We don't have too many immigrants, we have too many houses being wasted as "InVeStMeNtS" and too many rich fucks not paying taxes choking out the economy and social services.
We don’t have too many investment properties (we do but that’s not the issue)
We aren’t building up non-traditional cities
We are relying on private sector for housing
Road based civil planning
They only polled people that have such investments
Thanks, municipalities, by trying to persevere the character of your neighbourhoods, you've managed to destroy the character of Canada.
People are upset about immigrants because of housing. Housing is a problem because cities made it de jure illegal.
I think this is it. The survey points to rational thinking amongst the most severely affected, not a racist aversion.
But immigrants make a good scapegoat.
The real story:
Just 10 per cent of Canadians who think there is too much immigration say their concern is that Canadians will become “a minority” in their own country. Only eight per cent say new immigrants don’t adhere to Canadian values and just four per cent believe that immigration is bringing criminals to the country. Eighteen per cent worry that immigrants are taking jobs from Canadians.
Yeah, but if we said "Half of Canadians are sick of late-stage capitalism's worst feature" it wouldn't go down as well with the people who buy and sell advertising.
It has nothing to do with capitalism. The housing crisis is created by ignorant or lazy stakeholders looking at short term gains instead of long term prosperity.
Costco plays the same capitalist game as Loblaws. Why is it that the former is so appreciated while the latter is hated by many?
We can look at housing the same way. Why isn't anyone providing high quality housing for a low price, focusing on accessibility and efficient use of funds instead of building expensive luxury apartments. Sure that'd drive down prices for existing homeowners, but the revenue would be much higher since they can now sell to a much broader group that can afford to take a smaller mortgage. They could build in low density area (e.g. Milton is 1/10th of Toronto), and bet on the growth that would go with creating self-contained areas easily accessible to Toronto via the Go train.
Instead, we get the Weston's of developers: price gouging, expensive developments, low appeal to newcomers/younger folks.
It's pretty hard to make it up in volume with housing. So it behooves builders to build houses that are as profitable per man-hour as possible. The solution that worked before was government housing. It increases the supply, which lowers prices. It also can put in government-managed caps for price, which puts downward pressure on the prices charged by private homebuilders. This in turn puts pressure to not build as many luxury homes, because the market for them becomes people who want luxury homes and not people who want homes and are willing to buy a luxury home to do so. And that causes an increase in capacity to build less luxurious homes because the house you can sell now is generally more valuable than the house you can sell 3 or 6 months from now.
This isn't an easy solution. It took us 40 years to get into this mess, and it's going to take a good while to get out of it.
Edit: also, capitalism tends to put pressure towards profits now more than more profits later, and generally gives no incentive for making the world a better place. Capitalism directs you to charge as much as the market will bear, and the smaller the supply of new homes, the higher a price the market will bear. So this is absolutely a failure of capitalism, and it's unlikely capitalism will fix it. Only a fool (or an altruistic, and capitalism paints both with the same brush) would go out of his way to devalue his own product. This doesn't apply to Costco because, as I initially pointed out, making it up in volume is well within their capability.
Woah those are some healthy looking numbers, ty
Most Canadians are not anti immigrants, they are anti housing crisis and anti healthcare strain. The former is the results of capitalist decision making/lobbying, latter is the results of cuts in government budget for healthcare (a favorite policy of libertarian/conservative parties) and extreme bureaucracy and aversion to innovative healthcare management designed for efficiency (this is a problem in many parts of the world, and we all know Canadian governments, provincial or federal, are not known for their efficiency).
The lack of technocrats in government is a massive issue. Holland (fed) and Dubé (QC) both worked in financial services before going into politics. Dix (BC) worked as a journalist, and it's unclear what Jones (ON) was doing before politics. Why aren't doctors, nurses, healthcare management experts (i.e., people who actually ran hospitals and worked with doctors) getting elected and taking those positions?
And the other half arrived this year
Canada needs more people. It also needs more infrastructure.
Unfortunately Canada is doing a good job tackling #1, but a bad job tackling #2 because the financials work out to be just fine to do so.
