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Story From CTV news
Vancouver has held on to the notorious title of having the world’s second-least affordable housing for the second year in a row, according to a new survey released by a U.S. think-tank.
The 10th annual Demographia International Housing Affordability Survey declared the city’s real estate market the second-most expensive in the world, second only to Hong Kong, which retains the dubious distinction of world’s most unaffordable city.
The think-tank found in a survey of realtors that a single detached home in Vancouver costs about $800,000 on average.