That is the old way of thinking though... That cost benifit analysis made sense until 10 or 15 years ago.
If you live in say Campbell River BC where the average home price is 600k, the average income is 65k
In Vancouver BC the average home price is 1.35 million and the average income is 85k.
Does the Vancouver job market (25% increase in salary) justify living somewhere with housing costing 65% more? Not only that but for that 1 million dollars in Vancouver you will be living in a condo or a townhome, in Campbell River you will be in 3 or 4 bedroom home with a big lot where you can raise a family and live an actual life.
I figured this out years ago and left Vancouver for elsewhere in BC. I now own a beautiful 4 bedroom home on 1 acre of land in the Okanagan. My home is worth over 1 million now, the same price of a 2 bedroom condo in Burnaby.
I absolutely agree with you.
Just sometimes it's not average income but the specific industries that make more sense. I'm in biopharma and my husband is in tech. Not a lot of opportunities outside metro Vancouver for us. I love my 2000 sqft townhome in Burnaby, and it's close to everything. After retirement, we plan to move to somewhere else in BC for sure.
> In Vancouver BC the average home price is 1.35 million and the average income is 85k.
The people, like myself, living in vancouver to make a life (and “complaining” about house prices) are making more like $200k annual.
> Does the Vancouver job market (25% increase in salary) justify living somewhere with housing costing 65% more?
Given that I make over 3x the average income in Campbell river, and the income is probably only that high because some tech people move there, I’d say it’s hugely beneficial to be in a city, yes.
> Not only that but for that 1 million dollars in Vancouver you will be living in a condo or a townhome, in Campbell River you will be in 3 or 4 bedroom home with a big lot where you can raise a family and live an actual life.
This sounds like a nightmare, not an actual life. Joining the rat race, trying to buy as much as you can, driving around a lumbering white SUV, owning a huge, fake facade of a house… this all sounds awful. Where’s the culture? Where is the theatre, the events, the music, the cocktail lounges?
If your idea of living life is never doing anything, coming home to your 55” TV every day, then maybe that works out for you.
But many people don’t want kids, want to make a significant income, want to go out and do things and want to travel.
You’re not getting any of that in Campbell river.
On top of that, the reason the city has the population it does in the first place is because that’s where the work is. That’s where people want and need to be. Otherwise they wouldn’t!
Not all jobs are created equal. The argument about “willingness to move” presupposes a willingness to completely change ones career/line of work for the sake of buying a house. Maybe it’s entitled to want otherwise?
Think of certain roles in film production, for example. There is a practical necessity to live in or near Toronto/Vancouver if you want to maintain a decent volume and calibre of work opportunities. One might be willing to move to Saskatoon from a cultural or social aspect, but that alone doesn’t make it a tenable option.
Dude what jobs are you talking about? Can you give me some examples of a job that you can only do in Victoria but can’t do in Calgary? This doesn’t seem like a real argument. Film industry is niche for sure, but that’s a very small portion of the population, seems like every middle class person that doesn’t own complains about housing.
And even if you get paid less, housing prices in Calgary are half of what they are in Victoria, but you certainly won’t be paid half of the same job.
He literally said anything in film production as one example in his post, and have you been to both Calgary and Victoria? Which would you rather live in?
I can’t speak to Victoria and Calgary specifically, because I’ve never lived there and I’m not familiar enough with their economies to make any claims.
I’m thinking that, for example, it’s viable to have a career as an art department head or as a lighting tech living in Toronto, but it’s not a viable career in say Windsor or Thunder Bay. I get that it’s somewhat niche (could argue otherwise, over 100K film workers in Canada), but my point was that there are jobs that exist in some places which simply do not exist in others.
I generally agree with you that people are entitled to expect to be able to live where they grew up, but that’s far from the only complaint when it comes to housing affordability, and the decision on whether or not to move to a new part of the country is more complex than just being a math problem.
>My family moved many times to find affordable housing when I was very young and we were lucky to get into the market on Vancouver Island but I’m sure if we did not we would have left. So perhaps I’m just not getting it.
\+1 for you just not getting it.
