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The 12th Annual Demographia International Housing Affordability Survey
As of the 3rd quarter of 2015, Vancouver’s price-to-income ratio (house price divided by household income) was 10.8, for a severely unaffordable rating. Only Hong Kong and Sydney had more unaffordable housing. The Demographia Survey rates housing affordability in 368 metropolitan markets in 9 nations on a scale from “affordable to severely unaffordable”. Results found 9 Canadian markets among the most affordable. Findings also included: Vancouver, 3rd “Least Affordable", Toronto was designated as “Severely Unaffordable."