Tell that half to go back to where they came from. LOL
It's insane to me that anyone in Canada would hold this opinion given that our economy is on the verge of ruin due to the lack of available labour and the massive amount of retirees we have. Where do they think this money will come from?
We don't have a lack of labour. That's a myth the neoliberals are pushing to keep wages low. There's a lack of businesses who are willing to raise their wages to the point that people would be willing to work for them.
And keeping businesses dependent on sub-livable wage labor is problematic.
Exactly. We bring in immigrants because our economy is addicted to paying poverty wages. People will post the studies showing that immigration doesn't suppress the wages of good paying jobs as though that's a winning argument, but what they're ignoring is that that's because the economy has a built-in assumption that immigrants are all paid starvation wages.
That's an argument to end the exploitative TFW program and increase unionization rates. Not against immigration generally.
I agree. But that's not the approach the Liberal party is taking, and their approach deserves criticism.
I agree with the sentiment that wages need to be rise to provide a better quality of life.
I do have some questions however, if we did not have a larger working class than retired how could we sustainably fund their retirement?
It's a well-known fact that our population demographics are only getting older. He only way I could see this being sustainable is if you restructured our economic system.
The current working population only partially funds the retired income. Significant part of retirement income in Canada is prepaid in the form of the CPP which is sustainable, institutional pension plans, and private savings beyond, often in the form of real estate and other assets. The money the current working population pays for retirees is towards OAS and GIS.
But in my opinion there's a better way to look at it by looking at the real economy, not the financial metadata. Can we feed, clothe, house and medicate our retired population? How many working people do we need to do that? I think given how much food we produce and waste and how few people produce it, that food isn't a problem. Neither is clothing. Housing on the other hand could be a problem since it already is. The same is true for healthcare. Can these be solved so that we don't reach a place where we run out of people to sustain the retired population? Housing can for sure. Once built it requires a lot less labor to maintain. Healthcare, isn't that obvious. Personally I think it's solvable but I can't present an obvious argument.
Finally, we have acute income problems with the working population today. As in, a good chunk of the working population can't afford to live where it works. If we don't solve them, any real problems with retirees become worse. For example PSWs being close to minimum wage workers, can't afford to live where they have to care for retirees.
They've been told it's the fault of the others, the immigrants. And they believed that.
It's the same crew who supported the Karen Convoy of Needle-weenie Arsonists, those who flew the racist flags and blocked parliament and held up trade. Guns? Yep. Bigotry? Yep. Supported by the Conservative Party members? Yep.
We are also in the middle of a housing crisis that has been developing for years. Canada is in a tough spot to agressively grow from immigration and many people feel like their quality of life is threatened by the economic conditions, housing crisis and healthcare crisis. It is understandable to be worried more people without the housing to support them could stress these systems further.
I agree, I wish we would target our housing crisis at the root, our outdated zoning laws. The laws only allow low density single family housing.
The ensures car dependency and adds additional cost.
Car dependancy is bleeding many cities dry. It is simply too expensive abd destructive to maintain at this scale.
Concerns over immigration are mostly about the economy
https://davidcard.berkeley.edu/papers/new-immig.pdf
It is incorrect to think of economic activity as a limited resource that must be defended against the rapacious outsider. Economic activity is not only consumed by people, but also created by them. Value is a product of human labour. In fact, Canada should be looking to increase it's population rapidly so that the market that exists here can develop enough of a gravity of its own that we aren't so reliant on the US market.
Outsourcing and automation have been far, far more impactful with regards to wages. NAFTA (now CUSMA) as well has hollowed out a lot of our economy so that the only real growth sectors are resource extraction which feeds the US market, and real estate. Protectionism is a bit of a dirty word however I think it's necessary to develop industries where we can create value-added products out of our own natural resources, and ultimately build a much more varied and healthy economy. And we need far more people than we are birthing locally to do that.
