Bay of Quinte & Prince Edward County Real Estate Blog

Fixed vs. Variable in a ‘Wait-and-See’ Market

Mon, 04 May 2026 06:37:05 GMT

Is It Time To Rethink Your Mortgage?

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.

Bank of Canada Holds Rates Again: The Real Estate Outlook

The Bank of Canada has held rates at 2.25% for the fifth time, but don’t be fooled. We’re currently caught between rising inflation and economic uncertainty, forcing buyers into a "wait-and-see" pattern. Watch the video to see why this is happening and what it means for your real estate plans.

Fixed vs. variable: Homeowners weigh options after Bank of Canada keeps rate unchanged

CMP Magazine

With the Bank of Canada holding rates steady at 2.25%, many homeowners are choosing the security of fixed-rate mortgages to navigate ongoing geopolitical and economic uncertainty. Whether you prioritize peace of mind or are considering the flexibility of a variable rate, it is essential to connect with your advisor early to assess your risk and prepare for your renewal.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

The Sweeping Bazaar

Discover one-of-a-kind treasures! Held on Saturday, May 9, 2026, from 10 am – 4 pm at the Quinte Curling Club (246 Bridge St. W., Belleville), the event features talented local artisans, handmade goods, and specialty foods. Supporting local makers.

Industry Meet Up Monday’s at Meyers Creek Brewing! Work in the food and beverage industry, and your day off is always on a Monday? Because after a week of work, it’s time to kick back, relax, and have some fun.

Mother’s Day Market at The Willows

Celebrate the start of the season with the first flower-picking event! Experience pick-your-own tulips and explore a curated vendor market featuring handcrafted items perfect for Mother’s Day. The event takes place on 9, from 11am to 3pm.

Why Sellers & Buyers Trust Kehoe Real Estate Group

Full-Service Experience | Our team manages every detail, from staging and showings to contracts and closings, so you don’t have to. We use different tools to keep communication smooth and paperwork simple.

One-Year Tax Break & The Downsizing Delay

Sun, 26 Apr 2026 13:00:02 GMT

Navigating 2026’s Real Estate Shift

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.

RE/MAX: "The Downsizing Wave"

The latest report confirms a demographic shift, with nearly 25% of the population reaching downsizing age by 2030. However, the expected "wave" of family homes hitting the market is stalled. Watch this video to see why homeowners are staying put and what this means for the next generation of buyers.

Want to take advantage of Ontario’s new HST rebate? Here’s what you need to know

CBC.ca

Last month the Ontario government announced plans to remove the Harmonized Sales Tax (HST) on new homes for one year, touting it as a measure that would “help families realize the dream of homeownership” and spur more home construction. Details about the rebate are limited, but experts share some ideas about where to look for a deal.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Indigenous Creative Spaces and Treaty Partner Gatherings

Join Dr. Terri-Lynn Brennan and Christine Friday on April 30 (1 PM – 4 PM) at the Belleville Public Library for an inspiring, interactive session on Indigenous creative spaces. In partnership with ArtsBuild Ontario, this high-impact gathering explores the "Paddling Upstream" framework and the future of Indigenous sovereignty in the arts. Space is limited, so register now!

Front Street Farmers’ Market

Experience the best of the season at the Front Street Farmers’ Market! Nestled along the scenic Trent-Severn Waterway in downtown Trenton, the market returns May 2 . Every Saturday from 9 AM to 2 PM, shop a vibrant selection of fresh produce, artisanal crafts, and delicious baked goods. Don't miss this favourite riverside tradition, running through Thanksgiving!

Why Sellers & Buyers Trust Kehoe Real Estate Group

Extreme Markets & Massive New Tax Breaks

Sun, 19 Apr 2026 13:00:07 GMT

What’s Really Driving Rates?

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.

Global Conflict & Your Mortgage

While the Bank of Canada held rates steady at 2.25%, a "war premium" in the Middle East has pushed fixed mortgage rates higher. Rising oil prices have spiked inflation fears, causing bond yields to jump 50 basis points in just one month. For buyers in the Bay of Quinte, this means the window for lower rates may be closing—a half-point move can add $140 to your monthly payment. Watch to learn more.

