Hong Kong and Sydney are the only cities in the world that are more unaffordable than Vancouver. That’s according to Demographia International Housing Affordability Survey which ranked 87 major metros using data from Q3 2015. The survey denotes any city where the median home price is more than 5.1 times the median pre-tax income as unaffordable. Vancouver has a median multiple of 10.8.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: