July brought a welcome shift in housing affordability across much of Canada. In 10 out of 13 major markets—including right here in Vancouver—home prices moved downward, easing the amount of income needed to qualify for a mortgage. While mortgage rates nudged down just a touch, it was really these price adjustments that made a difference for buyers. Having lived and worked in nearly every corner of the Cowichan Valley, I understand firsthand how these market changes can open up new possibilities for families looking to put down roots. Whether you’re navigating your first home or moving within our beautiful valley, knowing where prices are headed is key to making confident decisions.
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