It’s encouraging to see housing affordability improve for the 10th straight quarter. With home prices easing, buyers are now spending 51.1% of their median income on payments—even as mortgage rates remain elevated. Vancouver still leads as the least affordable market, and looking ahead, continued progress will rely on both steady income growth and keeping price increases in check. Through the years, I’ve focused on helping clients navigate these shifts so they can make informed decisions, and this latest trend is a reminder of how dynamic our market can be.
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