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Canada has no money for this, we are in debt, so we have to borrow money and cannot take in an endless hoard of people. We have a severe lack of housing for citizens.

the price of housing is off the roof because everyone wants/need to move to cities and developers don't wanna build average housing because communist governments like Canada's make it expensive to start any business, so if they are going to build new homes they are going to be luxury homes because rich people don't complain about prices. Another reason is immigration, more people means more demand.

It is not sustainable to live in Canada anymore unless you want to be slave for rest of your life. Taxes and Prices are too high to live here.\nHealth care system is fked up along with housing. \n5 of my friends left country for better salary and life to other countries. Find good job is getting harder and harder every year. Low pay job does not even pay your rent. It becomes joke now what they did to this country.\nI have to fly out of country for full medical check up spend 2 hours and 800$ cad but i went thru test which you have to wait in canada 1 year or not permitted. Full CTI Scan MRI , endoscopy and full blood test, etc cost me 800$ and just spend couple hours without waiting so i got my result. In Canada it is not possible even you approve to go.thru test waiting time min 6.month. to visit family doctor 4 weeks waiting time. \nDo not waste your time.and money moving here there is only modern slavery here

Chinese and Hong Kong’s affluent people have been buying up houses in Vancouver and Toronto. Canada has the most timber and plenty of land. Why not build more houses?

Canada lacks 5.3m places to live, may that be an apartment or a house.

I'm Canadian too, born and raised, and I have to say this is accurate. Shit health care, insane taxes, low pay, impossible cost of living.... I live in a rural town now (used to live in a city!!) and even here it's becoming unbearable. Genuinely thinking of changing countries in the next 5 years once I get my act together.\n\nThe video also didn't address the political problem. Only 3 serious parties (the rest are niche and don't address Canada properly as a whole), and two of them partnered so you effectively have two parties. One of them has ramped up the deficit and deflected all housing problems, and the other is hellbent on private healthcare, ignoring environmentalism, and helping their rich friends. Impossible to vote for real representation.

I am Canadian, born and raised in Canada. I strongly feel the problem with this country is woke liberal policies. Which don't work and has eroded the quality of life in Canada. The Liberal party of Canada is no more, they have taken a radical swing to the woke left and are now more Marxist leaning which in my opinion broke Canada. The Canadian government is led by a prime minister who is grossly on qualified for the job of Prime Minister and who's policies are solely responsible for the housing crisis, Food inflation, and deficit spending causing inflation. I feel it will take decades to on do the damage these woke policies have inflicted on Canada.

This follows the current Conservative narrative. Yes Canadian housing is going through a rough patch, worse than most G7. But the people under the most stress are in the the three western provinces where the economy is more resource based and to some extent the maritimes where the rate of mortgage arrears are above average. Ontario and BC rate of mortgage arrears is the lowest and make up are the largest housing market. Canada has many large international corporations like Nutrien, Barrick Gold, banks, Enbridge, Constellation Software, Shopify, Suncor ... Healthcare is tricky to compare but where Canada mostly falls short as reported by the NIH is dental care and drugs which the NDP want to address. Although primary care could be improved, falling a little below Europe.

Canada has a few problems like these: Many many people want to come live in Canada, last year more than a million people came to our country. The total population of the country is now greater than 40 million people. This is putting enormous pressure on the housing market, this is why in part the cost of housing is very high. Also, ridiculous monetary policy from many central banks to bring the interest rate to zero has helped create a real estate bubble. Rates are now higher and this is cooling the market. Immigration is also putting pressure on the health care system and education system. \n\nNow if there has been a lot of inflation it is partly because the country is rich and many people have lots of money. Yes there are people suffering from the situation but believe, the shopping centres are full of people, the restaurants are full, etc. Life is still very good for those people that have been smart with their money.

Lack of housing and increased cost of living that is exceeding income growth seems to be a problem in many first world countries. In Canada we need to cool immigration until we have caught up with the housing needs of the people already here so its a good thing that people don't want to come here.

Very interesting analysis. As a US investor in Canadian companies from Florida, I like see whats happening up there. \nThe comments seem to reflect my own fb in the US....people complaining about high prices of housing and food. This seems to be an OECD post pandemic phenomenon. \nI will say, if you can invest in your monopolies and oligopolies, you will do well. Canada has some of the best, safest and conservatively run companies and banks. \n....and while you may complain about your health care, here in America, everyone lives in fear of getting sick and then being wiped out financially.

