Macdonald Realty Ltd
#6 - 20691 Lougheed Hwy., Maple Ridge, BC
P: 604-467-3871
F: 604-467-0584
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Tuesday, January 24, 2012 - Vancouver - 2nd Most Expensive in the World
Vancouver displaced Sydney as the least-affordable housing market after Hong Kong among large English-speaking cities, as home prices rose faster than incomes, a study of 325 metropolitan areas worldwide showed.
Vancouver’s median home price of $678,000 in the third quarter was 10.6 times its median pretax household income of $63,800, making the city “severely unaffordable,” Demographia said in a report today. A ratio of 3 or less is considered “affordable,” according to the public-policy firm’s survey of markets in Australia, New Zealand, Ireland, the U.K., the U.S., Canada and Hong Kong.
THE GLASS IS HALF FULL! Vancouver is ranked #11 as top investment City in B.C. but....
Maple Ridge & Pitt Meadows are ranked #2 top investment Cities in B.C.
in 2011 by Real Estate Investment Network
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