You are correct.

Unfortunately, most of the readers are emotionally driven. Here is a link to Tectoria job board: http://www.viatec.ca/jobs?current_page=1&sort_type=featured_recent&filter=%7B%7D&display_type=default

There are dozens of high paying jobs posted. When an experienced DB developer, let's say Oracle certified, comes, he is easily looking at significant six figure salary plus bonus and benefits. I know quite a few of these gurus paying seven figures for homes in Victoria.

Some of these guys come from San Francisco. Victoria housing is dirt cheap compared to there.

Victoria is not Vancouver. Other factors in play are affecting the housing market more so than Vancouver people.