Are you waiting for the interest rates to come down? Waiting for prices to come down? Many first time buyers often wait too long and end up paying more for a home because they tried to time the market. There have been a few articles recently that came out. One regarding the lack of housing in Metro Vancouver and the other stating the stress test regulation may change (for existing or non-existing mortgages is unsure). These will lead to price increases and/or lower affordability.