It sure is beautiful here! But it is unfordable and comes with many problems. We live such an abundant lifestyle that it is easy to not see. Unfortunately we do tend to ignore problems and that is so evident with the careless spending for the Olympics. It has nothing to do with amateur sport and pushes all the problems aside.
Vancouver has the world's least affordable housing according to Demographia International.
Four of the five least affordable cities in Canada were in B.C.: Vancouver, Victoria, Abbotsford and Kelowna. Toronto was the country's fifth least affordable and ranked 57th in the world.
The five most affordable Canadian cities were Thunder Bay and Windsor in Ontario, Moncton, N.B., Saguenay, Que., and Saint John.
Only Vancouver and Toronto fell into the severely unaffordable market in Canada. Montreal, Edmonton and Calgary are classified as being seriously unaffordable, and Winnipeg crept from affordable to moderately unaffordable.
Australia gets spots numbered 2-4 with Sydney, Sunshine Coast & Gold Coast. They also occupy six of the top ten spots. For comparison Bournemouth, UK placed 6th and London is tied for 14th and New York and San Francisco are tied at 16th.
Download the 6th Annual Demographia International Housing Affordability Survey: 2010 here!
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