Canada’s Affordability Streak Hits 10 Quarters | Discover Your Dream Home with us! Looking for the perfect place to call home? Call us for the best listings!

Canada has now seen ten consecutive quarters of affordability challenges—a trend that’s top of mind in every real estate conversation I have here in Calgary. With mortgage rate relief off the table for now, the spotlight is shifting toward home prices and income growth as the key factors shaping what’s possible for buyers and sellers. Economists anticipate mortgage rates will hold steady or perhaps rise in the coming year, which means any improvement in affordability will depend more on price stabilization. Calgary’s market stands apart from cities like Vancouver and Toronto, with local dynamics and client goals requiring distinct strategies. The good news: slower population growth could help moderate demand and keep prices in check, while a strengthening labour market may offer some support to household incomes. Still, unless we see sustained price moderation, affordability gains may be limited. Navigating these shifts takes a tailored approach—something I prioritize for all my clients, whether you’re looking to buy, sell, or invest in the Calgary area.