Close Reading

You cannot just open a business and expect everything will go well. Obviously investors will invest where the return is better.

Canadas biggest problem is over relliance on US. If they allow themselves to trade with Asia it would be beneficial. Not only that if they stop being US bitch and let Chinese businesses in it might help them. They are playing a game where they will always loose. Canada need policies that incentivize investment from outside. Making Vancouver a tax haven (not for residential property but investments in business) if you invest in business you wont get taxed or taxes are competitively lower, something like ireland and give incentives for startups. 0% tax on startups and keeping low and competitive tax for local industry even later on would help. Vancouver has potential to become something like Singapore or Hong Kong. As of right now Canada has all the policies that discourage investment.

People dislike housing being an investment but it's a good one because no one builds enough houses so supply is always restricted. Build more and prices will go down it just seems so obvious

Canada needs to put crazy amount of tax for owning a second+ properties for individuals and corporations in a way that it is no longer worth to purchase real estate for investment. You'll see how quickly people will start investing in businesses, stock market, etc quickly

Very much informative video. But I have a request if u can make videos related to wages and how to save the money in Canada or proper investment

Huh what happened in canada in 2015 to cause business investments to plummet like that?

This is very surface-level analysis. If you want to dive into why Canada's economy is so uncompetitive you have to look at its constitutional framework. Inter-provincial trade is more difficult in Canada compared to Trade in the states or the EU because NAFTA, and the EU trade agreement are more efficient compared to inter-provincial trade frameworks the senate estimates these barriers cost the economy $150b in GDP per year. By comparison, Australia with a similar constitutional structure to Canada managed to harmonize many of its inter-state/ territory regulations leading to increased GDP growth and has long outperformed the Canadian economy. Furthermore, Canada's indigenous rights framework is far to restrictive in terms of allowing the governments to actually govern. This has cost us billions in FDI in projects tossed out by the courts and projects that will simply never be considered due to political and regulatory risks. \n\nThat said, if Canada wanted to improve this situation without meddling in the constitution one thing they can do is to allow housing to catch up to the population. We have the fewest number of dwelling per capita in the G7 in the highest population growth in the G7. This is a recipe for a housing shortage which ensures that a lot of capital will flow into the housing sector simply because it offers promising returns relative to the risk of operating a business. I believe Canada grew by over 1,000,000 residents in 2022 however we had 240,000 housing starts (4 residents per dwelling) and average house size here is 2.51 residents per dwelling. \n\nThat disconnect between housing starts (see regulatory framework above as to why we can't build enough houses) will just cause more capital to flow to the sectors making the business investment environment worse.

Avoid debt. Cut cost.I feel exceptionally lucky I started investing in my early 40s and compounded my income to create more cash flow. Major thanks to Trisha Jean Webb my F.A , I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly stocks, bonds and high yield dividend funds. she is super helpful to a lot of beginners out there.

This is so relatable. I was earning 60k CAD in Vancouver, living in an one bedroom condo and had no investment. Then I moved to Seattle (3 hours from Vancouver), now making 170k USD, owning two real-estate properties. I don't want to move back to Canada anymore, because the life there is very expensive, why do I pay so much tax and still can not have a decent life?

More business investments to Canada not more immigrants

American companies also invest in wealth extraction from older Canadians with these horrid & putrid multi-story rental units in formerly single-family home neighborhoods. Each one of these 15 floor buildings stick out like a tumor among the houses and are just there to suck Canadian pensions into American pockets.

I already knew that Canada had a lot of in common with Australia but this an another thing we have in common. We're not as entrepreneurial and innovative as the US but we have a resources economy and people tend to invest in property (because it's a safe investment).\n\nI would still much rather live in Australia or Canada than the US though. Universal health care, for example.

I dare everyone to go take a look at a bunch of data from GDP per capita, Crime, Business investment to immigration...you'll see a massive inflection point from 2015 on... anyone what to guess who came into power in 2015...what a disaster.

Imagine if the red tape was cut and infrastructure and projects could get build without all the government regulations. Money will not be invested in Canada until the government gets out of the way.

