Demographia has produced their fifth annual International Housing Affordability Survey and British Columbia has come out on top...of the list of "Severely Unaffordable Housing Markets" - the most unaffordable classification.To be fair, Australia actually holds three of the top five spots on the list. Canadian cites are ranked four times in the top 25 least affordable housing markets and all four are from BC; Vancouver (4), Victoria (7), Kelowna (19), and Abbotsford (25).
To all the condescending Torontonians who enrage us by refusing to accept that they do in fact live in a place that is remarkably affordable by comparison, it is interesting to note that no other Canadian city made the top 60 list. Toronto, Mississauga, Richmond Hill? All more affordable than Toowoomba, QLD, Australia.
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The Complete Report (PDF)
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