Let’s be honest—2020 was a dream for homebuyers. Prices were lower, and mortgage rates hovered around 2.84%. But if you didn’t take the plunge, you’re not alone. Plenty of people held off, waiting for that so-called "perfect" moment.
Fast forward to today: prices have climbed, interest rates have bounced around, and some buyers are still on the sidelines. But here’s the deal—there’s no such thing as a perfect time to buy. There’s only the right time for you.
Just ask real estate mogul Barbara Corcoran:
"The perfect time to buy a house? When you can afford the down payment—not when you’re waiting for the ‘perfect’ market."
The Market Won’t Wait for You
Here’s how home prices in Canada have moved over the years:
- Prices surged between 2020 and 2022, thanks to ultra-low interest rates.
- The market cooled in 2023 but is already bouncing back.
- CREA predicts home prices will climb another 3.3% in 2026, hitting $746,379.
Barbara and other experts agree: waiting usually costs more in the long run.
Interest Rates Go Up & Down—Home Prices Keep Going Up
If you're holding back because of interest rates, here’s what you need to know:
✔️ Rates peaked at 5.94% in late 2023 but have since dropped to around 4.5% (depending on your lender and mortgage type).
✔️ When rates drop, demand increases—and so do home prices.
✔️ Over time, real estate always appreciates. Even when the market dips, history shows it rebounds stronger.
Bottom line? You don’t wait to buy real estate—you buy real estate and wait.
Play the Long Game—Not the Waiting Game
Barbara has seen it all, and her advice is clear: Get in when you can afford it. Here’s why:
🏡 Equity Growth – The sooner you buy, the more your home appreciates and builds wealth.
📈 Market Stability – Short-term dips happen, but real estate always recovers.
💰 Wealth Creation – Owning a home is one of the best long-term investments for financial security.
Still waiting? Ask yourself: Will homes be cheaper five years from now? The data says no.
Let’s talk about getting you into the market—before prices rise again.