The new economic activity created by human labor requires resources from nature. More metal for cars, more hair spray for hairdos. More concrete for buildings and more corn for cinemas. Economic activity can expand under conditions of no significant resource constraints. Unfortunately we've hit a resource constraint in the most in-demand locations - housing - due to all the known causes like zoning, etc. Regardless of the causes, it's a constraint that increases the costs across the economy and swallows value, but it is felt the most by the lower parts of the wage scale. It may be wise to balance that while solving the resource constraint in order to avoid destabilization. People will vote against the precarity of their housing situation whether it negatively affects other priorities or not and for a good reason. Keeping the roof over ones head in a country with non-functional safety nets against homelessness is top priority. And so the results of the survey sounds pretty rational to me. I think this sentiment would go away if we build a shit ton of non-market plattenbautens in the major metropolitan areas.
Economics Explained recently did a video reviewing Canada's immigration policies. Most advanced economies have low birthrates and make up for it with immigration. Accepting an immigrant is (economically) much better than someone having a baby. A baby needs decades before it contributes to the economy. An immigrant is often educated and skilled in a desired field and will immediately contribute to the economy.
However, Canada might be the first country to stumble upon some downsides to immigration. Mainly, student visas might not contribute as much to the economy as once thought, Canadian immigrants leave to work in the US at incredibly high rates, and Canadian metropolitan cities are some of the most expensive to live in worldwide and immigration is exacerbating the issue (the issue isn't immigration though, it's a focus on building single detached family homes over high density housing).
Just don't scroll down into the comment section. It's mostly just people being racist. I sincerely hope those comments aren't coming from Canadians. (The channel also did a video on why African countries struggle economically a few days later and the comment section was even worse)
I don't disagree with the general claims you made, and I'm not commenting on the veracity of the specific linked video, but in general EE isn't a reputable source for economics knowledge or analysis. If that's news, check Money & Macro's critique on a couple of EEs videos. It's a clown show.
Unfortunately we have what is basically a MAGA crowd too. In fact, some of them are dumb enough to actually use the term and wear stuff with MAGA on it. Yes, technically Canada is part of America, but I bet if you ask them if it covers Mexico or South America, they would either have not even thought of that or be unsure how to answer, as it wasn't part of the videos they watched that made them mad.
Since 1 in 4 Canadians is a first generation immigrant themselves, I'm wondering if this 50% figure represents 2/3 of all Canadian-born Canadians.
Or maybe some leopards eating faces is going on?
More like ladder-kicking. Every ladder-kicker is going to hell, 100%
EDIT: To make it even more poetic, they get to climb a ladder to heaven before god kicks it down and they fall down to hell.
Think of how stupid the average person is and now remember that half of them are stupider than that.
I don't know what worries me more, that I might be in the lower half or the upper 😐
lol the irony
Fucking idiots.
As a recent immigrant ... ouch.
With that said everyone in my town has been incredibly kind and welcoming of me and my family. We are native english speakers from the US and white though so we can pass for local as long as we dont say "prah-cess" instead of "pro-cess" or talk about the weather in Freedom Degrees instead of Celsius.
40K nets around 32K in Ontario. 1 bedroom rent in Toronto's suburbs is over 2K. That's 24K per year. 24K / 40K = 60% of gross income to housing. 24K / 32K = 8K leftover after housing. 8K / 12 = $666 per month for all else. This number falls to $333 on minimum wage. Monthly transit pass is $156. If you live outside TO proper, you often pay for two passes. Mississauga's is $131. A cheap phone bill with data that could somewhat replace Internet is $35. Internet connection is $50+. Have you gone to a grocery store recently? Better not have any unplanned expenses.
Ah yes. Where you say "no immigrants" and people go "you're racist" and the fact is that it's as it was said: too many immigrants. Nothing racist about it. We can't sustain this size of population.
Edit: Lol more down votes than up vote. Ok people, give me your reasoning how inviting kre people where we already don't have enough places for them to live solves this housing crisis. Is it a race trigger? Ok pretend it's your preferred race being invited to the country. Are you still ok with that? I'm not. We need less people. Not more. It has nothing to do with racism.
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