Close Reading

The housing chart is misleading, because it highlights only the 2012-2022 range incease, as though it were unprecendented. However, on the graph, you can see a similar doubling in the 70s, 80s, and 00s.

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

Canada also has a population of 36,000,000. Similar to California. Its a small population for a very large country.

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

Canadian and Australian Economics are so similar.

Unfair comparison, would compare to similar size country like Australia

Seems similar in Australia...despite high wages ..more thab half the salary of most Aussies goes to rent or mortgage. And also the traffic fines are ridiculous

It's similar in the UK too.what pisses me off the most is the way these people think they are owed a good life but want it handed to them.they like us are owed NOTHING. Americans and Brits have had to work hard for the lives we have so how can these migrants honestly expect to just be given everything? Stupid? ignorant? either is accurate but what they definitely ARE is LAZY

A.erica s saying we need to fix America 1st. They don't realise that all developed nations are facing similar issues with housing, corrupt politicians killing the system

Corruption, Cartels, no employment, no support etc! Who wouldn’t run? Why did the Europeans come to the American borders 500 years ago? I’m sure the reasons were similar. Better fortune! If they had good fortune were they were I’m sure they wouldn’t have left! These problems will disappear when the corruption disappears globally!

Didn't Russia and Belarus do something similar to the EU? ?

We share the same O&G profession and I am in a similar boat about moving/settling. Can we connect on LinkedIn or any other social media?

I thought the law carried guns in the usa.An Uzi would have sorted the issue out sharpish.If all these people are trying to come through your front door you would be right to shoot them.Isnt it similar situation.In a way.A small way.

From what I'm reading from Venezuelans in the comments is that this whole situation could have been avoided if they had something similar to the second amendment. When they tried to stand up to their government they were shot in the streets. People in the US protest the sell of guns without realizing that they are only allowed to protest because we have guns.

Something similar to what the Europeans did centuries ago ?

If these people can do this in large numbers, why aren't they doing this exact same thing in this way, maybe larger numbers, to take their own country back? It's bad enough we have our own issues in this country to contend with in the same manner or similar. We do not need nor want this! If they can do this, they can do this to get their own country back.

That aint migration..... its an invasion. Similar to Goths and vandals sacking rome 1700 years ago.

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...!

Something similar in the UK

The left wants you to feel sympathy for these criminals... If any of you walked outside and tried to create a similar disturbance you'd be jailed swiftly...

1. They can’t speak English so they have NOTHING to Work in USA unless they want to live homeless in USA.\n2. They are broke and have NOTHING to share with Americans.\n3. They should be deported immediately to Mexico as soon as they Enter USA.\n4. They should attempt a mass entry to a country has similar culture and language with Mexico in 21 Latin countries.\n5. They should be Rejected and deported immediately if they applied for Asylum in USA.

Probably organized by Russia, since they work with Venezuelan government, not to mention that they've been organizing similar mass entry attempts in Europe through Belarus.

Canada is soo weird. University students who spend 100k+ on education and are in the Canadian system are having problems getting residency, whereas shady people who get here illegally or get residency by immoral do it without much problem. I mean not even illegals but some south asians who are literally scamming and exploiting the system, have no problem and then when you take people from very low income class enter your country and who do uncivilized things you are astonished what else you are expecting a lot of them are uneducated who are not civilized, make your screening process better, if you want immigrants due to labour shortages and slow population increase, try to incorporate students and potential people who have more chances to fit your society. This trend will lead to an anti-immigrant narrative. We have seen a similar trend in Europe. They took the worst people in who were problematic in their countries to begin with

if you don't come in legally, you are sent back to the country you came from. EVERY time. No exceptions. It's not like the USA is a dictatorship. They have similar values as Canadians... so, it's not like you NEED to escape... it's not like the USA is a brutal dictatorship without the rule of law... so, there is no need for people to cross this way... letting people cross here is unfair to those who take the time and come in legally.

When my father's parents immigrated to the USA he had just turned 9 years of age. My grandfather was a gynecological physician and an anesthesiologist. Grandpa had something to offer USA for that citizenship. \n\nBut these Venezolanos are trying to escape the tyranny which is their government. It is a difficult situation for them and for USA. \n\nPerhaps a solution might be helping to identify better places for them to go? USA is about to crash, the US dollar is about to follow Venezuela in demise. They might not enjoy going through similar here in USA. ?‍♀️

The homeless population in the US is roughly under 3.5 million. \nThe massive entry of Venezuelans, Mexicans, and other refugees numbers about 450,000 and more of similar quantities to come. \n\nAnother reminder is that we have 16 million houses vacant and available for hospitable living.\n\nLet this sink in.

