Canada’s Affordability Streak Hits 10 Quarters | Your Go To Realtor for Edmonton & Area!

Affordability has now been a major challenge in Canada’s housing market for 10 straight quarters. With mortgage rates expected to hold steady or even increase over the next year, the spotlight is shifting to home prices and income growth as the main factors shaping what buyers and sellers can manage. For many in Edmonton, where I’m focused on making your real estate journey less stressful, this means keeping a close eye on how local prices move and how the job market supports household incomes. Slower population growth is also expected to help keep prices in check, but economists remind us that without consistent moderation in home prices, any improvements in affordability may be limited. It’s important to remember that each market is unique—what’s happening in Vancouver or Toronto isn’t always what we see in Calgary or here in Edmonton. As your local realtor, I’m here to offer honest advice tailored to our city’s ever-changing landscape, always keeping your needs and goals front and center.