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Canadian here. It's unfair that you compare Shopify to Google with Google being one of the largest companies in the world. Also the housing market crisis in Canada is because we have an unsustainable housing bubble that should have poped over a decade ago but didn't and a large chunk of the economy is tied to housing. I was almost kicked out of my socialized house because they want to go from renting to selling it at market value

As a Canadian, I’m glad you addressed that things aren’t perfect here, either. Housing crisis. Brain drain to US. Etc

You forgot to mention that those High Skill Migrants that go to Canada LEAVE CANADA and go to the USA afterwards anyway. While we still take in a lot of unqualify migrants that should be sent to the outer region instead come to the cities and cause more problems for Canadians citizens already here because of the Federal government while leaving cities like Toronto to handle the horrible Housing and homeless crisis. Canada has a HUGE Brain drain problem and declining population problem. Thats the only reason Canada is so open for immigrations. Canada is Cursed and lucky being close by the US.

MAKE THE CANADIAN HOUSING CRISIS VIDEO PLEASE. It’s such a joke living here

Canadian housing market crisis will definitely be a very interesting video. Cannot wait for it!

This video is a joke with an agenda. If America let in people as easily as Canada did and in the same proportion to its population could it not end up having the same housing crisis? Besides that, the video pretends Canada is this amazingly superior place when it comes to immigration when the left wing government wants to bring people in in the hopes that they will mainly vote liberal. In America in the 2020 election which way certain states went (such as Pennsylvania) came down to immigration. People have done studies and found if they threw citizenship at certain people they'd be voting around 70% Democrat. Where the government sets these people up also determines election outcomes. I don't want to live in a country where the government values immigrants for voting purposes more than the native population. That is a subversion of democracy. Imagine being born in America and living there your entire life. There are politicians that feel no obligation to change your mind and win your vote. Instead they look at you and those like you as people that are to have to their votes negated/canceled out by forcing another amnesty of illegal immigrants. They would rather reward criminals for their crimes to win an election than actually make a case for electing them to law abiding American citizens.

Wow, I didn't realize just how bad the Toronto housing crisis is.\n\nHopefully the new mayor can fix it. She seems very pro-development.

fhe cause of the canadian housing crisis is nothing more than a lack of supply. i doubt it will continue to be such an extreme problem in the future

One thing I would like to note is that Canada is not welcoming in only highly skilled workers. If you can work at a Tim Horton's you qualify. This has lead to a flood of new workers who HAVE to have a job in order to stay at a time where the existing labour pool is refusing work due to pay lagging far behind inflation for two decades. Those salaries discrepancies you listed are not exclusive to the tech sector, they are economy wide. Often you'll here talk of a labour shortage in Canada, but ask for the number of applicants to jobs and you quickly find out the reason no one accepted is because the full-time job offered requires a part-time job to barely make ends meet. \n\nAnother factor is that housing happens to be the bread and butter of ~40% of our MP's. Hell our Minister of Housing himself owns properties that have appreciated massively due to the lack of supply and high demand. He then goes on national TV and says high immigration will solve the housing crisis despite Canada already having over 4% of our entire labour force already in the construction industries (America is a little over 3%) and the men and women who build our houses being unable to afford the homes they build ($22.07/hr CAD average or ~$16.66 USD. compared to $22.29/hr USD). 14% of our national GDP is housing. 14% of our entire economy is just money changing hands internally with nothing of value made. \n\nThen you have the combo of landlords benefiting from the immigration programs who try and evict the tenants on their properties to replace them with immigrant labour. They then take the cost of rent right out of their salaries. The workers can't quit their jobs because if they don't have a job they are at risk of being deported and also loosing their homes so they end up shacking 8 to an apartment to try and make ends meet. This becomes the standard the rest of the economy has to meet. \n\nIt is a rare sight to see someone who is anti-immigrant in Canada, but the majority of people here understand that immigration is a problem the way it is currently run. You have people who come here hoping for a new life being forced to sleep outside under bridges because while they may have a job they don't have a home and the shelters are already 200% capacity. Tent cities are the norm in any major urban centre now. There are crack dens in Toronto that are the same price as Castles in the UK. And this problem is only going to get worse.

