What a silly article. The TO and YVR markets are likely to go down significantly over the next several years as interest rates slooowly increase. The reason for the current bubble is ultra-cheap money, allowing people to borrow way much more than is healthy. This will all be going away.

 I'd much rather have a 400,000 dollar house (paid for, as I do) and a >1 million portfolio of income and growth stocks than a 1.5 million dollar house. Too many eggs in one basket, and too many associated costs such as high property taxes. And no, it's not that hard to make a good return in the stock market if you're not overly stupid and emotional.