5 Spring Home Buying Hacks Every Canadian Needs to Know

Top 5 Spring Home Buying Tips Every Smart Buyer Should Know.

Spring is traditionally the busiest time of year for real estate, and 2025 is no exception. With the market shifting, the federal election approaching, and new policies potentially affecting home affordability, now is the time to get serious about your buying strategy.

Whether you're a first-time homebuyer or looking to upgrade, these top 5 expert tips will help you stay ahead in a competitive spring market—and get the most value for your money.

1. Get Pre-Approved (Not Just Pre-Qualified)

Before you even start browsing listings, make sure you have a mortgage pre-approval letter in hand. This shows sellers you’re serious and financially ready to make an offer.

• A pre-approval locks in your rate for up to 120 days.

• It gives you a clear understanding of your max budget.

• You can act quickly when the right property comes along.

Tip: In a fast-moving spring market, pre-approved buyers get prioritized.

2. Monitor the Federal Election and Housing Policy Announcements

With Canada’s federal election scheduled for April 28, 2025, housing is one of the hottest topics. Both major parties are proposing GST cuts on new homes, which could mean savings of up to $65,000 depending on your situation.

Why this matters:

• Policies may change who qualifies for tax exemptions.

• The timing of your purchase could impact your total cost.

• Election results might affect mortgage rules and supply.

Stay informed and talk to your realtor about how upcoming policies could impact your buying strategy.

3. Know What You Want—And Be Ready to Move Fast

Spring is busy, and competition is high. Buyers who know what they want and are ready to act have the advantage.

Create a must-have list:

• Location, price range, number of bedrooms/bathrooms

• Preferred property type (condo, detached, townhome)

• Features like a backyard, finished basement, or income suite

Work closely with your agent to get alerts and visit homes as soon as they hit the market. Hesitation often means losing out.

4. Understand Market Trends and Act Accordingly

Here’s what’s happening in March 2025:

• Inventory is shrinking, especially for single-family homes in Ontario.

• Mortgage renewals are pushing buyers into the market now.

• Prices have dipped slightly, but that window may close after the election.

⚠️ The longer you wait, the more likely prices and competition could rise—especially if policy changes boost buyer demand.

5. First-Time Home Buyers

If you're buying your first home this spring:

• You may qualify for GST exemptions under proposed election plans.

• Take advantage of government programs like the First-Time Home Buyer Incentive and RRSP Home Buyers' Plan.

• Consider homes with income potential (like a basement suite) to offset mortgage costs.

🚀 Reach out to our team to get a personalized first-time buyer plan.

✅ Ready to Start? Join FarisVIP Today

Don't wait until your dream home is sold. With FarisVIP, you'll get a head start on:

• VIP access to listings before they hit the market

• Custom property alerts based on your preferences

• Expert support to guide you every step of the way

Join FarisVIP for free now and get exclusive access before homes go public!

Final Thoughts

Spring 2025 is filled with opportunity—but also uncertainty. The upcoming election, evolving market conditions, and competitive buying landscape mean one thing:

Preparation is your greatest advantage.

Whether you're a first-time buyer or looking for your next move, follow these tips, connect with a trusted real estate advisor, and sign up for FarisVIP to stay ahead of the market.

Let’s make your homeownership goals happen this spring!