09/05/2026
Falling home prices drive record 10th straight quarter of affordability gains
For the 10th consecutive quarter, we've seen housing affordability improve—a rare streak driven by declining home prices, even as mortgage rates have climbed. Right now, average payments sit at 51.1% of median income. While that's still a considerable portion, it signals a shift that's worth watching. Vancouver continues to top the list as the least affordable market, but true progress will rely on steady income growth and a careful balance in future price trends. As someone who focuses on Victoria real estate, I’m always tracking these shifts to help clients understand what they might mean for their next move.
https://www.housing-trends.com/agent-news/glen-glowinski43/1923976-Falling-home-prices-drive-record-10th-straight-quarter-of-af