Young Canadians leaving big cities for cheaper regions

John Pasalis, president and broker at Realosophy Realty, joins BNN Bloomberg and talks about his take for the Canadian housing market.
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[@aleksandrzaviriukha5809]

"Cheap regions" are still way more expensive than cheap regions in the us with a way lower median salary. You can't really escape it within the country.

[@captainpobtamere3024]

exactly... no service and the price is MORE HIGH in small region

[@Doggo954]

And there’s no real jobs or industry in the cheap regions.

[@calvinwong365]

the taxes in canada are messed up. what is the point in paying so much taxes and our government keeps giving that money away to other countries. cant even take care of our hospitals but want to help outsiders

[@shauncameron8390]

To pay the salaries of bureaucrats, administrators and other government workers.

[@peej91]

Young Canadians can’t even afford it in the first place. Why move out of the city further away from work and amenities. Young Canadians would rather leave the country.

[@Doug-zl8nb]

Walk around in canada you think you're in a third world country and it is a third world country and you look at all the new canadians coming in destroying canada government should be locked up

[@F40-c4i]

They can blame their parents who voted in this mess.

[@Robanhood99]

your right if i could afford it i probably would

[@peej91]

@@josephsmith594the people growing up in those small towns can’t even afford to buy a house in thier own neighborhood… median incomes in every zone are different. The demographics of the cities and rural areas haven’t kept up with population growth

[@JSRTales]

@@josephsmith594no healthcare and other facilities while the home prices are not that different from major cities in rural areas as well seems like madness

[@JosiahPreston]

Young canadian here, my parents house went from about 300k in 08' to about 1m now. The increasing costs, taxes, immigration will keep prices high so many of us are going south. It's not even that worth it with what you get in toronto. Leaving at the end of summer!

[@Gerard1to]

The worst part is that saying the house has "gone up" in value may actually not even be true. What you could buy in 2008 with 400k is about what you can buy now for a million which actually means that your money has just lost value. You get $1 million but that can barely even buy you what 400k could 20 years ago. It's sad really.

[@jharvey9366]

Housing in Toronto is so expensive that John has cut back on hair cuts….

[@marcb3097]

😂

[@friendlygiant2502]

😂😂

[@stephenfermoyle4578]

LOL the man always looks like he just rolled out of bed....with stories others have talked about months earlier

[@MR007-r3f]

House prices are f.. king crazy here. I believe it has lost touch with reality. I'm leaning more towards not buying real estate in Canada.

[@stoneneils]

I'm 54 and none of my buddies ever cared to buy, I don't know what the obsesssion is today. Oh wait..high rents, sorry.

[@klnrklnr4433]

@@stoneneils housing has become a get rich quick scheme for some. fomo abounds

[@joelzinho4600]

Problem is hard to find place to rent as well, immigration has messed that up. The only release valve seems to be a crash.

[@Nasrumashik]

Same here

[@alexnehme3493]

Why buy its cheaper in tampa Florida. 🤔 come down and chill and have a good life

[@DoyleTheExplorer]

Im learning spanish and leaving the country once i graduate university with my STEM degree. There is no incentive for me to stay in Canada

[@joemccarthy7120]

Good for young Canadians. Our federal and municipal governments have made life increasingly miserable with their twin policies of high mass immigration and high urban density policies. The "progressive" world is an increasingly miserable world.

[@cbenediccengi]

Kalergi Plan. It's globally intentional.

[@supermash1]

Conervatives would not change either policy fyi.

[@joemccarthy7120]

@@supermash1 Maybe, but at least they may offer hope until it is dashed. Our elites hate us.

[@harrybaals2549]

@@joemccarthy7120 lmao "hope" for what? Pierre is a globalist elite bootlicker who openly supports mass immigration, demographic replacement, and "progressivism". the only party with a platform that pledges to work for the benefit of citizens is the PPC, which you won't vote for because "muh turdeau"

[@dbm88]

High urban density isnt the problem, it's the lack of infra investment that is. Higher density would actually help solve the housing crisis at least if done correctly.

