10/09/2026
Home affordability improves in most Canadian markets
After 27 years living and working in Vancouver, I’ve seen firsthand how quickly the real estate landscape can shift. In August, home prices dropped in most major Canadian cities, and affordability improved in 10 out of 13 markets. For buyers watching Toronto, that city actually saw the biggest improvement in affordability, while Halifax, Ottawa, and Fredericton faced the opposite trend. Of course, fixed mortgage rates also climbed up to 4.24%—a reminder that every market movement comes with its own set of challenges and opportunities.
For those of us in Greater Vancouver, it’s another sign of how important it is to track both local price trends and national shifts. Whether you’re a first-time buyer, seasoned investor, or planning your next move, knowing when affordability opens up—and how changing rates might impact your decision—can make all the difference. My approach has always been to dig deep into the data and market trends, so clients can make investment decisions with confidence and clarity. In markets like these, a well-timed strategy can mean securing a home at the right price, just like I did for a family who purchased for $300K under asking. Every shift is a new opportunity to find value.
https://www.roomvu.com/agent-news/jack-zhu-prec/2073678-Home-affordability-improves-in-most-Canadian-markets