A new CMHC report says Canadian home prices are moderately overvalued in some cities, but Vancouver is labelled as low risk by the crown corporation in its latest housing market assessment.
Some analysts disagree, pointing to key measurements such as the amount of income earned by the average family compared to house prices.
By those measures, prices in Vancouver are some of the most expensive in the world.
In this gallery, we take a look at some of Vancouver's cheapest detached houses and compare them to what's available in some other cities.
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