10/11/2026
Home affordability finds its footing, but rising rates could change that
We’re seeing a positive shift in home affordability across Canada, thanks in large part to falling home prices—especially in major markets like Toronto, Vancouver, and Montréal. In August, the average five-year fixed mortgage rate edged up to 4.55%, but for now, this has had only a minimal effect on monthly payments. As someone who’s spent more than a decade working with families and investors in Vancouver’s West Side and the UBC area, I know how quickly the landscape can change when interest rates move. It’s encouraging to see affordability improving, but it’s important to keep a close eye on mortgage trends as we navigate this ever-evolving market. My approach is always rooted in up-to-date insights and a commitment to making your real estate journey as informed and seamless as possible.
https://www.housing-trends.com/agent-news/andy-hsu-prec/2071620-Home-affordability-finds-its-footing%2C-but-rising-rates-could