4 ms·

Not so cheap anymore! They go for $2M each today which seems insane to me.

ghostpepper 4y ago
The Vancouver housing market is really insane when you compare it to average salaries. New-grad software developer at a non-big-tech can expect the equivalent of $45k USD
- seanmcdirmid 4y ago
  NAFTA (or whatever succeeded it) allows many of those Canadian SWEs to go south for better pay (e.g. Seattle), and a lot of them do. It isn't great situation all around (Vancouver loses talent because they don't want to pay for it).
  - teunispeters 4y ago
    Vancouver has NEVER paid that well. 50-60K is high end for SWE in Vancouver.
    - ripley12 4y ago
      That's not been my experience at all. Amazon has really pushed compensation up over the last 10 years and 50-60K (CAD or USD!) would be low for even a junior position in the companies I'm familiar with. FWIW the local market is fairly bimodal; there are the FAANG companies and those who keep up with them, and there are some local companies that still pay peanuts. The gap between those two is large.
      - curmudgeon22 4y ago
        This matches what i see in the past 5 years or so as well.
- teunispeters 4y ago
  I left Vancouver over this. Average salary : Canadian normal. (median $33K, 90% of people under 90K - Stats Canada and Canada Revenue Agency for sources circa 2015-ish). Need at least $300K/year to afford rent, and if you're not a multimillionaire, owning a home is out of reach. Well, except condos... then $200K+/year is ideal. The rents are too damned high! And yeah, there's a whole pile of homelessness and safety issues over that. That Vancouver has (on the whole) nicer climate than Seattle, let alone anywhere else in Canada - makes it "easier". I worry a lot about the people I know still stuck there. Oh and if anyone's looking for causes, I recommend this podcast : https://www.cbc.ca/listen/cbc-podcasts/191-sold https://www.cbc.ca/listen/cbc-podcasts/191-sold
  - ripley12 4y ago
    The main cause is that Vancouver bans apartments on the vast majority of its residential land, and has done so for nearly a century.
cperciva 4y ago
Not the house itself! A typical property tax assessment on a Vancouver Special is $2M of land and $50k of building.
deleted 4y ago
[deleted]

The Vancouver housing market is really insane when you compare it to average salaries. New-grad software developer at a non-big-tech can expect the equivalent of $45k USD

seanmcdirmid 4y ago
NAFTA (or whatever succeeded it) allows many of those Canadian SWEs to go south for better pay (e.g. Seattle), and a lot of them do. It isn't great situation all around (Vancouver loses talent because they don't want to pay for it).
- teunispeters 4y ago
  Vancouver has NEVER paid that well. 50-60K is high end for SWE in Vancouver.
  - ripley12 4y ago
    That's not been my experience at all. Amazon has really pushed compensation up over the last 10 years and 50-60K (CAD or USD!) would be low for even a junior position in the companies I'm familiar with. FWIW the local market is fairly bimodal; there are the FAANG companies and those who keep up with them, and there are some local companies that still pay peanuts. The gap between those two is large.
    - curmudgeon22 4y ago
      This matches what i see in the past 5 years or so as well.
teunispeters 4y ago
I left Vancouver over this. Average salary : Canadian normal. (median $33K, 90% of people under 90K - Stats Canada and Canada Revenue Agency for sources circa 2015-ish). Need at least $300K/year to afford rent, and if you're not a multimillionaire, owning a home is out of reach. Well, except condos... then $200K+/year is ideal. The rents are too damned high! And yeah, there's a whole pile of homelessness and safety issues over that. That Vancouver has (on the whole) nicer climate than Seattle, let alone anywhere else in Canada - makes it "easier". I worry a lot about the people I know still stuck there. Oh and if anyone's looking for causes, I recommend this podcast : https://www.cbc.ca/listen/cbc-podcasts/191-sold https://www.cbc.ca/listen/cbc-podcasts/191-sold
- ripley12 4y ago
  The main cause is that Vancouver bans apartments on the vast majority of its residential land, and has done so for nearly a century.

cperciva 4y ago

Not the house itself! A typical property tax assessment on a Vancouver Special is $2M of land and $50k of building.

deleted 4y ago

[deleted]