09/09/2026
Canada’s Affordability Streak Hits 10 Quarters
Affordability in Canada’s housing market has now remained a challenge for ten straight quarters—a trend many of my clients are feeling firsthand. With mortgage rate relief no longer expected to ease the pressure, the spotlight has shifted to home prices and income growth. Economists predict rates will likely stay the same or even rise a bit in the next year, so keeping affordability within reach will depend more on price moderation. On the bright side, slower population growth is expected to temper demand, while a stronger labour market could give household incomes a boost. What stands out to me in daily conversations is just how much local markets differ: the dynamics for buyers and sellers in Vancouver or Toronto are not the same as in Calgary or Edmonton. As always, my approach is to stay informed and help clients navigate these shifting conditions, focusing on building genuine relationships and finding solutions that fit each unique situation.