[@clarkkent1215]

Let’s also talk about how regions outside of Toronto are now raising property taxes as this migration happened . All across Durham region house taxes are up 200-400$!

[@jamesbilodeau8188]

I currently live on a lot in a small dilapidated old place. It is a block away from a big lake in BC. Over three years the assessed value of the lot went from some $600k to $2.1mil. The lot is about 75 x 100. A 6 story brand new high rise is smack-dab beside it. So close, that the sidewalk to the back of the house got busted when they sunk the hole. Across the street is another big high rise being built. Seven days a week 12 hrs a day.

[@clarkkent1215]

@@jamesbilodeau8188 that’s so sad I’m so sorry

[@Jindsing]

If you have an accredited degree, even post secondary diploma with some experience, get your TN visa and gtfo of canada. There is no cap on TN visas and the US has way more opportunity. I did this in 2018 and havent looked back. I recently got my h1b after 6 years of TN. Only 1.5 years away from a green card!

[@Droxal]

Can you give me more advice on the TN Visa process and what you did to get out?

[@ericyuan9718]

wtf, post secondary diploma w exp? Pretty sure TN is for university degrees only.

[@Jindsing]

@@ericyuan9718 no, it's not

[@ericyuan9718]

@@Jindsing Lemme guess, you're a software dev?

[@wickedpawn5437]

Spouse and dependents of TN cannot work in the US.

[@shawnadyment]

My partner and I are saving up to leave Canada. It costs too much to do anything.

[@FireGodSlayer]

Same. Just leave tbh, it's totally not worth it living here. Better go to the USA

[@javiervega1065]

Partner?

[@DolfSmitler]

Young Canadians are leaving Canada in droves

[@Sk3p_T1kal]

Where are they going?

[@klnrklnr4433]

data says otherwise

[@Doug-zl8nb]

Because the corruption in the government bringing all their cousins in and destroying Canada.Government only watch criminals coming in.They don't want good canadians

[@wiiiz3]

@Tomyum19 Out of the many people ive met, only 1 has been able to move to the U.S but thats because he has a dual citizenship. its very difficult to get a green card even for us Canadians.

[@ericyuan9718]

If you're moving to the US on a TN visa, buy yourself a used SUV/minivan so when u get laid off and your 60 days are up, you can sleep in the car instead of paying rent in Canada

[@quixomega]

Most wealth being concentrated in the hands of nonproductive people means inflation and increasing labour costs. That means higher interest rates and a reversal of the previous trend.

[@Jindsing]

Pretty sure inflation is caused by increased printing of money, not by who holds it.

[@lavonnealexander6936]

I live in Winnipeg and houses prices here aren’t bad, it’s just the job market.

[@marblegarden8456]

Wish they would come to Saskatchewan. People complain there is nothing to do here, but that would change if more people moved here for our affordability.

[@ericyuan9718]

careful what u wish for. Punjabi pajeet criminals are on their way.

[@tanjamilakovic5262]

I moved from ON to SK a year ago for that reason. I hate SK.....feels like a different country. I am going back in 3 years because I can't breach my contract. Otherwise, I would have left already and gone back to ON. I dream about the day I get to go back.

[@marblegarden8456]

@@tanjamilakovic5262 Ya, it fucking sucks here pretty bad. We travel as much as we can to cope. Saskatchewan is the kind of place where you know the public bathrooms will be disgusting, and that people will open the door of their parked car and hit your car without even noticing. Our government is a joke, and the rural idiots that keep electing them are drunk on internet misinformation. I just wish we could get the population high enough to develop into something better.

[@peterslupek6561]

Already moved out of the suburbs and into rural Ontario. Will be moving further and further out when I have the opportunity as we are being over run by criminal urka durkas

[@DRPL766]

The taxes, cost of living, and freezing temperatures relative to the income levels here make it very hard to justify living here. I think a lot of Gen Z and Millennials are starting to think this way.

