9th Annual Demographia international housing affordability survey: 2013


The 9th Annual Demographia International Housing Affordability Survey covers 337 metropolitan markets in Australia, Canada, Hong Kong, Ireland, New Zealand, the United Kingdom and the United States. A supplemental analysis of housing affordability in Singapore is also provided, using available data.
The Demographia International Housing Affordability Survey employs the “Median Multiple” (median house price divided by gross before tax annual median household income) to rate housing affordability (Table ES-1). The Median Multiple is widely used for evaluating urban markets, and has been recommended by the World Bank and the United Nations and is used by the Harvard University Joint Center on Housing.

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