There were 4,664 new listings of detached, attached and apartment properties last month, a 15.4 per cent increase from a year earlier, as new listings were 4.8 per cent above the 10-year seasonal average.
There were 4,664 new listings of detached, attached and apartment properties last month, a 15.4 per cent increase from a year earlier, as new listings were 4.8 per cent above the 10-year seasonal average.
Did some quick math based on a CTV article. The article claims $347,000 is what would constitute “affordable” with Vancouver’s 2021 median household income. Applying inflation the the “affordable house figure” based on the assumption that all the factors that are used to calculate that figure are being effected proportionally, works out to 60 years for the median house for sale in Vancouver to be considered affordable to the household with the median income.