Bank of Canada Poised for a 25BP Cut ✂️

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. 

Canada retreats from the edge of the mortgage renewal cliff, TD Bank says

Toronto-Dominion Bank is crediting diligent Canadians with helping the country back away from the edge of a looming mortgage renewal cliff. Millions of mortgages are up for renewal over the next two years, with economists warning that rising interest rates would squeeze homeowners and ultimately the economy. But a new analysis from TD Bank found that Canadians are handling the transition to higher mortgage rates better than expected.

‘Surprise Jump’ in Home Sales for October, Says Canadian Real Estate Association

Who had a 7.7% increase in home sales on their real estate bingo card for October? The latest data from the Canadian Real Estate Association (CREA) shows Canadian home sales activity spiked last month, reaching a level unseen since April 2022, and surpassing the 10-year monthly moving average.

Should the stress test be scrapped on all mortgage renewal switches?

A decision to axe stress test requirements for uninsured mortgage renewal switches to a new lender came into effect last week – but the change should have been applied to a wider swathe of lenders than just federally regulated institutions, according to a non-bank CEO.

Quinte West Fantasy of Lights

Celebrate the holiday season with dazzling light displays! Trenton Doug Whitney Fantasy of Lights and Frankford Christmas Fantasy are lighting up the nights from November 24 to January 1. Visit Fraser Park in Quinte West for the Trenton display and Frankford Tourist Park for the Frankford showcase. 

A Midsummer Night’s Dream – Belleville

Experience the magic of A Midsummer Night’s Dream, one of Shakespeare’s most beloved comedies, at the Pinnacle Playhouse. Running from November 28 to December 15, enjoy evening performances from 7:30 to 10:00 or Sunday matinees from 2:00 to 4:30. Don’t miss this enchanting blend of romance, mischief, and humour!