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by Tsarbomb
1092 days ago
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No it's not normal, they are talking a bit out of their ass. Based on their dates, I'm significantly younger than them and yet I was able to afford a house in one of the more desirable neighbourhoods with only me being the one working in tech. I'm not targeting the person you are replying to with any malice, but since almost all of the major financial and business institutions in Canada are headquartered here there is an overabundance of people that would claim they work in "tech" when in reality they are making a respectable but decidedly non-tech salaries at places like TD Bank or Thompson Reuters as examples. The range of possible salaries for devs in Toronto is quite large. Also as an additional anecdote, every single one of my classmates who went to the USA and decided they would like to start a family, came back to Canada to start that family. That is not to say it is all rosy here. There is an overabundance of poor or terrible talent that's been shipped in to cover the exodus of Canadian educated people chasing better salaries in the USA while business leaders and purse string holders are content to celebrate their mediocrity while being confused why productivity is so low. |
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Our old house @ Oakwood & Vaughan was bought for $285,000 in 2005. It's likely "worth" north of $1M now, not 20 years later. My senior software engineer salary in that period was between $75 and $100k CAD. Are you saying that a SWE salary in Toronto is over $300k now?
I know it isn't, though there are plenty making more than that Google Canada, that is a huge anomaly from the rest of the market.
The distortion in housing prices and the continued upward growth has a negative effect on the ability of young people to prosper. It might help me retire, sure, but it isn't going to do much good for my kids.
BTW, I worked as a SWE at Google for 10 years. And my wife was at Apple before that. Does that count as "tech?" Just checking.