Vancouver homes more expensive than New York, London, SF. Only Sydney, HK, cost more
"Cost" in this case meaning ration of real estate to household income. Vancouver's median home price of C$602,000 ($618,000) was 9.5 times the annual median household income of C$63,100 said a study released Jan. 24. The U.S., at 3.3, was already "moderately unaffordable," according to the study, in which a factor of 3 was considered "affordable."
posted at 9:53 pm
on May. 16, 2011
