Introduction:
Vancouver has always been known as a beautiful, cosmopolitan city with an abundance of natural beauty and outdoor recreational opportunities. While the city still retains much of its charm, it also has become increasingly expensive to live in, making it difficult for residents to afford basic necessities like housing, transportation and even food. As more people move out of Vancouver in search of better quality of life options elsewhere, the reasons behind these migrations are becoming clearer. In this article we will explore why so many families and individuals are choosing to leave Vancouver and what solutions may be available if you’re considering moving out yourself.
The High Cost Of Living
Living in Vancouver can be very expensive due to high property prices, rent costs and taxes imposed by both federal and provincial governments. According to recent statistics from The Economist’s Worldwide Cost Of Living Survey 2018 , Vancouver is ranked as one of the top 5 most expensive cities in North America with an overall cost index score that is nearly double the national average. This means that everyday items such as groceries or gasoline can cost significantly more than they do outside British Columbia resulting in higher living expenses for residents who decide not to relocate elsewhere..
Lower Tax Rates & Job Opportunities Elsewhere
In addition to costly living expenses there is also a lack of competitive job opportunities within British Columbia compared with other provinces across Canada which offer lower tax rates on income earned (e.g., Alberta). This coupled with limited job prospects makes relocating away from Vancouver seem like a viable option especially if you’re looking for career advancement or simply want some breathing room financially speaking . On top of this many young professionals seeking employment fresh out university often find themselves priced out by their peers forcing them into competition for jobs where their skillset isn’t necessarily up-to-date or relevant anymore . Furthermore there is no guarantee that these positions will provide enough income support them over time either leaving them unable pay rent let alone save money..
Rising Crime Rates & Traffic Congestion
As well as economic factors contributing towards people leaving Vancouver another key issue amongst locals relates directly back onto crime rates particularly around Downtown Eastside/Cambie Street area which have been steadily rising since 2010 . With increasing numbers gang related activities violent offences being recorded throughout neighbourhood its understandable why so many feel unsafe walking home at night now let alone trying run business here too . Additionally traffic congestion has become huge problem over last few years leading further delays commuters travelling work long commutes each day adding yet another element stress onto lives citizens living here ..
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