Vancouver housing named 2nd-most costly in world…again

When costs go up you need to be innovative. Multifunctional furniture from MurphySofa helps get you more bang for your buck in small spaces. When you pay the second most for realty in the world, getting the right furniture pays itself off.

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.

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