Exactly, yet anyone who suggest that is labeled a socialist/anti-capitalist.
I know people that purchased a new development near Cambie and 29th Avenue. 2 bdrm for over 800k, fortunately the son (25 yrs old) simply gets to live there and pay for food. His occupation? He travels the world and takes internships half the year. The fool tried to rent out the place for 2.2k a month for 6 months and he wondered why no one bit. Now the unit is sitting empty...
You go into the building and you notice most units are empty most of the time. Mercedes and Porches sit in the parkade collecting dust (and uninsured).
It's a representation of how rapid this city is being emptied out. Most people I networked it have either moved to the suburbs or Eastern Canada. Some of these professionals have gone to extreme measures to ensure they put their name in the raffle- this includes accepting low-paying jobs, unpaid internships or going to school from 8-4 and working 5-11. It's just becoming impossible to work your way up here, and rent is an extreme killer. I find that people are just leaving by their late 20's.
Thing is we have to accept that is life. This is one of the most desirable cities in the world. Clean air, pristine lakes, mountains a stones throw away and a small city feel that is not overwhelming to newcomers. You have to be really fortunate or innovative to make it here.
I got offered 60k/yearly job in Ottawa which starts in March. For me it's a no brainer, especially considering I am making half of that in the same field here.
