5 Questions
According to the report, what is the minimum annual income required to buy an average $1.2 million home in Vancouver?
$246,100
What caused the increase in the minimum annual income required to buy a home in Vancouver?
Increase in mortgage rates
How much did housing prices decrease between July and August in Vancouver?
$2,300
What did James Laird, co-CEO of Ratehub.ca, say about the affordability of homes in Vancouver?
Affordability worsened due to the increase in mortgage rates
How many times has the Bank of Canada hiked its benchmark interest rate since March 2022?
10
Quiz: Test Your Knowledge on Vancouver's Housing Affordability Think you know about the soaring real estate prices in Vancouver? Take this quiz to see if you're aware of the minimum income required to buy an average home in the city. Find out how the recent rise in mortgage rates has impacted housing affordability and explore the key factors contributing to the housing crisis in Vancouver.
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