"My ex-pat relatives from California drove past a 4-plex in Kits that had a For Sale sign out front, and asked for the price. They thought it was pretty reasonable – until they realized it was for only one unit."

Some Californian perspective on Vancouver RE prices. This is the kind of story that makes anecdote archives worthwhile. Thank you coco. – vreaa

This from coco at VREAA 22 Feb 2010 7:27 am -

“I had ex-pat relatives visiting from California who told me that they were thinking of moving back here. We drove past a nice looking 4-plex in Kits that had a ‘For Sale’ sign out front and they asked me to look up the price for them. I did and they thought it was pretty reasonable – until they understood that it was for only one unit. (They thought the price was for the whole building). Needless to say, they are reassessing their idea.”