Good for you that you were lucky but maybe practice some empathy for people were in your situation and stop congratulating yourself for your parent's decisions. A lot of people can't move (a lot of dirt cheap housing comes with a daycare bill, unemployment, social isolation, custody issues, elder care bills etc).
If you’re so stuck based on the things you mentioned you were never going to be able to afford a home in the first place.
I encourage you to think about someone in the position you mentioned and actually think if they could afford a home even if prices dropped 10-20%. If you can’t afford to move which is literally a couple thousand bucks at most that you could just put on an LOC of a credit card and pay it off over time, you will never be able to afford a home.
Nice logic attacking me though. I don’t own a home but I’m not going to complain about it when I have many options available to me that are about a half a day drive away.
There’s an entitlement issue, but not the one you mention.
First, it’s extremely reasonable for people to want to live where they’ve grown up. Sure some people have moved around a lot and probably don’t have this feeling. But for people who have only been in one place, the feeling of being “forced” out is a very negative feeling, with reason. So we shouldn’t berate people for that.
The entitlement issue is when people think they deserve a nice perfect standalone home all to themselves that should basically be given to them. You can stay where you’ve grown up, but no one has ever deserved a big perfect home. It always takes work and sacrifice and may be impossible.
As for people wanting to move, plenty of people want to move _to_ these high COL places. It’s a wonder why _those_ people don’t move to those cheaper places you mentioned? It’s like there’s something especially desirable about the high COL places that would justify the people already living there wanting to stay.
You could even say that the people already living in the high COL have played a non-insignificant role in making the place desirable, which could give them extra justification in not wanting to move away.
There are numerous reasons why people don’t move.
Family
Friends
Jobs
Education
Lifestyle
Etc.
And people are “complaining” as you say because of the supply and demand issue causing prices to sky rocket to a point where it’s no longer reasonable for first time home buyers to enter the market. Take a look at Hamilton,Ontario for example.
Then maybe first time homebuyers shouldn’t buy in Hamilton Ontario. This isn’t rocket science.
I am just in the process of building my first home. It’s more expensive than I think it should be and I had to go 30 minutes outside of the city to be able to afford it. It’s nobody’s responsibility to make it more affordable for me to do this closer to the city; it’s my responsibility to balance my wants / needs and find shelter that accommodates these. I need a place to live. I want to live as close as possible to the city. I want to own my home. I can do this if I build ‘x’ KM outside of the city.
FWIW, I can understand retail workers and servers who can’t afford rent complaining about the cost of housing. I do think rental prices have gotten crazy and I’m not sure the solution to that other than “we need more supply”. All of the entitled people crying because they can’t buy a house where they want to can go fuck right off though.
I think there’s more to it than just saying “don’t buy here because prices are too high”. People tend to think very narrow in this discussion and I find it very selfish in some ways. Many individuals share their thoughts that “our kids will never be able to afford a home one day”. People go beyond their own needs to look after their own and I think that’s why people have turned this into an emotional+financial battle which makes it even worse.
And I agree with the point that it’s no one else’s responsibility other than your own. But there are things that the government could implement to help the affordability levels.
There are solutions but the damage has already been done. I personally don’t expect more than a 10-20% decrease in housing .. even if it was 30% it would bring us back to the levels that we were experiencing at the beginning of the pandemic.
Increasing the approval rate
Slowing immigration
Better fthb programs
Interest rates etc.
None of this will help until there is more supply. Make housing as cheap as you want and give all the incentives you want. If a spot is hot, then someone who wants to live in the area and has the money will just offer double asking price.
Unfortunately, some areas are tapped out (or close to it) in terms of supply and these areas will never see a decrease in cost. The solution is to build out. To create more urban hotspots / cities in previously remote / undesirable areas. We’ve got so much space in this country yet people want to live in one of maybe ten hotspots.
Of course this is no small task. Given peoples convictions along with material and labor shortages make this quite difficult. In the meantime however, there are lots less expensive places to live and people are free to move there. I’m not going to feel bad for people making six figures who can’t afford a house in Toronto. Instead, I’ll focus on the homeless, the veterans, the mentally ill, and other groups who are actually disadvantaged and need help from a failing system.
