We're now seeing housing affordability improve for a record 10th consecutive quarter, as falling home prices help to balance out the impact of rising mortgage rates. At this point, payments sit at 51.1% of median income. While Vancouver remains the least affordable market, the next steps for affordability depend on steady income growth and keeping home price increases in check. Each day, I work with Calgary homeowners and investors navigating these changes—whether purchasing, selling, or managing property. Having a clear picture of these shifts helps us make informed decisions together and tailor the right real estate strategy for your goals.
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