According to this piece in the Vancouver Sun, more Canadians are leaving BC than moving to it.
In fact according to BC Stats 2,234 people moved away from the province in the last three months of last year alone.
Why are people leaving BC?
That’s up for debate, but basic economics probably has some effect.
Large mortgages are a scourge, seriously limiting what folks can do on other fronts to enhance their lives.
Indeed, onerous mortgages probably are the reason British Columbians have so much non-mortgage debt.
It now takes 82.3 per cent of typical household income to purchase a detached bungalow in Vancouver, according to Royal Bank figures released last week.
Read the full article here.