If you're thinking of coming to Canada. Think again.\n\nCanada is experiencing a housing and services crisis brought on by its open immigration policy. We didn't build out housing and services to meet the increased demand. This problem started in our three largest cities, but has since cascaded across the entire country.\n\nStudent? Expect to pay $400 USD a month to live in a basement room, shared in a 150 year old house in the worst part of the city with 8-14 other students. I help renovate these rooms and I've yet to see one that wasn't covered in mouse droppings.\n\nIf you're a professional, expect to room up. Canadian salaries lag well behind their US counterparts so prepare to pay out 60% of your monthly earnings on rent.\n\nNeed to go to the hospital? Wait times range from 5 hours to 48 hours. If you leave the waiting room because you need to.. I don't know... eat, then you forfit your spot.\n\nWant to buy a house? Good luck with that. You'll need either rich parents, two unusally high powered incomes, or preferably both.\n\nMany Canadians are starting to leave for the US or places like Columbia or Cambodia as they feel their quality of life is much better. You also don't experience four months of winter in these places.

I lived in Canada from 1983 to 2016 after I left the US Air Force in '83. I was born in the SF Bay area, and grew up there in the Hippie peace love/Viet Nam era in the 60's and 70's. I now live in Seattle. As we have travelled to San Fran, New Orleans, Nashville, Miami, Vancouver (Canada) and New York in the last 6 months, I kinda have a pretty good idea how it was on both sides of the border way back then, as well as right now. We have 2 rental homes, and I STILL have to work until I'm 70 to retire without worrying about losing it all because of the the high cost of health care. Your observation of race/political/religion relations are naive at best, you need to travel the country first hand to see it. Canada has it's far share of right wing crazies as well. They're mostly not armed, and most fights are 5 minute shouting matches. I know this because I work on construction sites. Canada doesn't have commercials for pharma or ambulance chasers. Because big pharma is kept in check, and with a population slightly smaller than California, frivolous lawsuits would clog the courts. If the PM killed some one on the corner of Yonge and Bloor in Toronto, he'd go to jail. You can get an abortion in Canada. There's a fraction of the Fentanyl crisis happening in Canada, and they have waaayy less homeless in the street. Canada has 2 weeks paid vacation AND paid holidays. The tax rate is higher in Canada, but many of the benefits make up the difference. It's cheaper to buy a house in Seattle than Vancouver. You can get a 30 year mortgage in Washington as well, instead of 5 or 10 years. Good and services tend to be cheaper and more plentiful Stateside. Mail service runs on weekends, it hasn't done that in Canada since the 80's. As it stands, I'm in Seattle right now because it isn't the typical US city by far. But I'm thinking when it comes to retiring, I'm putting Canada on the list. Being a dual citizen also makes me eligible for the other Commonwealth (universal health care) countries like Australia.

Another reason why Canada has a housing crisis (lack of & expensive) is due to colleges & Universities wanting to make more money from foreign students. On average Vancouver area see's about 8 thousand international students taking up local housing making it hard to find & more expensive !

The single issue I would have would be the healthcare one. But as of now, this year of our lord 2023, Canada is on a slip-n-slip straight to socialist hell. And I would have a difficult time finding any other reason not to choose the US. Even with the health care, since the pandemic - and possibly because of mass firings - our system has been so stressed it's now actually as dire as Americans have always believed it was. On top of that, people in need of life saving surgery's are being refused if they haven't been jabbed, people are literally bring left to die. We have a housing crisis and a homelessness crisis, so what does our government do? Brings in a bunch of economic migrants to further stress our system. All in all, the US would be a much better option today.

Crippling cost of higher education, gun culture that I'll abstain from judging further, crippling cost of healthcare, many large cities with housing crisis similar and sometimes worse than our own cities, cities built around car ownership instead of prioritizing efficient public transportation.\nI would visit family but not live there. I must say that listing only the deal breakers is unfair considering the great pros for moving there but dealbreakers are what they are. Im ? glad the USA is there and as it is. Canada is literally built on wealth and security obtain through partnership and proxomity and our continued living standards and social securities are dependent on that relationship.

People who do this are causing the housing crisis. Canada is not for you to use and abuse. Should be reported and a law created to stop greedy investors.

No they want to come here spend our hard earned tax dollars and send our money back to their country and build houses and we as Americans can't go in their country and take over they'll kill our ass and put us in the garbage . We have our own problems here in the United States already send them back where they came from . At some point I will stop voting here and leave this place because we don't ever get what we need we're working to give away our pensions social security will eventually vanish and all of our life we work our fingers to the bone and this is the thanx we get . Poverty is here in America why allow illegal immigrants to come here and give them what belongs to US. NO SEND THEM PACKING . I DON'T CARE WHO DISAGREE WITH ME . Our money is sent back to their countries to help them better themselves when in reality we cant afford this huge crisis in the United States !

