Canada has now marked 10 consecutive quarters of affordability challenges—a trend that’s on everyone’s mind. As mortgage rates are expected to hold steady or even rise slightly in the coming year, it’s clear that affordability will depend more than ever on changes in home prices and growth in household incomes. Slower population growth could help ease demand and stabilize prices, while improvements in the labour market may give household budgets some breathing room. But unless we see sustained moderation in home prices, economists caution that any gains in affordability could be limited. In my recent conversations with clients across Metro Vancouver and beyond, it’s obvious that real estate markets are highly local—what buyers and sellers experience in Vancouver or Toronto might be very different from Calgary or Edmonton. I’m always here to share updated market insights and help you navigate these shifting conditions, so you’re equipped to make informed real estate decisions. As always, my goal is to see my clients smiling, confident, and ready for the next step.
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