Comments on: Canadians Are Still Leaving Major Cities In Big Numbers: BMO https://betterdwelling.com/canadians-are-still-leaving-big-cities-in-big-numbers-bmo/ Canada’s Fastest Growing Real Estate News Source Mon, 16 Jan 2023 01:20:58 +0000 hourly 1 By: David "leaving Canada" Tiessen https://betterdwelling.com/canadians-are-still-leaving-big-cities-in-big-numbers-bmo/#comment-88366 Mon, 16 Jan 2023 01:20:58 +0000 https://betterdwelling.com/?p=22702#comment-88366 Its not just outflows from Canadian cities but a surge in emigration from Canada (39% for 2022) and mostly young working age (19-44)

And I’m not surprised given The OECD predicts Canada will not only be the worst performing economy in the G20 from 2020-30, achieving at best a real per capita GDP growth of only 0.7 percent per annum, but they also place Canada dead last among the G20 advanced countries for 2030-2060!

Canada’s future is leaving. The exodus of smart Canadian’s pursuing greater opportunities outside of Canada has begun because this is no country to “productively” grow “real” innovation, SME or a middle class. But if you want to fake it you can inflate “nominal” GDP merely by fiscal and monetary spending which is nothing more than stealing the wages from the future before they have even earned it.
Sources:
https://www.statista.com/statistics/443066/number-of-emigrants-from-canada/
https://bcbc.com/insights-and-opinions/oecd-predicts-canada-will-be-the-worst-performing-advanced-economy-over-the-next-decade-and-the-three-decades-after-that#:~:text=The%20OECD%20predicts%20Canada%20can%20at%20best%20achieve,us%20dead%20last%20among%20advanced%20countries.%20via%20%40BizCouncilBC

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By: Rick Abrams https://betterdwelling.com/canadians-are-still-leaving-big-cities-in-big-numbers-bmo/#comment-88309 Thu, 12 Jan 2023 19:49:14 +0000 https://betterdwelling.com/?p=22702#comment-88309 Los Angeles has already experienced what this article predicts, i.e. immigrants are by passing Los Angeles and moving directly to exurbs or at least to other cities like Denver. In fact, potential immigrants from Asia may be going directly to Canada and avoiding the US entirely

On the upside for Los Angeles, our traffic congestion is now down to 6th. LA lost 200,000 ppl last year which reduced congestion, work from home is high, and baby boomers are retiring and not traveling. Babies do not drive. Thus, LA has seen a steeper drop in drivers than the mere loss of 200,000 family millennials would suggest at first glance.

Mass transit is NOT a reason for less traffic congestion. Ridership on METRO is down since it is dirty, slow, and dangerous. LA has criminally insane roaming the streets murdering people and the new mayor refuses to speak against political violence

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