Canada is Having a Crisis

[@rayafk8502]

As a 21 year old in Canada, it’s basically impossible for me to move out of my parents house. We are lucky enough to have a house and my parents have been paying the mortgage since 2012, so our property value has risen a fair amount. That creates a bit of a problem though, because now our property taxes are crazy and we are living essentially paycheque to paycheque. We’ve considered selling and moving somewhere smaller, but we are already in a town of

[@musaj13]

punt it all in memecoins, only way out of the shithole, trust me

[@Randomguy-op2hs]

Damm, good luck bro.

[@JackReacheround]

30 year old Canadian here, my retirement plan is to pass away

[@schmelvid]

same here in germany

[@Randomguy-op2hs]

@@JackReacheround stay strong brother

[@CaptainMorghan4152]

Please as a Canadian I really want a video about our economic crisis. I live in rural Ontario hundreds of kilometres from any major city in a town of like 20k and rent is unaffordable here too 3-4K a month I literally cannot move out of my parents place because everything is too expensive to move. Me and many friends are economically trapped in Canada living paycheque to paycheque

[@TheWolfeDen]

Thanks for sharing your perspective

[@bigstink1877]

man i live in a town of like 1000 and i just moved out of my parents place last year and rent is 1800 a month if i lived in someones basement. I got lucky and got a house for 1k a month through a family deal

[@leviotten]

I have a broke friend who just moved from fort francis Ontatio to fort erie. come on man. try harder.

[@kazumakariama]

Sounds about right. My mom constantly threatens to kick me out despite me paying for everything and struggling. I make like 20 an hour and it is ROUGH.

[@danielv943]

Are these jails? I'm too lazy to search it up but if so then funny wpwp, lol

[@everydayengineering817]

8:00 As someone in the construction industry in Canada - I want to take a moment to shed some light on why "affordable" housing isn't being built in the numbers needed. It is simply profit maximization. Construction companies like other companies want to maximize there ROI and the best way to do this is to build luxury housing. It costs 20% more to build and you can charge 50% more for it. This becomes especially relevant in areas where the land value is really high because the value of the building itself is not the major source of wealth - it is the land. From an accounting perspective - you are taking a permanent financial loss by building "affordable" housing on land you are developing.

[@tdcfc]

At some point that bubble has got to burst though I hope. It's not like everyone is born into insane wealth and ready to buy these luxury houses. It's profit until it isn't selling anymore.

[@zimbu_]

Probably should do something about the incentives of an industry if the current incentives setup makes the industry do societally harmful things. Regulations for how many units of each size need to be built, subsidies, different property tax rates, georgism, government/city building itself etc. should all be on the table if the situation gets this bad.

[@damonkeyman17]

Same thing in America. I drive out to the countryside and all the new builds are 4-5k sq ft 5 bed 3.5 bath houses on 1/2 acre that is being sold for 700k+. Counties badly need to rezone to denser housing and put limits on lot sizes. This massive expansion of the suburbs is also by far the number one problem in wildlife conservation :(

[@chase-warwick]

"It costs 20% more to build and you can charge 50% more for it." - This only holds if there is outsized demand for this kind of housing. In the sense that you have to be able to move these homes after they are built. The fact that they are in fact moving implies that we simply aren't building enough, if we were then builders would be unable to continue building luxury housing because they would struggle move it at current price points. I do agree that underlying land values rising makes luxury housing much more attractive though.

[@chase-warwick]

@@zimbu_ More regulations probably isn't the solution, and it will likely cause supply to drop further since in general adding red tape introduces additional costs driving competitors out of the industry and strengthening monopolies or oligopolies. In general I would say that the red tape imposed by local governments is a big reason why housing isn't being built. For example at least locally (as a Canadian) buying a single family home is much cheaper than buying both sides of a duplex. This implies that there are (or at least should be) profit incentives driving the building of townhomes, duplexes, and other high density housing (which in general is cheaper to build than even non-luxury low density housing like SFHs since costs are shared between units. The main reason that developers aren't building these more affordable homes is likely related to local zoning laws outright banning the building of these types of homes in most neighborhoods and strong pushback from NIMBY's whenever developers attempt to move in and build these more affordable structures (which increases costs)

[@kamilwezka]

I lived in a two-bedroom flat (a condo for you in NA) in London between 2002 and 2004 (even then, it was bad). I shared it with eight people; we had bunk beds to fit all. Then I went to uni, so I had a place for a few years on my own. But when I finished it, I rented places with other people, otherwise it would be impossible to save any money. After all these years, it was a stretch. Perhaps my issue was that I didn't aim to get into high-paying jobs - I was interested in physical sciences, thinking I would work it out. But that didn't work out. I have a decent job today in tech, but I need to find out how long the gig will last or act before my candle burns out. I am trying to figure out what to do (diversify) if I lose my job, but I don't want to do anything shady. The last option is to die before I retire. Thus, in many cases, the system does precisely what it intends - to extract the most out of us before we collapse, like John Henry in a folklore story. The crisis in Western societies is a partial side effect of institutions that want to suck out local resources unsustainably (including unfair employee treatment/pay that forces the local populations to ditch these jobs) and then rely on immigration once they are depleted. But perhaps I am another "useless" & "avocado on toast munching" millennial, eh?

[@qin2500]

They are trying to build a new affordable housing apartment in one of the suburbs in the greater Toronto area, and ALL the people who live in houses around there are fighting against the "Overdevelopment" of the area. The main points they have are worries that roads, stores, and school would become too crowded, but, in my opinion , it is a very selfish take to have.

[@bw9382]

Dawg, 60 year olds can’t survive in a car neither can a whole family. Zoomers and Millennials tho? Good enough.

[@crediblesalamander8056]

nimbys have no souls.

