Vancouver's cheapest houses vs. houses in other cities - Action News
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Vancouver's cheapest houses vs. houses in other cities

Historically house prices in Canada and the U.S. have been roughly similar. In recent years Canadian prices have outpaced those south of the border. Here's a look at a few homes in Vancouver compared to some in the U.S.

We see what's bargain basement in Vancouver and how it compares elsewhere.

A new CMHC report says Canadian homeprices are moderately overvalued in some cities, butVancouver is labelled as low risk by the Crown corporation in its latest housing marketassessment.

One measure used by economists isthe amount of income earned by the average family compared to house prices. By those standards, prices in Vancouver are some of the most expensive in the world.

An earlier CMHC reportnoted prices in Canada no longer mirror those in the United States.

In this gallery, we take alook at some of Vancouver's cheapest detached houses and compare them to what's availablein some U.S.cities.

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