🏡 What the 2025 Federal Election Means for You as a Homebuyer

Canada’s 2025 federal election is over, and the Liberals have been re-elected under Mark Carney — but with a minority government. That means they’ll need support from other parties (like the NDP or Bloc) to get major policies passed.

So what does that mean for you — as a homebuyer, homeowner, or someone looking to get into the market?

As a mortgage broker with over 13 years of experience, here’s my no-fluff breakdown of how this all impacts housing, affordability, and your next move.

⚠️ First, What a Minority Government Means for the Market

A minority government adds a layer of uncertainty — but also accountability. Policies can still move forward, but they need wider political support.

What this means for you:

• Big promises (like housing, tax reform, and infrastructure) are on the table — but expect slower rollouts, more compromise, and the occasional political delay.

• From a mortgage and economic perspective, this setup could keep interest rates stable in the near term, as the government is unlikely to introduce major surprise shifts without support.

So while the direction is set, the pace of change will depend on collaboration in Ottawa.

🔨 Big Plans to Build — Will They Help?

One of the boldest promises? Build 500,000 new homes per year.
(For context: we’ve never hit that number before.)

The plan includes:

• $25 billion “Build Canada Homes” program to purchase and place prefab housing on public land.

• $6 billion to help cities cut development charges on multi-unit residential buildings.

• $10 billion for affordable housing programs, including support for students, seniors, and underserved groups.

Bottom line:
If successful, this could help ease the housing crunch, increase supply, and stabilize prices. But prefab housing makes up just 1% of today’s supply — scaling that up won’t be fast or easy.

🏗️ Faster Approvals & Stronger Infrastructure

Delays in building approvals have long been a problem. This government wants to change that.

• A new Major Federal Projects Office will limit permitting delays to 2 years max.

• Overlapping assessments will be cut by recognizing provincial and Indigenous-led reviews.

• $11.8 billion in trade infrastructure (roads, ports, bridges) to support growing communities.

Why it matters:
Faster approvals = more shovels in the ground = more homes coming to market sooner.

💵 Tax Relief & Budget Control

Some tax and spending updates that could affect your bottom line:

• Lowest tax bracket drops from 15% to 14% — a little more take-home income.

• No increase to capital gains taxes, a relief for real estate investors.

• Federal spending growth slows from 9% to 2%, with a focus on efficiency and reduced consultant costs.

These steps suggest a more stable economic outlook — which is good for long-term planning, borrowing, and investment confidence.

🏘️ What It All Means for Buyers

With the Liberals in a minority, expect more negotiation, fewer surprises, and moderate pace in rolling out housing programs.

Here’s what you can take away:

✅ More homes are in the pipeline, especially in the new build and prefab space.
✅ Permitting timelines could improve, speeding up housing projects.
✅ Tax changes are small but positive, supporting affordability.
✅ Market conditions may remain stable, at least in the near term.

📞 Let’s Talk Strategy

Whether you’re a first-time buyer, upsizing, or refinancing — now is the time to get clear on your goals and strategy. Even in a shifting political environment, there are real opportunities to position yourself ahead of the curve.

Want to know how this political landscape impacts your mortgage options or timing to buy?

Let’s connect.

Jen Lowe
Mortgage Broker | 13+ Years of Experience
📞 250-217-4925
📧 jen@jenlowe.ca