Time to jump into the market?

The Globe and Mail ran this article a few days ago about home ownership becoming more affordable. According to national statistics, house prices in the largest markets – Vancouver, Toronto and Montreal – all decreased in the last quarter. This combined with still historically low interest rates has made buying a home more affordable, on average, across Canada compared to the last quarter of 2011. This is perhaps not the most welcome news to home sellers, but is certainly good news for buyers still looking to take advantage of those low rates and get into the market.