North America's Most Unaffordable City Has a Wage Problem

The video discusses the high cost of housing in major cities like New York and Vancouver, highlighting a Bloomberg study that shows Vancouver requires over 10 years of income to afford a home. It compares Vancouver's housing market to San Francisco and explores factors like foreign ownership and low interest rates that drive up prices.

Which city is highlighted as having the highest housing costs in the survey?

• Vancouver

• Kansas City

• New York

• San Francisco

According to Bloomberg's data, how many years of income are needed to afford a home in Vancouver?

• More than 10 years

• 10 years

• 15 years

• 5 years

Which city is compared to Vancouver in terms of needing more annual income to afford a home?

• Chicago

• Los Angeles

• San Francisco

• New York

Which city is mentioned as having a comparable average income to Vancouver?

• San Francisco

• Toronto

• New York

• Kansas City

What are some factors mentioned that contribute to the high housing prices in Vancouver?

• High taxes

• Government regulations

• Foreign ownership and speculation

• Lack of housing supply