After a decade in real estate, I’ve seen affordability ebb and flow, but Canada has now marked 10 straight quarters where affordability has remained a real challenge. Mortgage rates, which many hoped would ease the pressure, are now expected to hold steady—or potentially rise—over the coming year. That means home prices and income growth are at the forefront of every buyer and seller’s mind.
We’re seeing that slower population growth could help cool housing demand, hopefully stabilizing prices. At the same time, a stronger labour market offers some optimism for household incomes. But as economists point out, real progress on affordability depends on a meaningful moderation in home prices—something I watch closely for every client.
Each market tells its own story: the dynamics in Vancouver and Toronto are a world apart from those in Calgary or Edmonton. My years of experience have taught me how crucial it is to tailor advice to each unique situation, ensuring my clients are equipped with the latest insights and strategies that fit their specific needs.
Trust, hard work, and local knowledge remain my guiding principles as we navigate today’s market together.
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