https://ca.finance.yahoo.com/news/va...130418917.html
The highest housing and everyday living costs combined with the lowest median income in Canada is a deadly combination. There is nothing auspicious about the state of RE in Vancouver. With the provincial and municipal governments desperately needing more money for everything as many critical governmental agencies are running deficits, the cost of living are surely only going to go up in Vancouver.
At the end of the day, you need good jobs with good income to support the gargantuan housing costs; and Vancouver just isn't a fertile ground that attract a lot of innovative business. The plethora of businesses we have are mostly centered around resources extraction which are is in a major slump given how far commodity prices have dropped this year, and it doesn't appear these companies will get any respite due the structural slowdown in China which is their biggest customer for the past decade.
Moving to burbs doesn't get to the root of the problem as you have to contend with the extra travel time and stress. Allan Pulga made the right decision and that is to: Move.