Canada housing affordability and market trends

Navigating the Canadian housing market has become more challenging for many, with the effects of the pandemic housing boom and persistent inflation shaping the landscape. The Bank of Canada’s rapid rate hikes—followed by nine subsequent cuts, bringing the rate down to 2.25%—have contributed to a dynamic and sometimes unpredictable environment. With inflation hovering around 3% and fixed mortgage rates still fluctuating, some even dipping below 4%, it’s clear that buyers and sellers need to stay informed and adaptable. Since 2010, I’ve helped clients across Bridgewater and beyond move forward with clarity and confidence, even as conditions shift. Understanding these trends is key to making your next move with assurance.