Vancouver grows less and less affordable

News 1130 quotes UBC’s Tom Davidoff from the Sauder School of Business in response to an Affordability Index report by Desjardins that shows Vancouver has become 13.7 per cent less affordable in the last year.

“Home prices over the last year have really gone bananas,” said Davidoff. “Some markets you’ve seen 40 per cent increases within a year, and that’s almost unheard of.”