By: Geoff Harris, Real Estate Broker
What Buyers and Sellers Should Know
Spring is traditionally one of the hottest seasons in real estate, and 2025 continues this trend—but with a few surprising shifts you should be aware of.
The latest report from the Canadian Real Estate Association (CREA) highlights a cautious approach from both buyers and sellers.
Home sales across Canada dropped nearly 10% in February, accompanied by a decline in new listings. These changes reflect uncertainty around economic conditions, causing many to adopt a wait-and-see strategy.
However, beneath these headlines lies good news for savvy buyers and sellers. Inventory levels have improved compared to last year, home prices have started to stabilize in several markets, and mortgage interest rates are gradually declining. With potential rate cuts forecasted later in 2025, this spring could present valuable opportunities for those ready to act.
Expert Tips for Navigating the 2025 Spring Market:
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Buying your first home or upsizing?
Obtain mortgage pre-approval first. Consider more than just interest rates—evaluate terms, flexibility, and how the mortgage fits your future financial goals. -
Renewing your mortgage?
Speak with a mortgage specialist well ahead of your renewal date. They’ll help you select terms that best align with your evolving plans. -
Selling your home this spring?
Correct pricing is critical. Homes priced competitively and presented well continue to attract serious buyers, even in cautious markets.
Stay Ahead: Federal Election Impact
With a federal election set for April 28, housing policies and economic stability are leading concerns. While outcomes remain uncertain, staying informed and collaborating with experienced professionals will help you confidently navigate decisions during this period.
Ready to make your next move exceptional?
Whether you're buying, selling, or exploring mortgage options, Harris Homes & Co. is here to guide you every step of the way.
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