I receive updates from Numbeo.com. Here’s the latest about my hometown of Vancouver:
Here’s how prices in Vancouver, BC have changed over the roughly past 5 years:
Rent (1BR city centre) : C$2,087 → C$2,644 (+27%)
Meal (inexpensive restaurant) : C$21.04 → C$30.00 (+43%)
Cappuccino: C$4.95 → C$5.77 (+17%)
Eggs (12) : C$4.71 → C$5.64 (+20%)
White rice (1kg) : C$4.28 → C$6.17 (+44%)
This is terrible news. How can the TFW’s afford stuff? This will drive away the diversity and lead to catastrophic economic collapse.
“How can the TFW’s afford stuff?”
They get all their sh1t paid for by Mommy Government, and use their tiny earnings from #DoorDash to buy smokes and booze. What a great life!
Shithole
Residents should complain to the local First Nation; apparently they own the place.
B.C. will economically collapse given the stupidity of the BC government and their coddling of the FN. I wouldn’t invest five cents there and if I “owned” property, I would sell it and get the hell out before it is worth nothing.
“The BoC’s Governing Council felt it could afford to be patient and hold interest rates at 2.25% ahead of its April 29 announcement, while acknowledging the situation might change quickly.”
Gradually, then suddenly.
Stagflation. Wear a cup.
It’s all relative.
Live within your means.
For some, that means forego the cappuchino at Starbuck’s.
I remember sweating the rent when the rent was under 200 stupid dollars, and my shit job paid me 6 lousy dollars.
Some stupid furniture store actually repo’d the stereo I bought on a payment plan.
PS…the first modest home I owned had a north of 11 percent mortgage rate.
We all roll with the punches. Suck it.
6 bucks an hour and 200 buck rent means your rent was about 1 weeks pay a month.
Now you’d be making 20 bucks an hour (800 a week before deductions) so your rent would be 3 weeks pay a month.
Is math really that hard for boomers?
Or to put it another way, the average rent is 12.5 times higher than you paid, and the wages have gone up 3.3 times what you made.
Some guys find math hard.
Kids are far more screwed these days that we were. There’s no comparison.
I remember riding my motorcycle in the winter because A) I had to work and B) work did not cover even a clunker car. Comparison today, kid having trouble affording an electric kick scooter so he can deliver #DoorDash, because that’s the ONLY job, and he’s competing with TFWs for it.
Are guys living in the park because they want to? It’s Canada. The park is -15F.
As a BC’er, I can attest to the veracity of all those figures and add a few more:
Property taxes (yearly) for a detached home in the burbs: going around $4500
Water+sewer+garbage collection (which is NOT in the property taxes): Put another $4000
My daughter is moving out (they grow up so fast…) and sharing a flat with a roommate: $3500 (half each)
The only reason I can afford living here is: I got in early, paid the mortgage as fast as possible (although the Musquean may own my land), never on variable rate. Still have a good paying job (but CPP2 is chipping it away), and as somebody else commented, living within my means, frugally (and growing most of my food).
BC, currently, is not for the amateurs.
The Numbeo numbers appear just a little low, and/or the website seems to have fallen out of fashion. I promise to send in some updates.
Nanaimo, B.C. The News Bulletin announces the city has settled on a 6.4% increase to taxes for property owners, just a bit over the government’s COLA estimate of 2.0%. Not sure where we skimp to make up the difference.
The same issue of the Nanaimo News Bulletin has a couple of newsworthy articles to reinforce the Nurses Union Strike Vote of 98% in favour of pretending to walk out, because they are an Essential Service. In an interview with an American nurse who left the U.S. because Trump, she claims she has the same lifestyle on $66,000 per year as she had in the U.S. at $200,000.
I wonder.
Some friends live in Vancouver and they complain a lot about the sudden massive tax increases on property and everything to do with government services. Service fees and fines seem to be open season on taxpayers and in Manitoba as well.
But it is all relative as many have paid off homes etc and do not have the expense associated with a mortgage. A person or a couple lives within their means. It really sucks to be a couple with children now.
In Winnipeg we sold our house and use the investment income towards a 2 bdr apartment with no rent increases for 2 years. Very quiet with extras and underground parking for two. it
We do not have to deal with the uncertainty regarding a condo or a house.
Cost of living is reasonable and property taxes and fees are now almost nonexistent. Capital gains on an apartment is zero but investments offset that. Winnipeg has its problems but you try to insulate yourself from the unexpected as much as possible. Easier to move as well. Living is a numbers game and make the math work.
Hey rov,
I’ve been contemplating this radical change. But I think wife and I will have to uproot to another province to fulfill it. We’ll wait a few more years, see whether the offspring settle, and ponder. Meanwhile, chug along with work.
It is a change but not as radical as you think. It makes life easier and it is a lifestyle issue and change.
We were tired of a 4 bdr house and looking after it. We travel a lot now and it is much easier to do so.
Life is not all a numbers game but it is a lot less stressful now. So many new apartments have and are being built in Winnipeg now that rents are dropping as well.
The kids have moved out and we helped them with that.
now, note, these are 5 year figures.
plus vancouver. geogfree lesson: in . . . . . . . . . socialist . . . . . . . . . b.c.
now correlate the figures with influx of chirese millionaires.
and count yerself lucky. theyre giving you time to bail whilst they squirrel away more billions.
shockingly but unsurprisingly a widdle boyd tol’ me sum of dem are here to . . . . . . . .
oversee (overseas?) the proper handling of their fentanyl shipments.
True. Just change it to chinese druglords millionaires.
Here in N.CA … where I was told Bidenflation was “transient” and no higher than 6.5% … nobody asked about all my FIXED cost inflation …
Home Insurance: +25% 3 years in a row
Auto Insurance: +25% 3 years in a row
Gas and Electric: > +25% over the last 3 years
Water: +20% over 3 years
Trash: +15%
And all the fees, fares, and other government collections are up at least +25%
“And all the fees, fares, and other government collections are up at least +25%”
Well Kenji, at least you can rest easy in the knowledge that your taxes are going to making the world a better place. I mean literally the world, Kali is bleeding tax money world-wide through fraud.
There, doesn’t that make you feel better? ~:D
No.
I’d say the percentage increases look familiar but I have noticed some things increase 50% over a year or so. Also, I complained when a cabbage was $5; now it is $5/pound. A different way of increasing prices.
Commies hate comparing prices, or news, or facts.
An example of hiding the inflation:
… small bulk (retail) prices for potatoes/carrots/onions/apples/oranges,
are now much more expensive than the prepacked bag,
but the bag contains 30% rot.
Also, the cost of individual items begin to stand out:
… approaching $3 PER apple/orange/potato,
80% being increased taxes.
That’s more than inflation, it’s socialists-going-broke suicidal desperation.