People are fleeing Canada!
- Thread starter TekNiKo
- Start date
I find it ironic that you of all people who bash Somalis for leaving their country's bad economic situation is posting this and rejoicing. Aren't Canadians also ajanabi loving self haters? or they just looking to improve their quality of life or support themselves?
Canadians must be the new gypsies as well right?
Anyways it's easy to see what's wrong with Canada's economy but most of these videos just repeat the standard talking point about a housing crisis and high prices. They don't offer much explanation except blame the goverment.
Whats at the root of Canada's economic problems and housing crises is how heavy real estate centric it has gotten over the years, the culture of lack of risk taking investment in other sectors of the economy and the lack of diversification.
betterdwelling.com
It's also what is dragging down economic growth and lack of jobs in other sectors
https://thehub.ca/2023/09/13/is-canadas-real-estate-driven-economy-dragging-down-growth/
Canadians must be the new gypsies as well right?
Anyways it's easy to see what's wrong with Canada's economy but most of these videos just repeat the standard talking point about a housing crisis and high prices. They don't offer much explanation except blame the goverment.
Whats at the root of Canada's economic problems and housing crises is how heavy real estate centric it has gotten over the years, the culture of lack of risk taking investment in other sectors of the economy and the lack of diversification.
Canadian Economy Dangerously Concentrated In Real Estate, But Gov Wants More
Canadian Economy Dangerously Concentrated In Real Estate, But Gov Wants More - Better Dwelling
Canadian real estate sales are slow but the industry is still swallowing the country’s economy. Statistics Canada (Stat Can) data shows residential investment gained in Q3 2023. The country’s economy is now significantly more reliant on housing than the US during the 2006 housing bubble, and...
betterdwelling.com
It's also what is dragging down economic growth and lack of jobs in other sectors
https://thehub.ca/2023/09/13/is-canadas-real-estate-driven-economy-dragging-down-growth/
Canada is like bay area in California, expensive rents, high taxes, sky rocketing cost of living, but with no wages of the silicon valley. Their man problem, as far as I know, is the housing problem, they simply don't enough houses to accommodate new comers or the natives. And the gov is not doing enough to build more.
I am one of them! Thank God I left that sh-thole. Its turned into India now most Canadians would agree Canada is finished thanks to LiberalsI find it ironic that you of all people who bash Somalis for leaving their country's bad economic situation is posting this and rejoicing. Aren't Canadians also ajanabi loving self haters? or they just looking to improve their quality of life or support themselves?
Canadians must be the new gypsies as well right?
Anyways it's easy to see what's wrong with Canada's economy but most of these videos just repeat the standard talking point about a housing crisis and high prices. They don't offer much explanation except blame the goverment.
Whats at the root of Canada's economic problems and housing crises is how heavy real estate centric it has gotten over the years, the culture of lack of risk taking investment in other sectors of the economy and the lack of diversification.
Canadian Economy Dangerously Concentrated In Real Estate, But Gov Wants More
Canadian Economy Dangerously Concentrated In Real Estate, But Gov Wants More - Better Dwelling
Canadian real estate sales are slow but the industry is still swallowing the country’s economy. Statistics Canada (Stat Can) data shows residential investment gained in Q3 2023. The country’s economy is now significantly more reliant on housing than the US during the 2006 housing bubble, and...
It's also what is dragging down economic growth and lack of jobs in other sectors
https://thehub.ca/2023/09/13/is-canadas-real-estate-driven-economy-dragging-down-growth/
Chaseyourdreamzz
VIP
Canada especially Ontario stopped building affordable housing in the 90s this problem was years in the making it just became out of control in the late 2010s
They have actually started building more affordable housing since last year i believe
Toronto council passes Mayor Olivia Chow’s affordable housing plan
Under the plan, the city would take the lead on 65,000 units of low-cost housing, requiring tens of billions of dollars to build
www.theglobeandmail.com
How i see it is that, its not only insanely expensive for the government to build under the current environement, but that also that house hoarders will eventually get to them and raise the price of them.
It's because Canada made housing into the primary investment vehicle, which has just shot up the prices and made things more unaffordable overtime, and decreased the available units.
