[UFO]

Originally Posted by originalhypa

Your logic is flawed.
Most of the complaints in Vancouver aren't about getting a Rolls. It's about not being able to afford living in the city that you grew up in because it's turned into a part time playground for the wealthy.

Give your head a shake, then read this.

It takes 23 years to save for a down payment in Metro Van, says study | Globalnews.ca

No sense in using an average home price north of $800k, as mentioned it is skewed by the multi millions that detached houses are fetching. Plenty of easily affordable homes in Vancouver proper from $300k and up, even less depending on area. This is what first time home buyers enter the market with. But if you're picky about size, finishes, area, as one should be with such a big purchase, just understand that this will cost you more.

Nobody 'should' be able to buy where they grew up for the sole reason that they grew up there...

Originally Posted by EndLeSS8

Thanks for the insight guys, much appreciated

Right now my wife and I are renting a separate apartment from my in-laws, so we have a place to stay.

I am not familiar with all of this, but I know that my new place to be built (the 2017 one near Metrotown) was sold out quite fast.

You could always ask for more than they offered, see where that goes. Don't view it as making an easy $80k because you will in all likelihood spend at least that if not more to get into something comparable. So you've gained nothing but more work for yourself, opening yourself up to bidding wars, and worrying if you'll get something at your set budget.