It’s been a remarkable run—housing affordability has improved for the 10th straight quarter. Despite higher mortgage rates, the drop in home prices has helped keep payments at 51.1% of median income. In my 40+ years as a Calgary Realtor, I’ve seen cycles come and go, but this balance between prices and rates is a unique moment. Vancouver continues to be Canada’s least affordable market, while the real story for the months ahead will be whether incomes rise and price increases stay moderate. As I navigate these shifts alongside my clients and peers, I’m keenly watching how these trends shape opportunities in our market.
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