Housing affordability rises in Canada

Canada's housing affordability has improved recently, mainly in large markets where prices have declined. Over 57% of Canadian markets saw better affordability in early 2026 compared to late 2025, though this is lower than the peak improvements seen in mid-2025. Ownership costs as a percentage of income dropped to 52% in late 2025 and are forecasted to improve slightly in 2026. Major cities like Toronto and Vancouver remain above the national average, while Calgary and Edmonton show better affordability.