[@JimGamingTV]

Immigration is indeed an issue but on the other hand, this problem existed before immigration was such a hot issue. It’s simple. If you don’t have enough quality homes to match your growing population - especially if it’s people moving from one state to another - supply will be artificially constrained and prices will rise in the market. This is not even mentioning that suburban sprawl takes up massive amounts of land, an insufficient tax base, and growing debt of municipalities, etc

[@blinkx1070]

fuck NIMBY's

[@Anklebreaker9]

@@JimGamingTV its not just immigration that has created this housing bubble. In the freakishly expensive areas like Vancouver and Toronto there is a massive issue with foreigners outbidding locals using housing as an investment property. The government banned this but its so easy to get around it by using a family member who is a citizen to buy the house for you

[@isaiahsabo4728]

I live in Washington state, and I have so many friends that moved here from Canada because it's entirely unrealistic to live in Vancouver right now. They all ended up marrying Americans so if you think about it, the worse their economy gets, the more people we cure from Canadianism, so i guess thats good.

[@minhocho5487]

That is not true, we need less people from Canada especially media figures.

[@JohnnyRocket76]

Alberta born and raised and have been considering a move to Montana. Our country is doomed. I can say with absolute certainty, if canada doesn’t change course, we will be annexed by the U.S.

[@Blaze5x5x5]

Mfing Canadian immigrants taking all the houses. Fuck the mexican wall. Build a Canadian wall.

[@yuuthehobo]

That's until Washington becomes the new Vancouver with regards to housing price...really tricky problem to solve

[@fedbia2003]

As a Canadian Washingtonian: Fuck that. They should stay in the country they voted for. They want to have extreme liberal policies that fuck their housing? Great! That's on them.

[@RazzleRyan]

I live in the attic of someone’s garage in the driveway of their house and I pay $1,300/month, increasing to $1,400 in January. I love living in Canada but I don’t know what I’m going to so

[@WesleyGripes6]

That's crazy

[@RazzleRyan]

@@WesleyGripes6 I'm living paycheck to paycheck and it's impossible to save up money to move since I've got no extra to put aside. It's unfortunate.

[@tdcfc]

That's rough, dude. Wishing you the best.

[@grantsampson776]

@@RazzleRyan I rent too, the cost goes up a bit every year and it hurts every time. But just so you are as miserable as I am; Pierre is likely to win the next election, if current trends hold, and his housing policy is to remove the rent cap. So the small amount rent goes up every year... will increase. I'm not seeing a light at the end of this tunnel, and if things go the way they seem to be going, it'll just get darker going forward. Best of luck man, brace for rough times.

[@hastyscorpion]

Atrioc said he liked the video but I got to say I thought it had very little substance. It was mostly showing instances of really high housing prices and then juxtaposing it with Canada's immigration policies to imply that those policies are the only reason housing prices are going up. When the reality is far more complicated. The construction worker immigrants aren't the ones bidding shacks in Vancouver up to 2 million dollars It was a pretty lazy video in my opinion. I really hope Atrioc will still make a video. I assum his will be much more in depth.

[@matthewgoodman434]

I totally agree! it sounds like the Poilievre viewpoint where we're supposed to believe that Justin Trudeau singlehandedly ruined Canada.

[@light3181]

The full video is in the description of the video if you want to watch the entire thing without A’s cuts and commentary

[@Noobscodee]

@@hastyscorpion immigration = less jobs and more rental increases for REAL Canadians. The construction workers are just as much of the issue those jobs should never be in there hands and they should have never come here to do work meant for 20 year old men. Immigration is one of the big 5 things wrong with Canada if we got rid of the 1.5 million hogging work the nation would feel the relief literally the next morning . It’s that simple! Once we get rid of the immigrants and fix rent then we go after the Chinese and Jewish hiking up food and housing

[@Noobscodee]

@@hastyscorpion yes immigration is one of the Biggest reasons housing and food and difficulties of finding work… those construction workers are just as big of a nation threat as the big Chinese buying up properties… just because there is one issue doesn’t mean we are going to ignore immigrants who drive up rent and take jobs from the youth like who the hell asked you to come to Canada to be a construction worker when that jobs is meant for literal kids getting out of highschool and criminals who turn a new leaf.

[@aidenrylott6688]

I wish this video highlighted the impact provincial leaders have had on the housing crisis. In 2018 in Ontario, our most populous province the premier (a conservative) removed rent control for all new rentals. The theory was that this would cause a lot of new rentals to be built and lower the cost of housing. But what it actually did was turn landlords against their long time tenants because if the tenants left they could apply to raise their rent to insane levels. So now people are locked into old leases because they can’t afford to move to a non rent controlled apartment. It’s a desperate situation.

[@backthrust1116]

Why did he expect more rental units to be built with all this regulation and zoning laws In reality he is simply in the pocket of landlords

[@aspkdghasiogpaogawptg]

One key issue that is under-discussed when looking at Canada is jurisdiction. The Constitution Act of 1867, Canada's primary constitutional document, "municipal institutions in the province" and "generally all matters of a merely local or private nature in the province" are delegated to the provincial government. (CA, 1867, S. 92(8) and (16)) The federal government's capacity to facilitate the construction of homes is restricted to the limited amount of land the federal government owns in the provinces and to transfers to the provincial and municipal governments therein. While immigration policy has exacerbated housing issues, the biggest issue comes down to a lack of action by provincial and municipal governments, who often pass the buck up the chain as a means of scapegoating while maintaining high property values for those who are actually engaged in local politics (who are often retired and property-owning). Because people assume there's more power in the highest level of government, no action is demanded of those actually responsible.

[@backthrust1116]

Yeah. That's another big issue. People think the federal government is responsible when it's actually the local governments.

[@sampic_]

It's at a point where house builders are waiting for 4 years in Quebec City just to have their permits approved by the city. They want us to stay broke. At least that's what it feels like.

