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Be interested to know where. Family member sold a house last year with similar features but no pool, $1.6million and had to pay $2.4 for a thirty year old house with a bit more space. Both twenty miles out of the city.
The house is in East Hills next to Kelso Park, all bricks built in the 1980s. I was wrong, he paid 1.2 no 1.1 in Oct 2022 still my point stands, no chances of finding something comparable in Vancouver for similar prices and Vancouver is not the economic capital of Canada like Sydney is for Australia.
You get two bags of groceries and it cost about $100. The same two bags would've been just $50 a couple of years ago.
Rent increased again, that's cool. Now it is over $2000. Not bad though, thats still a bit less than the average rent in Canada....wait, what?
The healthcare that was bragged about to anyone who will listen is on paper more than anything. My old doctor left and now I'm looking at not having one for at least one and a half years. What?
Life expectancies are dropping for the under 40 generation and its dropping fast. Unemployment claims just hit their highest levels since 2008. Are we calling this a recession yet? No, instead the government is still enticing poor immigrants into this land of opportunity to blow their life savings here.
Cities have homeless drug addicts sprawled across the streets. I turn on the TV and see politicians making an entire career by offering tax payer funded heroin to addicts. Homeless.People. Everywhere. The good thing though is that we're bringing in record numbers of third world immigrants, that's fun.
Meanwhile the government puts out new ads and news stories about how Canada is the best country in the world according to some new amateur poll. Incredible how obvious it's gotten.
So where will we be in two years? This country cannot possibly continue on this path. 9/10 young Canadians have completely given up on ever owning a home. Thats insane for a self congratulated first world country.
People no longer take pride in Canada because...why should they? Because the federal government will pay for your sex change if you work for them? How does a country that used to pride itself on equality allow it's cities to become dystopias split between homeless drug addicts and well to do people who inherited their parents wealth?
We are headed towards second world status fast. Really, the OECD stated that if the economy turns around immediately it will still take at least a decade to recover to where we are today.
Now we see even progressive people in other western countries looking at Canada a bit sideways. As the example to avoid. It turns out that the world doesn't 'need a lil' more Canada' anymore. You don't want to end up like those Canadians do you? It's an embarrassment.
OK enough sarcasm...what is the solution to this? There are lots of intelligent voices here so what do you think? Where we will be in two years from now if this continues? I don't see a way out so I wonder who does.
It's "progress" to destroy white countries. All part of the plan.
First the Indian government killed some one in Canada. Since then there has been a steady increase in Indian organized crime activity across Canada directed all the way from India. Extortion, arson and drive by shootngs. The fact the criminals feel they can extort people so openly is very third world. If current immigration trends continue this will only get worse.
The house is in East Hills next to Kelso Park, all bricks built in the 1980s. I was wrong, he paid 1.2 no 1.1 in Oct 2022 still my point stands, no chances of finding something comparable in Vancouver for similar prices and Vancouver is not the economic capital of Canada like Sydney is for Australia.
Interesting, probably about 1.4 now but quite good value for Sydney, on the upper part of the George’s River. Some parts there are flood prone, but not to say that affects your friend’s house.
Just out of interest, what would something like that cost in Vancouver?
1 Canadian dollar is currently worth 0.74 US dollar. In the last 40 years, the exchange rate stayed between 0.70 and 0.80 USD during most of the time in the mid 80s, mid 90s and lately since 2015 until today. The Canadian dollar was usually stronger than today between 2005 and 2015 and weaker than today between the late 90s and early 2000s. So, historically, the Canadian dollar is not really too weak now. It looks weak when compared to a decade ago when it was close to parity with the USD, sometimes being even more valued than the USD. But overall, considering several decades, the CAD is not that much undervalued, the average historical exchange rate is probably near 1 CAD to 0.80 USD.
The US dollar was generally weaker for a few years after the recession, the Australian dollar was high then.
I would have thought that Canada, being an exporter, would benefit from the weaker dollar as Australia does.
Other than exports, it benefits tourism. My kids are currently skiing in BC and my brother will be heading there next month. The US was out of the question because of the current cost due to the exchange rate.
The US dollar was generally weaker for a few years after the recession, the Australian dollar was high then.
I would have thought that Canada, being an exporter, would benefit from the weaker dollar as Australia does.
Other than exports, it benefits tourism. My kids are currently skiing in BC and my brother will be heading there next month. The US was out of the question because of the current cost due to the exchange rate.
