Vancouver ranks 3rd in the 2017 Demographia International Housing Affordability Survey, down one spot from 2016 when it was second. It's the 13th edition of the report, which links median house prices to median household incomes otherwise known as the "median multiple." A graph from the Demographia housing affordability 2017 study, showing Vancouver's run away housing prices over a 13 year period. It notes the top 10 most unaffordable cities as:China, Hong Kong, 18.1 Australia, Sydney 12.2 Canada, Vancouver, B.C. He is with the New Zealand Initiative, a think-tank focused on housing affordability.

Source: CBC News January 23, 2017 04:43 UTC