Canada’s 45th Federal Election: What It Means for Real Estate
Canada’s 45th federal general election is officially set for Monday, April 28, 2025.
With the election now called, many Canadians - especially homebuyers and sellers - are wondering how the outcome might impact the real estate market. Here are some key questions people may have and what we know so far.
How Will the Election Impact Home Prices?
At this stage, it is too early to predict how federal policies will influence the housing market. As political parties roll out their platforms in the coming weeks, we may gain a clearer picture of their real estate-related proposals.
Are There Any Real Estate Policies Already Announced?
One significant policy change that has been announced is from the Liberal government: the elimination of GST on new homes under $1 million for first-time buyers [learn more]. This initiative aims to make homeownership more accessible.
Should I Buy or Sell Before the Election?
Market conditions are influenced by multiple factors, including interest rates, supply and demand, and government policies. Historically, elections introduce some uncertainty, but major market shifts are unlikely until concrete policies are implemented post-election. Buyers and sellers should stay informed as party platforms are revealed.
What Should I Watch for in Party Platforms?
While official platforms are still being released, some key areas to monitor include:
- Housing affordability measures (such as tax incentives or down payment assistance)
- Foreign buyer policies
- Rent control and tenant protections
- Infrastructure spending and development plans
Final Thoughts
As the election campaign unfolds, more details on housing policies will emerge. Whether you're a buyer, seller, or investor, staying informed will help you navigate potential market changes. Keep an eye on party announcements and policy updates leading up to April 28, 2025.
What questions do you have about the upcoming election and its impact on real estate? Reach out to us at the form below.