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The Galway Group
Coldwell Banker Tri-Tel Realty
22519 Dewdney Trunk Road, Maple Ridge, BC
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Sue Galway
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Anny An 安玉人
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Mellissa Galway
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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.

Read more: http://www.vancouversun.com/news/Vancouver+displaces+Sydney+second+most+expensive+housing+market+well+known+survey/6038069/story.html#ixzz1kPCh1byT

 

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
 

posted in News at Tue, 24 Jan 2012 11:33:15 -0800



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