A Rough January for Belleville 📉

Here is your weekly update on what is going on in the real estate market. From localized announcements to international trends, stay in the know about what is going on all things real estate. 

Canadian Consumer Insolvencies Just Saw A 2009-Like Growth Surge

Canada has some of the most highly indebted households in the world, and they may be approaching their breaking point. Office of the Superintendent of Bankruptcy (OSB) data shows December was one of the busiest in years for consumer insolvencies. The year ended with the most filings since 2009, growing at a pace similar to the Global Financial Crisis.

Are Declining Interest Rates Really The Key To A Real Estate Renaissance?

Interest rates are front and centre in conversations about the Canadian housing market – especially now that they’re on the decline. Of course, following a red-hot real estate run during the pandemic days, the country’s interest rates started to climb. While the benchmark rate sat at 0.25% in March 2022, it then began an upward trajectory and didn’t stop until July 2023, when it reached a 22-year high of 5%.

Belleville Downtown DocFest

The 14th Annual Belleville Downtown DocFest returns in 2025 with an exciting lineup of outstanding documentaries, filmmaker Q&As, and a special Saturday evening event. The festival will be fully in-person, featuring screenings throughout the weekend and the Annual Gala Music Feature Film with a live concert at the historic Empire Theatre.

Savour The Chill 2025

Downtown Belleville’s Savour the Chill returns for its 21st annual soup competition on Saturday, Feb. 22, 2025, from 12–3 p.m. Nineteen restaurants will compete for the People’s Choice and Judges’ Choice awards, serving 6oz cups of soup for $3 each. Bring a spoon, cash, and arrive early before the soup runs out! Stay updated online or on social media.