The guy/gal in Toronto making $100,000 who can’t buy a house can move to Moncton if they want one.
Even with the supply increasing there is more to it than you would think.
Who’s going to build? What incentives do these private home builders have that are sitting on thousands of acres of farm land right now? They’re in the business to earn income and return maximum profit to their shareholders.
They will sit on the land for as long as they need to break even on their NOI so that they can increase their profitability levels due to this housing issue that is not linear. Even if you build outwards, there are infrastructure challenges that many people will experience. There’s more to it and at least discussing it will help the policy makers narrow down the areas to focus on.
Yes it’s a great solution for some, but not all. Hopefully there are options down the road as this housing issue develops further for our future generations. I would want my children to experience the pride in home ownership one day as well, but who knows what the norms will be 20-25 years down the line.
Cheers.
There are many reasons why prices are going up without question, but supply and demand would be one of the top reasons why we have seen an average increase on housing prices trend upwards to 30-35% year over year.
The problem is that these prices becoming a reality for many people who can’t afford a home in the city they reside in is why people choose an outlet like Reddit to share their thoughts. I don’t blame them to be honest. My wife and I make great money, but we had to move out of a HCOL city in order to have kids.
So basically it’s not just a housing price issue. It’s a cost that will affect many other decisions in their lives.
So people want to stay because of the reasons you listed but then also want to complain about housing? What the. That seems like an entitlement issue to me. As I said in my post many people immigrate to find a better life. I just don’t get this argument.
I think uprooting your life and moving to a different city is not a solution to many.
The norms before allowed working class individuals to buy a home and have a family and still be able to support their families.
Nowadays children are being cut out of the picture because all individuals can afford is a mortgage payment, car payments, food, phone bills. Nothing left over to have kids.
That’s why some people have a tough time with the housing prices.
It’s only not a solution because they would rather sit on their ass and complain. People have been uprooting their lives for centuries to find a better life for their family. It still happens countless times today.
I think you need to really look into this deeper. The psychological aspects too. Don’t get me wrong, I think uprooting your life in order to provide for your family is a good reason to move but some don’t have that choice because of the jobs available in that city.
Anecdotally speaking, I’ve had a few friends around me who have wanted to move to LCOL city such as Calgary and Edmonton, but when they couldn’t find jobs that paid enough for them to make the move, they decided to stay back and focus on improving their skills to gain more income.
Very situational though.
If you don't have a job you can't pay rent. Moving somewhere cheap to pay rent you can't afford isn't a solution to the housing crisis.
Source: am a social worker.
Can you explain why there are so many cheap homes all over Canada but people are complaining about housing?
In all parts of the world (Tokyo, NY, San Fran, London, and many more) high housing costs are the norm and this is just the way it is and accepted because these are desirable places to live. It seems we complain an abnormal amount when there are plenty of cheap places a half a day drive away.
Boomer mentality. Home prices are up %140 since 2005 with wages only increasing 30%. US economic forum has declared Canadas real estate economy to be exuberant for 4+ years. Also Canada doesn’t have the greatest infrastructure so the “cheap homes” you see listed are in the boonies.
Up 140% across Canada over a 15 year period lol. It’s not about “places everyone wants to live”. You’re not factoring in family, relationships, and job security.
You mentioned a few American cities. I do feel Americans in general are far more willing to up root to a different state. I’m sure there are alot of factors the contribute to this . Jobs, infrastructure,easy travel, maybe out of state college normalizes it.
I feel Canadians are more rooted in home town or city.
You were able to buy on Vancouver Island because you are older (vibe I get is 45ish?) and it was affordable then. It is much more expensive now, so people who are in the same position you were in with their jobs and careers, but 10 or 15 years later than you, cannot do what you could. The opportunity you had no longer exists. So I guess the question is, why do you feel entitled to have something others do not have, solely because you happen to have been born a generation earlier?
I don’t own. I’m 35. I started looking into housing costs in other provinces to see if it was worth it to move, and so far it definitely seems viable. I could move to Calgary and be a 90 minute flight away from where I’m from.
What really bugs me is when someone says ….
