Vancouver has crept up the ladder of unaffordable cities around the
world, with the median house now costing almost eight times the median
income here. An international study of housing
affordability done by Demographia places Vancouver as 13th worst in the
world for affordability -- up from 15th last year -- since it takes 7.7
times the median income of $58,100 to buy the median house at $448,800.
This year's study also included Victoria for the first time, ranking it
at 23rd among the 25 most unaffordable housing markets in the world.The



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