Bay of Quinte Real Estate Update – June 2025 Stats Breakdown

June Market Performance, Mortgage Renewal Storm, Lower Rent Prices & More!

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. 

Canadians poised to weather mortgage renewal storm, says TD report

Despite widespread media concerns about a looming “mortgage shock,” aggregate mortgage payments across Canada are actually declining, according to a recent report from TD Economics. While many individual homeowners are indeed facing higher monthly payments upon renewal, national figures show a different trend, attributed to lower mortgage rates and the composition of outstanding loans.

Low Immigration, High Supply Pull Rents Down For Ninth Straight Month

Canadian rents continued to slide in June, with the most pronounced declines reported in BC and Alberta and in Canada's largest cities. Driving the decline is a combination of low immigration and over supply leading to higher vacancy rates and longer vacancy terms, under which landlords are beginning to cave.

The Social Spot

The Social Spot is a weekly drop-in group offering a welcoming space for community members to connect and take part in recreational activities. Held every Tuesday from 1:30–3:30 p.m. at 161 Bridge St. W in Belleville, the sessions include crafts, conversation, and light refreshments provided by facilitators.

Festival On The Bay

Downtown Trenton comes alive from July 17–19 with three days of non-stop fun and community celebration. This annual event features entertainment, activities, and attractions for all ages, making it a highlight of the summer season.