Not only is the rent too damn high, housing prices are as well. But where is the situation the worst? The usual suspects — New York, San Francisco, Vancouver — top the list, but where else are things bad?
This chart from real estate firm Point2Homes ranks cities by their “median multiple” — the median home price divided by median household income. Take Vancouver, which tops the unaffordability list and has a median home sale price 17.3 times higher than the median household income:
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
