Rental Wars! What Do You Get For Your Money? $800 - China VS Canada!
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- Опубликовано: 27 сен 2024
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Home ownership:
China: 96.0%
Canada: 66.5%
And there’s no property tax in China.
In Toronto, Canada the minimum wage is $17.00/hour now and if you work 40hours/week you get only $680.00 before taxes and with a minimum 16% taxation you are only left with $571.00/week which is roughly $2,284.00/month. There is 0% vacancy of rental units in the $1,500/month bracket in Toronto and Vancouver area. You would need to have a minimum wage of $33.25/hour or $5,320/month in order to afford any rental units and pay for your food and utilities.
Yeah, I saw that stat before.... Horrible. I didn't know the minimum wage had gone up. Even still, with no housing/rental controls the corporations and rich landlords are taking advantage. It is ridiculous... Thanks for sharing!
@@sirant The minimum wage went up on May 1st to $17.00/hour in Ontario and to $15.75/hour in Quebec. The Canadian Government will never be able to build sufficient affordable housing and whatever little amounts they build will take years and be over budget ! Canada should stop reinventing the wheel when China has a solution for them which can be built in less than a week ! ruclips.net/video/IJn2BzNhYjA/видео.html
@@sirant You can't blame the landlords because tenants actually have more power than landlords.with the current laws. Is it fair that the landlord can only raise the rent to 0.7% max per year while his property taxes are rising 5%-12% per year ? The system is so screwed up it is unreal. The provincial government is in charge of the rental board while the municipal government is charge of property taxation, the raises don't even match one another by a long shot !
The system is screwed up and the average landlord is not the problem. It is the corporate landlords who know every loophole in the system to take advantage of the system. The rent control in Ontario is actually 2.5%, not 0.7%, has been since the beginning of 2023. On top of that, "Any rental unit built after Nov. 15, 2018, is not subject to provincial rent control. That doesn't just mean a new apartment building, it also includes additions to existing buildings or an unfinished area like a basement or attic that's been converted into an apartment." (as per CBC news link to full article below) Landlords can also claim to be doing renovations to increase that 2.5% or if their property taxes go up, they are also allowed to increase rents once again to match. But the worst of all is that when a current tenant under rent control moves out, then the landlord can jack the price up as much as they want. With the current and ever growing housing crisis in Canada it leaves people terrified to have to leave their rent controlled apartments knowing full well they may never find the same pricing again. www.cbc.ca/news/canada/toronto/how-does-rent-control-in-ontario-work-1.6978670
@@sirant This is why landlords want to kick out long time tenants so they can renovate and increase the rents. The Quebec tenant board still lists the maximum rent increase at 0.7% and the new tenants can also ask the cost the rent of the previous tenant. I have friends who are landlords who can only charge $650/month long time tenants for a 5-1/2 while the landlord next door is charging $1500+ for the same arrangement of new tenants which doesn't seem fair at all. The city also passed by-laws that developer must allot 20% of their development to low income housing of face a fine, the developers would rather pay the fine. So as you can see they are trying pass everything onto the landlords while the government is doing dick all , but collect taxes. Low income housing is not the responsibility of developers or landlords the government at all levels should not be forcing developers to solve their issues and problems ! ruclips.net/video/TO-iq7O2FzY/видео.html
You can only get a single bedroom in someone's house for $800 per month in Toronto. An apartment like yours in Shenzhen would cost at least $3000 in Toronto.
At least!! A brand new apartment in a highrise I can't even imagine how much it would be. Other than too much!
sharing bathroom with others.
nasty!
I live in a subsidized housing unit for the elderly which is 30% of net income as per Notice of Assessment from the CRA (Canada Revenue Agency) here in Edmonton with the GEF (Greater Edmonton Foundation). I get the maximum of the minimum pension possible so I pay about $680 per month which includes electricity. I don't smoke nor drink and don't have a car and so, I can eat well and not worry. I have been thinking of going back to China as my family is from the Guangdong area of Toisan. I wonder what that would be like. Thanks for your insights and videos. Cheers from Edmonton. Go Oilers.
I am glad you found subsidized housing! I am quite afraid (especially as I am getting older myself) that it will become much harder to find in the future.... Thank you for visiting and your comment!
Man, those chinese tier 2 and tier 3 cities are really benifiting from the developing of infrastructures and advancement of technologies. So much so that they make the traditional tier 1 cities looks like shabby out-dated run-down neighbourhoods 😂😂😂
Very impressive! Can't wait for the factory tour!
Shenzhen in this video is the top first-tier city in China.
The other three top cities are Beijing, Shanghai and Guangzhou.
@@jogana6909 You are right! Shenzhen is the lastest addition to Chinese first tier cities (in 2019).
And its the yongest (population wise), most developed, and I would argue the most advanced out of the four. And many tier 2 or even 3 cities are on par from what I've seen.
I was just really imopressed by these newly developed cities!
I might just be able to avoid the traffic of commuting altogether! I am pretty sure I can ride my bike straight through that amazing park to work every day!
Subscribed. Cost of living crisis in Australia iseven worth. A small apartment （Like one bedroom and one small living room）in Brisbane （2nd tier city in Australia） costs around $2800 per month. If 3 bedrooms, it costs $4100, that's the average price, some apartments can cost much higher if location is better. I am talking about no furniture included at all.
It is amazing just how similar Australia and Canada are! I find so many similarities! Makes sense that a lot of my best friends in China have been Aussies! Thanks for your comment!
I live in Ireland the current rent for a 3 bedroom house is around €2500-3000. To rent a share room is around €400 to €600 .
Yikes! Sorry to hear it!
Not gonna lie, the Edmonton rental looks quite nice at that price. Coming from someone who lives in Vancouver😅
Yeah, prices in Van must be insane now, and living in the lower rent areas down right scary!
