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Vancouverite here. When major tech companies started setting up satellite offices here, I assumed it'd be a temporary situation, and that we'd be at the mercy of any change in the U.S. immigration process. The longer there's an immigration bottleneck though, the more entrenched these companies become here. There are more senior roles opening up here all the time, and salaries are increasing in this competitive market. From my experience on the media / marketing side of things, a lot of people moving here that didn't consider the U.S. as an option. For some roles, our entire crop of interviewees have moved to Canada from other countries. Yes, the U.S. immigration situation is helping the Canadian tech scene, but cities like Vancouver and Toronto are more than a mere crashpad for people waiting to move to SV. There's real momentum here as well. |
Spend any time browsing /r/vancouver or /r/toronto and you'll quickly realize that the cost of living is a huge problem. The Vancouver housing market in particular has been absurdly inflated by out of control money laundering. Local salaries and house prices are totally out of whack.
Follow https://twitter.com/mortimer_1/ to see what money laundering has done to the Vancouver housing market. https://twitter.com/mortimer_1/status/1221315000897163264 is a particularly amusing recent thread showing where a would-be landlord writes: "This home is in rough shape and needs painting, and TLC. Looking for long term tenant willing to put labour in while landlord covers all material costs." All this for only $5650/month!