Why Now Is the Right Time to Make Your Move into Homeownership
Owning a home in Canada is the most affordable it’s been in three years.
If you’ve been waiting for a sign that it’s time to buy a new home, this is it.
According to a recent RBC Housing Trends and Affordability Report, owning a home in Canada is the most affordable it’s been in three years. A combination of interest rate cuts, modest home price easing, and sustained income growth is giving homebuyers a real opportunity to make their move. While affordability challenges remain in some major cities, the overall trend is clear: things are getting better for buyers and it’s happening now!
Interest rates are on your side.
After years of rising rates, recent interest rate cuts are easing the pressure on monthly mortgage payments. This is good news for anyone considering homeownership, especially first-time buyers. Lower borrowing costs are one of the biggest drivers making homeownership more attainable in 2025 than it has been since 2022.
This means that buyers who act now can lock in a mortgage at a lower rate, potentially saving thousands over the course of their loan.
Affordability is improving.
RBC’s national affordability measure dropped significantly this year, meaning housing is becoming more accessible, especially in key regions outside of the high-demand markets like Vancouver or Toronto. In Ottawa and surrounding communities, we’ve seen a more balanced market, moderating price gains, and growing inventory, all of which point toward improved buying conditions.
Experts also caution that most of the big improvements may already be behind us. As interest rates stabilize and home prices find their footing, we could see conditions tighten again. Now is the sweet spot.
Confidence is returning to the market.
Although uncertainty caused by global economic tensions temporarily slowed down activity this spring, signs are pointing to a rebound in buyer confidence. With a clearer outlook, more buyers are stepping off the sidelines, ready to take advantage of the current window of opportunity.
And while affordability will continue to be a challenge in some markets, Park View Homes focuses on housing solutions offering buyers better value in growing communities surrounding Ottawa including Merrickville and Smiths Falls.
Buyers are finding affordable entry points into the market, especially with smaller homes, townhomes, and more compact lots designed with budget-conscious homeowners in mind.
Why choose Park View Homes?
Thousands of families have trusted Park View Homes to build their homes. If you want a builder that puts quality, care, and community first, we’re confident this is the right choice.
Our inventory of move-in ready homes gives you more options to choose from, thoughtfully designed homes starting in the low-mid $400s
Our homes are built in master-planned communities where your budget stretches further, including Merrickville and Bellamy Farm (Smiths Falls), both just an hour distance from Ottawa
We focus on delivering high-quality ENERGY-STAR certified homes
Local builder with local roots
Register your interest today or contact our Sales Consultants for more information:
sales@parkviewhomes.info or call 613-702-5010
