It’s encouraging to see that housing affordability improved across many parts of Canada this July. Home prices dropped in 10 out of 13 markets—including Vancouver, Hamilton, and Regina—which means the income required to qualify for a mortgage has eased a bit. While mortgage rates only saw a slight decrease, it’s really the price adjustments that are making a difference for buyers right now.
Having guided clients through countless market cycles over my three decades in real estate, I know just how meaningful these shifts can be—especially for those striving to find the right home in a competitive landscape. Staying attuned to both national trends and our local market nuances is key to making well-informed decisions, whether you’re stepping into the market for the first time or planning your next move. If you have questions about how these changes might impact your plans, I’m always here to provide honest guidance backed by years of experience.
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