This is the kind of shack you will get in Vancouver for around the one million dollar price tag:


Vancouver housing prices are usually evaluated on the cost of the land and many buyers will tear down the old houses and build new - making the end value more like $3-5 million than 1.1M
Money is a funny thing - for plenty of people $1M to invest in home is very little. Most of the 'middle class' don't buy houses in Vancouver - they go to the suburbs to buy ...or they rent.
I live in Maple Ridge - which is about 45km east of Vancouver....or about 1.5 hours drive in average daily traffic (but that's another story all together). Average house price in Maple Ridge is more like $480k
I wouldn't live in Vancouver if someone GAVE me the house AND the $1.1 Mil....but that's just me.