Is Now a Good Time to Buy in Ontario? Market Trends for 2025
Thinking about buying a home in Ontario? You’re not alone! With so much talk about interest rates, home prices, and market shifts, it’s tough to know if now is the right time to make a move.
The good news? There are opportunities for buyers right now. Prices in some areas have softened compared to last year, and there’s less competition than during the pandemic boom. If you’ve been waiting for a more balanced market, this could be your chance.
But there’s also a catch—interest rates are still higher than we’ve seen in recent years. That means affordability is a key factor. The Bank of Canada may adjust rates later this year, so buyers need to weigh locking in a mortgage now vs. waiting for potential relief.
My advice? Get pre-approved and understand what you can afford. If you find the right home at a fair price, it’s worth considering. Waiting could mean higher prices if the market heats up again.
Need help figuring out your best move? Let’s chat! 📞🏡
