Canada’s federal election is just a few weeks away, and even though the platforms aren’t finalized, we’re already seeing the effects in the market.

Buyer activity is slower. Some sellers are holding off. And everyone seems to be waiting for “the next thing.”

Why does this happen?

In uncertain times, people tend to pause big decisions. And elections, especially when housing is a key issue, create a temporary sense of “wait and see.”

This year, things are especially unpredictable:

• Interest rates haven’t moved much (yet)

• Housing supply and affordability are top concerns

• Policy promises are likely to impact buyers, renters, and investors alike

What we’re seeing in Niagara

Some of our buyer clients have directly told us they want to wait until the election is over. Others are using this time to get their financing or down payment finalized, but not yet pulling the trigger.

Meanwhile, listing activity is steady, but it’s the motivated sellers who are moving now.

What should you do?

If you're buying:
This could be your chance to purchase in a market with fewer competitors. Rates haven’t dropped yet, but if they do this summer, more buyers will re-enter.

If you're selling:
Positioning your home well now could put you in front of serious buyers who aren’t holding out for election news. And if you want to wait until post-election, now is the time to prepare (paint, declutter, stage, photograph).

If you're just watching:
Expect a flurry of activity in May and June once the political dust settles. And if new policies or incentives are announced, they could shape what buyers and sellers prioritize for the rest of 2025.

Making smart moves starts with smart advice. 

Reach us here: https://fishmangroup.ca/contact

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