FSW WORLDWIDE

[imransyed]

And here I thought I was the only Canada bear on this forum after our friend left due to health issues.

I'm enjoying this slow crash. I've spoken to so many skilled and high earners on this forum and till this year, all their earnings could not keep up with the Realtors of the country. Imagine a top class engineer earning close to 500k an year and then we have shady as hell college diploma Realtors making MILLIONS in commission and fees with questionable IQ levels.

Canada is going to learn the hard way that engineers, MBAs, doctors and researchers is what generates organic wealth. I'm happy the folks on here will be comfortable despite this recession nonsense.
Meanwhile many Realtors are out there looking for jobs and driving uber eats coz it's over. Real Estate will be hated for the next few years if not decades.

 

[imransyed]

It shouldn't matter. PR is not a right but a privilege. Many foreign students / workers have to leave USA too (look at the recent layoffs and limited H-1B quotas). So they need to leave entitlement behind and face the reality of not getting a PR and leaving Canada. Also, Canada's deportation system and assessment of illegal refugees needs to be much more aggressive and faster than it is today.

No, I strongly disagree.
USA does not advertise its GC. Someone here said having a masters from USA has no bearing on your GC application.
Canadian government gives you extra points for having Canadian education and experience. These students are absolutely NOT entitled, the government is literally telling them come here, study, and you get more points for PR!
USA does not do that.
You guys are blaming the students because that's what everybody will do. It's easy to do so.
If you think Canadian public colleges and universities don't advertise the benefit of education in getting the PR in India, you should travel to India and talk to the agents there. Or just look at the crs score calculator.

 

[GandiBaat]

I'm enjoying this slow crash. I've spoken to so many skilled and high earners on this forum and till this year, all their earnings could not keep up with the Realtors of the country. Imagine a top class engineer earning close to 500k an year and then we have shady as hell college diploma Realtors making MILLIONS in commission and fees with questionable IQ levels.

its not the first time man. In years leading up to 2008, everyone and their grandmother wanted to join an investment bank of sorts. Managing money was the biggest brag and used to open doors and legs. It probably still is but the fascination is more in ChatGPT these days. Totally random grads with degrees in weird majors used to become hotshot traders. They used to think that they were gods. 1-2 million dollar bonuses were not unheard of. Phds in astrophysics and what not used to develop "models" which did valuation of "exotic" products. Everyone was convinced that these creatures were from Atlantis and born with 4 or 5 dicks and they could do no wrong. People who did not understand a shit about how these "exotics" were "structured" and "valued" jumped to bet billions of dollars on them. Crazy time. And then it blew up. Royally. Florida is just now recovering from the price levels of houses seen back then.

Worst part? Everyone was convinced that nothing could go wrong. They still are. Here in Canada. Certainly we will have a reckoning.

 

[iSaidGoodDay]

PR is a right. My pader sold his farm in Punjab so I can attend the pretigious University of Cornestoga and Lambtons. I worked in Tim Horton's as Supervisor for 2 years paying so much tax for Canada and benefiting Canada with my leadership traits. Meanwhile, I have bought a 2nd hand BMW on 10% interest mortgage to show on Insta and TikTok. Let's email all the ministers and CBC news as well to shine a light on our plight. /s

I hate that excuse tbh. Why make your father get a loan and gamble their money on lifestyle? I understand multi-generational living and the benefits of it, but people should work to get their own funds instead of putting their entire family in debt.

I've lived across US, UK and EU - when people used to ask me where are you from, I used to say "India". People used to say how hard-working we really are and the vibe was always good. The image was built by hardworking folks who were above a threshold so the world only knew about hardworking Indian immigrants. The zero quality filter has destroyed this image now in Canada.

It is harder for me as an Indian to move to Punjab or Kerala and live there right now(I once tried!), compared to a Punjabi or Malyali to move to Canada. That's how low the threshold really is for someone to come to Canada.

 

[imransyed]

its not the first time man. In years leading up to 2008, everyone and their grandmother wanted to join an investment bank of sorts. Managing money was the biggest brag and used to open doors and legs. It probably still is but the fascination is more in ChatGPT these days. Totally random grads with degrees in weird majors used to become hotshot traders. They used to think that they were gods. 1-2 million dollar bonuses were not unheard of. Phds in astrophysics and what not used to develop "models" which did valuation of "exotic" products. Everyone was convinced that these creatures were from Atlantis and born with 4 or 5 dicks and they could do no wrong. People who did not understand a shit about how these "exotics" were "structured" and "valued" jumped to bet billions of dollars on them. Crazy time. And then it blew up. Royally. Florida is just now recovering from the price levels of houses seen back then.

Worst part? Everyone was convinced that nothing could go wrong. They still are. Here in Canada. Certainly we will have a reckoning.