Instead of investing into business/entrepreneurship or service sector or other aspects of the economy.
Huge corporations are buying up 300 or 400 dwellings with no other incentives than to rent out outrageously high rents. Then there is also the house flippers as well.
They are all lined up in cues to get retail, airport and fast food jobs? Hundreds of people lined up for 1 position at a restaurant.
They have ''McDonald' job fairs''
@Ghengis Kaarhis @Yami Didn't know it was this bad
What is the cause of Job vacancies?
Ghengis Kaarhis
VIP
They are all lined up in cues to get retail, airport and fast food jobs? Hundreds of people lined up for 1 position at a restaurant.
They have ''McDonald' job fairs''
@Ghengis Kaarhis @Yami Didn't know it was this bad
What is the cause of Job vacancies?
It's so messed up in so many ways it's not even funny anymore.
In terms of immigration, they have been bringing an insane amount of people in within the country. It wouldn't have been much of an issue because Canada theoretically has both the space and resources to accommodate them. I'll list down several reason of how and why they fucked up.
1. Building
Canada has an insane amount of landmass but the majority of that land is "Crown land", actually it's more of the tune of 89%.
Land ownership in Canada - Wikipedia
2. Demographics
Canada has always been an immigration friendly country and it worked for them for a long time. It worked out because they had a balanced approach, whereas now.....well let this small graph that portrays ONLY the enrolment of international students up until 2022.
Notice how India literally triples the 2nd position place. Well that's a huge problem. Having large scale immigration from a specific country in a short span of time is a recipe for disaster. Especially when it's people as insular as indians are. Now in the rental and job market there is an insane amount of nepotism and racial discrimination that is coming from these new Indian comers. If the person that is interviewing you is indian might as well walkout the interview. Trying to rent a place, good luck if you not gujraat.
Anyway Canada is fucked and inshallah I'm out in January inshallah, got a teaching gig in caraabta.
Wth they reached Novia Scotia? Canada is so finished! Thanks to Trudope
It's so messed up in so many ways it's not even funny anymore.
In terms of immigration, they have been bringing an insane amount of people in within the country. It wouldn't have been much of an issue because Canada theoretically has both the space and resources to accommodate them. I'll list down several reason of how and why they fucked up.
1. Building
Canada has an insane amount of landmass but the majority of that land is "Crown land", actually it's more of the tune of 89%.
Do you think they build into those lands? They don't, as a matter of fact they make it very difficult to build in general. The permitting system to build stuff in Canada is insanely difficult for no reason. Also within cities and municipalities of various sizes, there used to be medium/small businesses that would build houses, that is almost non-existent now, as it's multi-million dollar companies that will refuse to build anything below a certain profit margin. So this is the first step to inevitable housing issues.Land ownership in Canada - Wikipedia
en.wikipedia.org
2. Demographics
Canada has always been an immigration friendly country and it worked for them for a long time. It worked out because they had a balanced approach, whereas now.....well let this small graph that portrays ONLY the enrolment of international students up until 2022.
Notice how India literally triples the 2nd position place. Well that's a huge problem. Having large scale immigration from a specific country in a short span of time is a recipe for disaster. Especially when it's people as insular as indians are. Now in the rental and job market there is an insane amount of nepotism and racial discrimination that is coming from these new Indian comers. If the person that is interviewing you is indian might as well walkout the interview. Trying to rent a place, good luck if you not gujraat.
Anyway Canada is fucked and inshallah I'm out in January inshallah, got a teaching gig in caraabta.
Thats nearly 1 million foreign students and i checked the figures , the US hosted 1 million last year as well but they have population 334 million compared to 40 million in Canada.
I think the bigger problem is that Canada excepts a high number of student but it doesn't look like they give them lodging or stipends or grants etc for them to sustain themselves without a job
Ghengis Kaarhis
VIP
Canada has a bad habit of self sabotaging lately. Even economically their best performing areas in the country is where oil and gas are extracted. However they want to stop/reduce the drilling in favour of having less green house emission than in 2019 by 2030, so basically stifle the only economically productive sector you have.
