

The expression "house rich, cash poor," seems like it was coined specifically for the Vancouver housing market.
RBC’s just-released report detailing the percentage of household income going towards mortgages is frightening, particularly in the case of Vancouver.
According the statistics:
“Ontario and B.C. saw the most significant deterioration in affordability in the second quarter;”
“RBC’s Housing Affordability Measure for a detached bungalow in Canada’s largest cities is as follows: Vancouver 74.0 per cent (up 1.7 percentage points from the last quarter)”
What was the next city on the list? Toronto, at 50.2 per cent.
Unbelievable. Absolutely unbelievable.
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“Perhaps it was my silk dress or the new perfume I’ve been wearing lately. When I asked Suzanne Anton what her New Year’s resolution was, she replied, “To kiss a pretty girl!” and pecked me on the cheek.” – Writer Emily Barca describing her encounter with the lone NPA City Councillor on New Year’s Eve.