[@aspkdghasiogpaogawptg]

@@sampic_ at the end of the day, the people who actually elect the City Council are the people who want property values as high as possible. Makes sense why they'd want the supply limited

[@sampic_]

@@aspkdghasiogpaogawptg The current mayor in my city has been the same since as long as I remember and he's starting to go against his own beliefs for the "environment" and "safety". Not that I don't believe in environmental problems or that safety is not a problem, but it's not for a municipality to take care of most of these problems that also have never been an actual problem if you look at the stats. They just changed the speed limit in most streets to follow the Montreal mindset, they have been thinking of banning wood stoves for heating homes when Hydro-Quebec is on the brink of not satisfying the electricity demand. It's at a point where they only value the vocal minority.

[@aspkdghasiogpaogawptg]

@@sampic_ my big take is we need better municipal political organization, including getting young people and tenants into these public engagement meetings to get more housing, including rental spaces, built

[@matiasrostworowski5141]

We were calling it a housing crisis here in Vancouver all the way back in like 2014 or even earlier. It’s gotten SO much worse every year since.

[@kateiluk5521]

And it's all thanks to immigration

[@Anklebreaker9]

As a young canadian nothing pisses me off more than when i hear our politicians saying we need more people to fill jobs when im out here struggling to find an entry level role for my career and there is 8.6% unemployment in my city

[@AlwaysThirstys]

They mean they need more immigrants to fill low skilled jobs in RURAL towns that have had their population slowly decreasing. This type of immigrant has almost little to nonegitive impact.

[@j-thugger5057]

​@@AlwaysThirstysno them being here raises housing prices cause they need a house to.

[@briano9397]

Sorry lil bro, my generation started wanting higher wages to keep up with the cost of living, and stopped working shitty jobs. The government then said okay we'll import people that will work shitty jobs, instead of setting you up with a better job. They just brought over desperate people from the slums of over places

[@Anklebreaker9]

@ I was also an immigrant, ik the process. Canada mostly takes in high skilled immigrants (less in the past 2 years) and then make it unimaginably hard to certify your degree to the point where its easier to redo the schooling. Alot of skilled people just end up working low skilled jobs. Also no, most immigrants are not moving to rural areas lol

[@Anklebreaker9]

@@briano9397 its ok i dont blame your generation or even immigrants. It is immigrants who built this country after all. Its just a broken inefficient system with a 💩 goverment

[@adryld25]

The problem is zoning is so hard to change here. People don't want their towns and villages to change and they don't want their houses to lose value so nothing is being built apart from luxury. Anecdote: I'm in Montreal and I see this job opening in a village 50-60km away. This big manufacturing plant for electric buses was built there and now they are hiring welders and assemblers. I happen to be a welder, so I start looking into moving there. I'm literally willing to pack my shit and move right next to the plant and work there, but there's a problem... Nothing for rent, nada, fuck all, not even a basement, not a shed. Absolutely nothing. The only way would have been to live in another town 50km away. Not worth it, if I still have to commute for 45min. twice per day. Defeats the purpose of moving out of the city. Immigration is not gonna solve this, they still can't move to that village. The only thing that was built in the last 20 years is retirement complexes. For some reason, those were approved but not newer developments or apartment buildings.

[@akr4s1a]

Please, what I would kill for actual good explainers about what is happening to the Canadian economy that go deeper than the surface "immigrants" Yeah. Immigration is high go into the fucking numbers and explain why Canada made the choice, what the government intended and what is actually happening and what other choices were available. I want to be able to educate my friends without having to pause a video and go "well, the reason we had to increase immigration levels.."

[@Owen-rx5wq]

One major reason is the fact that Social Security is reliant on more working people existing than people retiring. Issue is, birth rates are falling in every developed nation. Since birth rates are dropping, that puts a huge issue on Social Security since that means people retiring > people entering the workforce. Why is that a problem? Social Security is funded by taxes, less working people = less taxes = less money for social security = A LOT of angry people. One way to alleviate that is immigration, bring in more working people that can offset the retiring ones. Another reason is exploitation. It's easier to pay an immigrant much lower than a local citizen because what are they going to do? Go back to the worse living conditions that they fled from in the first place? Being paid min wage in a western nation is still more than they'd make at home with what is likely a higher quality of living to boot. Since you can pay them much lower, you can make much more profit on stuff and we all know corporations loooove their higher margins. Obviously these aren't the only two reasons for immigration, but hopefully this can give some insight as to why a lot of western nations have gravitated towards immigration.

[@adidab14]

What exactly would you kill? A wolf? A human? A dog? Maybe a bear? Is this hand to hand combat or are you armed? The people deserve to know

[@fortescuegr7573]

Very simple , Canada has this idiotic mindset of more people = more wealth. However, as a Canadian , everywhere in our economy I see people that work like idiots. Canadian don't have this reflex to improve the machinery or the process , it is just about more labor. Combine that with the current social net , if you make under 90k (roughly) , you are a net loss for society as you will extract more from the government than what you are paying in taxes. Meanwhile , Cities that are part of the provincial government have been blocking housing all over the country with strict rules. Those same provincial gov are sometime very unfriendly toward the central gov which mean there very big misalignement between the provinces and the central governement. So you kind of get the picture now ? We import people. We don't increase our productivity with better tools and machinery. Those people imported just consume welfare from the state. House aren't getting built. Canada has increased its burden meanwhile maintaining stagnant its productivity. The result ? stagnant gpd growth , housing crisis , labor crisis,

[@AnonymousComrade]

The fundamental problem is that productivity is low, so the government is spamming immigration as the solution. But the productivity problem is affecting immigrants too, so you need ever increasing immigration to keep plugging the gap. The whole country has basically become a Pyramid scheme.

[@akr4s1a]

Everyone replying to me as if I don’t know. I’m saying I want content creators to talk about this with nuance so I can send it to my friends without caveats.

[@shyguypro9876]

Atrioc's mentioned this a few times, but as a Canadian it's hard to understate just how I liked Trudeau is at this point. While most people don't go around with the Fuck Trudeau banners/signs because of the type of person that'd associate you with, I think most Canadians at least resonate with that sentiment. Everyone knows the Liberals are going to lose the next election in a massive landslide.

