"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
Permalink