Real Estate

Best time of year to buy?

  • Last Updated:
  • May 14th, 2019 8:34 pm
Tags:
[OP]
Member
Apr 21, 2019
210 posts
143 upvotes

Best time of year to buy?

It seems to me that prices might be highest right now in the spring, and going to drop over the summer as the good houses get picked off. Is that true?

And perhaps prices would be lowest in the fall and winter... if sellers are desperate to sell quickly.

We are currently looking to buy but we are just watching and waiting (we have up to 1 year before we need to buy). We only found 1 house we really liked and the seller rejected our offer. There are many other houses we'd be content with, but prefer to fish for the best price.
6 replies
Deal Addict
User avatar
Jan 19, 2005
4433 posts
1342 upvotes
Why do you "need" to buy? Does it really hurt to rent?
signature closed for renovation
Deal Addict
Jan 1, 2017
1339 posts
1176 upvotes
The best time to buy was yesterday.... :)
Just buy when you are ready and you find the right house or condo. It’s impossible to time the market.
Member
Oct 21, 2013
285 posts
142 upvotes
waterloo, on
You cannot predict the market. while yes, its a norm for people to move during spring and summer time and hold on to their nests in winters, it certainly isn't the major factor in driving the market. Buy when you are ready to do so and financially capable of taking a responsibility.
Serving Kitchener/Waterloo/Guelph/London/Hamilton/Niagara and surrounding areas
Deal Addict
User avatar
Dec 13, 2016
3695 posts
3191 upvotes
I didn't find any deals this past winter when seller's were "desperate".

If you did, why didn't you buy?
[OP]
Member
Apr 21, 2019
210 posts
143 upvotes
recordman wrote: Why do you "need" to buy? Does it really hurt to rent?
Technically we could rent, but it seems like a waste of money. We will watch for rental prices to go down but are not expecting it to happen.
BiegeToyota wrote: I didn't find any deals this past winter when seller's were "desperate".

If you did, why didn't you buy?
We just started looking 2 months ago. Retrospectively, we saw 2 really nice places that had recently sold in the area we're looking (one in Dec, one in Feb). There are currently 9 listed in that area, all of which are priced well above and only 1 of which is really nice. We may end up buying that place if they lower their price down to where we're at and nobody else buys it before then.
Deal Addict
May 1, 2018
1486 posts
939 upvotes
Vancouver
recordman wrote: Why do you "need" to buy? Does it really hurt to rent?
Sometimes it brings a sense of ease and comfort to know that you can call a place your "home" so to speak. You can do almost anything to it without any repercussions as opposed to renting considering you're just renting someone else's place to live in. It's not exactly your "home" but it's still a home to go to.

Top