Vancouver residents have been complaining for a while  that their city is expensive and Vancouver real estate is unaffordable. Now it is official, Vancouver real estate is the most expensive city in North America. Vancouver real estate has now nudged glamourous New York and pricey Los Angeles to claim the top spot for the continent the Economist Magazine reports. Many Vancouver residents are now going to New York City to save money! Last year Vancouver real estate was the 72nd most expensive in the world and now it has moved up to 37th most expensive city in the world. The average Vancouver house for sale rose 17 percent to $1.02 million in the third quarter compared to the same time last year. The price of a Vancouver condo has gone up by 5.3 per cent to $513,500.  The average home in Vancouver real estate is now 11.2 times the average family income a figure that many economists say is unsustainable. The cheapest city in the world is Karachi in Pakistan and the most expensive is Zurich and Tokyo. 

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