Home affordability improves in most Canadian markets

August brought a shift in home affordability across Canada, with prices easing in most major cities—10 out of 13 markets saw an improvement. Toronto experienced the most significant gain, while some areas like Halifax, Ottawa, and Fredericton faced more challenging conditions. Fixed mortgage rates, however, climbed to 4.24%. As someone who works closely with buyers and sellers in communities from Central Lonsdale to Westwood Plateau, I always keep an eye on these market changes to help clients navigate their options with confidence.