Over the past 10 quarters, we've seen Canada grapple with ongoing affordability challenges in the housing market. As a mortgage broker licensed in both BC and Alberta, I've noticed that conversations with clients are more nuanced than ever—what's happening in Vancouver or Toronto can look very different from the realities buyers and sellers are facing in Calgary or Edmonton. With economists predicting mortgage rates will hold steady or possibly rise over the coming year, attention is shifting toward the impact of home prices and income growth on affordability. Slower population growth may help ease housing demand and stabilize prices, while a gradually improving labour market is expected to support household incomes. Still, real affordability gains will likely depend on whether home prices moderate consistently. My focus remains on finding lending solutions tailored to your unique circumstances, whether you’re considering a first mortgage, refinancing, or exploring options like HELOCs or private lending. Every market—and every client—requires a customized approach.
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