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A comment on Companies struggling to fill jobs 'should try paying more,' Fed's Kashkari says. Parent comment

Re:Companies struggling to fill jobs 'should try paying more... by barrow-rider on Thursday November 15, 2018 @11:04AM (#18460308)
Salaries in Van are lame, but the housing costs are all out of proportion.

I was in Kitsilano a couple weeks ago and stayed in an AirBnB; liked the neighborhood and decided to check out some of the for Sale Signs. Modest 3-bedrooms were going for $1.7-$2.4MM CAD, while average Dev salary was something like 90k CAD. Even if that doubled they'd be hard pressed to pay for housing that high.

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Re:Companies struggling to fill jobs 'should try paying more... by fredophile on Thursday November 15, 2018 @12:43PM (#18461407)
Housing in Vancouver is disproportionately high compared to salaries but I probably wouldn't use Kitsilano as an example. Point Grey and Kits are some of the most expensive neighbourhoods in the city. You can find more reasonable, but still very high, prices in other parts of the city.
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Re:Companies struggling to fill jobs 'should try paying more... by kareemm on Friday November 16, 2018 @07:39AM (#18468309)
There’s nothing reasonable about the cost of housing in Vancouver. Last I checked median price of all housing stock (including condos) was $900k+.

If you’re a two income family with kids home ownership is basically out of reach.

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