Same here in Vancouver BC and every other major metropolitan city in Canada... I bought my house 10 years ago, for a modest 600k.(good deal at the time). My n

Same here in Vancouver BC and every other major metropolitan city in Canada... I bought my house 10 years ago, for a modest 600k.(good deal at the time). My neighbour which has a lower value home (same builder, I live in his former personal home which he put more money into, larger lot size aswell) sold his house 2 months ago for 1.4million. I supposedly live in the once cheaper suburbs... I could never afford to buy into this market as a first time home buyer Average household salary is like 60k or less, heck I am in low 6 figures and can hardly afford cost of living with my existing mortgage payments (I spend about 70% on mortgage/utilities/insurance etc).