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100% pick Toronto over Houston. I don't want to send my kids off to school worrying if they'll be shot. I don't want to go bankrupt if I get sick. I don't want to pay six figures to get a basic education.
The American school system is really showing it's value here, you don't even know the difference between VANCOUVER WASHINGTON and VANCOUVER BRITISH COLUMBIA. Go take a geography class, preferably one in Canada.
Canadian here - i know you focus on housing here but Canada has intense monopolistic practices in most regards and corporations push for regulatory practices to squash competition. 3 major Grocery store owners 2 cellphone service providers 5 major banks 5 Insurance companies It goes on and on. They are often caught even joining forces to squeeze more. Google bread fixing Canada. the more you look the worse it gets
This is the root of most of Canadian's problems on a daily basis. None of the party leaders are talking about it significantly because they're as owned by corporations as American politicians.
He didn't even talk about the "skilled" workers "shortage". I know so many people including myself that have been declined due to being overqualified only to see a "skilled" immigrant hired. No Canada has the skilled workers they just aren't hired.
By 2026, The government of Canada wants every single Canadian to have access to Internet. Right now it's at high 80 some % which is great! My wife is working in the department handling this, and the BIGGEST HURDLE is Bell Canada. They don't want to give cheap affordable wifi to Canadians.
One of the biggest problem with Canada's immigration policy is that companies are intentionally not hiring skilled and educated Canadians to justify bringing in tons of temporary foreign workers, flooding the market with cheap skilled labour. I got a degree in a highly desirable field with a good GPA. Haven't gotten a single offer for work in my field in over two years. Meanwhile, the government has allowed companies to bring in TFWs because demand "is not being met domestically."
Do like I did my friend, join the military, get your experience and move on. I graduated during 2009 with no job opportunity. Only option was the military. If you are not ready to make real sacrifices, you will not get anywhere.
Yeah hate the lies about "there's no workers". Yeah no, there's no workers willing to work part time on minimum wage in a Tim Hortons on the highway. If you don't afford to pay people well enough, you don't afford to be in business. Unfortunately both trudeau and Poliviere are pro corporation clowns and the only direction we can go is downhill
Canadian here. Work as an animator for large and established studio for 4 consecutive years. Suddenly the worked stopped (writer’s strike and post-Covid dry-spell) and everyone was laid off. Found odd animation jobs here and there. It’s been about 1.5 years like this and my original job still has NO work. Most of my colleagues haven’t found a job in animation since the big lay off. I currently ended my last animation gig and now I make $0 a year. Praying for a miracle right now.
Also Canadian, I graduated from my animation course slightly after the wave of covid panic hiring. Sent applications to studios from 2021-2023, never got a single response, much less an interview. I've moved on at this point, going into the trades, but I still feel cheated. A lot of my teachers were working professionals teaching on the side, and they always cheered how Canada's animation industry was thriving. The whole situation just sucks
Metro-Vancouverite here. Just wanted to clarify that the article listed at 3:30 is showing the price for Vancouver, Washington, not Vancouver BC. Both are named after the same person, but Vancouver Washington is close to Portland and is a significantly smaller city. Overall video definitely highlights my current feelings as a mid-20’s person living in the area. Rent for a 2 bedroom basement suite in my area is currently at $2K per month BEFORE utilities and internet, etc.
One of the toughest parts of Real Estate being the strongest investment in Canada is that a lot of retirement and pension plans are tied to it now. If we just flipped a switch and made housing affordable, a bunch of people over 60 would lose everything. It's not a good reason to avoid making homes affordable but it's going to be one hell of a band-aid rip.
Wait so the older people wanting more money and taxing the future to kill off the further future is good? Who ever came up with that idea needs to shove off. My parents have never once demanded anything of me even when we almost lost it all. They are much better off now and only said to me "pay it to her" my kid. I owe my kid everything. She owes me nothing. Disgusting freaks think the other way around.
A lot of those seniors are also being crushed by the housing costs as well though, which is part of why some can't even afford to retire. I live in Canada and have watched several seniors I've worked with work pretty much right up until their death. If at the very least the less fortunate of them had affordable options for living their pensions might actually be able to keep up.
Idk. Most people I know. Both with a lot and nothing, say they like the US. Feel like the US is important. Want the US to succeed. But no they don't want to live in the US. Maybe they would live in the US from 15 years ago. That's not for no reason.
@ sure but a problem with Canadians is we always go "oh but at least we’re not the US". That’s too low a bar and definitely not a reason to pretend like we have no problems like we’ve spent the past decade doing. Our labour laws and union strength may be slightly better than the US but they are still shit in the grand scheme of things and that’s a big part of why we’re here today in a situation where a ton of Canadians can barely afford to live despite working a full time job.
Im 29 years old living with my father. Making 20$/hr and I cant afford to live. Rent is more than my monthly income, my monthly expenses are half my income as is. Taxes out the wazoo, help is miniscule. Its terrible. Yes, ive thought about moving elsewhere. But coming up with the money to do so is also the problem. Im trapped.
I would also strongly suggest trying to go to a Polytechnic school and try and get into trades work, the past few years theirs been a massive demand for trade workers, I'm pretty sure the compensation and the government bursaries are reducing due to people starting to flock to the industry but you go to a shop ask them for work suck-up the subpar treatment and allot shops will hire you. Only thing is you need to know how to drive since their a bit out of major cities
@@isimerias car payment and insurance, phone bill, credit card, school payments alone is 1000/mo. That’s half my monthly income. On top of that I try to contribute as much as possible to rent. Leaving me with nothing to save.
@@OhBlivEUn Huh I'm 26 and honestly I don't think its that bad once you plan out your finances correctly and make the choice to be car free permanently. That and making sure you take advantage of all the tax credits during tax season is always clutch. Now that I am beginning to decide on how to buy a house I think its possible if you compromise and not do a new build home and instead look at your price point and see what is available there.
Canadian here. Made 32k/yr working aerospace R&D as a foreign contractor for NASA. Spent 2 years homeless after that. Canada's broken. Edit: Thanks for all the support, y'all're lovely. A couple of clarifications for folks: Foreign contractor entailed working for a Canadian Company in Canada taking foreign contracts, getting paid in CAD, google BC Labour Code High Technology Employment, load comments in "Newest First" mode to see the whole comment thread as "Top Comments" mode hides half the replies. Have a good one!
32k/yr in aerospace is criminal. My best friend works in aerospace designing landing gear and his first job after graduating UofT was paying him $65k gross and this was 14 years ago.
It was always cope. A third of the country is stuck in dutch disease, another third is in a population trap, and the last third somewhat wants to just check the fuck out.
Canadian with a masters degree and private professional business making 140k CAD a year now after 7 years of schooling and 8 years of work experience... checking indeed and seeing that I could just go and work for some random county or state doing the same work for 90k USD with half as many hours and housing is half as expensive. Watching the Candian govt intentionally devalue the CAD to protect housing prices is also absolutely sickening.
dang man you have a lot of work and schooling experience. I feel like you'd be able to make a lot more than 90k USD. I'm 20, live in the US and work at a porsche dealership making 65k USD. I have no degree and dropped out of college so you definitely got some good stuff going for you
@kzynser a postdoctoral scientist make 62k in National Institute of Health. It requires BSc, MS and PhD to make just 62k. I would say you should be praying for your employer who pays you 65k without a degree.
According to the Bank of Canada's own data, it looks like the value of the Canadian dollar to the US dollar has been steadily slipping on average over at least the past year - at the end of 2023, the ratio was about 1.333... Canadian to 1 U.S. and now the ratio is closer to 1.4 Canadian to 1 U.S.
You know you spend too much time on the internet when it takes a second to realize the person meant Greater Toronto Area and not Grand Theft Auto (the video game)
I bought 175k worth of the SP500 in 1999. same stock is worth over 850k now. absurd... jokes aside, assuming it was your primary place, the rent saving probably worthwhile over the maintenance/taxes.
As a Canadian, I make close to six figures and I still cannot afford a BASIC apartment. I left the country to go live in a developing country and never regretted it. I remember hearing how the average voter thinks, I already knew we're cooked.
Went to a financial presentation about the state of the Canadian economy, we're in a really bad place. Someone asked the presenter at the end "Is there any silver lining or anything good about the Canadian economy?" to which he replied "Well we're right next to the United States" You burgers are going to be just fine. Us leafs maybe not so
Canada has a huge energy sector with a lot of green energy especially on the eastern part of the country. Remember the New York blackout of 2003? Well, there is what happens when you have a problem with power lines distributing electricity from Canada.
Moved from Vancouver to Seattle in 2022. Increased my salary by 3* (in tech industry) and my cost of living dropped by about 40% even including the paid health insurance. Still go up to Vancouver just to hang with family and eat at my fave spots.
Awesome. Theres a reason theyre looking for Canadians and Europeans for those high end jobs. None of their own citizens can afford the education necessary to get them. America is a land that is better for the top 5% significantly worse for the bottom 95. And to be honest, I'm sick of these out of touch comments from the top 5% praising the US for higher top end pays when there are so many other issues you are just ignoring. Go drive through any US city. One third of it is a utopia and the other two thirds are full on slums. If you actually factor in cost of healthcare, road tolls, HOA fees, prescription medications, child care etc... that cost of living advantage all but evaporates. The US does not regulate corporations at all or tax the rich. Because of this, these companies have more money to throw around for the very best employees. But the vast majority of Americans suffer under this model. The US has foods that poison you, a fascist regime taking over, a media empire completely over run by billionaire propaganda, healthcare that bankrupts people. Yet here you are singing it's praises and shitting on the country you came from because of one out of context advantage. You benefitted from the education you were given in Canada, with the tax dollars of our citizens. Which allowed you to get a nice cushy job in Seattle. So you basically said "fuck it, I'll leach off the system and then not pay back into it".
@@BnMProductions11 Try chilling out a little? Assuming OP pays taxes, then he does pay back into the system just as much as you. Can you blame him for liking the better living conditions received in America? Or would it make more sense to knowingly worsen one's own quality of life. Don't hate the players, hate the game.
Canadian here. I work in tech and decided to stay in Toronto vs moving to the states. The US does pay massively more (almost double in some cases but usually 30-40% more) for the same type of work I do. But the cities I would need to live in to do that have massively expensive real estate comparable to Toronto and Vancouver, and you have additional costs too. Public schools in the US are worse, daycare is more expensive, healthcare is basically there for the rich and privileged. The benefits of the US is higher pay and faster career growth, but it is somewhat offset by things not accounted for with the housing price to average pay ratio. Is Canada getting worse? Absolutely. And if it doesn’t get better might have to make the move anyway. But for now it’s nice here. On a dual income it’s not that bad, pay here is slowly increasing as more US companies are hiring here because it’s cheaper.
@@patriciaschonrock2929, exactly. If you're ever in a pinch, Canada has systems in place to ensure you can get back on your feet much more easily than the States. I have family in the US, and their experiences are much harsher. Plus life is generally more chill here.
As an American, the quality and cost of our healthcare is almost entirely dependent on our employers. Very skilled workers that can demand premium wages can also get premium benefits, including great health insurance.
Massachusetts will give you health care for free if you have no income, and subsidizes costs for privately bought policies for people with incomes up to $66k (last time I looked). In any case, if you really are working in a decent tech industry job, it will come with health insurance. Maybe you need to do more research on what actually happens in the US instead of these inaccurate generalizations. There are huge differences between the states in certain things, like health care policy and everything else you mentioned. You seem to think the entire country is like Texas, and it's not.
My husband and I are Canadians, our kids have gotten a better education in Washington state in the public schools than we got in Ontario. Education varies from state to state and from district to district.
At the 12:00 min point. You missed / miss-communicate a key part of the mortgage difference: America has TRUE 30 year term mortgages, whereas Canada has short term mortgages that require renewal even though the amortization is the same. We have to renew our mortgage every 3-5 years. And this opens us up to fluctuating interest rates more than the Americans, where if you have a low rate, you can just stick with it and have inflation and the devaluation of money make it effectively cheaper on the long haul.
Canadians decided a long time ago that their home would be their nest egg for retirement, which created the expectation housing prices would continue to rise at exorbitant rates and thus drove prices up and up until today where most have been priced out. I’m a homeowner of four years in my 40’s and strongly believe we need a major price crash. If my house suddenly halved in value along with everyone else’s, I would celebrate.
Sorry, but this is pure fabulation. The home prices went nuts after the valves for the immigration opened, putting pressure by the bottom on the demand, nothing else.
