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Vancouver is cheating; it's one of the most expensive cities in N. America. Not Canada -- all of North America. https://www.vancouverisawesome.com/local-news/
by red-iron-pine 3y ago
Vancouver is cheating; it's one of the most expensive cities in N. America. Not Canada -- all of North America.
https://www.vancouverisawesome.com/local-news/vancouver-ranks-3rd-most-expensive-city-in-north-america-5490661 https://www.vancouverisawesome.com/local-news/vancouver-rank...
Vancouver, especially, has not seen salary gains in keeping up with the housing market. It is explicitly, unambiguously, huge amounts of foreign money. The housing prices in greater YVR correlate to foreign issues in China like Xi's crackdowns, or MBS' takeover in Saudi.
This is true for Greater Toronto as well, but very much less so over the rest of Canada.