It's even more depressing in the larger Canadian cities. In Greater Vancouver the average price is 1.47M, in Calgary (which is in the midst of a recession) the average price is still 457000 (and good luck finding a decent job), in the GTA it's 602000 and over a million in Toronto proper. The only affordable 'big' city is Montreal, and even smaller markets with few jobs are far more expensive than an equivalent sized market in the US.