[@ryanthompson3737]

Which is ironic, because the other option is a multi-millionaire that owns a real-estate investment company that not only owns rental properties, but invests in the real estate market as a whole. If people think he's going to fix the housing problem, they must be brain dead. The vast majority of his wealth and retirement is pinned on the real estate market continually going up.

[@backthrust1116]

This is not a federal issue. It's a provincial / municipal government issue. Neither Trudeau nor Pierre can really do anything about this. Except maybe change the rules such that housing comes into the purview of the federal government. But that probably won't happen

[@ashblossomandjoyoussprung.9917]

We've been thinking that Trudeau would be out for years, though. I've heard "Don't worry, he'll lose the next election," too many times.

[@outsideguy-xo3vi]

9:41 Canada might just need him at this point

[@isaiahsabo4728]

right before the video started i got a zillow ad about settling and buying a home with a bunch of roomates lol

[@TheWolfeDen]

That ad cracks me up

[@MilkInTheBowl]

Big A’s hoarding properties like he’s hoarding glizzys.

[@jacobr4166]

250k annual housing starts, 3 years of 500k annual immigration during an already inflated housing market and they JUST decreased immigration to 390k like a month ago. Our population is like 40M, that is the equivalent of importing the entire province of Newfoundland EVERY YEAR. Federal policy is such a massive part of our problem. They were printing money and handing it out left and right. To get CERB you literally just had to make a phone call and talk to an automated call center for 5 minutes and boom here's $2k biweekly directly into your bank account for months. Most people I knew that took it were either living at their parents expense free, essential workers that intentionally decreased their hours to meet the requirements for CERB, or stay at home spouses that only work side jobs. They spent years attacking our main industries and chasing out competition while they "invest" $15B just to attract a handful of EV battery facilities here to compete with the US but we have to imported jobs from Korea just to get it off the ground bcz no one here works in that industry. Meanwhile taxing the sh*t out of everyone and everything. Racked up the most debt in our countries existence and then had the audacity to talk down to a reporter in 2021 who asked about it in relation to the low interest rates at the time, one year later an they quadrupled, most of the debt was not fixed term. Most people with basic financial competency could have seen what comes next back in 2021. Now our debt servicing costs are more than we spend on the entire healthcare system. That system is failing to keep up with the population growth and we have no money to make the necessary investments. ER wait times are no joke 12 hours or more EVERYWHERE. Unless you are triaged for bleeding out or screaming in pain making a scene, you will not be seeing a doctor anytime soon. Our problems are not unique to us and not entirely due to the Federal government but they have been a massive net negative for this country since year one. That's the difference between 2008 and now, this was not a can kicked down the road, this was waiting for a fire to go out vs pouring gasoline on it. The only plus they get in most peoples books is legalizing weed and that was 2017. They have been worsening the problems in this country and gaslighting the public about it. By the time we see the total damage they have caused our housing market is going to be a generational investment that you pay over your entire lifetime and then transfer the payment to your kids like in China. Their only solution to this is just giving more access to long term debt by raising amortization and boosting first time home buyer savings but only if its a new build. Its all horse sh*t. The attitude in this country has changed because people have woken up to the years of terrible decisions now that the effects are showing up. Our government has done us so dirty that we are all walking around jaded and now feel like we are being held hostage by the Liberals, NDP, and Bloq over programs we can't afford and in general do not need. We just want to vote this MF out and move on.

[@merevial]

Took the time to read your entire comment, you literally captured everything I wanted to say.

[@jacobr4166]

@merevial Glad it resonated! I had some free time at work so just went in 😅

[@vangoghsseveredear]

Its honestly sickening. Theyre all treasonous bastards who sold out our country. Frankly, unless we pull a Trump and Canadians get more serious about it I don't see us recovering from the damage this government has done for decades or more. Everyone in Canada is too scared of being "mean," to accept the fact we need to take some serious, serious countermeasures.

[@vindictiveDOOM]

The worst landlord Iv ever had was someone who couldn’t afford the house. I don’t think it’s fair to push their financial responsibility onto the renters

[@Stanmanme]

Kevin Rudd, THE HANDBALL HERO

[@griffingarrison2231]

As a Canadian - PLEASE ATRIOC MAKE A VIDEO FOR US PLEASE

[@st_tanna]

Also as a Canadian - I second this

[@tabzoo7819]

As a Scot, I can third it

[@bw9382]

As an American, you don’t deserve one, your greed is ruining marketing Mondays for the American Viewers.

[@4purs]

But why , we already what’s going on in Canada and it’s not like a video from bigA gonna help our rent 😂

[@jarrettbrehmer3026]

@@bw9382 pipe down noone asked u

[@danang5]

i think the main problem is making house an investment in the first place,dunno why and how it become like that in the first place

[@JadonTheEternal]

23 year old in Canada, graduated a year ago with a Computer Engineering degree, im barely even able to find work, most of the positions ive gotten interviews for wouldnt have supported me moving out even had I gotten them. Its tough out here.

[@jimmy13morrison]

Using average house price and median income feels like cheating

[@aubry888]

Need more people like you 👀

[@yeeaight9990]

it doesn’t really affect the stats, 100,000 average people make on average from 20k - 130k a year, and then you have one random outlier that makes 15 billion a year. It just aint the same with houses, yeah the average house is from 300k-600k but the big mansion is like 4-6M. The x1500000 income is not even close to comparable with the x10 house price.

[@jiveturkey9078]

0:26 Boom ... Right there. Subscribed. Ration...... finally

[@GengoSenmon]

25 students in a basement is wild

[@Purpial]

I learned from reading the comments that Canadians call paychecks paycheques

[@ryanrodriguez5293]

To Atrioc's point of either needing family assistance or debt, I have a personal example of how it is at least in NYC. My wife and I are currently around the top 5% of earners in the US and from what we've seen, there really isn't anyone helping people move into expensive places. Its seems like the only people who are really able to thrive nowadays are the doctors, lawyers, and other jobs that have high entry pay. Even for people in banking, there is a huge gap because you are either making okay money or you are executive level and its tough to find an in between. But if you get paid a decent amount right out of school, then you tackle your debts earlier before they snowball, you save up much earlier in life, you don't have kids to pay for which speed things up, and you're able to live in a small place because its typically DINKs that are living like this. So it really only seems like being financially secure enough to pay that high rent is only reserved to those that young professionals.

