In an editorial the Vancouver Sun says the best way to afford a house in Greater Vancouver is to buy a house far outside of Greater Vancouver:
That being said, RBC’s average price of a standard two-storey house of $843,300 may understate the case because there is virtually nothing detached on the west side for under $1 million and it’s slim pickings on the east side as well. Indeed, the Real Estate Board of Greater Vancouver says its benchmark price for all single detached homes in Metro Vancouver is $902,000. However, anyone prepared to commute can buy a lot of house nearby at prices far below those in the city. Detached homes can be had for just over $500,000 in Squamish, less than hour’s drive from downtown Vancouver; and $360,000 in Mission, at the end of the West Coast Express line. There are also bargains – relatively speaking – in Tsawwassen, Coquitlam, Langley and Surrey and other Lower Mainland communities.
How much are they being paid to publish this crap? Here’s the full Advertorial.