CPI Decelerates to 2.5%

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. 

From ‘gradual’ to a cut every meeting: Why are interest rate bets changing?

The latest inflation data from July sealed bets from economists that the Bank of Canada is set for its third interest rate cut in a row come September, with growing beliefs that there could be even more relief on the horizon. Statistics Canada said Tuesday that annual inflation slowed to 2.5 per cent last month, the lowest levels seen since March 2021 and another step towards the central bank’s two per cent target.

Multiple perspectives on multiplexes: How ‘missing middle’ housing is reshaping Canadian real estate

The term “missing middle” has become as common in today’s real estate vocabulary as “a hot market” or “location, location, location.” Cliches often have some truth in them — and in the case of the “missing middle,” it’s gaining traction in the Canadian real estate market in part due to the rise of a newer property type: multiplexes.

Canadians Lead US International Home Sales In Slowest Year On Record

An annual report from the American National Association of Realtors (NAR) found that sales of US real estate to foreign buyers between April 2023 to March 2024 saw the lowest numbers recorded since the report's inception in 2009. But helping keep numbers up, RBC reported, was Canada.

2024 Quinte Exhibition (201st Edition)

The 2024 Quinte Exhibition will take place from August 29th through September 1st. Featuring Exhibits, Educational Displays, Demolition Derby, Truck/Tractor Pull, Poultry Show, Antique Car Show, Motorcycle Show. Seniors Tea, Petting Farm, Free Pony Rides, Hot Dogs and a Midway. 

LIVE MUSIC: Happy Ghost Gang @ Meyers Creek Brewing

Jess and Ben, musicians from Belleville, Ontario, together are the Happy Ghost Gang. They have been recording their original music and performing select cover material around the area for a few years. The music they make has been described as rural noir, provocative and moody.