Rising living costs prompt a reverse migration trend in Canada, with 42,000 departing in 2023. High housing expenses, reaching 60% of income, push individuals like Cara, a refugee, to reconsider. Trudeau's immigration plans face backlash as affordability concerns drive immigrants away, impacting Canada's allure.
#Canada #Costofliving #Canadacrisis #Reversemigration #JustinTrudeau #Canadanews #Worldnews #Oneindia #Oneindianews
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#Canada #Costofliving #Canadacrisis #Reversemigration #JustinTrudeau #Canadanews #Worldnews #Oneindia #Oneindianews
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NewsTranscript
00:00 Immigrants in Canada are facing a tough battle due to high living costs and rental shortages,
00:06 resulting in a rising trend of reverse immigration.
00:09 About 42,000 people have departed in the first half of 2023, joining the 93,818 who left
00:16 in 2022 and 85,927 in 2021.
00:20 The high cost of living, particularly housing expenses, is prompting many to consider leaving,
00:24 disrupting Canada's attractiveness as a favoured destination for newcomers.
00:28 The soaring expenses are pushing individuals like Cara, a 25-year-old refugee from Hong
00:32 Kong, to rethink their stay.
00:34 Paying $474 monthly for a basement room in Toronto, nearly 30 per cent of her income,
00:39 she finds it challenging to make ends meet while working three part-time jobs at Ontario's
00:44 minimum wage.
00:45 The steep housing costs, which demand about 60 per cent of household income on average,
00:49 are prompting long-term residents to consider retirement in countries like Thailand due
00:53 to financial constraints in Canada.
00:55 Justin Trudeau's government had aimed to counter the population ageing and growth slowdown
01:00 through increased immigration, but now it is witnessing a reverse trend.
01:04 Immigration through a small percentage of the overpopulation could still affect Canada's
01:07 appeal to newcomers.
01:08 While Trudeau's government has already capped new residents to elevate housing market pressure,
01:12 for some it's too late.
01:14 The situation is now exacerbating as rapid immigration aggravates the housing shortage,
01:18 leading individuals to reconsider their stay or seek alternatives abroad.
01:22 The struggle with affordability is driving immigrants to contemplate leaving Canada,
01:26 impacting the government's effort to retain newcomers and maintain its status as a preferred
01:30 destination for immigrants.
01:32 As individuals express feeling trapped, the increased cost of living is pushing many immigrants
01:37 to seek opportunities elsewhere now.
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