Close Reading

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.

43+% taxes, 10 years to get a project off the ground, every project has a hearing with every special interest group, onerous conditions in any project and ever changing goal posts, every LIEberal donor has to get his cut, flashy splashy virtue programs with no downstream planning, total incompetence of the snivel sepants, ignored upgrades to infrastructure. I might have forgotten a couple.\n#truudeaumustgo

My country is too blindly focused on primary industries, and those interested in advanced economies are leaving (myself included). Brain drain, in one of the richest countries in the world? But yeah, keep coping with your real estate market you fucking hacks

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

Banks are not in good shape. TD and Scotia Bank are two of the most shorted banks in the world. Also, when real estate finally crashes and everyone forecloses, guess who's going to be holding the bag? There's so many mortgages that are in increasing in principle because payments don't cover interest, and that's despite 35 year amortizations. Canada is going to pop sooner than later.

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

Very interesting content, thanks!

I love Economics topic, Greatly made video and interesting topic. Keep up the good work!

big problem with the housing is also trudeau taking in so many immigrants and refugees before having enough available housing for everybody. I think they were taking in 200k people a year. while we need atleast 1million new houses within the next 10 years in order to supply enough to the population. There was also an issue with forieign purchases where people from other countries were buying houses in canada and nobody living in them. Trudeaus votes comes from majority indian people and arabic since thats a lot of the population in canada, and to win those votes and get more hes friendly with them accepting a lot of immigrants from those countries, its not a bad thing since a lot are very well educated and their peaceful people for the most part, but the problem is there isn't enough housing. Even renting has become competitive , owning is near impossible without help. Trudeau really messed up the country, houses are riduclously expensive and they often go into bidding wars if in a good area, banks interest rates keep going up now, loans are harder to take out, sadly we need to limit the amount of immigrants that come into the country until the right number of houses are built in the country, if anything new and major cities need ot be build in other locations with jobs in order to get more people spread out around the provinces. Once there is enough houses and jobs i believe the doors should be open to whomever wishes to come (obviously with a background check) but until then there should be a limit so the houses stop going up.

Foreign interests from the U.S. has deteriorated the economy here, and everyone is so busy trying to live that no one has the time to point it out. And so much of our country is propped up by the states ON PURPOSE so that the states can basically claim us. It's tiring.

Interesting

Maybe it's time that the U.S. annex Canada it will be in both countries interest.

I am interested but I am not in UAE .I am from Pakistan plz let me know , how I can apply?

As a Canadian myself living in this country for over 30 years... the problem here is that Canada have a diversed industry but because the country itself is so small (population wise) that none of these industries reached economies of scale. While Canada has regions rich with natural resources, all they do is extracted it, sell it to U.S. and then buy the producted that was produced by these raw materials back at a higher cost. The political structure of Canada doesn't help either: Each region essencially specialized in a few industries (Alberta Oil, Ontario Finance, the Alantic provice's fisheries and oil refineries) and there's equalization payment... meaning if one province is doing well... they don't get to reinvest it back into its infrastructure but rather have to spread some of the excess revenue to other failing provinces... this doesn't incentized productivity but rather leads to a race to the bottom where provinces would want to spend their way to get some of that equalization payment money. Also the provinces themselves doesn't have a unifying economic agenda... Alberta's oil could be best served to be refined out east and then shipped but British Columbia doesn't want pipelines and oil shipping facilities on their coastline... and Quebec isn't interested in having a pipeline either so there's nowhere by the oil but to go down to the states. Finally the province of Quebec( which is french speaking and have their own culture and language) isn't interested in the overall prosperity of Canada at all but rather to extract as much special privilages, rights, and money from the Federal government... and even to declare independance from the Rest of Canada.

This is a very well made short video. Canada needs leadership that is bold enough to think about Canada's interest and plan for the long haul, rather than just content collecting money from land title transfer.

Check the schools, you might find a lot more interesting weapons there ?. I'm just spitting the facts here, like 5 religious things you can carry around when you are Sikh (read a book). Get basic education ?s

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

@suleeha, please I’m interested to move to Canada from UK. Can you please assist me with sure immigration consultants or necessary information….

Remember kids, CNN is not your friend. They’re corporate media upholding the interests of neoliberal elites. They don’t give a fuck about migrants or human rights.

