Kerry Gold, The Globe and Mail, Jun. 09, 2017
Last year, a series of government interventions was implemented to cool Metro Vancouver’s runaway property market and increase affordability. And yet, the market is hotter than ever, and the gap between house prices and incomes is growing wider in unexpected parts of the region.
Greater Vancouver reached a record benchmark price of $967,500 – an 8.8-per-cent increase from the year before.