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It would be Better if the Drug Industry was Closed, which makes Society, illegally unequal, helpless and more prone to Drug Usage. The Global Capitalist System is Lopsided, and Inside out. Just to keep the Few extremely Wealthy, they Sacrifice Human Rights to a dignified, decent Life. It's not just Canada, this Misery is Worldwide all because of a Few People's Limitless Greed. What you Describe is like just brushing the Dirt under the Carpet, not a real Solution to the Problem. Conditions will Only Get Worse if the Root Cause is not Taken Care Of.

Friend, I hope you haven’t left. I think you’re making a terrible mistake. I’ve lived in Calgary for 29 years. Our stats people are tricky. You will not find a house in Calgary for under $600k. Unless you plan to live in a very impoverished, run-down, and dangerous area. In a “good” suburb, not great, you’re looking at $686K - $749K. Most are now selling between $812K - $1M. I’m sorry my friend, those stats are a mirage. They blend in cheap apartments in Edmonton into those stats. For petroleum engineering, congrats for finishing those studies, but it’s been a long-standing political battle in Canada; Albert vs. Ontario on this issue. The current liberal government is openly trying to destroy the industry you’re in and you will struggle immensely to find work.

How could you make this video and not mention Immigration?! Canada is the global assimilation factory, boasting over 1m new residents this year, they don't need GDP, people bring other countries wealth there.

I have a lot of family and Alberta, as well as some in Vancouver and Toronto. Growing up, I always idealized Canada and wanted to move there so bad, despite the fact that I had 1st hand experience with Canadians who often told me the negatives.I tried to move to Vancouver twice, decided It didn't make economical sense for me. Once covid happened, it really made me thankful that I never made a permanent move to Canada. I also have to remember that most of the time I've spent in Canada was during the summer, and I have to remind myself the weather is only that nice for a short amount of time, most of the year you're buried under snow (or rain if you're in Vancouver).

Government workers get paid way to much in Canada and have to much power.. teachers and fire fighter make 100K with amazing pensions and it’s way harder to do in the private sector.. I remember in high school everyone wanted to be a teacher because it’s how you get rich… also there are thousands of government workers getting way overpaid… are only saving grace is foreigners coming in and starting business… really feels like USA will own is shortly

You’re wrong about racism and trying to make birds from feathers. \n\nBlack, arab and asian are newer to canada and have less because they came with less. They are less established less educated by default so commit more crimes as a result. The bank management also follows the same path as my last point.

Canadas biggest problem is over relliance on US. If they allow themselves to trade with Asia it would be beneficial. Not only that if they stop being US bitch and let Chinese businesses in it might help them. They are playing a game where they will always loose. Canada need policies that incentivize investment from outside. Making Vancouver a tax haven (not for residential property but investments in business) if you invest in business you wont get taxed or taxes are competitively lower, something like ireland and give incentives for startups. 0% tax on startups and keeping low and competitive tax for local industry even later on would help. Vancouver has potential to become something like Singapore or Hong Kong. As of right now Canada has all the policies that discourage investment.

A bunch of stupid immigrants they make them believe Canada is promise land ?

Very much informative video. But I have a request if u can make videos related to wages and how to save the money in Canada or proper investment

The golden age in Canada is gone. I graduated from a good university with a well paying profession and I’m jumping ship to move to China in September. It just doesnt make any sense to live in Canada anymore. I cant buy a home unless its in a province that is FREEZING. Thats not the life I want to live and there will be many more like me leaving Canada due to unaffordable housing. Canada has a very grim outlook and I wont be a part of it.

Well analyzed Q/A. Appreciate your video very much. Canada is losing the cream of the cake people. Gov is taxing to make a person a prisoner by giving back a little cheque monthly, if that person stays in line & quiet. So so sad. Now Bill C11 is coming into Law. Senate has approvedit... Pathetic...

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.

This is so relatable. I was earning 60k CAD in Vancouver, living in an one bedroom condo and had no investment. Then I moved to Seattle (3 hours from Vancouver), now making 170k USD, owning two real-estate properties. I don't want to move back to Canada anymore, because the life there is very expensive, why do I pay so much tax and still can not have a decent life?