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.

while I agree with a lot of this video theres one crucial aspect this video neglects and same with the commenters here.. POPULATION. \n\nCompared to countries like denmark, sweden, japan, france, uk, etc. we have a much bigger country to maintain landmass wise. Infrastructure. USA is similar but they have 10x the population as us. Our population in canada is pathetic. Problem is everyone stays in ontario or BC which is stupid, im in sask I want population. Another thing about infrastructure is our climate. We have such drastic events in our climate across our huge country that takes a toll. Climate problems with our low population is not a good thing. I mean most people outside canada and even within Canada dont believe me but Saskatchewan goes from like -45 to +45C with windchill/humidex. Our forests are on fire often, that is not normal. That costs so much money to fix as well. In summer sometimes, Nunavut or NWT will be warmer then here, we talk about it here when it happens. Think about that. Weather is HUGE in saskatchewan. We talk about weather daily. I never realized until internationals pointed that out that we are obsessed with weather in sask lol. \n\n Our housing market is a joke and I agree we need to invest more in buisnesses but at the same time we need affordable housing, we are in a weird spot. As far as working etc goes people commenting here lol the golden years of the 80s are gone old timers, my parents realize this that you guys were spoiled in one of the greatest time periods in human history - post WWII boom and the effects. I could go on and on how the 70s-90s were one of the best time periods in modern history for various reasons but I wont. There are problems internationally, we live in a globalist world. We still have it good. Go travel and make international friends. This is nothing that we are dealing with at the moment. All I will say though is leave the huge metropolitans like Toronto and Vancouver. Everyone wants to go there because they think 'theres more opportunity' ugh. Theres opportunity across canada but if everyone things like that there will be problems. The idea of Ontario or BC is just a big nope for me (although I go to BC every couple years, love it there I would not want to live there).

One of the finest methods to gain financial independence is by investing. There are numerous obstacles you must overcome as a beginning. It's challenging to know where to begin. My life has been completely changed by trading on the forex market. At one time, I was on the verge of giving up on cryptocurrencies, but not before hiring an experienced trader, Dexter Charron, to handle my trading. I earned more money than I ever dreamed possible. ><

Instead of investing Canadian taxpayers money into making Canada grow and a better place to live the government is too busy stuffing it into their pockets as well as their friends and families! Canadians need to clean out all the corruption in government, courts, military, police, science, education and the list goes on!

The problem with Canada is that the entire economy consists of passing property deeds around. Nobody wants to invest in such an unfriendly business environment. There's no competition in so many sectors of Canadian society. Life is difficult and hopeless for many Canadians.

The brain drain part really struck a cord with me. Canada spent tens of thousands of dollars subsidizing my education only for me to leave in my mid 20s to seek better opportunities in the US and get away from their housing crisis. I tried to stay in Canada but even the top companies had vastly lower pay compared to what I could find in the US relative to the cost of living. The biggest difference I've noticed living in Canada and the US is in Canada the smartest people I know are investing in unproductive real estate and in the US they are hustling to start/grow STEM startups. In my view, the worsening housing crisis in Canada will only exacerbate some of these stats in the coming years.

I would add that because of the lack of investment in businesses and an open immigration policy while over-prioritizing Canadian only experience there is a huge underemployment problem especially amongst highly skilled and experienced immigrants who would mainly wait to get the Canadian passport and move down south to the US where evaluations of international experience is more objective. Lots of low to medium skilled jobs. Dear Canada, I say this as an immigrant, if you don’t have enough high skilled jobs don’t open your borders or make it clear you want low skilled immigrants. That said, Canada is great country with minimal crime and is fairly equal. Problem is, it’s hard to get out of the rat race here.

I will forever be indebted to you you've changed my whole life contiune to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment thanks so much Mrs Pamela Willett

Canada has problems that hamstrings the economy. Government deficits and debt and secondly real estate prices and real estate as an investment.

We have doctors working as nurses, engineers working as waiters, and PhD holders working as labour. Our economy isn’t focused on producing quality jobs for our people and the people we are bringing in are of the same caliber (study wise) as the people we have grow up here, yet we don’t invest in research and development. \nI wanna move to the US and so does everyone I know because we used to swallow the tougher economic conditions just for the fact that we were safe, we can’t get that anymore, what’s the point?

Must be just a coincidence that global competitiveness and business investment took a nosedive since Trudeau was elected ?

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

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.

We have a leader who seems to be deeply invested in shutting down our oil and gas industry. He shut down oil and gas. Which put hundreds of people out of work. Then he slapped us with a carbon tax. He told us the carbon tax dollars would be invested toward producing green energy projects and manufacturing jobs. So far, the Carbon tax went up again, he banned plastic straws, he’s hitting our farmers with heavy restrictions on fertilizer, because it’s not green enough. \nMany of our indigenous communities have been living for years with contaminated water. He promised he was going to ensure the indigenous communities have access to clean drinking water. He has not fulfilled that promise. \nHe’s bidding $30 billion dollars to hopefully sign a deal to manufacture electric car batteries for Volkswagen. \nHe’s investing in other projects, as well. Unfortunately, he’s only investing in eastern provinces. \nSo far, there has been no investments in western provinces yet. Many of the out of work oil and gas workers in Alberta, Saskatchewan and Manitoba are still waiting on the jobs they were promised. \nLow wages, high inflation, high taxes and high income housing is bringing a lot of us to our knees. \nOur leader is corrupt. It seems like every week there is another corrupt scandal he and his government are involved in. \nI can’t speak for every Canadian, but I can say with absolute certainty that a large number of us are sick and tired of our current leader. Most of us live with the hope that if our leader can get voted out. Canada may have a chance to go back to the way our beautiful country used to be.

