Market Commentary – April 2025


Our Canadian federal election is at the half-way point. Voting day is April 28th.

President Trump’s promised reciprocal tariffs process is underway in the U.S.

Salt Spring Island

It’s generally accepted that everything has changed. Tourism has been the number one “industry” across Canada, for many years. The recent complaints about the U.S. often sound personal as opposed to a recognition that a political decision may not represent the opinion of “the man on the street”. I hope people from the opposite side of our shared border will still visit…and vice versa.

In looking at the real estate markets across Canada, many value suppressions have been noted. At the same time, it’s also noted that rural / recreational markets in unique areas are retaining value…along with low inventory.

Locally, we are seeing some small increase in listings…but many were listed before, came off over winter, and are now relisting for the Spring Market. The available inventory remains exceptionally low. Prices are also remaining stable.

Things may change…it’s important to remain aware…we are in different days. Good time to remember that in change, lies opportunity. Our attitude to change shapes our outcomes.

What might we do? One game-changer is AI…a good idea to learn what it offers and start to use it. Or, what about choosing the artistic voice? Take one photo every day, that will sum up that day’s events. Choose a timeline (May to September?). Let the image speak. This visual diary may showcase what we are finding important. Or…you decide. In times of extraordinary change, where we may feel that we have no input to respond, it’s essential to create our personal answers to the societal shifts.

Good to remember that every closed door will open. Time to see if it’s locked? The key? An action with forward momentum.

Meantime, April is evolving from March into May. Beauty is everywhere. Look and listen. Smile.



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