As detached home prices soar, first-time buyers turn to condos

The average first-time buyer in Vancouver now needs more than a decade to save for the minimum down payment on a house under tough new federal mortgage rules, a sign that affordability in Canada’s most expensive cities has reached crisis levels.
http://www.theglobeandmail.com/report-on-business/economy/housing/house-prices-soar-but-condos-becoming-more-affordable/article28957142/