The out-of-control prices comment is not ridiculous. I also think people probably don't save as much as they should for a down payment (and not just in Vancouve

The out-of-control prices comment is not ridiculous. I also think people probably don't save as much as they should for a down payment (and not just in Vancouver), but even if they did it is hard to look at home prices in Canada and not think we also have a bubble of our own waiting to pop. Our average household income grew at a much slower pace than real estate prices over the last ten years (adjusted for inflation the growth is virtually flat or negative for some professions), and our debt has increased considerably. This is not sustainable over the long term. I mean, the average home price in Vancouver is what, 600K? This is definitely out of control in my book.