Not quite. Land is the main cost of buildings in the most desirable places in the developed world. In the US Pacific Northwest as an example, outside of major metro areas people will spend about 1.5-4x the cost of land on the actual structure. If you buy a $150K lot in Boise Idaho as an example it's pretty standard to then spend between $200K-$400K on the structure and landscaping.

in vancouver it costs about a million dollars for a house on a standard lot in the city. it's about a million two for a lot without a house