[@PrincessP23]

Change the title to the real truth, “Young Canadians are leaving Canada.” As a young Canadian myself, I’m seeking out other options and leaving. This is unsustainable here in every capacity

[@javiervega1065]

They aren't going anywhere

[@geraldbrowne]

Realize this. The same thing is happening around the world. Young people leaving all major cities around the world. China, Germany, London, most cities in China, this should collapse the markets in central cities

[@alexg9727]

nah. There is unlimited train of African and Indians who will work for half price of the American/japanese/korean/chinese counrterpart. China is already moving production to Africa

[@alexg9727]

Africa will Chinas new plantation

[@alexg9727]

And India/Pakistan/Africa will be America and Canadas and Europes slave labor force

[@alexg9727]

You are easily replaceable and nobody is going to stop them from doing it

[@adamm1151]

Hardly at the rate happening here in Canada. Don't excuse the issue at hand

[@annang8319]

But even in the suburb small town the price are the same!!!!! Young people, we are doom!

[@ianchernencoff7968]

No, try Mackenzie. Nice houses, beautiful land, $200k

[@geraldbrowne]

Jesus… it has to crash and burn 🔥. No one is going to deflate their asset prices voluntarily.. greed doesn’t allow it.

[@sharinglungs3226]

Worse yet the Trudeau Liberal Federal government keeps trying to prevent it happening by putting in measures to bail it out. They can’t seem to fathom the way to affordable housing is to have the market go down. People have so much equity they can lose some for the betterment of the country.

[@MikeyPaper]

Not gonna happen buddy 😑

[@geraldbrowne]

@@MikeyPaper LOL. Hang on. Macro theory 101. When everyone is on one side of the bet, try to position to the other side for the best upside. Confident in the analysis I receive from my Macro team. A lot of fear out there right at the moment. Great time to position for advantage when the music stops.

[@theonh9365]

It did last year according to KZbin.

[@cyonix5941]

@@geraldbrownequit yappin bro 😂

[@Barr894]

What are they talking about. There is no work in the cheaper regions, and quality of life is poor - that’s why they are cheaper regions. Canada is in the pits. Problems are everywhere, and not just for young people. Inflation has crippled the Canadian consumer, young and old alike.

[@SheShedVintage]

Where? I live in nowhere in ontario and the difference between toronto and here is very little.

[@Doug-zl8nb]

Corruption in the government has brought in massive immigration destroyed canada

[@jmjm1992]

Young Canadians are paying the price for messy real estate in the country

[@clarkkent1215]

When my grandfather passed away I was very young . About 3 years old . My grandmother bought a house in Pickering in the early 1990s and this was where I grew up . She purchased a 3 bedroom semi for about 100k maybe more , it’s now worth almost 1.2million . Making it so there’s no way I could ever purchase that home to raise my family in

[@sushi-love]

It would be justified as 60yr mortgage introduction which basically is, if your kids cannot pay for it, you will give up home at the timing of retirement keeping some cap gain.

[@tpop3723]

This is what happens when you’re asleep at the wheel for decades without any oversight on who’s buying what without any oversight where the capital is coming from with investors now accounting for 1/5 of purchases and not to mention the state of short term rentals.

[@sushi-love]

Simply not enough home build against # of immigrants came.

[@wickedpawn5437]

I was making $178k in Toronto. Living just above poverty line with wife at home taking care of the baby. Moved out of Canada last year.

[@joelzinho4600]

Good for you. That income level is something to be proud of, its the top 30% of all income earners in Canada, double the medium household Canadian income of 75k. Significant damage has been done to the country, what a mess....so sad.

[@ericyuan9718]

Where did u go? US?

[@MikeyPaper]

You have a SERIOUS spending problem if you cant survive on $178k a year. Toronton or not. Thats a SERIOUS problem.

[@wickedpawn5437]

@@MikeyPaper I'm responsible with my money. With $178k a year for a family of three you'll never be able to afford a place in the GTA.

[@ganeshr4371]

where did you go ?

[@brendafandangle]

Why does there need to be a down payment??? We should be able to apply with the bank for the full mortgage with pay stubs and employment history , family income , expenses etc… and get a 20-30 year mortgage paying the full amount . 90% of renters pay more than what that mortgage would cost them monthly. This should be a referendum in the next federal election. Thoughts?

