Vancouver Housing Market - Still Affordable?
April 26th, 2006Greater Vancouver's superb quality of life - it's scenic beauty, moderate climate and high level of services - make it the third best place to live in the world and the best place in Canada.
That's according to a new quality of life survey by Mercer Human Resource consulting, which measured 39 indicators including health, education, climate and availability and quality of houses in 215 cities. Only Zurich and Geneva ranked higher.
A shortage of buildable land and product, coupled with demand has lead to higher home price appreciation.
Is this making Vancouver unaffordable? Right now, the benchmark price of detached home in Greater