Real Estate Market Update: Post-Election Insights for Ontario & Simcoe County

As the dust settles following the recent federal election, the real estate market across Ontario—and right here in Simcoe County—remains in a transitional phase. With policy clarity starting to emerge and interest rate expectations stabilizing, the months ahead are poised to offer both challenges and real opportunities, depending on where you sit in the market.

🏡 For Buyers: A Window of Opportunity

If you’re a first-time buyer, this may be your moment. The rapid escalation in home prices seen during the pandemic years has largely levelled off. In fact, average sale prices across Simcoe County have dropped by 8.4% year-over-year, bringing many homes back into a more affordable range. Coupled with a significant increase in listings—up over 60% compared to this time last year—buyers have more selection and negotiation power than they've had in years.

Move-up buyers are also finding new possibilities. With inventory levels higher and bidding wars less common, there’s more time and flexibility to sell your current home and secure a larger property. The gap between entry-level and mid-market homes has narrowed slightly, giving you a better value proposition on your next move.

Buyers should also keep an eye on incentives, as some builders are offering perks like mortgage rate buydowns or deposit structures that are more flexible in response to the softer market conditions.

🏠 For Sellers: A Shift in Strategy is Essential

Sellers, on the other hand, need to approach this market with a clear and competitive mindset. The days of aspirational pricing and "wait-and-see" strategies are behind us—at least for now. With more homes available and buyers taking their time, it's critical to price your property sharply from day one.

The most successful sales right now are those where sellers are realistic, aggressive with pricing, and proactive about presentation. Homes that are clean, staged, and well-marketed stand out. Those that are overpriced—even slightly—are sitting longer and often require price adjustments to generate traction.

Patience is key, especially in rural and suburban markets where average days on market have crept up. It's no longer about simply listing a home; it’s about telling a compelling story, targeting the right audience, and making your home shine.

🏗️ Looking Ahead: Long-Term Policy Meets Local Reality

The federal government has reaffirmed its commitment to pro-homeownership policies, pledging to double annual housing starts to 500,000 units and fast-track infrastructure funding to support new development. While these measures are aimed at long-term affordability, the immediate impact remains limited as supply takes time to come online.

Locally, Simcoe County continues to see strong population growth and interest from both Toronto-area buyers and remote workers seeking lifestyle-friendly communities with more space. Long-term fundamentals remain solid, especially for well-located properties with good access to transit, schools, and amenities.

🔍 Final Thoughts

This is a market that rewards informed, decisive action. Whether you’re buying your first home, upsizing for more space, or selling to take the next step, working with a knowledgeable local advisor is more important than ever.

At Engel & Völkers One Group, we’re here to help you navigate it all—with insight, integrity, and strategy.