Is Now a Good Time to Buy?

If you are asking whether now is a good time to buy, my honest answer is this: it depends more on your life than the headlines.

In the London Ontario real estate market, we are in a more balanced place than we were during the peak frenzy years. That tells me buyers have more choice and a bit more breathing room than they did when every home felt like a bidding war.  

That matters.

Look, a lot of people are waiting for the “perfect” time. Lower rates. Lower prices. More certainty. The problem is that real estate rarely gives us all three at once. 

Here’s the thing: waiting can make sense, but only if there is a clear reason behind it.

If you need more time to save your down payment, improve your credit, reduce debt, or build job stability, waiting may be the right move. That is smart planning.

But if you are financially ready now, waiting just because you hope the market will suddenly become easier can backfire. Sales were mostly unchanged month over month, and new listings were also barely down.  2026 may still bring modest sales momentum, even though the forecast has been revised lower. The latest forecast says Ontario is expected to see very little price growth this year, which may give buyers a window to act without the pressure of rapidly rising prices.  

That creates an interesting setup in the London Ontario real estate market.

You may not be buying at the bottom. No one rings a bell when the bottom hits. But you may be buying in a market where there is more selection, less chaos, and more room to negotiate than we have seen in a while.

For me, the better question is not “Is now a good time to buy?” It is, “Am I in a good position to buy now?”

If the answer is yes, this market may offer real opportunity. If the answer is no, there is nothing wrong with waiting and making a plan.

If you want, I can help you look at your situation and figure out whether buying now or waiting makes more sense for you.