Home affordability finds its footing, but rising rates could change that

As a real estate broker and CPA serving Toronto and the GTA, I’m always tracking the numbers that matter for homebuyers and investors. In August, Canada’s average five-year fixed mortgage rate inched up to 4.55%. The good news? This shift had minimal impact on monthly payments so far. What’s really making a difference in affordability is the drop in home prices—especially in Toronto, Vancouver, and Montréal. Whether you’re looking to buy, sell, or invest, understanding how these financial shifts play out on your bottom line is essential. I believe in giving my clients the clarity and financial intelligence to navigate these changes with confidence, keeping your real estate decisions as smart and stress-free as possible.

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