The wider local region also seems to have a lot of tourist draw.

I think the important takeaway is that you need to know what's going on in your local market.

Your property taxes will also be higher as you can't use the home owner's grant.There might be local RE meet ups in Vancouver area where you can go and listen to what others have to say. 

You could also consider house hacking locally.  

@Loren Souers I take it "OMNI" is a local credit union?

Networking with local real estate investor groups can also help identify lenders active in your area.

Find the best local real estate investor meetups that have no pitches and you will increase your knowledge, camaraderie, and motivation ten-fold.

I'm not sure where your market is but I could help look at land costs. we are trying to educate building to rent or building investment properties as a new strategy to just buying the garbage new builds around the country. this fits on lots as small as 3500 square feet. you'd have to check local zoning but if I had what you had that's what I'd do or at least look into it. 

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

The key difference, though, was he spent months carefully getting to know the local architecs, reputable builders, and even a couple of niche design firms that specialize in modern builds for mid- to high-end buyers.