[@JSRTales]

4:49 i am not seeing decline in rents in gta 😮😮😮 i dont know where the expert is getting this from

[@truthspeaks623]

As a single 43yr old woman, with no children, non smoker / non drinker and a modest lifestyle. I can barely afford to hang onto my small hobby farm in BC. Every day I hope and pray to meet a reasonable man who would be happy with a peaceful, rural life

[@Chrisstone5665]

Alberta is calling... For higher rent and house prices by encouraging others to come and bid up prices.... Careful what you advertise.

[@sammavitae114]

But check out Edmonton where they are allowing 4plexes and other higher density housing in older neighborhoods. Edmonton has a higher family wage than most of Canda but lower rents because of their relaxed zoning policies.

[@danca5719]

@@sammavitae114And Edmonton also has higher crime rates.

[@_Island_Boy]

Don't make silly life decisions for a home. It's not with it

[@danca5719]

@@_Island_BoyBuying a house or a home should not be silly. It is one of the most important decisions of our lives. Otherwise, why should we work hard to make a living in the first place? People just need to make wise decisions on what house or home they buy.

[@toonnaobi-okoye2949]

@@danca5719 compared to where?

[@imoutbye]

i’m on a construction project for apartments in woodstock. units will be renting for practically the same price as toronto.

[@tlll8590]

Canada is broken no matter liberal bluffing how good it is or they are doing. Hope their young supporter wake up. Sadly, this kind of news barely see in main stream media in Canada.

[@neilirvine7129]

That's because the provincial governments have more power over housing and... they're mostly conservative. Ontario, Quebec, Nova Scotia, all the places they mention have *conservative* governments. The feds can just spend money, they can't change zoning rules. Conservatives are also not wrong, it's just their base is homeowners, not young or new Canadians, so the policies are set to maintain an effective ban on new housing and try to pack downtowns with condo towers rather than let leave it to owners to let neighbourhoods adapt.

[@dandesjardins6875]

@@neilirvine7129 Quebec???

[@stynger007]

Historically, most starting out years ago did exactly that, bought outside the city,.commuted, carpooled, whatever it took until they built equity , then moved to a better location. Trying to buy into market you can't afford is like shopping for a Porsche on a Kia Rondo budget. The instant gratification of the younger generation 😩 . Start small and work your way up over TIME like those who were before you did for years.

[@harpcourt]

Moncton here we come!!!

[@shinyam75]

I moved to Moncton four years ago, when the average detached house was about 150000. It’s exploded since then, to about 300,000.

[@F40-c4i]

Everyone is leaving urban for rural, who didn’t see that happen…

[@dev4statingx90]

Good.

[@ktefccre]

👏👏 this is good news. Canada is too centralized as it is. This led to power concentration in Ontario. If the government is smart, then they will incentivize Work From Home for employers to help home prices and diversify our economies. Edit: I am a Torontonian but even I see that Toronto holds too much political power at provincial and federal level. (Look at funding. Every time there is a problem, Toronto gets all the money) We NEED to build more big cities if we are to re balance power.

[@ericyuan9718]

If I could find a similar job outside Toronto, I'd pack the fuck up and move immediately. Centralization sucks.

[@orestpochodaj5926]

This isn't your grandpa's Canada anymore...there are better countries to live to get your life off the ground (Europe, South America, etc.)

[@ron.mexico.]

My grandpa was a racist…he would be really mad now.

[@JohnAnderson-sq8lt]

Not Europe, over run with migrants!

[@dev4statingx90]

​@@ron.mexico.your grandpa was most likely correct in his opinions

[@DRyan-rj3mi]

How do you get out of this country? You need a job to go to then you have to make sure your passport is good and the country you go to will accept you forever. At this rate it would take the average person years to sell and get ready to leave forever. Most of us are not 20 with no house ties.

[@klnrklnr4433]

south america lmao. sure buddy.

[@meepablo]

We're looking outside of Canada. Both professionals with good job prospects. You can go across the border and houses are 70-80% less than in Canada. Retirement is far cheaper too. Canada is very very quickly going to lose the exact group they need to help continue building the country. It's not worth it starting here in my opinion and I fear it's only going to get worse.

[@sushi-love]

Substantial reason behind it is, all developing counties are catching up so quickly. Their purchase power went up. not just a job but also any natural resources, labors are underr competition which is driving prices so high for everything. 1990-2005 type of golden era never come back for developed countries.

[@abcdedfg8340]

Not true at all. We just did not invest in keeping housing stock affordable. They manage to keep rent affordable in singapore and many parts of europe.

[@sushi-love]

@@abcdedfg8340 I do not think so unless gov funding support is there. As the value of currency goes down against resources, how can Singapore or some European countries purchase materials/labor cheaper than any other nationals?

[@hchalz]

First of all, the Canadian government must levy a moving tax to capitalize on it. Secondly, all small towns and regions must hike permit fees and development fees straight away to reap profit. When young Canadians all leave the country, it will be too late

[@Mythos131]

It's true, in the just released Statscan data it show Halifax is getting younger which hasn't happened in a very long time

[@lewmano7367]

Hes spot on with actual FAMILY homes... all these new builds of 2-3 bedroom townhouses and the micro houses with 3 bedrooms... what about 4 bedroom homes? why are we not building these for those that have more than 1 child?? we'll continue to rely on immigration if we dont let our own citizens afford to grow family beyond 1 child in an affordable way.

[@BudzzableRides]

Taxation is destroying any hope for a decent future practically everyone.

[@yr1520]

Canada is becoming new India. Drug addicts and car thieves roam free. Taxes. Inflation. Crumbling health care. It's depressing. Leaving is the last beacon of hope.

[@tamce428]

india has more advanced hospitals than you guys have in canada. look at india’s healthcare they don’t wait for hours. most of engineers and doctors living in US are from india. indians are making canada’s economy rich too. just for diploma where you guys pay just 3k dollars , indian students pay approximately 20k dollars in colleges. stop being jealous.

[@stephaneperron9852]

Man, that coalition government.... turning me into my father.

[@KamaraWehnes]

*Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Christy Fiore ❤️*

[@PeterLewis-lt4iy]

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

[@DorothaIsabelle]

She's a licensed broker here in the states🇺🇸 and finance advisor.

[@DorothaIsabelle]

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

[@IsabelleCarter-pw1nm]

I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of KZbin videos about it but I still find it hard to understand

[@DorothaIsabelle]

I will leave her info below this comment ✨

[@JayCee90261]

Drive until you qualify

[@michael2275]

Nah, just leave Canada. This place is a dump under Trudeau.

[@neilirvine7129]

@@michael2275 Provincial governments have more power over housing, and the provinces they mentioned (Ontario, Quebec, Nova Scotia) all have *conservative* governments. The only province taking action over zoning is BC under the NDP.

[@neilirvine7129]

@@michael2275 Oh and Alberta is also a conservative government, no action on zoning. They are actually working *against* zoning reforms that Albertan cities are making and blocking federal funds for affordable housing.

[@michael2275]

@@neilirvine7129 You're totally missing the point. Canada is in the dumps because nobody wants to invest their money here, the US is just better at attracting investment by a wide margin. There is an anti-business/ success culture in Canada. Too European, but Europe is even worse.

[@rulz2663]

Go rural. Yes, it’s a “boring” life to some, but you can raise a family off one income, if you go far enough out.

[@Junghoon9039]

Jobs?

[@JohnAnderson-sq8lt]

@@Junghoon9039 If there are no jobs, why are people moving there or to the Maritimes?

[@Junghoon9039]

@@JohnAnderson-sq8lt because the Canadian drama fools these innocent people into an immigration trap

[@BrianAlkerton]

This is what's supposed to happen? If the price in a given city is too much, people move. Never been easier in the wake of WFH.

[@shauncameron8390]

But not everyone has the privilege to WFH.

[@abstract_jeff]

If I could find a way to move to the states I would. Been saying that for a while now.

[@mindlessdude2216]

But then the Us healthcare system would eat up your entire life savings in one hospital visit.