The US-Canada wage gap hits hard. Americans are becoming meaningfully wealthier than us on a per capita basis, all while their housing prices are significantly lower. We're not that far away from the average American making 50% more than the average Canadian. We're getting poorer and it's like no one is talking about it.

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.

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.

Thank you so much for this video. I feel Canada is the as compared to UK. It has so many advantages. I will make use of this opportunity. Mant thanks dear.

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).

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!

There is absolutely horrible living in Canada. The country is so freaking cold. Home prices are ridiculously high. It takes 20 years or more to save for a 20% down payment on the purchases of homes. High income and consumption taxes make it impossible to save money. Rents are 2/3 of an individual's monthly income. Food costs are very high due to recent inflation. Most Canadians are unable to pay bills more than $500. Yet, Canada wants to attract more immigrants by promoting this country as a nice country to live.

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.

I think it depends on what you really want from a country. If you exclude costs of living, Canada today looks like a nice place for retirement where people just want to live life quietly and do simple happy things in life. This makes it not as focus on development in my opinion. The cost of everything is going up because if I was a rich person, I would go to Canada too to live life. Not as stressful and the nature there is just amazing. BC weather is really nice.

Australian here! the most amazing part about this video was the fact that 17% of Canada's GDP come from mining and the wider resources sector. Australia often gets put down in the world of economics for being too reliant on mining even though Mining only makes up 10% of our GDP - wishing Canada the best of futures from your southern counterpart, Australia!\n\n@ECON pls do a video breaking down Australia's Economy

I was born & raised in Canada. I love my Country and the people but I have no regrets moving abroad. I was making $200K/Year in Canada and I could not get ahead … wtf? Taxes and cost of living cost me my pay cheques. I moved abroad so that I could guarantee my retirement which I accomplished. Had I stayed in Canada I would never be able to afford retirement. Thanks Trudeau you meathead, you sold us all out!

The trouble with Canada is that no political party is capable of simultaneously gaining power while also making the difficult structural changes that would make the country more competitive. Successive governments have pandered to the needs of baby boomers protecting their housing wealth, to the detriment of literally everyone else. Young Canadians head south where they can make 2x more money, knowing they can always come back when they are rich. It’s a terrible predicament with no easy solution.

I pay 11.5% of my income directly to pensioners as a contract worker making less than 50K in 2023. At total tax rate of 26% all inclusive. I have to live at home, and I can't find a single job that isn't contract work, and I'm a designer who's worked with F500 companies. The best Canadian rate hourly is 30$, my American contracts have paid 135$ an hour. It's such a bad deal to be a Canadian millennial. Canada has two classes. The ruling pensioner elder class which makes up 60% of the country and everyone else that they've impoverished. Canada has poor pay, worsening living standards, extremely high white collar competition, few job prospects and a disintegrating social fabric. But somehow I think this is the story of the entire commonwealth right now. So that makes us no different, and I don't really believe the grass is greener among the G7 either.

Canada is a super expensive country, I've been here for 30 years and still renting houses, unable to save for a downpayment to buy my own house, paying rent forever with my husband and not being able to afford to have kids either. This country is depressing, you go to college and then work and have nothing. Canada is not a happy country, people are broke, paying too many taxes and not getting the proper services, there is a shortage of family doctors in Canada. Also paying too much for rent and gas. The socialist government makes things harder year by year, they don't develop the economy to keep up with the times, the liberal government has a lot to do with the crappy economy here. They create policies to make everything extremely hard for Canadians to succeed. If you are thinking of coming to Canada, think twice, it's a trap, it will take you years to be able to afford anything, you will struggle most of your life.

I really wonder why over 1M people (+2.5%) moved to Canada in 2022, making it one of the most seek out country in the world. Must be something attractive.

Yeah, I've been talking to a Canadian over discord for almost 2 years now trying to learn more about the country and what he told me was shocking. Canadian make about 25% less and pay 33% more in taxes then American and somehow a house in the middle of goddamn nowhere cost as much as a house in Portland. If you live in NYC, SF, or LA yeah you can forget about buying a house but its not like in America housing is unaffordable everywhere like in Canada. In Texas, you can get a big beautiful house for 300k, the catch being that real estate taxes is really high and you still be paying that even after the mortgage been paid off. Florida is affordable but hurricanes, Cleveland is really cheap despite a good reputation, and a house in the rural areas is easily under 100k. Canada pretty much have no houses under 300k which is made worse by the fact that they make less, taxed more, investment is harder + more expensive, and it actually hard to establish credit because they don't have looser standard like in the US.