Another reason housing is unaffordable in Canada is the requirement that Canadians refinance their mortgage every five years. Rates are higher now than they were five years ago, and Canadians are paying the price.

Let's face it, Canada just want to import skilled labors to do non-skill jobs to suppress wages, keep the fuel on for house prices so that the jobs depending on housing stays put.

Not mentioned in this video…many new immigrants end up on welfare…don’t know the percentage but they are on welfare for over ten years maybe for life…and we are not the only country that does this…Canada use to have a sensible way to allow immigrants into our country but not anymore…this has caused havoc…housing…healthcare…jobs…homelessness has increased…where I live homeless encampments have sprang up overnight…the government has done nothing up to this point…Canadians are generous…and make ever effort to help…it is amazing given the current situation in Canada…this video is accurate…but not deep in regards to information…it does raise a red flag…like many other countries that are similar…

Why do people still keep coming to Canada? Because it's even worse where they come from. Unfortunately, even countries in Europe are in trouble. Have a look at France and Germany. Germany is in debt and in recession; all Latin EU countries are in debt up to their eyeballs, facing bankruptcy thanks to free spending liberal governments. As for Developing Countries, their GDPs are not enough to deal with their populations reaching working age. Their growth is too slow, so opportunities abroad look attractive. And, if immigrants move onward to the USA, that is the natural flow Canadian immigration has had for decades. The Can. government will need to become heavily involved in creating affordable, high density housing, cut red tape, and make education cheaper if they want to retain migrants.

Canada lacks housing, so the price of housing goes up due to high demand for homes. Yet no more houses will be built as this will depreciate the existing values of home.

I have a friend with 2 jobs that could have a net pay of 6digits but unable to buy a house in Canada. And is now gonna migrate to the US.

Good video, but for those confused, it's very simple. The Repopulation Program of Western countries GREATLY INCREASES the pressure on housing. When the goals of this program are reached in Canada, it's reasonable to expect pressure on housing to lessen. No need to be worried.

You can 100% own a home. Most of out of GTA detached houses are around 550-750,000. \nThousands. \nToronto Condos now are under 550,000. Hundreds of them. \nI have a ton of clients buying for these prices. \nHave patience and focus on your career. \nThe most important in Canada. \nThere are 100% hopes for all of you. \nJust believe in you. \n140 detached houses sold in London under 750,000. \n43 detached houses sold in Niagara Falls under 750,000. \n41 detached houses sold in Kitchener under 750,000. \n20 detached houses sold in Barrie under 750,000. \n51 detached houses sold in Kingston under 750,000. \nThe Greater Toronto Area, commonly referred to as the GTA, includes the City of Toronto and the regional municipalities of Durham, Halton, Peel, and York. In total, the region contains 25 urban, suburban, and rural municipalities. Niagara, London, Kitchener and Barrie are not part of GTA.

Canada ain't what it used to be. Unaffordable housing, ridiculous crime, awful criminal laws, poorly run healthcare, not to mention ridiculous inflation and bloated beuracracy. Sadly, no politician is going to fix the mess we're in.

Currently, annual immigration in Canada amounts to around 500,000 new immigrants – one of the highest rates per population of any country in the world. As of 2022, there were more than eight million immigrants with permanent residence living in Canada - roughly 20 percent of the total Canadian population. Where is the data coming from that no one wants to live in Canada anymore?\n\nCanadians love to complain. Yes, there is crime, homelessness, drug use, extreme weather, housing crisis... but that's not isolated to Canada. Obviously there are ways to improve, but I wonder which other country would Canadians like to live in instead? Also, Canada is not just Vancouver and Toronto... Canadians are spoiled with the ability to easily move to lower cost of living areas in the same country. Imagine living in Singapore where and entire country is expensive and a Toyota Prius costs more than $100k, or Hong Kong where the real estate prices make Vancouver seem cheap... but people can't move away.

I came to Canada over 20 years ago. My own thoughts are that Vancouver is a place where people tend to immigrate and often stay in their own ethnic groups. Particularly Chinese and HK people. I live in a part of Vancouver that is now almost all Chinese and HK people and they mostly don't speak English, and I don't speak Cantonese or Mandarin except for a few words, so we'll never know anything about each other. So, you write off ever knowing your neighbors'. Also the people born in Canada or who came here as small children and went through school together, particularly high school tend to have friend groups that are exclusive to them and it's hard to get past that you aren't one of the 'original' group members. Also, it's dark and rainy here for a good 5 months of the year and there is absolutely nothing going on outside that you can just casually go and do. There's skiing and things, but if you are from a country that has busy street life and street food and night markets, here is the opposite.. go outside in December in the dark and rain and see almost nobody and if you do they probably will just look at the floor. My friends are mostly other immigrants, and that's cool! But for me Canada has been a success financially and a bust socially. I'm fortunate that I bought my house 15 years ago, but if I had to pay the ridiculous rent that people have to pay, on top of the boring social life here I'd be gone from here !

