BrianAJackson via Getty Images
Borrowers should make sure they can handle a hike in interest rates.
VinokurovYury via Getty Images
The most basic economic principle is, when there is a rise in demand, the invisible force of supply will kick in, and this is how economic growth is generated. For those who want to blame the housing crisis on immigrants, let's think about how our economy would look like if B.C. or Canada did not have the intake and growth brought by immigrants.
Courtesy of David Eby
And a housing crash won't fix it.
Some students live in university dorms. Others own luxury homes.
Jesse Ferreras/HuffPost Canada
"They're not going to come down that much.''
Is upgrading to a bigger home just a pipe dream these days?
karamysh via Getty Images
Affordability in Toronto is at a quarter-century low.
"The goal is to support those living in parts of the province that have seen skyrocketing real estate prices."
I am I.A.M./Flickr
The bank predicts that rate hikes from the central bank, which is expected to raise its trend-setting overnight interest rate next year, are likely to erode affordability.
Nothing is quite as popular as a tax on someone else. Vancouver's mayor knows this, and that's why he is pitching tax hikes on overseas property buyers, despite a notable lack of data...
There is something disturbing about the way local media continues to laud people for moving into smaller and smaller spaces simply because they can't afford anything else.
Vancouver remains the worst place in Canada to afford a house despite slumping prices, says a report from the Royal Bank of Canada (RBC). The costs of owning a detached bungalow in Vancouver take up 8...
Vancouver's housing affordability keeps on dropping, and it seems that nothing politicians have done can stem the tide. Vancouver's average monthly rent has risen from $898 in 2007 to $1,047 in 2012,...
The City of Vancouver is considering a proposal by people in Cedar Cottage, a neighbourhood in East Van, to build a "cohousing" complex where families would share communal space. The Cedar Cottage Coh...
Vancouver is the second least affordable city in the world when it comes to housing, according to a U.S. think-tank. Demographia ranked the B.C. city second only to Hong Kong on housing affordability...
Affordable housing and a strong transit system are key for Vancouver leading into 2050, Mayor Gregor Robertson told a crowd of real estate professionals on Tuesday. "We could let Vancouver become an e...
MONTREAL - Housing affordability continued to erode in most markets across Canada in the second quarter as a result of higher home prices and interests rates, but there were a couple of bright spots.A...
Would you spend your whole paycheck on your home? Statistics from RBC Economics show that Vancouver residents are very close to that. A report released Monday titled "Housing Trends and Affordability"...
Vancouver is the second-least affordable city for housing among 325 major developed cities, a new study says. Only Hong Kong was found to be less affordable than Vancouver among cities in a group of c...