Cost of Living Crisis: Canadians Finding New Homes Abroad

 Overview




Over the recent decades, numerous people around the world started to notice a significant increase in the cost of living, which is affecting their lives and causing stress and insecurities as they are struggling to keep up with day-to-day life and fulfill their basic needs.


The cost of living is considered an umbrella term as it revolves around various aspects of life; it refers to the money needed for essentials such as housing,  food, and affording bills from electricity, water service, the internet, as well as healthcare. Also, the cost of living can definitely vary from location to location; some may be cheaper or more expensive.


According to recent statistics, the cost of living started to witness a considerable increase all over the world in both developed and developing countries. Among these countries is Canada, which has been notorious for the ever-rising cost of living in numerous aspects, especially in housing. 





Canada : The Increasing Cost Of Living




The cost of living definitely plays a major role in determining people's living standards and lifestyle quality, as it affects numerous aspects of life.


Lately, the escalating cost of living has been a prominent phenomenon in various countries and regions around the globe. Many people started to notice a huge increase in prices when it comes to basic necessities.


Canada is one of the most important destinations for immigrants seeking better living conditions and amazing opportunities. Some may refer to moving to Canada as the Canadian dream. Unfortunately this dream.



Unfortunately, this dream will cease to exist, and this will deter a large number of immigrants and even local citizens who started to settle elsewhere as the cost of living continues to increase significantly, especially over the recent decades.



One of the most important aspects of the cost of living increase is housing, as large numbers of people—immigrants and locals alike—started to struggle to afford a house. According to recent statistics, newcomers are more prone to leaving their province to look for a more affordable region.



The cost of housing in Canada has become more expensive in recent years as more people struggle to afford a house. Even budget houses are becoming more difficult to afford. As a result, many people are on the verge of being homeless due to escalating housing prices. Nearly 40% of newcomers stated that they are planning on leaving the country due to the huge increase in housing prices.



The Canadian real estate association, also known as CREA, says the price of the average home in Canada reached more than 700.000 USD, and rent prices have increased by 17%, which makes it harder for newcomers to afford a place to live since a large portion of them rent their accommodations.




Bottomline




The ever increasing cost of living in Canada has presented a major issue for local people and an obstacle for newcomers as it deters most immigrants from looking for a better opportunity in Canada.


Life in Canada has started to be a battle for survival as people are struggling to afford housing and basic necessities. 

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Culinary Oddities: The World's Strangest Delicacies

  Overview Visiting various regions of the world is definitely one of the most exciting and thrilling experiences.Each country has its charm in its own right as it provides visitors with the opportunity to unravel the hidden gems of the region. Embarking on a journey to unravel the mysteries of the different regions of the world allows us to connect with their historical and cultural heritage.Many aspects play an important role in distinguishing each region.Aspects such as unique landscape, music, rich history, and cuisine, which illustrate the region’s traditional heritage and play a major role in portraying the region’s identity. Dishes around the world are indeed an amazing part of discovering various regions as they shed light on the culture and traditions of the regions.There are numerous unique and even strange delicacies making each region stand out. Strange and Unique Dishes around the Globe  Cuisines around the world allow you to immerse yourself in various local dish...
Lire la suite

How AI is Revolutionizing Healthcare Amidst Global Pandemics

  Overview Lately technological developments and innovations have been witnessing significant growth and revolutionizing numerous fields and industries around the world.This mainly attributed to the ongoing scientific research and new features and strategies to further improve products and services. One of the most important holy grails of technological advancements is definitely the incorporation of AI also known as (artificial intelligence).This new feature has been playing a key role in the development of various industries particularly healthcare services and the pharmaceutical industry. The implementation of AI brought numerous technological developments and innovations to the healthcare system improving services and paving the way for better and more effective healthcare.Thanks to AI pharmaceutical industries and drug companies are able to track and control dangerous pathogens and  pandemics such as COVID19. Artificial Intelligence : A powerful Weapon Against pandemics A...
Lire la suite

The Evolution Of Social Media: From Facebook To Tiktok

  Overview Social media has come a long way; it is a fundamental aspect of technological development and has been playing a key role in connecting people from all over the globe, overcoming all frontiers. Communication is a crucial part of our lives, and the need to connect with people from all over the world regardless of their ethnicity, race, or nationality urged developers and technological industries to develop and improve social media platforms. The monumental emergence and innovations of social media platforms made it possible for numerous communities to connect with each other, sharing ideas, life experiences, thoughts, and much more. Furthermore, social media mirrors the substantial development of human communication. Social Media Platforms: Development and Innovation It should not come as a surprise that social media platforms quickly gained noticeable popularity and became an innovative means of communication among people from all corners of the world, given their ease o...
Lire la suite