The most unaffordable housing markets in North America

Reuters/Reuters Photographer Vancouver has North America's most expensive housing market, according to a study by the real estate marketplace Point2Homes. Toronto ranked second in Canada, while New York City was America's most expensive housing market. The study used the median multiple, the local median home price divided by the local median annual household income before taxes. A higher ratio means that the market is more unaffordable. There are a lot of them. It’s called “crisis” for a ...