Housing affordability continues to make headlines, now marking its 10th consecutive quarter of improvement. Falling home prices have played a key role, balancing out the impact of higher mortgage rates and bringing typical payments to 51.1% of the median income. While Vancouver still tops the list as the least affordable market, the trajectory for further gains will hinge on both steady income growth and keeping price increases in check. Drawing on my years of experience across Toronto’s residential and commercial real estate markets, I’m always watching these shifts closely to help clients make informed, strategic decisions—especially when the landscape is evolving.
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