[@ericyuan9718]

@@mindlessdude2216 People like you are the reason why Trudeau won 3 elections. People who can find a job in the US are usually there on a TN visa and are more likely than not, working at a job where the employer is covering health insurance costs. What's your next excuse? You'll get killed in a random shooting in wacist America?

[@Junghoon9039]

​@@jennifermarlow.It's funny how people say ull be broke by us healthcare

[@JohnAnderson-sq8lt]

@@Junghoon9039 Biggest number of US bankrupzies due to health care bills, about 30%

[@Junghoon9039]

@@JohnAnderson-sq8lt 30 percent of what?

[@carocarochan]

What cheaper regions?

[@shauncameron8390]

Saskatchewan, Manitoba, Quebec.

[@Doug-zl8nb]

Thank you, government for destroying Canada.Canadians have to move out.Government brought their cousins in to destroy canada

[@ahrick08]

Why did the Gov only help the rich keep their house in high price level, but stole the chance to purchase a house for regular families? Corruption! We work hard and paid income taxes on time but never reach to buy a house in Vancouver BC! Wt.....F!

[@dougpatterson7494]

I would be okay with government supports for construction of new/more housing AND reduction of demand by lowering immigration. Home prices ought to come down. Canada has spent way too much time encouraging them to be high, let’s do some encourage to see more affordability. I purchased a home last autumn and I am aware prices may correct and even crash. I’m not in a crazy overpriced city either.

[@thefozzybear]

Housing costs are going up in Alberta too.

[@420bin7]

People have been fleeing cities since covid. Everyone seen how much easier life was in the small towns and communities. But them city foke brought thier money driving up cost.

[@shauncameron8390]

Just ask Halifax.

[@jimwu8532]

binge building spree! if we can allow a million or so people in, we should be building to house that many + we also need to address the backlog. when the economy slows down, government can incentivize builders to keep on trucking, so that boom, bust, or steady - we get the housing we need regardless of market condition. then we need to make sure there's enough and growing infrastructure, 2.5% pop growth means possibly everything in Canada has to grow by 2.5% at least to not be in shortfall. Those with houses and housing may be against this though, as it likely worsens their networth (house value drops), and may incur a heavier tax burden to support builders in any market.

[@wc4109]

Exactly… people say Canada’s housing unaffordable, they only meant Greater Toronto, Vancouver or Montreal… Canada is vast, and 90% of other regions & cities are still close to affordable… New buyers should consider other regions… Leaving the country just to buy a home seems extreme…

[@zomgoose]

It's not affordable in other markets. If a person has already packed up to move halfway across Canada, then they should consider leaving. Canada does not care about its young people.

[@WasFakestCenturyAesthetics]

Imagine borrowing hundreds of thousands of dollars to gamble on the Canadian government continuing to pursue policies that are insane and unsustainable.

[@alanj9978]

I'm on Vancouver Island and things aren't exactly affordable here either. $500K for a one-bedroom condo, $800K for a new townhouse, more than a million for a new house.

[@ericyuan9718]

Have you seen the Calgary market, even Edmonton is starting to see the effects of the exodus from Toronto and Vancouver. Moving outta Canada for a home is not extreme at all.

[@Doug5614]

I moved out of Ottawa and bought a place in Cornwall Ontario by myself. Even though it's a small town in comparison, I still find it mad expensive to make ends meet. I want to get out of Canada, work remote, and find somewhere a lot more affordable to live. If you're single, it's extremely difficult to make it on your own.

[@InspiredByBrad]

Real estate has become way too much of a pyramid scheme driven by greed and unconsciousness.

[@rb239rtr]

Back in 1992, a young couple moved from Vancouver to Thunder Bay. What they wanted to do was raise a family and own a home, own a sailboat and ski in the winter. In Vancouver in 1992, they could not do that.

[@alanj9978]

You could buy a townhouse in North Van for $175K in 1992.

[@rb239rtr]

@@alanj9978 maybe so, but 10% mortgage rates and houses in TBay at under $75k appealed to the couple, so they hopped in their van and moved to TBay. Plus sailing, skiing and a 10 to 20 minute commute to work, to the ski hill and to the marina.

