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

It’s not every day we see housing affordability improve for ten straight quarters, but that’s exactly what’s happened: home prices have eased enough to counterbalance rising mortgage rates, bringing payments to 51.1% of median income. As someone who’s spent years navigating Vancouver’s unique market, I know firsthand how significant this shift is—though Vancouver remains the most challenging city for affordability. Sustained improvement here will depend on steady income growth and balanced price trends. My background in real estate investment and in-depth understanding of construction and local bylaws help me keep a close eye on these trends, so clients can move forward with confidence, even in a market as dynamic as ours.