Home affordability improves in 10 of 13 Canadian cities in July

July brought a welcome shift for homebuyers: affordability improved in 10 out of 13 major Canadian cities, thanks to softening home prices. Notably, Vancouver experienced the most significant drop in the income needed to buy a home. We also saw a slight dip in mortgage rates, and those searching for discounted fixed-rate mortgages below 4% still have opportunities available. Drawing on my background in real estate, IT, and public service, I see these changes not just as numbers, but as new possibilities for individuals and families looking to secure their financial future through property. My team and I are here to help you make sense of these trends and turn them into real advantages for your next move.