We’ve played this game before.
When you compare what you get in Vancouver for your housing dollar vs. some other locations you get some interesting comparisons.
The CBC has an article looking at the cheapest houses in Vancouver and how they compare to some US locations.
A new CMHC report says Canadian home prices are moderately overvalued in some cities, but Vancouver is labelled as low risk by the Crown corporation in its latest housing market assessment.
One measure used by economists is the amount of income earned by the average family compared to house prices. By those standards, prices in Vancouver are some of the most expensive in the world.
See their gallery here.