“I’m one of these guys that just left Vancouver for London, UK. The prospect of not being able to afford anything despite my $100K/year salary finally turned me off.”

El Magnifico at VREAA 15 Feb 2011 4:03 pm -
“I’m one of these guys that just left Vancouver for London, UK. I really loved the 5 years I spend in Vancouver, but the prospect of not being able to afford anything despite my $100/year salary finally turned me off. My company offered me a 6-month mission with expat package in London, which I accepted despite the fact that my wife was pregnant (she just delivered last Friday!). I arrived in London on January 14 and I truly love it. My local boss offered me to stay in London after my mission, on a local contract… I thought about it, discussed with my wife and we decided it was the best option for us. London is expensive too (although groceries are much cheaper), but I’ll be paid 30% more here than in Vancouver. My standard of living is and will be better than in Vancouver and I will be able to afford something here in the foreseeable future. Job opportunities are limitless here, unlike tiny Vancouver…
After spending a month here and looking back, I just think Vancouver is so outrageously expensive. From Groceries to housing, shopping, restaurants, etc., everything is overprice with most often questionable quality/service. In Vancouver, I find I’m getting ripped off all day long (don’t get me started on Banking or worse mobile phone). Things are expensive too here, but I find I do get value for what I pay. And I just love so much going to Museum… for free!
Vancouver is good but certainly not the “best place on earth” (how pretentious!!!), and there are lots of amazing places around the world that are more worth it than Vancouver.”

2 Responses to “I’m one of these guys that just left Vancouver for London, UK. The prospect of not being able to afford anything despite my $100K/year salary finally turned me off.”

  1. William Wallace

    Whilst I share a lot of your sentiments I can’t help but feel you might be shocked at London Real Estate prices – yes I know there is a correction currently in the UK but London is still miles more expensive than Vancouver based on a comparable property/areas.

    I hope you are being paid in GBP as I can sense a massive swing back for the GBP against the Loonie. If it reverts to its traditional rate of 2.15 to 1 then this will make everything in the UK about 20-30% more expensive once this correction occurs.

    The British Pound has been devalued in order to make thier exports more affordable (just like the US) – once this happens then the GBP will rise like a rocket against the worlds smaller currencies.

    However all well & said it really is quite amusing to hear Vancouver property bulls making a comparison with their city & London which is the equivalent of comparing the Vancouver Whitecaps with Barcelona. London is recognised internationally as one of the worlds financial centres with income levels far in excess of anything available in Vancouver.

    The population of Greater London depending on which reference source you use is anything from 4 x the size of GVA to 10 x the size. Add in the close proximity to other large European Conurbations i.e. Brussels,Amsterdam, Paris (all within 3 hours high speed rail or 1 hr flying time) then you can clearly understand why London is regarded as one of the worlds premier capitals with justifiable property values whereas Vancouver whilst nice (so is Geneva) and is close to the Sea (so is Marseilles) and Mountains (so is Turin) is not on the same page as London.

    Vancouver is vastly over priced and is due a massive correction.

  2. I LOVE VANCOUVER WITH MY LIFE

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