Home affordability improves in 10 of 13 Canadian cities in July

July brought encouraging news for buyers—home affordability improved in 10 of Canada’s 13 largest cities, thanks to a dip in home prices. Vancouver led the way with the most significant decrease in the income needed to purchase. We also saw a modest drop in mortgage rates, and it’s still possible to secure discounted fixed-rate mortgages below 4%. In my 21 years guiding clients across the GTA, I’ve found that understanding these subtle market shifts—beyond just the headlines—makes a real difference when it comes to making strategic real estate decisions. My approach is always to combine deep market insight with tailored marketing and negotiation, ensuring you’re well positioned whether buying or selling in this evolving landscape.