At the epicenter of Canada’s housing bubble, which is now rated as the most overvalued in the world, is the west coast city of Vancouver. It’s there that low interest rates and foreign buying have fueled the average detached home price to a record of C$1.47 million, a 20% increase from the previous year.
Mapping Affordability In The Epicenter Of Canada’s Housing Bubble
Here’s the percent of people in each city block that pay more for housing than they take home in income:
Here’s how the vale of land has changed by block from 2006 to 2014 according to some of von Bergmann’s other data based on City of Vancouver assessment records:
Source: Visual Capitalist
