Warning ⚠️ To New Immigrants Canada 🇨🇦 Housing Nightmare & Inflation | Wali Khan Podcast # 31

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Canada is the go to destination from all over the word for people opting for immigration - however, there are some caveats specially people who are moving from Dubai. We have discussed in detail about those issues and many more tips in this podcast.
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0:00 Intro
2:38 Challenges in Canadian Real Estate Market
6:30 Impact of Variable Interest Rate vs Fixed Interest Rate
8:58 Changing Sentiment in the Real Estate Market
10:50 Impact of Rental Inflation
12:38 Abysmal Job Market Situation In Canada
16:45 Housing Affordability and Immigration
18:30 Creating a Stream of Income Before Immigrating To Canada
20:11 Supply Issue of Housing in Canada
21:34 Canada has housing affordability issue
25:36 Comparing Canada with the US Economy (Why better?)
32:58 Impact of Immigration on healthcare & education
34:46 Impact On Inflation - Utilities, Bills, Gas Prices
45:24 Positives of Living In Canada (& Some More Cons)
52:03 How Does the Future Looks Like For Canada? Other Options?
1:00:05 Concluding Thoughts
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Опубликовано:

21 июл 2024

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Комментарии : 123

@WaliKhan_2k 6 месяцев назад

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@joypatel8344 6 месяцев назад

100% Agree I landed in Regina as a PR got a job in 2.5 months work from home but still due to weather conditions and food and what we feel that our Life in Ahmedabad was far better and earning was also good so we decided to move back to Ahmedabad in January -24... Trust me guys if you are earning INR 60,000 and above our country is far better than this all western countries.

@ibrahimm2012 6 месяцев назад

Kem cho mota bhai

@truthprevails3751 6 месяцев назад

ભાઈ તમારી સાથે વાત થઈ શકે?? ખૂબ વધારે confusion છે પ્લીઝ

@avijitbasu5789 6 месяцев назад

But, what do your relatives and friends say, in India? Defeated in Canada and returned?

@khalsa3344 6 месяцев назад

60k each member or joint income , let's say family of 4 !

@joypatel8344 6 месяцев назад

Defeated by Isolated Quality of Life in Canada so we return back @@avijitbasu5789

@ashwin007 6 месяцев назад

Very well explained. Most people in Canada were unable to understand the increase in interest rate issue.

@CloudSecurityGuy 6 месяцев назад

Moved to the UK after 10 years in the UAE . UAE is amazing but it never gives you citizenship which does become VERY important as you get older and you worry for your children's future

@avijitbasu5789 5 месяцев назад

This is the DESI problem. It wants to have a LIFE with no PROBLEMS.

@HS-yi5ux 5 месяцев назад

Where the Gora will take their kids..children…danger

@jiti5034 Месяц назад

@@avijitbasu5789 It is but that does not mean Desis are doing something wrong, it is not only SOuth Asians but Philipina, Indonesians

@huzaifasaad5677 5 месяцев назад

What software you are using to record this podcast? In which software have you edited this podcast in?

@yaskh786 6 месяцев назад

Same is the case in Australia. Rent, inflation, interest rate all very high.

@jiti5034 Месяц назад

Everything is not about money , and inflation is everywhere ,

@usmankhalid8422 5 месяцев назад

What are the best scenarios on moving to US? Study visa? as H1 is a difficult prospect. Please advise on feasible options. Thanks.

@jiti5034 Месяц назад

Forget Canada ( -40) go to Australia ( +40) and choose your climate! Cold and eu vibes go to Melbourne, Dubai vibes = go to Gold Coast close to Asia = Perth , Mumbai vibes = Sydney

@positivity1016 6 месяцев назад

Great show

@anasa464 6 месяцев назад

100 baatoun ki ek baat.. UAE will never give you a passport.

@kachrachi 6 месяцев назад

Ideal route is to work in the Middle East for 10-12 years at a managerial level and then migrate to Canada loaded with cash for a good life

@asmashoaib5638 6 месяцев назад

But UAE gives you a very good life in every aspect especially for muslims.

