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The only thing I see being built in Vancouver and by a massive amount are apartment buildings… businesses closing to build condos..

Need some 150 round mags in an LMG. You commit illegal activity, you pay the consequences. People break into businesses and die for it, so why wouldn’t they be killed for breaking into a COUNTRY. If you insist on forcing your way in, instead of going through legal processing; you deserve what’s coming to you.

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.

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.

Immigration boom is our new slave class here to service our mortgages on our inventiment properties. As well filling our labour jobs that pay minimum wage that no one wants to work. I love our new Indian slave class, made me wealthy as well as my friends. Don't have to worry about unions, living wage bs, benefits, etc in our businesses. Just good 'ol cheap labour. Shame so many have given up and gone back home. But lots more coming in to replace them.

I don't want to hear any Humanity bulshit, these people have no business coming here the way they they are.

More business investments to Canada not more immigrants

I run a small business in Canada and it’s ridiculously difficult to do here right now. Not only is the available labor pool deficient, but energy prices are high and regulations inhibitory. \n\nIt took 10 years of blood, sweat and tears to get to a solid place, and yet some days I still want to throw in my hat because the Canadian government issued another mandatory survey that takes DAYS to fill out, or some other such nonsense.

So grateful to see all the comments. I'm moving to Canada soon and the comments from locals helped me understand the ground reality.\nI have questions about small business/ start ups, can any of you fine people help me with these? \n1. What are the major challenges of starting a small business/startups? \n2. Is expensive mobile data a major hindrance to the growth of apps which provide services? \n3. Red flags/negatives of starting a small business. Taxes, govt procedures, ease of doing business, etc.\n4. Is funding for a good app based business idea available easily? \n5. If I have an app based idea and the backend/IT operations run out of India what could be the issues I could face legally or taxwise? \n\nWill really appreciate guidance as I'm new to Canada and really looking for real business advice. Thanks much.

I dare everyone to go take a look at a bunch of data from GDP per capita, Crime, Business investment to immigration...you'll see a massive inflection point from 2015 on... anyone what to guess who came into power in 2015...what a disaster.

Brain drain is real. Also Canada can't be innovative if they keep raising minimum wage and making the barrier to entry harder for new businesses.

I can't believe you came up with this comparison when Americans are in general much poorer than Canadians. And American cities are collapsing with people looking daily Stores and complaining about business overworking them for a mere survival pay.

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.

Why invest in a business when a literal doofus can just buy home and land and make many of my relatives made fortunes from “land trade”. \nReal estate and all its related jobs (agents, construction workers) is where a lot of Canadians work.\nAnd cooling the real estate market will affect a ton of those workers. \nAlthough a lot of this actually ignores one of the biggest issues. Our geography.\nSo much of Canada is cold and just an overall annoying place to live in that it’s simply less attractive for anyone to want to set up anything here.\nIt’s big, but a lot of useless land.

I wish blackberry made smart decisions, they could have still been up there with Apple and Samsung in the cellphone business.

But when you go to Canada mainly BC there is way more business activity than say Everett or Los Angeles which is just insurance or medical companys

I liked this video a lot. It is too bad that we spend so little on businesses. That is what probably makes services so expensive like telecom and fuel since we have little competition.

Instead of investing Canadian taxpayers money into making Canada grow and a better place to live the government is too busy stuffing it into their pockets as well as their friends and families! Canadians need to clean out all the corruption in government, courts, military, police, science, education and the list goes on!

The problem with Canada is that the entire economy consists of passing property deeds around. Nobody wants to invest in such an unfriendly business environment. There's no competition in so many sectors of Canadian society. Life is difficult and hopeless for many Canadians.

I would add that because of the lack of investment in businesses and an open immigration policy while over-prioritizing Canadian only experience there is a huge underemployment problem especially amongst highly skilled and experienced immigrants who would mainly wait to get the Canadian passport and move down south to the US where evaluations of international experience is more objective. Lots of low to medium skilled jobs. Dear Canada, I say this as an immigrant, if you don’t have enough high skilled jobs don’t open your borders or make it clear you want low skilled immigrants. That said, Canada is great country with minimal crime and is fairly equal. Problem is, it’s hard to get out of the rat race here.

