Cost of Living in Victoria BC vs Vancouver BC

by hwilde on February 20, 2012

As Featured On EzineArticles
It’s been all over the news recently – Vancouver has earned the dubious honour of being the most expensive city in North America in which to live.  Those of us who are living in Victoria can be thankful that our fair city, while not inexpensive by Canadian standards, hasn’t the same affordability issues that Vancouver is facing.

According to the Economist Intelligence Unit’s Worldwide Cost of Living survey, Vancouver topped the list of pricey North American cities, ranking 37th in the world, ahead of Los Angeles, the most expensive city in the U.S. at 42nd in the world standings.  Surprisingly, New York came in 47th. A weak U.S. dollar and modest inflation have pushed down the relative cost of living in major American cities.

The Worldwide Cost of Living is a bi-annual survey comparing more than 400 individual prices across 160 products and services. They include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.

A big factor contributing to the high cost of living in Vancouver is the price of real estate, with housing prices described by Vancouver Sun columnist Barbara Yaffe as “wacko”.  Vancouver is a desirable place to live, with a mild climate, all the big city amenities a person could want and it has become a target for (often foreign) real estate speculation, leading to year over year increasing prices in spite of global economic difficulties.

Victoria, on the other hand, has a more balanced real estate market, and housing prices that are certainly a notch or two lower than the mainland.  Our island location is probably one of the main reasons for this, and most of us who are living in Victoria are okay with that!  Oh, and it rains less here!

 

hwilde

Victoria BC Realtor Heather Wilde was raised and educated in Winnipeg. After graduating from both the University of Winnipeg (Bachelor of Arts) and the University of Manitoba Faculty of Education she relocated to British Columbia in 1975. Her career in real estate has been successful due to her commitment to and genuine pleasure at helping families find homes and properties for sale in Victoria BC. Heather was licensed as a Realtor in 1976 and since then has worked hard to achieve a high standard of performance; consistently attaining a Victoria Real Estate Board MLS Gold Award. If you ask Heather, she will undoubtedly say that although it’s nice to be recognized in the industry through performance awards, what really drives her success is the relationships and friendships she forges with the families that she helps. Many of Heather’s former clients have become close friends, and many of her close friends have become clients. That says a lot about her dedication to providing professional service while maintaining a friendly rapport with clients. Heather loves to travel the world (preferrably on a cruise ship!) and also enjoys tennis and bridge during her spare time. As of January 2014, Heather has retired from her real estate career.

More Posts - Website

Previous post:

Next post: