Posted March 16, 2009 by Adam Toren in Vancouver Real Estate

East or west?

east-or-westLooking for an affordable place to live in Vancouver? Try Cape Breton, Nova Scotia! Sure it is a killer commute but you require just 2.1 times your income to afford a house there!

The income needed to afford a home in Vancouver $126,000 where Ottawa is at $63,000. Mind you the only people who want to go to Ottawa are in federal politics.

Winnipeg was the largest city to be included on the affordable list with a 3.0 median. Vancouver sits fourth on the list of least affordable cities in the world, with a median house price at 8.4 times the median income. The average median in Canada was 3.5.

Vancouver fell behind Gold Coast in Australia at No. 3, Honolulu in Hawaii at No. 2, and Australia’s Sunshine Coast, which is in top spot on the least affordable list.

What Lower Mainlanders sometimes forget is Vancouver is a destination city. People come here to honeymoon, to vacation get away from the snow and cold. Some like it so much they decide to stay.

And they tell to friends, and they tell two friends and so on, and so on and so on!

Is that Faberge I smell?

And where would a lot of us Vancouverites like to go? Well, Hawaii and Australia come to mind.

Adam Toren

Adam Toren
Adam Toren is born and raised in Vancouver BC and loves everything Vancouver BC has to offer. He loves traveling and exploring new and unique restaurants and places around the world.