Yes sir, I've been reading about the Tulip mania, the 1920s stock market and Kuwait's stock market. Already read and understood as much as I can about 2008 and dot com. It's all the same.

But this is my first time and so far I'm very impressed with the sheer absurdity of it all. I was too young to understand dotcom and 2008 as they were transpiring. Canada's real estate bubble is the first one I'm personally experiencing and it's so much more painful to experience than to just read and learn about.

I understand the fascination with LLMs and ChatGPT but if it bursts, so far I don't think it'll hurt the economy of a country like this everything bubble's burst will. Eventually it might, and round and round we will go.

 

[Impatient Dankaroo]

I hate that excuse tbh. Why make your father get a loan and gamble their money on lifestyle? I understand multi-generational living and the benefits of it, but people should work to get their own funds instead of putting their entire family in debt.

I've lived across US, UK and EU - when people used to ask me where are you from, I used to say "India". People used to say how hard-working we really are and the vibe was always good. The image was built by hardworking folks who were above a threshold so the world only knew about hardworking Indian immigrants. The zero quality filter has destroyed this image now in Canada.

It is harder for me as an Indian to move to Punjab or Kerala and live there right now(I once tried!), compared to a Punjabi or Malyali to move to Canada. That's how low the threshold really is for someone to come to Canada.

Mate, it was [an attempt at] satire I'm not from Punjab and my father isn't a farmer. I fully agree with you. But I keep seeing news articles with stories like this and these people demand PR or something else from Canada.

 

[iSaidGoodDay]

Mate, it was [an attempt at] satire I'm not from Punjab and my father isn't a farmer. I fully agree with you. But I keep seeing news articles with stories like this and these people demand PR or something else from Canada.

I know, you are not Punjabi. I poorly worded it with "your" instead of "their".

 

[GandiBaat]

Yes sir, I've been reading about the Tulip mania, the 1920s stock market and Kuwait's stock market. Already read and understood as much as I can about 2008 and dot com. It's all the same.

But this is my first time and so far I'm very impressed with the sheer absurdity of it all. I was too young to understand dotcom and 2008 as they were transpiring. Canada's real estate bubble is the first one I'm personally experiencing and it's so much more painful to experience than to just read and learn about.

I understand the fascination with LLMs and ChatGPT but if it bursts, so far I don't think it'll hurt the economy of a country like this everything bubble's burst will. Eventually it might, and round and round we will go.

In 2018 or 2019, lots of people were convinced that mortgage interest rates will not go beyond 5% ever. I was not. And they did. Interest rates may go up even further.

 

[Alysson]

It shouldn't matter. PR is not a right but a privilege. Many foreign students / workers have to leave USA too (look at the recent layoffs and limited H-1B quotas). So they need to leave entitlement behind and face the reality of not getting a PR and leaving Canada. Also, Canada's deportation system and assessment of illegal refugees needs to be much more aggressive and faster than it is today.

One issue is they have extended PGWP for 3 years now. Those who have no chance at PR will just assume they are owed one. The government needs to rip off the bandaid and let it expire already.

 

[abhiram.kumar]

One issue is they have extended PGWP for 3 years now. Those who have no chance at PR will just assume they are owed one. The government needs to rip off the bandaid and let it expire already.

I have a feeling that because of their tanking poll numbers, they’re not going to extend the removal of work hour restrictions and the post graduate work permits. The liberals know that temporary migrants are now a huge issue and encouraging this form of immigration is political suicide. Based on the polls, the conservatives are already on their way to win a majority. This was not the case 6 months back.

 

[abhiram.kumar]

PR is a right. My pader sold his farm in Punjab so I can attend the pretigious University of Cornestoga and Lambtons. I worked in Tim Horton's as Supervisor for 2 years paying so much tax for Canada and benefiting Canada with my leadership traits. Meanwhile, I have bought a 2nd hand BMW on 10% interest mortgage to show on Insta and TikTok. Let's email all the ministers and CBC news as well to shine a light on our plight. /s

I seriously have no idea why these kids are so desperate to stay in Canada? I’ve seen how some of them live. There’s absolutely no improvement in their lives. They live in squalid conditions, work 3 jobs and are exploited to the max by other Indians. In what way is this lifestyle an improvement over India and what the hell are they even trying to achieve by being over here?

 

[iSaidGoodDay]

I have a feeling that because of their tanking poll numbers, they’re not going to extend the removal of work hour restrictions and the post graduate work permits. The liberals know that temporary migrants are now a huge issue and encouraging this form of immigration is political suicide. Based on the polls, the conservatives are already on their way to win a majority. This was not the case 6 months back.

I keep seeing this opinion, but for every statement Marc Miller makes that shows them taking a step in this direction, they take 2 steps in the completely opposite direction. I can't seem to make sense of this.

