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-   -   Will you still emigrate when the Canadian recession kicks in? (https://britishexpats.com/forum/canada-56/will-you-still-emigrate-when-canadian-recession-kicks-733741/)

el_richo Sep 27th 2011 7:13 am

Will you still emigrate when the Canadian recession kicks in?
 
As the title says, will all those looking to emigrate for more opportunities, etc etc etc, still leave a secure life, job, and family/friend support network when Canada falls into recession next year?

Mainly curious about those coming without work or on TWP's.

Are those already here looking for work or on TWP's nervous about job/financial security, especially after uprooting family to find the dream?

scribe123 Sep 27th 2011 8:01 am

Re: Will you still emigrate when the Canadian recession kicks in?
 
You speak like you have a crystal ball.

Surely nothing’s guaranteed until it happens, or has the Canadian government predicted this publicly?

Sometimes I think the media fuels things like this looking for a headline. Headlines will claim grim times ahead on the most speculative lines, and this snowballs until it hits consumer confidence, and that in turn hits market confidence etc…

crazydaving Sep 27th 2011 11:27 am

Re: Will you still emigrate when the Canadian recession kicks in?
 
Great topic! It depends entirely on where you're emigrating to province-wise, and what field of work you're in, and of course luck to some extent. I'm moving to Alberta in 2 years, and their 2008/9 recession hit pretty hard but the AB economy has now returned to near pre-recession levels. In any case, it seems the further away you are from the Eurozone when it implodes, the better...!

scribe123 Sep 27th 2011 12:54 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 
This is an interesting interview. Like the presenter says; I have to admire his honesty.

http://www.bbc.co.uk/news/business-15059135

Keith Sep 27th 2011 1:38 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by el_richo (Post 9643622)
As the title says, will all those looking to emigrate for more opportunities, etc etc etc, still leave a secure life, job, and family/friend support network when Canada falls into recession next year?

Mainly curious about those coming without work or on TWP's.

Are those already here looking for work or on TWP's nervous about job/financial security, especially after uprooting family to find the dream?

It will be a world wide recession not just Canadian, in fact Canada is better prepared to weather a recession than most countries and thats not just our politicians saying that it's also the opinion of the IMF.

dbd33 Sep 27th 2011 1:48 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 
Wouldn't it be best to emigrate to Canada when it's in recession and the UK is not? Finding a job in Canada at such a time might be difficult but a recession driving down the price of houses in Canada would be similar to a boom driving up house prices in the UK in that the relative advantage of moving would again be great.

MikeUK Sep 27th 2011 2:23 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by crazydaving (Post 9643880)
Great topic! It depends entirely on where you're emigrating to province-wise, and what field of work you're in, and of course luck to some extent. I'm moving to Alberta in 2 years, and their 2008/9 recession hit pretty hard but the AB economy has now returned to near pre-recession levels. In any case, it seems the further away you are from the Eurozone when it implodes, the better...!

yep Alberta get nailed hard in every recession
Industry goes down, less fuel required, Albertas only key industry closes up, shuts down projects, and slow production!

Soon as the world start turning again demand for fuel goes up and the industry opens up again

cheeky_monkey Sep 27th 2011 2:27 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by crazydaving (Post 9643880)
Great topic! It depends entirely on where you're emigrating to province-wise, and what field of work you're in, and of course luck to some extent. I'm moving to Alberta in 2 years, and their 2008/9 recession hit pretty hard but the AB economy has now returned to near pre-recession levels. In any case, it seems the further away you are from the Eurozone when it implodes, the better...!

Thats not strictly true..Alberta's economy is driven by oil..in a recession the price of oil will fall away as demand slumps therefore Alberta's economy can slump with it...even now i would say the economy in Alberta has not got back to anything like pre-recession levels of 2007-08.

Atlantic Xpat Sep 27th 2011 2:33 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by MikeUK (Post 9644162)
yep Alberta get nailed hard in every recession
Industry goes down, less fuel required, Albertas only key industry closes up, shuts down projects, and slow production!

Soon as the world start turning again demand for fuel goes up and the industry opens up again

What baffles me about the oil industry is that wouldn't a downturn be the perfect time to spend on some of those capital projects? Greater availability of labour, contractors etc, so reduced costs. In sensible measure this would seem to be the way to go, but as you say it's all boom or bust in that business.

Jingsamichty Sep 27th 2011 2:35 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by Atlantic Xpat (Post 9644177)
What baffles me about the oil industry is that wouldn't a downturn be the perfect time to spend on some of those capital projects? Greater availability of labour, contractors etc, so reduced costs. In sensible measure this would seem to be the way to go, but as you say it's all boom or bust in that business.

The oil companies that have ready cash do exactly that. The ones that need to borrow to finance capital projects find it much harder to do so in a downturn.

cheeky_monkey Sep 27th 2011 2:37 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by Atlantic Xpat (Post 9644177)
What baffles me about the oil industry is that wouldn't a downturn be the perfect time to spend on some of those capital projects? Greater availability of labour, contractors etc, so reduced costs. In sensible measure this would seem to be the way to go, but as you say it's all boom or bust in that business.

this is exactly what the gvot of Alberta are doing during aboom they are going to shut down all capital projects because of high cost and lack of skilled labour...and open them up in times of recession or slow growth.

YYZlover Sep 27th 2011 2:55 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by el_richo (Post 9643622)
As the title says, will all those looking to emigrate for more opportunities, etc etc etc, still leave a secure life, job, and family/friend support network when Canada falls into recession next year?

Mainly curious about those coming without work or on TWP's.

YES!

__TJ__ Sep 27th 2011 2:58 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 
We are coming over on a twp in dec and yes we are concerned but we are still doing it. As long as dh still has his job on the table, even if his wages are frozen, we will still be better off financially! In the uk in the last year he has lost over £100 a WEEK! he is doing the same hours, but the company have cut hourly rate, cut travelling time (80t crane limited to 35mph, it takes him an age to get to the job!) changed working practices to cut their pension liability and even make them bring their own coffee! (silly little thing but it irks!) losing over £5k a year thru no fault of his own sucks. And he is one of the lucky ones who still has his job.
There may well be costs in Canada that we haven't considered, but we think it will be worth the £15k it is costing to get us, the dog, and a container full of our worldly goods.
Rose coloured glasses, maybe, but they were only £40 from tescos;)

Piff Poff Sep 27th 2011 3:07 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by crazydaving (Post 9643880)
Great topic! It depends entirely on where you're emigrating to province-wise, and what field of work you're in, and of course luck to some extent. I'm moving to Alberta in 2 years, and their 2008/9 recession hit pretty hard but the AB economy has now returned to near pre-recession levels. In any case, it seems the further away you are from the Eurozone when it implodes, the better...!

I wouldn't say Alberta has returned to near pre recession levels in any shape or form. So far Alberta has managed to escape the worst of the recession, but people are scared, they are not spending as much on any level. A recent car auction we went to showed that in a couple of ways, those that could sit on their high end cars ($100k ish) left them at home, those that needed to sell them brought them out and were accepting half price for them. Many many more cars had no reserves, some of them good cars that previously would have commanded high dollars, reserve or not, they went cheap, it's very rare to see a Dodge in reasonable condition, no rust and the standard bad paint go for less then $10k, but we saw it happen.

Houses are cheaper than tax levels as well, ours was recently valued and one realtor came in at $20k than the city's tax level, not too happy about that:ohmy: The next couple we had round came in the same as the city, the city is usually 10-20K lower than the market.

There is a little more money around in the oil filed areas as more toys are about, but pre-recession, no way IMHO.

ultrarunner Sep 27th 2011 3:08 pm

Re: Will you still emigrate when the Canadian recession kicks in?
 

Originally Posted by __TJ__ (Post 9644247)
Rose coloured glasses, maybe, but they were only £40 from tescos;)


Hence you get what you pay for ? :rofl:


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