I was interested in leaving my country (Ireland), because of our housing crisis, and a growing disillusion with my government for prioritising housing everyone but the hardworking saps. I was considering Canada, until I researched it. Seems like we're in similar situations.

Moved to Canada 13 years ago, I own a House ❌ “A Mortgage” ✅ as well. It’ll take another 27 years to pay off the mortgage. Living below the means, but still it’s tough to make ends meet. Leaving soon, Canada is not worth living anymore.

Our government looks after immigrants BETTER than its own CITIZENS! ????\nFor ex. ppl who have been homeless for yrs R sleeping on the street, in tents, parks, cars etc. They receive NO help! \nYET IMMIGRANTS R getting into shelters! Like WTF?!! ? Some arrived here (in summer) with NO housing (which is ASS BACKWARDS ~ Y R U bringing ppl here when there R NO places for US to live let alone immigrants??!!) & they were sleeping in the streets/parks. Our Govt moved mountains to find THEM shelters in relatively record time but have done NOTHING to help CANADIANS who R ALREADY homeless (A LOT of them R homeless bc of cost of housing & NOT ALCOHOL/DRUG ABUSE!) Most ppl assume it’s bc of drug addiction. It’s NOT! \nU can be employed making a ‘relatively’ decent wage & yet U R 1 step away from being homeless ESP NOW & esp with greedy landlords!!!) \n\nSince WHEN did it become acceptable to neglect the countries REAL CITIZENS & focus solely on Immigrants? ?? \nThis is just ONE example. Many more. \nTHIS IS WHY CANADA IS BROKEN! ??

I was born and raised in Canada and then moved to the US in my mid 20s and it was the best decision of my life. Lower taxes, higher pay, more affordable housing, and more career opportunities. The government continues to neglect the housing crisis which reduces the incentive for educated/ambitious people to stay. Until housing prices return to normal, I think it will continue to experience brain drain.

There is an echo from 70 ties and 80 ties that Canada is very affordable country where you can earn a lot of money. It's funny that such a vast county rich in commodities and energy has expensive houses, apartments, food for only 30 million inhabitants. Who is crazy to live in a cold place working just to pay rent, food and bills.

I agree with parents being uneasy with sending their children to school , people out- house bat crazy can buy guns with no problem . Our health care is much better and our education is by far superior. American coffee is disgusting and their beer tastes like its been filtered through a horse . O CANADA I STAND ON GUARD FOR THEE ..........

In response to the points raised in your video, I'd like to share some insights on the US-Canada comparison. It's undeniable that the US, as the world's leading economy, offers a wealth of employment opportunities, far surpassing those in Canada, which still holds a commendable position as the world's 10th strongest economy. From my perspective as a Canadian who has relocated to the US, the prospect is tempting, given the potential for a better lifestyle. However, it's crucial to weigh this against the realities of US immigration policies. Unlike Canada's more welcoming approach, the US process is daunting, labeling immigrants as 'Aliens' and imposing strict conditions like finding employment within 60 days of losing a job on a visa, or face restarting the entire immigration process.\n\nFurthermore, education in the US, especially at top universities comparable to York or the University of Toronto, is exorbitantly priced at around $50,000 USD per year, a big contrast to the more affordable Canadian fees.\n\nWhile Canada boasts superior social programs and a generally more welcoming attitude towards immigrants, it's not without its challenges, as highlighted by the cost crisis discussed in your video. This issue is prevalent in many countries with high immigration rates, like England and Australia, where housing costs can consume a significant portion of one's salary. Despite these challenges, Canada often offers a more balanced and affordable living experience compared to its counterparts.

