We’ve now seen 10 straight quarters where affordability has been a central focus in the Canadian real estate landscape. As mortgage rates are expected to remain steady or even tick higher in the coming year, much of the conversation is shifting toward home prices and income growth as the main factors influencing affordability. Economists suggest that with slower population growth likely to temper housing demand, we may see some price moderation, while a stronger labour market could help support household incomes. In my experience working across the Fraser Valley and Greater Vancouver, I can tell you that every market truly has its own rhythm—what’s happening in Vancouver and Toronto can feel worlds apart from the realities in Calgary or Edmonton. For buyers and sellers navigating these changes, it’s important to remember that affordability gains are likely to be modest unless we see sustained moderation in home prices. Wherever you are on your real estate journey, understanding these local dynamics is key to making confident decisions.
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