Viable to buy rental property in Vancouver, BC

[Arthur P.]

My wife & I only recently became interested in real estate investing. We've watched a ton of videos but have yet to see anyone use the sort numbers we'd encounter here in Vancouver, BC.

For example, a typical 1 bedroom apartment can cost well north of $400,000 to purchase and would bring in about $24,000/year in rental revenue.

I've used the rental property calculator on this site but of course, the numbers just don't add up. Are we out of our minds to think we can make a go of it in this market?