[@CommoditySC]

@@rb239rtr But by 2010, they both sell the home they bought, the person in north van is retiring to almost anywhere on earth, the person in tbay is in trouble. Plus 18 years of terrible winters, higher crime rates, no decent airport.

[@rb239rtr]

@@CommoditySC yes, but in the case of my friends, they could not afford a home in Vancouver, so they made their choice and they seem pretty happy to me. Plus they are far from each of the inlaws. Bonus.

[@jasonh2928]

Moved from Mississauga to London 4 years ago. Best thing I ever did

[@compoundingloonies]

east coast is the way

[@abram8874]

If people are moving why is it still pricey in GTA

[@JoanMurray-j5y]

They may want to leave but there are no jobs in the booneys

[@tamce428]

i see people commenting about indians in comment section. india has more advanced hospitals than you guys have in canada. look at india’s healthcare they don’t wait for hours. most of engineers and doctors living in US are from india. indians are making canada’s economy rich too. just for diploma where you guys pay just 3k dollars , indian students pay approximately 20k dollars in colleges. students used to choose canada because canada had a image of welcoming country where there was least racism. everyone has right to go and explore places. canadians too want to go to US then why can’t international students come here? They almost spend 50 to 60k dollars in one year for just diploma. They aren’t here for free. they also contribute into canadian economy.

[@JohnAnderson-sq8lt]

Canadians don't want Canada to become India, simple

[@brettlongfield3291]

This is creating a problem few realize but many are adversely affected by; geographical privilege!

[@lfedits1353]

"cheap regions" aren't even cheap either these days lol Canada is expensive no matter where you go

[@DJDinnerPlaTe]

Calgary is still somewhat affordable, but it’s getting hard man.. back in 2017 I was renting a 4 story house with a two car garage for $1600 Now I rent a 1 bedroom apartment for $1700 😂😂😂

[@donm2067]

Pro tip 95% of Canada is unaffordable. I've been looking for this mythical "affordable" region, where do you have to move to? Meadow Lake Saskatchewan

[@kkw6388]

Move earlier, the better. Before all region prices spike

[@FamilyCheung-kc1pw]

Cheaper region? Nothing is cheap In Canada. House is cheaper , will be more expensive in utilities, foods and no jobs . There is nothing perfect

[@Jarod-vg9wq]

Vote out Justin.

[@dougiep2769]

1/4 million people left canada last year.. law enforcement might wanna start leaning on crown attorneys. They will b we without pay checks or pensions very soon like wvery other provincial municiple or fed employee . People dont pay tax for zero justice or representation.. toronto controls ontario elections and is going bankrupt at a rapid pace now

[@Bushy240-x7z]

Many of my relatives are leaving Canada.

[@Doug-zl8nb]

Government only wants immigration living in canada

[@Roguerebel297]

We’re building multi family homes still. But theyre mansion properties for one rich guy and his kids kids kids who don’t have to work ever

[@nikaa4237]

I want to move to Montreal

[@George-z4d]

Forget Alberta. It's a lot more affordable in the US.

[@kevinr6665]

Actually I’m in investing and… Non of these kids are leaving or buying homes elsewhere k.. I will tell you who’s buying whole neighbourhoods though.. Yup, oh you know. Then you can rent off them, own nothing and be happy.

[@a88888888a]

It's probably better for them to leave Canada tbh. I visit there and the urban landscape seems like failed states

[@Zero11_ss]

Young Canadians dream is to get a job in the US now.

[@clarkkent1215]

Inflating the regions we grew up in so that daddy’s rich daughter can buy up my neighborhood making it unattainable to purchase myself my family’s home in the town I grew up in 😢

[@theonh9365]

Lachute is a bargain.

[@alexnehme3493]

200k young canadians left to usa in 2023 its little too late. They wont be back

[@CorporateShill66]

Mortgages should never have been 30 years. 15 years max, that would moderate prices

[@sushi-love]

US is introducing 40yrs. Canada will follow it..

[@rishi505]

Justin T is worse PM

[@stoneneils]

Grow up buddy, please, its about time.