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.

Cover ones can make canada more high

$57/h value per hour are mostly white Canadians not the immigrants and colored people. Immigrants are making huge mistakes by coming here in Canada and living their good jobs back home. If US today stop investing in Canadian market, the Canada would become like Eastern European countries or may be South American countries. In Canada same goes for jobs. If local government post a job for cleaner then they ask some post secondary education???. Not worth to live here very expensive country. Only people having a good time here are government employees and politicians.

Canada competes on the same education level/worker skill level as America. America has lower taxes, more financing, and a broader worker base. Unless Canada can compete with cheaper energy to make up for it's lack in those other areas, Canada fails.\n\nWhen Trump renegotiated NAFTA there is now less incentive for companies to locate in Canada when they can build in Mexico or America.\n\nCanada should be focusing on primary resource extraction and secondary resource refining. Canada could enhance this by building out hydro for cheap electricity that meets green industry standards. Canada has been failing at this.\nRecently Germany and Japan came to Canada looking for energy deals. This would require East/West pipelines. America shot this down, they straight told Germany and Japan to stay out of their Canadian Colony. And Canada, Germany, and Japan agreed.

Canadas biggest problem is the guy making the decisions on the top in 2023 and his adherence to WEF and ESG principals, in which he is killing Canadas biggest money making industries (energy). How many economies do well when they intentionally kill their golden goose?

Meh, vanilla analysis that circles around important points but fails to make inightful critiques:\n\nA. “Canadian productivity lags . . . the economy is less productive and innovate than America’s . . . less competitive . . . less capital . . .”, and then finally “banks are prudent, well regulated, and untroubled by excessive competition”!!! Yep, just put it together: Canadian banks (and government policies) have comfortably sedated the economy and populace.\n\nB. 00:09:00 “The fact is, Canada’s dependence on natural resources for economic growth has discouraged investment in other sectors”. Total rubbish! Canada discourages investment generally. Success in natural resources - despite government policy and cultural biases AGAINST them - does not hinder economic development elsewhere. The banks, governments, and degenerate academics in Canada do such a good job screwing everything over that the ambitious leave, thus, as the video observed, the “brain drain” south. You know what’s ONLY thing that cannot leave Canada for the USA? Natural resources!! That’s why natural resource companies endure in Canada, because they have no choice.

After watching this video if you think that what is going on in Canada is not crazy, then take note of the fact that Trudeau government is also making it even harder for gas and oil companies, mineral extraction and even farmers to basically do their job. While Norway, Arab countries and even US are ramping oil and gas production, in Canada Trudeau is concerned more about increasing carbon tax and the rainbow flags. Honestly I'm very disappointed in this country, it's becoming worse and worse here. Prices are through the roof, housing is insanely expensive, even car prices are higher than in USA. Many people have to maintain 2 or even 3 jobs just to survive. And if you are a recent graduate or an immigrant professional, good luck finding a good job. You probably will end up in a minimum wage job that barely allows you to rent a room in someone's basement, pay for your most expensive in the world cell phone plan, expensive cars.... and wait 6 months to go see a medical specialist. If you're thinking of immigrating to Canada, better consider Europe, USA or developed countries in Asia. I was lucky because I bought property back in 2016. Now it appreciated so much that I'll probably sell and move to a different country. Hard times are ahead for Canadians, Canada is gonna become Cuba #2 very soon

Ya..except Canada is by far the most educated population with R/D , AI, Robotics, optics, aerospace.. also taxation comparison is misleading as the USA actually pays higher taxes. Brain drain is not a thing anymore, in fact our primary imports are foreign working age students ready to make babies ?. Canada has the largest immigration. Canada will be a superpower in 80 years.

Yeah, I moved from Calgary to the Philippines, so I get those reasons. I'm way happier here and the way things seem to keep going, Canada is becoming the most corrupt place. If you can, and it's something you are willing to do, I'd recommend finding the place that truly makes you happy to live in and enjoy life.

