Vancouver has been identified as one of the most unaffordable cities in the world in a study of major property markets.
Studying and ranking property markets in Canada, US, UK, Australia, Japan, China (Hong Kong), Singapore, Ireland and New Zealand; this year the Demographia International Housing Affordability Study concluded that following Hong Kong, Vancouver is the second most unaffordable city.
While Vancouver is the only Canadian city to reach 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, as well as Windsor, Ontario, and Charlottetown, PEI.
Click here for the full report.