July brought some welcome news: home affordability improved in 10 out of 13 major Canadian cities, thanks to falling home prices. Vancouver led the way with the largest drop in the income needed to purchase a home. Mortgage rates eased slightly as well, and there are still discounted fixed-rate options available under 4%. Since starting my real estate career in 2003, I’ve always tracked these shifts closely to help clients make informed decisions. Staying ahead of these trends is what has kept me a top producer year after year.
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