Close Reading

For me, I live in Vancouver, but when I'm done college, I'm hoping to find a job in Seattle and immigrate there. They recently opened up a Pokemon HQ there, Nintendo's hiring, Seattle's the HQ of Bungie, the maker of the Destiny games and much more! I feel like it's easier to find a job in the US than in Canada. In fact, my college instructor said so. There's more jobs there than in this small town. I'm heading towards SFU and I'm hoping to land a few coops, including one in Seattle to see if I like it there. And no, I do not care about healthcare, mass shootings or politics. The chances of you randomly being shot is about the same as getting ran over by a car. For healthcare, it's usually provided by your employer. But otherwise, you can buy it yourself as there's many options to choose from. Some of them are really good, but people are just overgeneralizing everything. My hope is that employment will eventually lead to permanent residency. Then, I can go buy a house in Texas, Florida or Colorado where it's much cheaper than Vancouver

AS a Canadian who never lived IN Canada, easy to see WHY NOT to even consider it\nI can buy a nice condo in Brasil for $25,000 usd !\nIF an apto in Canada costs $250,000 (hard to find even at that price), that means I can buy 10 aptos in Brasil for the same amount of money !

I don't know if this is all true... I have been all over Canada province's and always treated like a celebrity, opening doors, compliments, and hospitality, especially in Edmonton, where I spent over a week at the biggest mall in the world. I know they don't like Asians with the biggest complaints of them taking over buying up all the land. I have tons of Canadian friends who have never treated me badly but respectfully.

Aint no one telling yall to stay in racial counties you or free to move at any time there no more chains ⛓️ holding you back unless if you or in slaved mentally ? than i would see the problem ⚠️ . With all these so called ? talking about getting the beg ??? that same ? move to Africa or the Caribbeans . But guess what Africa and the Caribbeans or colonized as well buy Chinese NOW . Importing plastic fruits and vegetables ?. China is squeezing the life out of Africa and Caribbeans they will end up like Sri Lanka ?? ? China fucked up Sri Lanka ? economy thats why Sri Lankans migrate to Canada every South Asian migrante lives in Toronto Ontario ?.\n\nAfrica and Caribbean need to beware of the china debt trap

There are so many more differences. Like there is no capital punishment in Canada, it is almost impossible to buy a handgun in Canada, Canada's head of state is the King, the metric system is mostly used in Canada, cannibis is legally sold in Canada, dental care is free for low income children under 18, abortions are totally legal in Canada, etc, etc

No Canada for me. Hopefully buy my own island

8:06 Exactly I'm a girl and even I dont understand why other girls buy those tiny bags. Like what is the benefit of it? Its so useless and a complete waste of money tbh. Anyways I'm so happy to see you vlogging again in Canada Shahveer. This brings so much nostalgia when you used to vlog before with wolf crew. Really missing those fun days

also off question OK if you go to Canada country OK and I buy vehicle over there then went I want to go back to my home country to visit friends and family member what will happen to the vehicle???????????thank you for help sorry for bad english

canada recently lbanned forgieners from buying homes...to FORCE THEM TO RENT

The sista is speaking nothing but facts! I made the mistake of buying a house 1hr east of Toronto. Let's just say the WS movement is strong! I will be moving closer to Toronto in 6 months. \n\nFor all the the POC who are suffering racism in Canada, all we can do is get our education, buy real estate, start businesses, get good paying careers. Also, suing is an option. All I hope, is for my child things are a little better.

I wish Canada did more R&D. We have the talent and brains to be innovative, yet so many of us go work in the oil & natural gas sector because it pays handsomely.\nAlso to live in the most scenic provinces like BC and Ontario is crazy expensive. We moved from AB to BC in 2009 which my parents bought their house for $550,000 that's situated 40km East of Vancouver, and today their house is valued at 1.4 million... almost 3 times the original purchase price in just over a decade. Now an adult, my wife and I were forced to move back to Alberta and leave our families because we simply cannot afford to rent there nor ever have an honest shot at saving enough money to buy our own place. It is what it is and I'm sure it's a common theme that's not only exclusive to Canada, but man, it does sucks. I'm happy for any immigrants to move here and call Canada their home too, but many are loaded with money and purchase numerous properties just to then rent it out at an absurd rate because they can. It's fueling the problem worst and making it unfair for the born & raised Canadians.