[@Sk3p_T1kal]

Have you studied them all and made an informed, education assessment?

[@dojyr3130]

@@stoneneils LOL. you think? you're right, Canada is in a great state right now thanks to JT

[@stoneneils]

@@dojyr3130 You're blaming one dude for all the problems, even provincially and municipally legislated. You have to grow up and learn how the country works otherwise you'll be repeating the same nonsense forever and never.

[@dojyr3130]

@@stoneneils You're a funny guy

[@CP4Z167]

Save your money and get out. So many countries out there one can live for so much cheaper and better quality of life

[@acepath3001]

The plan was always to out tax out cost local b.c. families so well pensioned over payed politicians and the like can take advantage of the market

[@TheJoeMoneyShow]

Nobody is leaving

[@wickedpawn5437]

I left last year for the exact same reason they say in the video.

[@trevors1410]

Is everyone ignoring that Toronto and GTA smells like toilet waste. Eau du Canindia

[@alu780]

'young people' like to FANTASIZE about moving abroad, and even for the ones that do manage to move realize their uncontrolled spending habits are too high to survive anywhere.

[@Impozalla]

There are 6 million Canadians living in the US. The number will only continue to grow as Canada's economy tanks. Young people and anyone else who are able to work in the United States will move there to seek better fortune in life.

[@ericyuan9718]

@@ddvanzano How long have you lived in the US for the green card?

[@Impozalla]

It's easier for people who work in health care, tech, entrepreneurs and direct investors in the United States to obtain a working visa and eventually permanent residency. If anyone is not in those fields then it'll be extremely difficult for the individual to obtain a working Visa or permanent residency status.

[@maranorth]

No. Stop making up numbers. That is entirely inaccurate. As of 2020, there are under a million Canadians living in the USA, approx. 900 000 Canadians. (Source: Stats Canada).There are approx 3-4 million Canadians who live abroad in total in various countries; and of those, very few were born in Canada. Many are born to Canadian parents who live abroad.

[@Sam-tr4cy]

The new Canadian dream is to leave.

[@javiervega1065]

No its not

[@mycharles3340]

We dont need any more "international students".

[@rosegold.sunset4749]

Blaming Covid instead of government officials is comical.

[@stoneneils]

Toronto was always insanely expensive but salaries can make it worthwhile, at least until you learn everything you need to know in your industry. You won't learn it anywhere else. TO has all head offices.

[@ericyuan9718]

Yep, just get experience and start applying for jobs elsewhere.

[@ericyuan9718]

@Tomyum19 That's what I meant, use Toronto to get experience due to slightly more entry level jobs and get the hell outta there because the immigrants are suppressing salaries in Toronto. White collar salaries are utter garbage in Toronto. And by the way, what do u define as Northern Manitoba? Living in the upper half of the province? And u live 2 mins away from a hospital? God bless the doctors that operate the hospital that could find a job anywhere else but decided to live on land only fit for gulag workers. Siberian winters and even the summers aren't pleasant cuz the mosquitos I hear are massive.

[@wickedpawn5437]

I met a Toronto lawyer in the line at DriveTest. I asked her what's in her opinion a good salary in Toronto. She said a couple should be making $300k/year each. She added: "Toronto is expensive, right"? I realized my $178k salary was above poverty line, so I left Canada within months.

[@wickedpawn5437]

@Tomyum19 You're right! I took me about 1 1/2 years to leave.

[@stoneneils]

@@wickedpawn5437 You took one person's advice and left a country on that alone? Them you are REALLY not too bright as my cousin lives in Toronto just one year, he's 22 and is only making 40k yet doing just fine. His studio is $1400 and he pulls is about $3300 leaving the kid with almost $2,000 spending money. I know 100-200 Torontonians, they are doing fine.. You really wussied out dude.

[@mackenziehinschberger3699]

Nice hair John 🔌

[@Jarod-vg9wq]

We are lucky if we get an apartment.

[@captainpobtamere3024]

that is BULLSHIT!!! the price is also high in small region...

[@henrygreenwood3927]

Canadians cant afford to get into the market. No worries. Lots of people from other countries can.