Should I wait for interest rates to drop before buying a home in London, Ontario?

It's one of the most common questions we hear — and the honest answer is: it depends on your numbers, not the headlines. The Bank of Canada has held its key rate at 2.25% since October 2025, with the next decision coming October 28, 2026. Waiting for a lower rate can make sense, but waiting also has a cost: home prices and competition can move while you wait, and today's stability actually gives buyers something valuable — predictability for budgeting and pre-approval. The better question is: can you comfortably afford the home you want at today's rates, and does it fit your 5-year plan? If the answer is yes, timing the market matters far less than choosing the right home.

— Paola Cano & Jose Ramirez, Thrive Realty Group Inc., Brokerage, London, Ontario.