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Being from Vancouver as well, I agree with your sentiment. I also wanted to add that, due to the Y2K fiasco, BC lawmakers were able to push through an exemptio

Being from Vancouver as well, I agree with your sentiment. I also wanted to add that, due to the Y2K fiasco, BC lawmakers were able to push through an exemption to the overtime laws. Basically, if you are in IT, then you are not under most of the overtime protection laws that other workers have. See here: http://www.labour.gov.bc.ca/esb/facshts/high_tech.htm http://www.labour.gov.bc.ca/esb/facshts/high_tech.htm

notastartup 13y ago
Good to hear that I am not alone in thinking this. It seems the BC lawmakers have failed to realize that what they've created is largely a slave contract for highly skilled workers. Coupled with high real estate / rent prices and BC tax on just about anything, on top of the federal tax rate is crippling. It's no wonder so many Vancouverites are house poor, especially if you are single and have no dependents to list for tax benefits or exemptions. Professional, high skilled workers who are leaving vancouver, either Toronto/New York or Seattle/Los Angeles, simply do not come back. Companies that get infused with American angel investor cash, go South and takes jobs with them. Is it just me or is BC not a really a friendly place at all for technically skilled people working in software/internet industry? People are definitely NOT laid back as rest of the world likes to believe, if not people are more cold hearted at work and ruthless when it comes to their job stability in a market where it's very tough to find a new job quickly. Sad to accept but NOT the Canadian dream I aspired for. I often catch myself thinking about the American dream these days.
- techsupporter 13y ago
  I thought that the reasons Vancouver and nearby real estate are so expensive is two-fold: 1) People from the rest of Canada like the weather in Vancouver better, and 2) People from around the world who want to work in technology are drawn there by easier immigration requirements and the network-effect of being around other technology folks. The Seattle Times has spilled a good deal of ink about how the Seattle area is bypassed by Silicon Valley heading north to Vancouver because of immigration and work rules. If real estate prices are still going up, would that imply that both of those, if true in the past, are still true? (Not for nothing: Didn't Microsoft open a rather large development center in Vancouver for just this reason?)
  - notastartup 13y ago
    >1)People from the rest of Canada like the weather in Vancouver better I hope you are joking....its' driven up by overseas speculation in the real estate market from what I understand. Coming to vancouver for the weather won't pay your bills (at least there's no shitty weather tax compensation), and weather is a favorite topic amongst Vancouverites because the good days are so much more meaningful when it's rare. >2) People from around the world who want to work in technology are drawn there by easier immigration requirements and the network-effect of being around other technology folks. I don't know of what "network effect" there is here other than amateurish Meet-up groups where middle aged men who lived through y2k show up and talk about how they like their coffee. I think it was 7 years ago they opened. Microsoft recently closed it's Victoria location. It's a game studio here in Vancouver but Quebec holds the reigns in game development from what I gather. I used to work beside the Microsoft building, the area is pretty much void of activity apart from Asian hipsters in Starbucks. Not exactly a silicon valley or even Seattle, so I don't know where is this "network effect" that eclipses Seattle or Silicon Valley.
    - typicalrunt 13y ago
      Vancouver (-area) born and bred, so I can shine some light here. It's no wonder so many Vancouverites are house poor, especially if you are single and have no dependents to list for tax benefits or exemptions. I have to laugh a little at this. I 100% agree, but just wait until you have a family. The options for shelter are either sky-high rent or sky-high purchase prices if you want to stay in Vancouver or Burnaby (the city next-door). If you want to save some money you either live in 1/2 of a house, in the basement of a house, or live somewhere musty worrying about mold [1]. Is it just me or is BC not a really a friendly place at all for technically skilled people working in software/internet industry? Vancouver isn't HQ for many large corporations, unlike Toronto so there are few big players in this area (TELUS, WorkSafe, BC Hydro, Best Buy). The other big players (Microsoft, Amazon, etc) are still relatively new. When a company like TELUS has a big project, they are a blackhole that sucks up EVERYONE. This happened 8 years ago with one of their projects. If you only stayed in the Gastown district of Vancouver, you'd think Vancouver was bustling with startups, but it's not. It's getting there, but IMHO the startup scene is still in its infancy [3]. An old joke amongst the IT consultants here is that we often see each other repeatedly circling the same big corps. It's a very very small world in Vancouver. I don't know of what "network effect" there is here other than amateurish Meet-up groups where middle aged men who lived through y2k show up and talk about how they like their coffee. I've seen this as well, which is why I don't attend too many meetups. Some of the meetups are very small (the Ruby one in particular) and I'd like to see a larger turnout. Saying that, I understand my lack of participation is what is causing part of the low turnout (in my case it is also an issue of travel distance). real estate As for the real estate situation in Vancouver (and Canada, in general), there is so many variables at play that there isn't one solid answer. There is the foreign menace buying up our real estate that is portrayed by realtors and the MSM, but the stats (there are few) show otherwise (<10%). Most of the cause is our (Canadians, I mean) own doing due to the low emergency interest rates. Instead of people using the low interest rates to get out of debt, they instead gorged on more real estate. Thus you see people attempting to carry their residential debts (mortgage, interest, taxes) by seeking ever higher rates. Add into that the realtor lie (carried by the MSM) that housing only goes up and you get people flipping houses to each other for ever higher prices (and thus, rents). If you want to know how it all ends, just read up on the US housing/credit crisis circa 2008. If you are a skeptic that thinks this can't happen in Canada, read up on what happened in 1980-1 or 1990-1, the same housing drop happened then [2]. [1] This isn't just a colloquial joke. Because Vancouver is technically classified as a temperate rainforest, we enjoy much much MUCH more rain than other places, with very nominal temperatures. If there is any defect in the building envelope, you will get mold. [2] But without the low interest rates or credit crisis, so this will be a big new player. [3] Part of the reason (from what I've heard) is the sky-high office rent in the area. It takes a huge chunk of the operating budget.

