Quote:
Originally Posted by chemgear
Interesting stuff from the Globe & Mail today, too bad they couldn't get a median to median comparison.
http://www.theglobeandmail.com/repor...rticle2183671/
I am lucky enough to be making (quite a bit) more than 2 times the median wage in the US; I guess everybody else in Canada is as well. 
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Looking at that graph makes you wonder if Canada is in a RE bubble generally speaking with Vancouver in absolutely ridiculous territory.
It is very localized of course but Vancouver must skew that graph upwards disportionately. As long as the Chinese economy hums along, Vancouver is ok. I read in the G&M that almost all 7 figure RE transactions in Vancouver are from HK or China which tells if you own in Vancouver, you better hope China keeps on keeping on...