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1 year, 1 month ago @ghost21501 Canadians are always touting their supposedly higher standard of living, and yet Canadian immigration into the US keeps steadily rising. 10 bG6-JX_iYQM
1 year, 1 month ago @Zirrad1 US productivity has gone up because the financial sector has gotten better at extracting money and assets from the lower 90% 0 bG6-JX_iYQM
1 year, 1 month ago @Lew114 At least Canada has a functioning democracy with sane and reasonable leaders. From where I’m sitting, they are in better shape than the US. 0 bG6-JX_iYQM
1 year, 1 month ago @Trials_By_Errors Reality is most of the world never recovered from 2007 financial crysis. 9 bG6-JX_iYQM
1 year, 1 month ago @SC0291 It’s just getting worse. They’re introducing longer mortgage terms and decreasing the minimums you need for a down payment. Basically they want the younger generation to keep holding the bag while the retirees sell off their houses until the panic sell erupts and the dominos fall. 85 bG6-JX_iYQM
1 year, 1 month ago @weksauce 4:30, no, I will bet literally anything that the majority of Canadians do NOT own real estate. What a stupid claim. There is NO WAY this claim is true in any meaningful way. 4 bG6-JX_iYQM
1 year, 1 month ago @micig123 Am I going insane or was Canada getting the exact opposite videos made about it a mere few years ago? I see the same happening with Australia now on YouTube 0 bG6-JX_iYQM
1 year, 1 month ago @christophereschbacher424 The fact that Canada was introduced as the 51st state in this video just made me laugh. Like if we all joke about it long enough, it will come true. 0 bG6-JX_iYQM
1 year, 1 month ago @andrijapfc For 2 decades Canadian cities have had a condo building boom (for non-North Americans, a condo(minium) is a building built by developers with the intent of selling off the apartments individually, instead of the whole building being one large rental property - that's a rental building) with the rather strange peculiarity that the bast majority of those condos are small - studios, one bedroom and one bedroom + den (in North American real estate linguo, a den is a small room without a window). There are some two bedroom apartments, and three+ bedroom apartments are very rare. One of the reasons for this is a general mindset that apartments are for singles, young childless couples and retired empty-nesters, while families are supposed to live in a house of their own. Another reason is that some archaic building codes restrict the type of apartments developers can fit in a building. The result of this is that in a country which certainly does not lack space, there are now tons of small apartments (the demand for which has been going down in many areas), but it's too expensive to afford a larger space to buy (whether a house or one of those rare large apartments) once you want to start a family. 8 bG6-JX_iYQM
1 year, 1 month ago @a22226565 Canada and Mexico should both join BRICS to protect themselves away from American! 3 bG6-JX_iYQM
1 year, 1 month ago @SilencedRabbit Thats what liberalism gets you 3 bG6-JX_iYQM
1 year, 1 month ago @JE-dv2ms You said there's no reason that people would pick Canada over the US but given the current political and sociological climate in the United States that's not true anymore.\n\nPeople want access to healthcare, paid parental leave, a social fabric that isn't toxic, access to women's healthcare, lack of gun violence, consumer protections etc.\n\nJust like many Europeans won't leave Europe for the US, many Canadians won't either, especially now. 29 bG6-JX_iYQM
1 year, 1 month ago @humbugswangkerton9972 Brief summary: 10 years ago Justin Trudeau gets into power. Investments into the Economy are neglected and frilly social programs are funded instead. 0 bG6-JX_iYQM
1 year, 1 month ago @GeoFry3 Cheep money (printing press goes brrrrrrr) + onerous regulatio s that stop new construction + a flood of imigramts = unaffordable housing. 0 bG6-JX_iYQM
1 year, 1 month ago @riverraven7359 the west is committing cultural suicide, bringing in our own replacements in the name of productivity. 0 bG6-JX_iYQM
1 year, 1 month ago @laptv2144 I don’t understand why I get every “How Money Works” video in my feed when I’ve watched a couple yet I’ve been watching these videos for years and they never appear in my feed 9 bG6-JX_iYQM
1 year, 1 month ago @chinoyhouse8247 This is why Trump wants Canada. To save Canada from itself. In year 2125 The entire American continent will be the New States of the Americas From Canada to Argentina. A strong transcontinental power Rivalling the Eurasian Union. 0 bG6-JX_iYQM
1 year, 1 month ago @Bronstone What a biased video! USA has AA credit because of their debt, Canada has AAA rating. And rapidly increasingly housing prices is seen across the G7. And the doubling of housing occurred during COVID19. 9 bG6-JX_iYQM
1 year, 1 month ago @braineaterzombie3981 Canada is still better than most of the world out there 0 bG6-JX_iYQM
