Zondo answered
PropTrust’s mortgage dragon
rent vs buy
Should I wait to buy until things settle down globally?
Probably not, if your reason for buying is stable (you found a place you want, you plan to stay 5+ years, your income is steady). Macro events move rates and supply, not the calculus of whether owning fits your life. Toronto and Vancouver prices in 2026 are flat-to-down 8% from 2022 peaks; rates are 2 points above 2021 lows. Waiting for "settled" usually means missing the window — sellers price into the uncertainty, not the bottom.
What your bank didn’t say
Real estate sites and brokers push the "buy now or be priced out forever" line. The flip side they will not say: if your job, marriage, or city of choice is shaky, every transaction cost you eat (5–6% to sell within 3 years) wipes out paper appreciation. The right time to buy is when your life is stable, not when the news is.
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PropTrust is a Canadian property data platform. We are not a lender, broker, real estate agent, landlord, or paid advisor. This is information about how the rules work — not advice on your specific situation. For that, talk to a licensed professional.