VANCOUVER—Vancouver, Richmond and Burnaby has been identified as the top three cities with the biggest gaps between median income and the income required to afford home prices, new data shows. Vancouver tops the list in a survey conducted by real estate data website Zoocasa: its gap between actual and required income required is $98,000. ( Jesse Winter / Star Metro )The study shows that a six-figure income is needed in most Metro Vancouver municipalities to afford homes except for New Westminster, where the required income is $96,000. Vancouver tops the list in a survey conducted by real estate data website Zoocasa: its gap between actual and required income required is $98,000. ( Zoocasa )Zoocasa obtained average home prices sold for each region in October from the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Vancouver Island Real Estate Board, South Okanagan Real Estate Board, BC Northern Real Estate Board and the Canadian Real Estate Association.

Source: thestar November 08, 2018 08:12 UTC