[@dakota5569]

There is a lack of builders because there is a lack of profit. A significant struggle with the housing market and housing affordability are zoning permits that are being held back by municipal leaders and bureaucracy that don't want their property to devalue. If houses are worth that much then builders would stand to make a lot of money making the market efficient. However, you find that even at these high prices, builders stand to make very little. My understanding is that this has to do a lot with having capital tied up in land for years waiting for a permit. Having capital tied up like this means that they can work on less projects at a time, pay more in interest, pay more on tax, and at the end have no guarantee their permit will get approved. Voters should seek action from their municipal leaders to streamline and speed up the process, and seek to vote on rezoning. They can also seek action from provincial leaders to strong arm municipalities. The federal government has limited abilities besides financial aid.

[@JVLawnDarts]

Crazy he’s leaking the failed co hat for twitch this early

[@jiri3442]

Rent here in the Netherlands has been crazy too. For not even being in the city, you usually pay ~1k / 1.5k euros for something small.

[@greenoftreeblackofblue6625]

Yeah he's fucked, he did the Joe Biden before Biden. Except he's not dropping out at all.

[@willclark5704]

The Glizzy bubble is about to pop in Canada

[@shoveitshovel9338]

as an aussie NEVER DISS THE GOAT KEVIN RUDD!! he got booted out the govt because he threatened the mining companies, and a lot of the ways australia has propped up the housing bubble are through policies developed in the howard era (96-07) that are incredibly hard to get rid of and really served to fuck up australias future.

[@aidanperreault8605]

The most unsettling part is the contrast b/w how outrageous the price hikes are and the tone deaf nature of the typically public commentary. One area of B.C. experienced a 30% pricing boost in just a couple years over the course of COVID (probably partly from mobility and emmigration from Vancouver), and the local news covered it like it was a snooze-fest. The typical federal line is that undersupply is the key issue, but they've never produced any serious evidence that undersupply is the main driver. Are nest-egg values and rental prices locked in an unsolvable standoff? Or should we be thinking outside the box on this one?

[@raydmari9837]

Thats very normal here in cyprus, im in the top 20% of earners and renting one of the cheapest apartments, yet it takes up 60% of my salary

[@justinle8787]

It is very very bad right now in Canada. I hold a bachelor degree and a year of working exp back home but when I came here, I had to take 2 years post grad and worked low-wage jobs to gain "Canada exp". Kid you not, even applying for a supervisor role in a cafe right now is hard asf for higher-educated immigrants. I saw guys and girls who held stem degrees, psy degrees... have to work at starbucks or run uber to make ends meet which is insane lol

[@cjnogodula]

The problem has always been treating housing as an investment opportunity, it’s insane to think that your retirement is solely based upon the fact that your house’s value will just continue to go up Housing is a right and I hate that we treat it otherwise

[@JDubs99]

The funny thing about all the countries you spoke about: the UK, Australia, Canada, the states, every country had record immigration in the past year. House availability goes down and market value goes up. It's crazy shit. It makes you wonder if inflating the GDP by using these immigrants to lower job availability, and boosting production was only used as a way to influence people into thinking that a recession wasn't happening at all...? As a Vancouverite student I see the horrible impact mass immigration has had on us people from BC. That's without saying the mass taxation with the Carbon Tax. Shit is getting scary. It is Trudeau and Sean Fraser that we need to blame. Immigration is amazing, but we need to stop for a minute and regroup or else this housing shortage will never be fixed.

[@ZeromuS_]

Man, i'd definitely love to just sit down with Atrioc and go over some of the more intricate details about the Canadian policy landscape. Hes a smidge under-read in some things. Like, we didnt really have a housing bubble during 08. We did in the late 80s early 90s, but most recently - precovid, it was limited to two cities. During and after COVID it got worse for a number of reasons. But some of the worst reasons are related to seperation of powers, and provincial decisions, and how gaps in governance between these levels, lead to wild amounts of exploitation of immigration rules and the blame is falling on immigrants now too. I think the video also ignores other things that really need to be expanded on. It's a rather complex issue, at the end of the day.

[@assiuq]

3100$ for a small apartment? And here I am complaining that 2 bedroom apartments have gotten to around 1000€

[@trevormerritt1834]

Canada is broken, I’m 34 making over 100k a year and I can only dream of buying a 550square ft apartment in Vancouver for 700k. Interest rates are coming down but I know inflation is going to reignite and rates will follow.

[@Time.Info.24]

I feel so bad about everyone in Canada as a Canadian myself in Alberta it’s so so sad as a 18 year old I won’t be able to buy a house till I’m 30 as a electrician and they get paid really well everyone is going through the same crises and we need a change it’s just if Pierre actually does what he says we might have a good future ahead but Trudeau said a lot of good stuff as well and he never did any of it I don’t explain it well as others do but it’s just terrible up here and we let in to many immigrants and as a Canadian we need immigrants but not 1.5 mil a year when the young and older people here can’t even afford a house

[@RumtumtuggerTB]

Australia got through the GFC through targeted stimulus packages that got into the hands of lower and middle class families to keep money flowing. It worked spectacularly. Our housing bubble issue comes almost entirely from negative gearing

[@dannyh.9755]

I rented an apartment for 4 years up till 2021. In those 4 years the rent only went up by $45. (Partly because of the pandemic) But that same 1 bedroom apartment in 2024 in 2000 a month...

