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Published 1 year ago

Vancouver hit peak unaffordability in late 2022 — and set a Canadian record, too

Summary by Ground News

RBC's aggregate affordability measure for Vancouver at this time is 98.1 per cent, the highest ever recorded for any market in Canada. Across Canada, the measure increased for the ninth-straight quarter to 62.8 per cent. As of February 2023, the average MLS price for a residential property in Greater Vancouver is $1,219,919.

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Vancouver hit peak unaffordability in late 2022 — and set a Canadian record, too

The city's measure for affordability hit a nation-wide record: RBC

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