Mortgage Blog
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Thinking of waiting for home prices to drop? You might be waiting a long time…
August 6, 2025 | Posted by: Angela Robinson
A new Royal LePage survey shows 54% of Canadian renters plan to buy a home, with a third hoping to do so in the next two years. But here’s the catch — 40% are holding off, waiting for prices to fall.
???? History tells a different story. Over the past 75 years, Canadian home values have grown an average of 5% per year, often outpacing inflation. Prices rarely “crash” in a way that benefits the average buyer, and the market may already be turning a corner after months of slowing sales.
Add in the fact that interest rates might not drop as much (or as quickly) as many hope, and the waiting game could mean missing your chance entirely.
Meanwhile, renting isn’t exactly getting easier. Rents have climbed faster than wages in recent years, with many Canadians now spending 30–50%+ of their income just to keep a roof overhead.
✅ The truth? The “perfect time” to buy isn’t a magical future date — it’s when you find a home that fits your needs and a plan that works for your budget.
If you’re wondering whether now could be your moment, let’s talk. We’ll walk you through your options, run the numbers, and help you make a confident move — before the market moves without you.
???? Alberta Mortgage Professionals | Your guide to smart home buying in Alberta. Call 780 701 3888 or email marc@albertamortgagepros.ca