Who wantto have a country like the US.... As a canadian, I'm more scared of being your neightboor than scared about foreign investment... Keep your inequal sociaey for you...

Point to every theory for high real estate prices except for the fact the entire world’s rich uses our property as an investment scam. This while the working class slowly get pushed into new age serfdom with insane property taxation increases. It’s terrible that the media seems to only work for the oligarch narrative these days. The Canadian youth need to wake up.

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.

It’s easier to move than invest in Canada

LOLOLOLOL RIIIIIIGHT i live in Canada is not stable our economy is it the toilet and we have a prim-minster that admires China's basic dictatorship In short Canada is corrupt to the core and our political system is is shambles. SO please stop with this propaganda NONSENSE and tell some truth about Canada. DO not invest in this country. Oh and could you please send me some of what you are smoking

As a resident of Quebec, I had invest massively in 2003 in robotic, automation and numerisation of our manufacturing facility with almost no employees.\nI can produce any kind of component and turn arround less than 1/2 hours of set up.......\n\nOur data base is so huge, I can reapeat order from last 20 years..in less than 1 minute.....\n\nI will say......we are 100% R&D each day...we design...produce...and ship....material dosen't exist......only in imaginary....we bring it to life

Also, as a Canadian I would never invest in Canada

Totally agree. More business investments is much needed in Canada.

Canada's strengths are it's 10 million sq/km of resources. Canada is afraid to extract resources because the green agenda has hijacked Canadian politics.\nIf Canada extracted and processed more resources of more types it could build an ecosystem of low cost/high quality inputs that would attract billions in industrial investments.

We are taxed so heavily that I struggle to invest in my company, and the banking and government business support is severely lacking ☹️

$57/h value per hour are mostly white Canadians not the immigrants and colored people. Immigrants are making huge mistakes by coming here in Canada and living their good jobs back home. If US today stop investing in Canadian market, the Canada would become like Eastern European countries or may be South American countries. In Canada same goes for jobs. If local government post a job for cleaner then they ask some post secondary education???. Not worth to live here very expensive country. Only people having a good time here are government employees and politicians.

Meh, vanilla analysis that circles around important points but fails to make inightful critiques:\n\nA. “Canadian productivity lags . . . the economy is less productive and innovate than America’s . . . less competitive . . . less capital . . .”, and then finally “banks are prudent, well regulated, and untroubled by excessive competition”!!! Yep, just put it together: Canadian banks (and government policies) have comfortably sedated the economy and populace.\n\nB. 00:09:00 “The fact is, Canada’s dependence on natural resources for economic growth has discouraged investment in other sectors”. Total rubbish! Canada discourages investment generally. Success in natural resources - despite government policy and cultural biases AGAINST them - does not hinder economic development elsewhere. The banks, governments, and degenerate academics in Canada do such a good job screwing everything over that the ambitious leave, thus, as the video observed, the “brain drain” south. You know what’s ONLY thing that cannot leave Canada for the USA? Natural resources!! That’s why natural resource companies endure in Canada, because they have no choice.

I invested in my small business rather than real estate, figuring I'd buy a home later. Those that simply bought homes (~11-12 years ago) got way more equity.

The amount of money we spend on this border each year could be invested in to their country so they want to stay there

If only we had invested in the Americas instead of China. We would not have this problem.

Investors should invest in fastracking the upgrade of Airbus 380 and Boeing 737 models to attachable and detachable mobile wheel chairs(ejectable) with parachute sealed with smart glass technology from Research Frontiers Inc. for onward years 2023 A.D models for safety of passengers.

The violence in their Countries is created by guns proudly made in the USA .. so the us should invest more in stopping the guns trafficking

Poor poor immigrants all they want is a better life. Open your heart and help them. Its an investment, it will cost 10-30 years but later you will be gaining on this. These are all women and young children

America' is too invested in the support of Isreals ,they can't see straight simply cowards running the country this is nothing too them. Sorry to fellow Human beings ?

Seems like Texas should invest the millions of dollars they spent bussing migrants around, in their own border security. Much cheaper

Invest time or money in immigration reform