Powered by
Vancouver's lesson in housing unaffordability
Feb 1, 2017 - Australian Financial Review

Andrew Chan remembers how he felt when he and his wife finally managed to buy an apartment in their beloved hometown of Vancouver.

Far from joy or relief, he said, it was a "sickening" moment.

The Chans paid $C749,000 for a two-bedroom unit in 2010, after they had pulled together their 20 per cent deposit, the new mortgage stretched their finances to the limit.

"I was waking up with this knot in my stomach," faced with $C2400 in monthly repayments, plus strata fees of $C450, Ch

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox
Related News Feeds

Mentioned Entities

See how you can reach these people and organizations