Did home affordability improve in 10 of 13 Canadian markets in July 2026? The headline may signal progress, but affordability is local and depends on more than a single monthly change. This guide shows how to interpret the result by examining home prices, household income, mortgage rates and total carrying costs. It also highlights why buyers should compare markets carefully, monitor rate and inventory trends, and test their budgets against changing payment scenarios. Use the data as a starting point—not a guarantee—and seek professional advice before making a major housing decision.
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