09/14/2026
Vancouver Affordability Improves Again
Vancouver’s affordability story took a new turn in late Q2 2026, with our city experiencing the most significant affordability improvement among major markets. As home prices fell by 2.9%, the mortgage-payment-to-income ratio dropped 2.6 points—making ownership a bit more accessible, even as mortgage rates held firm. At Coast Domain Realty Group, we have seen firsthand how these shifts are reshaping client conversations: price moderation, not lower borrowing costs, is now the catalyst behind improved affordability. Yet, it’s important to keep perspective—Vancouver still leads the country in unaffordability, with the typical mortgage payment claiming 79.4% of median income. Six Canadian markets saw some relief this quarter, highlighting that falling prices—not rates—are driving change. Precision and local expertise matter more than ever as buyers and investors navigate this evolving landscape.