Canada has now seen a full 10 quarters where affordability remains in the spotlight—a trend that’s felt in every conversation I have with clients, whether they’re excited first-time buyers, growing families, or those looking to make a change. Recently, mortgage rate relief is not the lever it once was, so our focus naturally shifts to home prices and income growth as the real factors shaping what’s possible for buyers and sellers. Economists suggest mortgage rates will likely hold steady or even rise a bit over the next year, meaning that meaningful progress on affordability is going to depend more on stable or moderated home prices. Slower population growth may help ease demand and keep prices in check, while a strengthening labour market could support household incomes. It’s important to remember, though, that every market tells its own story—what’s true in Vancouver or Toronto might look entirely different from what buyers and sellers are seeing in Calgary or Edmonton. As always, my commitment is to guide you with attention to detail and integrity, helping you navigate these shifts so your real estate goals stay within reach.
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