It entirely depends on your personal situation tbh, like it always has.
If you have the means to find a job or get into a business, the negativity or positivity shouldnt matter.
IT people have already spoken. From a non-IT sub 60k annual salary (median wage) perspective, it will be very tough. But still doable.
I got very sad and depressed after coming here and even having a job around the median wage of canada. I spoke to many people here and otherwise privately and got some insanely good advice. I got some books and got to the grind of making myself happy. I am still in a similar financially disastrous situation but my pov has changed a lot.
I am not saving anything, cant afford a studio apartment in the city I work in, eating out very less and have no vices. I will never be able to save enough for a downpayment here continuing on my current job trajectory but I asked myself, do i need to? I am single, I dont have anybody else's financial responsibility on me so that was a huge factor too. All the negativity is absolutely true and its even worse, but how does it affect me personally? That's how i decided to be at peace.
And downpayment will have to come from Bank of Mom and Dad or from my income outside Canada. This is fine by me too, I am not looking at real estate investment, only personal residence.
In the end, you are responsible only for yourself and your bills. If you can take care of that, mute the noise and do your thing. If you can't, then delay landing.
P.s. because of my subjective privileges, I am leaving Canada in Feb to be a part of my family's business in middle east, earn enough for a downpayment or even to buy cash outright, prepare for GMAT and/or upskill dramatically to come back in 2025-26 to get the passport.
Hopefully by then things macroeconomically should stabilize too. Right now the govt. is hell bent on increasing unemployment because of their covid mess. This does not really affect me but there is a general sense of growing despair in the country and I don't want to be a part of that.