Vancouver is second most unaffordable market in the world
Vancouver has been identified as one of the most unaffordable cities in the world in a study of major property markets. The Demographia International Housing Affordability Survey studies and ranks property markets in Canada, US, UK, Australia, Japan, China (Hong Kong), Singapore, Ireland and New Zealand. Its findings for this year rank Hong Kong as the most unaffordable followed by Vancouver. While it is the only Canadian city in the top 10 Victoria, Toronto, Kelowna and Fraser Valley are also listed as unaffordable. Among the most affordable in the study are the New Brunswick markets of Moncton, Saint John and Fredericton, Windsor, Ontario and Charlottetown, PEI.