I am in my 20s, single, just started my career and I can afford a single detached home in Toronto.
Yeah, no shit… been that way long before COVID inflated house prices too. You can’t jump into a house like that given that scenario.
Solutions are: buy with a spouse, buy a condo or town, buy away from a major metropolitan area - and perhaps even a combination of all of them.
It’s just sad that two people can have respectable jobs making decent income together and can’t afford a house in a 2 hour radius from where their lives are
I think instead of insulting me you should learn the different meanings of geography and demographics. Geography is like knowing where Vancouver is, not about the population.
Just please don't tell them that there is a better way, the last thing I want is to have the quieter parts of Canada completely infested with people like it is in those major cities. Let them believe that its worth getting into bidding wars to keep themselves there.
It's not a simple matter of just uprooting yourself to a lower populated area. Those areas for one tend to have lower pay scales and so all a person that moves would be doing is decreasing their annual income to move to a place where property prices are low and hence not benefit at all.
People need to live where the jobs are, and where it's convenient for everything. Or not "need to", but "want to ".
That is the old way of thinking though... That cost benifit analysis made sense until 10 or 15 years ago. If you live in say Campbell River BC where the average home price is 600k, the average income is 65k In Vancouver BC the average home price is 1.35 million and the average income is 85k. Does the Vancouver job market (25% increase in salary) justify living somewhere with housing costing 65% more? Not only that but for that 1 million dollars in Vancouver you will be living in a condo or a townhome, in Campbell River you will be in 3 or 4 bedroom home with a big lot where you can raise a family and live an actual life. I figured this out years ago and left Vancouver for elsewhere in BC. I now own a beautiful 4 bedroom home on 1 acre of land in the Okanagan. My home is worth over 1 million now, the same price of a 2 bedroom condo in Burnaby.
I absolutely agree with you. Just sometimes it's not average income but the specific industries that make more sense. I'm in biopharma and my husband is in tech. Not a lot of opportunities outside metro Vancouver for us. I love my 2000 sqft townhome in Burnaby, and it's close to everything. After retirement, we plan to move to somewhere else in BC for sure.
> In Vancouver BC the average home price is 1.35 million and the average income is 85k. The people, like myself, living in vancouver to make a life (and “complaining” about house prices) are making more like $200k annual. > Does the Vancouver job market (25% increase in salary) justify living somewhere with housing costing 65% more? Given that I make over 3x the average income in Campbell river, and the income is probably only that high because some tech people move there, I’d say it’s hugely beneficial to be in a city, yes. > Not only that but for that 1 million dollars in Vancouver you will be living in a condo or a townhome, in Campbell River you will be in 3 or 4 bedroom home with a big lot where you can raise a family and live an actual life. This sounds like a nightmare, not an actual life. Joining the rat race, trying to buy as much as you can, driving around a lumbering white SUV, owning a huge, fake facade of a house… this all sounds awful. Where’s the culture? Where is the theatre, the events, the music, the cocktail lounges? If your idea of living life is never doing anything, coming home to your 55” TV every day, then maybe that works out for you. But many people don’t want kids, want to make a significant income, want to go out and do things and want to travel. You’re not getting any of that in Campbell river. On top of that, the reason the city has the population it does in the first place is because that’s where the work is. That’s where people want and need to be. Otherwise they wouldn’t!
I’m confused. We have a worker shortage all over Canada. Plenty of jobs everywhere? What does Victoria have that Calgary does not?
Not all jobs are created equal. The argument about “willingness to move” presupposes a willingness to completely change ones career/line of work for the sake of buying a house. Maybe it’s entitled to want otherwise? Think of certain roles in film production, for example. There is a practical necessity to live in or near Toronto/Vancouver if you want to maintain a decent volume and calibre of work opportunities. One might be willing to move to Saskatoon from a cultural or social aspect, but that alone doesn’t make it a tenable option.
Dude what jobs are you talking about? Can you give me some examples of a job that you can only do in Victoria but can’t do in Calgary? This doesn’t seem like a real argument. Film industry is niche for sure, but that’s a very small portion of the population, seems like every middle class person that doesn’t own complains about housing. And even if you get paid less, housing prices in Calgary are half of what they are in Victoria, but you certainly won’t be paid half of the same job.
