Vancouver is third most unaffordable global city

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.

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