The economics of Canada are easily explained by corruption. The basic economics of our housing crisis are literally so painfully obvious you’d have to be a liar or in denialism to pretend it was anything other than basic math that is destroying our country.

The part about the banking system is at best a half truth. Canada looked like it came through the 2008 crisis better than the States because the government did not allow a correction in the housing market. Rather, the Canadian government kept the party going with free money, which made the balance sheets of the banks look good, but over time caused housing prices to inflate far faster than household income. The result now is wildly over-inflated housing prices which - coupled with increasing immigration of well to do foreigners pricing Canadians out of the market - has come to the point that many Canadians born in Canada can no longer afford to live there. This in turn exacerbates the brain drain to the USA, which further reduces Canada’s innovativeness and international competitiveness. \n\nHowever, the universe mandates equilibrium, and this house of cards will come down sooner or later. When it does, Canada will be facing a far worse financial and economic crisis than the USA did in the late 00’s, as all of the Big 5 banks will become insolvent.

As a Canadian who moved to (self-proclaimed world-class Vancouver) 30+ years ago, when it was a gritty, fun, quirky unusual city, I thought it was paradise in Canada. However, as time marched on, I saw the gradual change, the boring glass towers, the shoebox apartments, the closing of most live rock music venues downtown, the end of Indy races in False Creek, the cancelation of Seafest, the unchallenged foreign ownership of both commercial ond mostly empty condos, leading to a severe housing crisis - gridlock and crumbling infrasture. Furthermore, the cost of living and taxation is crippling. The present Gov't (either sides, 1 of the same) has lost all credibility. The media is garbage. Healthcare is subpar period. So, like yourself, I've also spent several years overseas in cities that are soooooo much more beautiful with amazing climates. I also spent as much time outside Vancouver possible during the last 4 years. I haven't changed much personally but wow(!) the rise in narcissism, anger and divisiveness in Vancouver over that period of time is palpable. You nailed it with 'status chasing and diengenuis' - When you leave, then come back you notice this change much more. For those that were trapped here for the last 4 years, I feel for you. I really do.

Republicans in Congress and the house have been talking about the crisis on the border long before this happened. Maybe if people listened this wouldn't have happened. Protecting our borders should be the president's 1st number one priority as a commander in chief.

Not typically against helping people trying to give their families a better life, without the risk of being killed over dumb shit, but it's getting more and more likely here. Not to mention our own housing crisis. We really do need to at least get things under control for our own citizens before we do more to open up migration. Sure, we have plenty of land and a very small population for it, but it seems more and more that we're tumbling down a hill as a nation right now.

Canadians have had enough. We have a housing and medical crisis and migration has contributed. We should be allowed to speak out.

This is clearly the product of decades long failed immigration practices and has nothing to do with the housing crisis Trump created. Theres more jobs being created now than ever with less people willing to or qualified to take them. The problem is also that most of the jobs available now are such garbage that even the immigrants dont want them.

in Canada we have a serious housing crisis, you pay 50 % of your wages on rent. Also even though it's a big country, less than 10% is habitable. Mass immigration is definitely not helping.

Immigrants are not causing a hiusing problem. The billionare companies buying out and monopolizing housing are causing a housing crisis. If you dont believe me; check the data. The ammount of homes owend by immigrants is less than 5% compares to 60% of city realestate space being owned by private corporations..\n\nBlaming immigrants for economic problems is a racist tscktic. Very literally a red hearing. If you believe it; the media is tricking you and youre falling for it like a little little goose.

