[walrus01]

Depends where the private island is. There's definitely people with private islands in the Broughton archipelago, and other areas in between Vancouver Island and the Sunshine Coast/BC Mainland, where the assessed value of the small island + home is less than a dumpy old 2BD house in East Vancouver.

If I had $1.25m in a bank account right now I could go write a check for a crappy early 1970s vintage Vancouver Special, on a narrow lot somewhere off Fraser Street in east van, or for a 3000 sq ft craft built house on a private island with its own off grid power system. Not talking about places with their own airstrip. Islands small enough to be accessible by boat or floatplane only.