Here is another metric for grappling with the valuation disparity between Vancouver and the GTA. (Comparison Chart)
Toronto has more than twice as many billionaires as Vancouver, and more than Calgary and Vancouver combined.
Montreal has more billionaires than Vancouver and yet for the price of an average single family detached house in Vancouver you can buy 3 of them in Montreal and still have cash left over (Canada Chart).
We can guess that New York and London as Financial Centers have lots of billionaires, but who knew that Moscow ranks 2nd?
According to the Knight Frank Study, Moscow barely makes the list as a target for High Net Worth Individuals appearing only on the Political Power List at 9th place.