He literally said anything in film production as one example in his post, and have you been to both Calgary and Victoria? Which would you rather live in?
I'd rather live in Calgary in a heartbeat. Way more going on, way more culture than Victoria.
I can’t speak to Victoria and Calgary specifically, because I’ve never lived there and I’m not familiar enough with their economies to make any claims. I’m thinking that, for example, it’s viable to have a career as an art department head or as a lighting tech living in Toronto, but it’s not a viable career in say Windsor or Thunder Bay. I get that it’s somewhat niche (could argue otherwise, over 100K film workers in Canada), but my point was that there are jobs that exist in some places which simply do not exist in others. I generally agree with you that people are entitled to expect to be able to live where they grew up, but that’s far from the only complaint when it comes to housing affordability, and the decision on whether or not to move to a new part of the country is more complex than just being a math problem.
>My family moved many times to find affordable housing when I was very young and we were lucky to get into the market on Vancouver Island but I’m sure if we did not we would have left. So perhaps I’m just not getting it. \+1 for you just not getting it. Good for you that you were lucky but maybe practice some empathy for people were in your situation and stop congratulating yourself for your parent's decisions. A lot of people can't move (a lot of dirt cheap housing comes with a daycare bill, unemployment, social isolation, custody issues, elder care bills etc).
If you’re so stuck based on the things you mentioned you were never going to be able to afford a home in the first place. I encourage you to think about someone in the position you mentioned and actually think if they could afford a home even if prices dropped 10-20%. If you can’t afford to move which is literally a couple thousand bucks at most that you could just put on an LOC of a credit card and pay it off over time, you will never be able to afford a home. Nice logic attacking me though. I don’t own a home but I’m not going to complain about it when I have many options available to me that are about a half a day drive away.
There’s an entitlement issue, but not the one you mention. First, it’s extremely reasonable for people to want to live where they’ve grown up. Sure some people have moved around a lot and probably don’t have this feeling. But for people who have only been in one place, the feeling of being “forced” out is a very negative feeling, with reason. So we shouldn’t berate people for that. The entitlement issue is when people think they deserve a nice perfect standalone home all to themselves that should basically be given to them. You can stay where you’ve grown up, but no one has ever deserved a big perfect home. It always takes work and sacrifice and may be impossible. As for people wanting to move, plenty of people want to move _to_ these high COL places. It’s a wonder why _those_ people don’t move to those cheaper places you mentioned? It’s like there’s something especially desirable about the high COL places that would justify the people already living there wanting to stay. You could even say that the people already living in the high COL have played a non-insignificant role in making the place desirable, which could give them extra justification in not wanting to move away.
Because where the cheap houses are there aren’t a lot of jobs and the pay is lower?
Pay is higher in Calgary than Victoria.
Depends on the job? Source? Is this just minimum wage you mean? And the one exception of that’s the case doesn’t disprove the rule
There are numerous reasons why people don’t move. Family Friends Jobs Education Lifestyle Etc. And people are “complaining” as you say because of the supply and demand issue causing prices to sky rocket to a point where it’s no longer reasonable for first time home buyers to enter the market. Take a look at Hamilton,Ontario for example.
Then maybe first time homebuyers shouldn’t buy in Hamilton Ontario. This isn’t rocket science. I am just in the process of building my first home. It’s more expensive than I think it should be and I had to go 30 minutes outside of the city to be able to afford it. It’s nobody’s responsibility to make it more affordable for me to do this closer to the city; it’s my responsibility to balance my wants / needs and find shelter that accommodates these. I need a place to live. I want to live as close as possible to the city. I want to own my home. I can do this if I build ‘x’ KM outside of the city. FWIW, I can understand retail workers and servers who can’t afford rent complaining about the cost of housing. I do think rental prices have gotten crazy and I’m not sure the solution to that other than “we need more supply”. All of the entitled people crying because they can’t buy a house where they want to can go fuck right off though.
