Home affordability improves in most Canadian markets

This August, we saw home prices decline across most major Canadian cities, leading to improved affordability in 10 out of 13 markets. Notably, Toronto experienced the greatest improvement, while Halifax, Ottawa, and Fredericton faced tougher conditions. Fixed mortgage rates, meanwhile, climbed to 4.24%. Having spent over 30 years guiding buyers and sellers through shifting markets, I understand how these changes can impact your goals—whether you’re stepping into the market for the first time or considering your next move. Staying informed and prepared is key, and I’m always focused on providing trusted guidance and honest insights to help you navigate these evolving conditions with confidence.