10/11/2026
Home affordability finds its footing, but rising rates could change that
Housing affordability in Canada has seen a notable shift, especially in key markets like Toronto, Vancouver, and Montréal—where falling home prices are making a real difference for buyers. August brought a rise in the average five-year fixed mortgage rate to 4.55%, but so far, this has had only a minimal impact on monthly payments. As someone who has spent years advising local families, new immigrants, and international investors in Vancouver’s dynamic market, I’ve observed that these shifts can open new windows of opportunity for those looking to build long-term assets. While improved affordability is a welcome development, it’s important to keep an eye on changing rates and how they may influence the landscape ahead. I’m committed to helping clients navigate these changes with clarity and confidence, drawing on my experience in both residential and investment real estate across Greater Vancouver.
http://www.jonathanlu.ca/agent-news/jonathan-lu-prec-1/2071620-Home-affordability-finds-its-footing%2C-but-rising-rates-could