September brought a notable shift in home affordability across Canada, with 12 out of 13 major markets seeing improvements—an encouraging trend for buyers. Despite slightly higher fixed mortgage rates, lower home prices played a significant role in making homeownership more accessible. Markets like Halifax, Ottawa, and Victoria led the way with the largest gains, while Fredericton saw a minor downturn. As someone who’s managed over 450 transactions and keeps a close eye on market dynamics, I know how these changes can influence your real estate journey. Staying informed about affordability trends is essential for making confident decisions in our evolving market.
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