Above is the list of world's unaffordable cities from Demographia's 2013 list. Vancouver in second place, while Hong Kong is the top most unaffordable city, while London in thirteenth place.
With Canadian cities, especially Metro Vancouver becoming infamous for unaffordability in regards to real estate, some voice has been added to those asking the federal Conservative government to collect data on the influence of investors - foreign and otherwise - on the country's housing market.
Media reports also mentioning London. England has becoming badly distorted by ultra-wealthy foreign owners, referred to as "non-domiciled residents". The influence of such buyers, including Russian tycoons, is said to be causing London's housing prices to "lose touch with reality"/
If that's what the British media are saying about London, I wondered what would they say about Vancouver, which Demographia judges the second most unaffordable city in the world next to Hong Kong....?
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