That's why I had to move out of Vancouver. It's NUT'S and was even 4-5 years ago... I bought a place out in Port Moody and love it. I've friends out in Burnaby who have slightly more expensive home (but smaller and older then mine) and a shorter commute to work... but I really enjoy my home out here. Not that it's a steal, but for about $750k you could be living in a 1-3 yr old parklane home in port moody... sounds like that's only $250k above what your place is worth now?
If we did that, we'd need two cars. Work in the computer sector usually means your job is not near a West Coast Express station. Five years of car payments would be $710 a month at 2% financing. I'd estimate that fuel would cost somewhere between $500 and $600 a month. Then there's maintenance. We don't have kids in child care yet, but, when we do, we'd have to pay extra for the length of time we'd be away. So I'm figuring we'd be spending $1500 or more a month just to live in suburbia. And I'd imagine we'd end up spending a lot on conveniences to make up for the lack of time we'd experience. It's not worth it to us to have 2 hours a day less with our family. And we believe in green living, which would be very difficult if we had to drive everywhere. If we stay in the city, there's great transit and everything we could want is within walking distance. And we could rent out the basement, as friends of ours are doing and planning to do, so it wouldn't cost much more than it does now.
Don't get me wrong. Port Moody is a lovely place.