@@evalangley3985 High home prices come from investors treating housing like a stock market. I work in municipal finance, and can tell you that just within the last decade there's been a huge shift in homebuyers, away from owner-occupiers and towards landlords and REITS. I've seen new condo buildings with entire floors of units not owned by anyone but vacation rental companies. Toronto-based investors groups CAPREIT and Starlight own 120,000 homes between the two of them. Investors own 30-40% of all the condos in BC, Manitoba, Ontario--and if you just look at new builds it's over 50% in some municipalities. Real estate is the biggest industry in the country, and its entire profit model depends on prices only going up.
I'm from Canada. In the last few years, I feel like my country wants to starve me by making food too expensive. I feel like my own country doesn't want me to be a part of it because my health matters have made it hard to get a job. I feel like my country doesn't want me to live in it, because rent is getting more expensive. I've looked up Canada's MAID service to see if I'm eligible since there may not be any other way for me to leave this life or poverty.
They told us MAID was going to only be for people who are already at the end of their lives. I knew the whole time it was the government trying to get out of the promises it made to take care of its people. Our government never cared about us. It was always just lying to get votes.
It's worth noting that things like the bike lane ban in ON is going to make the housing/economic problem worse. Allowing car-free living is one of the best ways to increase housing supply, reduce business costs, and increase discretionary spending/savings.
@@MaelstrommeCities like Amsterdam, Paris, London, Singapore are really good at allowing car-free living. Problem is those places don't exactly have much affordable housing as well, nor are their living costs low in spite of expensive housing.
I'd leave Canada at this point. Wages don't move. Immigration seems to be the focus and it feels like no new homes are being built. You either get to live in your car or starve in your home
Or make canada 51st state of US. We have rich natural resources, a future sea route. We are in the state we are because we don’t have the kinda constitutional protections that leads to business environment that we have south of the border. We get that by merging with US, together we will be an unstoppable force. Our problems are a result of policy and the policy is a result of not having constitutional protections that US has. Everyone I know who has left canada and went south has done better than they did in canada. My job fetches atleast 60k more than the what I make now and with 30% reduction in living costs
@@nshs1234I know you're probably not Canadian because if you genuinely think Canada would be ONE STATE, you probably know nothing about Canada. Secondly, sure, people make more in the US, but they ultimately end up PAYING for more things directly as well. Public services are not particularly great in most parts of the US. Your healthcare is LITERALLY tied to your job. So, yeah, your friends might be doing well, but what happens when they're suddenly not? The education system is a complete mess down there. Crime is incomparably worse down there. Food and drug regulation is much worse down there. And, unfortunately, with Big Orange coming back into the office, I don't think good governance is going to be a priority.
The "ENTIRE" political party are hell bent, current and their oppositions. The options from last elections were either f**ked in the front or in the back. The illusion of choice were on full effect but people were eating propaganda like their mom's cooking.
As a Canadian in Downtown Toronto RE the prospect of moving to Houston - Depends on how much money we're talking about. Houston is a car infested hellscape with not very many redeeming factors in terms of lifestyle. It would have to be a pretty serious amount of money for me to want to move there.
Yes. Having lived in Houston, you’d absolutely need a car. It doesn’t feel very metropolitan either. It would be such a shock for you going from having such a pretty view with the lake in Toronto to a view of 5 overlapping concrete highway ramps.
I recently moved back to Houston from yyc after a 5 year stint and have zero regrets. Took a 5% ish paycut per year on the currency collapse and the taxes were absolutely insane. Just the difference in taxes would allow me to fly to yyc every single weekend for hiking or skiing or whatever. More expensive to live in even berta' than Cali. Can't imagine those stuck in yyz or yvr. Canada is straight fucked right now.
As someone born a bit before the turn of the century, it blew my mind when I found out that someone who is not a citizen (much less a resident) of the US or Canada can legally purchase land/homes here, and same with corporations owning family homes rather than private individuals. In light of this problem only accelerating, it is really telling of the current state of political leadership on how most are still silent on changing these aspects of that law that are so clearly being abused. At this point, our countries seem to have more penalties for living here as a US or Canadian citizen than there are benefits.
As a Canadian, you are legally allowed to buy homes/land in other countries. I hear Mexico is cheap… I guess that’s why tons of Canadians own second homes down there.
Many countries allow home/land purchases if you're not citizen, that's not unique. Corporations purchasing family homes that they didn't build is the weird twist
The owning class will never allow anyone to try to address this issue, they'd rather see the entire economy tank than to be forced to give up collecting rents and sitting on assets.
and this 'owning class' resistant to change majorly includes the folk living in their detached homes that don't want their neighbourhoods rezoned. They're rich literally sitting on valuable land because these cities have been poorly planned for density. And now they'll die of old age in their castles and neighbourhood groups fending off and delaying any rezoning.
My friend has DACA, and she has been looking for ways to escape her "golden cage" here in the US. She told everyone a few months ago about how she had learned she could move to Canada through some skilled labor program. I was very happy for her...until she said Canada. I watch a few Canadian reality shows, and boy, am I always surprised to hear their housing and employment market has done the impossible and tall order of being worse than ours. I am still shocked by seeing some of the effects with my own eyes when I visited Montreal earlier this year. Those food prices will blow your brains out.
It’d be quicker for her to the the citizenship process here than to get an affordable apartment in Canada 😂. In all seriousness, I hope she does start the process. I grew up with DACA people and it took them 3-5 years to get it and they encourage other people to do the same.
I live in Atlantic Canada. I'd never move to Toronto, let alone the US. We're the poorest area of Canada outside the territories, but I've started two businesses here, in a rural area outside the main couple cities, and am comfortable. Things are slower and calmer than anywhere else I've been. Would not trade that, or the people who live here, for a few extra bucks and the rat race of a huge city, or the crippling medical debt you can rack up in the US.
Canadian here, This is video is a touch out of date already :P unemployment is up 6.8% , and we hit the breaks on immigration. So fun times ahead + technical recession here we come
My wife is from Canada, I'm from the US. Our conversation about which country we wanted to settle in lasted a total of five minutes, we picked the US and are actually moving to Texas soon. Wages are far higher, taxes are lower, regulations are looser, homes are cheaper, the weather is better, and the competition for jobs is lower. If we were to have settled in Canada, between the lower wages and higher taxes, I'd have taken a roughly 40% pay cut. The healthcare isn't even fully free either. In short, it was an easy decision. If we want to visit, flights are cheap and we have the flexibility to go whenever.
Also if you ever need any serious treatment you can just get treated in your home country if the US healthcare empire is being too greedy for your taste.
The thing with Canada is that you are not going to be broke if you get cancer, which is not the case in the USA. And the gun violence is actually a major issue to. It is way more quiet and relax here. I could have 2 times my salary in the USA, but I would work 2-3 times more. No thanks...
@@evalangley3985 I make enough money/have good enough insurance where if that ever happens it’s not a concern. And if it does, I’m also not going to be subject to the waiting lists they have in Canada. I’d rather be broke than dead. So for the highly paid tech workers of the US, like myself, it’s a far better deal. I don’t have to wait for my healthcare and it won’t bankrupt me either.
A lot of comments here bring up Canada's immigration, and while sure there is a piece to this, it's not the crux of it. Canadians large issue is our housing market. That's it. Past anything else we are in a bubble that is propped up by lawmakers who are also property owners. Canada's largest industry is real estate and it's a self fulfilling prophecy now.
So immigration is not a problem The problem is that there are not enough houses for the amount of people living in the country Hummm…. I think you can see the problem
It's as straightforward as it gets, bring in millions of people and you get a housing shortage. Especially when these people buy up multiple properties to use as investments.
"Miss Tessmacher, when I was six years old my father said to me--" "GET OUT!" "...heh heh heh heh...before that. He said, 'Son, stocks may rise and fall, utilities and transportation systems may collapse, people are NO damn good, but they will always need land and they'll pay THROUGH the nose to get it. REMEMBER,' my father said---" "...Land..." "Right"
The thing about the "average income" is that people don't look at the prosperity of their "average" countryman to decide how to behave; they look at their own prosperity. So a small handful of extremely prosperous people might drag up the average, but it doesn't move the needle at all on how prosperous regular people feel. And what have regular people been decided to do in response to no longer being able to afford a home? Stop having children. You can look at "average" incomes increasing and assume people don't want kids because they're "too comfortable", but exclude the hyper wealthy and see that most canadians are struggling.
@@r.t4729 big oof indeed from the creator but I left Vancouver because their housing market is so ridiculous that you need 2 people with 6 figures to have a 'normal' housing experience. Luckily the housing in Toronto and Vancouver are outliers, even if generally our housing is very expensive comparatively overall.
The whole appeal of Canada to immigrants was you came to a safe country, where you would have a lot more opportunity, the ability to afford a nice house and your kids would live much better lives than they would back home. Now that appeal is almost if not completely gone. (I immigrated to Canada myself when I was a kid) Even if your in the top 10% of earners in Canada you aren't able to afford a house, our food and service prices are insanely high (even compared to other countries experiencing inflation we have it much worse due to monopolies in groceries, telecommunications etc.) and our wages are way lower than the US. What your left with is a country that's cold, has a high growth in crime since its becoming impossible for the average person to live, and just the general quality of life and happiness has been going downwards for the last 10 years. As a young person in university who runs my own business selling vintage clothes and sneakers to mostly other people my age Canada is 100% going to face a very very harsh future and our problems are going to take decades to fix. Young people in Canada are not just broke they are beyond broke and I can tell you first hand as people my age have less and less money each month to spend on clothes and shoes. When people aren't spending money on clothes, that means their not spending money going out, or going to events which means every non-essential industry is becoming harder and harder to run. There is becoming less and less reason to stay or invest your money into Canada as the average persons life here quite frankly sucks and is only going to get worse for the near future. While yes Canada does have much better social programs and better healthcare then the average American, the cons are starting to very quickly out weight the pros. I'm more than likely going to move to either the states or back to my home country in Europe after I graduate because I don't want to keep living In a country that is only going to get worse before it gets better.
I’m Canadian but I hate crowds. So I live here in a smaller city where house prices are somewhat bearable.. I own a nice renovated house in a desireable area and I don’t even have a real job 😂 I love the peace and quiet here and so do my kids.
13:17 Median household income graphic illustrates a comparison of Seattle to Vancouver WASHINGTON, not Vancouver Canada. The combined (renters $67,000, owners $108,000) income in Vancouver is$87,000 according to 2021 census data (3 years old.) The point is valid though: average worker in Seattle makes a lot more than average worker in Vancouver.
Also, in Canada, the banking sector is way more regulated. Failure like Lehman Brothers are highly unlikely, not to mention mortgage can only be acquired with a 5% down payment with CMHC. If you can't get insured by CMHC, then you need a 20% down payment. Also, you can only have a single property covered by CMHC and it needs to be below 1.5M$.
My wife don’t want to believe me but Canada is a ship sinking, and I have been noticing this for years. She is living the illusion that everything is fine and nothing bad ever happens to the main characters
@@raulbarros8077 been to Canada to years ago, tried to work on a working holiday visa. Left after 2 months seeing wages compared to prices lol. Couldn't land a decent job even as a trained handyman and welder. Never been treated so bad during the hiring process. Not used to that from Germany lol
Man, you didn't have to do us like that. I mean, we deserve it, the country has absolutely gone to shit and it isn't going to get better for a long time. It also doesn't matter who is in power, the entire government serves the oligopolies that make up every major industry in this country. And the only thing that these corporations want is more money and power for themselves and less money and power for the people. They absolutely do not care at all what it takes to make that happen. At this point I'm pretty sure the government of Canada (ie. the corporations that own it), would literally murder millions of Canadians if it was going to make them even a little bit richer.
This is the great strength of Western countries: We live in houses! And houses made us all millionaires. That's how we compete with China's industry, this is the value that we create. We live in houses. As if no one else did. As if it somehow has became more valuable to live in houses. But that's what all Western wealth today is based upon.
And its not like humanoid robots won't be building new housing in the future for the cost of materials only, like 90% cheaper than the existing homes 😂 its going to be weird when everyone's home price plunges.
@@gordo3582 I'm old enough to have grown up before "the internets" and even mobile phonery became a thing. The digitalization should if anything have LOWERED the value of housing, because some jobs that used to require a central location can now be done out in the wilderness, as long as there is some kind of radio transmission available there. (And with Starlink one could as well live onboard a boat in the Pacific) But instead housing prices soared! Because prices are caused by monetary policies with interest made up to be something like 0% (or a little pony) for decades. Prices are the amount of printed monies divided with that same old house. VALUE is a very different concept that you will never hear any economist ever mention.
