Post YVR at VREAA 13 may 2011 1:39pm – “I left Vancouver in 2006 with my wife – the high cost / low quality of housing was a big reason. We were both newly minted Architects – both working (ironically on high rise condo projects). We got married and rented a nice little one bedroom. We were expecting a son, still had school debt and had been kicked out of a couple rental places due to sales. Sat down with a nice lady from RBC to talk about what we could afford – 350 was our pre-assumed limit. RBC lady said “you guys are the most conservative couple I have met – we’ll send you 600, possibly more!”
We were pretty freaked out – not ready to take on that much debt, looking at crappy little damp garden hovels in our price range east of nowhere…we left the city / country as did most of the talent from our graduating class. Vancouver is an awesome city as a student / single / lifestyle town, not a great family town – at least not for most honest wage earners.
We now have two kids, good jobs, awesome place with yard, good schools, amenities, and oh yeah – sunny warm weather all year long. We left Vancouver – easier than I had thought it would be, and having lived through 4 years of a real estate melt where I live now I can honestly say it saddens me to see the social train wreck Vancouver is heading for.”
The bubble has rewarded the reckless and punished the prudent. Thus far, that is. – vreaa