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Canada's surging cost of living fuels reverse immigration (www.reuters.com)

submitted 1 year ago by MicroWave to c/world

53 comments fedilink hide all child comments

The dream of making it big in Canada is turning into a battle for survival for many immigrants due to the high cost of living and rental shortages, as rising emigration numbers hints to newcomers being forced to turn their back on a country that they chose to make their adopted home.

Trudeau has made immigration his main weapon to blunt Canada's big challenge of an aging and slowing population, and it has also helped fuel economic growth. That drove Canada's population up at its fastest clip in more than six decades this year, Statistics Canada said.

But now a reversal of that trend is gradually taking hold. In the first six months of 2023 some 42,000 individuals departed Canada, adding to 93,818 people who left in 2022 and 85,927 exits in 2021, official data show.

The rate of immigrants leaving Canada hit a two-decade high in 2019, according to a recent report from the Institute for Canadian Citizenship (ICC), an immigration advocacy group. While the numbers went down during pandemic lockdowns, Statistics Canada data shows it is once again rising.

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[–] [email protected] 3 points 1 year ago

This is the best summary I could come up with:

Trudeau has made immigration his main weapon to blunt Canada's big challenge of an aging and slowing population, and it has also helped fuel economic growth.

Cara works three part-time jobs, making Ontario's minimum wage of C$16.55 per hour, and goes to an adult learning school to earn university credits.

While the numbers are small now, lawyers and immigration consultants warn that a pick-up could cast a shroud over Canada's appeal as the one of the favoured destinations for newcomers.

On average in Canada about 60% of household income would be needed to cover home ownership costs, a figure that rises to about 98% for Vancouver and 80% for Toronto, RBC said in a September report.

Myo Maung, 55, migrated to Canada from Myanmar over three decades ago and made a successful career as a real estate agent and a restaurateur.

Stankus, who pays C$2,000, including utilities, for a one-bedroom apartment, said increasing living expenses has made it difficult to afford basic necessities.

The original article contains 791 words, the summary contains 163 words. Saved 79%. I'm a bot and I'm open source!