@@gordo3582Other than robot built houses are crap quality, will be just as expensive, and they massively struggle with customization - when nearly every building is a completely custom build (I studied pre-fab homes in my construction management program, this isn't the solution you think it is)
great analysis, housing markets actually don't create as much value as manufacturing, services, products. Yet housing real estate gets a lot of the money
Born & raised Torontonian here, I remember there was a government strategy for 50 million population by 2050 and that I feel got a lot of companies promoting they hire foreign workers but are hiring unskilled workers to justify lower salaries, I know my coworkers have always been saying this in the entertainment and food sector. My biggest problem though is these new construction developments and condos are extremely over priced for the square footage but that maybe just because it's Toronto. Honestly feels like a housing sector collapses looming and we're all waiting for it!
Move to Montreal. An avarage house price is about 600k. There are many jobs where French is not required at all. Think IT, sciences, pharma, biotech, aerospace
@@antonnnn464 I am from Alberta and want to try Montreal but my fear is my career being stunted by anti-anglo bigotry against me. My education is in accounting
@Tribuneoftheplebs Accoubnting might require some knowledge of French unless you work remotely for an international company/I office but for international accounts. A dollar in Montreal would get your farther than in Calgary due to lower prices on more or less everything and proximity to civilized(not wild) part of US and cheaper flight tickets to Europe -South America.
@@Tribuneoftheplebs Yeah I am from Alberta and live in Montreal but I work in 3d VFX. Which is a big industry out here. Unless you are in tech, you will have trouble finding work as an accountant without French. Not because you couldnt do accounting or because of bigotry as much as the people you will be talking to/doing your work for almost always will be French. That being said, Ottawa is growing. So is Halifax. The big cities out east are much closer together then out west. So even if you dont like ottawa, you could try other things that are a days drive away. Unlike out west where outside of edmonton and calgary, the next biggest city is vancouver, and thats a 12 hour drive. And going east its Winnipeg, which is a 30 hour drive.
Ive been in my field for nearly 20 years (medical), reached the top i could in our organization and i feel like id struggle to even get a house. The guy who had my position before me could have bought basically a mansion with the same job 15 years ago. Id be nervous to have my healthcare tied to my employment concerning the move to texas.
Canadian with a master's degree. I was laid off for nine months last year. Landed a job in the public service earning 15K less than I did two years ago. I'm a single dad and have to spend 60% of my salary 1-1.5 hours outside of Vancouver. I'll never be able to afford a home and will have to work until I die which will probably be when I'm 50 if we continue on this trend. I'm a working professional and it is bleak.
You may want to examine the strong correlation between house price and property tax. Vancouver and Toronto have some of the lowest property taxes in North America which greatly increases their attractiveness as piggy banks for the wealthy and foreign investors. Inside job for city councilors/ mayors who bet big on real estate appreciation and REITs.. Doom loop as running a business or industry in a extreme high shelter cost environment normally leads to their departure unless govt can bring jn cheap labour via immigration. Standard of living drops.
Guys, at least canadians don't live in Brazil. I am a medical doctor in Brazil (Recife city), one of the highest paid professions in my country and I earn US$15k/year (US$1225/month). The average price for a 800sqft. (74m2) 2 rooms apartment in the city I live (Recife) is US$80k and US$620 for renting. The average monthly income in the same city is US$305. Yeah, the average rent price is more than double the average monthly income. Most people in Recife live in their parents' home and they only move to an apartment when they marry or when they have someone to split the rent costs. Usually when they rent a place is mostly on favelas, which are very high crime rates places, without basic sanitation or hygiene services and always dominated by gangs and drug dealers. People only move on to a safer neighborhood by financing an apartment for 20-40 years after some years married and some many promotions in their jobs. Well, and don't think about living in a car here, because you also won't afford it. The cheapest new car in the market costs US$10k and is almost the size of an auto rickshaw. An used very basic 20y old car with similar sizes and which is still working won't cost you less than US$2500 - more than 8x the average monthly income, and not less than US$150-200/month to use and maintain -. To get even worse, the average monthly supermarket costs here are around US$150. So people are basically trapped: if you only spend with food, you'll have only US$150 to live. You can't afford renting, cause it costs 4x your remaining money. You can buy a 20y old car if you save those US$150 for 17 months, but you won't afford it to maintain it. Well, at least you could buy an 800sqft 2 rooms apartment by saving your monthly savings for 533 months. What a miserable country economy! If you think you're screwed by living in Canada, try living in Clownzil 🇧🇷🤡🇧🇷
You touched on few things pretty well: immigration, concentration, zoning. I am one of the lucky ones here. I own my own place, an acreage actually, with no mortgage. I can also see first hand one big reason why housing is so insanely expensive. I've been trying to build a secondary residence on a large piece of property with no neighbors and I don't think i can do it for less than a million Canadian. And the land is paid for. Obviously not going to happen. There are so many hands in the real estate cookie jar that it's impossible to build anything. As for the good luck I've had, yes, but it still sucks. I have to watch my kids struggle and even though I could cash out where would I go? Everything is so expensive here I'd have to leave the country.
I have been in the military, and I have seen other places... you don't want to go there, trust me... you are good in Canada where the only problem is immigration and DEI.
im canadian and i saw two large omissions, first being immigration isnt on its own a problem, the problem with immigration in canada is the government enabling companies exploiting temporary foreign workers even more than they can exploit canadians. the second is our housing prices being so high because the government has been selling off our affordable housing stock to companies who then convert those low-cost, low-profit residences into high-cost high-profit ones, or offices. our government looks at the first few rungs on the homeowning ladder every now and then and decides "nah its not hard enough to be housed yet lets remove these aids" while also allowing the companies which operate in canada to ignore the canadian population as a workforce, since temporary foreign workers can be paid sub-minimum wage, and often their employer is their landlord. the issue is not the immigrants or the unhoused, it is the government which continues to allow ever more abuse so that companies continue seeing their profits increase, because apparently the 2 million greedy canadians each month using the food banks dont need government help, unlike the poor little megacorps. i mean the royal canadian mounted police (rcmp) last year released a report where they claimed a major risk to canada is young canadians realizing we cant afford housing, and to be clear the rcmp thinks it is perfectly fine if we cant afford housing, as long as we believe it is attainable through just a bit more work.
Thats really not it lmao, I agree immigration on its own is not a problem, but the issue is there ahs been a lot of fraud recently in regards to immigration and the gov has accepted way more immigrants than we can handle, like WAYyy more.. This drives down the salaries cause alot of available labour, drives up the home prices cause more people in Canada, clogs the schools and hospitals..
@@Nick-ue7iwI wouldn't mind if he actually had a clue on how to fix things. Giving massive tax cuts to the rich and gutting the social safety net is not going to do that.
@@PXAbstractiontax cuts and reduced gov spending will reduce inflation and help the economy but probably not enough. Need to build houses and or reduce immigration
@@PXAbstraction It'd be nice if we could get someone with a basic understanding of economics to run the parties. The problem is the public doesn't actually want to make the sacrifices necessary to fix our economy.
my sister had a pretty interesting path in life. We're Chilean but she lived in the UK for 15 years because of job opportunities. That lasted until Brexit fucked the country, and my BIL's company lost a lot of clients. So...they relocated him and his family to Toronto. In less than 1 year my sister had developed a depression, the school their kids went to was horrible, they hated the culture and the small town vibes, and the supposed wage raise my BIL got from the relocation was eaten by how much more expensive the cost of living is compared to London. So they finally decided to move back to Santiago, and they're pretty happy with the decision. Sure, in here they had to get a car; pay to get better health insurance than what the public system gets you; and my nephews had to adapt to talking in Spanish all of the time, but they manage to make ends meet much more comfortably, Plus they live where their families are, there's good weather, and the city is quite vibrant despite our recent security crisis.
As someone who lives in edmonton alberta, the property problem isint as bad. If I were given the opportunity to move to Texas I wouldn't take it as I dislike the weather there enough to stay in the ice.
I have a CS masters and work in Cyber security, most and I mean 2/3rds of the people I graduated with have already move to the US and the rest are honestly considering it
How hard could it be? The worst housing market.................................................................................................... in the world....
As a Canadian making $60k CAD just starting my career, I work with Americans all day who make $75k-$130k USD, most have homes are are buying and complain they don’t make enough, I live at home with my parents saving up and paying debt, I’ve seriously thought about moving to the states at the same job for a better pay, my medication and illness is the only reason I haven’t yet
Young Canadian man here. I come from a poor background and it’s extremely hard to get ahead. No job opportunities, groceries are expensive, long winters, housing market, etc etc. Terrible here.
You forgot mentioning the terrible weather! In Canada with 1 million costing a mediocre house with this terrible weather you can easily buy two luxurious houses in Italy and Greece.
Depends where in Canada ... Vancouver and Toronto are skewing the balance a lot ( even though Montreal is on the rise as well, but it's still possible to get something decent for like 400k in the suburb there ).
Increases in home costs pushes out single income home buyers but is still affordable by groups of investors. They will then rent back the home to the potential home buyer at increasing cost, preventing the home buyer from saving enough money to buy their own home. Also, we can lock in a mortgage rate for only 5 years. And, real estate agents' take is 5%, which is rapidly becoming unsustainable the more expensive homes get and how quickly they are flipped (because homeowners want to recoup that when they sell). Repeated until it breaks.
@@johnqpublic9074you're delusional if you think the government can solve the problem. It's a demographics problem, so unless they deport all the old people nothing will improve.
Canadian recent grad here. Even though I earn roughly the median income in Toronto as a professional in finance, its nowhere near enough for a good quality of life if I were to move out. Just saving and investing while living with my parents so that I can hopefully get a job in the states where I would not only earn more, but in a stronger currency, would be taxed less, and also be required to spend less for the same stuff.
Ahh you beat me too it. Additionally though even if it was our Vancouver, tons of people don't realize how little of an area and population is and using a Vancouver stat and applying it even to only itself plus north and west Vancouver is still misleading cause most people look at that stat and will subconsciously apply it to the entire greater Vancouver area.
Too many Canadians got suckered into voting for Liberals and NDP's. It's so ironic that the previous Conservative government somehow ended up building more public infrastructure, kept the cost of living steady, and maintained a strong manufacturing and natural resource sector. The cost of housing still went up at that time, but it was at a slower steadier rate. Then somehow the Liberals became more conservative than the Conservatives.
im getting tired of this canada bashing, being a trend even if these are real issues. That being said I appreciate the people talking about the problem, and not just doing what seems trendy out here which is trudeau bashing (even though he does absolutely deserve criticism) Because these problem have been ongoing before Trudeau and through both liberal and conservative governments. So talking about the problem a-politically (because it is a systematic a-political problem) is beneficial. And no I wouldnt move to Houston. Canadian healthcare has problems, but its never going to bankrupt me like American healthcare does. And the recent presidential vote shows me the general sentiment of the people is still wildly different then the sentiment up in Canada. And Canadians are proud of our own country. And that we have more free trade agreements then any other nation. That is a testament to our positive image world wide.
You're right. The general sentiment in the US is far different from Canada. The idiotic leftist progressive agenda didn't work and they corrected course instantly. Meanwhile, we've had Trudeau for 9 years and you still act morally superior by pretending recent election results are a bad thing. This is why we're stuck with garbage government. Canadians value moral superiority over their own well-being. Canada is a very self hating country. The US is plastered with American flags anywhere you go. In Toronto, you're likely to as the gay flag more often than the Canadian one.
Everyone wants to work for a corporation, nobody wants to work for themself. More people are fired, more people can't get hired, more people don't spend on products and instead spend more on land which hasn't changed, etc. We're caught in a debt spiral and eventually something will snag and the whole thing will get crushed as companies try to escape with some kind of profit.
I was in Calgary this year... and the town seemed like a ghost town. It was very well maintained and everything, but there were just no people. Even in a large city mall, there was hardly anyone! The skyscrapers were empty as well, it didn't seem like anyone was actually working there anymore... i was really perplexed to see this!
Yyc calgary sucks ,you can't even find a good restaurant, there are just a bunch of homes it is a sanctuary for canadians who wants to buy a home and die in that.
A lot of professionals in Calgary, a huge amount of companies stuck to online offices after Covid compared to Canada, everyone I know here works from home if they’re not working in trades, also Calgary has always had a big homeless issue but now it’s so much worse, making downtown kind of dangerous, also every restaurant in this country has literally the same menu it feels so no one goes out either lol
@@alexgenereux276 the homeless problem seemed much worse in vancover when compared to calgary to me. i'm a bit surprised to hear that! And as for the restaurants... yeah it often feels rather same-y, but i though that was more down to it being one huge country rather than many small (culturally distinct) ones like in europe.