Nations competing for power and status has been what the history of the world has been mostly about. There are those that are obsessed with competition and are willing to die for power and status. This is the strongest motivation for the innovation, production and exchange of goods and services and is also why the best competitors cannot trust each other and feel the need to deceive, fool, cheat, spy and lie to each other and causes them to build weapons that can basically kill most of the life on this planet and damage most of the environment that can sustain life. \n \nMany nations are comfortable with their lower levels of power and status performance and do not think allocating more resources to move up the ladder will be of much benefit. \n \nPresently, if the economy is not growing, it is considered a failure. This type of thinking cannot go on uninterrupted on a finite planet with finite resources. There needs to be flexibility in the system for the economy to expand and contract and for a contraction to be considered normal and not a problem or a failure. The contraction needs to be just as prosperous and productive as the expansion. For this type of thinking to work, there needs to be some new economic theories and models developed along with some new types of money and financial systems based on economic sustainability not on economic growth and money inflation. \n \nI am sure there will be some Nobel prizes awarded to the academics, economists, corporate CEO's and business leaders and of course politicians and government officials that can figure out how to make a sustainable economy work and how not to devalue the nation’s money in the process.\n \nThe way this can begin and improve peace and fairness at the same time is when our business and government leaders along with our brightest and smartest among us including the most wealthy among us can learn to be much more truthful, honest and trustworthy and can start to understand that the wellbeing of others benefits everyone and is the bases for morality.

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

Have a look at the amount of money remitted by those who are working in the country. Australia is in the same boat. Governments reflect the ideals of big business.

the god awful real estate market has taken full effect on Canadians, it has displaced families, caused almost no one to have children, removed hope from younger generations and many many more challenges for business and residents. if some way it could be fixed then our country would prosper again, but its hard living here when household income is less than 100k on average yet the average home price in Ontario is 850k...

Your neighbor can print money at will because you and everyone else can transact business only in their dollar. Also, don't get too smart ? They hate competition ?

Canadas biggest problem is it’s run by someone who has no clue & no business being in the pms office. He’s a disgrace & a traitor to the country. I truly believe he is destroying Canada on purpose, no one could be that incompetent.

Just keep it simple: \n?? business = stupid \n?? business = smart \nBy that comparison everyone else in the world is very stupid ?

British Columbia's biggest source of income is land transfer taxes. They have no motivation to lower housing costs. Our policies are so anti business its sad. Who would want to set up shop here? You take on big risks and get taxed like crazy at every step. Most people would rather work a government job than start a business.

Must be just a coincidence that global competitiveness and business investment took a nosedive since Trudeau was elected ?

i have an idea for a business and i need an investor probably wouldn't need to much money in reality. 100k

Canada’s biggest problem is it’s socialistic policies of the Liberal governments. Don’t confuse things: social programs like education and healthcare are not an exclusive marker of socialism. The balance of government interference in the economy IS. Nobody in their right mind would start a business in Canada today. \n\nSecondly, running a business means buy and resell, manufacture and sell leaving a profit. But the business of running Canada is losing money. The formula of running the country doesn’t work. We go deeper into debt every year, now to the point where it’s impossible to grow out of debt. As we allow massive immigration to counteract an aging, non-productive population, because of that negative formula, we just keep going deeper and deeper into debt. But it seems that most Canadians want that because we keep voting in the ‘robbers’. It’s time for Canadians to understand that soon a death tax will come in where all your asset value in taxes will go to the government. But that’s coming and is the only way for the government to pay down its debt.

One of the things that I don't get is why Canadian businesses hardly made any effort to explore other markets other than the Canadian & US market. Canada is located in the middle between Asia & Europe and they also are located pretty close to Latin American countries. Yet very few Canadian companies are willing to expand beyond the US market. I feel like Canadian companies are too complacent and like the video said risk averse. Having said that, I don't think being risk averse is such a bad thing. At least the local banks can withstand crises better compared to a high risk business environment like the US. There are always pros and cons in every environment to me.

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.

