Top 10 most expensive housing markets in Canada

The 11th Demographia International Housing Affordability Survey was released on Jan. 20 and detailed the most and least expensive housing markets across the world. The survey ranks the cities by median multiple, a number that compares median family incomes in the city to median housing prices. A city with a median multiple of five, for example, would mean that consumers would have to pay five times the median family income to purchase a house there.

Here are the top 10 most expensive housing markets in Canada: