“I’m Just Waiting for Rates to Drop…”

Here’s Why That Might Cost You More Than You Think

I’m not sure if this is for you, but a lot of people I talk to right now are saying the same thing: “We’re just going to wait. Interest rates haven’t dropped enough yet.”

And I get it. On the surface, it sounds logical. But here’s the truth that most people don’t realize until it’s too late: By the time rates drop enough to make headlines, the opportunity to buy smart might already be gone.

Let me explain.

What Happens After Rates Drop?

We’ve seen this play out before—many times. When rates fall even slightly:

More buyers jump into the market
Competition increases fast
Multiple offers return
Home prices get pushed up—fast

So yes, your interest rate might go down 0.5%… that’s $29/month in payments per $100,000 of mortgage outstanding. But you’re now competing against 12 offers instead of 2.

Just imagine finally finding a home you love—only to lose it because 11 other buyers had the same “wait for rates” idea.

The Real Cost of Waiting

Let’s talk dollars and sense. Say today’s rate means your mortgage payment is $180/month more than your “ideal” future rate. That’s one dinner out. Over a year? That’s just over $2,000. But if home prices jump $25,000–$40,000 this spring because more buyers flood in when rates drop? Those monthly savings just evaporated. Plus, you’re now paying more for the same house.

“Would it be crazy to say… you’re not actually saving money by waiting?”

Smart Buyers Think Differently

You might have heard this before- Marry the home, and date the rate! You’re not buying an interest rate—you’re buying a home. You buy location, lifestyle, and long-term potential. You buy security and the ability to finally stop renting or upsizing into what you really need and want. And if the right home is out there right now, in the right price range, in the right neighbourhood? Then the question isn’t “What’s the rate?” . The better question is: “What happens if I wait and that opportunity disappears?”.

Let’s Talk Strategy (Not Sales)

If you’re sitting on the fence this spring in Guelph, I’m not here to push you—I’m here to prepare you. Whether you’re buying next week or six months from now, having a clear plan is what gives you confidence when the right home shows up.

Want to explore what’s possible, not pressured? Book a 15-minute chat with me. No pitch. Just perspective.

📩 20-min-consultation-call with Paul

Bottom Line:

Waiting might feel safer. But sometimes the safer play is the smarter action—before the crowd gets moving. Because while they’re still doom-scrolling the socials and the news, you could be moving into your new home.

Ready to think differently this spring?

Let’s talk strategy before the opportunity disappears.

Enjoy the weekend,

Paul

Appointment Calendar: https://calendly.com/homegrouprealty

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LISTING OF THE WEEK

229 Kenneth Avenue, Kitchener

$789,000

Detached Sidesplit
3 + 1 Bedrooms
2 Full Baths
1,652 Above Grade Sqft
3 Parking Spaces

Looking for a bright and fresh four bedroom sidesplit on wide lot with park-like setting in the private backyard?
Looking for an oversized attached garage? Enter the new front door and put your feet on the hardwood floor in this generous sized living room with newer vinyl windows. The kitchen not only sports recently refaced white cabinets, but also gives access to the garage and a great view of the kids playing in the fully fenced back yard with shed, large deck and backing onto no back yard neighbours. With four bedrooms (three up and one down) and two full bathrooms, there is lots of room for everyone and enough space to work from home. Enjoy carpet-free hardwood upstairs and newer plush carpet on the lower level. Looking for storage? The sheer volume of the crawl space allowed the current family to store twenty years worth of treasured memories. Start making your memories today.

Listing Courtesy of Keller Williams Home Group Realty Brokerage

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