Canadian here, yeah the mindset of out country sucks so much, no investment, no creation of wealth, glad I decides to take matter in my own hand since a couple years to create wealth for myself and my familly
Youd think 80 grand annually working up to 100, zero debt, plus 120 grand down payment would maybe be able to net a person some form of property in a major Canadian city. "Lol", said TD Bank, "Lmao"
Sir, you sound financially responsible, unfortunately, your financial responsibility means you have no credit history because you, being financially competent, have failed to rack up any debts, therefore, we can't insure your mortgage. Sorry for the inconvenience and perhaps next time, you can be like your better others who collect welfare and then squander it all on designer bags, shoes, clothes & perhaps a status symbol in the shape of a vehicle, who is content with never owning a property and paying us thousands of dollars a year in just the interest payments alone on credit card debt. Good day, sir!
As a Canadian who left Toronto for the US in 2021. You’re bang on. Worst part is it affects young Canadians the most and will continue to. If you were born in Canada your almost screwed.
it's insane the amount of resistance against density rezoning by the old folks clinging to their lifestyles - we got 2 very sensible rezoning changes recently rejected after public hearings because the neighbourhoods want "careful urban planning" and don't want more traffic near where they live when the places would be PERFECTLY FIT beside some existing bus and train routes. The city wide rezoning only barely pushed through because we basically ignored those ancients in the news worthy 'landmark' public hearing. And now it'll be too little too late waiting for those 'neighbours of ' groups to die of old age.
The governments house of cards economy and ponzi labour schemes is the reason why we are stuck in this cycle of needing infinite population growth. I'm not going to accept the destruction of my standard of living because the government spent decades destroying the economy for their own gain & now wants you to accept living like a bug and have chucklenuts here just accept it all because it's the right thing to do(tm).
As a Canadian who lives in his car, I can say that this is 100% accurate, Even though I've only watched one minute. Edit: halfway through and also reading a few comments, You're missing a few things... But that's also because you're not Canadian. One of the comments pointed out that we have monopolies out the arse here. Cell phones, grocery stores, Banks... Not too sure what it's like in the USA, but wowie Big businesses love eating other smaller businesses and keeping us in our place. To add on to that, our education system, similar to yours, is s***. We aren't taught about ourselves in school, We only learn about a bunch of theoretical and applied advancements that we've learned throughout history... Which we managed to write down, remember and make better, which is awesome, but I think we should only learn and expand on certain things if it's something that we plan on doing with the rest of our life, and of course basics that you need to survive (and maybe even some survival tactics, in case you become homeless or something? They really teach us nothing, unless you get really good teachers who sometimes teach you some things, but they're rare). We learn so much useless crap in school that we never use again, All because of a system that doesn't seem to want to change. We need to learn about the eight factors of Wellness, and how they pertain to us, especially about occupation, The different jobs out there, and even possibly letting people get into work a little earlier so they can make money earlier. I don't actually understand why We force kids to sit in school until they're 18, and then for some reason going to more school... Such a waste of money, and then teaching kids about money... That's another demon in itself.
A major factor in the lack of a real estate crash in '08 is that most of Canada, including the largest cities, see mortgages in which the bank can pursue an owner for any remaining amount owed after foreclosure - you can't walk away from an underwater mortgage, which significantly damped the crash.
The problem with that is that those places are getting a flood of people pushed out of Toronto and Vancouver now. The rural area I live in is full of “people from Ontario”…including me. I married a Nova Scotian living in Ottawa, and we left to live close to her family because there are still a few houses under $500k here.
The problem is across the board. People from those two cities have been moving to other "less expensive" cities like Calgary, Edmonton and driving prices up there. People are flooding small towns since big cities are not affordable but these small towns are getting expensive really quick that soon, there won't be much of a savings to move to said towns.
You're right, the issue is it really depends on what you do, and even then, those home prices are still astronomical. My home town is like 3k people and we are about 100 minute drive from Toronto or a 50 minute drive from the go trains. We are considered a commuter city of Toronto. In my home town the cheapest homes are still over 500k. Literally the richest friends I have all bought real estate early. Rinse and repeat. There aren't "starter homes". Fundamentally housing is mostly being purchased not by first time buyers but those using it as an investment.
Cities surrounding large urban centers gets hammered everytime real estate prices climb in the metros. I live an hour's drive West of the GTA and have seen 3 major price escalations since the late 80's. On top of that, because new josunng builds have slowed, inventory is tight and that adds to uncontrollable costs
A big part of the housing crisis in Canada is caused by excessive government overreach. Permits upon permits upon permits before shovels in the ground. A lot of development companies end up abandoning projects before they start because the cost of the permits and wait times most it unprofitable for the companies to develop
British Columbian here, I agree that our problems are colossal. I have debated moving to the US for money. I'm a physicist, and the opportunities for money in the US are outstanding. However, if all of the talented people leave, we'll certainly be doomed. We must choose to stay here, and work our lifetimes to make it a better place. Any problem can be fixed. I'm hoping that talented people elect to stay. We need great minds, persistent people to dig our way out. This country is unbelievably beautiful, the Rocky Mountains are a religious experience. It's worth fighting for, I hope people choose to stay, fight for what you believe in.
The government won't take any action until things seriously blow up. If you want things to improve, you need to leave the country. Then they'll actually start incentivising people to come back.
@ryancomeau4485, There is a point of no return at which you're the last person on the Titanic swearing that if enough people had stayed, they could have kept the boat from sinking. I have no idea if Canada, or you, are at that point yet but it does exist.
So your degree, that was subsidized by canadian tax payers, is going to be use for a practice in the USA, where you will earn about the same anyway? Thank god people like Minister of Health Christian Dube is imposing a 5 years requirement for local practice for any new MD in QC. The little respect I was having for your profession just went down the toilet with that comment. And ironically, I had a bad experience yesterday with a doctor telling me I didn't know what was happening in my life and to buckle up without reviewing my medical history. I really like how she simply told me this is a 10 minutes appointment, and OK about 10 times after not renewing my medical note that she told me she cannot do while the past physicians told me to come back for a renewal. I left and told her to learn to listen to her patients, maybe they know a bit about their reality. Now I need another appointment for dealing with this. Doctors my friends...
Also, who compares the life of poverty in different countries anyways? Despite being neighbors, the overall mindset of Americans and Canadians is vastly different. You guys always look down, while Americans always look up.
I did a bad thing by posting before I finished the video, so here's my Canadian answer re: Moving/Houston. I work in defence/tech, so I can definitely make more money if I moved stateside. But I wouldn't: firstly because I have a daughter, second because whole family healthcare costs shrinks the salary gap considerably, thirdly because I would be uncomfortable working directly for US weapon manufacturing (I trust my government to be more responsible than the US), and finally because climate change makes anything south of Seattle an uninhabitable hellscape for most of summer. That said, I own a house, so if I was 15 years younger and paying 3500 a month to rent a 3 bedroom, I might feel very differently)
I'm Canadian, I moved from Toronto to Detroit a few years ago and was able to buy a home which I'm sitting in now. My salary in Toronto was about the same as it was when I moved to the US (the numbers at least) but getting paid in USD makes a big difference.
Canadian here. People should also be aware that china has been buying up properties as investments, which… isn’t bad if a few do so, but when thousands are doing it, it’s continually successful, AND immigration is getting out of hand, as were not building enough home, the infrastructure is overwhelmed and everyone gets f***ed… it’s a whole lot of things combining for the perfect storm. It’s the 2008 financial crash for Canada.and it’s gonna be a rough one.
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I'm Canadian, and this video was great. Very well explained.
100% pick Toronto over Houston. I don't want to send my kids off to school worrying if they'll be shot. I don't want to go bankrupt if I get sick. I don't want to pay six figures to get a basic education.
At 3:38 your source for the median income of people living in Vancouver B.C. is actually from the city of Vancouver in Washington State, USA.
I have heard a lot that Australia has it's problem as well. I have no idea why it is, so I would certainly like to know about it.
The American school system is really showing it's value here, you don't even know the difference between VANCOUVER WASHINGTON and VANCOUVER BRITISH COLUMBIA. Go take a geography class, preferably one in Canada.
Canadian here - i know you focus on housing here but Canada has intense monopolistic practices in most regards and corporations push for regulatory practices to squash competition.
3 major Grocery store owners
2 cellphone service providers
5 major banks
5 Insurance companies
It goes on and on. They are often caught even joining forces to squeeze more. Google bread fixing Canada. the more you look the worse it gets
This is the root of most of Canadian's problems on a daily basis. None of the party leaders are talking about it significantly because they're as owned by corporations as American politicians.
He didn't even talk about the "skilled" workers "shortage". I know so many people including myself that have been declined due to being overqualified only to see a "skilled" immigrant hired. No Canada has the skilled workers they just aren't hired.
I was told regulations prevented monopolies
By 2026, The government of Canada wants every single Canadian to have access to Internet. Right now it's at high 80 some % which is great! My wife is working in the department handling this, and the BIGGEST HURDLE is Bell Canada. They don't want to give cheap affordable wifi to Canadians.
@deejnutz2068 Regulations without real enforcement is meaningless
As a Canadian, seeing the title of this video gave me a brief existential crisis.
Dang even existential dread can't afford Canadian rent
....silly pple make their bad fate given themselves....
if you dont already know how bad it is here you been living under a rock
Same😥
lol its not that bad.
its not great either tbh
Dont know why you're surprised. As i know from my TV Canadians were living in trailer parks since 2001
Ironically if you have a trailer in Canada you are doing better than most Canadians
And Americans are living in the streets.
@@coliv2 They're making a joke from The Trailer Park Boys.
@@coliv2 lol sensetive huh ?
and drink a lot of beer and smoke dope.
One of the biggest problem with Canada's immigration policy is that companies are intentionally not hiring skilled and educated Canadians to justify bringing in tons of temporary foreign workers, flooding the market with cheap skilled labour. I got a degree in a highly desirable field with a good GPA. Haven't gotten a single offer for work in my field in over two years. Meanwhile, the government has allowed companies to bring in TFWs because demand "is not being met domestically."
@@zoroark567 the labor shortage is the most stupid lie that big business and Trudeau government told people.
Same in NZ. Can't compete with the third world labour
Do like I did my friend, join the military, get your experience and move on. I graduated during 2009 with no job opportunity. Only option was the military. If you are not ready to make real sacrifices, you will not get anywhere.
Yeah hate the lies about "there's no workers". Yeah no, there's no workers willing to work part time on minimum wage in a Tim Hortons on the highway. If you don't afford to pay people well enough, you don't afford to be in business.
Unfortunately both trudeau and Poliviere are pro corporation clowns and the only direction we can go is downhill
I know of people who have been let go with severance due to performance and then filled those positions with new immigrants.
Canadian here.
Work as an animator for large and established studio for 4 consecutive years. Suddenly the worked stopped (writer’s strike and post-Covid dry-spell) and everyone was laid off.
Found odd animation jobs here and there. It’s been about 1.5 years like this and my original job still has NO work.
Most of my colleagues haven’t found a job in animation since the big lay off.
I currently ended my last animation gig and now I make $0 a year. Praying for a miracle right now.
Sadly, there is a good chance AI will nullify most animators jobs - among many others.
Also Canadian, I graduated from my animation course slightly after the wave of covid panic hiring. Sent applications to studios from 2021-2023, never got a single response, much less an interview.
I've moved on at this point, going into the trades, but I still feel cheated. A lot of my teachers were working professionals teaching on the side, and they always cheered how Canada's animation industry was thriving. The whole situation just sucks
Hey man, check out agora studios
They give out contracting jobs for animators
Upload to your TH-cam channel, yeah? It seems to be the only way for creatives to even have a chance anymore
Master a skill that has a tangible benefit to society and you’ll be fine.
Metro-Vancouverite here. Just wanted to clarify that the article listed at 3:30 is showing the price for Vancouver, Washington, not Vancouver BC. Both are named after the same person, but Vancouver Washington is close to Portland and is a significantly smaller city. Overall video definitely highlights my current feelings as a mid-20’s person living in the area. Rent for a 2 bedroom basement suite in my area is currently at $2K per month BEFORE utilities and internet, etc.
Currently paying 2400 for a 1 bedroom in seattle's udistrict. Atleast my salary is more than that, I'll take my wins where I can get it.
American Vancouver is colloquially known as "Vantucky" 😆
Vancouver BC is more like 3k CAD lol
how the fuck did he let that get past?
Only 2k for 2 beds? That would be a steal in the Bay Area
One of the toughest parts of Real Estate being the strongest investment in Canada is that a lot of retirement and pension plans are tied to it now. If we just flipped a switch and made housing affordable, a bunch of people over 60 would lose everything.
It's not a good reason to avoid making homes affordable but it's going to be one hell of a band-aid rip.
This is why the financialization of basic needs is a bad trend.
Wait so the older people wanting more money and taxing the future to kill off the further future is good?
Who ever came up with that idea needs to shove off.
My parents have never once demanded anything of me even when we almost lost it all. They are much better off now and only said to me "pay it to her" my kid.
