@shonuff
Yeah - the cost of living is pretty high. Especially re: taxes on the westcoast - sales / carbon / income / property taxes.
The real estate situation is definitely a mess.
I've mentioned a few times over the years just some general numbers / stats as examples.
I bought a modest place in 2009. Thought I was paying way too much. The assessed value now is essentially 2.5x what I paid for it.
My dad lives in a place which was built in the early-50s and hasn't seen an upgrade or reno in 40+ years. Needs a ton of TLC to modernize it and will probably be a knockdown once the next person or builder buys it & puts up something new and nice. His place is assessed in the low 2 million range just off of property / land.
My childhood home ... parents bought it in the early-80s. Mom sold it in 2001 for just over 300k. The next owner resold it at a loss in 2004 for approx' 197k. The home is now assessed at 1.8 million with the current owners sitting on it the past 20 years with little to no upgrades or renos. I've checked some specs online and driven by the place a few times annually over the years. Looks the same, if not worse, to when I lived there. They removed a number of trees and shrubs and it has less privacy and is more exposed. From 197k to 1.8 million in 20 years is nuts.