[@tanuki88]

October 2025 baby. Change is coming 🎉

[@Xavier-016]

I live in Canada. The housing crisis is mainly caused by mass immigration. Many of the immigrants (now) who are Indian live together so they can all pitch in and live in this housing environment. I know this because many people I know from India have told me this and I've seen it start to happen in my suburban area. They'll all leave their house and take the bus to their job. It's not their fault, its the government. But it is annoying that they get an edge up on everyone because they are used to living together in large groups. There are houses in suburbs and urban areas where immigrants will literally buy bed mats and stuff them in rooms, go to food banks to avoid the cost of living, and on top of that many because they share the rent (if they have a decent job) will all buy cars. And because their driveway cannot fit all the cars of the people who live n the house, they'll rent other neighbors driveways. An Indian family across my street rents half of their neighbors driveway because they have so many cars. Then on-top of immigration... The Carbon Tax. The Carbon Tax is really driving up all the cost of goods and services (gas prices too). Those two issues is why hard-left liberals (some in my family), hate Trudeau and their party. They plan on either voting conservative or NDP which is like an even more left version of the active liberal party. But people just want an alternative to Trudeau, and I don't blame em.

[@betterthanbrooklyn5806]

Me when I'm Windmill Isle (Day) - Sonic Unleashed

[@xDandruff]

I really hope Big A makes an in-depth economical video about this issue. I get that Americans and Canadians like to poke fun at each other, but this is really fucking real guys, we're really struggling and its starting to get less and less funny. It seems that every time he speaks about the Canadian situation, so many chatters talk mad shit as if its a joke. So if you do make one Atrioc, please try and still be sensitive that these are real people living very real impacts to their health care, housing, groceries, you name it.

[@doctorbatman8520]

It's 80% as bad down here. We get it. We're laughing through our own pain.

[@davidcentoz2847]

He doesn't do it out of ingenuity. Some people just laugh it up, because when things gets too real, sometimes you just have to laugh it up to not think too much about the harsh reality.

[@RexDeorumYT]

The fuck you want us to do about it

[@Tayzter]

@@doctorbatman8520 Not even close. Canada has worse wages, higher cost on housing, more taxes and its cold. Any Canadian would trade citizenship in a heartbeat right now. There is a reason all rich Canadians and braindrain leave for USA.

[@Mythikal13]

Small town in Canada, $2k a month for a one bedroom apartment. People rent out bedrooms in their house for $1k a month. I just turned 24 and it's starting to hit that idk how imma get out of living with my parents

[@TheBrothanator]

This is definitely a Canada-wide issue, however some places (Toronto and Vancouver) have it much much worse than other cities. I live in edmonton and right now my girlfriend and I are paying $1175/month for a 1 bedroom in the best part of town (whyte ave, centrally located, great amenities, close to the uni, etc). Now I know that not everyone is in this same boat in Edmonton but I know many who are. I believe that there is most definitely a housing crisis, even in Edmonton, but it is definitely not as bad as the rest of Canada. Also I know that Winnipeg and Calgary (to an extent) are in a similar situation to Edmonton as well. I just wanted to bring this up because when the video brought up the first stat on costs vs income Edmonton and Winnipeg were by far the lowest on that chart. This is a Canada wide problem but not to the extent everyone thinks it is all across Canada. Toronto and Vancouver are (for good reason) seen as the most important cities and thus conducive of the rest of the country in a way. I feel for the people who live in these cities, but y'all should move out here, its just a lil colder but I think you could manage. :)

[@SeventhHouseGames]

It's a good sentiment but for some of us the jobs need to move first. To take a personal example: there's no industry for software, let alone game development, anywhere affordable to live, and companies have decided that it's more important to drag us back to the office over vague intangibles than to allow us to work remotely. I know people who only moved as far as outlying towns in Southern Ontario during the pandemic just to make housing slightly more attainable, who are now stuck with 2-hour commutes to keep their jobs thanks to RTO mandates.

[@sparky1570784]

8:41 You forget that people who live in Canada don't make us currency. We all put in the work to make a dollar and as you said wages are on average lower. So to make 4k in Canada is the same as making 4k in the US. It would be the equivalent as paying 4k USD, but when you do the conversion you would notice the Canadian dollar is not as valuable as the US dollar and has less buying power. So realistically that apartment says 4300/mo but feels like 5000/mo

[@ceasze5072]

Some of the biggest problems for Canadians is that billions get spent on foreign groups, countries, or even on shady domestic groups, while increasing our taxes, and adding more types of taxes (Carbon tax, RAIN TAX) Immigration isn’t even the worst part, just the most blatant. Our own people are being ignored in favour of money laundering (ArriveCan), foreign affair spending, lower resource quality (chemicals in food, water, and air) as well as predatory services like MAID, DMV, LMIA, and fishy business practices being a norm or even endorsed, makes this a land of snakes. Especially when you consider loosely criminals are treated. Recently a man was found guilty of reoffending human trafficking, had his passport taken away and issued a new one. But I can get jail time for having a knife within arms reach

[@crosshair4483]

At this point the legitimate solution to the housing and cost of living crisis is to pop the bubble. We need to start prioritizing the young over the old, because the old have done nothing but win for the last 30-odd years or so. Right now most young people are forced between not working shitty underpaid jobs and being poor or working and still being poor. Keep that up and eventually they'll check tf out. We're literally seeing this right now. If you want societal collapse that's how you get it.

[@bulmer69JR]

Im so glad everyone voted for nice hair

[@slim88852]

My wife and I are among the top earners in Canada. We're both highly educated, career-driven professionals. My wife holds a director-level management position at a large company, and I’m in senior management in my industry. I’ve achieved career milestones I never imagined possible. I’m not sharing this to boast but to illustrate the severity of the situation. We pay $6,800 a month in rent for a very basic home in a less-than-ideal neighborhood. The house we rent is valued at $3.8 million. Despite having saved enough money to have bought this home outright a decade ago, entering the property market now feels impossible. The thought of purchasing a home here is completely out of reach. I know a medical doctor who is forced to live with three roommates because of the cost of living. An engineer friend of mine lives in his car. Recently, I spoke with a service worker who sleeps in the parking lot outside their workplace. Young people who are not able to live with their parents are more often than not becoming homeless. The situation is absurd. It feels like simply getting by in Canada has become a distant dream.