Got to love media and their slanted presentation of everything to while is appears like they are giving you news, they're really telling you how to think on certain issues.\nWhy now? Why are they doing this? Really?\nUh, I don't know. Maybe because America through policies has caused a lot of problems in south America, destabilizing the area, which causes a lot of migration of a lot of refugees. Or how about how America closed the border to even legal refugees, causing them to pile up at the border. How about how they can't survive just sitting there waiting for the border to open, despite how the excuse for Covid as being the reason for why the border was closed is long gone. How about how the refugees are being attacked and victimized constantly while they wait.\nYet, ya, they're the bad people for becoming so desparate to get out of their terrible situation. Also, how about how amazing it is that supposedly balanced news networks never seem to balance out their reports by including such realities of the situation in their slanted propaganda reports.\nAlso, I see lots of mentions of large homeless populations in America as being the excuse of why America can't possibly help.\nYet, no doubt all these commenters likleu blane homeless people for being homeless despite how the employment is at record lows and employers are desperately looking for anyone to work for them. It's almost like they don't see how the effects of employers offering wages too low to support paying rent being mixed with large investment firms buying up all the Housing stock and enacting policies of constantly evicting current tenants to increase rental prices isn't a major component in the problem.\nThe reality is, the housing crises could be easily fixed by raising minimum wage to a living wage and restricting investment firms from using residential housing as investment stocks especially as one of their tactics seems to be to intentionally not rent out large portions of their housing stock to create a shortage in supply, this driving up demand along with rental prices.\nYou can't honestly complain about the homeless crisis while ignoring the fact that corporations are intentionally keeping rentals empty to drive up rental prices. I'm pretty sure that fits within one of the definitions of insanity.

As a child of a first generation immigrant, this is horrible and WRONG. My dad and his family fled Nicaragua in the late 80's when the socialists took over. And it was a real war zone. The government stole their land, homes, and k!lled people they knew. On the way to the airport my dad (who was a small child at the time) saw dead bodies in the street. Thankfully they made it to the USA and were able to rebuild their lives and become proud American citizens. They did it LEGALLY. It makes me so mad when I see footage like this. Lots of racist people serotype Hispanic Americans negatively because of these criminals. Why is our government doing nothing about this???? The cost of living is unbearable already and we have a major housing crisis. It is NORMAL to have a border! Why is that so hard for some people to understand???? It's a national security crisis. I swear this is the most incompetent administration I've ever seen in my lifetime.

The issue here is not that we have a housing crisis , first of all let’s start with honesty. I have multiple friends from different culture backgrounds, however, one thing that sticks out to me , and some of you may not want to hear it , it’s that most of my friends that are predominantly “white” have become homeless or nearly missed it by being able to get some rental assistance either through local or federal grants. With that being said, I’m an American as well but in all reality it’s mostly immigrants or their offsprings that I witness myself still living regularly even during and after covid,why is that ? Why ….

This is what happens when a country doesn't have a revolution. They flee. They need to fight for their own country. South America needs to be we the people. We have our own corruption. We as a country can't take care of the housing crisis, starvation, mental health issues, and crime rates. If these people come here it only adds to the issue. Our country's debt is over $30.93 Trillion. We can't afford to bring in refugees.

We are having a housing crisis here. Everything is expensive. I’m sorry but fix your country

And yeah we have alot of homeless crisis but you can't help someone who doesn't want to be help the drug crisis the housing crisis the work crisis the under pay working situation we don't seem to have honest people in office or any where at capitol only for themselves not for the country

Oh, the app must have been down then…..\n\nThis is an all out crisis. Colonialism stole everything valuable from their mother land, and then doesn’t have any place for them to go afterwards. It’s like if someone came into your house, stole all of your food and possessions & destroyed the house— but now blames you for being homeless AND has the audacity to be offended that you’d ask them for a place to sleep while you rebuild. \n\nThere is no easy solution, but Portugal, UK, Spain, Netherlands etc…need to help rebuild the infrastructure they ruined. Oh wait— most of them are struggling now and small. Sooooo— yeah. What a mess.

If we didn’t have 30-40 million illegals here there would be no housing crisis

There's a housing crisis in the US, but Joe Biden needs more votes

Canada has a housing crisis which is why we need 100k more immigrants every year. Thanks Trudeau, very cool.

The politics of Canada are no longer 'tolerant and liberal'. We are losing our freedoms daily (refer Bill C-11). We are becoming stifled by censorship. We have a spiralling housing crisis. Known murderers are being freed after a few days on bail, leading to a far less safe social environment than we traditionally had. Our skyrocketing inflation and insanely high taxes are crushing our quality of life. The entire situation is deteriorating week to week since there is an active agenda to destroy our economy and society. I should also mention that our health care system is in a state of collapse.

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

I left China to avoid a brewing housing crisis and ironically I now live in Canada ?. I have seen first hand how a blind government can be overly dependent on real estate because it does generate a huge revenue in the short term. But most short sighted politicians failed to understand that the housing market is similar to the stock market, the value of houses can rise but it's just a bubble. When the bubble is so large that the hard working people who produce everything the society needs cannot even afford a roof over their head, then the shit is really about to hit the fan.