This Chinese student flies to school from Calgary to and back from Vancouver twice a week and saves a $1000 a month ! ...LoL
ruclips.net/video/s2aIQeIt65E/видео.html
I am not sure if you can rent anything rather than a single little room in someone’s house or apartment with cn$800 in Canada. The homeless population has visually increased in past ten years cross entire Canada, the worst would be the biggest cities like Toronto and Vancouver where the homelessness look disastrous.
I know, it's awful! Even when I left Canada in 2004, I was paying almost $700 a month for a studio apartment the size of my current bedroom.... It has apparently only gotten worse in the past 20 years....
love these comparison videos.. its not easy living in Toronto these days at all!
Glad you like them! It's hard all across Canada sadly, and with the useless politicians, not likely to get better....
OMG, your front door is more secure than most banks. You got a gold bed and bath room suite?
Very common here. In the older buildings there is also a gate in front of the door!
My daughter is paying $2000 monthly for a 30 square meter apartment - one bedroom. This is in a small town in Kingston, Ontario.
Does not surprise me at all!
My home Kunming known as good weather and flower ,capital of Yunnan province . $300 for rent a 120 square meter apartment . 3 bedrooms
Congrats Sirant it's a beautiful home 😀👍👍
Thank you!
My home Kunming known as good weather and flower ,capital of Yunnan province . $300 for rent a 120 square meter apartment . 3 bedrooms
Ooooh! Nice! Kunming is definitely in my travel plans! Eventually I would like to buy a small place to escape the southern heat in summertime!
Thanks!
No problem! Thank you!!
Nice!
Thank you! Cheers!
Perhaps it would be clearer to the viewers if you could present the house rental cost as an average persentage of NET household income for the comparison. Afterall, income levels and currencies are different between the two countries.
Hmm, I don't really think so, to be honest. This video is making a comparison of a single rental value, $800CAD (4300 RMB). It is not an in-depth study of the socioeconomic factors influenced by population, NET household incomes and currency values. That would be a MUCH longer video. My channel is more about sharing my own personal perspective and experiences.
Which Chinese city do u live?
To be fair, if you're living in a tier 3 Chinese city without a foreigner in sight then it's highly debatable if it's even worth it to move there. There's no way you can get a 3 bdrm new unit in any tier 1 city for $800.
In Vancouver, you can't even get a 1 bedroom shared unit for $800. 😂
SZ he said
Actually, I live in one of the Best (IMHO) Tier one cities in China, that being Shenzhen. Were I living in a Tier 3 city or smaller (which is my ultimate goal), I could pay substantially less. You right though, in my new neighborhood in BaoAn I will very likely be the only foreigner around, but honestly, I am OK with that personally. My mandarin is good enough I can (and do) function just fine in total immersion environments, and honestly, I enjoy it!
Shenzhen in this video is almost the city with the highest rent in China.
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There is a city in China called Hegang, where the cost of buying (NOT renting) a house is less than USD2,000.
Usually such a house includes a living room, two bedrooms, a kitchen and a bathroom.
In fact, many home-based workers (such as internet writers) choose to move to Hegang because it doesn't matter if they live in any city.
@@jogana6909 OOooh! I will check it out! I am more than happy to live in an environment like that! Just means more RUclips Videos!!
Nice. Where is it?
BaoAn district, Shenzhen.
@@sirant ic. Sha Jing area?
Near Shi Yan to be close to my new job
@@sirant oic. Congratulations 🎈
HEY BOSS THE APT IS BTF N AFFORABLE. FOR 3 BEDROOM FOR $800 DOLLARS THAT IS. CHEAP IN THE U.S. 3 BEDROOM APT FOR RENT COST $3.500 TO $4.500 THANKS FOR THE VIDEO CHEERS N HULALUIA
Yeah, getting expensive all over in the west. It's actually 4 bedrooms... 😜
Nice apartment. When i visited China in 2018 I noticed the lift area and foyers of most apartment blocks are bare concrete. But last year I noticed new apartments in Beijing and Shenyang have very nicely finished tiled and painted foyers.
Thanks for sharing
Lovely apartment. When are you moving in ?. Let us know, we come down for house warming party. I'll bring my own beer. I'm paying a lot more for my apartment and it only 1 bedroom !.
We are in the process of moving now! We have to buy appliances and furniture, but once that is in place, the movers are coming!!
I want to know more about the wooden tub that you plan on getting.
Oh I do love wooden bathtubs!! What they lack in length, they make up for in depth! I had a great one in the past that allowed me to soak completely up to my chin! Fit right into the shower stall! I found one very similar for sale in Canada, link below, but I will NOT be paying over $2000CAD for it it China!!! $200-$300 At Most! Amazing how overpriced Canada is for everything. www.homedepot.com/p/ALFI-BRAND-59-in-Wood-Flatbottom-Bathtub-in-Natural-Wood-AB1103/309479368
@@sirantvery cool
very nice. next time please show us what we can get for $300 USD. I'm a single man and will stay single until death so studio type better fits me. And as for furniture, all I need is a desk and a chair.
Well, far too many options to list or even look at, even at $300 per month. A lot really depends where you live and what neighborhood. In a smaller, tier 3 city, you could get a decent 2 bedroom+ for that money or less. Easily. Not so great if you are new to China and can't speak Chinese though, as foreigners would be few and far between. But even here in Shenzhen, in my neighborhood, close to shopping and the Metro, you can find a place like this for under $200US per month. sz.lianjia.com/zufang/SZ1891046865898569728.html?nav=0&unique_id=1c88e2e5-2dc7-440a-a6d2-0d07476e8ef0zufangrp21717417762092
That is an amazing view!!!
It really is!