In 1971 my Father bought a brand new house in a brand new sub-division in North Vancouver (Upper Lonsdale). He paid $31,000. He was an assistant branch manager at a Western Canada head office of a large national insurance company (The Royal). He was making $13,000 per year ($250/week) plus a "company car" (all expenses paid). His house cost him 2.4 times his annual salary (my parents considered it well beyond what they should buy). What happened? I want that same house for 2.4 times the annual salary of a assistant manager who makes about $120,000 per year now. $288,000 please! I'll take it. Hahaha. CGNers from other parts of Canada (like Winnipeg) might not see the problem here.
Here: you should play Crack Shack or Mansion? (Vancouver real estate parody)
http://www.crackshackormansion.com/