Homes in the city and near subway stations or homes with a fancy view are understandably expensive.

The less rich or young people with kids went to live in the boonies or suburbs. Understandably, the boonies and suburbs eventually became expensive because the houses are big, new and attractive. People became used to living in the boonies or suburbs. 

The condo and house developers are understandably taking advantage of the people who now want to live in the boonies or suburbs by charging high prices. Same prices as living in the hip popular city neighbourhoods or hip downtown.

People worked hard, saved their money for home, had parents who gave them some money, bought home instead of wasting their time and money on stupid, useless stuff = smart people.