2017 Demographia International Housing Affordability Survey has placed Vancouver as the 3rd least affordable city in the world. Hong Kong (China) and Sydney (Australia) are the top 2 in the list. Vancouver has increased the Median multiple from 10.8 to 11.8 in a year, hence adding one year equivalent of median housing income to the price in 1 year. Los Angeles was worse, adding 14 months equivalent of median household income (median multiple of 9.3 this year vs 8.1 last year).

Rank Country City Price to Annual Income Median Multiple
1 China Hong Kong 18.1
2 Australia Sydney 12.2
3 Canada Vancouver 11.8
4 New Zealand Auckland 10.0
5 USA San Jose 9.6
6 Australia Melbourne 9.5
7 USA Honolulu 9.4
8 USA Los Angeles 9.3
9 USA San Fransisco 9.2
10 UK Bournemouth & Dorset 8.9

Source: Demographia

The survey took into account 406 metros in nine countries: Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States.

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