Canada housing affordability and market trends

Navigating Canada’s real estate market has become increasingly complex following the pandemic housing boom and the challenges of high inflation. With the Bank of Canada having raised interest rates sharply, then cutting them nine times to reach 2.25%, many buyers are finding the landscape both competitive and unpredictable. Inflation remains at about 3%, and while fixed mortgage rates are still volatile, there are some options available under 4%. Drawing on my experience marketing homes across Abbotsford, Surrey, Vancouver, Burnaby, and New Westminster, I understand how these market shifts impact your search and decision-making process. Staying informed and adaptable is key in this environment.