Vancouver ranks as the least affordable city for homeownership in Canada and is the fourth least-affordable globally, a recently released report on housing costs suggests.
The international report, conducted by the Center for Demographics and Policy at Chapman University in California and published by the Frontier Centre for Public Policy, studied housing costs in the third quarter of 2024 in major cities across eight nations. It found that the least affordable market was Hong Kong, followed by Sydney, San Jose, and Vancouver.
Toronto was also highlighted in the report as being among the cities with the least affordable housing. While Canada’s largest city didn’t make the top 10 list of the most unaffordable cities in the world to live in, it wasn’t far off. Of the 95 major housing markets analyzed, Toronto was identified as the 12th least affordable….