Falling home prices drive record 10th straight quarter of affordability gains

It’s encouraging to see housing affordability improve for the 10th consecutive quarter—a rare streak, and one that’s making a real difference for buyers. Falling home prices are helping to balance out those persistent mortgage rate increases, and now we’re seeing payments at 51.1% of median income. Of course, Vancouver continues to lead as the least affordable market, but the broader trend is positive. The real key moving forward will be steady income growth and keeping price jumps in check. As someone who’s been navigating the Toronto real estate market since 1987, I’m always looking for ways to help my clients SAVE MONEY and make informed decisions, whether you’re buying, selling, or investing. My approach is simple—more service, less pressure, and a sharp focus on your bottom line.

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