Vancouver Tops List of Most Unaffordable Cities in North America - Small Dead Animals
How else can you interpret this chart?
A median multiple of 5.1 or higher (median house price divided by median household income) describes severely unaffordable home prices. I have no idea how to quantify a median multiple of 17.3 particularly in a nation with as much land and as few people as Canada. Canada and Australia are the lowest density nations in the first world. Both of them suffer from idiotic land use regulations which force the people in cities to live in undesirable high density.
The Canadian Boomers were able to buy real property decades ago before it became unaffordable and did so. Their children cannot. The Boomer land owners enjoy huge paper wealth driven by land use regulations which force their children out of the housing market all so they can be wealthy. Such is Canadian morality.