During covid in the middle of the pandemic when they had nurse shortage, they fired a bunch of nurses because they didn't take the vaccine which ultimately wasn't even needed. Flights across canada are insanely expensive. It's almost the same price to go from Toronto to Brazil than Toronto to Vancouver
Canada is also not a business friendly nation, as soon as a business is having some success and it is able to move, it'll move to the USA as soon as it can. They're just fucked all around.
Where did you move to?
Canada has a bad habit of self sabotaging lately. Even economically their best performing areas in the country is where oil and gas are extracted. However they want to stop/reduce the drilling in favour of having less green house emission than in 2019 by 2030, so basically stifle the only economically productive sector you have.
During covid in the middle of the pandemic when they had nurse shortage, they fired a bunch of nurses because they didn't take the vaccine which ultimately wasn't even needed. Flights across canada are insanely expensive. It's almost the same price to go from Toronto to Brazil than Toronto to Vancouver
Canada is also not a business friendly nation, as soon as a business is having some success and it is able to move, it'll move to the USA as soon as it can. They're just fucked all around.
Wallahi you aint kidding. I search up Canadian Economy and it's just a whole bunch of articles like these that pop up
COMMENTARY: Canada Is Falling Behind On Living Standards — Can It Catch Up?
Canada, once admired for its high living standards, now faces a worrying decline, writes Dr. Felix Arndt, Department of Management, University of Guelph.
news.uoguelph.ca
Wealth gap between rich and poor widens at fastest pace on record in Canada - National | Globalnews.ca
The top 20 per cent of earners in Canada held 67.8 per cent of the country's net worth, compared with the bottom 40 per cent holding 2.7 per cent.
globalnews.ca
Did the economic problems start to become this bad in 2023?
Ghengis Kaarhis
VIP
Wallahi you aint kidding. I search up Canadian Economy and it's just a whole bunch of articles like these that pop up
COMMENTARY: Canada Is Falling Behind On Living Standards — Can It Catch Up?
Canada, once admired for its high living standards, now faces a worrying decline, writes Dr. Felix Arndt, Department of Management, University of Guelph.
Wealth gap between rich and poor widens at fastest pace on record in Canada - National | Globalnews.ca
The top 20 per cent of earners in Canada held 67.8 per cent of the country's net worth, compared with the bottom 40 per cent holding 2.7 per cent.
Did the economic problems start to become this bad in 2023?
It didn't come up in 2023, it was an combination of bad policy making and benign neglect. Some people say it's incompetence but I'm leaning more in the direction that it was manufactured.
If anything the first time it became apparent to the masses was in Trudeau's latter years. But I wouldn't attribute it solely to the Liberals/Trudeau, Pollievre won't make much of a difference. It's all by design imo.
Also things will take a turn for the worse with Trump's presidency. NATO members have agreed to spend 2% of their GDP into their own national defence by 2024, several members including Canada are heavily behind on it. So now Trump is pressing all those nations to pay up and he's also threatening and exit from NATO. Canada is not only in a position to pay up that 2% of their national GDP, they'll have to fork up more if NATO dissolves
It didn't come up in 2023, it was an combination of bad policy making and benign neglect. Some people say it's incompetence but I'm leaning more in the direction that it was manufactured.
If anything the first time it became apparent to the masses was in Trudeau's latter years. But I wouldn't attribute it solely to the Liberals/Trudeau, Pollievre won't make much of a difference. It's all by design imo.
Also things will take a turn for the worse with Trump's presidency. NATO members have agreed to spend 2% of their GDP into their own national defence by 2024, several members including Canada are heavily behind on it. So now Trump is pressing all those nations to pay up and he's also threatening and exit from NATO. Canada is not only in a position to pay up that 2% of their national GDP, they'll have to fork up more if NATO dissolves
He actually said they should spend 4% of GDP and the NATO Secretary General agreed with him.
75% of Canada's export trade goes to America , so trump will crash the Canadian economy so hard with these tariffs.
The future is looking bleaker.
Trending
-
-
-
American Muslims who voted for Trump or Abstained- Come see your gifts- Started by 𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒
- Replies: 61
