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Housing affordability across Canada continues to be a major topic for families and individuals planning their next move. In Q2 2026, the national affordability reading reached around 41%, marking the 11th quarter in a row with some improvement. This progress has been driven by a combination of lower home prices, reduced borrowing costs, and stronger incomes. Still, even with about a 13-point improvement from the most challenging period, home ownership is taking up close to two-fifths of the average household’s income, so it’s understandable if it still feels out of reach for many.

It’s worth noting that these numbers are based on average disposable income, which doesn’t always reflect what most households experience day-to-day. As someone who walks alongside clients through every stage of buying or selling, I see firsthand how these broad figures don’t always match the reality families face, especially here in Edmonton. While economists point to easing rates and a significant price drop—around 20% nationally since the 2022 peak—the path forward still looks uncertain. If income growth remains slow and interest rate relief is limited, further home price adjustments might be on the horizon.

For anyone weighing their next step, know that the landscape is shifting, and having honest, local expertise makes all the difference. Your needs and goals remain my top priority as we navigate these changes together.

Housing affordability across Canada continues to be a major topic for families and individuals planning their next move. In Q2 2026, the national affordability reading reached around 41%, marking the 11th quarter in a row with some improvement. This progress has been driven by a combination of lower home prices, reduced borrowing costs, and stronger incomes. Still, even with about a 13-point improvement from the most challenging period, home ownership is taking up close to two-fifths of the average household’s income, so it’s understandable if it still feels out of reach for many.

It’s worth noting that these numbers are based on average disposable income, which doesn’t always reflect what most households experience day-to-day. As someone who walks alongside clients through every stage of buying or selling, I see firsthand how these broad figures don’t always match the reality families face, especially here in Edmonton. While economists point to easing rates and a significant price drop—around 20% nationally since the 2022 peak—the path forward still looks uncertain. If income growth remains slow and interest rate relief is limited, further home price adjustments might be on the horizon.

For anyone weighing their next step, know that the landscape is shifting, and having honest, local expertise makes all the difference. Your needs and goals remain my top priority as we navigate these changes together.

Housing affordability across Canada continues to be a major topic for families and individuals planning their next move. In Q2 2026, the national affordability reading reached around 41%, marking the 11th quarter in a row with some improvement. This progress has been driven by a combination of lower home prices, reduced borrowing costs, and stronger incomes. Still, even with about a 13-point improvement from the most challenging period, home ownership is taking up close to two-fifths of the average household’s income, so it’s understandable if it still feels out of reach for many.

It’s worth noting that these numbers are based on average disposable income, which doesn’t always reflect what most households experience day-to-day. As someone who walks alongside clients through every stage of buying or selling, I see firsthand how these broad figures don’t always match the reality families face, especially here in Edmonton. While economists point to easing rates and a significant price drop—around 20% nationally since the 2022 peak—the path forward still looks uncertain. If income growth remains slow and interest rate relief is limited, further home price adjustments might be on the horizon.

For anyone weighing their next step, know that the landscape is shifting, and having honest, local expertise makes all the difference. Your needs and goals remain my top priority as we navigate these changes together.

Housing affordability across Canada continues to be a major topic for families and individuals planning their next move. In Q2 2026, the national affordability reading reached around 41%, marking the 11th quarter in a row with some improvement. This progress has been driven by a combination of lower home prices, reduced borrowing costs, and stronger incomes. Still, even with about a 13-point improvement from the most challenging period, home ownership is taking up close to two-fifths of the average household’s income, so it’s understandable if it still feels out of reach for many.

It’s worth noting that these numbers are based on average disposable income, which doesn’t always reflect what most households experience day-to-day. As someone who walks alongside clients through every stage of buying or selling, I see firsthand how these broad figures don’t always match the reality families face, especially here in Edmonton. While economists point to easing rates and a significant price drop—around 20% nationally since the 2022 peak—the path forward still looks uncertain. If income growth remains slow and interest rate relief is limited, further home price adjustments might be on the horizon.

For anyone weighing their next step, know that the landscape is shifting, and having honest, local expertise makes all the difference. Your needs and goals remain my top priority as we navigate these changes together.

Housing affordability across Canada continues to be a major topic for families and individuals planning their next move. In Q2 2026, the national affordability reading reached around 41%, marking the 11th quarter in a row with some improvement. This progress has been driven by a combination of lower home prices, reduced borrowing costs, and stronger incomes. Still, even with about a 13-point improvement from the most challenging period, home ownership is taking up close to two-fifths of the average household’s income, so it’s understandable if it still feels out of reach for many.

It’s worth noting that these numbers are based on average disposable income, which doesn’t always reflect what most households experience day-to-day. As someone who walks alongside clients through every stage of buying or selling, I see firsthand how these broad figures don’t always match the reality families face, especially here in Edmonton. While economists point to easing rates and a significant price drop—around 20% nationally since the 2022 peak—the path forward still looks uncertain. If income growth remains slow and interest rate relief is limited, further home price adjustments might be on the horizon.

For anyone weighing their next step, know that the landscape is shifting, and having honest, local expertise makes all the difference. Your needs and goals remain my top priority as we navigate these changes together.

Looking ahead to 2027, the landscape of Canadian housing is expected to shift, with gradual improvements on the horizon as incomes and the economy gain strength. While sales are projected to recover, they're likely to remain below the busier pace we saw in the last decade. The Canadian Real Estate Association is also predicting only modest national price growth, pointing to a more stable market, not another surge. Increased inventory and softer demand in some areas could mean buyers will have more room to negotiate. As someone who values making your real estate journey smooth and informed, I always keep a close eye on these trends so you can plan your next move with confidence, whether you're stepping into the market for the first time or preparing for your next investment.

Looking ahead to 2027, the landscape of Canadian housing is expected to shift, with gradual improvements on the horizon as incomes and the economy gain strength. While sales are projected to recover, they're likely to remain below the busier pace we saw in the last decade. The Canadian Real Estate Association is also predicting only modest national price growth, pointing to a more stable market, not another surge. Increased inventory and softer demand in some areas could mean buyers will have more room to negotiate. As someone who values making your real estate journey smooth and informed, I always keep a close eye on these trends so you can plan your next move with confidence, whether you're stepping into the market for the first time or preparing for your next investment.

Looking ahead to 2027, the landscape of Canadian housing is expected to shift, with gradual improvements on the horizon as incomes and the economy gain strength. While sales are projected to recover, they're likely to remain below the busier pace we saw in the last decade. The Canadian Real Estate Association is also predicting only modest national price growth, pointing to a more stable market, not another surge. Increased inventory and softer demand in some areas could mean buyers will have more room to negotiate. As someone who values making your real estate journey smooth and informed, I always keep a close eye on these trends so you can plan your next move with confidence, whether you're stepping into the market for the first time or preparing for your next investment.

Looking ahead to 2027, the landscape of Canadian housing is expected to shift, with gradual improvements on the horizon as incomes and the economy gain strength. While sales are projected to recover, they're likely to remain below the busier pace we saw in the last decade. The Canadian Real Estate Association is also predicting only modest national price growth, pointing to a more stable market, not another surge. Increased inventory and softer demand in some areas could mean buyers will have more room to negotiate. As someone who values making your real estate journey smooth and informed, I always keep a close eye on these trends so you can plan your next move with confidence, whether you're stepping into the market for the first time or preparing for your next investment.