“I have to agree on the difficulty in attracting good, well skilled, engineers or technicians here… our company is looking to hire at least 3-4 people right now (pneumatics, electronic, electrical, PLC… that kind of stuff) and wages just are not enough to entice anyone to Vancouver… everyone we’ve interviewed so far says “hey I need at least $X to get the same thing I already have”… and no company here that I know of can afford to pay $X. Tough spot for companies in Vancouver.”
– BurbsBoy at VCI 28 Jun 2012 10:20pm [hat-tip jesse]
It is best for a society and for its economy for housing to be priced near fundamental value, as judged by local incomes and price:rent ratios. Vancouver prices are two to three times higher than those determined by fundamentals.