For the 10th straight quarter, we’ve seen housing affordability improve—this time thanks to falling home prices counteracting rising mortgage rates. At this milestone, average payments now sit at 51.1% of median income. Yet, Vancouver continues to stand out as the least affordable market in Canada—a reality that those of us working and investing here know all too well. As someone who specializes in Vancouver’s high-value and investment spaces, I’m always watching how these shifts affect long-term value, renovation potential, and portfolio growth. The path forward for further affordability gains? It hinges on income growth and keeping price increases in check. For buyers, investors, and developers navigating these conditions, a strategic approach—grounded in analytics and a real understanding of property fundamentals—remains essential.
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