[@oshkoshbegone]

You are so freaking out of touch! Saying its impossible to enter the market when your price point is 4m, is insane. It's lunacy. It is 100% your choice to rent a place for 6,800/mo and shop for 4m houses. With your budget you can buy a detached house in Vancouver or Toronto no problem...

[@Jeez001]

In US you will live like multi millionaire 😂

[@simondaneault9962]

The house market is bad but this story has to be fake. Feels more like you are writing this to put oil in the fire .

[@Downbythebay22]

@@oshkoshbegone Yeah, I thought the same looking at this. Absolutely insane to suggest 3.8M is a very basic home in a less-than-ideal neighborhood. Maybe if you're an oil tycoon?

[@jiaverse]

@@Downbythebay22yeah that’s actually insane, i think most ok homes in ok neighbourhoods will hit like 1-2m and that’s it, but if you want something more fancy or in a more busy/even better area then you get numbers that high

[@jiveturkey9078]

This guys is the definition of BASED

[@merrickbuxbaum4504]

Dismissing inflation as a global problem absolves leaders of any responsibility for their decisions, it’s intellectually dishonest even if true on the surface. politicians should be held accountable for their policies and their impact on citizens

[@wordarok7261]

I wasnt aware of the situation in the rest of Canada! I live in Quebec and i can afforde to rent my own appartement while earning around 40k a year ( slightly less ) in a decent place in Quebec city. I have friends in montreal that can afford to rent while also being students as well! You guys should justt come live in Quebec, its not as bad here

[@thomasfisher1829]

aaaand it's gone it's all gone

[@NotaUnfamiliar]

As someone living in Canada I can’t remember the last day that someone DIDNT complain about Trudeau. Him not stepping down from the party is absolutely insane, it’s not even about any political view but the fact that it will absolutely doom the liberal party for years.

[@orangepinecone]

3:35 bars

[@fordakacar]

Canada has THIRTY DAYS LEFT

[@2DEKAY]

Fr this isn't bait

[@negative6442]

#AnnexCanada2025

[@softdrink-0]

@@negative6442 I second this statement 😂😅

[@nirajsahu8031]

​@@negative6442 wooooh let's gooooooo

[@potatoplayer420]

To live? 😮

[@siuchaos2606]

Your best shot as a Canadian for a decent life outside of your parents house is to stay with your parents and save aggressively for 5 years and use that to cover your school expenses in the US in a rural area and a good field that pays well. You aren’t gonna find that job in Canada however, and even if you do good luck working until 50 years old to even qualify for a mortgage on top of the fact that your CDN salary is monopoly money.

[@ashblossomandjoyoussprung.9917]

I've been job searching for 4 months. I can't even get a job at McDonald's.

[@TicoMaize]

How is this the first time I’ve ever heard Trudeau speak

[@skies988]

god bless america

[@Collaps_ing]

Start treating houses like cars. Don't care if it depreciated and make it normalized and it'll be a better society.

[@hobonise]

The worst part with Australia is we tried to actually fix it by bringing in a mining tax, just there was a big smear campaign from the mining industry to pull it. I worked in Mining recruitment at the time and it was a big joke for years after.

[@arcanecrisis]

I'm just a farmer and I'm doing just fine. Im 33 and im on my third house The fact that everybody wants to live in downtown Toronto is hilarious 😂😂😂😂😂😂😂😂😂😂😂

[@GregoryGreg-f8p]

in ontario if you buy land you cannot build a tiny home on it UNLESS you build a full size home first.

[@l.p.7585]

for what it's worth in aus - the problem is fundamentally the same - severe overinvestment in non-productive housing assets, undermining the productive sectors. Australian investors have shifted so much into rent-seeking, while car manufacturing, agriculture, R&D, pharma, has alllllllllllll wound down. Our successive liberal governments have run the whole country for real estate agents and mortgage agents. Kevin Rudd was ousted from government after massive media smear campaigns because his policy would address homeless (with a 10 years national strategy) and all (yes all0 the policy implemented in his short term was wound back by the next prime-minister (costing the government MORE to undo and break contracts than to follow through the strategies) before succcessive liberal governments have run massive defecits with *literally* nothing to show for it - no productive economy, no reserves, massive youth brain drain, highest debt, lowest household savings etc. we get 1 labour prime minister again after 3 successive cronies - and it's ANOTHER media smear campaign lol. the only things that will resolve these modern issues is deconstruction of the media-class, which is goign to happen when the boomers, who vote with the front page of the paper and no policy or longevity concern, die and stop voting. it's that simple. everyone under 35 is simply waiting for our vote to matter.

[@GAGONMYCOREY]

Australia manufactured cars?

[@kv4648]

3:35 BARS🔥🔥🔥🔥

[@blinkx1070]

If you actually look at the data for housing affordability in Canada, you'd see that our housing crisis started around 2003-2005 and has been building since then. Lots of people would praise PM Harper for saving Canada's economy, but all he did was not let the housing market crash and allowed a bubble to form.

[@3rror_yt]

7:45 yeah Trudeau has rizz, with his high school students 😂

[@henrydeshon8286]

What should I do about it? (I live in Canada)

[@sword_of_damocle5]

(don't)

[@GAGONMYCOREY]

if you're young there's nothing you can do other than earn more and pay more.

[@jeremysiegelman9131]

i always knew something was up w ludwig and his game shows

[@47zachs]

At least trudy got us legal weed

[@bubliestheeart]

I'm 17 and living in the greater Toronto Area, and wow, I'm fucked.

[@Samueldesjarlais]

I'm lucky to be born native here at the time I was born, now I have a family home to rely on, cause holy, rent is insane and I live next to one of the cheapest cities in canada

[@chrisgardner7016]

$4,300 a month for a 750 sq feet apartment is crazy 🤯

[@aanadd]

FINALLY MY FIX

[@logman3455]

people blame Trudeau for stuff that the premier should be doing, I'm not saying he's the best leader, but at least place blame properly.

