“In 1977, the average detached house in Greater Vancouver cost $67,100 according to the Real Estate Board of Greater Vancouver, and Statistics Canada data shows the average Vancouverite earned $10,687 per year. Today, the average detached house in Greater Vancouver costs $825,206 and Statistics Canada’s most recent data, from 2006, shows the average Vancouverite earns $36,700 a year. That means in 1977, a house in Vancouver cost about six times the average salary, and now costs 22 times the average salary.。”
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