It is too expensive. Life in Canada is too expensive these days.

My wife and I make $200k a year and even we dont dream of moving to Vancouver. General rule is your house shouldnt be more than 4x your income. Meaning we can only afford a $800k home, good luck finding that in Vancouver. Let the city collapse under its housing issues

WOW, my 750 Sq ft apt in Ohio is $656 a month market rate and I was considering moving to Canada a few years ago. Looks like I dodged a bullet.

Just under $200k combined and still can’t afford living there? Good lord Vancouver! Wow

when exposed to the international market, a typical canadian's overall earnings, savings, and assets is a joke.

its not a rent issue with this couple its a LIFESTYLE issue. in this circumstance, making around $200,000/year, they should be able to still live within reason in vancouver. i would like to know the lifestyle behind this couple. they are still making car payments with that income? they must drive fancy cars, go out for dinner 5 days/week, travel lots and etc etc because i know couples that live in vancouver that make around $200/000/yr and they are not in that situation. the math is not adding up and if its not adding up its a lifestyle issue. i see this all the time on the news and i dont even know why THIS story aired we all know the rent is high, but when a single couple like this is earning 6 times their yearly rent expense and still cant save money its a lifestyle issue.

Why are Canadians now suddenly vastly outnumbered in overcrowded Canadian cities?

Paying over 3k to live in kits and a car payment are already poor financial decisions.

What are you doing with your money?

Why is our government doing this to their own people?

The only way to live in Vancouver is to live in a van, or live on a boat and float on the river, all free of charge. Living anywhere on land in a structure is only for the newly rich that are flying in from some other foreign country.

If you dare make enough money to compete with the foreign money, the Fed Libs and BC NDP will set you back with a 54% marginal tax rate.

If this couple is making $200k/year, and still financing their car…. maybe they should work on their finances…

I believe the issue is they're paying $3200 a month in rent and have other expenses on top of that. Most likely their monthly expenses are in the $5000 to $7000 range range which doesn't leave a lot as they also need to save for retirement. Its just a common situation in Vancouver. There are a lot of couples that make this type of income which may seem like a lot but in Vancouver it just isn't.

Our income tax system is not set up for $1M+ houses, as it takes well into a six figure income to pay for a condo and the income tax you pay is upwards of 40%+. The only people surviving financially are the ones that bought housing 5-10+ years ago, everyone else is extremely struggling or if you are a Canadian that works in another country paying 18% flat income tax and are buying a house in Canada. Having high housing costs is the worst thing for the productivity of a country and you will see Canada to continue to go downwards economically as there is nothing stopping housing inflation due to excessive immigration and FOMO.

Just wondering where all the low and middle-class income live? If they can't do it, then who's working those non-living wage jobs in Vancouver, and how are they affording a shelter there?

Probably heavy spenders

when was $200 savings ever enough to cushion anything?

This is hardly news and at their income level moving to Chilliwack seems extreme. They make 200,000 per year, pay $3,200 rent and have one car with a payment and one credit card and are struggling to make ends meet? How high is that car payment and the balance on that credit card? She is quitting her job with this move as well? Is that a smart move? Maybe just move to a slightly cheaper place for around $2,500 per month. There are lots of wholes in this story that do not add up.

Wait, they make a COUPLE OF HUNDRED THOUSANDS a year?