You can replace Vancouver for Montreal and you'd have the same thing.

In Montreal we laughed for years at the 1M$ shack or mansions in Vancouver, but now in Montreal an average house is also 1M, it was like 500k 5 years ago. There is something like 3000 empties condos too in Montreal, maybe 10000-12000 airbnb too, and 25-34yo people especially those with spouse/children are leaving Montreal en masse.

It is completely fucked up right now. Rent also doubled. People on minimum wage are making ~2k$/month, an average rent is 2k$/month.

Let's not talk about an average new car at 65k$ and an average used car at 36k$