I’m not sure to what extent it would be really cheaper. 1 Canadian dollar is cheaper than 1 US dollar for sure. But if something costs $75 USD in the States and the same thing costs $100 CAD in Canada, the different exchange rate doesn’t mean any real saving. And that happens a lot. Now if the same thing costs $75 USD in the States and $75 CAD in Canada (or even 80 or 85) that means an advantage for the tourist indeed.
Pardon me, dear friends. But each time I've set foot on Canada (a total of 3 times and as recently as September 2023) I always end up asking myself: Why can't the USA get its act together?
And as Forrest Gump said, "that's all I got to say about that."
I’m not sure to what extent it would be really cheaper. 1 Canadian dollar is cheaper than 1 US dollar for sure. But if something costs $75 USD in the States and the same thing costs $100 CAD in Canada, the different exchange rate doesn’t mean any real saving. And that happens a lot. Now if the same thing costs $75 USD in the States and $75 CAD in Canada (or even 80 or 85) that means an advantage for the tourist indeed.
Had a look and compared Heavenly at Lake Tahoe (where my kids worked one season) with Sun Peaks, BC, where one is now. When you take in the exchange rate, Sun Peaks is only $US85 for a lift ticket next week whereas the US resort is $US188. Big difference when there are four of you skiing for a week.
No idea why the difference is so much.
The fact the criminals feel they can extort people so openly is very third world.
Not just this comment, but a number of others that do not deal with the definitions that comprise the various economic "worlds." Here's what I learned in a few political science and economics courses:
First World: Wealthy countries that are largely capitalist market economies. Examples would be any member of the G7 (which includes Canada), plus a few more that would fit perfectly in a G12 or G15.
Second World: Any country that is nominally socialist/communist. Typically, they have a centrally-planned economy, and government is the central planners. Examples include the former USSR, China pre-1990 or so, Cuba, North Korea, and others.
Third World: Poor countries, typically capitalist. Not necessarily destitute, and not badly off, in many cases; but not wealthy enough to be called a First World country, even if that definition was expanded to a G25. Examples might include Morocco, Egypt, Ecuador, Chile, Indonesia, Kenya, and others.
Fourth World: Very poor countries. Often capitalist, with a market economy, but lacking something that could improve their lot. Maybe it's natural resources, maybe it's the inability to attract investors in industry, maybe it's corruption, or maybe it's something else. Regardless, Fourth World countries are the poorest of the poor.
Now, given these definitions, I'd ask the OP: if he or she asserts that "Canada is no longer First World," and "[Canada is] headed towards second world status fast," then in which world, according to the above definitions, does it belong? It cannot be Second World, as Canada is not socialist/communist with a centrally-planned economy. It cannot be Third World, as it remains much more wealthy than any Third World country. And it is most definitely not Fourth World.
The cost of a bag of groceries, or a tank of gas, or the homeless problem, or whether "the federal government will pay for your sex change" (wrong on its face, as that's up to the provincial governments), has nothing to do with Canada's First World status. Inflation happens, prices go up. I'd love to be paying 21c a liter for gas, $40 for a week's groceries, $500 a month for rent on a one-bedroom apartment, and I did all that back in the mid-1980s. But now, it's 40 years later. I expect to pay more today. And I expect to be paid more today.
At any rate, as long as Canada is a capitalist market economy, it is not heading towards Second World status fast. When the federal government institutes a centrally-planned economy, anybody who asserts that Canada is becoming Second World might have a point. Until then, they don't. Canada will remain First World.
Not just this comment, but a number of others that do not deal with the definitions that comprise the various economic "worlds." .
I was talking about the situation where criminal groups operate like this. It is actually very common in the thrid world. India is by every definition a third world country and this organized crime operation according to the news clip is being directed from India. I didn't say Canada was third world. Seems you are not dealing with what was actualy written before you quoted me. This is not the first time you have done this.
Quote:
The cost of a bag of groceries, or a tank of gas, or the homeless problem, or whether "the federal government will pay for your sex change" (wrong on its face, as that's up to the provincial governments), has nothing to do with Canada's First World status. Inflation happens, prices go up. I'd love to be paying 21c a liter for gas, $40 for a week's groceries, $500 a month for rent on a one-bedroom apartment, and I did all that back in the mid-1980s. But now, it's 40 years later. I expect to pay more today. And I expect to be paid more today.
The problem is wages are not keeping up or are simply not enough. Even people that make above average household incomes can't buy a home in some places anymore. This does make it very much like a third world situation we are heading in where only the very rich will be able to buy homes. Yes not everything is doom and gloom but things are not good either.
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