Bank of Canada HOLDS Interest Rates

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. 

Consumer Price Index, September 2023

In September, the Consumer Price Index (CPI) rose 3.8% on a year-over-year basis, down from a 4.0% gain in August. The year-over-year deceleration was broad-based, stemming from lower prices for some travel-related services, durable goods and groceries.

Government of Canada "Actively Examining" Action On Short-Term Rentals

The jury is still out on whether British Columbia's recently announced actions against illegal short-term rentals will have their desired effects, but it's now received a big endorsement from Minister of Finance and Deputy Prime Minister Chrystia Freeland, who says the federal government is following suit.

OSFI pulls back on some mortgage proposals, all in on others

Based on feedback from lenders since January, the Office of the Superintendent of Financial Institutions said Oct. 16 that it will not pursue putting tighter regulatory limits on debt-service coverage, part of a proposal to cap lenders’ loans with high debt service ratios. Most of the January proposals were directed at uninsured mortgages.

Do you go all out for Halloween? Belleville wants to see it! If you want your super spooky house in the Bay of Quinte added to the 2023 Halloween House Hop map, click the form to register! Don't have a spooky house? Check out the map to plan your tour!

Goolingham is having a party and everyone is invited! Their 3rd annual Halloween bash in the beer garden. Live music, costume contest with prizes for 1st and 2nd place winners, oysters on the half shell, lunch menu, 20 beers pouring on draught and wines by Domaine Darius.