Quote:
Originally Posted by SleazyDream
Van is up there but I don't think it's the top - it's possible for the few months before the olymipics that happened but there will be a drop in a couple weeks cause that's a local short term phenomenon.
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It's the top
http://www.vancouversun.com/life/Van...683/story.html (posted above) and it was the top last year as well:
Frontier senior policy analyst and Canadian representative David Seymour said in an interview that the Vancouver results weren?t unexpected.
?It wasn?t a great surprise. [Vancouver] was at the top of the list last year as well, or on the bottom of the list, depending on your perspective.?
Report authors Wendell Cox and Hugh Pavletich, who based their findings on 2009 third-quarter data, said that to be affordable, housing prices have to be equivalent to approximately three years? income.
In 2009, Canada as a whole became slightly less affordable. The Median Multiple of Canadian metropolitan markets was 3.7, up from 3.5 in 2008.