[@indy360burton]

You talk about how our housing bubble didn’t burst in 08 because of printing money but that’s not true. Our mortgages weren’t like the states you can’t grt 30 yr mortgages in Canada. Our housing prices skyrocketed because we increased our population faster than any other country in the G7 and with all the grifters like real estate agents, allowing corporations to purchase houses and most housing being built in high density areas were not purposefully built to suit the needs of Canadians but were built as investments for the rich. There is also an immense amount of foreign money in big Canadian cities. There are entire condo building in Vancouver that sit empty because Chinese investors bought it and don’t rent it out but just keep it as an investment. Basically all our politicians are landlord aswell so they won’t allow housing to correct. Let’s not forget that the liberals have pocketed hundreds of millions of taxpayer money in one of the many scandals they have been caught in and not punished for. We also spend 32 billion a year on 1.8 million First Nation people that year after year demand more money. Oh and let’s not forget about all the fake refugee claims that are piling up. Currently about a 3.5 year wait to process new claims so while these economic migrants are in Canada they bring their families over and it’s all on the taxpayers dime to pay for their housing and healthcare and food. Hotels are full of them making a hotel cost 3x what it should. It’s really frustrating being in Canada right now as no politician in Canada wants to adress any of the issues but instead just want to line their pockets like all the other grifters

[@hobonise]

aint bootstraps big enough to pull this shit up

[@MrMillefail]

So, a woman i know emigrated to Canada (from France) two years ago to live with her boyfriend and get a better salary. She was so miserable, she is coming back in January, so maybe the issue will resolve itself.

[@KozLiT]

Canada is a hat.

[@bblvrable]

The problem with housing in Canada is that it's all municipal, but the only people who ever vote in municipal elections are people who own property in the city, and all they ever vote for is "don't build more housing", because if they did, and housing prices dropped, their nest egg loses value. You can sit through any city hall meeting and any time there's proposals for new housing developments, there's always massive pushback, all sorts of silly additional requirements (eg - must build and maintain a nearby park with equal footprint, must have parking spots for 1.5x as many units as the building will have), and all that ever gets approved are gentrification projects which just make housing *more* expensive, not less. Of course, everyone blames foreign students and temporary foreign workers because you know how people making minimum wage are always buying up all the real estate in the country, and that's why housing prices have been skyrocketing for over 40 years despite low-skilled immigration only becoming a problem in 2023. Complex problems demand simple solutions, I guess.

[@briano9397]

The problem is easy and you have no idea what you're talking about. Housing WAS municipal and only recently got put into the federal government purview in funding incentives thus essentially taking control. And the reason housing is a problem and the general societal infrastructure is in shambles is that we went from 33 million population to 41 million in population without building any accommodating infrastructure. From schools, to hospitals to roads, daycares, every form of society was crushed by the abrupt decision in 2019 to boost our population to 41 million and counting with no infrastructure plan in 10 years

[@cccfudge]

it's not that they're buying up the real estate, it's that they have to live somewhere. if they're not buying that means they're renting. I know I'm somewhat in the minority that doesn't really care if I ever own my own home, I don't really mind renting for the most part since my province has good tenant's rights, but immigrants ARE driving up rent prices. And if rent prices are being driven up, that incentivizes people to become landlords and then buy up more property so they can rent more out. The rental market and housing markets are heavily interlinked. Even if you're gonna tell me that most of the immigrants are living in the awful conditions with the 325$/bed or whatever like in the video, that still means the landlords are renting out a single fucking garage for like 2000+, which again drives up the rent prices all around. More people with the same amount of living space will always mean the cost of living space goes up, whether that's buying or renting.

[@jiaverse]

yeah exactly

[@fobo8027]

I make a low 6 figures income in Quebec and can in no way shape or form afford a house on my own. Or I could by living from paycheque to paycheque which is ridiculous.

[@fartinball]

Big A your video is often times too low to hear when I'm on my phone

[@PorygonPowahZ]

Living expenses have felt reasonable in Alberta, but its still not ideal. Just discover oil in your province obviously.

[@user-vb8zo6kh4j]

Most of the eastern provinces have natural resources that they can use, but they don’t develop them. These provinces receive equalization payments, from western Canada, mainly Alberta. Because these payments are based off of a provinces wealth, if they were to develop their own resources they wouldn’t see most of this money, because they would receive less equalization payments, as a result of development. They are actually disincentivized from growing their economy.

[@daudimasinde6280]

Of course your living expenses are lower in AB. You don’t pay the Provincial Sales Tax.

[@TheNitram8]

The new Elderado. Nobody under 50 can buy shit

[@thelastviolinist12]

The solution is to just leave Canada

[@rudysmith1552]

Take a DNA test first go to whatever it says you should go to

[@zombieoverlord5173]

​@@rudysmith1552Wtf is wrong with you

[@rudysmith1552]

@@zombieoverlord5173 I’d gladly immigrate to Germany. The wasp settler colonies are degenerate hell holes. I wasn’t even thinking about brown people lol. Just European repatriation.

[@Clinterus]

@Atrioc can you recommend some reading for me? As a Canadian in my mid 30's I realize how little I understand about our economic situation and how we got here and I want to learn more.

[@Namirnumba9ine]

Kevin Rudd was an amazing prime minister. He was the first to apologies to the indigenous people, propped up the economy during the crisis & was an overall genius economic leader. At least compared to our other brain rotted candidates

[@Dodo-rb4zf]

Ludwig didn't like that comment

[@isaiahrichards9319]

8:12 ima just be homeless at that point

[@randomname9723]

You could not believe the impossibility of building affordable housing, especially a lot of it, in these corrupt "high price priority" countries (like NZ, Aus, Canada)

[@michaelroy6630]

I appreciate Atrioc being fair to the boomers. It's easy to wish for their downfall until it means your grandparents who've worked incredibly hard their whole lives can't afford to live securely in their old age