I owe my kid everything. She owes me nothing.
Disgusting freaks think the other way around.
A lot of those seniors are also being crushed by the housing costs as well though, which is part of why some can't even afford to retire. I live in Canada and have watched several seniors I've worked with work pretty much right up until their death. If at the very least the less fortunate of them had affordable options for living their pensions might actually be able to keep up.
@@JesseMauraisagreed. Imagine if food became an investment with people hoarding it.
Unlike America, single housing are not owned by corporations here to the same extent as the USA. It is not even comparable.
When you say "It could be worse....You could be from Canada" and the only thing I can say is..."But I am from Canada" Oh boy!
Idk. Most people I know. Both with a lot and nothing, say they like the US. Feel like the US is important. Want the US to succeed. But no they don't want to live in the US. Maybe they would live in the US from 15 years ago.
That's not for no reason.
@ sure but a problem with Canadians is we always go "oh but at least we’re not the US". That’s too low a bar and definitely not a reason to pretend like we have no problems like we’ve spent the past decade doing. Our labour laws and union strength may be slightly better than the US but they are still shit in the grand scheme of things and that’s a big part of why we’re here today in a situation where a ton of Canadians can barely afford to live despite working a full time job.
Oh, it could be worse, you could be from Australia, especially Sydney. Somehow, it's even worse than canada.
Pagliacci moment
@@morganoox3838Canadian living in Australia. Australia is 10x better then Canada and aus is still fucked
Im 29 years old living with my father. Making 20$/hr and I cant afford to live. Rent is more than my monthly income, my monthly expenses are half my income as is. Taxes out the wazoo, help is miniscule. Its terrible. Yes, ive thought about moving elsewhere. But coming up with the money to do so is also the problem. Im trapped.
How on earth are your expenses half your income while living with your father. Do you split groceries, utilities etc? Even then…
I would also strongly suggest trying to go to a Polytechnic school and try and get into trades work, the past few years theirs been a massive demand for trade workers, I'm pretty sure the compensation and the government bursaries are reducing due to people starting to flock to the industry but you go to a shop ask them for work suck-up the subpar treatment and allot shops will hire you. Only thing is you need to know how to drive since their a bit out of major cities
@@isimerias car payment and insurance, phone bill, credit card, school payments alone is 1000/mo. That’s half my monthly income. On top of that I try to contribute as much as possible to rent. Leaving me with nothing to save.
Basically the same boat as you we are so fucked. My advice is make sure your dad has a plan if he loses mental or physical capacity.
@@OhBlivEUn Huh I'm 26 and honestly I don't think its that bad once you plan out your finances correctly and make the choice to be car free permanently. That and making sure you take advantage of all the tax credits during tax season is always clutch. Now that I am beginning to decide on how to buy a house I think its possible if you compromise and not do a new build home and instead look at your price point and see what is available there.
Canadian here. Made 32k/yr working aerospace R&D as a foreign contractor for NASA. Spent 2 years homeless after that. Canada's broken.
Edit: Thanks for all the support, y'all're lovely. A couple of clarifications for folks: Foreign contractor entailed working for a Canadian Company in Canada taking foreign contracts, getting paid in CAD, google BC Labour Code High Technology Employment, load comments in "Newest First" mode to see the whole comment thread as "Top Comments" mode hides half the replies. Have a good one!
Savings?
you reap what you sow.
32k/yr in aerospace is criminal. My best friend works in aerospace designing landing gear and his first job after graduating UofT was paying him $65k gross and this was 14 years ago.
This is Just Crazy , how are you going to do that as an engineer.
32k american or canadian dollars?
I still remember a few years ago when we were talking about Canada as a wonderful place to live
It was always cope. A third of the country is stuck in dutch disease, another third is in a population trap, and the last third somewhat wants to just check the fuck out.
You mean 20 years ago?
@@bloodycreperealistically, 40 years ago.
@@bloodycrepe it was ok 20 years ago, we did well under Harper and early years of Trudeau.
@@NK-fe3md no, we didn't. You were just blind to what was happening right in front of your own eyes.
Canadian with a masters degree and private professional business making 140k CAD a year now after 7 years of schooling and 8 years of work experience... checking indeed and seeing that I could just go and work for some random county or state doing the same work for 90k USD with half as many hours and housing is half as expensive. Watching the Candian govt intentionally devalue the CAD to protect housing prices is also absolutely sickening.
dang man you have a lot of work and schooling experience. I feel like you'd be able to make a lot more than 90k USD. I'm 20, live in the US and work at a porsche dealership making 65k USD. I have no degree and dropped out of college so you definitely got some good stuff going for you
You could easily make 200k usd
@kzynser a postdoctoral scientist make 62k in National Institute of Health. It requires BSc, MS and PhD to make just 62k. I would say you should be praying for your employer who pays you 65k without a degree.
And it's not like our other government options are any better to help fix us.
According to the Bank of Canada's own data, it looks like the value of the Canadian dollar to the US dollar has been steadily slipping on average over at least the past year - at the end of 2023, the ratio was about 1.333... Canadian to 1 U.S. and now the ratio is closer to 1.4 Canadian to 1 U.S.
Bought a detached House in the GTA in 1999 for 175k, same house today going for over 850k, absurd...
You know you spend too much time on the internet when it takes a second to realize the person meant Greater Toronto Area and not Grand Theft Auto (the video game)
I bought 175k worth of the SP500 in 1999. same stock is worth over 850k now. absurd... jokes aside, assuming it was your primary place, the rent saving probably worthwhile over the maintenance/taxes.
US is way worse than that for housing inflation.
As a Canadian, I make close to six figures and I still cannot afford a BASIC apartment. I left the country to go live in a developing country and never regretted it. I remember hearing how the average voter thinks, I already knew we're cooked.
Where did you move to
Yeah, I'm from the USA and did the same thing. Bought a two story house cash.
What do you do for work in the developing country?
I am not sure what the hell you are doing, but I have a paid house already on a similar and single household salary and I am around the parlement.
So that's like $65k freedom bucks a year?
Went to a financial presentation about the state of the Canadian economy, we're in a really bad place. Someone asked the presenter at the end "Is there any silver lining or anything good about the Canadian economy?" to which he replied "Well we're right next to the United States"
You burgers are going to be just fine. Us leafs maybe not so
I'm from Mexico and that last line is the exact same for us.
We'd be in DEEP trouble if the US wasn't across the Bravo.
Canada has a huge energy sector with a lot of green energy especially on the eastern part of the country. Remember the New York blackout of 2003? Well, there is what happens when you have a problem with power lines distributing electricity from Canada.
I prefer tacos anyway.
Do yall really call us burgers? 😭
Moved from Vancouver to Seattle in 2022. Increased my salary by 3* (in tech industry) and my cost of living dropped by about 40% even including the paid health insurance. Still go up to Vancouver just to hang with family and eat at my fave spots.
Don't tell all the brainwashed socialist American wannabes
Yeah but now you have to live in Seattle 😅
Awesome. Theres a reason theyre looking for Canadians and Europeans for those high end jobs. None of their own citizens can afford the education necessary to get them. America is a land that is better for the top 5% significantly worse for the bottom 95. And to be honest, I'm sick of these out of touch comments from the top 5% praising the US for higher top end pays when there are so many other issues you are just ignoring. Go drive through any US city. One third of it is a utopia and the other two thirds are full on slums. If you actually factor in cost of healthcare, road tolls, HOA fees, prescription medications, child care etc... that cost of living advantage all but evaporates.
The US does not regulate corporations at all or tax the rich. Because of this, these companies have more money to throw around for the very best employees. But the vast majority of Americans suffer under this model. The US has foods that poison you, a fascist regime taking over, a media empire completely over run by billionaire propaganda, healthcare that bankrupts people. Yet here you are singing it's praises and shitting on the country you came from because of one out of context advantage.
You benefitted from the education you were given in Canada, with the tax dollars of our citizens. Which allowed you to get a nice cushy job in Seattle. So you basically said "fuck it, I'll leach off the system and then not pay back into it".
@@BnMProductions11 " facist regime"
Bro you are out of touch.
@@BnMProductions11 Try chilling out a little? Assuming OP pays taxes, then he does pay back into the system just as much as you. Can you blame him for liking the better living conditions received in America? Or would it make more sense to knowingly worsen one's own quality of life. Don't hate the players, hate the game.
Canadian here. I work in tech and decided to stay in Toronto vs moving to the states. The US does pay massively more (almost double in some cases but usually 30-40% more) for the same type of work I do. But the cities I would need to live in to do that have massively expensive real estate comparable to Toronto and Vancouver, and you have additional costs too. Public schools in the US are worse, daycare is more expensive, healthcare is basically there for the rich and privileged. The benefits of the US is higher pay and faster career growth, but it is somewhat offset by things not accounted for with the housing price to average pay ratio.
Is Canada getting worse? Absolutely. And if it doesn’t get better might have to make the move anyway. But for now it’s nice here. On a dual income it’s not that bad, pay here is slowly increasing as more US companies are hiring here because it’s cheaper.
I agree though I don’t make that much I feel more secure in Canada are there are more government services available
@@patriciaschonrock2929, exactly. If you're ever in a pinch, Canada has systems in place to ensure you can get back on your feet much more easily than the States. I have family in the US, and their experiences are much harsher. Plus life is generally more chill here.
As an American, the quality and cost of our healthcare is almost entirely dependent on our employers. Very skilled workers that can demand premium wages can also get premium benefits, including great health insurance.
Massachusetts will give you health care for free if you have no income, and subsidizes costs for privately bought policies for people with incomes up to $66k (last time I looked). In any case, if you really are working in a decent tech industry job, it will come with health insurance. Maybe you need to do more research on what actually happens in the US instead of these inaccurate generalizations. There are huge differences between the states in certain things, like health care policy and everything else you mentioned. You seem to think the entire country is like Texas, and it's not.
My husband and I are Canadians, our kids have gotten a better education in Washington state in the public schools than we got in Ontario. Education varies from state to state and from district to district.
At the 12:00 min point. You missed / miss-communicate a key part of the mortgage difference:
America has TRUE 30 year term mortgages, whereas Canada has short term mortgages that require renewal even though the amortization is the same. We have to renew our mortgage every 3-5 years. And this opens us up to fluctuating interest rates more than the Americans, where if you have a low rate, you can just stick with it and have inflation and the devaluation of money make it effectively cheaper on the long haul.
Canadians decided a long time ago that their home would be their nest egg for retirement, which created the expectation housing prices would continue to rise at exorbitant rates and thus drove prices up and up until today where most have been priced out. I’m a homeowner of four years in my 40’s and strongly believe we need a major price crash. If my house suddenly halved in value along with everyone else’s, I would celebrate.
Sorry, but this is pure fabulation. The home prices went nuts after the valves for the immigration opened, putting pressure by the bottom on the demand, nothing else.
@@evalangley3985 High home prices come from investors treating housing like a stock market. I work in municipal finance, and can tell you that just within the last decade there's been a huge shift in homebuyers, away from owner-occupiers and towards landlords and REITS. I've seen new condo buildings with entire floors of units not owned by anyone but vacation rental companies.
Toronto-based investors groups CAPREIT and Starlight own 120,000 homes between the two of them. Investors own 30-40% of all the condos in BC, Manitoba, Ontario--and if you just look at new builds it's over 50% in some municipalities.
Real estate is the biggest industry in the country, and its entire profit model depends on prices only going up.
I couldn't agree more.
😂😂😂
thank you (from a hopeless renter)
I'm from Canada. In the last few years, I feel like my country wants to starve me by making food too expensive. I feel like my own country doesn't want me to be a part of it because my health matters have made it hard to get a job. I feel like my country doesn't want me to live in it, because rent is getting more expensive. I've looked up Canada's MAID service to see if I'm eligible since there may not be any other way for me to leave this life or poverty.
If you move up north as an individual they will pay you 16$ an hour. 11$ each if your with other people, just to live up there.
Pathetic. You would choose MAID over fighting that why Canada is a failed state.. The Canadians
They told us MAID was going to only be for people who are already at the end of their lives. I knew the whole time it was the government trying to get out of the promises it made to take care of its people. Our government never cared about us. It was always just lying to get votes.
@@Elemblue2I live up north. How do I get this?
Wtf just move or something. Does Canada Just randomly kill it's citizens now ?
It's worth noting that things like the bike lane ban in ON is going to make the housing/economic problem worse. Allowing car-free living is one of the best ways to increase housing supply, reduce business costs, and increase discretionary spending/savings.
As a Western European it is a nice add on but we have the same issues.
