Vancouver has developed a stink among first-time home buyers.

Recent statistics released by RBC Economics found that Vancouverites dedicate a whopping 45 to 93 per cent of each paycheck towards home payments. It did not come as a surprise to locals when the city was named by RBC as "the least affordable in Canada in the second quarter of 2012."

While the city has earned a reputation for dominating Canadian "most expensive houses for sale" lists, asking prices for average homes remain a dealbreaker to many first-time buyers.

Recent tightening of mortgage restrictions have made these difficult times for first-time buyers vying for a piece of property on some of "the most expensive land in Canada.'

Though the price may close the sale of a small dusty apartment with aged carpeting and jaundice walls in the city's eastside, a $300,000 offer will not buy any a single detached home in Vancouver proper. Owning a home is just not in the cards for many here.

Perhaps it's time to look beyond the Lower Mainland to other, cheaper, parts of the province.

The Huffington Post B.C. used $300,000 as a baseline amount to evaluate the scope of real estate options available to first-time buyers with similar budgetary constraints.

From a 765 sq foot apartment in Vancouver to a home on five acres of land in Smithers, to houseboats, new developments in locations as south as Surrey to as north as Dawson Creek, plum offers exist to those willing to relocate.

Here is a list of what real estate $300,000 can buy in B.C. for August 2012.

Loading Slideshow...
  • Vancouver - $299,999

    #302-2333 ETON ST Building Type : Apartment Bedrooms : 2 Bathrooms : 1 Floor Space : 765 sqft Storeys : 1 Built in : 1988 Title : Condominium/Strata Maintenance Fees : $287.53 Monthly

  • Vancouver - $299,999

    #302-2333 ETON ST

  • Vancouver - $299,999

    #302-2333 ETON ST

  • Vancouver - $199,999

    1640 KENT AV Building Type : House Bedrooms : 1 Bathrooms : 2 Floor Space : 860 sqft Storeys : 2 Built in : 1993

  • Vancouver - $199,999

    1640 KENT AV

  • Vancouver - $199,999

    1640 KENT AV

  • Richmond - $299,900

    #3-8400 COOK RD Building Type : Apartment Bedrooms : 1 Bathrooms : 1 Floor Space : 607 sqft Storeys : 1 Built in : 2010 Title : Condominium/Strata

  • Richmond - $299,900

    #3-8400 COOK RD

  • Surrey - $300,000

    #A4-19296 72A AVE Building Type : Row / Townhouse Bedrooms : 3 Bathrooms : 4 Floor Space : 1298 sqft Storeys : 3 Built in : 2012 Title : Condominium/Strata

  • Surrey - $300,000

    #A4-19296 72A AVE

  • Surrey - $300,000

    #A4-19296 72A AVE

  • Whistler - $299,000

    #6-2720 CHEAKAMUS WY Building Type : Row / Townhouse Bedrooms : 1 Bathrooms : 1 Floor Space : 668 sqft Storeys : 1 Built in : 1998 Title : Condominium/Strata

  • Whistler - $299,000

    #6-2720 CHEAKAMUS WY

  • Whistler - $299,000

    #6-2720 CHEAKAMUS WY

  • Prince George - $299,900

    3049 RIDGEVIEW DR Building Type : House Bedrooms : 4 Bathrooms : 3 Floor Space : 2274 sqft Storeys : 4 Built in : 1977 Land Size : 0.28 ac Title : Freehold

  • Prince George - $299,900

    3049 RIDGEVIEW DR

  • Prince George - $299,900

    3049 RIDGEVIEW DR

  • Kamloops - $299,900

    814-15 HUDSONS BAY TRAIL Building Type : Row / Townhouse Bedrooms : 3 Bathrooms : 3 Floor Space : 1904 sqft Title : Freehold

