Close Reading

canada has been sold to realestate investors and their wheel greasers (the banks). all investments are going toward realestate investements and hardly anything toward technology. canadians need to look outside the box and create a new political party that is on the side of citizens and not investors. with current political system the impovrishment of canadian socitey will stay intact

It is very hard to point out all the negatives about Canada (at this time) without getting into politics, but I am looking forward to your video.\n\nCanada has changed over the last 10 years that it is unrecognizable. While many countries have changed due to global factors, many changes in Canada can be traced back to the policy issues and politics (all levels of gov but especially federal gov). That includes: 1) mass immigration (at a time when we have a housing crisis and most of ppl living here cannot afford a place (to buy or rent)), 2) crime - this is directly related to changes introduced by the federal liberals, 3) drugs - federal liberals again, 4) housing crisis - all levels of gov - most of people in Canada cannot afford a place to buy or rent - what kind of country are we???, 5) economy (GDP/capita has been decreasing for 2 yrs now, investment per worker has been stagnant or decreasing, productivity) - our economy is real estate, education and public sector, 6) deficit/fiscal irresponsibility - all levels of gov but federal liberals are exceptionally good at this. We are a mess.

My impression is that Canada has few opportunities for immigrants. They have to have local experience before they can get a job in their fields, but that creates a Catch-22 situation. Also, the Canadian economy is not doing too well, with low productivity, minimal investments in research and development, and an over-dependence on extractive industries and real estate. I think your family emigrated there at the right time, when Canada was at its best.

Anyone who buys property in a country that doesn't allow them to own it is making a massive mistake. Why would you buy an investment that you have no control over?

China is now like an old, rusty car, unsafe and a poor investment.

Using Trump as a stepping stone, Progressives used COVID as a lever to force BLM politics on everyone, and it was a complete failure. Drug enablement, defund the police, open borders, Universal Basic Income (Disguised as CERB)... they had no intention of bringing the economy back online, they wanted to move toward socialism and had no issue burning through tax payer money to get there. Paid off their friends, invested in imaginary solutions to imaginary problems, shutdown all the resource industries to save the planet... Drug addiciton, homelessness, poverty, police harrassment... in an attempt to solve the George Floyd problem, Trudeau has turned everyone in him.\nProgressive have no concept of supply chain management. The fact that Trudeau just won't step down because he believes he's morally superior than the 80% of the country that admits to disliking him just demonstrates how far they'll go to push what's best for us, whether we want it or not. \nThe entire federal Government is essentially in shambles and inoperable at this point. The only thing it accelerates at is covering up it's own crimes and creating propaganda.

I see alot of doom and gloom. But Canada is still one of the best countries to live in. Alot of Millenials and Gen Z think that becuase we are born in this country we are entitled to certain standards of living without sacrifice. You have to live below your means. You have to be willing to relocate to a part of Canada that may be looked down upon by others. You have to be willing to start at the ground floor of a company and work your way up ecrimimentally even if you\n just start out by cleaning toilets. Immigrants come to Canada without a dime to their name yet become millionaires through hardwork amd determination. You have to find a partner that is willing to sacifice too and stick with them through the ups and downs. Love and challenge your children to be better. Live below you means and invest the difference. You have to be patient this will not come over night but in decades and if you continually build little by little you will suceed. You can do it. Dont submit to stormy seas.

Never invest in rental property if you want a peaceful retirement. You're much better off with an IRA or annuity.

Our governments have created the conditions that are destroying the middle class. These conditions include inflation from printing money, investers buying up massive amounts of rental units, high taxes, and very poor government services.

I think it's good that we run this kind of story. Most landlords especially for condos like this one in Toronto, are owned by regular folks who still work a job and have budgets and families. They aren't greedy, they aren't big corporations; they're just people who bought investment properties and want to rent them out for a price. Canada needs landlords because not every can or even wants to buy real estate.\n\nWhen you see stories like this, which I think are outliers, they're good reminders that being a landlord is risky and income properties don't print money. It's also a reminder to good tenants (which are most tenants) that your landlord isn't being paranoid when they ask for references, proof of income, etc. They would rather scare you off then be saddled with a non-paying, non-leaving tenant (rare as they may be) and they don't know you (and you don't know them).

3rd generation here, I can retire next year as long as I leave Canada. If I remain, I will work until dead because it is so very expensive and getting more so under the cult of climate change. It pains me to witness what our governments have allowed to happen in our communities. Drug abuse is rampant, mental health is staggering, youth are medicated, gender confused and climate terrified. A homeless shelter for drug addicts is being built less than a 4 minute walk from my home which is in a seniors park....we will all be victimized by theft and vandalism. We are also divided thanks to trudeau who has labelled and categorized us so deeply he ran elections based on divisions. We are no longer the kind polite people we once were. Churches burning epitomizes the moral or lack of moral ground we live and act upon. So I am moving next year to central America, Panama most likely...I can afford to retire there, never need to heat my home nor worry trudeau is going to ban my furnace and my car. It saddens me to no end for I have grandchildren, 5 generations, of investment in this country.

