I live on the North Shore and we looked at these units.  The idea that they are made or priced for locals is a stretch.  Of the few locals I know who did buy, I believe they are holding as long term investors not future occupants. My children are young adults in professional work in Vancouver earning better than the median wage and there is no hope they could afford to buy one of these or many of the other condos on offer.  The only locals that have a chance are money laundering by some means or long term property owners who can now cash out of big houses/lots and buy down.