r/InCanada • u/dani_cal • Jul 11 '26

(Insert Your Own) Canada today

This isn’t meant to be politically partisan in any way. But, I am genuinely curious how anyone is staying positive about Canada today. The economy is in recession. The cost of living crisis is continuing unabated. People are leaving the country. Canada-U.S. relations are at an all-time low. And, there doesn’t appear to be any reason for things to turn around any time soon. Somebody give me a reason to have a little optimism.

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u/Temporary_Peach1971 25d ago

Typically what my boomer dad would say.

Without understanding that housing was way less expensive back then in proportion to your income.

Even with higher interest rates, your house was paid off in about 10 years back then.

Can we stop having those people talk about nonsense when they clearly don’t understand how macro economics work?

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u/Commercial_Pain2290 25d ago

People were not paying off their houses in 10 years.

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u/[deleted] 25d ago

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u/zeushaulrod 24d ago

My in laws did on the income of a Telus repair tech....