[seabrookmx]

- 2010 mortgages are not that low, unless you bought a travel trailer - $1million actually doesn't buy you much in Toronto, Vancouver, or even a smaller city like Victoria - a millennial working at big tech ($200k+) can still afford one of these absurdly priced homes

Yes housing in Canada is messed up. But very well paid tech workers are actually some of the few young people that can still make it work.

Heck, I know some millennials that managed to buy in the Bay Area where it's even worse (they work at Tesla).

[bettercallsalad]

Oh so now the millions in Canada all they need to do is to work in big tech. I see. Problem solved. Thanks for enlightening me. I am so glad I left that messed up country filled with “we made it our own and you can too” people.

Just to give you context, median software Engineer salary in Canada is 95200. An average townhome in any of the cities now is over 600k easily, forget about Toronto and Vancouver where most likely those tech jobs are. Mortgage for a place like this in the current rate is easily around 2500-3000. Add in car, insurance, electricity, cost of daycare. And then see how much of after tax income can you afford to bring home.

[gnz11]

The situation in the US is not any different. I would even say much more of life in the US is "pay to play" than in Canada.

[seabrookmx]

Enlightening you? Apologies for staying on topic!

The comment you replied to said this:

> Coziness is the biggest hurdle. As a programmer, I can make a really good salary at a tech giant.

I'm in no way implying that requiring a big tech salary is a _good_ thing (obviously it's not).. I'm simply agreeing with the original statement that it stifles startups.

[ffgjgf1]

> to buy in the Bay Area where it's even worse

Is it? If adjusted by median income Vancouver and Toronto are both more expensive than San Francisco or San Jose.