Home » Business » Frustrated Immigrant with $230,000 Income Returns to India Due to Housing Prices in Canada: Warns Others

Frustrated Immigrant with $230,000 Income Returns to India Due to Housing Prices in Canada: Warns Others

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A new arrival says the family income of $230,000 a year is not enough, given the high price of the real estate market, so he is returning to live in India.

And the man behind Canada has proven itself – who appears on various social media platforms – posted that international students and workers should reconsider their plans to move to Canada.

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“Despite having [a] With a combined family income of $230,000, my wife and I decided to return to India,” he said in a statement. videowhich has been viewed more than 52,000 times on X.

“It seems impractical to spend millions of dollars on a home and commit to a lifetime mortgage, especially considering that even with our income, affording a detached home is out of reach standard in the Greater Toronto Area. »

He issued a dire warning to his thousands of supporters.

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“I strongly advise students and workers considering moving to Canada – especially those in uncertain situations – to carefully reconsider your decision before taking the plunge into this unknown.”

He acknowledged that things were different in the past.

“Opportunities were abundant, inflation was not as high, and government challenges were less prevalent. »

He cautioned those fresh out of post-secondary school and with a starting salary of $30,000 to stay in India.

“I once was in the same uncertain situation as many of you are today; unfortunately, no one has shared the honest ideas I am proposing here,” he explained. “This seductive picture that people have shown paints a rosy picture, but the harsh reality is quite the opposite. »

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He added: “It is crucial to think twice, as it could lead to significant financial losses and job instability. Many are on the verge of depression, a struggle hidden from their families. »

Immigration Minister Marc Miller announced Monday that Canada would establish a two-year cap on international student admissions It’s meant to give the federal and provincial governments time to rein in a system he says profits from high tuition fees while providing, in some cases, a mediocre education.

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2024-01-24 00:33:44
#HARD #REALITY #Man #warns #Indians #avoid #Toronto

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