North America's Most Unaffordable City Has a Wage Problem

The video discusses the high cost of housing in major cities like New York and Vancouver, highlighting a Bloomberg study that shows Vancouver requires over 10 years of income to afford a home. It compares Vancouver's housing market to San Francisco and explores factors like foreign ownership and low interest rates that drive up prices.

What does the data suggest about the affordability of homes in Vancouver?

What is the significance of the 10 years of annual income required to afford a home in Vancouver?