Is It Still a Good Time to Buy? Here’s What Mid-2025 Home Buyers Need to Know
- Edith Parinas
- Jul 23
- 2 min read
Interest rates are softening, but uncertainty still looms — what does that mean for your homeownership journey?
📉 A Softer Market... for Now
After the Bank of Canada’s recent rate cut in June, we’re seeing a modest uptick in buyer activity — especially from those who’ve been waiting on the sidelines. But this isn’t 2021 all over again.
The pace is slower. Sellers are more realistic. And the power balance between buyers and sellers is levelling out — at least for now.
For many, this is actually a sweet spot.
🔍 Here’s What to Watch
1. Rates Could Drop Again — But Don’t Bank On It
Yes, economists predict another cut or two before year’s end. But global instability (think U.S. tariffs, supply chain disruptions, inflation) means that rates could also plateau or even rebound.
🧠 Smart move: Get pre-approved and lock in a rate now — even if you’re not ready to buy for 60–120 days.
2. Inventory Is Shifting
Some cities are seeing more listings hit the market. This gives buyers more choice and sometimes a bit of bargaining power — especially with motivated sellers.
📍 Ottawa Watch: We’re seeing more “offer anytime” listings and fewer bidding wars. Opportunity knocks!
3. Affordability Is Still Tight — But Creative Solutions Help
If you’re a first-time buyer, solo purchaser, or self-employed, you might still feel boxed out by price tags. But options like:
Co-ownership with a friend or family member
Purchasing a home with a rental unit
Exploring areas just outside your ideal neighbourhood
…can open doors.
I also help clients get creative with income structure, down payment strategies, and debt ratios — especially if you're self-employed or an entrepreneur with variable income.
💡 Ask Yourself This...
Can I reasonably afford a home right now with my current budget?
Am I prepared for ongoing ownership costs?
Have I talked to a mortgage broker (hi!) about what I actually qualify for?
If you answered yes or “I want to explore that,” then yes — it can still be a great time to buy.
🛠 Tools to Help You Take the First Step
✨ Final Word
You don’t need to time the market — you need to time your life. The “right time” to buy isn’t always about headlines… It’s about your goals, numbers, and plan.
I’m here to help you get the clearest picture possible — with no pressure and all the support.
Let’s connect and map your options 🗺️
– Edith Parinas
'The Mortgage Broker ~ The Yogi ~ The Blogger'
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