"On my walks around Kits and Downtown, over the past 3-4 months I have seen more property available for rent signs than I have seen in the past 5 years."

Aldus Huxtable at VREAA 8 Jun 2011 1:59pm and 3:34pm-“On my walks around Kits and Downtown, over the past 3-4 months I have seen more property available for rent signs than I have seen in the past 5 years. Quite a number of friends I have made who were traveling from the UK and Australia have all absconded from Vancouver to elsewhere in Canada for in their words “a better cost of living”. I’ve spoken to a few building managers who have had to lower prices for the first time in years due to a lack of rental applications.People are beginning to go elsewhere, because at a certain point, something becomes bad value for money.”… “I have lived here for 20+ years now and have year by year over the past 8 years seen a majority of long term local friends depart to Montreal, Toronto, Winnipeg, Edmonton, Calgary and Kelowna due to the price of property. People who have grown up here, cannot afford to live close to their families and are forced to move elsewhere. Strangely enough, everyone who has moved away laughs at the cost of living here and insists they’ve given up nothing asides from their friends by leaving.”