Hamilton as affordable as Singapore? Vancouver third least affordable? Nonsense!

Demographia ranks Hamilton, Ontario and Singapore as equal in affordability
Demographia ranks Hamilton, Ontario and Singapore as equal in affordability

Vancouver is not the second least affordable place on the planet to buy a home, not even close, according to researcher and blogger Ng Weng Hoong (weng@energysasia.com) who has lashed out at the “urban myths” surrounding Vancouver’s housing market which he says a spoon-fed media continually parrots.

Hoong says the media relies on the annual Demographia survey. Its 2016 report was released last week, saying Vancouver was the “third least affordable” city in the world. 

Horsefeathers, says Hoong, claiming Demographia is simply wrong and uses shallow data, since, while it purports to be global survey, it only looks at nine countries.

Hoong points out that Demographia ranks Hamilton, Ontario and Singapore as equal in affordability, number 89 on its 2015 list – WHICH HE SAYS IS SHEER NONSENSE.

More at FACTSBYEMAIL.COM

Ozzie Jurock

Ozzie Jurock

Ozzie helps members build an action plan toward real estate success with his Real Estate Action Group, arming investors with the best information and insights possible with his Jurock Real Estate Insider. More info OzzieJurock.com

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