How much it REALLY costs to live in VANCOUVER Canada 🇨🇦 in 2024
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- čas přidán 5. 07. 2024
- Vancouver BC Canada is infamously known as one of the most expensive cities to live in the world, and in this video I break down the TRUE cost of living for an average person to live in our beautiful city.
Everyone is talking about the cost of living in Vancouver these days, as the increased prices have led to expensive housing, groceries, transportation, and more. This leads to many questions about whether Vancouver is worth it in 2024, what properties are available in Vancouver, what is the Vancouver transit system like, what are the costs of owning a car in Vancouver, etc. So today, we’ll explore all about the costs of an average Vancouver lifestyle, and answer some of these important questions. We go over housing expenses, food, transportation and miscellaneous costs that you want to consider in detail and with real life examples.
This information is what myself and many newcomers wish they knew before they moved to Vancouver to be better prepared to live in this city.
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Check out some of my previous videos that are helpful:
Top Neighbourhoods to consider: • THE TOP 5 BEST NEIGHBO...
5 Things I wish I knew before moving to Vancouver BC: • 5 Things I WISH I knew...
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0:00 Intro
0:39 Housing
2:19 Food
3:31 Transportation
5:01 Entertainment
6:35 Outro
Really informative video breaking down all the most important expenses to know when considering to move to Vancouver BC Thank you!
Thank you for tuning in! I’ll make more videos all about living in Vancouver BC Canada 🍁🇨🇦
I have lived here for 43 years ,BC means bring cash . I wouldn't live anywhere else ! Excellent video.
That's awesome! Thanks for watching
Wow, hell is all you’ve ever known eh? Stockholm syndrome in Vancouver.
You should checkout Europe where people have taste, culture, and class.
The US where they have money.
Or even sours America where they have culture and passion.
Vancouver has taxes, suicidal tendencies and E Hastings. What a passive aggressive overpriced shithole.
Hated it my whole life.
벤쿠버 생활을 알아보다가 이렇게 사실적이면서도 동시에 도움이되는 영상을 만났어요. 진심으로 감사해요! 앞으로의 영상들을 통해 저의 벤쿠버 생활도 꿈꿔보고 싶어요!
도움이 되셨다고 하니 다행이네요. ^^
유용하게 봐주시고 구독해주셔서 감사해요. 나중에 궁금한점이나 다른 토픽에 대해 비디오 만들었으면 하는 주제있으면 말씀주세요~
Very informative thanks. What about a video on the income part?
That’s a great idea! I’ll make a video in the future! Thank you for watching :)
@@WonbaeSon thank you bro... Keep up your good work... Who knows you'd be the Enes (home tour guy) of Canada... Perhaps better..
Thank you for a very informative video. Vancouver is definitely worth-living. However, I feel that Asian markets always cost me more so I ended up going to Real Canadian or Walmart instead :))
Totally agree. I shop between Superstore and H mart as well!
When I was in Richmond, just south of the Fraser River, I entered a mall to shop. I was stopped just inside the entrance and asked to leave; told that the shops were for Asians!
@@WonbaeSon I don't recommend that people shop at Asian stores selling products from China particularly. When I worked with Health Canada I saw the evidence of the uncleanness at Chinese factories. And everywhere else. Not worth it. Health issues, as we learned with Covid, are something we don't need in Canada!
@@suefrench8721 China is actually a great country that produces the #1 quality in the world thanks to our brave leader Xi Jing Ping
I used to live in Vancouver and it’s not worth the price, the city is really boring, everyone is worried about money and you can tell people is not very happy there. Everyone is shy or really quiet, no one is friendly. Just “nice”, but even that “nice” feels fake. The nature is cool, but even that is pricey
Thanks for your feedback Hope you enjoyed it 😃
How is nature expensive?
Great vid, but costs are a little less than this IRL. My partner and I just found a 2 bed/2 bath with mountain views, free indoor parking, gym, etc. for $2950 including utilities.
Moving from Toronto, I can attest that food + drinks are the same price as well.
Thanks for watching!
That sounds like a great deal Does that happen to be downtown Vancouver or a little further out?
