Comments on: Canada’s Immigration Boom May Be Ending, Permanent Resident Applications Plummet https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/ Canada’s Fastest Growing Real Estate News Source Wed, 20 Sep 2023 03:28:05 +0000 hourly 1 By: Keith https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92135 Wed, 20 Sep 2023 03:28:05 +0000 https://betterdwelling.com/?p=23964#comment-92135 This mess has been brewing since the 80s and has now come back to bite us all in the ass. Canada has been an expensive place to live compared to other places for as long as I can remember, specifically the US. We have rationalized the extra cost as the price you pay for living in a simple, stable, safe and moderately prosperous country. Regardless of their political stripes, federal, provincial and municipal governments never looked at or planned beyond the next election cycle. In their defence, however, the unwashed masses who voted for them were/are only interested in satisfying their immediate needs/wants.

The perfect example is how BC’s 1990’s government did everything it could to facilitate the real estate market getting completely out of control, and homeowners gleefully watched their homes increase three, four or five times in value. Some sane people warned us of the impending doom, but as long as the money kept rolling in and the right people were making $$$ and staying in power no one cared.

Now we care, go figure.

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By: Marc https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92101 Sun, 17 Sep 2023 03:23:45 +0000 https://betterdwelling.com/?p=23964#comment-92101 In reply to Mark Bayly.

In order to immigrate to Canada you cannot be poor. Check the facts. It is very costly to get here. No poor person can afford it. Also the express entry system seeks to take person with the highest points who have higher education etc.

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By: Greg https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92075 Fri, 15 Sep 2023 00:39:43 +0000 https://betterdwelling.com/?p=23964#comment-92075 High cost of living with absurd house prices. Canada is no longer a land of opportunity. Most would do better staying home.

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By: Fox https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92059 Thu, 14 Sep 2023 17:03:39 +0000 https://betterdwelling.com/?p=23964#comment-92059 In reply to Frank.

A can of tuna was 59 cents in 1995. Now that same can has less grams, and is now $1.59. Newcomers will be shocked at the low wages and high prices.

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By: Fox https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92058 Thu, 14 Sep 2023 17:02:39 +0000 https://betterdwelling.com/?p=23964#comment-92058 In reply to Frank.

Min. wage was $6, and rent for a one-bedroom was $400-$600 a month. Tell me again how it’s easy working for $16 an hour, and paying $2,400 a month in average rent?

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By: Chrisco https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92057 Thu, 14 Sep 2023 15:39:05 +0000 https://betterdwelling.com/?p=23964#comment-92057 Finally some proof in the pudding. Fifteen years ago when housing was reasonable across Canada you could feel the momentum in our society of wanting to upgrade your domain. We have been driven into a pause by the escalating home prices caused by government’s poor implementation of policy. The article hits it on the head. The Liberal’s thought to open the gates and let the market figure it out. They give little support or preparation for how it really impacts Canada as a whole.
Finally the poor implementation of policy is showing its shortfalls and the pendulum swings as people in other counties recognize what we have been dealing with for some time. The federal government made sure Canada was a place that cost too much to put a roof over your head. This is despite having one of the lowest people to land ratios on earth with an abundance of natural resources that should have made these home costs lower.

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By: VK https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92056 Thu, 14 Sep 2023 13:58:24 +0000 https://betterdwelling.com/?p=23964#comment-92056 I immigrated here in 2009 as an international student. Built a fairly successful career, married another immigrant with a similar story, and recently had a child. It wasn’t easy, but it was doable. Now it’s becoming a grind, and we as immigrants, are used to it. But, I no longer see the trade off.

My sibling came here in 2019. Different story with a different set of cards dealt to play. We’re seriously considering relocating, which is a shame. I keep hearing similar stories from other young families. I am grateful for my journey, but it’s very unfortunate to see this happening.

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By: Average Man https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92053 Wed, 13 Sep 2023 21:08:54 +0000 https://betterdwelling.com/?p=23964#comment-92053 In reply to Itchy Bear.

100%. The Canada Frank immigrated to is the one I was raised in. It is not the one we have right now. “It was always hard to be young and get established,” say the Canadian-born Boomers. “It was always hard to be an immigrant,” say the immigrant Boomers. Sure. But this is different. The last 10 years are different. Let’s just admit this.

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By: Itchy Bear https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92051 Wed, 13 Sep 2023 20:16:14 +0000 https://betterdwelling.com/?p=23964#comment-92051 In reply to Frank.

Remember in 1995, Homer Simpson was a somewhat believable character as a sole breadwinner with 3 kids, a house and 2 cars.

What do you imagine making it looks like for this cohort?

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By: Chrisco https://betterdwelling.com/canadas-immigration-boom-may-be-ending-permanent-resident-applications-plummet/#comment-92050 Wed, 13 Sep 2023 20:15:26 +0000 https://betterdwelling.com/?p=23964#comment-92050 In reply to Igor.

Finally some proof in the pudding. Fifteen years ago when housing was reasonable across Canada you could feel the momentum in our society of wanting to upgrade your domain. We have been driven into a pause by the escalating home prices caused by government’s poor implementation of policy. The article hits it on the head. The Liberal’s thought to open the gates and let the market figure it out. They give little support or preparation for how it really impacts Canada as a whole.
Finally the poor implementation of policy is showing its shortfalls and the pendulum swings as people in other counties recognize what we have been dealing with for some time. The federal government made sure Canada was a place that cost too much to put a roof over your head. This is despite having one of the lowest land to people ratios on earth with an abundance of natural resources that should have made these home costs lower.

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