Yes. Bikes and bikers are the solution to all of the world’s problems…
@@cristofjulun1265don’t let perfect be the enemy of good
@@cristofjulun1265 Yeah these guys are starting to become as annoying as vegans
@@MaelstrommeCities like Amsterdam, Paris, London, Singapore are really good at allowing car-free living. Problem is those places don't exactly have much affordable housing as well, nor are their living costs low in spite of expensive housing.
I'd leave Canada at this point. Wages don't move. Immigration seems to be the focus and it feels like no new homes are being built. You either get to live in your car or starve in your home
Or make canada 51st state of US. We have rich natural resources, a future sea route. We are in the state we are because we don’t have the kinda constitutional protections that leads to business environment that we have south of the border. We get that by merging with US, together we will be an unstoppable force.
Our problems are a result of policy and the policy is a result of not having constitutional protections that US has. Everyone I know who has left canada and went south has done better than they did in canada. My job fetches atleast 60k more than the what I make now and with 30% reduction in living costs
@@nshs1234as a canadian i am totally on board with being absorbed by america. We are failing here big time
@@nshs1234I know you're probably not Canadian because if you genuinely think Canada would be ONE STATE, you probably know nothing about Canada.
Secondly, sure, people make more in the US, but they ultimately end up PAYING for more things directly as well. Public services are not particularly great in most parts of the US. Your healthcare is LITERALLY tied to your job. So, yeah, your friends might be doing well, but what happens when they're suddenly not?
The education system is a complete mess down there. Crime is incomparably worse down there. Food and drug regulation is much worse down there. And, unfortunately, with Big Orange coming back into the office, I don't think good governance is going to be a priority.
Wow, you really missed the point of this video.
Move to poland or germany 😁
To our neighbors to the North... hang in there, eh 🇨🇦 We love you, you hosers.
I don't. I see them as insufferably smug
But you hate the ones in the south?
@@WillieFungo ironic
@@jame8618 That's exactly what one of you would say.
@@jame8618 That's exactly what a Canadian would say.
And the current government is hell bent on making sure the problem only gets worse over time.
Every neoliberalist government has and is and will continue to do so
The best part is that it's all of the parties that are happy making the problem worse, so there is no easy choice in an election to solve the problem
The "ENTIRE" political party are hell bent, current and their oppositions.
The options from last elections were either f**ked in the front or in the back.
The illusion of choice were on full effect but people were eating propaganda like their mom's cooking.
Wow, you really missed the point of this video.
@rob_barriecharles2042 Wow, thank you random person on the internet, I really care that you don't like my opinion.
As a Canadian in Downtown Toronto RE the prospect of moving to Houston - Depends on how much money we're talking about. Houston is a car infested hellscape with not very many redeeming factors in terms of lifestyle. It would have to be a pretty serious amount of money for me to want to move there.
Yes. Having lived in Houston, you’d absolutely need a car. It doesn’t feel very metropolitan either. It would be such a shock for you going from having such a pretty view with the lake in Toronto to a view of 5 overlapping concrete highway ramps.
I recently moved back to Houston from yyc after a 5 year stint and have zero regrets. Took a 5% ish paycut per year on the currency collapse and the taxes were absolutely insane. Just the difference in taxes would allow me to fly to yyc every single weekend for hiking or skiing or whatever.
More expensive to live in even berta' than Cali. Can't imagine those stuck in yyz or yvr. Canada is straight fucked right now.
Canada and Canadians are preparing for even darker economic times, and it's honestly sad to see 😞
Sheeeeesh
As someone born a bit before the turn of the century, it blew my mind when I found out that someone who is not a citizen (much less a resident) of the US or Canada can legally purchase land/homes here, and same with corporations owning family homes rather than private individuals.
In light of this problem only accelerating, it is really telling of the current state of political leadership on how most are still silent on changing these aspects of that law that are so clearly being abused. At this point, our countries seem to have more penalties for living here as a US or Canadian citizen than there are benefits.
As a Canadian, you are legally allowed to buy homes/land in other countries. I hear Mexico is cheap… I guess that’s why tons of Canadians own second homes down there.
Many countries allow home/land purchases if you're not citizen, that's not unique. Corporations purchasing family homes that they didn't build is the weird twist
@@PunkinBeetsI don't know about Mexico but I know in South East Asia you can 'lease' land but as a foreigner you can never actually own it.
The owning class will never allow anyone to try to address this issue, they'd rather see the entire economy tank than to be forced to give up collecting rents and sitting on assets.
They effectively want the world to end so they can build their twisted ideal one from the ashes
and this 'owning class' resistant to change majorly includes the folk living in their detached homes that don't want their neighbourhoods rezoned. They're rich literally sitting on valuable land because these cities have been poorly planned for density. And now they'll die of old age in their castles and neighbourhood groups fending off and delaying any rezoning.
My friend has DACA, and she has been looking for ways to escape her "golden cage" here in the US. She told everyone a few months ago about how she had learned she could move to Canada through some skilled labor program. I was very happy for her...until she said Canada. I watch a few Canadian reality shows, and boy, am I always surprised to hear their housing and employment market has done the impossible and tall order of being worse than ours. I am still shocked by seeing some of the effects with my own eyes when I visited Montreal earlier this year. Those food prices will blow your brains out.
the food prices are basically the same, we just get paid less.
It’d be quicker for her to the the citizenship process here than to get an affordable apartment in Canada 😂.
In all seriousness, I hope she does start the process. I grew up with DACA people and it took them 3-5 years to get it and they encourage other people to do the same.
Having lived illegally in the US might be a problem though, she’s going to need an immigration lawyer
Due to overpopulation. Too many foreigners, particularly Indians, have flooded the country.
I live in Atlantic Canada. I'd never move to Toronto, let alone the US. We're the poorest area of Canada outside the territories, but I've started two businesses here, in a rural area outside the main couple cities, and am comfortable. Things are slower and calmer than anywhere else I've been. Would not trade that, or the people who live here, for a few extra bucks and the rat race of a huge city, or the crippling medical debt you can rack up in the US.
Canadian here, This is video is a touch out of date already :P unemployment is up 6.8% , and we hit the breaks on immigration. So fun times ahead + technical recession here we come
You could always hire your own STEM grads.
we tapped the breaks on immigration. our ridiculous number has fallen to a slightly less ridiculous number lol
My wife is from Canada, I'm from the US. Our conversation about which country we wanted to settle in lasted a total of five minutes, we picked the US and are actually moving to Texas soon.
Wages are far higher, taxes are lower, regulations are looser, homes are cheaper, the weather is better, and the competition for jobs is lower. If we were to have settled in Canada, between the lower wages and higher taxes, I'd have taken a roughly 40% pay cut. The healthcare isn't even fully free either.
In short, it was an easy decision. If we want to visit, flights are cheap and we have the flexibility to go whenever.
Also if you ever need any serious treatment you can just get treated in your home country if the US healthcare empire is being too greedy for your taste.
The thing with Canada is that you are not going to be broke if you get cancer, which is not the case in the USA. And the gun violence is actually a major issue to. It is way more quiet and relax here. I could have 2 times my salary in the USA, but I would work 2-3 times more. No thanks...
@@mikairu2944well, if you leave Canada for longer than 6 months, that won't work.
@@NormalCleanCars oh, I see
@@evalangley3985 I make enough money/have good enough insurance where if that ever happens it’s not a concern. And if it does, I’m also not going to be subject to the waiting lists they have in Canada. I’d rather be broke than dead. So for the highly paid tech workers of the US, like myself, it’s a far better deal. I don’t have to wait for my healthcare and it won’t bankrupt me either.
A lot of comments here bring up Canada's immigration, and while sure there is a piece to this, it's not the crux of it. Canadians large issue is our housing market. That's it. Past anything else we are in a bubble that is propped up by lawmakers who are also property owners. Canada's largest industry is real estate and it's a self fulfilling prophecy now.
So immigration is not a problem
The problem is that there are not enough houses for the amount of people living in the country
Hummm….
I think you can see the problem
@@albertoweinrichter5441 well yea but it isn't as straightforward.
It's as straightforward as it gets, bring in millions of people and you get a housing shortage. Especially when these people buy up multiple properties to use as investments.
"Miss Tessmacher, when I was six years old my father said to me--"
"GET OUT!"
"...heh heh heh heh...before that. He said, 'Son, stocks may rise and fall, utilities and transportation systems may collapse, people are NO damn good, but they will always need land and they'll pay THROUGH the nose to get it. REMEMBER,' my father said---"
"...Land..."
"Right"
Apple better than land
The thing about the "average income" is that people don't look at the prosperity of their "average" countryman to decide how to behave; they look at their own prosperity. So a small handful of extremely prosperous people might drag up the average, but it doesn't move the needle at all on how prosperous regular people feel.
And what have regular people been decided to do in response to no longer being able to afford a home? Stop having children. You can look at "average" incomes increasing and assume people don't want kids because they're "too comfortable", but exclude the hyper wealthy and see that most canadians are struggling.
Absolutely. This is why looking at median incomes instead is almost always more useful
Income of Vancouver at 3:31 min is for Vancouver in Washington not Vancouver in BC as the source points out.
That's a big oof, but the Vancouver , BC median household is 90k,l (before tax) so not as drastic but still lower than seattle
@@r.t4729 big oof indeed from the creator but I left Vancouver because their housing market is so ridiculous that you need 2 people with 6 figures to have a 'normal' housing experience. Luckily the housing in Toronto and Vancouver are outliers, even if generally our housing is very expensive comparatively overall.
The whole appeal of Canada to immigrants was you came to a safe country, where you would have a lot more opportunity, the ability to afford a nice house and your kids would live much better lives than they would back home. Now that appeal is almost if not completely gone. (I immigrated to Canada myself when I was a kid) Even if your in the top 10% of earners in Canada you aren't able to afford a house, our food and service prices are insanely high (even compared to other countries experiencing inflation we have it much worse due to monopolies in groceries, telecommunications etc.) and our wages are way lower than the US. What your left with is a country that's cold, has a high growth in crime since its becoming impossible for the average person to live, and just the general quality of life and happiness has been going downwards for the last 10 years.
As a young person in university who runs my own business selling vintage clothes and sneakers to mostly other people my age Canada is 100% going to face a very very harsh future and our problems are going to take decades to fix. Young people in Canada are not just broke they are beyond broke and I can tell you first hand as people my age have less and less money each month to spend on clothes and shoes. When people aren't spending money on clothes, that means their not spending money going out, or going to events which means every non-essential industry is becoming harder and harder to run. There is becoming less and less reason to stay or invest your money into Canada as the average persons life here quite frankly sucks and is only going to get worse for the near future. While yes Canada does have much better social programs and better healthcare then the average American, the cons are starting to very quickly out weight the pros. I'm more than likely going to move to either the states or back to my home country in Europe after I graduate because I don't want to keep living In a country that is only going to get worse before it gets better.
Wow that's fascinating I could never move to the states. Hell no as a Black Canadian I'd take the country where I won't get shot by the cops
I’m Canadian but I hate crowds. So I live here in a smaller city where house prices are somewhat bearable.. I own a nice renovated house in a desireable area and I don’t even have a real job 😂 I love the peace and quiet here and so do my kids.
Starlink should make remote work easier.
13:17 Median household income graphic illustrates a comparison of Seattle to Vancouver WASHINGTON, not Vancouver Canada. The combined (renters $67,000, owners $108,000) income in Vancouver is$87,000 according to 2021 census data (3 years old.) The point is valid though: average worker in Seattle makes a lot more than average worker in Vancouver.
Also, in Canada, the banking sector is way more regulated. Failure like Lehman Brothers are highly unlikely, not to mention mortgage can only be acquired with a 5% down payment with CMHC. If you can't get insured by CMHC, then you need a 20% down payment. Also, you can only have a single property covered by CMHC and it needs to be below 1.5M$.
I moved to Europe. Better infrastructure, better pay, and access to training and education to get ahead. Hurts to say, but a better deal all around.
You realise that Europe is a continent and not a country right?
Welcome to Europe. Which country did you choose in the end? Are you from Canada?
@@3_character_minimum News to me
My wife don’t want to believe me but Canada is a ship sinking, and I have been noticing this for years.
She is living the illusion that everything is fine and nothing bad ever happens to the main characters
@@raulbarros8077 been to Canada to years ago, tried to work on a working holiday visa. Left after 2 months seeing wages compared to prices lol. Couldn't land a decent job even as a trained handyman and welder. Never been treated so bad during the hiring process. Not used to that from Germany lol
Man, you didn't have to do us like that. I mean, we deserve it, the country has absolutely gone to shit and it isn't going to get better for a long time. It also doesn't matter who is in power, the entire government serves the oligopolies that make up every major industry in this country. And the only thing that these corporations want is more money and power for themselves and less money and power for the people. They absolutely do not care at all what it takes to make that happen. At this point I'm pretty sure the government of Canada (ie. the corporations that own it), would literally murder millions of Canadians if it was going to make them even a little bit richer.