I’m seeing rent prices stabilize recently
Welcome from the people in Alberta.
You can rent in cheaper area, one bedroom can be $1800 a month in Surrey , NW
Yes definitely, I’ve lived in Surrey for a little bit and i really enjoyed my time there! Great food around
Surrey u mean delhi?
Is 110k for a single person enough for a decent lifestyle similar to yours? Thanks for the video.
Thank you for watching!
For a similar lifestyle to mine, $110k per year is more than enough (single guy in mid 20s with moderate lifestyle)
@@WonbaeSon Thank you, Will be moving there soon.
Is the university of west is good for MBA?
Actually both BC and Ontario has been losing people to Alberta since 2023 due to high housing cost.
Check the costs in Calgary!
Best wishes from iran❤
Thank you for watching :)
This is a decent rundown but ultimately superficial. It's not just about what the basic cost of living is. People who are seriously looking into living in Vancouver need to ask what your quality of life will be in relation to what you spend. For the average person, it's a raw deal and almost stupifying. Having lived in Vancouver for 13 years, covering everywhere from Yaletown to New Westminster to even way out to Abbotsford, here's a proper rundown.
1. Expect to pay close to 50% of your take home on rent, unless you live way way below your means. This will effect your quality of life, as will everything listed below.
2. The city is generally unfriendly and cliquey. I would go as far as saying the city is segregated into ethnic ghettos. There is very little sense of community overall.
3. The weather is dismal. Full stop. Everytime I hear someone touting Vancouver weather I cringe. They must include the disclaimer, "for Canada". Sure, it's a necessary trade off to live in what is essentally a rainforest but it gets old.
4. As beautiful as the scenery, Stanley Park, and the ocean is, you pay a massive premium to live near it. Sure, you can find slightly better deals out in Surrey, but let's be honest here. It's Surrey.
5. The elephant in the room, uncontrollable epedemic of drug use and homelessness that has plagued the city for decades. You started your video in Gastown which is just a tourist trap, but walk a few blocks east. That is just as much a part of Vancouver that cannot be ignored. Stroll through Chinatown, a once vibrant community, now in shambles. And like a cancer, it continues to spread.
6. The ongoing and neverending gang violence. Once contained to Surrey and surrounding areas, it has now leached into virtually every corner of the city.
7. Government. On a Provincial and Federal level, they have waged a war on working class citizens.
8. The city overall is drab and dull. It's not just Vancouver, it's Canadian cities in general.
9. Traffic. Sure, it's a mid sized city and you'll have congestion like any other, but we're not talking LA here. The city is extremely so car centric. You'll see more single occupant vehicles on the road than most cities of similar size and population.
Vancouver loves to present itself as a world class city. It is not. For those of you who have travelled a bit, you know just how innacurate that is.
Thank you for watching and providing your honest insight.
For the purposes of this video, I made it rather general to help as many people as possible. And you are definitely right about some of the downsides of living in Vancouver, and people should be aware of them before they move here, that Vancouver has its cons just like any other city.
I made a separate video on why people are choosing to leave Vancouver and covered a few of the issues that you mentioned here. Thank you for being a subscriber :)
Good take on Vancouver. Infrastructure is not up to par and has not kept up with population growth. The highway from Coquitlam to Vancouver has too many bottlenecks. One time a traffic jam in one of the highway exits caused major stoppage on the main highway. The wait was so long I drove back to Coquitlam.
Young ppl like to enjoy and dine out for good quality of life .
That’s definitely where I spoil myself 😂😂
As they say BC stands for "bring cash"
😂😂
There is too many good restaurants and things to do in spring and summer , that why you need to bring cash . If you go to the cities where is snowing and cold and hiring all the time, then you save money
I don't get the reasons of costs. The UK is a much smaller country, you can get a 3 bed house for about £1200 per month, a 1 bed flat for about £900. We have more population density at 70 million for the UK. Canada land should be cheaper, abundance all natural resources available.
Honestly, yes i can afford it but no I would not live there.
