I thought housing prices here in Vancouver were crazy but a fellow in New York city just bought a taxi license for $360,000 USD. That would be about $470,000 CDN. That would buy a townhouse here in downtown – albeit a small one. Or at least a 1-2 bedroom condo. Of course there is no real comparison unless the two are used as revenue generating assets. I don’t know what a taxi can generate in a month but it’s probably more than the $2000/mo you can get for the condo.