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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.

I work for the provincial government (Ontario)\nI'm single but even though I have a good paying job, it's nearly impossible due to the crazy prices houses are (though now starting to cool off) and the high interest rate.

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.

As an immigrant to Canada who's built a successful business here, I do feel the urge to defend Canada when I see these sorts of videos.\n\nThings are hard right now - inflation is really crippling and I don't know how the housing prices are still holding up despite rising interest rates. I also agree the red tape is absolutely bonkers.\n\nThe country needs to develop more of a pro-business mentality. Everywhere I look, people are complaining about not having a good job but no one wants to put up their hand to start a business to create those jobs.\n\nBut, man, is it beautiful living in the Rocky Mountains. It's a peaceful, open-minded nation and the day I finally get my citizenship will be a very proud day for me.

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.

Despite our flaws, we rate as one of the best countries to live in, year after year. Makes you wonder what it's like elsewhere.

The difference is the quality of life in Canada is ranked by multiple organizations as significantly better than in the US. Better Education, Public Healthcare, and a strong economy mean less stress. Health Insurance in the US is hugely expensive. Incomes may be higher in the US, but so are things like the Health insurance, prescriptions etc. Canada has fewer bankruptcies if someone gets sick, and better social benefits for things like maternity leave... We don't have the huge population, but we also don't have many of the huge problems, like large racial conflicts, high crime rates, gun violence and economic discrepancies... And let's not even mention the vast political polarization in the US fed by disinformation and a free-for all social network where 'truth' long ago became not important, whereas winning is everything. Even if a former president needs to organize an attack on Congress... Overall Canada is a more desirable place to live.

Exchange rate kya hota he ? \nOr kab lgta ha

Canada is going down the hill slow and steady Id say it used to be great but canadians are the easies ppl to take advantage off, unlike france where they stand up for thier rights canadians r ok with paying for whatever, we have some of the highest data rate, internet, rent, grocery you name it we got it.

The problem with Canada is the high immigration rate overwhelming all infrastructure including housing and health care and keeping the construction ponzi scheme going - occupying far too much of the economy.

You forgot to mention that British Columbia has the highest poverty rate at 13.3%. Another reason why it's only at #4.

What we are seeing global inflation. I saw it in the news that most countries are all competing for parts, products, food etc. Even nations that managed their rates better are seeing major issues. The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role. Add to this pandemic-related staffing issues, Russia-Ukraine Conflict and the intentional global oil supply problems and its a nightmare.

I gave up on working in Canada. With a marginal income tax rate of 53%, generating (self)employment income isn't worth it. So I have switched to only passive income streams. I have other highly educated friends who have vastly scaled back their active work activity in Canada, or who have moved to the United States, due to the immense taxes on employment income in Canada. Not only do Americans make more money, but there are many states with no state income tax, which also equates to much higher take home pay. My wife and I have already laid the groundwork for a move to Florida, with the purchase of a home in that state.

In Canada we have issues with small businesses funds. We lost alot of small businesses due to covid and they couldn’t afford to recover from the economic crisis. Banks refused to lend small businesses forced them to lend for third parties financial institutions with very high interest rates

I wanna live in America for a ‘better life’ but I’m scared of the country. Like legitimately I question if going there to pursue my dreams is worth the risk of: natural disasters, shootings and terrorist attacks to name a few. Idk where I’d live but I am not living in anywhere with a high crime rate bc I’m not looking to get mugged or shot ?

I pay 11.5% of my income directly to pensioners as a contract worker making less than 50K in 2023. At total tax rate of 26% all inclusive. I have to live at home, and I can't find a single job that isn't contract work, and I'm a designer who's worked with F500 companies. The best Canadian rate hourly is 30$, my American contracts have paid 135$ an hour. It's such a bad deal to be a Canadian millennial. Canada has two classes. The ruling pensioner elder class which makes up 60% of the country and everyone else that they've impoverished. Canada has poor pay, worsening living standards, extremely high white collar competition, few job prospects and a disintegrating social fabric. But somehow I think this is the story of the entire commonwealth right now. So that makes us no different, and I don't really believe the grass is greener among the G7 either.

Keep them out or all of us will be homeless. Already cost an arm and a leg to get some eggs. Inflation rates killing us. It's not a perfect world. Everyone can't have everything or we'll all have nothing

We need more workers, hence the mass Immigration. \nThe Unemployment rate has been at recorded lows for a long time now. \nGrowth booming from coast to coast.

10:03 Drop in Canadian auto production shows how effective Trump was when he renegotiated NAFTA and pretty much killed the Auto Pact. \nWith that decline in Auto production comes a decline in all the industry that supports the auto sector, steel, parts, services, etc.\nCanada cannot compete on labor, taxes or financing. But it can compete on energy and inputs. If Canada built out cheap hydro and offered very attractive power rates to industry, as well as built out resource refining (iron ore, oil/plastics/chemicals, rare earth, other metals, etc) industry would locate in Canada just to have the cheap input advantage.

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.

I would like to see an alaysis on germany's economical struggles since they will get really hard with their age structure. Their migration rates are ok, but it's not looking so good. The EU's economy is dependant on germany having a good economical outlook

They will enter america, and crime rates will increase..

The danger aspect of this is false, the city of Oshawa, Ontario, Canada (as of April 6th) has a murder rate 6.5 times higher than New York City's and it is also much higher than Atlanta's, keep in mind Atlanta and NYC both have gang wars going on currently (Oshawa, Ontario does not) and their murder rates are still much lower. Also, home invasions and break-ins are very common in Canada and drugs are also extremely common. Aba and Preach are both from extremely safe parts of Canada (Ottawa and Montreal). It is irresponsible to box Canada into one, especially when it could ruin lives.

