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Millennials Flee Vancouver for More Affordable Cities

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Re: Millennials Flee Vancouver for More Affordable Cities

#32

As someone who's lived in Vancouver for more than 10 years, then went to Waterloo for school (and lived in Toronto for most of my co-ops/internships), I think we Canadians should be more worried about highly educated millennials fleeing Canada entirely. Everybody I know from school who were offered the option to work in the US have picked up their Canadian degrees and left. To the Canadian tech industry: How are you…

It's not that Canada or anywhere else in the world has humiliatingly low salaries, it's just that the USA has such strong regulations on skilled immigration, that the wages for developers are artificially inflated.

Most other countries, when faced with a shortage of workers in an industry, prioritise them over everyone else. In New Zealand, you need a certain amount of points to immigrate, and being in a high demand industry gives you a whole stack of points. Meanwhile, the USA still runs a lottery for immigration, as well as H1B, which is a lot more restricted than skilled immigration to a lot of other countries.

Re: Millennials Flee Vancouver for More Affordable Cities

#33

Assuming one has a really good heater and sleeping bag, it legal/possible/affordable to live in a VW bus in say south Vancouver? Renting in places like NYC, SF these days seems most people are lemmingly throwing money away in an unaffordable attempt to buy faux status while going into debt and gaining no balance sheet because "everyone else is doing it." Unless you've sold a series to HBO, living below one's means is…

If I'm going to be living in a van (down by the river), I would at least drive it to a river in a warmer climate. One with a higher exchange rate, lower taxes, and faster Internet, say.

Re: Millennials Flee Vancouver for More Affordable Cities

#34

Assuming one has a really good heater and sleeping bag, it legal/possible/affordable to live in a VW bus in say south Vancouver? Renting in places like NYC, SF these days seems most people are lemmingly throwing money away in an unaffordable attempt to buy faux status while going into debt and gaining no balance sheet because "everyone else is doing it." Unless you've sold a series to HBO, living below one's means is…

This is no way to live for more than a few months, though. It's not really an environment in which you can raise a family.

Re: Millennials Flee Vancouver for More Affordable Cities

#35
post #26

As someone who's lived in Vancouver for more than 10 years, then went to Waterloo for school (and lived in Toronto for most of my co-ops/internships), I think we Canadians should be more worried about highly educated millennials fleeing Canada entirely. Everybody I know from school who were offered the option to work in the US have picked up their Canadian degrees and left. To the Canadian tech industry: How are you…

I think that's an issue everywhere in the world. I'm living in Taiwan (not from here originally), and the tech scene is really being hollowed out for years if not decades. The really best, brightest, and most motivated people are already working abroad. "Humiliating" is a strong word, but the more I think about it, the more apt it feels, there should be a lot more reward for the good techies here (there are some left…

It is sad when hire salaries for programmers are to be had in mainland China (e.g. Beijing) than Taiwan. There are just tech friendly places and those that are not, with the USA being at the top in terms of pay.

Re: Millennials Flee Vancouver for More Affordable Cities

#36

I really like Victoria and I hope the town does well out of this. I'm sad that I may not be able to afford to live in Vancouver anytime soon, though.

Victoria is nice, but it is a small city and being on the island it's pretty isolated. While you do have direct access to the said island, there's a limit to how much "nature" activities one can do. Diversity Nanaimo (another city) is utterly unremarkable. Tofino is very nice, but it's 4-hour drive away. Everything else is even farther and unremarkable. Getting to anywhere outside of the island is a major hassle. Vic…

I've never been to Victoria before but remember seeing it from the Olympics @ Port Angelus. It didn't look that far from on top of one of those mountains.

Re: Millennials Flee Vancouver for More Affordable Cities

#37

The Chinese are parking their money there, that's what's happening Hence people paying millions of dollars for a house that's falling apart But I'm glad to hear about Victoria.

That's been a common theme among people talking about the rising house prices in Australia as well. That Chinese people just buy property to park their money overseas.

But when someone looked at the numbers the number of houses that were bought by Chinese people were in the low single digit percentages.

While this could create some upward pressure on prices it cannot be the only factor. For instance in Australia most of the blame lies of negative gearing (where any money paid in interest on a property can be claimed against all income).

Re: Millennials Flee Vancouver for More Affordable Cities

#38

As someone who's lived in Vancouver for more than 10 years, then went to Waterloo for school (and lived in Toronto for most of my co-ops/internships), I think we Canadians should be more worried about highly educated millennials fleeing Canada entirely. Everybody I know from school who were offered the option to work in the US have picked up their Canadian degrees and left. To the Canadian tech industry: How are you…

We have a similar problem in Scotland, I know a lot of people would love to have continued living in Scotland but can make >2 times the salary as a developer by making the move down to London. The cost of living in London is higher, but the increase in pay more than makes up for this. Granted, this is a move within the UK so it's not really a drain on the UK's economy but it leads to a more London-centric economy and, with an increasingly devolved Scottish parliament, is not good for Scotland.

Re: Millennials Flee Vancouver for More Affordable Cities

#39

Assuming one has a really good heater and sleeping bag, it legal/possible/affordable to live in a VW bus in say south Vancouver? Renting in places like NYC, SF these days seems most people are lemmingly throwing money away in an unaffordable attempt to buy faux status while going into debt and gaining no balance sheet because "everyone else is doing it." Unless you've sold a series to HBO, living below one's means is…

Sorry to be blunt, but why the f should anyone do that, especially if they have a job in tech (but even if they are not)

NYC and SF might be crammed, but there is a lot of space in the surroundings. In the topic we're talking about Canada, 2nd largest country in the world

And yes, working on nice companies is important, but quality of life is also important

Re: Millennials Flee Vancouver for More Affordable Cities

#40
In the past year, I've had 3 colleagues quit their jobs at a Vancouver startup to work remotely for a US company (to get paid in USD). Tech salaries in Vancouver are too low for the cost of living.

Its especially discouraging to see an employer with offices in Seattle and Vancouver offer their Canadian employees salaries that are >30% lower than their American counterparts. I won't be surprised if Canadians working remotely becomes commonplace.

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