For the 10th consecutive quarter, housing affordability has improved—a milestone driven largely by the recent dip in home prices, even as mortgage rates continue to rise. Currently, the typical mortgage payment sits at 51.1% of median income. While these numbers are encouraging for many buyers, Vancouver still holds its place as the country's least affordable market. Looking ahead, the sustainability of these gains will hinge on steady income growth and a careful balance in home price increases. Navigating these shifts in Calgary’s market is exactly where my expertise as a certified negotiations expert comes in, helping clients find pathways to home ownership even in changing conditions.
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