Just what we need, more undocumented immigrants. They wont pay taxes. They will drive up the crime rate because they wont be able to get jobs. They will get free medical care while tax payers pay 200$ a week out of their check for health insurance. There is a process for becoming a citizen. Follow the process and the law.

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.

These people don’t realize how expensive housing in America is and how jobs are not matching the inflation rate . Even the average American is struggling with work, inflation and housing what made them think that they are gonna have it easy. They be watching too many American movies ?

USA destroyed Venezuelas economy with sanction, after sanction. Their inflation rate is in the hundreds of thousands percent..can’t blame them for their mass exodus.

In some city's it's starting to get as bad as where some of these people came from. The murder rate in my city has gone up four hundred percent. Our country is in trouble

As this country’s crime rate soars out of control. Good job biden you fool

Maybe the US should just buy Mexico at this rate xd

Yall sound stupid asl saying thry should do that in their own country. Venezuela is fucked up because of US intervention. And the same could be said of Americans, we have been losing all our rights at record rates but no one in the US is uniting to fix it. Stop being judgmental clowns because you were lucky enough to be born within US border. Straight fucking idiots but what can u expect from Americans truly ignorant people

Having said the apartment is being monitored by CCTV but not true really the superintendent not only broke into my rented apartment at 164 Madison Avenue TNT and stole my stuff but also hit the floor at unit 205 repeatedly in midnites also (the landlord said without having he moved to another unit or else where) through my repeated complaints too to such low education bad and shameful attitudes ugliness types and nasty type the landlord also just ignored my complaints not to mention the policies also ignored these low worst class of such life assaults fierce impacts in Toronto! The broke in matters and life assult impacts were also ignored by unreasonable disgusting excuses or their own lies excuses must be so ridiculous even though I did not miss any rental payment though! Worthless of such in particular where I rented my living premises EVER! \n\nNo wonder the criminals rate is serious in Toronto the polices cannot avoid their mistakes too !

Nice comparison\nThat conversion rate from GBP to naira is real

Those senseless Democrats elected Mr Biden to welcome these illegal immigrants into USA USA have to pay price for choosing a wrong president and USA fake news don’t want to show these to us as it way bring down the Biden’s ratings

Countries are divided for a reason! Y'all mfs are alot of the reason our crime rate is so high. ILLEGALS!

The US will be a 3rd world dump soon enough at this rate. \nWe need to use deadly force to protect our borders when necessary.

Why they want in here so bad? Can’t buy houses especially with these rates… can’t get good job because greedy CEOs… where they going?

Over 300,000 homeless veterans wander the streets searching for food and shelter currently. Dying at an estimated rate of 22 a day due to self inflicted harm….the system in place to take care of them and provide comprehensive medical care is crippled and broken….every SINGLE ONE of these men and women has a head full of bad memories and experiences from defending their country in war (some missing limbs)….can’t hold a job and have trouble finding a job….NOONE is making substantial and reinforced efforts to care for these brave men and women. Yet, if you cross that border illegally you’re given shelter (free stay at 5star hotels in NYC sound nice)…comprehensive medical care…food stamps and even job placement for some. And in some cases, we’re providing that help to individuals who are simply making a pit stop between Mexico and Canada because it’s better for them there according to some. Frankly, we have enough issues that are swallowing us whole and need to focus on building up and caring for our own citizens and force stop mass migration, strongly enforce deportation as well as employing more case workers to help with legal immigration process. We spend all this money sending to Ukraine and yet here we are, cutting our own throats to save someone else’s hand. I have no issue with legal immigration and asylum but you need to go through the process like those before you. I know this is asking a lot but it IS possibly to make it work

There are no jobs and they can't find jobs can you imagine the crime rate and everything else that's going to rise gang crime rate

These are the same people who voted for and supported Chavez and Maduro. Venezuela and El Salvador are the two countries with the highest crime rates in the world.

This never happened in el paso, this actually happened in the border of Mexico and South America. I work CBP in el paso, this is FOX FAKE NEWS, ONCE AGAIN INSTILLING FEAR AND LYING TO THEIR LOYAL MANIPULATED VIEWERS FOR RATINGS $$$

There is a 5 million home shortage in this country. Illegals are making it worse. We need 1.5 million homes built each year just for population growth, fire, flood, tornados, hurricanes, old age. We have been under that for over a decade after the last housing crash which put builders out of business. Now, less builders, large housing deficit and high mortgage rates.

We need as many people as we can get here in the USA birth rate seems down. I don't understand ?

Despite this mess on the MEXICAN side of the border, El Paso is still one of the safest cities in the entire country. Our crime rates are very, very low.

Bro no more people please prices are high enough homeless rates are insane and housing is way to expensive. Like no

USA u r done... in 3 yrs at this rate.. u will be a 4TH world country... run by drug cartels.

Smh same ppl fuckn the country up raising the crime rate super hi like always

Nothing to see here. The borders secure says every Leftist. And I feel bad for them, but I feel worse for myself at times. I make a decent wage $26.50 an hour. Even at that rate it’s hard to keep a decent amount in the savings account.

Apartment complex building to become officially towers, rise buildings for mass of people to live in crime rate. Will it rise depression rise and we officially be back in 1982

In an effort to help all Canadians, the liberal government will be seizing properties from Canadians who have defaulted on their mortgages due to our ever increasing untethered spending, interest rate increases, tax increases and carbon theft to help house these illegal migrants the expense of our taxpayers. We will also be giving them a stipend of $2500 a week per person, per home that we will be withdrawing from our old age pension funds \n- Justin Trudeau, Probably