Congrats on making like a lot of money.
For my lifestyle, I decided the suburbs work. You can get a lot of house on a small lot, and since it's Calgary and we spend lots of time indoors, that works for me.
I lived in Vancouver. It's a culturally great place, and the landscapes are beautiful. After two years, the greyness and rain started to weigh on me and I left. At least in Calgary, when there is snow it's sunny and you can go do winter activities.
EDIT: Just saw you want kids. Calgary suburbs are tailor made for kids.
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