09/05/2026
Falling home prices drive record 10th straight quarter of affordability gains
For the 10th consecutive quarter, buyers have seen a boost in housing affordability—a trend driven by falling home prices even as mortgage rates edge higher. Right now, housing payments sit at 51.1% of median income. While Vancouver continues to hold the title of least affordable city, the outlook for further improvement will depend on steady income growth and careful control of home prices.
After nearly three decades helping Calgarians buy and sell, I’ve seen the market ebb and flow, but extended runs like this are noteworthy. Whether you’re considering your next move or just keeping an eye on the numbers, understanding these shifts is key to making confident decisions. I’m always here to share insight and experience as the landscape evolves.
https://www.housing-trends.com/agent-news/mike-dreger/1923976-Falling-home-prices-drive-record-10th-straight-quarter-of-af