In the highest demand cities. Move somewhere that is either 1) Building a crap ton or 2) in lower demand
In the highest demand cities. Move somewhere that is either 1) Building a crap ton or 2) in lower demand
My gut tells me people will then complain that the housing market in places like this are not worth buying into as houses are only increasing at the cost of inflation.
Everywhere in Canada but Vancouver/Victoria have -20C in winter.
> the economy is heavily reliant on one industry (oil)
This is the real issue.
But it only happens for a couple days a year in Southern Ontario, even less common near a Great Lake
Granted its been nearly a decade since I've been there, maybe covid broke it. But 17th ave, Stephen ave mall, kananaskis, banff, breweries, river bike paths, reasonable food scene (for it's size and not being on an ocean), go to Edmonton for the weekend (it's only a 3hr drive, or a short flight), sylvan lake day trip, lots of conventions/shows on the stampede grounds... THE STAMPEDE!
What is it you're looking for it doesnt have? (or what has change since I've been there?? )
The common complaint I saw at r/Vancouver and r/personalfinancecanada was that the food scene was lacking compared to those cities, and the conservative/redneckness of the city/province.
Really encourage you to go. It's beautiful, and if you like hiking/mountains you have a "playground in your backyard". After moving to the bay area I was so spoilt and couldnt believe people would drive 3-8 hours (traffic) to Lake Tahoe, when I was used to 1.5 hours and sleeping in my own bed that night.
let me translate..
"Quit your job and leave behind everyone you love"
as an immigrant to the US, i can share that it has been hard to do "leave behind everyone you love", but also I met new people I love as well.
Many of those who moved to that HCOL area did likewise--which probably contributes to it being a HCOL.
Not saying it's trivial but many people in the US move for all sorts of reasons including people who strictly speaking weren't "forced" to.
[1]: and when there is such a case people often play arbitrage or other economic games to close the gap quickly.