CPI and Job Numbers to Round out 2024 📊

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 it be easier or harder for Canadians to buy a home in 2025?

It’s been a rough few years for Canadians looking to break into home ownership as unaffordability issues persist across the country. But as the calendar turns over to 2025, some prospective buyers might find an opportunity through changes in mortgage rules and lower borrowing costs, while some pockets of the Canadian housing market see competition — and prices — heat up.

Canada Hits A Record For Active Businesses, Growth Driven By Real Estate

Canada is tripling down (quadrupling?) on its real estate-based economy. Statistics Canada (Stat Can) data shows the number of active businesses hit a new record in September. That’s the good news, which loses a little luster when examining the details. 

Housing market poised for 2025 comeback as lower rates unleash pent-up demand

As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring. But the lag in 2024 lasted longer than some expected, with the Bank of Canada waiting until June to deliver the first of the year's five interest rate cuts. While buyers stormed back to the market this fall, experts noted the first few rate cuts hadn't been enough to motivate everyone to leave the sidelines quite yet.

‘MAD HATTER’ High Tea at the Gallery

Experience a whimsical Mad Hatter-themed High Tea on January 12 or January 19 at the gallery in Quinte West. This 3-course tea includes savoury sandwiches, freshly baked scones with jams and cream, and a gourmet cherry almond cake for dessert. Reserve now to secure your spot!

Belleville Senators vs. Wilkes Barre Scranton Penguins

Catch the Belleville Senators as they face off against the Wilkes-Barre Scranton Penguins at the CAA Arena. Enjoy the thrill of live hockey and cheer from the stands as the action unfolds. Puck drops at 7:00—grab tickets now for an unforgettable night!