10/09/2026
Home affordability finds its footing, but rising rates could change that
Recently, we've seen Canada's average five-year fixed mortgage rate climb to 4.55% as of August. Interestingly, this hasn't caused a major shift in monthly payments for most buyers. The real story behind improved housing affordability is the drop in home prices, especially in key markets like Toronto, Vancouver, and Montréal. As someone who works every day with buyers and sellers across Ontario—right here from our base on Sheppard Avenue West—I know how closely these market shifts impact decisions about houses and condos. It's a reminder that while rates matter, price trends in our cities can open new doors for those navigating the residential market.
https://www.roomvu.com/agent-news/bo-kisliuk-1/2071620-Home-affordability-finds-its-footing%2C-but-rising-rates-could