Hello Campbell,

Your narrative is amusing, the Vancouver annual income of $100,000 buying the $1 million dollar house.

Um, good luck with that.

Indeed, let me know when:

1. You find the Vancouver bank that will offer you a mortgage for ten times your gross annual income and

2. You find it likely that a person on a $100,000 income will be able to save, in a timely fashion, the roughly $400,000 down payment required for a bank to give you the mortgage (CIBC requires 20% down on any house a million and up, but would require more on such a small income)... especially given Vancouver's high rents and high cost of living, the setting in which the needed saving would need to be done...