With the federal election set for April 28, 2025, people are already wondering what it might mean for the housing market.

And while elections don’t change things overnight, they can impact how people feel about buying or selling, especially when housing affordability and supply are major issues.

What Usually Happens During Elections

• Buyer hesitation: Some people delay purchases, waiting to see what policy changes might come

• Sellers pause: Uncertainty can make homeowners delay listing until after the dust settles

• Activity drops short term, but often rebounds after results are in

What’s Different This Year?

Housing is front and centre in this election. Some parties are promising:

• Expanded tax credits for first-time buyers

• Increased funding for affordable housing construction

• Faster approvals for new builds

This means the results could influence market confidence and affordability, especially in more price-sensitive areas like Fort Erie, Thorold, or Port Colborne.

What Buyers and Sellers Should Know

• If you’re ready to move, don’t wait solely for the election. If the right home comes up now, there’s room to negotiate without bidding wars.

• If you’re planning to sell this year, be ready to list quickly after the election, when activity may spike in May or June.

• Homeowners should keep an eye on promised tax or zoning changes, they may affect everything from your property value to your ability to renovate or rent part of your home.

As always, if you're unsure how these trends affect your next step, let’s talk. We’ll help you make sense of it.