Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited.
Category: Latest Posts
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Happy Labour Day! | Your Go To Realtor for Edmonton & Area!
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Falling home prices drive record 10th straight quarter of affordability gains
It’s encouraging to see housing affordability improve for the 10th straight quarter, even as mortgage rates climb—falling home prices have helped bring payments to 51.1% of median income. For many families, that can mean more breathing room as they consider their next move. Of course, not all markets are equal—Vancouver remains the least affordable, reminding us how local factors really shape your options. Looking ahead, continued progress will depend on income growth and keeping price increases in check. As someone committed to guiding you through every step of the buying or selling process, I keep a close watch on these trends so you can make informed decisions that fit your goals.
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Edmonton: Affordability Deteriorates as Prices Rise | Your Go To Realtor for Edmonton & Area!
In Late-Q2 2026, Edmonton was among four metros where affordability deteriorated, as home prices continued rising and made ownership costs tougher for households.
Edmonton's result showed local price growth offset broader affordability supports seen elsewhere, underscoring how strongly home values still shaped buyers' monthly payment burden.
The monitor said affordability gains across covered markets had shifted from rate-driven relief to price-driven relief, an important backdrop for understanding Edmonton's current direction.
Looking ahead, the bank did not expect mortgage rates to deliver more affordability relief over the next year, reducing one potential support for Edmonton.
For Edmonton, the report pointed to income growth and restrained home-price appreciation as the main paths toward renewed affordability improvement in the periods ahead. -
Canada: Young Canadians Rethink Homeownership | Your Go To Realtor for Edmonton & Area!
Canada’s affordability strain barely improved into the current second half of 2026, leaving many younger buyers feeling homeownership is slipping further out of reach.
Some younger Canadians have shifted toward 'doom spending,' prioritizing travel and experiences over downpayment savings because they doubt they will ever afford a home.
Family help remains a common path to a downpayment, and brokers say normalizing those conversations can reassure buyers who feel embarrassed asking relatives.
While activity stayed sluggish across many Canadian housing markets in 2026, debt servicing often remained the bigger barrier than the downpayment itself.
Entry-level homes moved quickly in one Canadian market, fueling competition, yet brokers still framed ownership as a meaningful long-term goal despite the stretch.