@kachrachi 6 месяцев назад

@@asmashoaib5638 everything is rosy in UAE till you get laid off. May Allah keep everyone stable

@asadb1990 6 месяцев назад

Arent they sellig citizenship now.

@jiti5034 Месяц назад

@@asmashoaib5638 Everybody in UAE who is ex pat is not Muslim! don't forget that and if religion is so important why do Muslims don't get PR there?

@vichysaho2135 5 месяцев назад

Not just bad economics , health Canada doesn’t admit you’re going to have the highest propensity of a virulent infection, happened to me a decade of migrating here, degenerative life altering disease.

@jacobjohn4180 5 месяцев назад

I quit quebec in 3 months, its cold and wretched. Iam doing good in India now

@maneshroy4511 6 месяцев назад

Seasonal & contract jobs given to many immigrants, policy of use & throw, no commitment for the future...

@316840 6 месяцев назад

While i agree with most of what this guy said, the oil & gas inflation points aren't accurate. Case in point: - Canada is a hub for oil, while true, the oil we have is 'oil sands', its very hard to access and refine therefore the cost of processing this oil is way higher than middle-eastern oil - 50% taxes on oil, while also true, the Canadian oil prices are on par with Europe even Pakistan (in-fact Pakistan has an even worse per litre price). Canadian government does give a Quarterly rebate on carbon taxes which off-sets the high cost (while i rezognize its still expensive) everything else this guy said is true, housing is expensive, healthcare is really bad, education seems to be tanking (especially post covid)

@Sandeep14736 5 месяцев назад

Chacha fumble kar gaye when speaking about carbon taxes. Bhai ek average household gets back more than what they pay as carbon tax for both heating and gasoline. Moreover, 2016 mein crude was US$26/bbl vs $75+ now. Townhouse utilities would be C$350 per month on average with $350 per quarter as Carbon Tax Subsidy refund.

@inderpalsinghbanga2491 5 месяцев назад

If you get Education from Canada, are skilled,and can manage yourself. Canada is the best destination to earn even rise in cost of living. Inflation and unemployment is all over the world.

@saquibsohail 6 месяцев назад

Living in Toronto for 42 years. When I was 6 years old there were no desi's here. Zero. I have already lived the golden years of Canada. Now it's time to leave and give new immigrants a chance. Cuz my kids will never achieve the same success I did. So time to bounce. Where, well where else. Amrica bhadur lol

@kachrachi 6 месяцев назад

Well said sir. All the best for your next move

@avijitbasu5789 6 месяцев назад

Same, came to Canada, 25 years ago. Saw only odd jobs, in Canada. So after completing my PhD and running down the TIME CLOCK ( 3 years) for citizenship, I moved to USA with TN 1 visa. After retirement, I came to Canada, in October 2023. Life is terrible. But, I am lucky that I did not had to face the HARDSHIPS of Canada , at present. I am now thinking g to settle down in India during winter season and come back to Canada during summer. Getting g ready to obtain the CPP pension and OLD AGE benefits.

@funkybuddha1598 5 месяцев назад

So many people moved to Calgary, there are no jobs whatsoever now

@siddiqze 6 месяцев назад

Great points but you missed a point where there are a lot of pre-construction that are coming out in the market. This will help the new immigrants get in the rental as that is what they need to start. Very accurate information.

@mannysubramanian8393 6 месяцев назад

Houses are expensive and unaffordable

@sohambhattacharya3957 6 месяцев назад

I think 100K not 100. Probably a typo

@jiti5034 Месяц назад

If there are pros and cons then why have a negative title it should be something like " Canada to be or not to be"

@kshitijshah5052 Месяц назад

It is not negative title. It is fact.

