@puresoul3rxx
As a young 20's man living in Toronto, this video is nothing but facts. Living expenses are out of control and nearly all your salary is being used just to stay alive. Really hoping our economy can take a turn for the better or we are all cooked
@CollectorWorth
the joke here is, why start a business when you can start a house?
@mxpwr4003
2 kids , 2 full time jobs , 1960 bungalow in rural town and driving the cheapest existing used car possible on the market worth $800. And we could not survive without next paycheck. What the hell.
@NevsTechBits
I'm a Canadian. The country died 2 years ago. The Canada you remember or think of is gone. Now we are just a bunch of poor people being controlled by a bunch of rich people who are only interested in investors.
@MinhajAhmed-y7i
I came to Canada 6 years ago for a better life, now realizing the life I had 6 years ago was better.
@CF_Texas
Canadians: The government has been ineffective of addressing the housing crisis in years Also Canadians: Let’s elect the same government that’s been in power for over a decade.
@forceofchaos1
Just 2 nights ago, my girlfriend was crying because she felt overworked, and her entire paycheques are being absorbed by rent, food, bills, and taxes. Despite her fancy BA degree and good job, she wouldn't be able to survive on her own.
@nicolasdelvalle2188
I’m 22 working as an intern in Montreal now (I study in Toronto) and can confirm everything is hopeless. My parents are mad that I can’t save any money when I’m making less than 40k a year paying rent and all my expenses. My tuition is stupidly high and I can’t afford that without my parents either. The amount of times I’ve heard “just work and save” is infuriating because there’s never any left.
@squeebun7330
Canadian here, living in a smaller city an hour drive away from Toronto. Both me and my husband each work two jobs - no kids, just pets. About 50-60 hours a week each - all four jobs pay higher than minimum wage and we live paycheck to paycheck. Our combined income still does not qualify us for a mortgage high enough to buy a house - we are stuck renting a basement apartment for the last 5 years. If we were to buy a condo, we couldn't afford to pay for the condos fees on top of our mortgage (condo fees alone are about $600-$1000 extra a month on average). We don't drink, we don't smoke, we have no high cost hobbies, and we cannot afford to go out to eat. We shop at budget grocery stores and spend $80 combined a week to feed ourselves because that's all we can afford. There's no opportunity for growth in either of our careers because many companies have been going through mass layoffs or completely going bankrupt - we both have post secondary degrees, but the job market is so bad right now, most people with degrees can't even land a retail job. Job postings get anywhere from 200-2000 applicants within the first day - work opportunities are scarce. Everyday we talk about leaving Canada and are trying to find a way out. I was born here and he has lived here for 30 years - things are getting worse as time goes on and most people have completely lost hope. Almost any other place in the world seems better than this. We feel trapped.
@bt920
Im seeing a huge trend with all content creators making videos on how bad the situation is in Canada. Its so bad here that everyone's noticing it
@xioticz3488
Great video, dude. You really nailed the real problems in Canada that I've been thinking about for well over a year. It's often not reported how interconnected these economic issues are, so it's refreshing to see someone break it down in a way the average person can understand.
@oliver_atomo
This video is spot on. Facts. A stark warning to any potential immigrant. Life in Canada is extremely difficult. This is not the country you think it is. Think twice before deciding to flip over your life and come to Canada.
@qcca123-f1v
you left out 1.5M foreign students. They're clamping down on that now also.
@thejager365
As a Canadian, sadly this is pretty accurate. Theres also another element not really discussed in the video you might find interesting. A LOT of the massive influx in immigration is driven by colleges, especially private and 'career' colleges. International students pay astronomically higher tuition, so the colleges lobby the government and pay huge sums to international recruiters (often very sketchy) to bring people from the streets of India and China with promises of a good future. The colleges get their money, government taxes it and all 'appears' well but the students themselves are left destitute, no good job opportunities, crammed into dwindling numbers of apartments and using up a lot of social services.
@xwedel
I’m an 18 year old living on Georgian Bay in Ontario, when I was a young kid this was just a small town in the middle of nowhere. My parents bought their first house in a nice suburb right in town for 155,000$ when I was 4 years old. Then suddenly this became “cottage country” for all the city people to escape the hellscape of Toronto and the GTA. That house is now valued at 700,000-800,000$ I reckon. Nearly a 500% price increase in 16 years. I’ve been priced out of the place I was born in. Where do I go now? Either I stay down here and be a debt or rent slave for life, or I go up north the edge of civilization and live in a shed, with the same standards of living my great great grandparents would’ve experienced. What a nightmare that within 2 generations of the best, you slide back 4.
@snittolo
Very very accurate, one of the things to add into the loophole section is non-citizens buying multi homes and others who never invested or started businesses and spent 30-40 years stockpiling homes. People in Vancouver area were found to have 17 and even 20 homes registered to them, that should never be allowed for any reason.
@dougpatterson7494
I'm watching this as a Canadian homeowner who bought in Autumn 2023. I earn just under the "median" national salary but live in what was one of the "30 most affordable" Canadian cities 3 years ago. I could not afford this house on my income and savings alone; I received an inheritance towards my down payment and rent out the basement suite to teo students and the other upstairs bedroom to a good friend. I am glad that home prices are falling in Canada's most expensive regions and hope that continues. I'm not pleased that home prices have increased at least 20% in my city since I bought. I hope the country can become more affoedable, even if that means Real Estate prices fall. If its ones home: you still have a place to live. If its an investment: remember that past performance is no guarantee of future performance.
@appmania2180
As a canadian, I approve this message
@Paul-v8v4j
The average cost for a house in Canada in May 2025 is about $690,000, which means a monthly mortgage payment of about $3600 for 25 years. Canadians are debt slaves
@Explains101