  • Kamloops - $299,900

    814-15 HUDSONS BAY TRAIL

  • Kamloops - $299,900

    814-15 HUDSONS BAY TRAIL

  • Kelowna - $299,900

    1881 Ambrosi Road # 10 Bedrooms : 2 Bathrooms : 2 Floor Space : 1174 sqft Storeys : 2 Built in : 2012 Land Size : under 1 acre Title : Condominium/Strata Maintenance Fees : $121.74 Monthly

  • Kelowna - $299,900

    1881 Ambrosi Road # 10

  • Kelowna - $299,900

    1881 Ambrosi Road # 10

  • Nelson - $309,000

    304 HIGH ST Building Type : House Bedrooms : 3 Bathrooms : 1 Floor Space : 1148 sqft Storeys : 2 Built in : 9999 Land Size : 0.163 ac

  • Nelson - $309,000

    304 HIGH ST

  • Nelson - $309,000

    304 HIGH ST

  • Cranbrook - $299,900

    203 S 8TH ST Building Type : House Bedrooms : 4 Bathrooms : 3 Floor Space : 2170 sqft Storeys : 1 Built in : 1994

  • Cranbrook - $299,900

    203 S 8TH ST

  • Cranbrook - $299,900

    203 S 8TH ST

  • Abbotsford - $302,900

    #11-31255 UPPER MACLURE RD Building Type : Row / Townhouse Bedrooms : 3 Bathrooms : 2 Floor Space : 1186 sqft Storeys : 2 Built in : 1992

  • Abbotsford - $302,900

    #11-31255 UPPER MACLURE RD

  • Abbotsford - $302,900

    #11-31255 UPPER MACLURE RD

  • Prince Rupert - $299,000

    1541 OVERLOOK ST Building Type : House Bedrooms : 5 Bathrooms : 3 Floor Space : 2300 sqft Storeys : 3 Built in : 1968 Land Size : 0.229 ac

  • Prince Rupert - $299,000

    1541 OVERLOOK ST

  • Prince Rupert - $299,000

    1541 OVERLOOK ST

  • Smithers - $309,500

    4314 JACKPINE RD Building Type : House Bedrooms : 5 Bathrooms : 2 Floor Space : 2434 sqft Storeys : 4 Built in : 1996 Land Size : 5 ac

  • Smithers - $309,500

    4314 JACKPINE RD

  • Smithers - $309,500

    4314 JACKPINE RD

  • Kitimat - $299,000

    96 ANDERSON ST Building Type : House Bedrooms : 4 Bathrooms : 3 Floor Space : 2300 sqft Storeys : 2 Built in : 1974 Land Size : 0.186 ac

  • Kitimat - $299,000

    96 ANDERSON ST

  • Kitimat - $299,000

    96 ANDERSON ST

  • Victoria - $299,900

    304-751 Goldstream Ave Building Type : Apartment Bedrooms : 2 Bathrooms : 2 Floor Space : 1030 sqft Built in : 2010 Land Size : 1113 sqft View : City view Title : Condominium/Strata

  • Victoria - $299,900

    304-751 Goldstream Ave

  • Victoria - $299,900

    304-751 Goldstream Ave

  • Nanaimo - $299,900

    1691 NAIRNE ROAD Building Type : House Bedrooms : 4 Bathrooms : 2 Floor Space : 1870 sqft Built in : 1967 Land Size : irregular Title : Freehold

  • Nanaimo - $299,900

    1691 NAIRNE ROAD

  • Nanaimo - $299,900

    1691 NAIRNE ROAD

  • Cortes Island - $279,000

    1411 ROBERTSON ROAD Building Type : House Bedrooms : 2 Bathrooms : 1 Floor Space : 1116 sqft Built in : 1975 Land Size : 2.71 ac Title : Freehold

  • Cortes Island - $279,000

    1411 ROBERTSON ROAD

  • Cortes Island - $279,000

    1411 ROBERTSON ROAD

  • Dawson Creek - $279,000

    1552 109 AVE Building Type : House Bedrooms : 4 Bathrooms : 2 Floor Space : 1100 sqft Storeys : 1.5 Built in : 1962 Land Size : 73 X 130 Title : Freehold