He's right, he worked hard for his investment,i myself invested in a condo after saving up and i know where he's coming from. Sad.

It's incredible how people around the world, seem to forget that most countries had shut down for two years during the pandemic, costing countries billions, the issue is the grocery chains, the ongoing confict with Ukraine and Russia, among other countries, crime has spiked, I put part of the blame on the legal system, I do hope you will stay in Canada, beats the USA, which is headed into unknown direction, Canada has very little earthquakes, volcano eruptions, typhoon, hurricanes, although Canada has had the coldest winter on the planet, we as Canadians are in most part caring countries, I also put the blame on the premiers taking money from the federal government and investing in cons, our prime minister has faults, he takes the blame for most issues in Canada, but, he better than the alternative, not sure which country you are thinking about moving to, but take in consideration of the pros and cons of your potential move, the cost of living, health care, job, vehicles, rent, wage, best of luck in your future endeavours

Bad policies cause disinvestment i.e. selling property in Canada and investing outside. This leads to devaluation of Canadian dollar aka inflation. Canadians need to wake up and understand macro economics remember Argentina was also once one of the richest countries in the world.

Summary:-\n• Second home\n• Free health care\n• easy to get PR\n• open door immigration policy \n• 2nd largest country in the world \n• Canada population 3.89Cr\n• Temporary resident number reduce from 6.2% to 5%\n• 1/3 students settle to canada\n• International students contribute $22.3B to economy \n• students have to deposit $20000 as a guaranteed investment certificate \n• 1/3 are indians\n• cap on international students\n• in there, education is based on hands on training and experience \nHypocrisy 2 :-\n• by 2031, gov build 3.87M house\n• 5.1M demand \n• Avg house cost $7 Lakh (4.5 Cr)\n•$195000 less, loan ❎\n• 10% richest person quality for loan\n• British Columbia drugs legal, morphine, heroine,meth, cocaine, 18+ carry 2.5 gram allowed \n• 3% population used hard drugs \n• 21% drug addicted (6M)\n• publicly funded healthcare system 70% government, 30% private \n• Medicine, eyes treatment and dental treatment, physiotherapy is not covered

Germany created their own problem in their flawed, points-based model of their government pension system. It is like we are paying backwards, where our money earned right now is taken away from us to pay for the pensions of retired people who earned those rights to a government pension years or decades ago during their working lives. We are then given points, with the hope that the next generations one day pay for our own pensions. See the problem?\n\nInstead, people’s hard earned monthly payments towards pension could have instead have been invested for them into actively-managed portfolios of bonds, equities and commodities. Thereby, each and every person currently on pension could have enjoyed the benefits of decades of compounding growth!\n\nNow we are here, as the video says, 2 workers are needed to cover the pension of 1 retired person. This is absolutely absurd and they will never be able to attract 400,000 new skilled workers every year with the current issues highlighted in this video.\n\nMy best advice - when you are working in Germany, seriously think about it to save and invest a portion of your net income and prepare yourself for a future where you cannot solely rely on your German pension!

It is wrong not to pay rent when you agreed to it, but its also hard to feel sorry for people whose retirement plan centers around taking advantage of a housing crisis. Invest your money in businesses that produce something for society. One house is enough for me

Immigration isn't the problem. The biggest problem is foreign investment for the housing.

Germany should just open up the borders instead of investing in the citizens. That's what we're doing in Canada as well.

They need to invest into labour like Israel did. It costs to take in a bunch of unskilled adults with young kids and the kids will get education and contribute to the growth.

Investments in affordable housing will benefit.

Investment

Just goes to show that immigration is a problem. Skilled immigrants go away, with a direct loss on investment in education; unskilled immigrants remain and create social issues. So stop both and invest in local population.

Please calm down people , everything will be fine. Affordability is problem for everyone, also for students, they paid 3* more in fees (or invested in a way) compared to domestic students (facts) . They have done their part, it is the responsibility of people on higher positions to create infrastructure with that money for Canadians. These rich are not doing their part. Peace

My family came to Canada in the early 80s, invested over $200,000 for 3 businesses over 35 years, employing over 30 Canadians. That's what I thought immigration was, a contribution to Canada's growth in exchange for our citizenship. That Canada must gain something before I am allowed to live in this country. Apparently, that's no longer the case.

