Canada’s Affordability Improves as Fixed Rates Rise

I’ve always believed that understanding the true state of our local market requires more than broad national headlines. Recent reports mention shifting affordability across Canada as fixed rates rise, but without specific figures for home prices, mortgage rates, or sales here in Prince Edward County—or even at the provincial level—we simply don’t have the details to draw meaningful conclusions for our own community. The statistics shared focused on select metros and the country as a whole, leaving out the day-to-day realities we see here. For anyone weighing a move or investment in the County, the key takeaway is to approach sweeping national claims with caution. Local expertise and a clear-eyed look at our unique market conditions are always your best guides. That’s the approach I’ve brought to every client since 1987.