Im about to move from the USA to Canada, my type of visa here denies me to have a stable normal life for many reasons, also many of the issues that canadians face are the same than americans does, I belive if you try to live in Vancouver or Toronto you can not expect to save a lots of money, Im moving to a Rural very turistic area, I will have employee housing and I belive ill be able to survive and save money, not like here ofc, but I will have a more stable life in many different aspects, Im a chef so for me its normal to work long shifts which provides me of food most of the time. I still hope that I will be very happy.

as an Immigrant, I'm done immigrating for now but I get taxed net net around 45% + HST + Carbon tax + Property taxes, for all these taxes, I get really not much back. I don't qualify for most services, I don't get dental, I don't need many either, but it is putting a lot of pressure on my entrepreneurship aspirations. The healthcare is truly atrocious and still need to fly for medical appointments by good doctors since doctors here are dumber for some reason. If you want to be an entrepreneur who owns a house, Canada is not your place right now. Worst of all is the culture, highly highly introverted in a bad way, cold people, bad social skills, boring conversations and everyone seems to be high on weed. I am glad you have found something to do as a hobby but if you were in the USA you would have 4X the disposable income (and I think we all would still be complaining).

Nice video am planning to come to Canada with my wife for her masters program, and am her sponsor I have a registered company in Nigeria that brings more than one thousand Canadian dollars every month I have houses lands etc is there anything else I should look at for?

I came in Canada in 1997. The rent was so low and anybody can own a car even if your wage is not that high. Starting in 2016, all of a sudden house prices ballooned! The rent skyrocketed. It's hard to own a car today. Owning a car today would cost you around at least $850 a month(car monthly payment, insurance, gas, maintenance)

Do I still need to show my personal bank statement even if I will be fully sponsored by my aunt who lives in Canada, sir? Like she pay will for my tuition, food, and accomodation since my aunt owns a house in Canada. I would appreciate your response. Thank you. ?

This is how you do it. 1. I came to Canada in April 2001. Toronto. No jobs. 2. What is some other big city, but affordable? Edmonton, AB. Lets go there. After moving through 7 apartments found the place to buy. Very cheap. 2004. 3. Than sold that place and bought the bigger one. Second child was born. 2007. 4. Suck it up and go through... Anyways... Today, 2023, it is a good house. No debt. A little mortgage left. Three vehicles. Retirement plans. STAY HERE! Work hard! This is the best country on earth!

I see a lot of people in the comments romanticizing the United States. We have about 250,000-300,000 homeless unvetted folks from all around the world sneaking through the U.S. southern border each month. Fact: a couple of hundred people on the terrorist watch list have been caught at the border (and reasonably for every one caught and apprehended, a few more haven't been caught and are setting up sleeper cells as we speak). All the while, we are facing a dire housing shortage, and an explosion of homelessness and lawlessness is hitting every major U.S. city. It's about to get very crowded and even more violent here. Come for the opportunities legally, but always watch your back and be prepared to defend yourself, your home, and your family. A peaceful, quiet cold life in Canada may not be that bad in comparison. It doesn't take long for a lawless country to fall from grace no matter how prosperous it seems. Look at what happened to Venezuela within a single decade.

Let me tell you , the majority may be Indians, but in fact they are not leaving permanently. Only citizens of India or permanent residents are leaving temporarily. They rent their home and live in India with that rent , there they get servants life is luxury if you got money. Second they are the reason for this hike in rent and housing- immigrants are the main reason for high rent and housing market especially greedy ones. Health care in Canada is not accessible even if it is free.

Should investigate foreign buyers who buy Canadian houses and ppl aren't living in them\n\nOr foreign buyers who buy huge quantities of Canadian land and don't develop it.\n\nHow canada got to where it's at is just baffling, how the price of living in buildings that are paid for but regulated ppl to pay well over what they earn and struggle sound like Captilistism.

Thanks for contributing to housing affordability in Canada.

Most of this is accurate, except there are plenty of homes in Canada under $400 000. The problem is with the higher rates and stress test (which is another huge factor as to why people are leaving) it's difficult to be approved for enough to even purchase a cheap home. Also the competition for cheaper homes is brutal. Even with an income over $70 000 a year your looking at maybe being approved for $270 000 right now. Not many livable houses for that price in Ontario near jobs. Canada is not the same place anymore. Another problem is wages going down or becoming stagnant due to immigration. I have personally seen both security and the trucking industries nearly destroyed because of this. When entry level and mid-range trained jobs aren't making the wage you need to live, you don't have many choices but to go somewhere you can afford.

stop refugees coming in canada, we dont know who they are or their identity and they simply get all the free house, rent and pay \n\nthose students and foreign worker who come to Canada with law obeying, who contribute to Canadian economy is not getting fair treatment

I came from a third world country and despite all the short comings I could see the doctor within an hour in a health facility, that changed very quickly in Canada, to me being able to access a health facility and to be attended to on time is much more important than the cost of housing. all the same Canada is a beautiful country and I believe someday this issues will be fixed.