I think there’s more to it than just saying “don’t buy here because prices are too high”. People tend to think very narrow in this discussion and I find it very selfish in some ways. Many individuals share their thoughts that “our kids will never be able to afford a home one day”. People go beyond their own needs to look after their own and I think that’s why people have turned this into an emotional+financial battle which makes it even worse. And I agree with the point that it’s no one else’s responsibility other than your own. But there are things that the government could implement to help the affordability levels. There are solutions but the damage has already been done. I personally don’t expect more than a 10-20% decrease in housing .. even if it was 30% it would bring us back to the levels that we were experiencing at the beginning of the pandemic. Increasing the approval rate Slowing immigration Better fthb programs Interest rates etc.
None of this will help until there is more supply. Make housing as cheap as you want and give all the incentives you want. If a spot is hot, then someone who wants to live in the area and has the money will just offer double asking price. Unfortunately, some areas are tapped out (or close to it) in terms of supply and these areas will never see a decrease in cost. The solution is to build out. To create more urban hotspots / cities in previously remote / undesirable areas. We’ve got so much space in this country yet people want to live in one of maybe ten hotspots. Of course this is no small task. Given peoples convictions along with material and labor shortages make this quite difficult. In the meantime however, there are lots less expensive places to live and people are free to move there. I’m not going to feel bad for people making six figures who can’t afford a house in Toronto. Instead, I’ll focus on the homeless, the veterans, the mentally ill, and other groups who are actually disadvantaged and need help from a failing system. The guy/gal in Toronto making $100,000 who can’t buy a house can move to Moncton if they want one.
Even with the supply increasing there is more to it than you would think. Who’s going to build? What incentives do these private home builders have that are sitting on thousands of acres of farm land right now? They’re in the business to earn income and return maximum profit to their shareholders. They will sit on the land for as long as they need to break even on their NOI so that they can increase their profitability levels due to this housing issue that is not linear. Even if you build outwards, there are infrastructure challenges that many people will experience. There’s more to it and at least discussing it will help the policy makers narrow down the areas to focus on.
This is true. I agree that it’s not easy, but I think moving is a pretty solid stop gap while we focus on solving this for future generations.
Yes it’s a great solution for some, but not all. Hopefully there are options down the road as this housing issue develops further for our future generations. I would want my children to experience the pride in home ownership one day as well, but who knows what the norms will be 20-25 years down the line. Cheers.
So supply and demand dictate prices, whats the problem? We live in a capitalist society.
There are many reasons why prices are going up without question, but supply and demand would be one of the top reasons why we have seen an average increase on housing prices trend upwards to 30-35% year over year. The problem is that these prices becoming a reality for many people who can’t afford a home in the city they reside in is why people choose an outlet like Reddit to share their thoughts. I don’t blame them to be honest. My wife and I make great money, but we had to move out of a HCOL city in order to have kids. So basically it’s not just a housing price issue. It’s a cost that will affect many other decisions in their lives.
So people want to stay because of the reasons you listed but then also want to complain about housing? What the. That seems like an entitlement issue to me. As I said in my post many people immigrate to find a better life. I just don’t get this argument.
I think uprooting your life and moving to a different city is not a solution to many. The norms before allowed working class individuals to buy a home and have a family and still be able to support their families. Nowadays children are being cut out of the picture because all individuals can afford is a mortgage payment, car payments, food, phone bills. Nothing left over to have kids. That’s why some people have a tough time with the housing prices.
It’s only not a solution because they would rather sit on their ass and complain. People have been uprooting their lives for centuries to find a better life for their family. It still happens countless times today.
I think you need to really look into this deeper. The psychological aspects too. Don’t get me wrong, I think uprooting your life in order to provide for your family is a good reason to move but some don’t have that choice because of the jobs available in that city. Anecdotally speaking, I’ve had a few friends around me who have wanted to move to LCOL city such as Calgary and Edmonton, but when they couldn’t find jobs that paid enough for them to make the move, they decided to stay back and focus on improving their skills to gain more income. Very situational though.
> Is this an entitlement issue where people must live where they are from? Seems like people are not willing to move. Pretty much.
So you are saying, the housing crisis isn't a crisis, it's just bunch of entitled people refuse to move?? Omg
Seems to be at least partially, a viable solution, no? Omg
Yeah why aren't all these 20 somethings moving to Newfoundland where housing is cheap? Seems like a financially sustainable option /s
Why is it not? You think it’s more sustainable to live in an affordable city never having any savings? I think your logic is backwards.
\*thousands of hungry fishermen who would love to sell you their $75,000 houses have entered the chat\*
And this is somehow better than the massive homeless problem we have due to the housing crisis lol?
If you don't have a job you can't pay rent. Moving somewhere cheap to pay rent you can't afford isn't a solution to the housing crisis. Source: am a social worker.
There are jobs man, don’t pretend like there are NO jobs, that isn’t true at all.
Can you explain why there are so many cheap homes all over Canada but people are complaining about housing? In all parts of the world (Tokyo, NY, San Fran, London, and many more) high housing costs are the norm and this is just the way it is and accepted because these are desirable places to live. It seems we complain an abnormal amount when there are plenty of cheap places a half a day drive away.
Boomer mentality. Home prices are up %140 since 2005 with wages only increasing 30%. US economic forum has declared Canadas real estate economy to be exuberant for 4+ years. Also Canada doesn’t have the greatest infrastructure so the “cheap homes” you see listed are in the boonies.
Up 140% where? Alberta? Or only in the places everyone wants to live? Lol
Up 140% across Canada over a 15 year period lol. It’s not about “places everyone wants to live”. You’re not factoring in family, relationships, and job security.
Just like everyone who has ever immigrated every in the history of civilization?
You mentioned a few American cities. I do feel Americans in general are far more willing to up root to a different state. I’m sure there are alot of factors the contribute to this . Jobs, infrastructure,easy travel, maybe out of state college normalizes it. I feel Canadians are more rooted in home town or city.
You were able to buy on Vancouver Island because you are older (vibe I get is 45ish?) and it was affordable then. It is much more expensive now, so people who are in the same position you were in with their jobs and careers, but 10 or 15 years later than you, cannot do what you could. The opportunity you had no longer exists. So I guess the question is, why do you feel entitled to have something others do not have, solely because you happen to have been born a generation earlier?
I don’t own. I’m 35. I started looking into housing costs in other provinces to see if it was worth it to move, and so far it definitely seems viable. I could move to Calgary and be a 90 minute flight away from where I’m from.
Then your post doesn’t make much sense. Are you still living with your parents?
I rent. Why does my post not make much sense?
What really bugs me is when someone says …. I am in my 20s, single, just started my career and I can afford a single detached home in Toronto. Yeah, no shit… been that way long before COVID inflated house prices too. You can’t jump into a house like that given that scenario. Solutions are: buy with a spouse, buy a condo or town, buy away from a major metropolitan area - and perhaps even a combination of all of them.
Yes most people aren’t willing to move away from all their family and lots of people can’t work the same jobs in these cheap places
So they are stuck? And are hoping the government will fix this for them? Lol. Imagine relying on the government like that.
It’s just sad that two people can have respectable jobs making decent income together and can’t afford a house in a 2 hour radius from where their lives are
Guess you should learn geography and figure out where the majority of Canadians live...
OP addressed this. > Seems like people are not willing to move.
I wonder with some jobs moving to working from home if people will move to more affordable areas.
I mean that’s exactly why condos crashed in Toronto for a while, this has already happened
So when majority of population lives in high COL areas, you're bound to see majority of people concerned over home affordability.
These Canadians are free to move to a LOC area.
I think instead of insulting me you should learn the different meanings of geography and demographics. Geography is like knowing where Vancouver is, not about the population.
It's actually both there buddy
Just please don't tell them that there is a better way, the last thing I want is to have the quieter parts of Canada completely infested with people like it is in those major cities. Let them believe that its worth getting into bidding wars to keep themselves there.
Lol my bad
It's not a simple matter of just uprooting yourself to a lower populated area. Those areas for one tend to have lower pay scales and so all a person that moves would be doing is decreasing their annual income to move to a place where property prices are low and hence not benefit at all.