Lately, we’ve seen home affordability regain some stability across Canada, with the average five-year fixed mortgage rate reaching 4.55% in August. While this uptick in rates hasn’t had much effect on monthly payments so far, the real boost to affordability is coming from declining home prices, particularly in Toronto, Vancouver, and Montréal. As someone dedicated to supporting your real estate journey from every angle—including a keen eye for inspection details—I keep a close watch on these shifts so you can make confident decisions about your next move.
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