A city for the rich

Only Hong Kong and Sydney beat it:

For yet another year, Vancouver has the dubious honour of being one of the most unaffordable cities for housing, according to annual international study.

Vancouver ranks 3rd in the 2017 Demographia International Housing Affordability Survey, down one spot from 2016 when it was second.

Fantastic location + warm winters + low interest rates = Crazy demand.

Of course, when prices get too high, we get this result:

This year's study notes Vancouver has also experienced modest net domestic out-migration, meaning more people moved out of the city than moved in.