Millennials Flee Vancouver for More-Affordable Cities

The video discusses the trend of millennials leaving Vancouver due to high housing costs, moving to more affordable cities like Victoria and Kelowna. This migration is reshaping both Vancouver and the new communities, impacting economic growth and creating tech hubs. The video also highlights the challenges and benefits of relocation, cultural shifts in new cities, and personal stories of those affected by the housing market dynamics.

Why are millennials leaving Vancouver for cities like Victoria and Kelowna?

• To escape the high cost of housing

• To be closer to family

• To find better job opportunities

• To enjoy a warmer climate

What nickname has been given to Victoria due to its growing tech industry?

• Tech Town

• Tectoria

• Silicon Island

• Tech Valley

What is one of the reasons for the high housing prices in Vancouver?

• Strict building regulations

• Low interest rates

• High demand from foreign buyers

• Lack of available land

What is the average income needed to afford a mortgage in Vancouver, according to Vancity?

• $80,000

• $70,000

• $60,000

• $50,000

What is a significant benefit mentioned by those who moved from Vancouver to Victoria?

• Closer proximity to nature

• More cultural events

• Lower cost of living

• Better weather