inner-harbour

Why British Columbia means Bring Cash?

I have lived in beautiful Victoria, BC for nearly 8 years but the cost of living keeps going up and up.

What the rest of the Canada doesn’t realize is the extra cost we pay to live on Vancouver Island, which is why British Columbia should be called Bring Cash.

Some of the extras adding up:

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  • Foot passengers travelling on BC Ferries between mainland B.C. and Vancouver Island will now pay $1.85 more than five years ago.
  • In Metro Vancouver, every litre of gas pumped costs an extra two cents and tax that will help pay for the Evergreen Line.
  • In Victoria, the price of both conventional monthly passes and those for the handyDART system has risen from $82.50 to $85, while cash fares will remain the same.
  • BC will face another cost hike as a carbon tax increase is planned for July 1.
  • BC hydro rates are jumping by about $60 per household per year. This is an increase of 7%.

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Am I complaining too much about living here?

7 thoughts on “Why British Columbia means Bring Cash?”

  1. I hear you on the high cost of living in BC. It’s especially rough being beside oil-rich Alberta where they don’t need provincial tax revenue. I’m sure their government isn’t hiking up the prices of everything either. We do pay a hefty price to live in a great province. I just couldn’t imagine living somewhere else though.

    1. Jeremy,

      I agree with you – with the reduction of tax revenue the province needs to make up the excess somewhere.

      It just bothers me the excess waste that I see, especially here in Victoria, the capital.

  2. First to reply to your question, yes you are complaining too much! 🙂

    Seriously though, as a fellow Vancouver Islander, I feel your pain. I just don’t understand BC Ferries. I think they need to hire someone who’s passed Econ 101. No matter the product being sold, at some point raising the price actually decreases, not increases, revenue because of demand suppression. I think BC Ferries passed this point a year two ago, yet it keeps raising fares. I’m really mystified by this…

    I’m an advocate of totally free ferries, at least for foot passengers. Just think what an economic boon that would be for Vancouver Island!

    1. Kurt,

      Great to meet another personal finance blogger in BC.

      I know I complain too much!

      These fare increases really make people not want to come to the island.

      Free fares for foot passengers makes sense – derive more revenue from selling them other services.

  3. No, don’t move to Victoria BC to live from Edmonton, Calgary, Regina, Saskatoon, Toronto, Ottawa, Montreal, Quebec City and any other cities. Victoria personifies BC, the cheap slave wages, low prosperity prospects, slow dull boring social life, slow dull boring people, and the high living costs compared to low wealth savings. The cheap wages and jobs along with too many taxes, fees, levies will squeeze you dry at both ends. It is ok to vacation in Victoria in small doses. Look up all the mostly negative comments about Victoria from other people and even some of the locals or you will be sorry (Topix.com). You will be giving up your goals and dreams, prosperity for the sake of a little beautiful environment. You can do it only if you are rich and free from work issues. For many people the hidden dirty truth is painful and disappointing.

  4. When comparing Victoria to Calgary, I think you need to look again. Calgary has people moving into the city from all over the world in droves. The prices of real estate have over reached the job opportunities here. Houses are literally twice as much as Victoria with 1/30th of the land available. You pay close to $1 million for a cookie cutter house where you can reach out and touch your neighbours house from your bedroom window. Highways can’t keep up with the traffic volume and you spend 45 minutes when it used to be ten to get around. Groceries are ridiculous (didn’t used to be three years ago) and kids activities are literally twice what we’ve compared to in Victoria for the same service. They know there are mostly dual income young families here and they charge more because they know they can.

    If you are in the oil and gas field it is worth it for the opportunities. If you’re not, you will be frustrated by their 9 weeks of paid vacation, their high wages, and easy hours. And, you may wonder what was the point of your education and specialty when all you look at 10 months a year is brown patches of land between cement and highways.

  5. Victoria BC is weather warm but cold in your bank account, social life, and sense of being rip off, and scammed at every turn. Living below your potential in a gilded prison cage of Vancouver Island is frustrating. Yes, read all the comments on Victoria BC Canada on http://www.topix.com, http://www.ratemyemployer.ca, http://www.yelp.com, http://www.thedirty.com, Yahoo Answers. Learn from the prospectives of staff, customers, and ordinary people for the big picture.

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