Considering a move to Vancouver
#1
Just Joined
Thread Starter
Joined: Jul 2013
Posts: 3
Considering a move to Vancouver
Hey all.
I currently live with my wife and 3 children (10, 8 and 1) in the Netherlands but I have received a job offer in Vancouver.
The offer comes with an annual salary of around $120k CAD, is this sort of salary enough to comfortably support a family of 5? Are there any kind of family tax benefits or deductions fir families given that my wife would probably not work for at least a couple of years?
I currently live with my wife and 3 children (10, 8 and 1) in the Netherlands but I have received a job offer in Vancouver.
The offer comes with an annual salary of around $120k CAD, is this sort of salary enough to comfortably support a family of 5? Are there any kind of family tax benefits or deductions fir families given that my wife would probably not work for at least a couple of years?
#2
Joined: Sep 2008
Posts: 12,830
Re: Considering a move to Vancouver
Hey all.
I currently live with my wife and 3 children (10, 8 and 1) in the Netherlands but I have received a job offer in Vancouver.
The offer comes with an annual salary of around $120k CAD, is this sort of salary enough to comfortably support a family of 5? Are there any kind of family tax benefits or deductions fir families given that my wife would probably not work for at least a couple of years?
I currently live with my wife and 3 children (10, 8 and 1) in the Netherlands but I have received a job offer in Vancouver.
The offer comes with an annual salary of around $120k CAD, is this sort of salary enough to comfortably support a family of 5? Are there any kind of family tax benefits or deductions fir families given that my wife would probably not work for at least a couple of years?
#3
Just Joined
Thread Starter
Joined: Jul 2013
Posts: 3
Re: Considering a move to Vancouver
Cheers for the reply, my lifestyle expectations aren't too extravagant. Renting a decent 3br home, good schools for my kids, preferably just 1 car.
I was hoping to keep rent to around $2000 per month, $2500 at most. I'd like to be able to commute to central Vancouver in under an hour.
I was hoping to keep rent to around $2000 per month, $2500 at most. I'd like to be able to commute to central Vancouver in under an hour.
#4
Joined: Sep 2008
Posts: 12,830
Re: Considering a move to Vancouver
Cheers for the reply, my lifestyle expectations aren't too extravagant. Renting a decent 3br home, good schools for my kids, preferably just 1 car.
I was hoping to keep rent to around $2000 per month, $2500 at most. I'd like to be able to commute to central Vancouver in under an hour.
I was hoping to keep rent to around $2000 per month, $2500 at most. I'd like to be able to commute to central Vancouver in under an hour.
#5
BE Forum Addict
Joined: Oct 2007
Location: British Columbia
Posts: 1,371
Re: Considering a move to Vancouver
Don't aim for a commuting lifestyle in Vancouver if you can help it. The closer you can live to where you'll be working, the better. Good schools will be your local public school, wherever you end up.
#6
Joined: Sep 2008
Posts: 12,830
Re: Considering a move to Vancouver
Jumping on Skytrain or the WCE is a breeze if you live close to the line or drive to the station.
#7
slanderer of the innocent
Joined: Dec 2008
Location: Vancouver, BC
Posts: 6,695
Re: Considering a move to Vancouver
I wouldn't want a commuting lifestyle in Van either - not unless you're prepared to put up with regular gridlock and accidents.
#9
Brit in Vankong
Joined: Jun 2009
Location: Outside of Van
Posts: 11
Re: Considering a move to Vancouver
http://www.ey.com/CA/en/Services/Tax...3-Personal-Tax
$120k with wife and 3 kids won't get you a 3 bed detatched house in Vancouver unfortunately. You are going to have to look at suburbs east of vAncouver that are on commuter routes such as Burnaby, Coquitlam and Port Coquitlam. There are some great new housing under construction in the upper 700s in these areas and Vancouver under 1 hour drive.
Average homes in Vancover top over a million dollars and they are often old and need of repair. 2million would get you a renovated detached property!
http://www.theglobeandmail.com/life/...ticle12436288/
Good luck with your decision.
PM me if you have any other questions
$120k with wife and 3 kids won't get you a 3 bed detatched house in Vancouver unfortunately. You are going to have to look at suburbs east of vAncouver that are on commuter routes such as Burnaby, Coquitlam and Port Coquitlam. There are some great new housing under construction in the upper 700s in these areas and Vancouver under 1 hour drive.
Average homes in Vancover top over a million dollars and they are often old and need of repair. 2million would get you a renovated detached property!
http://www.theglobeandmail.com/life/...ticle12436288/
Good luck with your decision.
PM me if you have any other questions
#10
Account Closed
Joined: Jan 2006
Posts: 0
Re: Considering a move to Vancouver
I would never ever commute into the city again, try and live as close to work as you can. On paper commutes might look doable, but in reality the highway system sucks, and what may appear to be a 45-60 minute commute can in reality be closer to 2 hours, add in snow, a traffic accident etc and it gets worse.
The only way a commute into the city is decent and not a royal pain in the ass, is if you can utilize the West Coast Express, but its not cheap.
The only way a commute into the city is decent and not a royal pain in the ass, is if you can utilize the West Coast Express, but its not cheap.
#11
Account Closed
Joined: Jan 2006
Posts: 0
Re: Considering a move to Vancouver
Why not? Commuting to save a few hundred thousand on property and/or live in a more rural area would be worth it in my view. I Commuted to YVR, 90 mins each way for many years, it was no bother. There was no way I could have a property like I had in Vancouver and I did not particularly like city life.
Jumping on Skytrain or the WCE is a breeze if you live close to the line or drive to the station.
Jumping on Skytrain or the WCE is a breeze if you live close to the line or drive to the station.
#12
Joined: Sep 2008
Posts: 12,830
Re: Considering a move to Vancouver
I did it for years from Abbotsford and had no issue with it, way better than living in a big city. A neighbour had been commuting to downtown for 20+ years. Now the new bridge is in place it may get easier.
#13
Account Closed
Joined: Jan 2006
Posts: 0
Re: Considering a move to Vancouver
Each their own, I just found too much wasted time sitting in traffic that could be used more productively.
With the commute I was gone 16 hours a day from home, and it just wasn't worth it, basically paying rent to just sleep since there wasn't enough time to do anything else 5 days a week.
Plus with gas prices only going one direction it was financially a stupid idea...lol
#15
Just Joined
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Joined: Jul 2013
Posts: 3
Re: Considering a move to Vancouver
I'm not really looking to buy a house at this point so the crazy prices don't affect me too much, also I'm an Australian so I'm well used to stupid house prices
Looking online I see a fair few places in the 2-2.5k a month ballpark that I think would be acceptable to me.
As for commuting I'm pretty reluctant to do it by car I don't mind sitting on a bus or train but driving in peak hour is not a relaxing way to start your day.
How is North Vancouver for getting a bus into the CBD?
Looking online I see a fair few places in the 2-2.5k a month ballpark that I think would be acceptable to me.
As for commuting I'm pretty reluctant to do it by car I don't mind sitting on a bus or train but driving in peak hour is not a relaxing way to start your day.
How is North Vancouver for getting a bus into the CBD?