Quote:
Originally Posted by Galakanokis
My company is struggling big time to fill positions, both junior and senior. We have had people from LA, NY, London and Toronto all say it is too expensive here to bring a family. We did hire a junior guy maybe making $45K a year and $1200 a month of that goes to renting a crappy apartment.
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Yeah, rents are awful. Commutes are awful. There is a bit of a talent dearth in the city that results from all of this. There is a phenomenon in this city that I call "hot girl with nice little dog." People are almost entirely single. You do not see many children in the inner-city neighbourhoods. It is a lifestyle city, and a darn nice one, but it does not have long-term prospects.
Again, it's not a NYC or a London or a Singapore or a San Francisco as there is no significant industry that will keep attracting a high turnover of young, talented people.
It's a one-stop shop for luxury living, and that can only go on for so long.
But hey, let's build more condos.