Oh, Canada has 7 large banks that do all the consumer lending. No wonder the banking sector is stable. Now, are loans available for investing in business? Nope. Canadian banks would rather buy money market funds in the USA and the USA take the Canadian savings and loan to an American who invests in Canada and takes the profits back to the USA and pays off the loan who pays off Canadian banks.

As a Canadian I can explain our problem: Our elected PM. He's absolutely gutted our energy sector and has made it clear the only economy that can function in Canada is Quebec & Ontario's economy, which accounts for government employees and white collar workers.\n\nThat's lead to Canadians moving to the US for work, home ownership, lower taxes, etc etc.\n\nCanadians that do stick around: Aren't interested in running a business, they tend to wind up working for the government for that stable income, and the only reliable way to get a good pension w/o managing your own finances.\n\nOur PM blames Canadians who own a house and a rental property rather than the thousands of foreigners who've been let in who buy 5+ properties to collect rental revenue.\n\nBusinesses won't invest in Canada anymore until there's certainty in our economy - And Trudeau ain't offering any guarantees besides wish washy threats to cut sectors.

I'm a Canadian living in the UK now. I love Canada with every piece of my heart but couldn't see myself ever being anything other than working poor there. I went to college but couldn't get a job in my field so had to take whatever minimum wage I could get, couldn't afford rent let alone buying a property so moved in with my parents and there isn't any support from the government for average citizens, only if you're an immigrant, disabled etc. I'm not against helping immigrants, disabled people or those that need it, just sucks that if you don't fall into certain categories it means you'll always struggle in your minimum wage job.\nLife in the UK isn't perfect but I was able to find a decent job here, the public transit is actually usable, phone plans and other bills/groceries tend to be cheaper and the working conditions are significantly better. Like I get 32 paid days off a year in my average job which is just wild to me! In Canada my sister who is a police officer only gets 15 days off a year and that's a lot compared to other people, like I never use to get any paid time off at my previous jobs. I miss parts of living in Canada but for the time being the UK is making my life a lot easier.

Immigration levels are causing the housing market boom. Colleges are paying the government of the day to keep immigration laws lenient as this would encourage more international students. The result- the quality of people coming in this country has dramatically declined. The healthcare has been hit badly as the wait times can be months. Everyone wants to come to Ontario causing unemployment as immigrants work for less pay and ordinary Canadian can’t afford to work for that less. People keep on buying houses and renting it out and millennial can’t buy houses anymore. I don’t know how will canada feed all of us when AI takes our jobs. \nThe past 5-8 years of Trudeau has ruined my Canada.

I think this video is good overall, but downplays the potential severity of our housing crisis. It's not just a problem for renters. Rapid expansion in finance and real estate are only a good thing if they are backed up by real growth, otherwise it's just a bubble that puts the entire national economy at risk. In Canada, it's got many characteristics of a bubble that will crash during an interest rate rise or economic crisis.\n\nAlso income inequality is not the whole story. Wealth inequality has been rising rapidly in Canada and is made worse by rapidly rising rents and inflation. Owning a home outright or with a smaller mortgage means spending less of your income on housing in Canada's current system, so even at the same income level homeowners are dramatically better off than renters and renters have noticed. It's one thing to point at some graphs of the Gini index and say inequality isn't that bad, but that's not good enough when regular people see homeowners buying fancy cars and taking lavish vacations while renters scrape by.\n\nFurthermore, you pretty much ignored the demographic concerns in Canada. We have an aging population, which means we either need high immigration that worsens the housing crisis or higher taxes to pay for growing healthcare and pension costs. Neither option is good and both paths lead to increases political and economic instability. Demographics is one of the main reasons the OECD has a poor outlook on growth in the long term.

The issue with canada is it is a consumer economy not a manufacturing economy. For all its similarities and problems the US is still a manufacturing economy. We can't afford to buy what little is produced in canada so we buy chinese or mexican instead since its cheaper. I work in the auto industry and the parts we make are put into cars that are then sold to americans. We aren't paid enough to afford the cars we make parts for and the excuse is always that our pay is on par with the other plants in the area. The other huge issue is liberal socialist economic and environmental policy is crippling industry and the economy as a whole. I mean what can you expect from a PM that is a failed drama teacher and a deputy PM/finance minister that is a fail journalist? The rest of the ministers are equally inexperienced when it comes to their government responsibilities.

Biggest Import of Canada is Immigrants and what they need first is housing. And boom easy business for people with money buying houses.

If this video wasn't about Canada you could very well believe that this video was about Australia. We are pretty much the same. There are too many selfish idiots in this country who want to get rich quick through property investing. As a result of this everyone is mortgaged up to their eyeballs in debt. People think that owning investment properties means you're some sort of god. If we didn't have any resources our entire economy would be focussed on building homes. The thing is, the houses that builders build in this country are terrible. They don't insulate well, the materials used are crap, the workmanship is poor. People on average now take out mortgages 6-7x their income. To keep property booming we open the floodgates for immigrants. The societal landscape of our country is changing for the worse. Looking around Melbourne and Sydney, most people are either Chinese or Indian now. These people run away from their countries (which they think are crap compared to the West) and then they buy houses here resulting in people born in Australia losing out.\n\nThe entire thing is a god damn ponzi scheme.

Canada still uses 70s and 80s mentality when operating the country.\nImmigration is important, but is managed extremely poorly. Many new migrants struggle to find a home and to get the proper documents to establish themselves, like the rest of us.\nCanada allowed foreign buyers to buy properties and lands, which have driven the housing market to an insane level we see today. Canadians have to go into debt just to have a roof.\nThe current government spend too much time/money trying to look morally correct than actually doing his freaking job to balance the economy. I don't understand why Toronto and Montreal still vote for that drama teacher who is as horrendous as his father was in the 1980s. Now all we have as an alternative is a neanderthal from the conservative party.

Buying a Canadian made or assembled car in Canada will cost you more than the same Canadian assembled car purchase in US even when the dallors are in par by 30-35% more.

As a Canadian that works closely with the government, the other issues that the tax rate in Canada is very high. Even you get a good paying job or a profitable business, a significant portion of your paycheck/profits goes to the government. There is also a lot of bureaucratic and legislative hurdles to overcome and too little incentives when trying to start or develop a business. For example, to build a high density residential building, it takes around 1 - 2 years of planning and studies, then another year to get all the permits and government paperwork, then 2 years of construction. It takes around 5 years to build a new residential building. Canada's housing affordability problem is not just simply cause by people willing to buy property, it is also cause by a significant shortage of housing supply due to all these regulations and hurdles. If you can't find affordable housing and your income is also heavily tax, a lot Canadians will go south to the US where things are a lot more affordable.

The golden age in Canada is gone. I graduated from a good university with a well paying profession and I’m jumping ship to move to China in September. It just doesnt make any sense to live in Canada anymore. I cant buy a home unless its in a province that is FREEZING. Thats not the life I want to live and there will be many more like me leaving Canada due to unaffordable housing. Canada has a very grim outlook and I wont be a part of it.

Imagine having an economy based so heavily on housing...it cannot possibly be sustainable. The fact that nobody wants to live outside of Toronto, MTL, Vancouver or other big cities doesn't help. The only reason people buy houses in places like Barrie or Hamilton is because they can no longer afford anything in Toronto or the immediate suburbs. \n\nThe future of Canada is 5 giant mega-metropolises, with undeveloped wilderness everywhere else.

big problem with the housing is also trudeau taking in so many immigrants and refugees before having enough available housing for everybody. I think they were taking in 200k people a year. while we need atleast 1million new houses within the next 10 years in order to supply enough to the population. There was also an issue with forieign purchases where people from other countries were buying houses in canada and nobody living in them. Trudeaus votes comes from majority indian people and arabic since thats a lot of the population in canada, and to win those votes and get more hes friendly with them accepting a lot of immigrants from those countries, its not a bad thing since a lot are very well educated and their peaceful people for the most part, but the problem is there isn't enough housing. Even renting has become competitive , owning is near impossible without help. Trudeau really messed up the country, houses are riduclously expensive and they often go into bidding wars if in a good area, banks interest rates keep going up now, loans are harder to take out, sadly we need to limit the amount of immigrants that come into the country until the right number of houses are built in the country, if anything new and major cities need ot be build in other locations with jobs in order to get more people spread out around the provinces. Once there is enough houses and jobs i believe the doors should be open to whomever wishes to come (obviously with a background check) but until then there should be a limit so the houses stop going up.

In the 1960s in Canada we could buy a house for 1-3x the average household income despite most women being housewives. Since then the population of the country has doubled due to immigration and it now costs 6-8x the average household income to buy a home, despite that fact that barely any women are housewives anymore. But I guess its okay because we have iPads now.