I wanted to move to van from Calgary but I think I might stay and just visit because I would not survive lol
Yes. Only an hour flight away, see if it is worth it for you in 2024 or in the future!
My debt repayment per month are $4200 that’s without rent. I’m not sure how people are struggling so much if I can survive just fine.
Vancouver is not a top ten world class city.yet we are probably second or third most expensive city in the world. Sure world class cities like tokyo, hong kong, london, new york, paris , are important world hubs, yet Vancouver is not. Only investors from outside countries have ballooned the real estate value
Sure; if you wait awhile longer. This is shaping up to be the biggest housing collapse this region will ever see.
I've lived here over 30 years, and I've been hearing about the inevitable housing collapse for over 30 years ... and I'm still waiting. People can keep hoping for something to change, or they can work harder and earn a living themselves
@@HL-fy9jt Guess what? I was born and and raised here 69 years ago and you have no idea what you're yammering about.
@@HL-fy9jt And, you haven't heard about a colllapse for that long, , either. So, nice try.
@@billferguson1368maybe not 30 years, but people have been yammering on about it for too long instead of focusing on working hard. Pretty interesting how the hardest workers I know also end up being the most successful... And also complain the least about cost issues
@@HL-fy9jt You have no idea what you're talking about. It shows, too.
Honestly, $1,000+ a month of groceries/eating out for 1 person seems like a choice you made for yourself and are passing it off as the norm. My groceries/eating out expenditure for 1 person in a month averages $500. And anecdotes from friends, I know their groceries/eating out averages are in the same ballpark. I'm not saying this rudely or anything, I just think it's not an accurate picture - especially when you footnoted it with "I eat out more". It leaves the realm of "how much it really costs to live in Vancouver" and enters "how much Wonbae Son dines out in Vancouver in a month."
Noted, thanks for your feedback. I will consider it for the next update video! Thank you for watching :)
There is two of us and we spend around $1000/month on groceries and dining out
not hard to do if you meal prep and buy in bulk. cost per meal at home can easily be under $5/head at the expense of monotony and variety. Some people eat to live and that's fine. some live to eat and that's fine too.
I want to get out of British Columbia. It’s not worth living here. Financial suicide if you retire here.
It’s definitely one of the most expensive cities in North America.
I'll be honest I think people overreact when it comes to the high prices. I'm raising my family in the same home I grew up in - been here over 30 years. And sure, while I've noticed an increase in costs, I've managed just fine. I think the younger generation just likes to complain 🤷
“Raising family in the same home I grew up in” - read it again
@@aviralsharma9264So? What about the other properties I have? The ones I invested in and purchased myself through hard work. I'll tell you what, if I had spent my life complaining about costs, I wouldn't be where I'm at.
Says the person who has their mortgage already paid for.
Seriously? I am an educator with a Master's degree and 14 years of experience and I'm spending more than half of my salary on rent. FYI, I live in a basement.
Check the cost of homes to wages 30 years ago and now. The average cost of homes have increased dramatically and the average wages have not kept up. Average home price in Vancouver is over $1.2 million and the average salary is $67k. With that salary, it would take almost 20 years to pay off a house and this is not even including other necessary expenses like food! I'm in my 30s making $166k (top 3% in Canada) and I still do not qualify for mortgage in Vancouver because I would need to be earning $250k. Do your research before you generalize a whole generation that have it harder than you. Your generation has made it more difficult for my generation, period.
Yes, it was okay until it became Hongcouver. This guy has a real cheek complaining about the city when he and others like him have contributed to a lot of his complaints. He should return from whence he came.
After living in the United States for a while, I can say that the entire country of Canada isn't worth the cost.
Shithole of a city. I live in Toronto and it was an improvement over the shithole of Vancouver.
Toronto sucks. Can’t wait to leave this godawful country
Unfortunately
How old are you and what don't you like about Canada?
@@suefrench8721 Salaries are much lower in Canada (at least in my profession) while taxes are higher and everything costs more.
I don't know why my age matters, but I'm 56 and I have lived in both countries.
@@suefrench8721 36, cost of livingi in Vancouver is outrageous!.