May 8 | Real Talk by Mortgages By Ashlei

Let’s not sugarcoat it—2020 was the real estate glow-up of the decade. Mortgage rates dipped to a spicy little 2.84%, and homes were going for prices that feel like a fairy tale now. But if you didn’t buy then? Don’t beat yourself up. A lot of people sat on the sidelines, waiting for that mythical unicorn market moment.

Here’s the deal: that “perfect time” everyone was waiting for? It’s gone. Poof. But before you spiral into regret, let me hit you with some real estate wisdom:

✨ The perfect time to buy a home isn’t when rates are at their lowest—it’s when you are ready and able to buy. ✨

The Market Doesn’t Wait—Why Are You?

Let’s talk about how the Canadian market has been acting like it just got a makeover and a raise:

📈 Prices exploded from 2020 to 2022 thanks to historically low rates.
📉 2023 had a lil' dip (blink and you missed it).
📈 2024 is back on the upswing—and CREA says we’re cruising to a national average of $746,379 by 2026.

Translation? The market isn’t slowing down to wait for your commitment issues.

Still Waiting on Rates? Here’s Your Reality Check.

If you’re clinging to the hope that rates will drop back to pandemic lows, let’s get you grounded:

📉 We already saw the peak—rates hit 5.94% in late 2023.
💡 They’re hovering around 4.5% now, depending on the lender and type of mortgage.

And here’s the spicy truth:

When rates go down, prices shoot up.
That’s just how supply and demand works, babe. More buyers = more competition = higher prices.

So ask yourself: are you waiting for lower rates... just to end up paying more for the house?

Real Estate is a Long Game—Not a Gamble

Look, you’re not trying to time the market like a stock day trader. You’re trying to build wealth, stability, and a life. And real estate is still one of the most powerful wealth-building tools we’ve got.

Here’s why jumping in now makes way more sense than standing on the sidelines:

💰 Equity Magic – The longer you own, the more you gain.
🏡 Market Resilience – Dips happen, but recovery always follows.
📈 Wealth That Works While You Sleep – Real estate appreciates even when you're binge-watching Netflix.

So unless you’ve got a crystal ball that says houses will be cheaper in five years (spoiler: they won’t), what exactly are you waiting for?