notastartup 13y ago

Good to hear that I am not alone in thinking this. It seems the BC lawmakers have failed to realize that what they've created is largely a slave contract for highly skilled workers. Coupled with high real estate / rent prices and BC tax on just about anything, on top of the federal tax rate is crippling. It's no wonder so many Vancouverites are house poor, especially if you are single and have no dependents to list for tax benefits or exemptions. Professional, high skilled workers who are leaving vancouver, either Toronto/New York or Seattle/Los Angeles, simply do not come back. Companies that get infused with American angel investor cash, go South and takes jobs with them. Is it just me or is BC not a really a friendly place at all for technically skilled people working in software/internet industry? People are definitely NOT laid back as rest of the world likes to believe, if not people are more cold hearted at work and ruthless when it comes to their job stability in a market where it's very tough to find a new job quickly. Sad to accept but NOT the Canadian dream I aspired for. I often catch myself thinking about the American dream these days.

techsupporter 13y ago
I thought that the reasons Vancouver and nearby real estate are so expensive is two-fold: 1) People from the rest of Canada like the weather in Vancouver better, and 2) People from around the world who want to work in technology are drawn there by easier immigration requirements and the network-effect of being around other technology folks. The Seattle Times has spilled a good deal of ink about how the Seattle area is bypassed by Silicon Valley heading north to Vancouver because of immigration and work rules. If real estate prices are still going up, would that imply that both of those, if true in the past, are still true? (Not for nothing: Didn't Microsoft open a rather large development center in Vancouver for just this reason?)
- notastartup 13y ago
  >1)People from the rest of Canada like the weather in Vancouver better I hope you are joking....its' driven up by overseas speculation in the real estate market from what I understand. Coming to vancouver for the weather won't pay your bills (at least there's no shitty weather tax compensation), and weather is a favorite topic amongst Vancouverites because the good days are so much more meaningful when it's rare. >2) People from around the world who want to work in technology are drawn there by easier immigration requirements and the network-effect of being around other technology folks. I don't know of what "network effect" there is here other than amateurish Meet-up groups where middle aged men who lived through y2k show up and talk about how they like their coffee. I think it was 7 years ago they opened. Microsoft recently closed it's Victoria location. It's a game studio here in Vancouver but Quebec holds the reigns in game development from what I gather. I used to work beside the Microsoft building, the area is pretty much void of activity apart from Asian hipsters in Starbucks. Not exactly a silicon valley or even Seattle, so I don't know where is this "network effect" that eclipses Seattle or Silicon Valley.
  - typicalrunt 13y ago
    Vancouver (-area) born and bred, so I can shine some light here. It's no wonder so many Vancouverites are house poor, especially if you are single and have no dependents to list for tax benefits or exemptions. I have to laugh a little at this. I 100% agree, but just wait until you have a family. The options for shelter are either sky-high rent or sky-high purchase prices if you want to stay in Vancouver or Burnaby (the city next-door). If you want to save some money you either live in 1/2 of a house, in the basement of a house, or live somewhere musty worrying about mold [1]. Is it just me or is BC not a really a friendly place at all for technically skilled people working in software/internet industry? Vancouver isn't HQ for many large corporations, unlike Toronto so there are few big players in this area (TELUS, WorkSafe, BC Hydro, Best Buy). The other big players (Microsoft, Amazon, etc) are still relatively new. When a company like TELUS has a big project, they are a blackhole that sucks up EVERYONE. This happened 8 years ago with one of their projects. If you only stayed in the Gastown district of Vancouver, you'd think Vancouver was bustling with startups, but it's not. It's getting there, but IMHO the startup scene is still in its infancy [3]. An old joke amongst the IT consultants here is that we often see each other repeatedly circling the same big corps. It's a very very small world in Vancouver. I don't know of what "network effect" there is here other than amateurish Meet-up groups where middle aged men who lived through y2k show up and talk about how they like their coffee. I've seen this as well, which is why I don't attend too many meetups. Some of the meetups are very small (the Ruby one in particular) and I'd like to see a larger turnout. Saying that, I understand my lack of participation is what is causing part of the low turnout (in my case it is also an issue of travel distance). real estate As for the real estate situation in Vancouver (and Canada, in general), there is so many variables at play that there isn't one solid answer. There is the foreign menace buying up our real estate that is portrayed by realtors and the MSM, but the stats (there are few) show otherwise (<10%). Most of the cause is our (Canadians, I mean) own doing due to the low emergency interest rates. Instead of people using the low interest rates to get out of debt, they instead gorged on more real estate. Thus you see people attempting to carry their residential debts (mortgage, interest, taxes) by seeking ever higher rates. Add into that the realtor lie (carried by the MSM) that housing only goes up and you get people flipping houses to each other for ever higher prices (and thus, rents). If you want to know how it all ends, just read up on the US housing/credit crisis circa 2008. If you are a skeptic that thinks this can't happen in Canada, read up on what happened in 1980-1 or 1990-1, the same housing drop happened then [2]. [1] This isn't just a colloquial joke. Because Vancouver is technically classified as a temperate rainforest, we enjoy much much MUCH more rain than other places, with very nominal temperatures. If there is any defect in the building envelope, you will get mold. [2] But without the low interest rates or credit crisis, so this will be a big new player. [3] Part of the reason (from what I've heard) is the sky-high office rent in the area. It takes a huge chunk of the operating budget.