Scared To Enter The Market

We hear it often, "I want to wait till rates go down" "It is too expensive to buy right now" "It feels scary I want to wait"

Lots of buyers are sitting on the fence, they don't want to pay these rates.... but let's sit down and talk, what do you think will happen when the rates go down?

When we saw a rate HOLD this past winter... just a hold... things went a bit bananas, everyone got super excited, let out a big sigh of relief and jumped into the market, and the price of homes went up. After that happened the Bank of Canada saw it and was like "We need to calm things down more" and we have now seen more rate increases.

So, in the future when rates go down, what will happen to home prices? Most likely they will go way up. All these buyers who have been sitting and waiting for the rates to go down will jump, both feet in and it will be a feeding frenzy again.

So.... buy now, do a short-term mortgage or a variable, and then wait for the rates to go down. Buy when the market isn't crazy, buy when others are sitting back scared, take advantage, and then sit back and relax in your new home when everyone else jumps into the market.