But there’s one enormous cloud looming on the horizon — housing affordability. It’s no secret that Vancouver housing is increasingly unaffordable. (The same goes for Toronto, to a slightly lesser extent.) In a recent report Vancouver was listed as the third least affordable city in the world to buy a home, more costly than New York or London.

Interesting piece by the CEO of Hootsuite. Finding an affordable place that isn't more than an hour away from downtown is a pain in the ass. We got very lucky with our current place which places us about 40ish minutes away, up from an hour and a half at our old place. Of course, we're just renting, and owning any piece of property sometimes seems as much of a pipe dream as winning the lottery.

cgod:

Portland Oregon is heading the same direction. My house has gone up more than 20% in value in two years, rents are going up faster than that. On the upside maybe someday soon I'll see more customers an hour on a nice summer day than I'll see guys with no shirt on.


posted 2989 days ago