It's been a rare stretch: for the tenth quarter in a row, Canadian housing affordability has taken a turn for the better. In Q2 2026, we've seen affordability improve as home prices soften—even though borrowing costs continue to weigh on buyers. The national index has fallen by 11.4 points since the end of 2023, which is real movement. But as someone who's watched the Calgary market through every season and every cycle, I know the big picture is more complicated. Affordability still sits below historic norms, and the story changes from one region to the next. For Calgary families, this mix of numbers and realities is exactly why a local perspective matters. Eighteen years in, I never lose sight of how these shifts affect both the first-timers and those planning their next investment or renovation.
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