Vancouver is second most unaffordable market in the world

by |
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.  Read the full report.
  • Jerry Quigley on 2015-01-20 8:16:49 AM

    Canada looks not bad at all, especially if you take out Vancouver, which has been unfordable since 1960 but somehow people continue to flock to it. Only the USA is more affordable of all countries in the world.

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions