North America’s Most Expensive Housing Markets

Jon Alternative Media, Blogosphere, Real Estate

Courtesy of Point2Homes
When the average home price in San Francisco went over the $1 million threshold in the first half of 2015, it was pretty obvious for most people that the Bay city secured the top position as the most expensive housing market in the U. S. This is exactly what happened. According to records released at the end of last year, San Francisco is the superstar housing market not only in the U. S., but for the entire North America as well.
But what may really surprise some people when looking at the top 15 list of the most expensive housing markets in North America is seeing Vancouver – the third most expensive city in the world – down in the 6th position, behind a less expected entry … Brooklyn, N. Y.! The reason for this is the same one which pushed Toronto out of the top 10 list and to #11: a weaker Canadian dollar. And guess who comes right after Toronto? Well, it’s Queens, N. Y.

This post was published at Zero Hedge on 03/12/2016.