@jiti5034 Месяц назад

@@kshitijshah5052 Facts all cant be negative , hence the title should be not one sided.... Millions have migrated and many have settled so it can't be all negative, currently yes there are challenges, everything is not about money .. people are looking to migrate to a more democratic more diverse long term places specially those who are used to good life in ME and don't want to go back to South Asia for themselves or for the children ,, so any body doing videos should keep it neutral, Not only positive not only negative , specially ME region with golden visa and real estate free hold is allowed people start thinking that it is like the west, it is not, ( it has its unique set of pros and cons ) one big negative is you cant get real PR in ME period....

@trios_gaming5039 5 месяцев назад

❤

@SunnyR-yi9te 5 месяцев назад

justin t spending billion on Ukraine , Syria and refugees .but zero dollar on building homes, roads , hospitals . Shame govt of Canada. Australia is better . nurses and trade person have job and PR in Canada

@ctawab 21 день назад

Canada is $58,100 per person (per capita GDP)

@ctawab 21 день назад

This cad dollars not usd

@ctawab 21 день назад

According to study that I was reading recently, the gap between per capita, GDP of Canada and America has widened in the past year

@naumanshah4764 6 месяцев назад

are you out of your mind, 15-20 lacks per month, o bhai , if you earn 5 you live like a king if you own a house

@zeeshansa8866 6 месяцев назад

UAE 🇦🇪 is ❤

@bashh568 6 месяцев назад

As long as you 🤫😂

@Mindhunter88 6 месяцев назад

Just Muslim Indians... The rest can stay at home Please!

@shoaibrauf8287 5 месяцев назад

He is guessing that Canada is recession. Perhaps he does not know the definition of recession, and he is talking about macroeconomics..

@faisalcircle1211 6 месяцев назад

Two aflatoon talk

@pakistaniinchina5252 6 месяцев назад

this is the right time to move CANADA ,

@pakistaniinchina5252 6 месяцев назад

All these situation is worst in everywhere .......... rent is higher ,then we should stay at home . if we dont take a risk, anyway i am moving to CANADA , my friend are happy and have many jobs opp

@as-rx9xn 6 месяцев назад

Yes come, become a uber driver

@tweeety2724 6 месяцев назад

uber driver, grocery clerk so on ... one more thing for these down graded jobs you need references... bro be happy with what you have in home country

@superyann2000 5 месяцев назад

Just stay in your country , stop to go in other country to do a social crisis

@shoaibrauf8287 5 месяцев назад

With respect, it is very unprofessional analysis. This person seems to have no macroeconomic background and reasons for legislation the government introduced, which impacted the real estate market. Any government can not afford to deal with inflation. Very ill-informed analysis.

@smitathite4066 5 месяцев назад

Mr .Wali your voice not clear

@WaliKhan_2k 5 месяцев назад

Pls try other device as so far I haven’t got this complain. Do let me know if that resolves.

@Editor-px2ph 6 месяцев назад

Perfect, don't come. Please save Canadian tax payers.

@asgharch6820 3 месяца назад

3 trillion extra dollars r in market.unless,this money is not taken out from marjet,interest rate will not go down Your guest needs good understanding of capital economy to talk on this subject Example He did not know how pre construction business is done as I am doing this since2016 and have very different prospective about this issue Same issue,i found with shahroz and batool interview These people should study how money market is run by investor inform of real estate,gold market or construction activites Who is investor Chinese or Hingong 75% Indians Pakistani Etc 25% This includes ghost investor

@WaliKhan_2k 3 месяца назад

You have not addressed your concern even with such a long text

@asgharch6820 3 месяца назад

Example I do not like interest based economy and believe in profit /loss based product Result Today ,all my properties r not making money and waiting untill interest rate is 3.5% This is one point he miss why Muslim choose variable rates About construction missing point is Builder not start project untill 80%of project is not sold as bank then finance Standard result Examples We bought an apartment in 2019@459 ,000 dollars 2024 680000 dollars It's a risky business U make money and loose money Our family friend lost 250 000 dollars as she could not close deal Lesson learnt Do not be greedy There must be limit for investment as mine is 700000 dollars I do not work with Pakistani origin people BC we lack business ethics and do not believe in sharing profit