Prices went up at every country after pandemic, so don't get fooled about it. Salaries are not better in Europe either. Housing, owning it is worse in Europe, so Canada shines.\nBut I agree for experience and degrees. Degree doesn't add any value at all. Even in cleaning job, you get asked for a Canadian experience. \nYou are a foreigner, it doesn't matter where you are from, if employer can see it on your accent, you are dumned.

Down payment is 20% …\n\nI don’t know how you have calculated a 60,000 for a 856,000 house ?\n\nI think no bank is giving house on 7-8% down !!!\n\nFor Toronto you calculated right but top one I didn’t get it. \n\nNowadays housing market is becoming disaster with 5% Bank of Canada rite hikes … \n\nYes … Canada is getting unlivable place day by day ?

Immigration is bringing so much crime in this country and causing so much problems of housing prices. Canadians will have to move out of canada

Nice content, loved your English. As an immigrant myself and being Asian living in Canada, I literally didn’t have any big dreams when I decided to move to Canada. But only expectation I had was people would be more friendly, educated and so on, and I didn’t noticed that much about(i won’t like to call it racism) but the way local see and behave the other different countries people but now after living here for couple of years I can so easily see how the local treat you, behave you. That’s my biggest disappointment. It might be just my prospective or the phase that im going through and so on. But just wanted to share. Again i know I’m not the first or only person who felt it. And yes I know the local very closely too and how and why they feel that. Some of the immigrants aren’t respecting the rules, tradition or so on here. Well i guess it is what it is. \nJust wanted to share my experience. \nAnd I myself been thinking about leaving Canada for good too and I totally agree with your points. \nHopefully at least housing and rent goes down.

It is not only worthining housings crisis, it worthening Canada's living

Rent will keep increasing as there is no competitive market. as many of the people in Canada are already operating carousel tax fraud. Look that up on W5 and Canada is doing nothing to stop this, guess where all the ones at the top of that carousel are from? As long as there are ones operating illegal business earning more than the average hard worker being able to afford higher rent the rent will not be decreased but keep going up. Saying that they are bringing in mostly younger people is a lie too, they bring in everyone. That our workers are aging out and there will be nobody to do the work. Let's think about this clearly, as the population grows we need more businesses, more schools, more produce etc... Fact we need the same amount of business for a community based on the size of the community I would think. In the 1800's a small school house was sufficient, a local convenience store was enough with a mail order catalogue etc.. As population grows you need more. We also now have self check outs etc.. We are cutting down Canadas number one resource trees to make way for more and more roads etc.. Having to spend more to change and widen roads, feed these refugees, support them till they get situated, house them for how long, educate, train them, and then hope they can actually adapt and not hate us etc.. Look around the world and not just in our own back yards i.e. what happened in NY today, look at Britain afraid to put up Merry Christmas not to offend or any Christian monuments. Yet we have to tolerate. hmmm As said before I am neither Christian nor Jewish I am Natsarim and view those things as pagan myself but feel this world is going down the wrong path and nobody should have to cave in for the sake of others. I will stand with the Christian and I will stand with anyone that I feel are being made to turn over their ways for the sake of others and have their economy shattered in so many ways. Ask yourself what is your government really doing to protect you on so many levels? Many also come here only to study or take loans and then spend all that money they borrow and then leave, banks offer them special incentives with with welcome to Canada packages and they use it all up, buy goods, then sell them and leave. I read that it really is a problem and some have posted on quora if I owe canada money will I be arrested if I return or what will they do to me. It was quite a high amount on a special credit card he obtained that he maxed out shopping and then selling the goods. Now I know many can do that sort of thing and some by mistake, but those that have no intent to stay... The point is what is being done to protect us from purposeful frauds.

Thanks to Trudop opened the floodgates with no proper planning or consideration for the negative effect of tripling the numbers of comers on the food cost, home pricing, housing rentals, the high cost of buying cars, and the traffic on highways. Hundreds of thousands from India and other poor countries come on a visit visa and are stuck here forever trying to get a job regardless of the qualifications, and experience. In the past, there was a criteria to select the best and most experienced to come work and live in Canada. Quality not quantity.

Well, DUH! How does letting in over a million foreigners every year anything but FATAL for the housing situation?! Canada is dying.