Moving and Address Change News » Young professionals leaving Vancouver over high cost of housing

Young professionals leaving Vancouver over high cost of housing

There has been a constant report about high cost of leaving and particularly housing driving the young professional residents of Vancouver outside Vancouver to mass to find more affordable homes in less expensive regions.

This particularly affects young graduate, who not only face debt incurred during school (student loans) and now must deal with ever growing high cost of housing


Statistics Canada data point to this troubling trend. Since 2008, the city has experienced annual net losses of individuals aged 25 to 44.


The millennials in the city of Vancouver are hard-pressed to get ahead. They Struggle with everything including high debt loads, stagnating wages and rising costs of living.


An example of the affected millennials in Vancouver is the story of Kever Somers and his wife Apple Kuedro who are young professionals in their mid-30s and wants to start a family, own a home and have stability, unfortunately they couldn’t afford that in Vancouver.


Kever and Apple both has good first jobs and really love the city of Vancouver, but the instability and ever-growing housing prices in Vancouver drove them away from the city they love. They have currently moved to Ottawa and bough two houses one for them and one for Kever’s parents.

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