@WaliKhan_2k 3 месяца назад

@@asgharch6820 lol, both variable and fixed rates are INTEREST 😂

@asgharch6820 3 месяца назад

@WaliKhan_2k lessor evil I select but I do not have a definite opinion on this issue I agree with u as some of my friends r renting as they want to buy on cash although recently some ribe free products r available I am in Toronto and my family do real estate pre construction business and a have s boutique store When ever you come in Toronto, visit us at Rida Fashions inc Albion rd Toronto

@ukrainemylove6184 6 месяцев назад

🇨🇦👎👎👎 don’t move to this state , it’s not 🇺🇸🇪🇺

@asgharch6820 3 месяца назад

Electricity bill 50 dollars in 2005 2024 130 dollars Water 60dollars in 2005 2024 250$ Heating 1500 in one year 2005 2024 2100 dollars Wage 9.25 dollar/hour 2024 18 dollar/hour

@ctawab 21 день назад

In 2004/5 min wage was $6-7

@ctawab 21 день назад

2008-9 min wage was $8-9

@ctawab 21 день назад

In 2005 a 1 bed apartment (3 and a half) was about $725 a month in downtown.

@ctawab 21 день назад

A slice is pizza in 2005 was $1.25 A metro ticket if I remember correctly was $0.75

@taklusyndrome 6 месяцев назад

trash audio

@DanishAshrafi 6 месяцев назад

Instead of spreading the negativity that everything is collapsing getting destroyed etc.. you should also see that there many businesses there which are growing insanely at the same time... One just need to have a data centeric approach of focusing on what's working instead driving attention to something that you can't control. In Canada I know many people at the same time growing like crazy. Yes they are mostly the business man or highly technical skillset people so we can't compare them with all the others but "rizk ka wada tumhara tumhary RAB sy hai" so wether u r in UAE, PAK, CA, USA u can't earn or lose a single penny if Allah has not written it for u. May Allah help us all grow and keep us safe.

@siddiqze 6 месяцев назад

Who is spreading negativity? I think they are giving a correct picture to people who want to come so that they do not get the reality shock. If you disagree, please provide your viewpoint so that we have a productive discussion as this can help people planning to come to Canada.

@DanishAshrafi 6 месяцев назад

@@siddiqze Here's my view, based on my experience. I might be wrong. Last year, 8 of my friends went to Canada. 6 are in digital marketing, 2 are AI developers. The lowest salary among them is 80k annually, which is good. Jobs are everywhere if you focus on what's in demand. Some people go there and aim for very basic common jobs; of course, they'll struggle.

@rizwanazhar1336 6 месяцев назад

I have been living in Canada for more than 25 years. I can confidently say that politically and economically it is not heading to the right direction. Housing is out of control, rents are unaffordable and good paying jobs that can be on par with inflation are scarce. The health system is taking its last breath and these were the exact words by a paramedic who was transporting my infant from one hospital to another last year. The public school quality is not the same it was went I was attending it. There is lot of cutting taking place on gov sponsored programs. The more money you make (ethically), the more you end up giving in taxes. I know people are making good money as consultants but due to influx of people immigrating and people willing to work for less, the so called ‘good hourly rates’ are going down. Yes, you can make money and there are loop holes in system that I know some people don’t end up paying taxes. If you are not ethically and morally conscious and like the back door practices then no issues for you but I know for most people it is not. By no means I am discouraging and you should do your own research if it is feasible for you or your family but these are hard truths you should consider before coming here.

@kachrachi 6 месяцев назад

All good points, but thus video serves as a reality check for those diving into the Canada route without having the required skills hoping that it will solve all their Pakistan problems.

@avijitbasu5789 6 месяцев назад

Who is spreading negativity? Here look at me. Never got a steady job in Canada ( with a PhD from a middle ranking Canadian university). However, with sane credentials landed multiple offers in USA and MIDDLE EAST. Stop PRAISING Canada's job growth...ok?

@tweeety2724 6 месяцев назад

to those who wants or plans to move to canada .. pls dont come... do all research and think 100times before taking step.