REAL ESTATE: THE AFFORDABILITY OF CANADA’S 35 LARGEST CITIES

Thanks to Hugh Pavletich and Wendell Cox co-authors of the Demographia International Housing Affordability Survey. This table shows that Vancouver BC continues to rank as the least affordable city out of the 35 largest Canadian cities with a multiple of 10.3 times median household income required to buy a median priced house. As of Q3 2013 the 6 cities ranked from least to more affordable are: Vancouver 10.3, Toronto 6.2, Montreal 4.7, Calgary 4.3, Edmonton 3.9 and Ottawa 3.8

Read more: http://tinyurl.com/pe4bg5y