You'd be surprised at the house prices in Toronto or Vancouver (2 of the top tech cities in Canada). Yes, we're undergoing a housing bubble here, but $1M is th

You'd be surprised at the house prices in Toronto or Vancouver (2 of the top tech cities in Canada). Yes, we're undergoing a housing bubble here, but $1M is the average price of a detached home in Vancouver...and that's for a 50+ year old hunk of junk (or 'crack shack' as we call it here). One of the reasons that the housing bubble is starting to pop in Canada is that the incomes can no longer support the housing prices. We tend to have lower incomes than the US, but our houses are more expensive, cost of living is here, higher taxes, goods are more expensive, etc etc. I wonder if SV incomes are higher simply because people expect them to be higher, or maybe there are more fundamentals to it.