Exodus of millennials threatens Metro Vancouver economy


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lemon925   
Member since: May 15
Posts: 202
Location: Toronto

Post ID: #PID Posted on: 28-05-15 10:28:46

People in Vancouver who also have lived in GTA, would you be able to do a city by city comparision for Greater Vanc and Greater Toronto for Jobs life style ..

http://www.findfamilyfun.com/images/greatervancouver20.gif


I am mainly interested in knowing if we assume Toronto = Vancouver then which cities in Greater Vancouver is like Mississauga, Oakville, Brampton and Milton.

Thank You!



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 28-05-15 12:41:59

TK is right, except an average Joe can never afford to buy a house in West Van. The place is damn beautiful, better than the rest of the Vancouver infrastructure, and even feels like living in a high quality resort or Switzerland. Trust me, I am not exaggerating. So, forget about West Van unless you're a high profile Celebrity or a highly paid Executive. Rentals are cheap, you're right.

Richmond is Markham. It has a train connectivity to the downtown. An average 2500-3000 sq. ft house costs a mils on an average. Buy a 2 br. townhouse instead for about $450k.

New Westminster and Burnaby also has a train connectivity, and the house prices are the same as Richmond.

North Vancouver is the same as West Van, but a bit lesser in price than West Van. Basically, both West and North Vancouver are inseparable and basically, you're living a life to the fullest. It costs high nonetheless.

Surrey is Brampton. Full of Desis. A decent house in a decent neighborhood costs not less than $600k.

South Surrey / White Rock: More expansive. Not many new immigrants, but borders Surrey. 3 level house costs a million. Closer to the ocean with two best beaches (Crescent and White Rock beach)

Langley borders Surrey to the East, but a bit affordable. Still not highly populated by immigrants but they have started making inroads and as a result property prices are looking to rise.

Tri-cities (Coquitlam/Port Coquitlam, Port Moody, Pit Meadows) are a bit off but offer better lifestyle and close to the mountains. House prices start from the upwards of $800k or $600k (two level - no rental suite) to millions.

Overall, doesn't matter where you go to within lower mainland, house prices are bit on a higher side. Rental market is not that bad and in fact better than or at par with GTA. Overall quality of life is better than GTA, more laidback, less busier. One of my acquaintance visited Europe and didn't find anything better than BC. No wonder, we have a population of healthier people when compared to the rest of Canada.

Highways are not clogged 24x7. We don't have anything equivalent to the 401, which is clogged even on the weekends.

US Border is 15 minutes drive from Surrey/South Surrey for a quick milk cartons and gas.

Note: I stressed again on the house prices with the city list as this is what Desis look for eventually, even if settled down initially in a rental accommodation. So, if you're not looking to buy EVER, then just ignore. Rates of townhouses and Condos are relative as well.



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 28-05-15 12:55:47

Quote:
Originally posted by lemon925

People in Vancouver who also have lived in GTA, would you be able to do a city by city comparision for Greater Vanc and Greater Toronto for Jobs life style ..

http://www.findfamilyfun.com/images/greatervancouver20.gif


I am mainly interested in knowing if we assume Toronto = Vancouver then which cities in Greater Vancouver is like Mississauga, Oakville, Brampton and Milton.

Thank You!



Unfortunately, you can't compare much due to a completely different geography and the cities' magnitude. This is all I could think of:

South Surrey / White Rock: Oakville
Surrey/North Delta = Brampton
Mississauga = Burnaby and New Westminster
Markham = Richmond
Milton = Langley



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 28-05-15 17:09:33

Quote:
Originally posted by mcg7

Quote:
Originally posted by febpreet

.

North Vancouver is the same as West Van, but a bit lesser in price than West Van. Basically, both West and North Vancouver are inseparable and basically, you're living a life to the fullest. It costs high nonetheless.

Surrey is Brampton. Full of Desis. A decent house in a decent neighborhood costs not less than $600k.

South Surrey / White Rock: More expansive. Not many new immigrants, but borders Surrey. 3 level house costs a million. Closer to the ocean with two best beaches (Crescent and White Rock beach)


Tri-cities (Coquitlam/Port Coquitlam, Port Moody, Pit Meadows) are a bit off but offer better lifestyle and close to the mountains. House prices start from the upwards of $800k or $600k (two level - no rental suite) to millions.

