Cost of Waiting Calculator

🏠 The Cost of Waiting: Why "Wait for Lower Rates" Can Cost You $40,000+

Think waiting for interest rates to drop will save you money? Think again. Here's the reality in the GTA market:

Scenario	Buy NOW	Wait 12 Months
Home Price (GTA Avg.)	$900,000	$945,000 – $990,000 (+5–10%)
Interest Rate	5.5%	4.5% (if rates drop 1%)
Monthly Payment*	~$4,540	~$4,630–$4,850
Extra Cost (Price Increase)	$0	+$45,000 – $90,000
Rent Paid While Waiting	$0	~$24,000+ (12 months)
TRUE Cost of Waiting	$0	$40,000 – $114,000+

*Based on 25-year amortization, 20% down payment. Prices and rates are illustrative based on GTA market trends.

💡 Bottom Line: Even if rates drop 1%, rising home prices often MORE than offset those savings. Every month you wait could cost you tens of thousands of dollars.