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A recent report explains that there isn't a single market across Metro Vancouver where a household earning the median income can afford houses for sale.

Eleven out of 21 markets studied had income gaps of more than $100,000.

In Port Moody, for example, which is the 6th least affordable market, the median income is around $93,000, which means those residents would be about $118,000 short. In North Vancouver, the income gap would be more than $160,000.

The least affordable area for a detached home is Vancouver's West Side, wherein areas such as Kitsilano or Point Grey residents would need an annual income of $450,000 to buy a house. The actual median for that area is $65,000, for an income gap of a whopping $385,000.

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Following the West Side for the least affordable areas are West Vancouver, Richmond, North Vancouver, Burnaby South and Port Moody.

Even when you look at the most affordable region of Maple Ridge - a household that earns the median of $86,178 would still be $35,602 short if they wanted to buy a detached house.

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IKEA good news


The world's largest furniture retail company has revealed that 70% of the materials used to make its products in 2018 were either renewable or recycled.

Their ambitions are 100% renewable and recycled materials by 2030.

Today 60% of all the raw materials IKEA sources to produce products are from renewable sources such as cotton and bamboo, with a further 10% accounted for by recycled material.

IKEA tries to always think long term, innovating to ensure their actions meet peoples needs today and not to compromise the ability of furniture generations to meet their needs.

To do this requires IKEA to rethink and inspire changes in lifestyle and consumption and to transform their way of working - from linear to circular, from consuming to regenerating resources.

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Rather than calling the cops on a teenage boy who was caught stealing snacks, this compassionate 7-Eleven manager sent him home with even more food.

Jitendra Singh had been managing his branch when one of his employees alerted him to the young man's suspicious activity.

Upon reviewing the security footage, Singh saw that the youngster had been secretly pocketing snacks as he wandered the aisles.

When the teen approached the counter, Singh asked him to reveal all of the merchandise hidden in his clothes - otherwise, he would call the police.

The teen responded by saying that he was only stealing food because he and his younger brother were hungry and had nothing to eat.

Singh then told the teen to go and collect more pizzas, chicken, sandwiches, fruits and meals from the aisles so he could take them home - all free of charge.

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Singh told the teen that this was not food that he was stealing. If you want food, I'll give you food, believing that people just need to know that someone cares. He said "that it's not going to make any difference to me if I give him some food because we make a lot of food, we sell a lot of food. If he goes to jail then he's definitely not going to do anything good in life."

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Baby Boomers - they are active, healthy and they have money to spend and while businesses have been busy marketing their products and services to millennials they are missing out on a huge, mostly untapped market.

Boomers outnumber any other generation in Canada. The number of Canadians over age 55 increased by 87% between 1996 and 2016 and there will be another 16% surge in the number of people aged 55 and over. In comparison, Canadians aged between 16 and 54 only rose 14% between 1996 and 2016.

Not only do boomers have physical numbers and have a high life expectancy, but they also have the spending power.

With all this extra money, good health and spare time, why aren't more companies trying to draw the boomers in?

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.