Canada housing affordability and market trends

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Navigating the Canadian housing market has always been a journey, but recent years have truly tested buyers’ resilience. The pandemic housing boom, paired with persistent inflation, has made finding that perfect home more challenging for so many. We’ve seen the Bank of Canada respond with sharp rate hikes, and while there have now been nine cuts—bringing rates down to 2.25%—the landscape remains unpredictable. Inflation is hovering near 3%, and fixed mortgage rates are still swinging, with some dipping just below 4%.

After three decades helping Vancouver families—young professionals, retirees, and even three generations under one roof—I know how personal each search can be. Despite the volatility, I still believe that home ownership is a source of real pride. For those feeling uncertain, know that you’re not alone; every market shift brings its own set of challenges and opportunities. If you’re thinking about your next move, I’m here to help you navigate every step.

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