Vancouver's Housing Affordability Quiz
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Questions and Answers

According to the report, what is the minimum annual income required to buy an average $1.2 million home in Vancouver?

  • $246,100 (correct)
  • $1,480
  • $2,300
  • $250,000

    • What caused the increase in the minimum annual income required to buy a home in Vancouver?

  • Increase in mortgage rates (correct)
  • Increase in housing prices
  • Decrease in mortgage rates
  • Decrease in borrowing costs

    • How much did housing prices decrease between July and August in Vancouver?

  • $2,300 (correct)
  • $246,100
  • $1,480
  • $250,000

    • What did James Laird, co-CEO of Ratehub.ca, say about the affordability of homes in Vancouver?

    <p>Affordability worsened due to the increase in mortgage rates</p> Signup and view all the answers

    How many times has the Bank of Canada hiked its benchmark interest rate since March 2022?

    <p>10</p> Signup and view all the answers

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