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Mortgages

Vancouver ranks third most unaffordable housing market in study, worse than New York and London

Construction constraints are to blame for rising home prices in Vancouver and in other Canadian cities like Toronto, U.S. group Demographia says

Postmedia News

Vancouver may have just add another notch to its reputation for being pricey.

The Financial Post spoke to Canadians across the country about what it was like to live in housing markets that were in some ways very different, and some ways strikingly similar, to what we face now. Read more

According to U.S. group Demographia, Vancouver is the third-least affordable city in a study of 367 markets and nine countries around the world, and construction constraints are to blame for rising home prices there and in other Canadian cities.

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