Quote:
Originally Posted by whatnext
Yep, according to Zillow the average home price in Houston is just $269,641! Can you imagine a large Canadian city with a strong economy with prices that Low! The median salary is $57,420 USD while Vancouver's is $69,512 CAD or $50,862 USD.
Gosh, how is it that Vancouver home prices are so high, completely divorced from local incomes.....  |
In the same way that the median salary and the average house price in New York or San Francisco also have no relationship to each other. Attractive places to live are generally far less affordable than a city like Houston, which has one of the lowest house price to income ratios in North America. (Generally affordability is the ratio of median household income to price, not median salary.)
Toronto is even less affordable than Vancouver, and Victoria isn't a lot better according to
this site. If housing affordability is the basis for deciding where to live, then Moncton, or Regina are far better options, for example.