Hello Sherry,

In that year 1902 to which you allude, a typical family had one breadwinner - one adult working at a paid job - and on that salary, was able to buy a house in the city where the local job was held, at a price of between 2 times and 5 times the average annual local income. In Vancouver. In Toronto. In Victoria.

That held for decades. In the mid 1980s you could buy houses in Vancouver for under 100 thousand dollars.

Today, with both parents working full time, the dream of owning a house is dead. "All those Asians" you mentioned have pushed little Vancouver houses to two million dollars a pop, dozens of times the average annual local income.

So let's take your logic further. At your preferred trajectory, small houses in Vancouver and Toronto and Victoria and Brampton and Richmond will cost 5 million dollars by 2020, and cost ten million dollars by 2024. Yay! That's awesome for local workers in Canada with young families, Sherry.

Yes, what a blessing for our economy...