As October unfolds, Canada’s housing market is showing signs of change. From regional optimism to improving affordability and record household wealth, here’s what borrowers need to know this month.
House Price Expectations: Regional Differences
According to Bank of Canada survey data, a record share of Canadians, both homeowners and renters say they are likely to move in the next year. This increased mobility could reshape demand across regional markets, creating both opportunities and challenges.
What this means for borrowers: Regional outlooks matter. Borrowers in Quebec and Atlantic Canada may see stronger near-term growth, while Ontario and B.C. remain steadier. Tailoring your borrowing or refinancing strategy based on regional trends can help you make smarter, more informed moves.
Bank of Canada Outlook
After September’s 0.25% rate cut, markets are now expecting just one more cut likely in January 2026. This signals a period of relative stability in borrowing costs through the months ahead.
What this means for borrowers: With rates expected to remain steady, now is a great time to reassess your mortgage strategy. Whether you’re buying, renewing, or refinancing, a mortgage professional can help you secure a rate and term that fit your local market and long-term goals.
Market Balance in Major Metros
Ontario and B.C. metros have seen stronger sales-to-new-listings ratios, suggesting tighter conditions. Meanwhile, Alberta has cooled slightly, showing more balanced market activity.
What this means for borrowers: In tighter markets like Ontario and B.C., faster approvals and flexible lending solutions can make all the difference. Alberta’s balanced conditions, on the other hand, offer opportunities for borrowers looking to take advantage of more favorable terms and timelines.
Affordability Slowly Improving
While housing affordability remains a challenge, it’s slowly improving, now back to late 2021 levels. September’s rate cut brought further relief and may encourage more buyers to enter the market.
What this means for borrowers: Improving affordability could boost activity especially among first-time buyers. Flexible lending options outside traditional banks can help borrowers who need tailored solutions to achieve homeownership sooner.
What Should You Do Next?
Whether you’re a first-time homebuyer, renewing your mortgage, or just beginning to explore your options—now is the time to plan ahead. With affordability improving, inventory tightening, and regional shifts underway, a customized mortgage strategy can save you both time and money.
At Cashin Mortgages, we help you navigate market changes with confidence. Our team works with major banks, alternative lenders, and private solutions to find the right mortgage fit for your situation.
📞 Need advice? We’ve got you covered.
Let’s talk about your goals and make sure you’re ready for what’s ahead.
