Election 2025 Results: 45th Canadian Parliament

Following a whirlwind five-week federal election campaign, Mark Carney and the Liberal Party of Canada have been elected to form government. It is unclear at this moment if it will be a minority or majority.

The ballot question during this election coalesced around two competing narratives: who was best to deal with U.S. President Donald Trump vs. who was best to tackle Canada’s cost of living and affordability crisis. Advocacy from around the real estate industry (including that of OMDREB) successfully highlighted that the housing crisis was central to both, ensuring housing policy stayed as a top concern throughout the entire election. 

The Housing Canada Coalition, of which the Canadian Real Estate Association (CREA) is a part of, drafted a 10-point policy blueprint aimed at ending the housing game by building a housing safety net and fixing the housing crisis.

During the election, CREA helped amplify the Housing Canada Coalition advocacy campaign, which encouraged all parties to take urgent action. Between the Housing Canada Coalition recommendations and other REALTOR^® recommendations we’ve been advocating for over the past several years, we’re encouraged by the number of policy commitments that have been reflected by the major political parties. 

It is expected Prime Minister Carney will open the new Parliament in mid-May, and possibly table a budget before the summer. Importantly, Canada is hosting the 2025 G7 Leaders’ Summit in June, which will factor into timing.

Advocacy partners around the industry are now focusing on strategic engagement. We will be analyzing the results, finding points of alignment in the platform commitments, and finalizing our lobbying strategy.

For any questions, please email communications@omdreb.ca