Yes, my Larrivee wasn't what I would consider a cheaper guitar, I think I paid around $1,300 new for it back then. It was easily half the price of a comparable Taylor or Martin, though.
I think what Gustabo was saying is that the name Larrivee is not as well known and on the used market you can find them priced much less because of that. I know that I will occasional see one in the $600-700 range and wish I had some bucks lying around to snag it.
I originally wanted an OO model, but the L projects a little nicer and has a really balance projection nice for recording. It is a slope shoulder, much like J45.
Larrivee is a Canadian builder as well.