Granted if you want to buy a house, Australia (especially Sydney) is expensive for a bunch of reasons (negative gearing etc). But Toronto is still more expensive than Melbourne and Vancouver is much more expensive.
For comparison, that is the cost of renting a one bedroom condo (downtown) in Toronto:
* https://rentals.ca/national-rent-report
* https://dailyhive.com/toronto/monthly-rent-predictions-toron...
Vancouver salaries are also lower than almost all of Canada's metros, while having the highest property costs. Vancouver also has the best weather. The Canadian metro with the best opportunity and lowest comparative costs is Montreal.
You have only 30 million people, living on an island continent the size of the United States. And is the country with probably the longest warm water coastline on the planet.
Something like 85% of the population lives within 50km of the coastline.
Not that you actually own that property value in Vancouver. If you run away and go work somewhere else for a year, and don't rent it, you owe Vancouver a hefty empty home tax.
