But since you are in Vancouver, do what most people new homeowners do, make your money in Hong Kong or Dubai and they come back to Vancouver (if you want) and pay it all in cash!!!
But seriously, Vancouver is an exception to the rule, I think they use different metrics over there (like Quebec, but in the opposite direction).
Here is a house I found in Van
http://www.realtor.ca/propertyDetails.a ... -123275113
Its 525k (land transfer tax --- which in AB is like 1k but BC might be like 16k!!!)
Try budgeting for 550k and 100k down
Monthly: $ 1725 at 3% over 35 years (that's being generous).
So lets assume the metrics are generous and allow 40% of pretax income you need $4300/month or 51k a year.
Best advice is get 2 incomes find a nice Asian sugar momma!!! There are a tonne in Vancouver
Avoid their credit card, cell phone, internet, home phone and cable services at all costs!
Use your antenna and get FREE HDTV over the air instead of Robbers cable.
--- Yet another Robbers rate increase
http://www.digitalhome.ca/2011/01/roger ... march-1st/
--- Even worse in 2012