Why invest in a business when a literal doofus can just buy home and land and make many of my relatives made fortunes from “land trade”. \nReal estate and all its related jobs (agents, construction workers) is where a lot of Canadians work.\nAnd cooling the real estate market will affect a ton of those workers. \nAlthough a lot of this actually ignores one of the biggest issues. Our geography.\nSo much of Canada is cold and just an overall annoying place to live in that it’s simply less attractive for anyone to want to set up anything here.\nIt’s big, but a lot of useless land.

Canada like Russia and Australia suffer from the Dutch disease. Mining and agricultural assets should be taxed and the money used to diversify the economy housing should cease to be an asset class and become a choice between renting or buying.

It seems that Canada is not a successful and prosperous country. It has become almost impossible to buy a house by working. it takes millions of immigrants but there are already millions of unemployed in the country, do they take so many immigrants to fill the empty lands, yes, but immigrants are not filling materials

As a Canadian myself living in this country for over 30 years... the problem here is that Canada have a diversed industry but because the country itself is so small (population wise) that none of these industries reached economies of scale. While Canada has regions rich with natural resources, all they do is extracted it, sell it to U.S. and then buy the producted that was produced by these raw materials back at a higher cost. The political structure of Canada doesn't help either: Each region essencially specialized in a few industries (Alberta Oil, Ontario Finance, the Alantic provice's fisheries and oil refineries) and there's equalization payment... meaning if one province is doing well... they don't get to reinvest it back into its infrastructure but rather have to spread some of the excess revenue to other failing provinces... this doesn't incentized productivity but rather leads to a race to the bottom where provinces would want to spend their way to get some of that equalization payment money. Also the provinces themselves doesn't have a unifying economic agenda... Alberta's oil could be best served to be refined out east and then shipped but British Columbia doesn't want pipelines and oil shipping facilities on their coastline... and Quebec isn't interested in having a pipeline either so there's nowhere by the oil but to go down to the states. Finally the province of Quebec( which is french speaking and have their own culture and language) isn't interested in the overall prosperity of Canada at all but rather to extract as much special privilages, rights, and money from the Federal government... and even to declare independance from the Rest of Canada.

I emigrated to Canada in 2020 and I like to live here but I plan to relocate to US in this year. And there is only one reason for that - real estate. It is literally impossible to buy a house in Greater Toronto Area where you need at least 1 million to buy something decent.

The Canadian government has screwed this country for decades!! And the massive flood of immigrants is screwing millions of Canadians. And the extreme lack of housing to buy or rent is a absolute joke!!!! \nFamilies that have lived in the same house and neighborhood for 30-40-50 years are having to sell their houses and move to a different city or even to a different province! This Country hasn’t been Canada or Looked like Canada in a decades . ☠️

slumlords in canada buying more houses and renting out for more money !!

As an immigrant in Canada I would never reinvest the money I get here. I rather put it into US stocks or buy property outside the country. It’s impossible buy here and don’t be fooled it’s not because of immigration but lack of new housing and building permits.

Canada’s biggest problem is it’s socialistic policies of the Liberal governments. Don’t confuse things: social programs like education and healthcare are not an exclusive marker of socialism. The balance of government interference in the economy IS. Nobody in their right mind would start a business in Canada today. \n\nSecondly, running a business means buy and resell, manufacture and sell leaving a profit. But the business of running Canada is losing money. The formula of running the country doesn’t work. We go deeper into debt every year, now to the point where it’s impossible to grow out of debt. As we allow massive immigration to counteract an aging, non-productive population, because of that negative formula, we just keep going deeper and deeper into debt. But it seems that most Canadians want that because we keep voting in the ‘robbers’. It’s time for Canadians to understand that soon a death tax will come in where all your asset value in taxes will go to the government. But that’s coming and is the only way for the government to pay down its debt.

I think the one thing wrong in this video is I don’t believe Canadian’s would rather spend more on living then elsewhere. The cost of housing takes up most income and therefore can’t invest it… not much of an option. For example a dumpy house in Canada costing more then a castle in Poland (not joking).\nI get the importance of Immigration but come on man… i just wana buy a home lol.

whole country is screwed cuz they allowed foreign investors to buy everything up then hold our economy at gunpoint... it's essentially economic terrorism.\n\nlike. you know why canada produces less cars now? probably has something to do with all the american owned factories in canada just deciding they don't want to invest in canada anymore and closing their factories.

