Canada grapples with rising departures as costs soar

Bangkok Post Group

The dream of making it big in Canada is turning into a battle for survival for many immigrants due to the high cost of living and rental shortages, forcing some newcomers to turn their back on a country that they chose to make their adopted home. - REUTERS

Transcript

00:00 I'm worried about the retirement as I get older because the living cost is extremely

00:16 high in Canada right now.

00:18 I'm looking at exploring the opportunities to retire in other countries.

00:26 Preferably somewhere in Asia or a lot of people I know also retired in South America as well.

00:37 I feel that as soon as it is no longer necessary for me to stay here, I'd prefer to go maybe

00:45 to Southeast Asia where I'm doing research for my thesis in political science.

00:52 Onward migration has been increasing slowly for decades but has really spiked in recent

00:59 years.

01:00 In 2017, 2018, 2019 we see surges 30-40% above the historical average.

01:06 That was before the pandemic, that was before interest rates rose so we can only speculate

01:10 that what's happening now is even worse than that.

01:13 [BLANK_AUDIO]

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