The Hidden Cost of Waiting: Why Some Canadians Regret Delaying Their Home Purchase in 2025

In 2025, many Canadians continue to delay buying a home, hoping for lower interest rates or a housing market correction. But waiting could be costlier than you expect. Here’s why:

✅ Home prices may rise faster than rates fall

Even with rates higher than a few years ago, home prices in cities like Ottawa, Toronto, and Vancouver have remained resilient. Example: A $600,000 home appreciating just 3% per year will cost $618,000 next year. If rates drop by 0.25%, the small rate savings won’t offset the higher purchase price.

✅ You miss out on equity growth

Owning means you’re paying yourself, not your landlord. Let’s say you buy that $600,000 home with 5% down. In one year, just through payments and appreciation, you could gain $20,000+ in equity — money you wouldn’t see if you kept renting.

✅ Rent keeps rising

Renters hoping to save for a down payment may find rent hikes outpace their savings ability. For example, a $2,500/month rent increasing 5% costs you an extra $1,500 per year — money that could have gone toward a mortgage.

✅ You can’t time the market perfectly

Market shifts are unpredictable. Rather than aiming for the perfect rate or price, focus on your personal readiness — stable income, manageable debt, and a good down payment.

💡 Bottom line: The best time to buy is when you’re ready. A broker can help you plan smartly, even in today’s market.