Housing Crisis - Expensive Rental Markets

Global

15 cities [taken from a 2016 report by the Global Cities Business Alliance, Housing for Inclusive Cities: the economic impact of high housing costs] ranked from most to least affordable on the basis of average percentage of earnings spent on rent:

• 15. Boston, US — £1073 ($1,540)/30% of income
• 14. Sao Paulo, Brazil —£335 ($480)/30.2% of income
• 13. Sydney, Australia — £774 ($1,111)/32.1% of income
• 12. Singapore — £720 ($1,033)/33% of income
• 11. Chicago, US — £960 ($1,377)/35.6% of income
• 10. Paris, France — £613 ($880)/36.2% of income
• 9. London, UK — £997 ($1,430)/50.4% of income
• 8. San Francisco, US — £1,968 ($2,824)/50.5% of income
• 7. Dubai, United Arab Emirates — £893 ($1,281)/55.4% of income
• 6. Mexico City, Mexico — £268 ($385)/58% of income
• 5. Shanghai, China — £361 ($518)/58.3% of income
• 4. New York City, US — £,1832 ($2,629)/63.1% of income
• 3. Hong Kong, China — £1,345 ($1,930)/64% of income
• 2. Abu Dhabi, United Arab Emirates —£1,714 ($2,460)/69.5% of income
• 1. Beijing, China —£550 ($789)/122.9% of income

Source: Pantazi, C. (22 April 2016).The 15 most expensive cities in the world for renters. Business Insider UK.

Canada

1. Vancouver, BC
2. Toronto, ON
3. Calgary, AB
4. Victoria, BC
5. Ottawa, ON
6. Edmonton, AB
7. Regina, SK
8. Montreal, QC
9. Kingston, ON
10. Kelowna, BC

As of July 2016 Source: Padmapper Canada Rental Report

United States

1. New York, NY
2. San Francisco, CA
3. Boston, MA
4. Washington, DC
5. Jersey City, NJ
6. San Jose, CA
7. Los Angeles, CA
8. Stamford, CT
9. Miami, FL
10. Seattle, WA

As of October 2016 Source: Apartment List National Rent Report