Newly graduated medical doctor here. Moved out of Canada as soon as I graduated. Good luck everyone

To my own research In Canada, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

Leaving Canada is the best move.

Close family relatives have forever left Canada for the USA.

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

I am a middle millenial with a fairly high income (more than double the national household average) but I live in an area where houses are 1M+ for war time teardowns. Many of my friends have already left the country, and as much as I am a patriot, it just makes a lot more sense, if you are a professional or are otherwise a higher earner, to head to the states if you are able. I like Canada a lot, I grew up in rural Ontario with the total "Canadian experience", but it is a country that has chosen to intentionally grind the young to benefit the established, so, it's probably best to play the game and take the hint to bounce.

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place

More like leaving the country

Decreasing immigration will increase affordability. Very few immigrants work in construction and they create almost all of the demand.

This guy is living in de-lu-lu land. We don’t build houses because we have bureaucracy lined in red tape, until that changes there’s no houses going to be built in time to see change. So bringing in more immigrants is not a solution, we have issues around building, plus the cost to build them is expensive, thus builders don’t want to take on new projects. Sir you need to read the room. 🙄😐

Increasing amortization is the worst solution for the average citizen

Yeah, working on moving to the US, whatever it takes.

Heck ya. Sold my house and leaving Canada ASAP. The U.S. will gain an even bigger portion of Canada's tech talent over the next few years and they typically don't come back. Lower cost of living with a higher salary is a no brainer.

Nothing has changed to build a house. What has changed is the dollar has been eroded.

If only we had lumber and land

On behalf of young Canadians, Trudeau and Freeland must tax the old Canadians to their last pennies. We want to live in Canada where everyone is equally poor, but happy, since it's absolutely fair.

You both should work in construction...increase Canada's productivity....add value not noise😂😂😂😂😂😂😂😂😂😂😂

It's a 10 yr correction...

Not only housing but all the cost of upkeep, property taxes are extremely high! I pay $350 a month just in property taxes (Guelph Ontario) in contrast, my USA coworker pays the same for a 4bd 4bath house in 4 ACRES , mine is an 880sqft CONDO, why does nobody talk about that???

Generational 100 yr mortgages like Switzerland and Japan coming

No disabling comments Ok so far this Channel is way better then the CBC and I will give it a watch in future .

The definition of super saturation applies to debt levels in Canada..

Who are going buy these houses?

Gonna rent out my condo in Edmonton to some Indians and live off the rental income on a beach their country where I won't have to work and the rental income will cover all my expenses. I'd like to live and work in Canada but the wages are so low and costs are so high it's just not worth it to stay and contribute.

lol I like how realtors were big part of pushing prices going high up, and now suggesting those who can't afford it should move to elsewhere, I hope your industry crushes you guys

0:05 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾 0:11 unpack it all 0:18

why don’t we try it. lower immigration a bit and increasing supply

This guy is just pushing the status quo govt lines. Prices are too high, interest rates need to stay where they are, or go up.

My India investor landlord are attempting to sell an apartment they bought for 270k last year for 370k this year. 120 days on the market. I kind of love laughing at how dumb these people are

Most young couple have to choose...parents or homeowners. Sad.

With a lot of Chinese investment in the Mexican economy (building multiple Electric Vehicle plants, solar panel manufacturing etc), a lot of Canadian talent (scientists and engineers) will also be moving to Mexico. Also, there is no DEI in Mexico hiring....therefore even white guys are welcome in Mexico :-)

Tax investor more , they should not have 50 percent without tax. Capital tax gain on primary residence. More incentive for people to buy land and build their homes!!!!