Not hard if a company pays good money. We are currently in the process of making an offer to Apollo creator (Reddit wrapper). I won't be disclosing how much we will be paying him but it's not 80K.
We pay north of 200K to intermediate-early senior devs (Cash + shares). Trouble is, the ones we want get 250K USD or more in USA. And they have less taxes to boot.
The problem is not very simple. Liberals are being blamed for one particular reason. They caused the crisis. Conservatives just use it. Would they be better? In my opinion, no. As a matter of fact, I think they would be worse.
Agree. Canada is losing a battle against the US. At my company, we approach it by paying the USA salary but in CAD. So, if one would make 200K USD, he would get an offer for 200k CAD.
We just started hiring. Amazon did the same. Google and FB are hiring. Just had a dinner today with head at Shopify; they are opening couple of positions in September. I am cautiously optimistic about this Fall. Not really looking to jump companies but many of my mentees are struggling and I hope they would land something.
Well, it also hurts that after a certain point, you are putting a lot of money in taxes.
I have not been around for very long, but the more I look into it, the more I believe that the problem is the massive number of contradictions that Canada is build upon. Things like Housing and Greenbelt. Things like Socialist system and not enough money to pay for it all. Things like most refugee friendly immigration policy and not having a system to actually make best use of these folks. Things like they want economy like US without being USA.
Maximize RRSP -> TFSA -> First home buyer SA. But yes, taxes are very high in Canada.
Agree. Unfortunately, that's the reality. However, when it comes down to housing issue, it's also about housing becoming a bubble and everyone just pouring their investments in there. If it falls right now, many people will lose their life savings.
The housing shortage is not because of the liberals but they are solely responsible for actively making the situation worse. I’ve spoken to a lot of immigrants who came before 2015 and all of them have claimed that housing in Canada was never this expensive. 10 to 15 years back, only housing in proper Toronto and Vancouver were out of reach for most median income earners. Now, the entirety of southern Ontario and lower mainland BC are out of reach for most median income earners. Cheap interest rates have fuelled a lot of speculative borrowing but the most critical factor worsening this crisis is excessive population growth through temporary migrants. Provinces and municipalities have their arms tied because they do not control the borders, the Federal government does and they’re inviting more people than what the provinces can actually accommodate. There will always be a shortage because the Federal government pulls out arbitrary numbers for immigration and does not have a cap on temporary migrants. Canada actually builds more homes per capita than any other G7 nation but that figure is meaningless when every year, the population grows at an even greater pace. Home construction takes years and homes are not something that can be wished into existence with a magic lamp despite what the liberals think. Now, there may be some financially illiterate boomer Canadians and Immigrants who think being paper rich through home equity is a good thing, but they fail to realise that when a significant percentage of the population begins to spend 70 to 80% of their paycheque on housing, the economic catastrophe it will cause Canada will be the likes of nothing they’ve ever seen before. There will be widespread closures of several businesses and that will lead to ripple effects in the economy. If the liberals are smart enough to see where this is headed, they’ll do something significant about it. They have to cause they’re already toast.
You .... know, you can take the ENTIRE resident population of Canada, whole 40 million of them, multiply them by 3 times and they all can live cosily in BC with avg density not even close to most of western European countries.
There are several groups of Canadians. One group is what you described. They are older folks with properties. They don't want to lose money. They vote for anything that makes their small bungalow cost 1+ mill. Another group is younger folks. They don't see an opportunity to buy a house/condo. The problem is that they don't vote; they raise their frustrations on Reddit.
Can't speak about Vancouver but you could buy a place in Toronto on median salary back in 2013. I bought my place for 400K. My salary was 80K. SWE back in 2012 would start at 50-60K at regular companies. There was a time when salaries went through the roof but housing didn't. That was in 2014-2015. Then housing started to catch up super fast and bypassing it.
