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Old 09-11-2015, 12:47 PM
 
13 posts, read 9,503 times
Reputation: 18

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Hi,

Wondering if anyone has moved out of Van City to a lower cost of living area. My DH and I are looking to buy a detached home in Vancouver. We are not able to find anything under 1 million unless we move to the suburbs, which we rather not do, but we are forced to do as the market here is too expensive. We both make decent wages, but don't want to be mortgage poor. We have two young children and we need more space than our 2 bed condo. Our condo is worth 500k bought few years ago for 400k.
My DH is originally from NS (halifax area) and we have been talking about possibly moving there for a lower COL. We would be able to buy a big old house and have a yard for kids and I could even not work. Luckily my DH job he could telecommute so he would keep his wages, so we wouldn't have to worry about the job market.
It all sounds great on paper, we could sell our condo and afford a small mortgage, have extra income, even without me working for a few years to be a stay at home mom. My DH has a large family which would be nice for our kids to have around as my family (which is only my Mom) is not nearby.
The only worries I have coming BC is worried I won't adjust to the very long tough winters and the lifestyle of a bigger city. I know will miss my friends, job and lifestyle.

Anyone move out of a high cost city to a low cost? Any regrets or advice?

Thank you-
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Old 09-11-2015, 01:02 PM
 
10,847 posts, read 11,295,185 times
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If a bigger house is all (or most) you want from life, then by all means. However, I wonder why you want to move to NS when you appear reluctant to live in the suburbs of Vancouver. Isn't Halifax is big suburb anyway?
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Old 09-12-2015, 06:01 AM
 
3,431 posts, read 3,062,217 times
Reputation: 4133
The COL actually isn't lower in NS, with the one big exception of real estate prices.
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Old 09-12-2015, 09:08 PM
 
625 posts, read 1,189,798 times
Reputation: 569
Certainly I'm seeing people leaving Vancouver for Victoria as they start families.
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