09/02/2026
A 1946 Vancouver Sun classified page came across the desk this week.
Building lots inside the City of Vancouver. $250 near Renfrew. $375 near 45th and Manitoba. $1,650 for a corner lot near 52nd and Granville.
Minimum wage that year was about 35 cents an hour. A labourer could buy a serviced city lot with four to six months of gross pay. That same corner is roughly $3M today.
In 1946 land was cheap and the house was the expensive part. Today it is inverted. Land is most of the finished value from Vancouver to Whistler, and the construction budget gets squeezed to make anything work on paper.
The ad said it best. "Such lots are scarce."
Some things do not change.