July brought a welcome shift for homebuyers, with affordability improving in 10 out of 13 major Canadian cities. Falling home prices played a key role, and Vancouver, in particular, experienced the largest drop in the income needed to purchase a home. It's encouraging to see mortgage rates edging down, with discounted fixed-rate options still available below 4%. For those exploring the Greater Vancouver or Fraser Valley markets, understanding these changes is essential for making confident decisions. Having spent over three decades guiding clients through evolving markets like this, I know how much the right timing and knowledge can impact your experience—whether you're buying your first home or planning a move within our wonderful communities.