Thanks for the reply, they certainly are crazy times.
Things are a bit more affordable in Victoria, where I live. Most new build condos are still under $1000 per square foot downtown, though high-end units are up to $1300. Detached homes in the core (Victoria, Oak Bay, and the Victoria end of Saanich) are pretty out of reach, but there are still some reasonable prices in Esquimalt, Langford, and Colwood.
I'm in my mid 20s myself, and not quite ready to enter the market yet. I'm doing a pretty big career change, I left the Army in 2016 and am finishing my Accounting degree and pursuing a CPA. My Wife is nearly finished her PhD and has some jobs lined up, so our household income will be reasonably high in the near future. That said: I'm watching prices rise so fast I'm afraid by the time we've eliminated student debt and saved a nice down payment, those reasonable prices in Langford and Colwood will be gone.