1 year, 1 month ago @studentofhistory2 FEEDBACK: I've operated various businesses in Canada and all I can say is, 'never again'. The BUREAUCRACY grows in strength every year, issuing more & more regulations, stifling everything. For every new rule a bureaucrat introduces, an old rule should be retired.\n\nHOUSING: It's the Liberal Government policy to pander to immigrant voters that has put us down the wrong path. I'm amazed that so few people in, say, Vancouver who complain about the astronomical cost of rent and mortgages realize that their problem is directly caused by our WEAK policy of permitting new immigrants to move to Vancouver & Toronto , instead of the 1,000 other towns where they're desperately needed. How stupid are we, to not even understand the policy issue? \n\nMeanwhile, I actually lost my apartment block in Winnipeg because the market value dropped below the mortgage balance and the bureaucracy was killing me with their conflicting rulings. So, why did my block drop in market value? Because people were leaving Winnipeg, and Manitoba. EVERYONE went to Vancouver or Toronto. Thanks for nothing, stupid politicians.. the opposition isn't doing their job when Canadians don't know anything about this. 9 bG6-JX_iYQM
1 year, 1 month ago @RealMajora Unfortunately half the population seems to not care about the situation Canada is in as it relates to the past decade and they only think about Trump now 0 bG6-JX_iYQM
1 year, 1 month ago @blacklightretro fk houses, they steal right from your bank accounts now. without remorse. 0 bG6-JX_iYQM
1 year, 1 month ago @TheRealJaded Canada sucks, it's cold and people are stupid. 1 bG6-JX_iYQM
1 year, 1 month ago @Grady_Cool Slowing down productivity seems to ruin countries productivity. How would've thought??? Aggressive investment in it can be hard to keep up with over the long term. How can countries find a balance? 0 bG6-JX_iYQM
1 year, 1 month ago @gimusk5667 Canada is trash (as a Canadian) 2 bG6-JX_iYQM
1 year, 1 month ago @willemvanriet7160 I live in co-op housing where rent is 33% of the market. We used have people coming and goign but nowadays our only vacancies are when people pass away... 0 bG6-JX_iYQM
1 year, 1 month ago @johnsweeney2906 Canada is a complete shithole thanks to Justina Tardeau and his corrupt Liberal criminal party. We will collapse if they ever get power again. 1 bG6-JX_iYQM
1 year, 1 month ago @benvicius672 @EconomicsExplained, would you consider running in our next election? You make more sense than most of our politicians. 0 bG6-JX_iYQM
1 year, 1 month ago @stefanknezevic... Majority of population are homeowners ? LOL. I guess 51% is the majority ?\nAre you telling me 21 Million Canadians are homeowners ? what about kids and Permanent Residents? 0 bG6-JX_iYQM
1 year, 1 month ago @murray3960 If my country doesn't get housing costs under control they're in serious trouble. The average house in the town I live in is something like 900K and there's basically no local economy. With costs so high I can't afford to start a family. If we keep gaining old folks needing healthcare while keeping housing expenses high and wages low taxes will have to keep going up.\n\nI am not going to continue to pay huge portions of my income for the benefit of the elderly while I can't afford a decent lifestyle. I don't want to but it seems moving to the US or elsewhere is the only option if things continue this way. At list point the local governments are so invested in denying housing permits and abusing zoning laws to prevent housing being built that the only way to fix it would be to strip the provinces and cities of the right to decide their own zoning bylaws. \n\nI want to see a change in the constitution that makes zoning bylaws illegal. There are too many people thinking of their self interest and not of the Nations interest. We deserve to lose the right to decide what can be built in our neighborhoods. We have been abusing this right for too long 0 bG6-JX_iYQM
1 year, 1 month ago @AricGardnerMontreal I don’t understand how having a house be 10 times as valuable suddenly makes you rich if you sell that house you have to buy another one to live in it. You always need to live somewhere. It’s just make-believe money that stops new players from getting into the market. 1 bG6-JX_iYQM
1 year, 1 month ago @EchtellionN Increase access to unused and agricultural land in urban arease\nImpose export tariffs on construction materials\nReduce union fees for construction workers\nRemove municipal restrictions on high density housing\nReduce temporary immigration\n\nJust a few things that would help the housing crisis. A housing deficit serves only the investors, it's time that the state produces housing at a reasonable price. Might be wishful thinking, but we need ways to keep housing affordable. 1 bG6-JX_iYQM
1 year, 1 month ago @hplaserjet5902 Canada is like california, NIMBYs everywhere. 0 bG6-JX_iYQM
1 year, 1 month ago @DanielWilson-l1i It has been illegal to speculate on housing since 1981 in Canada. The goverment simply refuses to enforce the law because they are corrupt. The Charter of Rights and Freedoms bans specualtion on necessities of life. This law is what allowed the Nestle Corporation to sue Canada in international criminal court so they could take their water for free for their Pure Life bottled water brand. 3 bG6-JX_iYQM
1 year, 1 month ago @quandaledingle8960 Doing… not going. 0 bG6-JX_iYQM
1 year, 1 month ago @trivialgravitas9581 Canada isn't going to make it much longer. 1 bG6-JX_iYQM
1 year, 1 month ago @brandino97yyc As a proud Albertan the only ways Canada can succeed in the future is vast sweeping reforms across the country and government at all levels or joining the USA and getting a fresh start for each province. If non of those things happen we will fall so far and probably end up a failed state by 2040 0 bG6-JX_iYQM
1 year, 1 month ago @serpentphoenix I'm glad you mentioned the emigration and brain drain part. I'm a 30 year old engineer and I'm tired of living in Canada, I don't even identify myself as culturally or politically canadian anymore. Here's to me hoping I move to the USA with my useless degree and start over my life. 5 bG6-JX_iYQM
1 year, 1 month ago @leoli306 If GDP takes government spending into account, which it does, then American numbers will look higher (look at their debt compared to Canada) 0 bG6-JX_iYQM
1 year, 1 month ago @jmcb3411 It sucks 0 bG6-JX_iYQM
1 year, 1 month ago @bwalbwal7895 Sounds like Australia minus the US rivalry. 0 bG6-JX_iYQM
1 year, 1 month ago @jamesfraser2342 Home ownership numbers are skewed, pretty sure anyone a part of a homeowner’s family living there is counted as a homeowner. 0 bG6-JX_iYQM
1 year, 1 month ago @BladeTheWatcher Let's not forget that the US simply has more capital to put into its industries. A LOT more.\nI could also say they can spend an infinite amount of money on anything - as they can print USD and the whole world pays the price - a loophole Canada just doesn't have. 0 bG6-JX_iYQM
1 year, 1 month ago @dervogalfanger3097 Canada was cooked when they lost their national treasure, Ryan Gosling, to the US. 1 bG6-JX_iYQM
1 year, 1 month ago @UserUSERhshsjsudhdh As a Canadian I would do anything to become the 51st state\n\nThe country has failed the younger generation and is by far the worst country in G7, by a LONG shot\n\n(Since i want to leave so bad: migrating to the US LEGALLY is actually kind of difficult) 0 bG6-JX_iYQM
1 year, 1 month ago @WhatsOnTheOtherEnd I’m part of that brain drain from Canada to the U.S. Having dual citizenship made that easy, and while I miss so many things about Vancouver, I was being totally squeezed between expensive housing and very poor income outlook. There were director level positions that were offering less than my mid level role; not a good look. Down south, I was able to jump income (not considering the exchange rate) 200% in two years, and I have far better career prospects. \n\nIt’s not great. I will always be a Canadian at heart. 1 bG6-JX_iYQM
1 year, 1 month ago @mrb152 “ presumptive 51st state”. Thank you for accepting reality. 0 bG6-JX_iYQM
1 year, 1 month ago @maximiliankehler2547 Funny, the dowturn started when Tredeau and the liberals came in to power. I know correlation is not causation but there are various data points that confirm that they were resposible for the majority of our current problems. 1 bG6-JX_iYQM
1 year, 1 month ago @LENZ5369 It is in the interest of politicians to talk about lowering house prices (to avoid alienating non homeowners) but at best; only slowing the increase -property owners generally have more money, more voter turnout and thus political power...slashing the value of their biggest investment is probably a lousy campaign strategy. 2 bG6-JX_iYQM
1 year, 1 month ago @jacobs.macauley4420 I grew up on Vancouver Island and the local government didn’t allow for secondary suites. Then with housing crisis continuing the fact that province had to step in with a carrot and stick approach to municipal governments to approve more housing and change regulations stick being if you don’t meet targets you lose power and carrot you hit the targets you get cash this created a direct opportunity cost of nimbyism plus the federal government would top the amounts if a municipal government hit there housing targets. It changed really quickly the municipal government changed the law to allowing secondary suites to be built which the cost per square foot to build is 1/3 compared to new builds. This allows more rental properties and housing options and allows more people to purchase goods and services in the local area and not dramatically increasing the costs of new infrastructure to service them as compared to a new housing development on the outskirts of the city. A home could comfortably double it’s density every effectively, affordably and swiftly. 4 bG6-JX_iYQM
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