If western countries have not invested in infrastructure since the 1980's then isn't that the place to start before encouraging people to come. It looks like putting the cart before the horse. Its destined to fail. How do leaders not understand this?

Immigration and Migration are completely different. Immigrants have to invest their way in. Migrants just come in illegally or use loopholes to keep themselves in. First deal with Migrants then modify the immigration criteria

hahaha - welcome to Canada, the severe cold and a land of immigrants from Eastern Europe. Most a leaving anyway for Australia and NZ. Canada development has not kept pace. Affordable housing stock can be overcome and more infrastructure built. IF there are new approvals and investments. But, Canada economy has stalled.

This is a big reason why foreign investors don't want to invest in Canada anymore.

I worked in the gold industry and nobody ever bought any precious metal as an investment. It is one of the most foolish things you can do with your money. Where do you safe keep it? It earns no interest. And everyone sells it at a loss.

Should have just save the money in TFSA and invest, look at this headache. I don't know why people think buying an expensive condo to rent is a good thing, speculation on the equity rise in your condo. Well seems like condos are tanking and don't forget your capital gains tax when you sell.

Most ppl in the comments section were complaining about immigration. What they don't know is that there's a weak demand for investment in a country where companies expect a falling population of customers. If birth rates continue to fall down then the government will have no choice but to lure immigrants to boost population. It would be worse without immigrants as living standards would stagnate as the population gradually vanishes.

I think people are missing the big picture. Canada does not want private citizens to be property owners,and especially not landlords who are earning income from property ownership. The struggle around landlord rights is specifically targeted to discourage property investment. As Canada does so well, the punishment is the process. This will not change regardless of how many 5min news bites are published.

The problem in Canada is not immigrants, but greedy banks and companies turning the housing market into an investment portfolio.

This is insane! this is why housing shouldn't be an investment, or we follow what Singapour does.

If anything this video convinced me of never trying to start investing in real estate. \nNot that the insane housing prices helped either ?

Condo’s should not be sold as investment properties

The condos being built for PROFIT are the problem. These are not meant for lifetime Renters who are low income. Also, Blackface Trudeau DID THIS??. Instead of training OUR YOUTH and INVESTING in our youth. Canada has created a new version of poverty in Canada that is very similar to a 3rd world by flooding the country with 3rd mentality.

that is the reason I sold all my rental units, the stress and losses was going on for years. This system stinks to heaven\nand I'm in British Columbia and never invest another Penny in Canada

ontario is not landlord friendly. Invest in property in the US

people are confused. Immigration is Not the problem, accepting immigrants without money/ investment/skills is the problem. If u only accept highly educated individual or someone who can bring/invest a sum of money in your country, then immigration is a positive move considering the current population of most countries are declining with a lot of senior citizens.\n\nThe money these legal immigrants invested will help boost the economy of the host country, create jobs and etc.\n\nSolely blaming housing price because of the influx of immigration is not the whole picture, if the host country can establish a strict system of requirements for the immigrants to meet, and cap the number of immigrants per year, immigration can be a positive for the host country.\n\nAn army of Uber delivery immigrants will only pull the country productivity down because they need a place to stay and they cant contribute much to the society, thus, the housing price going up.

Unfortunately the claim of racism is what immediately shuts down any real discussion of this issue.\n\nThe fact of the matter is housing prices are FAR too high. And while there are certainly main contributors, one cannot simply ignore the area of supply and demand. Too many people looking for too few locations to live. It doesn't get more basic than that.\n\nThe PROBLEM is our economic growth numbers are DEPENDANT on immigration, and if we just cut immigration the numbers will plummet and foreign investment will tank. We'd dug this hole for ourselves by voting in leaders that rely on immigration to prop up what is fundamentally a very weak economy.

Pro report , \nLast word words was the true fact , the immigrants will benefit Canada but the government need to implement and invest more to organize the new population

Poor retirement investment

Real estate investing is risky business.

Sooo, the same story everywhere... insufficient infrastructure causes problems that people then combine with xenophobia to produce anti-immigration demands instead of asking for more housing or investment in health services, etc. Okay. Gotcha.

Every investment has a risk ..... get out of housing as an investment vehicle.

The problem is the government. The lack of regulation, the lack of investment.

For the past ten years all they built is condos for investment and no apartment for rent for the people ,my people we have to look very close to the people we put in power in every level of government in Canada.if we do not start now we will be in the same boat in the future. I would like to know how many past government officials that have invested into the housing market.then we will have a better knowledge on low income housing that are not being built.

It's pointless now to buy secondary residence. You got bad tenants who don't pay and you got government who charges you for capital gains. It's risky investment