Vancouver is the seventh most expensive housing market in the world, according to a 2020 survey by commercial real estate firm CBRE, ahead of Los Angeles, Paris and New York. This year, a study by the Urban Reform Institute named Vancouver the second most unaffordable city of 100 major metropolises, behind Hong Kong and just ahead of Sydney. The coronavirus pandemic meant Vancouver housing prices rose by 20-25% in a year, the Vancouver Sun reports. Still, the micro apartmentâs rent is more than half the cityâs average of C$1,107 (US$900). The listing was removed after a few days, but not before being picked up by the website Vancouver is Awesome, which points out the apartmentâs size is smaller than the City of Vancouverâs 250-square-foot (23 sq metre) definition of a micro dwelling.