Economics
Vancouver’s One-Two Punch Is Expensive Homes and Low Wages
- It has San Francisco-like home prices on $60,000 incomes
- Market’s slowing, but prices need to halve or wages double
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Want to pay San Francisco housing prices on a Columbus, Ohio income? Move to Vancouver.
While policymakers from Seattle to Boston lament a growing urban affordability crisis, a new study of home prices and earnings across more than 100 major U.S. and Canadian metropolitan areas shows Vancouver in an ignominious class of its own.