09/14/2026
Canada’s Affordability Streak Hits 10 Quarters
Affordability in Canada’s housing market has now been a challenge for 10 straight quarters. What this means for buyers and sellers in the lower mainland is that relief from mortgage rates isn’t likely in the near term—so the focus shifts to home prices and income growth. Economists predict rates will hold steady or possibly rise a little over the next year, so any improvement in affordability now depends on whether prices moderate. With population growth slowing, demand pressure may ease, and that could help keep prices in check. At the same time, a strengthening job market should support household income, which is good news for anyone making a move. It’s important to remember that every market has its own story—what’s happening in Vancouver or Toronto can be very different from Calgary or Edmonton. As someone who helps clients navigate all kinds of real estate decisions in our area, I keep a close eye on these shifts to provide the best advice possible. When it comes to finding the right fit, having an experienced guide makes all the difference. Helping you is what I do.