Overall, doesn't matter where you go to within lower mainland, house prices are bit on a higher side. Rental market is not that bad and in fact better than or at par with GTA. Overall quality of life is better than GTA, more laidback, less busier. One of my acquaintance visited Europe and didn't find anything better than BC. No wonder, we have a population of healthier people when compared to the rest of Canada.

Highways are not clogged 24x7. We don't have anything equivalent to the 401, which is clogged even on the weekends.

US Border is 15 minutes drive from Surrey/South Surrey for a quick milk cartons and gas.

Note: I stressed again on the house prices with the city list as this is what Desis look for eventually, even if settled down initially in a rental accommodation. So, if you're not looking to buy EVER, then just ignore. Rates of townhouses and Condos are relative as well.



with all these real-state skills - you can make 3 time more $$$ than any regular IT job :)




These are not 'skills', for every Tom, Dick, and Harry in Metro Vancouver knows about these facts. But, that's the plan. Not sure about 3 times more though. 9 to 5 is killing me softly. ;)

Quote:

you really love Vancouver :up:



Love is too strong a word. Let's leave it at 'like'.



lemon925   
Member since: May 15
Posts: 202
Location: Toronto

Post ID: #PID Posted on: 29-05-15 10:33:29

Quote:
Originally posted by febpreet

Quote:
Originally posted by lemon925

People in Vancouver who also have lived in GTA, would you be able to do a city by city comparision for Greater Vanc and Greater Toronto for Jobs life style ..

http://www.findfamilyfun.com/images/greatervancouver20.gif


I am mainly interested in knowing if we assume Toronto = Vancouver then which cities in Greater Vancouver is like Mississauga, Oakville, Brampton and Milton.

Thank You!



Unfortunately, you can't compare much due to a completely different geography and the cities' magnitude. This is all I could think of:

South Surrey / White Rock: Oakville
Surrey/North Delta = Brampton
Mississauga = Burnaby and New Westminster
Markham = Richmond
Milton = Langley




Thanks FP,

For sure this comparison and your previous post would help me and many others in considering Vancouver as an option.



JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 01-06-15 09:15:26


The longer you stay in GTA, the harder you would find to move, I went through the debacle of my move to New York / CT area despite a decent job offer and getting the TN entry. Wife started expecting similar atmosphere expecting GTA in NYC / CT / NJ area. I knew its an illusion but not easy to help.

A friend (infact two moved on to BC) but moved back to GTA in two years. Well, we know it takes years to establish your social atmosphere but their much needed bubble was far from reach, hence the return.

It is my opinion that either you are an able new immigrant, or your job situation has forced you to move to BC, otherwise you will end up shrugging the shoulder for winter.

Thanks to FP to bring up a lot of facts about BC. I would love to settle there if I heard about all this 10 years back. It would have been a natural extrnsion of my previous stay in california.


-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM


Delhite   
Member since: Nov 04
Posts: 938
Location: Brampton

Post ID: #PID Posted on: 01-06-15 10:19:20

Quote:
Originally posted by JRF


The longer you stay in GTA, the harder you would find to move, I went through the debacle of my move to New York / CT area despite a decent job offer and getting the TN entry. Wife started expecting similar atmosphere expecting GTA in NYC / CT / NJ area. I knew its an illusion but not easy to help.

A friend (infact two moved on to BC) but moved back to GTA in two years. Well, we know it takes years to establish your social atmosphere but their much needed bubble was far from reach, hence the return.

It is my opinion that either you are an able new immigrant, or your job situation has forced you to move to BC, otherwise you will end up shrugging the shoulder for winter.

Thanks to FP to bring up a lot of facts about BC. I would love to settle there if I heard about all this 10 years back. It would have been a natural extrnsion of my previous stay in california.



I am exactly in the similar situation. I have tried to persuade my wife and kid to relocate to NY area on intercompany transfer around 2 years ago but they declined. They argued that it took them 10 years to establish social connections and don’t want to uproot again. From the last six months after getting feedback from Febpreet, trying to make their mind to move to Vancouver but getting same pushback. I even added Vancouver weather on my smartphone and tell them everyday morning but still no luck. I think having a good social life has its own disadvantages.


-----------------------------------------------------------------
A Delhite in Toronto


Contributors: febpreet(18) mcg7(10) tamilkuravan(9) lemon925(6) JRF(3) Fido(3) Rajagopal(2) AshwaniG(2) san-hugo(1) Delhite(1) adamthorat(1)



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