As someone who’s worked with Calgary families through all kinds of market cycles, I’m always watching for positive shifts that make homeownership more achievable. For the 10th quarter in a row, housing affordability has improved—thanks in large part to falling home prices balancing out those stubbornly high mortgage rates. Right now, average payments sit at 51.1% of median income. While Vancouver is still the least affordable market, it’s encouraging to see this momentum. Of course, continued improvements will depend on steady income growth and keeping price increases in check. Whether you’re looking at your first home, thinking about downsizing, or searching for that perfect rural retreat, understanding these trends can help you plan your next move with confidence.
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