Canada has now seen ten consecutive quarters where affordability remains front and center—a trend I closely monitor as someone who has consistently ranked as a top producer since 2003. With mortgage rates expected to hold steady or possibly creep up, the spotlight is shifting to home prices and income growth as the main factors influencing affordability in the coming year. Slower population growth may help keep housing demand in check, which could ease price pressures, while a stronger labour market should bolster household incomes. Still, economists point out that unless home prices moderate, improvements in affordability may be limited. From what I’m seeing in client discussions, each market has its own unique dynamics—Vancouver and Toronto are moving quite differently compared to Calgary and Edmonton. Navigating these shifting conditions takes experience and insight, both of which I bring to every transaction.
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