COMMENT: Is a post-election market surge likely?

For the last four elections in a row, the number of residential properties sold in the three-month period after the election has increased when compared with the same period prior to the election, according to analysis by REINZ.

With sales volumes in September at a 42-month high, the question that real estate agents are starting to ask now that the election is over is: “Is this the start of an even busier summer of sales or will 2020 continue to be an anomaly?”

Traditionally we see the three-month period prior to an election period as being a time of more subdued housing activity when compared to the three-month period after the election.

This is because people tend to take a “wait and see approach” in terms of how housing policy might impact them.