This Canadian City Was Named The Best Place In The World For Young People To Buy Property

They say it is actually affordable!

One major city in Canada was recently ranked as the best place in the world to buy property at a young age.  

In the study done by CIA Landlord, 46 cities in the world were looked at to find the best place for young people to buy property.

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In the end, it was Vancouver that snagged the top spot out of all other cities.

The study looked at many important factors, including the cost of apartments in the city and the average salary.

According to the study, the average monthly cost of renting an apartment in Vancouver is £1,149.94, which converts to about $2,013.90 CAD a month.

It also said the average price to buy a two-bedroom apartment is £208,000 which is about $364,229.42.

Additionally, the cost of utilities came in at £47.66 or $83.46, and the average salary of a person was also found to be £2,567.44 or $4,495.85 monthly. 

"This score was a result of Vancouver having higher than average salaries, lower utility costs and lower prices of leisure activities such as gym memberships," the report read.

Toronto also held its own by coming in just short of the top five, landing at number six. 

The report said that the Ontario city also nearing the top of the list could suggest that "Canada is one of the best countries to buy a property as a young adult." 

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