What can you afford? New housing affordability index shows it varies across Metro Vancouver

Sun, Feb 17, 2013

Vancouver Real Estate

Headlines regularly tell people that Vancouver is among the least affordable cities in the world. But often they don’t tell the full story — that while the city of Vancouver is a pricey place to be a homeowner, the suburbs still have home prices that are affordable to most families. Today, The Vancouver Sun introduces the UDI/Fortis Housing Affordability Index, a new way to look at housing prices that provides a clearer, more specific picture of affordability across Metro Vancouver. The index was developed by a partnership of The Sun, the Urban Development Institute and Urban Analytics Inc. over the past three months.

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