As we head deeper into the year, it’s clear that the real estate market has definitely taken a chill this winter. But, it’s not just the weather that’s causing a slowdown—it’s a combination of factors that are creating a slower vibe all around.
From election uncertainty to rising global tariffs, and the chatter around Canada becoming the 51st state 🇨🇦➡️🇺🇸, the market is feeling the effects of shifting global dynamics. Add in the typical March Break pause, where many buyers and sellers take a step back, and it’s easy to see why things aren’t as hot as they were last year.
Election uncertainty always brings some hesitation—people want stability before making big moves.
Global tariffs are creating ripple effects on prices and availability of goods, which affects everything from construction costs to affordability.
The 51st state chatter? Well, it doesn’t help the feeling that we might not be in full control of our own destiny.
Spring is just around the corner, and with it comes the possibility of a shift. Spring market has historically been a time of renewal, and we’ll likely start seeing more activity as the weather warms and people start focusing on real estate again.
Whether things pick up or not depends on how quickly confidence returns. Are people going to hold off and ride out the uncertainty? Or will the spring market bring a fresh burst of energy to push the market forward?
The next few weeks will tell us a lot. Stay tuned to see how things evolve. 🌸