Spring Real Estate Market: What Buyers and Sellers Need to Know Right Now
- Leigh Ann Stapleton
- May 5
- 3 min read
Updated: May 8
The spring real estate season is traditionally one of the busiest times of the year, and 2025 is proving to be no exception. But this year’s market has a few twists, making it especially important to understand what’s happening whether you're buying, selling, or just watching from the sidelines.
Here’s what I'm seeing so far this spring, and what it means for you.
More Homes Are Hitting the Market
After a slower winter, new listings have increased noticeably across many regions. Sellers who held off last year due to higher interest rates are now re-entering the market, encouraged by growing buyer demand and signs that rates may stabilize or even come down later in the year.
This boost in inventory means:
Buyers are seeing more options and less competition in some price ranges.
Sellers need to price and present their homes strategically to stand out.
Interest Rates: Cuts Have Begun, But the Bank of Canada Hit Pause in April
The Bank of Canada made headlines earlier this year when it began cutting its key interest rate for the first time since the series of aggressive hikes in 2022–2023. This was welcome news for buyers and homeowners feeling the pressure of higher borrowing costs.
However, at the most recent announcement in April, the BoC chose to hold the rate steady, signaling a cautious approach as it monitors inflation and economic performance. While more cuts are still anticipated later this year, the timeline will depend on economic data in the coming months.
What this means for you:
Fixed mortgage rates are gradually trending downward, offering some relief for buyers.
Variable-rate mortgage holders may see more noticeable savings in the second half of 2025.
Buyers should consider getting a rate hold or mortgage pre-approval now to take advantage of improving conditions.
What Buyers Should Know
If you’re buying this spring:
Get pre-approved early so you can move quickly when you find the right home.
Don’t expect major price drops—desirable homes are still moving quickly in most regions.
Look for motivated sellers who may be open to negotiating on closing dates or extras.
Explore mortgage options with your broker, especially considering fixed-rate opportunities as rates begin to decrease.
What Sellers Should Know
If you’re selling this spring:
Buyers are more discerning now, they want move-in ready and well-priced homes.
Homes with thoughtful upgrades (kitchens, bathrooms, energy efficiency) are performing better.
Professional photos, staging, and marketing matter more than ever in a slightly more balanced market.
Pricing correctly is key, homes that are priced too high may sit on the market longer.
The Bottom Line
Spring 2025 is shaping up to be a more balanced market, with more listings for buyers to explore, but still solid conditions for sellers who prepare and price strategically.
Whether you're thinking about buying your first home, upgrading, downsizing, or just keeping tabs on the market, staying informed is key. This season is all about timing, preparation, and making smart decisions with the right information at your side.
Thinking of making a move this spring?
Let’s talk about your goals and how to take advantage of this season’s opportunities. Whether you're buying or selling, I’m here to guide you through the process.
Leigh Ann Stapleton
The Property Perfectionist
Home Improvement Expert & REALTOR® at EXIT Realty Strategies
905-317-8767 | info@leighannstapleton.com
Comments