Quote:
Originally Posted by NKC ONE
Here are the reasons why.
1) Wages
2) Taxes
3) Economic rate of return
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1. From my experiences, wages are quite low in Vancouver since there are so many people looking for work, I do business in northern BC and I noticed wages especially trades is much higher there than here.
2. Taxes, definitely agree but if you are a business owner it is great in BC since you can pay yourself in dividends. Do you know that even if you buy a used car, if it is over $55K you pay a luxury tax! Also thanks to the idiots who voted for no HST I noticed my costs have gone up since I don't remit more taxes.
3. Vancouver is too saturated, too much competition. If you want to make money you have to leave Vancouver. Other parts of BC are doing well like Northern BC. Unfortunately for the environmentalists who dream that northern gateway is not going to happen, they have already began construction up to the BC border in Alberta.
Quote:
Originally Posted by Hehe
Because wife and kid comes back whenever they have a chance. Wife doesn't like SoCal all that much and is there only because of an important grant for her career/research. And they often have some break between one part of research to the next.
That plus my parents/in-laws come here every so often since they are all retired.
I think given my budget and location preference (not crossing bridges), I like what I am seeing online in Burnaby near Edmonds station. Any one has comment about that area?
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I assume you are looking at the city in the park neighbourhood? I have relatives who live there with a young child and they say it's great place to live. However they did suffer a pipe burst but since your renting it shouldn't matter!
Anyone else read the employment stats for July? The number of people working in construction dropped by 42,200 in July and employment in health care and social assistance was down by 28,500, Statscan reported. Those two are Vancouver's biggest industries.. NKC ONE you might be getting your real estate plans ahead of schedule...