Are homes in Toronto, Vancouver and Montreal Unaffordable?

According to a report issued by Demographia International "urban land use policies are making homes almost unaffordable in markets around the world including Vancouver, Toronto and Montreal."

"The report says Vancouver is the most unaffordable market in the world when median housing sale values are compared to median household incomes.

To view the full report please visit: Demographia International

It says Toronto is in the severely unaffordable category and Montreal is classified as being seriously unaffordable because of constraints on land use."