This July brought a welcome shift for home buyers across Canada: housing affordability improved compared to June. We saw home prices drop in 10 out of 13 major markets—including Vancouver, Hamilton, and Regina. That means the income required to qualify for a mortgage saw a dip, offering some relief to buyers. While mortgage rates edged down just slightly, it was the decrease in home prices that played the bigger role here. At the Tanweer & Laeeq Team, we keep a close eye on these market trends because understanding these shifts gives our clients the advantage—whether you’re buying, selling, or investing in Alberta. Our approach is always rooted in honest guidance and up-to-date market knowledge, so you can make confident decisions in a changing landscape.
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