09/19/2026
Housing affordability improved in July from June
Good news on the housing front: July brought a welcome shift in affordability across Canada. Home prices dropped in 10 out of 13 markets—including big names like Vancouver, Hamilton, and Regina. That means the income needed to qualify for a mortgage also came down a notch. While mortgage rates nudged lower, it’s really the price drops making the biggest difference for buyers right now.
After two decades helping Edmonton families make smart moves, I’ve seen how these changes open doors for first-time buyers and seasoned investors alike. Real estate is always about timing and trusting the right process. If you’re weighing your next step, a little straight talk goes a long way—no fluff, just the facts that matter most.
https://www.housing-trends.com/agent-news/tony-estephan/1950683-Housing-affordability-improved-in-July-from-June