Global study ranks two Canadian cities high on list of most expensive places to buy a home
As Canadians continue to struggle with the extremely high cost of buying a home in some of the country’s major urban centres, a new global report is underscoring just how expensive some of those markets are.
A study by Demographia, which examines international housing affordability, has deemed Vancouver and Toronto as “impossibly unaffordable.”
David MacDonald, a senior economist with the Canadian Centre for Policy Alternatives, says the findings of the study aren’t surprising.
