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Impatient Dankaroo

VIP Member
Jan 10, 2020
4,372
2,667
That saving part is only holding me back and you are right you cannot retire in any western country, Canada is definitely overrated .I can definitely agree with that .
What scares me about living in canada is if it going at this rate soon it will be like UK and you will reach a point where there is no comeback, I am in one of the immigration forums in Australia 70% of the people asking is from UK and 10-20% from canada how to escape. If you think canada is bad UK is in another league. If JT wins the next election and I don't get any where I will happily move back unless some miracle happens in my life
Are you still in canada or did you leave ?
I have also noticed many people from UK all trying to migrate to Canada or Australia recently pretty much in all forums. Situation is hella bad there. Soon it will come here too until we vote this motherchode Trudeau out
 
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seadrag0n

Champion Member
Mar 6, 2018
2,785
2,491
That saving part is only holding me back and you are right you cannot retire in any western country, Canada is definitely overrated .I can definitely agree with that .
What scares me about living in canada is if it going at this rate soon it will be like UK and you will reach a point where there is no comeback, I am in one of the immigration forums in Australia 70% of the people asking is from UK and 10-20% from canada how to escape. If you think canada is bad UK is in another league. If JT wins the next election and I don't get any where I will happily move back unless some miracle happens in my life
Are you still in canada or did you leave ?
I need to wait till I get my tax refund which will be around April so will leave in May.

Funny you say that. Things are getting really expensive in my home country compared to 7 years ago and its only an upper middle income country. In 20 years they aim to become developed and labor cost would probably get expensive (good for the people) by the time I retire.
I was talking specifically about India, not sure about other countries. From what I am seeing in salary trends, if you work in tech, you can easily earn 70% - 80% net of what you will earn in Canada with less than 1/10th of the living cost, this is even less for me because I don't have to pay any rent back home. In Canada, you have to pay more than half of your monthly pay in rent alone and grocery costs have doubled since I came here.
 
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PRANIT01

Champion Member
Apr 12, 2021
1,332
1,499
I'm a rent controlled house. Got a covid deal and yearly max increase of 2.5%. Unless, I'm buying a house/condo, I aint moving out lol. Paying 850/month (ea) for a decently sized 2 bedroom (w friend) at the heart of downtown.
But how did you get a rent controlled house in the 1st place ?
 

Impatient Dankaroo

VIP Member
Jan 10, 2020
4,372
2,667
But how did you get a rent controlled house in the 1st place ?
All ontario houses built before 2018 is rent controlled meaning they can increase max 2.5% per year. It’s getting a good starting lease amount that’s the challenge. Back in 2021 people were still shunning downtown so got it for cheap. Now you can’t get a room under 1200,1300. 1BR 2300
 

PRANIT01

Champion Member
Apr 12, 2021
1,332
1,499
All ontario houses built before 2018 is rent controlled meaning they can increase max 2.5% per year. It’s getting a good starting lease amount that’s the challenge. Back in 2021 people were still shunning downtown so got it for cheap. Now you can’t get a room under 1200,1300. 1BR 2300
But I have seen a lot of rooms for 800$ obviously it is not downtown torronto it is like 20-30 min from missisuaga while here a room in calgary is easily 800$ and it will easily increase to 1000 this yr .As I mentioned 1.2k is still okay when you look at the jobs there ,calgary is sitting on 6%+ unemployment and the city is dead ,I would really like to see the idiots who post things on calgary as a most livable place.the country is a damn overpriced freezer .My colleague said canada was an amazing place when he grew up this clown JT only burned it to ground.
 

Impatient Dankaroo

VIP Member
Jan 10, 2020
4,372
2,667
But I have seen a lot of rooms for 800$ obviously it is not downtown torronto it is like 20-30 min from missisuaga while here a room in calgary is easily 800$ and it will easily increase to 1000 this yr .As I mentioned 1.2k is still okay when you look at the jobs there ,calgary is sitting on 6%+ unemployment and the city is dead ,I would really like to see the idiots who post things on calgary as a most livable place.the country is a damn overpriced freezer .My colleague said canada was an amazing place when he grew up this clown JT only burned it to ground.
Calgary is good if you can own a house. My friend bought a place 1.5years ago. Already up 15-20% lol. Better returns than most stocks and ETF plus equity
 

PRANIT01

Champion Member
Apr 12, 2021
1,332
1,499
oh hai Pranit. i have a one bed one bath in torronto if you are interested. there's two people there living currently but you wont even notice them.
Lol I thought your rental business was in Vancouver lol , but just curious why can't I notice them lol are they truck drivers or what 14 day on 14 day off ?
 

RSub

Champion Member
Aug 23, 2021
2,113
2,646
USA
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CPC Ottawa
AOR Received.
12-11-2020
That saving part is only holding me back and you are right you cannot retire in any western country, Canada is definitely overrated .I can definitely agree with that .
What scares me about living in canada is if it going at this rate soon it will be like UK and you will reach a point where there is no comeback, I am in one of the immigration forums in Australia 70% of the people asking is from UK and 10-20% from canada how to escape. If you think canada is bad UK is in another league. If JT wins the next election and I don't get any where I will happily move back unless some miracle happens in my life
Are you still in canada or did you leave ?
What other western countries don’t have is America as its niebhour. Canada has America. We all have America. At some point most us will figure out a way to move to the US. With right planning, one can do well in the US.
 

PRANIT01

Champion Member
Apr 12, 2021
1,332
1,499
What other western countries don’t have is America as its niebhour. Canada has America. We all have America. At some point most us will figure out a way to move to the US. With right planning, one can do well in the US.
That is my only hope moving to the US.
 
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