Bank of Canada with Another JUMBO 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. 

Will latest Bank of Canada rate cut boost the housing market? Analysts weigh in

The Bank of Canada announced today that it will lower its key overnight rate by 50 basis points to 3.25 per cent, marking its fifth consecutive interest rate cut and the second “jumbo” cut in a row. The move is expected to provide significant relief to the housing market, easing borrowing costs and stimulating demand in a time of slowing GDP growth and persistent global uncertainties.

Canada's housing crisis worsens despite billions in federal spending

The number of Canadians in need of affordable housing has continued to climb despite significant federal investments, according to a report released Thursday by the Parliamentary Budget Officer (PBO). 

Canada’s Secondary Suite Loan Program expands to $80,000 loans with 2% over 15 years

Starting in early 2025, the Canada Secondary Suite Loan Program will double the loan limit from $40,000 to $80,000, making it easier for homeowners to finance the creation of rental units on their property, such as basement suites or laneway homes.

Night Kitchen Too

Join Belleville’s beloved acoustic variety show, Night Kitchen Too, as it wraps up its 10th season on Saturday, December 21, at the Pinnacle Playhouse. Enjoy an eclectic mix of musicians and poets from the Quinte area, plus a special nod to the Winter Solstice—a timeless source of awe and celebration.

Horse Drawn Wagon Rides

Celebrate the season with festive wagon rides through Downtown Trenton! From Sunday, December 15, to Monday, December 23, enjoy a magical evening experience from 5:30 PM to 8:00 PM each night. Bring family and friends to soak in the holiday spirit—all for free!