@ur2cy: Exactly!

And this is where things become very problematic. The Lower Mainland and now the GTA have become so hostile for young families that they are unattractive to even young 1%er households, who can do better elsewhere. These are scientists, engineers, lawyers, doctors, etc. who can do well elsewhere - and whose services might be essential for the region. In terms of personal finance, these are the LAST young people who we should be worried about. But even they are negatively affected by this situation - now imagine how much harder it is for every other younger family.

And when you realize that the high prices have been engineered by government policies related to easy access to debt and facilitation of citizenship of convenience (i.e. when you realize that governments have CHOSEN to have these high prices), that's when it's worth getting mad. (And when established folks benefiting from this mess lecture you about it being a free market, that's when you laugh.)