08/28/2026
Canada’s Affordability Streak Hits 10 Quarters
Having raised my family here in the Fraser Valley and guided clients through many market cycles since 2009, I've seen firsthand that a calm market doesn't always equal easier homeownership. Even as inflation pressures ease and rates hold steady, true affordability often comes down to how much breathing room you have in your monthly budget—not just what the headlines say about interest rates. If you’re approaching your mortgage renewal, starting early can make a real difference. In my experience, the first renewal offer is rarely the most competitive, so taking time to compare options is well worth it. Many buyers have turned to rental suites or family support to make ownership work, and it’s crucial to check exactly how lenders factor in suite income—details here really matter. On the supply side, federal projects are gearing up, but the national housing agency expects fewer new home starts in 2026 compared to 2025. Whether you’re buying, renewing, or refinancing, the best move is to realistically model your payments, compare renewal terms, and weigh refinancing options against any penalties. My years in real estate and business have shown me that careful planning is key to long-term success in our market.
