What explains such depressed wages for local developers? Aren't local companies interested in competing?
If, like me, you work in tech with American funding, it's conceivable to have a "normal" life in the downtown core, including buying property. But everyone else is fleeing the downtown core, the Greater Vancouver Area, or even the entire province.
Anecdote: I know an arts administrator who moved to semi-rural Nova Scotia. She went from barely being able to afford a basement apartment to buying a pretty large house. It's pretty weird to imagine arts administration even being possible from a town in nowheresville... but the pandemic has created strange situations. She just flies into cities when she has an actual event or performance to manage.