This is the great strength of Western countries: We live in houses! And houses made us all millionaires. That's how we compete with China's industry, this is the value that we create. We live in houses. As if no one else did. As if it somehow has became more valuable to live in houses. But that's what all Western wealth today is based upon.
And its not like humanoid robots won't be building new housing in the future for the cost of materials only, like 90% cheaper than the existing homes 😂 its going to be weird when everyone's home price plunges.
@@gordo3582 I'm old enough to have grown up before "the internets" and even mobile phonery became a thing. The digitalization should if anything have LOWERED the value of housing, because some jobs that used to require a central location can now be done out in the wilderness, as long as there is some kind of radio transmission available there. (And with Starlink one could as well live onboard a boat in the Pacific)
But instead housing prices soared! Because prices are caused by monetary policies with interest made up to be something like 0% (or a little pony) for decades. Prices are the amount of printed monies divided with that same old house. VALUE is a very different concept that you will never hear any economist ever mention.
@@gordo3582Other than robot built houses are crap quality, will be just as expensive, and they massively struggle with customization - when nearly every building is a completely custom build (I studied pre-fab homes in my construction management program, this isn't the solution you think it is)
@@gordo3582 There's still the issue of land. We already created fucking 3d printed concrete houses and yet the issue persists, wonder why thooooo
great analysis, housing markets actually don't create as much value as manufacturing, services, products. Yet housing real estate gets a lot of the money
As a Canadian, I chose Chicago over Toronto for the higher salary and lower cost of living. It is also a better city overall imo.
Toronto must be awful!
@@Snowball_Investing Did you learn about Chicago from your television set?
less likely to get shot at in TO. Also if you get badly sick you're not also automatically bankrupt.
@@sebleblan In the US employers give us health insurance. In Canada you could also die while on a waiting list.
Chicago also has amazing pizza 😇
Born & raised Torontonian here, I remember there was a government strategy for 50 million population by 2050 and that I feel got a lot of companies promoting they hire foreign workers but are hiring unskilled workers to justify lower salaries, I know my coworkers have always been saying this in the entertainment and food sector. My biggest problem though is these new construction developments and condos are extremely over priced for the square footage but that maybe just because it's Toronto. Honestly feels like a housing sector collapses looming and we're all waiting for it!
As a Canadian living in Vancouver and making 6 figures I am already *strongly* considering moving to Seattle or Texas
Move to Montreal. An avarage house price is about 600k. There are many jobs where French is not required at all. Think IT, sciences, pharma, biotech, aerospace
Move anywhere else in Canada and you'll do better lol
@@antonnnn464 I am from Alberta and want to try Montreal but my fear is my career being stunted by anti-anglo bigotry against me. My education is in accounting
@Tribuneoftheplebs Accoubnting might require some knowledge of French unless you work remotely for an international company/I office but for international accounts.
A dollar in Montreal would get your farther than in Calgary due to lower prices on more or less everything and proximity to civilized(not wild) part of US and cheaper flight tickets to Europe -South America.
@@Tribuneoftheplebs Yeah I am from Alberta and live in Montreal but I work in 3d VFX. Which is a big industry out here. Unless you are in tech, you will have trouble finding work as an accountant without French. Not because you couldnt do accounting or because of bigotry as much as the people you will be talking to/doing your work for almost always will be French. That being said, Ottawa is growing. So is Halifax. The big cities out east are much closer together then out west. So even if you dont like ottawa, you could try other things that are a days drive away. Unlike out west where outside of edmonton and calgary, the next biggest city is vancouver, and thats a 12 hour drive. And going east its Winnipeg, which is a 30 hour drive.
Ive been in my field for nearly 20 years (medical), reached the top i could in our organization and i feel like id struggle to even get a house.
The guy who had my position before me could have bought basically a mansion with the same job 15 years ago.
Id be nervous to have my healthcare tied to my employment concerning the move to texas.
Canadian with a master's degree. I was laid off for nine months last year. Landed a job in the public service earning 15K less than I did two years ago. I'm a single dad and have to spend 60% of my salary 1-1.5 hours outside of Vancouver. I'll never be able to afford a home and will have to work until I die which will probably be when I'm 50 if we continue on this trend. I'm a working professional and it is bleak.
Trudeau's plan was to let the "budget balance itself".
And than you think your own country is bad, but Canada and Aussieland is even worse..
Bruh.. the pain is world wide.
You may want to examine the strong correlation between house price and property tax. Vancouver and Toronto have some of the lowest property taxes in North America which greatly increases their attractiveness as piggy banks for the wealthy and foreign investors. Inside job for city councilors/ mayors who bet big on real estate appreciation and REITs.. Doom loop as running a business or industry in a extreme high shelter cost environment normally leads to their departure unless govt can bring jn cheap labour via immigration. Standard of living drops.
This is truly the worst case Ontario, Jillian.
I’m mowing the air Ran, I’m mowing the air!
Mr. Horse, what are your feelings on all this craziness going on all over the world?
"No sir, I don't like it."
Ren and Stimpy reference?
@@ericventuroso3544 You are correct.
Niiiice one
Guys, at least canadians don't live in Brazil. I am a medical doctor in Brazil (Recife city), one of the highest paid professions in my country and I earn US$15k/year (US$1225/month). The average price for a 800sqft. (74m2) 2 rooms apartment in the city I live (Recife) is US$80k and US$620 for renting. The average monthly income in the same city is US$305. Yeah, the average rent price is more than double the average monthly income.
Most people in Recife live in their parents' home and they only move to an apartment when they marry or when they have someone to split the rent costs. Usually when they rent a place is mostly on favelas, which are very high crime rates places, without basic sanitation or hygiene services and always dominated by gangs and drug dealers. People only move on to a safer neighborhood by financing an apartment for 20-40 years after some years married and some many promotions in their jobs.
Well, and don't think about living in a car here, because you also won't afford it. The cheapest new car in the market costs US$10k and is almost the size of an auto rickshaw. An used very basic 20y old car with similar sizes and which is still working won't cost you less than US$2500 - more than 8x the average monthly income, and not less than US$150-200/month to use and maintain -.
To get even worse, the average monthly supermarket costs here are around US$150. So people are basically trapped: if you only spend with food, you'll have only US$150 to live. You can't afford renting, cause it costs 4x your remaining money. You can buy a
20y old car if you save those US$150 for 17 months, but you won't afford it to maintain it. Well, at least you could buy an 800sqft 2 rooms apartment by saving your monthly savings for 533 months. What a miserable country economy!
If you think you're screwed by living in Canada, try living in Clownzil 🇧🇷🤡🇧🇷
As a Canadian I feel like the best decision I ever made was buying a house as soon as I could. Definitely could not afford a home nowadays otherwise.
Simply, like someone said, their is monopolies on a bunch of Industry, creating unfair and unaffordable fields.
You touched on few things pretty well: immigration, concentration, zoning. I am one of the lucky ones here. I own my own place, an acreage actually, with no mortgage. I can also see first hand one big reason why housing is so insanely expensive. I've been trying to build a secondary residence on a large piece of property with no neighbors and I don't think i can do it for less than a million Canadian. And the land is paid for. Obviously not going to happen. There are so many hands in the real estate cookie jar that it's impossible to build anything.
As for the good luck I've had, yes, but it still sucks. I have to watch my kids struggle and even though I could cash out where would I go? Everything is so expensive here I'd have to leave the country.
I have been in the military, and I have seen other places... you don't want to go there, trust me... you are good in Canada where the only problem is immigration and DEI.
im canadian and i saw two large omissions, first being immigration isnt on its own a problem, the problem with immigration in canada is the government enabling companies exploiting temporary foreign workers even more than they can exploit canadians. the second is our housing prices being so high because the government has been selling off our affordable housing stock to companies who then convert those low-cost, low-profit residences into high-cost high-profit ones, or offices. our government looks at the first few rungs on the homeowning ladder every now and then and decides "nah its not hard enough to be housed yet lets remove these aids" while also allowing the companies which operate in canada to ignore the canadian population as a workforce, since temporary foreign workers can be paid sub-minimum wage, and often their employer is their landlord. the issue is not the immigrants or the unhoused, it is the government which continues to allow ever more abuse so that companies continue seeing their profits increase, because apparently the 2 million greedy canadians each month using the food banks dont need government help, unlike the poor little megacorps. i mean the royal canadian mounted police (rcmp) last year released a report where they claimed a major risk to canada is young canadians realizing we cant afford housing, and to be clear the rcmp thinks it is perfectly fine if we cant afford housing, as long as we believe it is attainable through just a bit more work.
Thats really not it lmao, I agree immigration on its own is not a problem, but the issue is there ahs been a lot of fraud recently in regards to immigration and the gov has accepted way more immigrants than we can handle, like WAYyy more.. This drives down the salaries cause alot of available labour, drives up the home prices cause more people in Canada, clogs the schools and hospitals..
And the response of our Prime Minister has largely been "LALALALALALA I CAN'T HEAR YOU!" Problem is, the alternative is basically Temu Trump.
So you'd rather be homeless and hungry over having discount orange man for a few years?
@@Nick-ue7iwI wouldn't mind if he actually had a clue on how to fix things. Giving massive tax cuts to the rich and gutting the social safety net is not going to do that.
Temu Trump? Pierre Poilievre?
@@PXAbstractiontax cuts and reduced gov spending will reduce inflation and help the economy but probably not enough. Need to build houses and or reduce immigration
@@PXAbstraction It'd be nice if we could get someone with a basic understanding of economics to run the parties. The problem is the public doesn't actually want to make the sacrifices necessary to fix our economy.
my sister had a pretty interesting path in life. We're Chilean but she lived in the UK for 15 years because of job opportunities. That lasted until Brexit fucked the country, and my BIL's company lost a lot of clients. So...they relocated him and his family to Toronto. In less than 1 year my sister had developed a depression, the school their kids went to was horrible, they hated the culture and the small town vibes, and the supposed wage raise my BIL got from the relocation was eaten by how much more expensive the cost of living is compared to London. So they finally decided to move back to Santiago, and they're pretty happy with the decision. Sure, in here they had to get a car; pay to get better health insurance than what the public system gets you; and my nephews had to adapt to talking in Spanish all of the time, but they manage to make ends meet much more comfortably, Plus they live where their families are, there's good weather, and the city is quite vibrant despite our recent security crisis.
When your cost of living is higher than London you know its fucked
As someone who lives in edmonton alberta, the property problem isint as bad. If I were given the opportunity to move to Texas I wouldn't take it as I dislike the weather there enough to stay in the ice.
I have a CS masters and work in Cyber security, most and I mean 2/3rds of the people I graduated with have already move to the US and the rest are honestly considering it
LOL! Richard of the Plane Bagel is a "comedian" is comedy gold!
Canadian here. Had to move back in with my parents. Counting every penny in hopes that i could survive the incoming economic disasters.
Thumbnail reminds me of top gear
How hard could it be?
The worst housing market.................................................................................................... in the world....
@@HowMoneyWorks You can't help but read this in Clarkson's voice.
@@SamTheMan666 😂
@@HowMoneyWorks *cries in Hong Kong*
As a Canadian making $60k CAD just starting my career, I work with Americans all day who make $75k-$130k USD, most have homes are are buying and complain they don’t make enough, I live at home with my parents saving up and paying debt, I’ve seriously thought about moving to the states at the same job for a better pay, my medication and illness is the only reason I haven’t yet
1:11 fix third party’s audio, my ears blew up
Young Canadian man here. I come from a poor background and it’s extremely hard to get ahead. No job opportunities, groceries are expensive, long winters, housing market, etc etc. Terrible here.
Not to mention can’t get a job to save your life.
You forgot mentioning the terrible weather! In Canada with 1 million costing a mediocre house with this terrible weather you can easily buy two luxurious houses in Italy and Greece.
A house lol my condo cost more than a million fml.
Depends where in Canada ... Vancouver and Toronto are skewing the balance a lot ( even though Montreal is on the rise as well, but it's still possible to get something decent for like 400k in the suburb there ).
@@donwald3436 sorry I forgot to mention buying the house somewhere in the canadian wilderness 🤣
Then move to Greece?
@@chrisd997 its cheap outside of cities though, but nothing to do.
Increases in home costs pushes out single income home buyers but is still affordable by groups of investors. They will then rent back the home to the potential home buyer at increasing cost, preventing the home buyer from saving enough money to buy their own home. Also, we can lock in a mortgage rate for only 5 years. And, real estate agents' take is 5%, which is rapidly becoming unsustainable the more expensive homes get and how quickly they are flipped (because homeowners want to recoup that when they sell). Repeated until it breaks.
