Vancouver may have just add another notch to its reputation for being pricey.
According to U.S. group Demographia, Vancouver is the third-least affordable city in a study of 367 markets and nine countries around the world, and construction constraints are to blame for rising home prices there and in other Canadian cities.
Wendell Cox, the principal owner at Demographia says that’s a trend that can be seen in Toronto too as limits to ground-level detached housing in favour of condominium living are creating a shortage of housing as people refuse to move into high-rises.
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