Vancouver has world's least affordable housing

Below is a CTV.ca nes report:

A new report says Vancouver has the world’s least affordable housing, and blames land-use policies designed to limit urban sprawl.

The Demographia International report released Monday looked at 272 metropolitan markets in Canada, the U.S., the U.K., Australia, New Zealand and Ireland and calls on governments to allow more housing to be built on the fringes of urban areas to help keep costs down.

The report also classified Toronto and Montreal as being severely unaffordable, and seriously unaffordable, respectively.

But Vancouver was deemed the most unaffordable market in the world last year when median housing sale values were compared to median household incomes.

Read the full story here.

Vancouver West Homes

Some of the most expensive homes in Canada are located in Vancouver West. Only the rich and wealthy can afford multi-million dollar homes in Shaughnessy, Point Grey, South Granville and other surrounding neighborhoods. You can view homes by price range using the links below: