Life in a big city vs small city
Since 2010 after cheap money entered our financial system, large cities have become unaffordable for most people unless you own real estate. And now inflation has completely upended your budget. Rent is always going up while salary increases are laughable. It id getting harder to have a family in big cities.
If you weren’t born in a large city like Toronto or Vancouver does it even make sense to move there or continue to live there on rent? How do you plan to save for your retirement? While people thought that high cost of living in GTA will push people out to other parts of Canada however nothing material has happened as there are more people coming in every year putting strain on infrastructure and public services because they don’t like to live anywhere else. What is the future of GTA? 3k rent per month? On a 70k salary. For single people that is a death sentence. Not everyone can live with their parents in their 40’s.
If you weren’t born in a large city like Toronto or Vancouver does it even make sense to move there or continue to live there on rent? How do you plan to save for your retirement? While people thought that high cost of living in GTA will push people out to other parts of Canada however nothing material has happened as there are more people coming in every year putting strain on infrastructure and public services because they don’t like to live anywhere else. What is the future of GTA? 3k rent per month? On a 70k salary. For single people that is a death sentence. Not everyone can live with their parents in their 40’s.