Canada is a super expensive country, I've been here for 30 years and still renting houses, unable to save for a downpayment to buy my own house, paying rent forever with my husband and not being able to afford to have kids either. This country is depressing, you go to college and then work and have nothing. Canada is not a happy country, people are broke, paying too many taxes and not getting the proper services, there is a shortage of family doctors in Canada. Also paying too much for rent and gas. The socialist government makes things harder year by year, they don't develop the economy to keep up with the times, the liberal government has a lot to do with the crappy economy here. They create policies to make everything extremely hard for Canadians to succeed. If you are thinking of coming to Canada, think twice, it's a trap, it will take you years to be able to afford anything, you will struggle most of your life.

Yeah, I've been talking to a Canadian over discord for almost 2 years now trying to learn more about the country and what he told me was shocking. Canadian make about 25% less and pay 33% more in taxes then American and somehow a house in the middle of goddamn nowhere cost as much as a house in Portland. If you live in NYC, SF, or LA yeah you can forget about buying a house but its not like in America housing is unaffordable everywhere like in Canada. In Texas, you can get a big beautiful house for 300k, the catch being that real estate taxes is really high and you still be paying that even after the mortgage been paid off. Florida is affordable but hurricanes, Cleveland is really cheap despite a good reputation, and a house in the rural areas is easily under 100k. Canada pretty much have no houses under 300k which is made worse by the fact that they make less, taxed more, investment is harder + more expensive, and it actually hard to establish credit because they don't have looser standard like in the US.

Canada is a real estate banana republic. Real estate is an unproductive asset to the general economy. It's dependent on low borrowing rates which encourages asset price inflation and the exploitation of those who are unwilling to participate or those unable to afford barriers to entry. This perpetual cycle of borrowing, buying and exploiting, has its upper limitations. Eventually everyone loses as debts are insurmountable and rent becomes unaffordable. When a recession occurs due to lack of spending, job losses will occur and a deleveraging will be soon to follow.

100% with you. It’s the liberal government and especially CBC and other media that are pushing a far left ideology. It’s destroying everything that make the country work.\nThe taxing rate is destroying the economy. You are left with half your income, out of that you get taxed 15% on expense and if you buy expert (plumber, carpenter) they too loose half of it. This is destroying the productive free economy. It’s at a point it might collapse.\n\nIf we want to save Canada we have to vote conservative and return to the value that work, freedom, low taxes, small government.

Miserable situation,\nYou talk about a country that never or barely accepted Quebec because of the language barriere despite Quebec being the oldest 400+ years old province/city in Canada.\nEven born and raised in Montreal and 100% Canadian will get you in arguments for that alone.\nLook at karma now,\nNow Mandarin and Punjabi are more official than French.\nNever saw the Indians buying everything and getting janitor jobs until they become manager then hiring only Indians,\nLive in Vancouver and lease a land in Kelowna and Indians are the biggest now.\nThey are invading Vernon now more and more.\nLets see in 10 years from now,

it's ok 85% of them just continue on to Canada. Both out countries are drowning FAST... Today Ontario alone announced plans to set into action to build 1.8 BILLION new homes. Who can afford to live in them because anyone living here CANNOT. Average rent for a Average house is 3500.00 per month plus water, gas, and hydro. To buy they want 20% down and Average price is 1million for a starter home. \nWorld wide we have a MAJOR issue we ALL have to get rid of the evilness with in and make the world rigorous and good again. We the PEOPLE hold the power.

Canada eyeing all the new labor and not speaking about the law preventing foreigners from buying property and not recognizing foreign education.

Canada also silent about new law preventing foreigners from buying a home for 2 years. Joke of a country that only exists because their main cities literally piggyback the U.S.

entered canada can get free housing and healthcare if they managed to get refugee status, refugees are nowadays better off than normal canadians, at least refugees dont pay rents or buy a home,

Canada is no good anymore, specially nowdays people just going somewhere else or choosing between to pay rent or buy grocries plus to park a car on the streets in front where we live you have to pay nowdays, this is so ridiculous and insane, this country is too much, its not for humans being anymore, goverment dont care at all. Still work so hard or overtime they take all your money, they just want to keep us like a modern slavery 2023

You Canada people want help them buy them a plane ticket back home

Where can I buy a ticket to Canada?

Justin Trudeau has destroyed the housing market in Canada! No one could afford a house, or even to rent a house, or an apartment, or to buy groceries or gasoline for their vehicles to go to work! Canada is in the worst shape that I’ve ever seen in my entire 60 years of life