Also, Vancouver housing market is 2nd least affordable in the world.
One of my future posts is a list of 10 cities that I have traveled to and I would like to live in. Vancouver is so far at the top of the list, but ‘unfortunately’ many people seem to think the same.
“The idea is that, ‘I want to be here so badly that I’m willing to pay higher rent and make lower salary,’ ” said Tsur Somerville, a real-estate expert and professor at the University of B.C.’s Sauder School of Business, in a Vancouver Province newspaper report.
Vancouver’s average house price was $621,300 and average household income $65,200.
Hong Kong is the most unaffordable and Detroit is the most affordable major market.
And going back to the list of expensive cities to live in, New York and Los Angeles tied for being most expensive in the U.S. Globally, the two cities ranked 27th. Internationally, Tokyo was ranked the most expensive. This is a familiar position for the Japanese capital which has been the world’s most expensive city for all but a handful of the last 20 years. In fact, since 1992 Tokyo has been the ranking city in every year bar six. Only Zurich, Paris and Oslo were dubbed the world’s most expensive city during this time.
View from the Park Inn Hotel, Vancouver Mission Accomplished and Best Hotel View