Rent or own? In the superheated Metro Vancouver housing market, the choice isn’t obvious

With Vancouver’s overheated real-estate market showing no signs of abating, many are foregoing home ownership — at least for now — because the numbers simply don’t add up. One measure to determine whether it’s better to rent or to buy is a metric called the price-to-rent ratio, which takes the price of the property and divides it by its annual rent.
http://blogs.theprovince.com/2016/02/28/rent-or-own-in-superheated-metro-vancouver-the-choice-isnt-always-obvious/