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As a Canadian who moved away, I must warn you that Canada has a form of dutch disease. Resource extraction investments have a much better risk/return ratio, s
by mahyarm 10y ago
As a Canadian who moved away, I must warn you that Canada has a form of dutch disease. Resource extraction investments have a much better risk/return ratio, so the pay doesn't even approach US levels. Thus software doesn't approach the levels of investment you have in the USA. And you thought SF was bad, wait until you see what has gone wrong with the housing markets in Toronto and Vancouver.
I liked Canada and it's sad that I have to live away from my family, but I would be a fool to stay otherwise.
- throwaway5752 10y agoWhat would have happened if Rob Ford had been elected PM?
- querulous 10y agoyou can just read this to get a pretty good idea: https://en.wikipedia.org/wiki/Stephen_Harper#Prime_Minister_.282006.E2.80.9315.29 https://en.wikipedia.org/wiki/Stephen_Harper#Prime_Minister_...
- cperciva 10y agoThe "dutch disease" went away with falling oil prices. I agree that the housing markets in Vancouver and Toronto are nuts, but until today it looked like they were cooling down. Unfortunately, we might see another spike in foreign investment in Canadian housing thanks to this election...
- hackerboos 10y agoI moved to Toronto from the UK, received a solid 25% increase in salary and cut my rent expenditure in half. Houses are expensive here but still cheaper than London or SF. Canada isn't all doom and gloom.
- patrick_99 10y agoThis. Canadian salaries are low, compared to the US. They're much better than Europe.
- DeBraid 10y agoCould you expand on the reasons why you'd be a fool to stay? Thanks.
- mahyarm 10y agoWhen I was interviewing in vancouver and seattle, the seattle offer was about double. Housing and everything else cost less and the income tax rate was lower. Back then the currencies were even. Now they are not, so its an even better idea to work in the USA. You pay off student loans and save money that much faster. Soon after I moved to the bay area because the companies there were more interesting, but the pay was probably about even compared to seattle. That is why it would of been foolish to stay.
- michaelhoffman 10y agoRent in Toronto is way, way cheaper than in San Francisco.
- zymhan 10y agoAnd the pay much less.
- mtw 10y agoReal estate is much more reasonable in Montreal or in Calgary. And there are startups hiring also in those cities