Looks similar to the Europeans invading this once beautiful land ? O well at least they’re not sexually assaulting ppl and killing them and their young families.

Anyone who actually stops investigates will find that almost every major country ( UK, France , Germany, Japan , Korea) are facing the same issues on matters such as affordibility and health care issues . All one has to do is read publications such as The Economist to see the evidence . During my career - I an recently retired - I was located in a few other countries and Canada still remains a great country with opportunties . I also know that most who claim they will never come back almost always do because there comes the point where they are older and have health issues and in most cases they come back to Canada. At the same time, we are charged excessive fees for internet and cell phone useage. I note that both major political parties ( the Liberals and the CPC) ever take any real action to address the excessiv charges rendered by Shaw, Rogers, Bell Media, and similar conglomerates .

Remember folks if enough Hispanics move into the US, we will have similar outcomes as the places they left

Where are these millions of new immigrants going to work? Since the election of Liberals, Canada has had the slowest growing economy in the industrialized world! The world expects Canada's lacklustre performance to continure for the next 20 years. So are these new immigrants coming with suitcases full of money to invest in new companies? Are the skilled tradesman coming from developed nations with similar building codes and material or from countries that build houses without any codes or inspection? Do the Medical Doctors receive the same education as 1st world doctors or are they like doctors in most developing and 3rd world countries where they enter medical school straight from Grade 11 and graduate 4-5 years later with a medical degree and their medical experience is all with 3rd world diseases? OR what is more likely is that these new immigrants will have to go back to school (paid for by Canadian taxpayers) to bring their education and skills to the minimum level of Canadians? It will take the average new immigrant 6-10 years before they are making a net positive contribution to the Canadian economy. This would be affordable if our economy was outpacing other industrialised nations OR if we had fewer immigrants but this is a strategy for bankruptcy. My prediction is that the Canadian dollar will be $0.60 USD within 5 years or less. My recommendation is start moving your savings and retirement funds to the USA.

European invasion on this land 400 years back would have had a similar reaction among locals at that time. The only difference is now the majority of invaders as well same Europeans

What do people not understand about the word ILLEGAL? It means against the law, similar to other things like theft or assault. If you want to come here then do it the right way!

This uncontrolled ILLEGAL immigration will destroy & overwhelm the Canadian system similar to the US.. Wonder why the govt's won't just implement the rule that you need to seek asylum in the first country you cross.... Otherwise you will be deported no matter what your asylum claim will is for... It's so frustrating!!

As a muslim respect to you sikhs\nBtw i just found out Sikhism and islam is quite similar

We have a similar problem here in U.K. These economic migrants are in thousands.

Biggest difference USA has was more places to live every variety of climate you could ask for. It has way more opportunity because of the higher population. Way more jobs, way more national parks. They're extremely similar countries but I have to give it to the US is the variety of places to live. Canada may be bigger but most of it is a desolate wasteland. The only nice places to live in Canada are cities directly on the border. As far as how nice people are Canadians are just polite not always genuine. If an American is nice to you odds are they actually like you or they're someone you can't trust. But generally if a Canadian in nice to you they could hate your guts. An American seeing how Canadians act gives them a idolized view of who we are. If an American doesn't like you you'll know it and if they do like you you'll know it. This is the perspective of someone who grew up on a border town.

I wanna give my two cents as a Jamaican who lived in Canada,Germany and the us for me i wanna see the us is better interms of making money. It's better to get around , open business, hustle it's have that go-getter capitalistic mentality, Canada and Germany are similar. In Germany its haaaard to get anything done and bureaucracy will end you. Canada is a bit better and less bureaucratic. The us is a play ground filled with variety of everything and did I mention how easy it is to make money. Canada and Germany habe similar health system but in Germany things get done quickly, the us system is good if you have money. Racism is in all three but Germany and Canada are kinda not in your face, Americans will be in your face though, to me i prefer the america racism at least i know who to be aware of but in CA and ger you don't know who your enemies are because they will smile with you while not liking you. For kids it's like this , i would raise my kid in Germany because they have the kids are so well mannered and well behaved but i will let them experience american high school . Canada is waaay more peaceful , Germany cleaner. The bottom line is if you are a young ambitious Person the us is for you, but to retire I'll choose Canada but let my kids grow in Germany.