All the points in the video are very precise and well explained, apart from this Canada is not spending upon the infrastructure which is very important for the growth of any country , Look at Canadian highways in comparison to USA , Railways ,There are no Special economic zones for business ,Educated engineers and doctors coming to Canada are either driving trucks or working on such jobs which are not at apt with their qualification. What I feel rathe then spending billions on dollars on welfares and for the charity , they should have a long term plan for the growth of country in manufacturing sector. Other wise things will get worse in near future for them.

This is happening, but AmeriKKKa is too busy concentrating on depriving us outta civil rights.

Countries in courage this so they can get employment in the US and send cash back to their families back home. That helps their economy and their government doesn't have to spend as much money to help their own people. So Americans are helping to take care of their citizens for them. That's why those countries in courage people to come and not try and stop them. Just look at all the check cashing businesses on every corner in some cities

You look at how many businesses went out of business due to our high taxing. Poor government decisions for 8 yrs is crushing Canada

Good news. I like watching USA suffer.. Serves them right for getting their nose involved in the world's business.. America sent troops to Yemen within 48 hours but have turned a blind eye on the illegal terror state Israel for decades..

it's funny I moved to Canada a little over a year ago and I want to move back to Australia for some of the reasons you want to leave Australia and more. Housing affordability here is a pipe dream unless you like living near mountains and want a laid back life like the life in Perth, in Calgary. But Calgary's job market is not great and that pretty much extends to every province except Ontario and BC. Living cost in Canada is very high... compared to what I experienced in AU, this is more expensive than living in Sydney. (I live in Toronto but this extends to Vancouver as well.) The healthcare system is weak, inefficient and inconvenient. Bureaucracy is again very slow, inconvenient and in some cases so backwards. Banking is not great, super inconvenient, not people-centric, inefficient and very much backward imo.. work-life balance or quality of life is way better in AU. Infrastructure development is slow and not great at all for a world-class country and personally, I expected better from Toronto.. (I do understand why it is the way it is right now, some justified reasons but some not so much) Things I do give props to CA... Diversity and inclusiveness is not just marketing slogan like in AU.. I don't feel like an outsider here... Its incredible. Job market is here much better than in AU. If you're moving from a country like AU, you will feel how capitalism here is made to make more money out of you every step of the way. But also, you will see how you can use that system to make alot of money. I think Canada is a great place to live if you're an entrepreneur or business person and making money is a primary requirement. But if you're someone who loves quality of life and work-life balance and want to probably own a good house, right now CA is not there. Also this doesn't mean CA isn't great, its fantastic... but compared to AU, canada comes short in many fronts. Also I love the weather here even if we have a pretty long winter.

Totally agree. More business investments is much needed in Canada.

We are taxed so heavily that I struggle to invest in my company, and the banking and government business support is severely lacking ☹️

In Canada everyone is greedy. Just go and rent commercial land for business then you will know how expensive is the rent. I am not talking about ghosts cities where only old people are living. To open a business you need thriving population which is in big cities. Just look in the morning after 5 a.m. all the major highways are full of vehicles going towards Toronto. Because all the big businesses are there as well as their head office.

We are very polite overtaxed people. It is halfway through every year before you actually earn money. You are a slave to the taxes until then. Small business is dying because energy costs are too high (due to the carbon tax). Groceries are crazy high... again due to the carbon tax. Will starving a nation save the world?

Canada really discourages Business.

We are on the verge of a huge food shortage, and higher inflation. What’s going to happen when there’s no food, and millions and millions of extra people! Have you seen what’s going on in Chicago, businesses are just packing up and leaving because of the looting. Prepare people.

I invested in my small business rather than real estate, figuring I'd buy a home later. Those that simply bought homes (~11-12 years ago) got way more equity.

Thanks girls. What about temporary business visitor visa? Can it be changed to work permit?

Biden too busy sending Ukraine mass amounts of money while turning a blind eye to our own country . Hope everyone who voted for him is happy ?

I say let them in, every business is hurting for workers right now ... A reason why inflation is so high. Hopefully Mexico can find them jobs ❤️?

Put guns in the border patrols hands and those people will back up, especially if a few got shot. Then they will know the United States mean business.