Been to Canada once. I really liked it while I was there but that was 9 years ago. Seeing the government going communist I would not want to live there. Same here in the area that used to be called the USA without borders. Communism. But I do live in Texas born, raised really not a bad place but the World aliens racing across our border makes me so mad.

My father moved to Canada as a five-year-old shortly after WW2… shortly after that, when he was 12, he moved to the US with my grandparents to make more $$.. shortly after that, Vietnam broke out and believe it or not people in the country on work visas, children got drafted…so my father went to beautiful British Columbia where I was born.. and thank God my dad disobeyed American orders or I wouldn’t exist…☝????

100% with you. It’s the liberal government and especially CBC and other media that are pushing a far left ideology. It’s destroying everything that make the country work.\nThe taxing rate is destroying the economy. You are left with half your income, out of that you get taxed 15% on expense and if you buy expert (plumber, carpenter) they too loose half of it. This is destroying the productive free economy. It’s at a point it might collapse.\n\nIf we want to save Canada we have to vote conservative and return to the value that work, freedom, low taxes, small government.

Make your wealth somewhere else, then retire in Canada.

It's unconscionable that we've invited people to come to Canada without actually following through on the promise we made to them in the first place. Was it all just sloganeering designed to appeal to liberal progressive NIMBYers? Was there ever any intent on actually doing something for these poor people beyond a sound bite or photo op? \n\nThe solution to migration because of war, terror, famine and so on is not by opening up the borders and allowing everyone in, the solution to mass migrations (over 100 million worldwide) is to tackle the conditions that make such migrations necessary. Almost without exception, each one of these migrant/refugee situations are the result of political problems that have to be tackled in those countries where the conditions exist. There are over 100 million people fleeing conditions that make life unbearable, even if we wanted to, how are we to take them all into North America? How does anyone propose we do that, and even if we could manage it somehow, another 100 million would show up on our doorstep next year...or next week...it's simply not possible or reasonable to expect us to be overwhelmed by wave after wave of the poor unfortunate. The solutions to war and famine abroad can't be found here and we need to make it plain that people who live in such conditions must first rise up to help themselves. We can and should help, politically, through foreign aid and individual donations (North Americans are among the most generous donators after all), and even militarily where feasible or possible. The UN and other coalitions of nations, must each take up the burdens before people smugglers take it up for them. We have our own problems to deal with here and I'm not willing to vote for promises made that were never meant to be kept.

As a Californian this is deplorable, the Canadian government is willingly letting these students be exploited for profit. Trudeau ran in 2015 with making real change for the middle class. Notice middle class is inferred only Canadians, he doesn't care about you. I always knew something was going on after hearing about so many international students going to Canada, and my fears have been proved right.

Here’s an idea if you have nothing to offer Canada or the USA screw off. I see people coming here doing better than some people I know and they get so many handouts it makes me furious.

I have Canadian citizenship, but these and so many other reasons I have decided not to move to Canada due to financial cost and loss making while trying to to live there. I think I will stay here in rainy Ireland :)

Canada has become very toxic and Trudeau is controlling everything and is making Canada into a fascist country. Trudeau now wants to control what we think by controlling social media. He already controls the regular media.

it's ok 85% of them just continue on to Canada. Both out countries are drowning FAST... Today Ontario alone announced plans to set into action to build 1.8 BILLION new homes. Who can afford to live in them because anyone living here CANNOT. Average rent for a Average house is 3500.00 per month plus water, gas, and hydro. To buy they want 20% down and Average price is 1million for a starter home. \nWorld wide we have a MAJOR issue we ALL have to get rid of the evilness with in and make the world rigorous and good again. We the PEOPLE hold the power.

As an immigrant from Europe who came to the US legally, I'm very appalled that people have such low moral values that even when they're told no, they still come here illegally. I moved here because I like traveling, I come from a former communist country. However my country wasn't always safe, we had to fight for decades to make it safe. None of these immigrants care enough about their countires to make it safe for future generations, instead they leave. Remember, you're not an asylum seeker. An asylum seeker goes to the nearest country that's safer, the US and Canada are usually not that close.