised in that atmosphere in the 70's and 80's, they roamed the neighborhood along with the rest of the children. All of them are happy, well-adjusted, self-reliant adults today. Not one of them grew up to be a whiney individual thinking the world, or the parents, owes them a living. They are now trying to raise their children in this manner, however, are struggling to do this because of the restrictions put upon society today.
Any Canadian with money, skills, education or business ideas would be better off leaving because Canada punishes success. People without these things act like everyone should stay in Canada and suffer instead of pursuing better opportunities.
This is true, many of my university friends have left Canada heading to places like the States and Singapore, you are severely limiting your earning potential by staying in Canada.
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Its not so easy to leave. It's so hard to get a job in a country you don't live. They always favour their own residents.
@@civilcopycatthat is totally wrong
I’m not sure who told you that but don’t trust that person
Choose a country to move and don’t think too much
It’s always totally different than you expected
@@alpha_vancity Ive been trying for years. I need to find a job in that country first to be able to move and its been really hard to get one even when I know people. I dont wanna start from the bottom and take on low wage jobs but i don't have high expectations either. Are you suggesting moving first and then figuring it out?
@@civilcopycat yes of course
Don’t be in Canada and looking for a job in a different country
Every beginning is hard
Don’t wait too much
I would love to move but I’m not ready yet due to my financial situation
But hopefully next year
And if you k’now someone in that country you wanna move do it
I’m sure they are happy to help you
You've elegantly summarized why we moved to the US several years ago. We were not willing to take on the level of debt required to live anywhere near our family in the GTA. It's just been crazy to watch--home prices rising faster than people could possibly save, price to income ratios stretched to absurd levels, with homes in the GTA often going for hundreds of thousands over asking in high pressure bidding wars--a recipe for terrible decision making. Since leaving, we make far more, our money goes further in general, and there's a bright future for our family. The US has its own significant problems, but it's a great option for Canadians with in-demand skills and high income potential. Amusingly, Canadians may find they can live closer to their families back home by living in border towns than if they were to try to buy in Canada. Not sure how our leadership missed this crisis brewing in plain sight for over a decade, but right now, I don't see any meaningful progress toward fixing the crisis.
Happy to hear things are going well for you. All of it is quite tragic. For a country with so much land it’s an absolute shame that housing has gotten so expensive.
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I'm not a fan of canada but I think going to USA gives you the same if not a much worst problem. Just don't get sick in the USA because that will probabbly going to end your life.
remember that when you vote for biden, so you can make the US just like canada -- a nice ripe shit hole
How is the paying for your own health care going? I'm American and my mom died after being refused surgery by her longtime HMO she paid into for decades. I hope you're a multi millionaire and not just a single millionaire when it comes time to pay for your own surgery. I'm thankful to have married a Canadian and although I love my mother country in Canada I had emergency services this last year that would have cost me around $500 thousand dollars. God bless Canada.
@@talktothehandreviews I think you mistake me for someone who absolutely loves the US. I don't. I think many countries have flaws, and it is okay for us to talk openly about this. Canada's problem is that it is losing productivity which can challenge it's economic prosperity in the medium-term (similar to what has happened to Italy or Argentina). However, I strongly believe that this shouldn't be the case and it is a byproduct of poor policy making.
I don't think Pierre P will necessarily solve the housing crisis -- in fact, I would go as far as saying he definitely wont. But I do believe he will do many things better than Trudeau, because I would argue that Justin is likely one of the worst PM's when it comes to economics. And that is coming from a guy (me) who is traditionally quite liberal. For example, I know someone who knows Justin reasonably well, and he told me point blank that "Justin might be the dumbest politician I have ever met." This same guy had wonderful things to say about his deputy prime minister.
The US healthcare system is an absolute shame. I strongly believe that people should not have to suffer economically for things they cannot control. In fact, I am planning a video on the US healthcare system.
We were paying $950 for a decent sized 2 bedroom apartment on the 3rd floor near downtown Mississauga.....that was in 2012 after i left.... those days are long gone.
As a economics student, hearing that the US has low levels of monopolies it´s a good joke
One news says everyone is leaving Canada and no one wants to live here anymore. Another news says so many people want to come here desperately, especially international students, who would do anything to stay and make a living in this country. Same with USA, so many Americans are leaving the country too and yet the border is flooded with people more than ever.
Native Canadians want to leave and are being replaced by third world immigrants who expect welfare. Same with USA.
Boarder?
Yep. If you look around, there are still a lot more people coming in than leaving. So many people willingly leaving their businesses and houses back home to come live paycheque to paycheque in Canada.
Canada still have a high quality of life compared to the world average. But it’s in decline, so that’s why people are starting to leave
Calm yoself LOL. Americans are not leaving America. People are kicking down the door to get into the US right now.
What that girl said can't be true! "Her landlord raised rent by 7000 dollars a month"?? How is that possible?
Who's going to stop the landlord? That's how it's possible.
I remember seeing this months ago, the landlord was trying to pressure them to leave, because they wanted to stay, so he was attempting to make it impossible for them.
7000 Canadian Dollars. That's more like $80 bucks in USA dollars
@@neanam 🤣😁
@@neanamlol, actual conversion is $5,124.46
About half a million people immigrated to Canada in 2023. Mostly Ukrainians, Haitians, Indians, Chinese, Afghanistan, and Nigerians. I guess *some one* wants to live in Canada. PS The average home price in Saskatchewan is currently $324,400... but you have to live in Saskatchewan.
Yup, Saskatchewan has sunny skies, fresh air, a certain level of safety & sanity, short commute, good neighbours & communities, free festival events, go to “the lake” in summer, excellent fishing, innovation, etc... Vancouver & Toronto are not the sum of Canada.
As a Chinese, I can say that a lot of billionair and middle class Chinese immigrants move to Canada in the past decades. For billionair Chinese, Canada is still heaven . For the middle class Chinese immigrants who don't have the good enough English/French skill,they will scrumble for living in Canada. Hope Canada can become better in future.
@@bryandeng570 Or they move to Richmond BC where they can live a life with practically no English
@@lmor7110 Nice open skies too.
@@torenatkinson5708 Another issue is that their skills/capabilities achieved in China can not be recognised in Canada like doctors,etc and they have to start from zero to get qualifications for similar job in Canada.
I've lived in Canada my whole life and I've never been hurting so bad. Example... I got my auto renewal and it more than doubled! $300/month for a Honda CRV!! I've got air tags on it, a club on the steering wheel and it's parked in my garage as I work from home. Unbelievable!!
Maybe don't spend it on Airtags lol
They're expensive...
People are already starting to vote with their feet.
And think on their hands.
Have you? You moved out of Canada yet to find greener pastures that aren't tainted by capitalist inequality and social decline?
Huh? U.S. population growth in 2022 was 0.4%. Canada was 1.8%. . That's 450% higher!!!
Looks like more voting feet and coming in than out
I'm glad you discussed this because we don't normally hear it it on major news outlets however I've been getting a lot of infos from quite a number of canadians who are unsatisfied with the direction the country is headed.
I'm a little confused by the ending of the video. The current regime is not seen as "business friendly" while 90% of the video is bashing (rightfully) Canadian government for not protecting consumers against predatory business mergers and consolidation? Also hiding crisis is because of single family zoning houses. Open it up to mixed zoning and build more duplexes and condominiums to ease the pressure.