For example, they said they will cap. No province has appreciated the idea of a cap. The cries on labour shortage seemed to have killed this idea and there's no more news on it.

They also say "international students and housing crisis needs to be evaluated", then Marc Miller goes on a podcast and say "number of students isn't the problem, we need to hold the educational institutions accountable that are taking in more than expected". Then talks about capping diploma mills. Quite possible this dude comes up with a list of 20 institutes that are not allowed to get more than "X" number of international students, but at the same time they'll allow some other institutes to take in a lot more. The result could be net zero.

I'm confused and my colleagues in BC, ON are equally confused too.

 

[abhiram.kumar]

I keep seeing this opinion, but for every statement Marc Miller makes that shows them taking a step in this direction, they take 2 steps in the completely opposite direction. I can't seem to make sense of this.

For example, they said they will cap. No province has appreciated the idea of a cap. The cries on labour shortage seemed to have killed this idea and there's no more news on it.

They also say "international students and housing crisis needs to be evaluated", then Marc Miller goes on a podcast and say "number of students isn't the problem, we need to hold the educational institutions accountable that are taking in more than expected". Then talks about capping diploma mills. Quite possible this dude comes up with a list of 20 institutes that are not allowed to get more than "X" number of international students, but at the same time they'll allow some other institutes to take in a lot more. The result could be net zero.

I'm confused and my colleagues in BC, ON are equally confused too.

He’s right on one aspect. A blanket hard cap on all institutions probably won’t solve any issue. Tackling fraud in the system would eliminate all the garbage institutions from Canada. It’s like killing two birds with one stone. They’ve already developed the framework.

https://monitor.icef.com/2023/08/canada-to-modernise-student-visa-programme-with-trusted-institution-framework/

They’re going to regulate DLIs. The provincial regulatory framework is garbage. The Feds are going to place institutions into categories. One for “Trusted Institutions” and the other for the rest. Marc Miller claimed that trusted institutions would be rewarded and the ones which are not would be punished. What the punishment entails? We”ll probably know in the near future.

 

[abhiram.kumar]

I keep seeing this opinion, but for every statement Marc Miller makes that shows them taking a step in this direction, they take 2 steps in the completely opposite direction. I can't seem to make sense of this.

For example, they said they will cap. No province has appreciated the idea of a cap. The cries on labour shortage seemed to have killed this idea and there's no more news on it.

They also say "international students and housing crisis needs to be evaluated", then Marc Miller goes on a podcast and say "number of students isn't the problem, we need to hold the educational institutions accountable that are taking in more than expected". Then talks about capping diploma mills. Quite possible this dude comes up with a list of 20 institutes that are not allowed to get more than "X" number of international students, but at the same time they'll allow some other institutes to take in a lot more. The result could be net zero.

I'm confused and my colleagues in BC, ON are equally confused too.

He’s right on one aspect. A blanket hard cap on all institutions probably won’t solve any issue. Tackling fraud in the system would eliminate all the garbage institutions from Canada. It’s like killing two birds with one stone. They’ve already developed the framework.

https://monitor.icef.com/2023/08/canada-to-modernise-student-visa-programme-with-trusted-institution-framework/

They’re going to regulate DLIs. The provincial regulatory framework is garbage. The Feds are going to place institutions into categories. One for “Trusted Institutions” and the other for the rest. Marc Miller claimed that trusted institutions would be rewarded and the ones which are not would be punished. What the punishment entails? We”ll probably know in the near future.

An interesting point to note in that article is that the framework is also based on the idea that there is a greater need for diversification in the student population. Lol. They’ve basically admitted that there are too many people from India and that they need diversity in the student population. They can’t say the quiet part loud. This is their way of informally placing a country cap. They’re going to reward the institutions which recruit a diverse set of students and punish institutions which only recruit Indians.

 

[Alysson]

He’s right on one aspect. A blanket hard cap on all institutions probably won’t solve any issue. Tackling fraud in the system would eliminate all the garbage institutions from Canada. It’s like killing two birds with one stone. They’ve already developed the framework.

https://monitor.icef.com/2023/08/canada-to-modernise-student-visa-programme-with-trusted-institution-framework/

They’re going to regulate DLIs. The provincial regulatory framework is garbage. The Feds are going to place institutions into categories. One for “Trusted Institutions” and the other for the rest. Marc Miller claimed that trusted institutions would be rewarded and the ones which are not would be punished. What the punishment entails? We”ll probably know in the near future.

This is honestly the best way to deal with the situation. A school that loses their designation, loses their demand, cause no one will come study here if they can’t get a work permit from it. Though I’m sure removing a school’s designation would hardly happen and would be the last line of punishment.

Honestly, satellite colleges, that use a public college’s name, but are operated by a private entity should be required to get their own designation. These colleges just become diploma mills for international students, using the name of a public college from the middle of nowhere.