09/13/2026
Falling home prices drive record 10th straight quarter of affordability gains
We’ve now seen housing affordability improve for the 10th consecutive quarter—an encouraging trend for buyers navigating today’s real estate landscape. As home prices have fallen, they’ve helped offset the impact of rising mortgage rates, with average payments now at 51.1% of median income. While Vancouver remains the least affordable market, future improvements will rely on steady income growth and controlled price appreciation. With more than two decades of experience guiding clients through shifting market cycles, I believe that careful strategy—whether it’s pricing, staging, or negotiation—remains essential to making the most of every opportunity in the GTA. Every quarter brings new nuances, and an informed, hands-on approach ensures you’re always positioned for results.
http://www.mariusmitrofan.com/agent-news/marius-mitrofan/1923976-Falling-home-prices-drive-record-10th-straight-quarter-of-af