Home affordability improves in most Canadian markets

Home affordability saw a boost in 10 out of 13 Canadian markets this August, thanks to price drops in most major cities. Toronto led the way with the largest improvement, while cities like Halifax, Ottawa, and Fredericton experienced tougher conditions. It's worth noting that fixed mortgage rates have edged up to 4.24%. As a Homelife Higher Standards Sales Representative, I keep a close eye on these shifts to better guide you through every stage of your real estate journey.