Housing affordability has now improved for a record 10th consecutive quarter, thanks to declining home prices outpacing the impact of rising mortgage rates. At present, housing payments represent 51.1% of median income—a notable shift in the landscape. Vancouver continues to be the least affordable market, highlighting the ongoing regional differences that buyers and sellers must navigate. Looking ahead, whether these affordability gains continue will come down to income growth and a steady hand on price increases.
Having spent decades guiding clients through every type of market—whether as a broker or, earlier, structuring commercial real estate financing on Bay Street—I’ve seen how cycles like this create new opportunities for both first-time buyers and seasoned investors. If your real estate aspirations involve making sense of shifting affordability, experience matters. The right guidance can turn these market changes into meaningful progress toward your goals.
Leave a Reply