The thing is, we are talking about the outer limits of the city here.
There is no levy on living in Woodbine, or Canyon Meadows, Lake Bonavista, Acadia, Willowpark, Haysboro or any of these other neighbourhoods, where, I can assure you can get a nice single family home for 300k.
The problem is you don't get a modern floor plan, granite, hardwood and all the bells and whistles you would in a new house, and people want their bells and whistles.
__________________
|