Benchmark Price is Rising and Falling 📊

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. 

Smaller cities are showing the most resilience in Canada’s luxury real estate market

Canada’s luxury real estate market has been largely stable in 2024, with smaller cities such as Winnipeg showing significant growth. According to the Royal LePage Carriage Trade Luxury Market Report, Winnipeg had a 61.9 per cent year-over-year increase in luxury home sales for the first eight months of the year, making it one of the strongest-performing markets.

Canadian Real Estate Activity ‘Flat as a Pancake’ in August

The revitalization of Canadian housing market activity is still on pause, says the Canadian Real Estate Association (CREA) following the release of its latest national housing data. In fact, home sales, new listings, prices, and market conditions are about as “flat as a pancake,” according to Shaun Cathcart, CREA’s Senior Economist.

Rent increases in smaller markets outweigh declines in big cities in August: report

Efforts to get more Canadians into homes appear to have received a significant boost in recent weeks thanks to falling interest rates and the easing of mortgage qualification restrictions by the federal government. 

Porchfest Belleville

Porchfest Belleville is a local celebration of music, where residents in the East Hill neighbourhood perform on front porches to an audience that moves from house to house. Porchfest attracts dozens of performers and hundreds of spectators to this grassroots community event each year.

Applefest – Brighton

The community of Brighton, in eastern Ontario, is surrounded by rich agricultural land with an abundance of apple orchards and roadside farmers’ stalls. To bear witness to the bountiful apple harvest at the height of the harvesting season, Brighton celebrates its annual Applefest festival over the last full weekend of September.