Bad people allied matters regardless their immorality and all life harmful matters even for any non independence justice transparent fair money gamble matters such govt if no strikes against any such bad people agenda that must reflect how worst the personality of similarities of such! Boo olg

I'm currently living in USA and visited Canada back in 2019. I loved my time in Canada overall and it felt more racially diverse, safer, and cleaner than my home country. However, both countries have similarities in vibe, topography, background and culture.

I currently live in Vancouver, and it's an average of $2500 CAD for a tiny 1 bedroom in Vancouver, I hear Toronto is having similar issues with rent. It's also average of 1 mil for a small house or apartment to rent.

I traveled to Africa and Jamaica, lived in Colorado, Philly , Florida the grouping I believe red lining played a part in it's formations then people just felt more comfortable around similar people , but guns and drugs and homeless who've given up are big problems

As a dual citizen, there are so many things that's incorrect about this video. First of all, to make it an apples to apples comparison, I see no attempt to adjust the comparison by population. There is no point comparing Montreal (where I have lived) vs. Columbus, Ohio. Montreal is roughly 1.7 million people or 4 million metro. The correct comparison would be something like Boston. Similarly, there is no point comparing Montreal vs. LA in terms of geographical spread when LA is more than three times the size. So of course your commute will be different.\n\nComparing Montreal to Boston for example, Boston is very very compact. Yes, Montreal does have better food options than Columbus or your random rural suburbs. It doesn't come even close to similarly sized American cities. It's the same reason for example that one doesn't compare San Francisco for example, against London, Ontario. It's a pointless comparison.\n\nAdditionally, the claim that the worst part of Canada is better than the best part of America is laugahble. There is no truly terrible neighborhoods in Canada compared to American ones (where you can tell if you're in a bad neighborhood), but Canadians can't even imagine the wealth and prestige of the best parts of America, let alone compare with it. The wealthiest don't live in downtown New York (where they maintain their work residence), they live in Montauk. They don't live in downtown Boston, they live in Newton or Weston. The most affluent parts of Canada like Bridle Path/Rosedale (Toronto), Westmount (Montreal) or North Vancouver would look like abject poverty by comparison.\n\nOh, let's not also forget other factors for being in the US. The median household income in Canada is $67,000 Canadian. The median for the US is $69,000 US. The typical American is far wealthier than the typical Canadian. Anybody who tried to buy any goods (or services) in Canada and compared their choices in the US, it's not remotely comparable. Of course, the usual, taxes.

How can we learn about YOU? I know you're from Russia, but I'd love to see a bio on your life. I've known several people from east Europe and they have fascinating lessons about life. I assumed you were sisters but with names like Anna and Anastasia... seems too similar.

Tap water can be pretty hard in parts of Canada though (calcite deposits accumulating on your faucets and stuff). I noticed that a lot in Waterloo, ON and I think other cities around there like Guelph, Cambridge, Brantford, London have similar issues. \n\nThunder Bay, Toronto and Montreal tap water was really nice though.

The take on LA's segregation was DEAD ON. Chicago has a similar bend.

Much depends on a place where one leaves. Get to Oakville, Burlington, Georgetown, Fort Erie, and other similar cities. Don't stick to large cities like Toronto, Ottawa, or Hamilton.

I'm here in Savannah Georgia and you are QUITE right about the difference from anywhere else.\nCost of living is different. Different food. \nI've been here 27 years and grew up in Louisiana before that.\nCulturally very similar but I came here as an adult and see it far different than where I grew up as a kid.

I lived in Edmonton for three years and your mass transit is quite good. But the further you get away from city centers it thins out. Here in the ?US we need to work our mass transit. As I type this you meant self segregation. I think it happens around the globe. People want to live around people like them. There are exceptions though.\n\nI lived and worked downtown and the one thing that surprised me was the fact no one really talked to each other. Walking to work folks were wearing blinders and kept to themselves. Being from the South we say good morning, morning, hi, how ya' doing or something similar to people we run into. I asked a coworker and he said the only people that talked to you were the homeless. To which I replied, you have to be down on your luck to address passerby's? That was crazy to te!

I think part of the reason America is regionally segregated is because of the history of segregation. It's definitely not as bad but I'd be stupid to say that if this was a white neighborhood for 100 years that it would dramatically change over the next few generations even though there's now permission to be there. I think in time America will become more mixed like they were describing Canada. I could also see Canada as being an exception to the rule, the European and middle eastern countries I've been to seem to have their segregated neighborhoods in a similar way to America.

One thing though in Toronto and Vancouver is the prices of rent and real estate tho. It can be similar to more then New York.