I'm interested

Hello I'm from South Africa Johannesburg, I interested in moving to Canada I am a chemical engineer, Safety specialist and Sales administrator\n\nI specialize in all 3 professions, please point me in the right direction

Lock the borders down, fix us first. We crime, poverty, economic crisis, and much much more! We need to fix our country before we let abunch of others be let in and ruin our country. America must think of the interests of her and her people and her alone. None of this would have happen if all your MF would have just kept trump in office American would have been great now but instead we fell back and have a powerless government I want my country to be number 1 and have growth! We need a republican back in office again! Republicans for 2024! No more sleepy joe we need to MAGA!

Interesting. Didn't see this in the news in Europe.

Stop using the term migrants for your political interest. It’s called illegal immigration.

How im interested passpot holder im in kuwait

Just wanted to say that I found your video so interesting. Living an hour east of Toronto I only experience positive Doctor & Specialist needs. Recently had a Catscan with original appointment scheduled for 5 weeks away but got a call about a cancellation 3 days after Family Doctors referral. Just saying it's not all bad re medical care maybe the answer is Toronto is too overpopulated as possible reason for long waitimes.

My parents came to this country in the 70s from a small country in SAmerica. they brought me 3 years later and my handicap brother 2 years later. The USA embassy made my parents sign a paper stating that my brother will not used any government assistance ( he had polio when he was little so he has to walk with scratches) and that's what my parents did until my brother got a job. He worked for 40 years in the same job until he retired 6 years ago. With the exception of the mass rehab center for job training, my brother never used government assistance. \nI remember my mother and I we used to wake up at 4 o'clock in the morning to shovel the snow from the driveway so it would be safe for him to walk to his car to go to work at 5 am. I am very proud of my brother. \nSome people think that receiving government assistance is smart, but we think is not bc it makes you a dependent, you loose your sovereignty as an individual. And these people don't realize that. Personally I think these people are getting paid to do this bc this is not normal. \nIn the other hand, the USA government in the quest to protect its interests ( mainly the corporate interests) support candidates that will go along with what the US says. \nI would like to point out that in this country, there's plenty of corruption, do u do anything about it? ! Jan 6 is the only time that I see it happening ( for me, Jan 6 will forever be a very important holiday)

Interesting…

Interesting how many of them are in nice name brand clothes carrying expensive smart phones.

Steal a country. Set the laws to humanise yourselves. Prevent anyone else from entering, when they aren't anywhere near how entered. Then call them bad people and dehumanise them. Interesting ?. Smells like White Christian terrorists to me.

Interesting how the illegals are all smiles and laughing as they are running

It’s pretty interesting— Any central or south American immigrants are seemingly welcomed in with open arms, except for Venezuelans and Cubans, because our administration knows that they are already fleeing communist countries and they know that those immigrants won’t vote blue… Some twisted stuff going on up here.

The wage of a miner in the US is $38,000 p.a. and they have to live on site permanently. I'm sure you know all the stuff about employment conditions, healthcare and crime over there but Canada is a different proposition. Work in Oil & Gas in Canada can be good but I remember when the oil price sank and a lot of it became unprofitable, a lot of Aussies were the first to lose their jobs over there and had to come back. The cold will also be another interesting factor. Sincerely wish you the best though and that you end up somewhere where you feel happy. Who knows - it could still be Perth or somewhere in Australia.

Interesting times we’re in. Not the only, but the one I was definitely born in… yay.

the interesting part is the voted it in. stay in your country and turn it around. stop being cowards

Americans have no morals to be talking about invasion when the US have invaded many countries..INCLUDING MEXICO.. and kill so many inocente women and children's for land money and economic interest ALL OVER THE WORLD

Oh hell no wtf but our president is more interested in getting on the news minutes later after a tragedy and try to take guns where is he now?

Interesting how this took place March 13 this year and noticing from comments that we're just learning about this attempt. Could the news be manipulating the headline with Trumps endictment as a distraction???? Hmmmm ?

