[BDGC]

A typical home in Vancouver BC is $1.4M[0], so if anything it's an understatement.

[0] http://www.cbc.ca/beta/news/canada/british-columbia/vancouve...

[darkstar999]

Wow. This is what happens when it's too easy to borrow money.

[dmix]

Possibly, but only easy to borrow money to buy homes...rather than build more homes, otherwise that'd drive prices down.

[titanomachy]

There's lots of development, but it takes time to see the effects of that. The recent spike in prices has been extremely fast, up by 20% in 2015. Also, the city has to approve any increases in density, which doesn't happen overnight. Faster than silicon valley, though.

[jannotti]

Which still qualifies as "misleading"