10/29/2026
The Bank of Canada has raised its policy rate by 0.25 percentage points. While this may add pressure to some borrowers, it doesn’t mean you have to give up on your dream of owning a home.
Here’s something first-time buyers should know: a slower real estate market can create opportunities!
📉 Less competition may mean more time to make decisions.
🤝 Some sellers may be more open to negotiation.
🏡 You may have more choices without the pressure of a fast-moving market. No bidding wars!
Of course, every neighbourhood is different, and higher borrowing costs matter. The key is knowing what you can comfortably afford and having a plan before you start house hunting.
If you’re a Filipino newcomer or first-time homebuyer in Toronto or the GTA, don’t assume homeownership is out of reach. Start by understanding your budget, exploring your mortgage options, and learning what’s possible for your situation.
💬 Curious about your options? Send me a DM. Let’s have a no-pressure conversation about your homeownership goals and the steps you can take to get started.
Your Canadian dream may be closer than you think. 🇵🇭❤️🇨🇦
Alex Macale, REALTOR®
Macale & Associates Team | Century 21 Leading Edge Realty Inc.
📞 416-803-5021
🌐 www.alexmacale.ca
