A new CMHC report says Canadian home prices are moderately overvalued in some cities, but Vancouver is labelled as low risk by the Crown corporation in its latest housing market assessment.
One measure used by economists is the amount of income earned by the average family compared to house prices. By those standards, prices in Vancouver are some of the most expensive in the world.
An earlier CMHC report noted prices in Canada no longer mirror those in the United States.
In this gallery, we take a look at some of Vancouver's cheapest detached houses and compare them to what's available in some U.S. cities.
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