A good reason to not live in Vancouver
I didn't realize that there was this dramatic a difference between housing costs in Greater Vancouver and those elsewhere in Canada:
Greater Vancouver continued to have the least affordable housing in Canada, despite moderating price increases. RBC says it takes 70 per cent of pre-tax income to service basic ownership costs (including mortgage payments, utilities and property taxes) for a two-storey home in the region.
The measure for a detached bungalow in Greater Vancouver was 68 per cent, far above second-place Toronto, where it takes just 43 per cent of pre-tax income to service ownership costs.
(from the Vancouver Sun)