The CNN host never once mentioning the president. Interesting

The United States and her companies have been sucking the life out of Latin American since 1836 the manroe doctrine still exist. Don’t ruin peoples countries then get mad when they come to yours. One day tho we’ll fight back and free the hispanic/lainto people all that needs to happen first is the US needs to pull her corporate and Federal interest of Latin America and actually give her people self-determination. Look up the United fruit company look up what the CIA did in South America during the 50s and 60s whole generations of suffering after dictator and hardship all thanks to the US and her imperialism. A lot of you need education on the matter instead of reading the first book your teacher or Facebook article your homie handed you??

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

Hi Peace! Good day dear. Watched you from Tochi's channel. I'm interested in the teaching assistant job you talked about. Pls can you share the link. Thank you ❤. I have already subscribed❤

It’s interesting watching the superpower of the last century slowly erode before our eyes. I read about the decline of the western Roman Empire and how over the course of give or take 150 years it eventually fell. But Americas fall seems to be happening much faster. I don’t see how you could claim America will still be the leading superpower in 50 years with the way things are going

And the reporter asks, why are we seeing this now? Uhh because Biden and Kamala literally campaigned on this and promised it would happen ..all with the support of rich and powerful democrat politicians that won't even allow a small group of 50 illegalsin their neighborhoods but expect us to accept them with open arms and hearts...despite out skyrocketing crime, homelessness , inflation , rising unemployment , rising interest rates, shortage in critical supplies and resources.... \n\nIt's crazy that people still think Biden is doing a great job while claiming trump is a traitor despite having a single bit of proof... Let alone proof based on standards.

This is the thing guys we are have the highest inflation ever in at least five decades, we have poor American citizens living on the streets homeless and with no food, we are going into the biggest recession in united states of America has ever seen since 2008, we have the highest interest rates in many years that we have ever seen and a lot of people are going to lose their jobs in the next at least 18 months, we have the worse health care system and people are getting sick and dying. \nTimes have changed unfortunately and this is year 2023, not 500 or 300 or 100 or even 50 years ago and there is no comparison.\nWe need to close our borders and take care of our own united states of America citizen first.\nLet's stop sending trillions of dollars in cash to other foreign countries like Ukraine and letting people illegally in our country. ?

US fucks around in central and south american countries governments and interests for 2 centuries then clutches their pearls when half a million a year want to come and join the underclass that props up so many areas of their economy. Really classy

What? Low housing construction cuz of low interest rates? Lol it's the opposite. Builders suffer with high mortgages.

Canadian here, and this video is right on the money for some of the most frustrating things about Canada! \n\nOur proudest achievement is our healthcare system, but up until recently, the government has been choking it little by little. Making it so difficult for any Doctor/Nurse to even consider finding work here (and making it impossible to afford getting a medical degree) because you are literally doing it for the love of the game at this point. \n\nEven if you become a specialist in a specific field (which pays really well compared to most careers here) it is unlikely any hospital will hire you. Our hospitals are only interested in making profits by pushing painkillers on Canadians, rather than hiring medical professionals to help fix them. If you become a family Doctor, it is a bit better, because you can open your own practice. But kiss your social life goodbye if you do! The most annoying part of this problem is some people blame all this on the fact that we have healthcare and assume a private American system would be better. Where the real problem is we need more workers and funding into our healthcare to make it better. Not making lives harder for poorer Canadians!\n\nWeirdly enough our Tax system issue didn't stand out as a problem to me until I left Canada and see how taxes are marked elsewhere! It blew my mind that I didn't have to do math when I visited another country and the way we advertise wages is purposely deceptive! In Ontario, we succeeded in getting a $14 hour minimum wage (only in Ontario and maybe one other province). Which sounded amazing until you realize that's $14 without tax... To compare, I was incredibly lucky in Toronto where I found a place for 750 a month and was earning $16 an hour. Sounded like more than enough for the cost of living, but after taxes I was pretty much putting more than half my monthly income in rent. On top of that I had to pay for student loans and other bills. \n\nBottom line, if you are wanting to move to Canada for our beautifully scenic environments, free healthcare, and a stable job? \n\nMove to Finland.

It's interesting that it's mostly people from South America, not Mexican people so much.

it’s kinda interesting that their environment is more fertile and filled with natural food. \n\nIn the US we are swelling so badly with overpopulation, we are about to economically collapse. We are almost out of water supply. We are losing thousands and thousands of jobs. The government is corrupt. \n\nthey’re crying to get in here. They’re nuts. They will just be made into cheap labor to exploit. smh