Making a comparison that only works in Vancouver

Advertisement for Langara College, Vancouver City Centre SkyTrain station, Vancouver, BC

Everyone in Vancouver know that the price of real estate on the west side of the city is completely loopy. Teardowns are being sold for over $2 million dollars.

The house on the right in the illustration would probably sell for somewhere in the region of $3 to $4 million dollars.

On the other hand, many laneway houses are selling much closer to $1 million.

While most of the rest of Canada would view a $1 million  home as the height of opulence, on the west side of Vancouver $1 million would likely get you less that 1,000 square feet and no garden to speak of.

And without a post-secondary education your chances of even being able to afford the laneway house, or a more modest condominium, are very slim indeed.