Spent an 18 hour layover in Toronto and took two ubers. The amount of disgruntled Canadians was wild to see.
Yet those in Ontario voted for the current government. They're getting what they voted for.
nothing they can do about it Canadians removed all their guns and genitalia years ago. they are under the CCP now.
@@johnqpublic9074you're delusional if you think the government can solve the problem. It's a demographics problem, so unless they deport all the old people nothing will improve.
Canadian recent grad here. Even though I earn roughly the median income in Toronto as a professional in finance, its nowhere near enough for a good quality of life if I were to move out. Just saving and investing while living with my parents so that I can hopefully get a job in the states where I would not only earn more, but in a stronger currency, would be taxed less, and also be required to spend less for the same stuff.
At 3:34, your household income statistic for "Vancouver" is for the city of Vancouver, Washington, US, not Vancouver, BC.
Ahh you beat me too it. Additionally though even if it was our Vancouver, tons of people don't realize how little of an area and population is and using a Vancouver stat and applying it even to only itself plus north and west Vancouver is still misleading cause most people look at that stat and will subconsciously apply it to the entire greater Vancouver area.
Too many Canadians got suckered into voting for Liberals and NDP's. It's so ironic that the previous Conservative government somehow ended up building more public infrastructure, kept the cost of living steady, and maintained a strong manufacturing and natural resource sector. The cost of housing still went up at that time, but it was at a slower steadier rate. Then somehow the Liberals became more conservative than the Conservatives.
im getting tired of this canada bashing, being a trend even if these are real issues.
That being said I appreciate the people talking about the problem, and not just doing what seems trendy out here which is trudeau bashing (even though he does absolutely deserve criticism) Because these problem have been ongoing before Trudeau and through both liberal and conservative governments. So talking about the problem a-politically (because it is a systematic a-political problem) is beneficial.
And no I wouldnt move to Houston. Canadian healthcare has problems, but its never going to bankrupt me like American healthcare does. And the recent presidential vote shows me the general sentiment of the people is still wildly different then the sentiment up in Canada. And Canadians are proud of our own country. And that we have more free trade agreements then any other nation. That is a testament to our positive image world wide.
You're right. The general sentiment in the US is far different from Canada.
The idiotic leftist progressive agenda didn't work and they corrected course instantly.
Meanwhile, we've had Trudeau for 9 years and you still act morally superior by pretending recent election results are a bad thing. This is why we're stuck with garbage government. Canadians value moral superiority over their own well-being.
Canada is a very self hating country. The US is plastered with American flags anywhere you go.
In Toronto, you're likely to as the gay flag more often than the Canadian one.
Everyone wants to work for a corporation, nobody wants to work for themself. More people are fired, more people can't get hired, more people don't spend on products and instead spend more on land which hasn't changed, etc. We're caught in a debt spiral and eventually something will snag and the whole thing will get crushed as companies try to escape with some kind of profit.
I was in Calgary this year... and the town seemed like a ghost town. It was very well maintained and everything, but there were just no people. Even in a large city mall, there was hardly anyone! The skyscrapers were empty as well, it didn't seem like anyone was actually working there anymore... i was really perplexed to see this!
Yyc calgary sucks ,you can't even find a good restaurant, there are just a bunch of homes it is a sanctuary for canadians who wants to buy a home and die in that.
@@nitinprasad3842 do you know what happened to make the city center so devoid of people?
A lot of professionals in Calgary, a huge amount of companies stuck to online offices after Covid compared to Canada, everyone I know here works from home if they’re not working in trades, also Calgary has always had a big homeless issue but now it’s so much worse, making downtown kind of dangerous, also every restaurant in this country has literally the same menu it feels so no one goes out either lol
That's Calgary on a good day. It's notorious for being a boring town, even when oil prices are up.
@@alexgenereux276 the homeless problem seemed much worse in vancover when compared to calgary to me. i'm a bit surprised to hear that!
And as for the restaurants... yeah it often feels rather same-y, but i though that was more down to it being one huge country rather than many small (culturally distinct) ones like in europe.
It's amazing how quickly a nation can go from favorable to whatever Canada is now in less than a decade.
Error! Error! at 3:40 You are comparing Seattle median income to Vancouver, Washington.
Canadian here, yeah the mindset of out country sucks so much, no investment, no creation of wealth, glad I decides to take matter in my own hand since a couple years to create wealth for myself and my familly
Youd think 80 grand annually working up to 100, zero debt, plus 120 grand down payment would maybe be able to net a person some form of property in a major Canadian city.
"Lol", said TD Bank, "Lmao"
Sir, you sound financially responsible, unfortunately, your financial responsibility means you have no credit history because you, being financially competent, have failed to rack up any debts, therefore, we can't insure your mortgage. Sorry for the inconvenience and perhaps next time, you can be like your better others who collect welfare and then squander it all on designer bags, shoes, clothes & perhaps a status symbol in the shape of a vehicle, who is content with never owning a property and paying us thousands of dollars a year in just the interest payments alone on credit card debt. Good day, sir!
I've said for years: If you don't own land, you own nothing. Similarily, if you have to pay taxes to keep your land, you don't own it either.
I remember when you could make a decent living with a little more than minimum wage in Canada
As a Canadian who left Toronto for the US in 2021. You’re bang on. Worst part is it affects young Canadians the most and will continue to. If you were born in Canada your almost screwed.
0:35 Dude, I literally opened a bag of Lay's to eat while watching your video, not cool
it's insane the amount of resistance against density rezoning by the old folks clinging to their lifestyles - we got 2 very sensible rezoning changes recently rejected after public hearings because the neighbourhoods want "careful urban planning" and don't want more traffic near where they live when the places would be PERFECTLY FIT beside some existing bus and train routes. The city wide rezoning only barely pushed through because we basically ignored those ancients in the news worthy 'landmark' public hearing. And now it'll be too little too late waiting for those 'neighbours of ' groups to die of old age.
The governments house of cards economy and ponzi labour schemes is the reason why we are stuck in this cycle of needing infinite population growth. I'm not going to accept the destruction of my standard of living because the government spent decades destroying the economy for their own gain & now wants you to accept living like a bug and have chucklenuts here just accept it all because it's the right thing to do(tm).
5:27 VERY unfortunate animation...
As a Canadian who lives in his car, I can say that this is 100% accurate, Even though I've only watched one minute.
Edit: halfway through and also reading a few comments, You're missing a few things... But that's also because you're not Canadian.
One of the comments pointed out that we have monopolies out the arse here. Cell phones, grocery stores, Banks... Not too sure what it's like in the USA, but wowie Big businesses love eating other smaller businesses and keeping us in our place.
To add on to that, our education system, similar to yours, is s***.
We aren't taught about ourselves in school, We only learn about a bunch of theoretical and applied advancements that we've learned throughout history... Which we managed to write down, remember and make better, which is awesome, but I think we should only learn and expand on certain things if it's something that we plan on doing with the rest of our life, and of course basics that you need to survive (and maybe even some survival tactics, in case you become homeless or something? They really teach us nothing, unless you get really good teachers who sometimes teach you some things, but they're rare). We learn so much useless crap in school that we never use again, All because of a system that doesn't seem to want to change.
We need to learn about the eight factors of Wellness, and how they pertain to us, especially about occupation, The different jobs out there, and even possibly letting people get into work a little earlier so they can make money earlier.
I don't actually understand why We force kids to sit in school until they're 18, and then for some reason going to more school... Such a waste of money, and then teaching kids about money... That's another demon in itself.
Another Canadian here. Texas > Toronto, easy choice.
Please get me out of here 😢
A major factor in the lack of a real estate crash in '08 is that most of Canada, including the largest cities, see mortgages in which the bank can pursue an owner for any remaining amount owed after foreclosure - you can't walk away from an underwater mortgage, which significantly damped the crash.
Canadian here...there are places in the country that actually exist outside Toronto and Vancouver btw
The problem with that is that those places are getting a flood of people pushed out of Toronto and Vancouver now. The rural area I live in is full of “people from Ontario”…including me. I married a Nova Scotian living in Ottawa, and we left to live close to her family because there are still a few houses under $500k here.
same trends exist outside there though. If anything in a lot of places its worse....
The problem is across the board. People from those two cities have been moving to other "less expensive" cities like Calgary, Edmonton and driving prices up there. People are flooding small towns since big cities are not affordable but these small towns are getting expensive really quick that soon, there won't be much of a savings to move to said towns.
You're right, the issue is it really depends on what you do, and even then, those home prices are still astronomical. My home town is like 3k people and we are about 100 minute drive from Toronto or a 50 minute drive from the go trains. We are considered a commuter city of Toronto. In my home town the cheapest homes are still over 500k. Literally the richest friends I have all bought real estate early. Rinse and repeat. There aren't "starter homes". Fundamentally housing is mostly being purchased not by first time buyers but those using it as an investment.
Cities surrounding large urban centers gets hammered everytime real estate prices climb in the metros.
I live an hour's drive West of the GTA and have seen 3 major price escalations since the late 80's.
On top of that, because new josunng builds have slowed, inventory is tight and that adds to uncontrollable costs
A big part of the housing crisis in Canada is caused by excessive government overreach. Permits upon permits upon permits before shovels in the ground. A lot of development companies end up abandoning projects before they start because the cost of the permits and wait times most it unprofitable for the companies to develop
British Columbian here, I agree that our problems are colossal. I have debated moving to the US for money. I'm a physicist, and the opportunities for money in the US are outstanding. However, if all of the talented people leave, we'll certainly be doomed. We must choose to stay here, and work our lifetimes to make it a better place. Any problem can be fixed. I'm hoping that talented people elect to stay. We need great minds, persistent people to dig our way out. This country is unbelievably beautiful, the Rocky Mountains are a religious experience. It's worth fighting for, I hope people choose to stay, fight for what you believe in.
The government won't take any action until things seriously blow up. If you want things to improve, you need to leave the country. Then they'll actually start incentivising people to come back.
@ryancomeau4485, There is a point of no return at which you're the last person on the Titanic swearing that if enough people had stayed, they could have kept the boat from sinking. I have no idea if Canada, or you, are at that point yet but it does exist.
Amen dude, my thoughts exactly.
So your degree, that was subsidized by canadian tax payers, is going to be use for a practice in the USA, where you will earn about the same anyway? Thank god people like Minister of Health Christian Dube is imposing a 5 years requirement for local practice for any new MD in QC. The little respect I was having for your profession just went down the toilet with that comment. And ironically, I had a bad experience yesterday with a doctor telling me I didn't know what was happening in my life and to buckle up without reviewing my medical history. I really like how she simply told me this is a 10 minutes appointment, and OK about 10 times after not renewing my medical note that she told me she cannot do while the past physicians told me to come back for a renewal. I left and told her to learn to listen to her patients, maybe they know a bit about their reality. Now I need another appointment for dealing with this. Doctors my friends...
@@ramizabdulahad8419 Going to the US is not the solution...
With all these issues, I find it fascinating that people from my own country are still striving to immigrate to CA.
In fairness, I'd rather be dirt poor in Canada than dirt poor in the US.
This is absolutely true.
You guys don't really know anything about the US. The truly poor in America get more freebies than anyone in the world.
Nope, I would wish for the opposite.
Also, who compares the life of poverty in different countries anyways? Despite being neighbors, the overall mindset of Americans and Canadians is vastly different. You guys always look down, while Americans always look up.
I did a bad thing by posting before I finished the video, so here's my Canadian answer re: Moving/Houston. I work in defence/tech, so I can definitely make more money if I moved stateside. But I wouldn't: firstly because I have a daughter, second because whole family healthcare costs shrinks the salary gap considerably, thirdly because I would be uncomfortable working directly for US weapon manufacturing (I trust my government to be more responsible than the US), and finally because climate change makes anything south of Seattle an uninhabitable hellscape for most of summer. That said, I own a house, so if I was 15 years younger and paying 3500 a month to rent a 3 bedroom, I might feel very differently)
I'm Canadian, I moved from Toronto to Detroit a few years ago and was able to buy a home which I'm sitting in now. My salary in Toronto was about the same as it was when I moved to the US (the numbers at least) but getting paid in USD makes a big difference.
Just here in America embracing the suck with FJB, Canada got what they voted for.
Canadian here. People should also be aware that china has been buying up properties as investments, which… isn’t bad if a few do so, but when thousands are doing it, it’s continually successful, AND immigration is getting out of hand, as were not building enough home, the infrastructure is overwhelmed and everyone gets f***ed… it’s a whole lot of things combining for the perfect storm. It’s the 2008 financial crash for Canada.and it’s gonna be a rough one.
2:28 i see a pc on with only chrome, steam and photoshop pinned what else do you need 😂