GDP from real estate is never a safe way to earn in the long run when u have decreasing manufacturing and small businesses. If people aren't making enough money from their job, how are they going to spend on houses? One doesn't need to be an economist to realize such a simple truth. Canada's housing market is a timing bomb with surplus supply and limited demand. New condos built in the last 5 years would have 1/3 rented out if they are lucky and there's no stopping of new constructions in the near future. This is just another one of Evergreen crisis in China.

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

Corporate America turns a blind eye to this because they want cheap labor. That’s why you’ll never see the immigration issue resolved until there’s full blown violence. The same thing is happening across the developed world. In a country like Canada, where the labor pool is coming from India, the social programs would fail if not for the taxes and fees collected from these migrant low wage earners. But it’s fuelling the housing crisis and other social problems. Complex business folks.

Landlords gotta go they are the reason for the housing crisis not immigrants. Some landlords own over 50 properties while most Americans don't even own their own home. Landlords gotta go get a job like the rest of us

No crisis at the border according to the White House.

As a Canadian I find this utterly terrible. These migrants will either add to the chaos of the mass housing crisis, crime and antisocial behaviour Stateside which will ultimately spill onto Canadian borders. We just shut down Roxham road a few weeks ago yet these ILLEGAL ALIANS KEEP CLIMBING ACROSS CANADA US BORDER. CANADIANS AND AMERICANS NEED TO UNITE TO KICK THESE MIGRANTS BACK TO WHERE THEY CAME FROM. WE DONT HAVE HOUSING OR THE SOCIAL ASSISTANCE THEY REQUIRE AND WE DO NOT WANT THEM AS ILLEGALS. IF THEY WANT ENTRY APPLY LIKE NORMAL HUMANS AND STOP ACTING LIKE RATS. IM TIRED OF THESE REFUGEES COMING INTO CANADA TAKING UP ALL MY TAX MONEY YET I, A CANADIAN BORN WHOS FAMILY IMMIGRATED PROPERLY INTO THIS COUNTRY IN THE 1940 HAS TO SUFFER AND TAKE HOME LESS THAN HALF OUR PAY CAUSE TAXES EAT THE REST THAT GO TO THESE IDIOTIC MIGRANTS. I HATE THEM.

They are actually entitled… THEY WERE OFFERED JOBS IN THE BORDER TOWN and they said no.. they wanted to go to USA. THEY THINK WERE RICH? We waste taxpayer money on this. Trump tried to stop it but the internal inexperienced teens said it’s evil? I’m sticking with trump and there’s a lot of homeless in USA and the housing crisis is crazy… we need to fix America first. If the police can’t hold the barrier… CALL IN THE FUCKING OLDIES WITH THEIR SHOTGUN OR WEAPON that’ll do it

Too bad, we've got a housing crisis and our economy is crumbling & we cannot the financial help they'd need via medicaid, food stamps, rent assistance, etc. Fix your own problems instead of adding to ours.

We are over run now with illegal aliens our veterans are homeless our housing is in crisis schools over run wic foodstamps hud we are not able to take care of illegal aliens . They ALL NEED TO BE DEPORTED NOW!!

Similar happening here in Ireland - we are in the middle of a housing crisis with the highest number of homeless ever recorded - and still our government floods the country with migrants - almost exclusively young men - the majority who arrive without passports or any docuents making it impossible to vet them - this is part of the Globalists agenda - to destroy our country by changing it beyond all recognition - by putting the native Irish in the minority in our own country...!\nAt least you guys have guns - God Bless the Patriots everywhere who stand up against this Tyranny...!

The same people saying that they should start a revolution in their own country forget that the US government was the one that started the problems in those countries in the 20th century, with all the CIA-aided coups and far-right military dictatorships. One must also not forget the problems that the United Fruit Company brought to Central America. If anything, the US should embrace these people with open arms. There always will be housing. If the US stopped zoning every square inch of its land as solely single family housing, we could solve the housing crisis and accommodate a lot more people, Americans and immigrants included. That being said, the federal government needs to allocate more resources to allow these people to enter in a proper manner, something which Biden certainly hasn’t done. This is the land of opportunity, people seem to forget that. I bet the coming of thousands of people into Ellis Island in the past two centuries wasn’t labeled as an ‘invasion’.

Bunch of animals.\nWe've have the same problem in Australia.\nOur visa system is a JOKE.\nWe already have a housing crisis and governments keep letting PEOPLE in.