People from India as well as many other countries settle abroad in search of a better life.
Canada has been especially attracting the people of Punjab, but now living here means loosening up your wallet further. Due to rising house rents, many people are now leaving Canada.
Nearly 42,000 people left Canada in the first six months of 2023. The reason behind this is said to be the weak policies of the Justin Trudeau government and the rising cost of living.
Recently, tensions between Canada and India have increased after the claim regarding the killing of terrorist Hardeep Singh Nijjar, which has definitely affected the people going from India to Canada. Now reports are coming out that it has become very difficult for common people in Canada to survive.
Thousands of people are leaving Canada
People who spoke to Reuters news agency said the high cost of living is making it difficult for them to stay in Canada.
Let us tell you that Canada has an aging population and the economy there is largely dependent on immigrants, whereas people leaving Canada can prove to be a deep blow to the economy.
According to official data, about 42,000 people have left Canada in the first six months of 2023. Whereas last year in 2022, this figure was 93,818. If we talk about the year 2021, 85,927 people left Canada.
Pay rent 30 percent of salary
Many people are paying 30 percent of their salary only as house rent. Speaking to Reuters, Kara (name changed), a 25-year-old from Hong Kong, said she pays 650 Canadian dollars ($474) in rent for a one-room basement apartment in Scarborough, east of Toronto, which is almost her salary. Is 30 percent.
Kara says she was able to save about a third of her monthly salary in Hong Kong. The skyrocketing cost of housing has compounded their suffering.
For many people like Kara, it is now becoming difficult to obtain permanent residence in Canada. This is the reason why people have now started leaving Canada. Such people cite the skyrocketing house rental prices in Canada as the biggest reason for their decision to live in the new country.
RBC said in a September report that about 60% of the average household income in Canada will be needed to run a household, a figure that rises to about 98% for Vancouver and 80% for Toronto. Last month, Trudeau’s government called for reducing rental prices for new residents annually through 2025 to ease pressure on the housing market, but waiting two years is becoming too difficult for some people.