Yeah, I know. It goes from “impossible luxury” to “barely affordable” as you go from downtown towards the edges of the metro region. Just saying that it’s not surprising for Vancouver that those prices are so jacked up.
It may surprise those who don't live here that 80% of Vancouver proper looks like a sleepy suburb of detached single family homes. It is mostly detached homes here. Even a townhouse can take a decade to build due to NIMBYs.
It's not an enormous hurdle for folk that already own a home, but it creates a huge barrier to entry. You can get in for less but then you get to waste obscene amounts of money on PMI. Literally just throwing money into someone else's pocket for no return.