Ontario has 250k new immigrants a year pumping demand. And is the country powerhouse. When the country’s econ is less than ideal, ppl move to Ontario for better pay and/or fitting jobs. It will be the last province to fall.
Discussion
Idk - Alberta has real jobs and less government. Market is backed by oil and maintenance of entire energy infrastructure.
And Nova Scotia hasn’t really even seen much of a real estate boom, so I doubt we’ll see much of a crash there.
In my regarded opinion it’s B.C. and Ontario that will see the most damage
Agree.
That’s not true — prices in Halifax and surrounding area have about doubled in the last 5 years. Same with rent. The rest of NS not so much. Although wolfville, and south shore (Mahone bay and lunenberg) have also gone up quite a bit
Don’t get me wrong, I like all the things there. But, it’s hard to attract ppl in the Ontario scale, It’s too cold, land locked, no pipes, not many other industries, etc…
Alberta is definitely making a case for itself. People moving North often consider it. Politics could push people there eventually.
GTAers love the commie stuff.
Ontarios is run by unions and the manufacturing sector has been hollowed out as a result.
Unions only accelerate automation. Public sector unions are the real desease.
Could not agree more.
💯.
I’m certainly not a big believer in unions but there is something to say for organizing in the name of closing the gap that exists because wages lag inflation. Companies will absolutely underpay their employees for as long as they can get away with it.
However, fiat unions are a disease.
Public sector unions are the real problem. Governments are not allow to fail like businesses. You can’t just fire management. You can’t shrink it. Etc…
This is the argument unions have professed since their inception. They may have served a purpose before, but I don’t think so anymore. When I taught in one particular province my union took 10% of my paycheque. They then decided to go on strike and forced me to picket and wouldn’t let me coach any sports after school. I haven’t taught in the public sector since. I work at a private school, on a yearly contract that gets renewed each year, no tenure, and get a bonus based on performance.
I don’t think what I do is right for everyone and unions may be helpful for some, but I hated the lack of control and their ability to affect my decisions.
Moffat just posted date saying record numbers of people are leaving Ontario for other provinces. A net difference around 80k over those coming in from other provinces.
National immigration is probably still offsetting it though.
Also noticed a trend of people moving north.
No one wants to live in a covid anti-freedom area especially in 2023.
Sadly, lots of ppl do.
Was wild for me to watch NHL games on TV with no fans in the arenas when the games were in Montreal when literally every NHL stadium in the US was sold out post-covid.
It’s waning though. Cost of living, and ever higher taxes, are hurting.
Yes, center north Ontario is growing fast.
Ontario’s the most indebted province in the country and the manufacturing sector has been hollowed out.