So, finally, the federal uncertainty is over…Trudeau stepped down in January and prorogued parliament. This left a void at the federal level, at the very time the U.S. tariffs were initially being considered.

A new Liberal party leader (Mark Carney) was chosen on March 9th, and then he assumed the role of Prime Minister. Today, he has advised the Governor General that he is calling a federal election…Election Day to be April 28th.

The Conservatives, the NDP, the Bloc, and the Green Party will be fielding candidates and running in opposition to Liberal Party candidates.

Mark Carney had advised Justin Trudeau since 2020, and this bid to remain in power is being described by opposition parties as a fourth term for Liberal policies.

It’s important to vote on April 28th…everyone’s voice counts. Be involved, check out the candidates in your riding. It is not a time for apathy.

The real estate markets across Canada have been in “pause mode” in the past two months…markets do not like uncertainty. With a decision as to who will be in charge, at the federal level, and whether in a minority or majority position, is essential to unfolding developments for our more local real estate markets.

At this time, inventory here remains low, and prices remain relatively stable. A desire for rural lifestyles and a sense that a real estate purchase in unique areas is a preservation of capital decision (which is about our bottoming dollar value) also continue to drive activity in secondary home areas.

It will perhaps take until mid-May to see a specific market direction locally for 2025.