Canadian housing market sees prices dip in big cities while market booms in others: Royal LePage

CTV News

New data shows a split in the Canadian market: while national prices dropped 2% to an average of $812,900, affordable cities like Quebec City are booming with 10% growth.Meanwhile, Toronto and Vancouver saw prices dip by over 4.5% due to condo oversupply.CEO Philip Soper notes a major shift in behaviour as more homeowners now choose to sell before they buy, while high rents continue to push first-time buyers toward ownership.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Quinte West Spring Scavenger hunt

Discover Quinte West’s heritage with a self-guided historical tour running until May 19 from 8 am to 5 pm. Visit five iconic spots, including the Trenton Munitions Plant and Frankford’s Old Bank Café, to scan on-site QR codes and uncover the local stories behind each location. It’s a perfect way to explore the history of Frankford, Wooler, Sidney, and Trenton.

LIVE MUSIC: Paul O’Brien @ Meyers Creek Brewing

Nelson On April 24, Paul O’Brien takes the stage from 8 PM to 10 PM, bringing over 20 years of experience to a high-energy acoustic set. Expect a versatile mix of classic rock, alternative, Celtic, and country favourites. It’s the perfect way to enjoy local craft beer and stripped-down, authentic covers in a great atmosphere.

Why Sellers & Buyers Trust Kehoe Real Estate Group

A Reputation Built on Relationships | Most of our business comes from repeat clients and referrals, something we’re proud of. We treat every transaction like the start of a long-term relationship. From first-time buyers to seasoned investors, our clients know they can count on us year after year.

March Market Reality

Sun, 12 Apr 2026 13:00:07 GMT

March Stats & The GST Confusion

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.

What’s Really Slowing the Market?

Sales have hit 10-year lows across Belleville, Quinte West, and the County, while inventory has surged to a decade high. Beyond just interest rates, global uncertainty is now stalling buyer urgency and driving prices down. Watch the full breakdown!

Federal housing minister’s office walks back GST cut remarks

CMP Magazine

Housing Minister Gregor Robertson has walked back his claim that Ottawa is negotiating a national GST cut on new homes, calling his own statement "inaccurate."While broad federal tax relief isn't on the table yet, the Ontario-only HST rebate remains active, saving buyers up to $130,000 on new builds until March 2027. Watch our update to see how this correction affects your buying strategy and what Bill C-26 actually means for housing supply

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Quinte West Spring Scavenger hunt

Discover Quinte West this spring through a self-guided historical tour running from April 2 to May 19. Visitors can explore five key locations—including the Munitions Plant site and Old Bank Café—by scanning on-site QR codes to unlock the unique local history of each spot. It’s a perfect outdoor adventure for families!

Spring Market Fest

The Spring Market Fest takes place April 18 at the Belleville Fish & Game Club from 10 AM to 3 PM. This community event features local artisans, vintage finds, and handmade jewelry alongside a free kids' play zone. Attendees can browse unique vendor stalls and participate in a silent auction, with all proceeds supporting the local food bank.

Belleville Neighbourhoods

Looking for the best places to live in Belleville, Ontario? Whether you are a first-time homebuyer or relocating to the Quinte area, choosing the right community is key to your lifestyle. From historic charm to modern new builds, Belleville real estate offers diverse options for every budget. Read More

The New Home Advantage

Sun, 05 Apr 2026 13:00:06 GMT

New Build: Tax Cuts & Rebates

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.

Save $130K on Your New Home.

Ontario’s new HST rebate now offers up to $130,000 in relief for all primary buyers and investors—not just first-timers. This temporary one-year window applies to new builds up to $1.5M, effectively cutting the price of an $800k home down to $730k. Watch this video to see how this 13% savings changes the math on your next move.

Garry Marr: Tax and fee cuts have home developers itching to build. All they need now are buyers

Financial Post

Developers in Ontario say a reduction in taxes and fees that could cut the cost of new homes by up to $200,000 has them ready to build. All that’s missing now are buyers.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Opening Reception for

“Windows & Mirrors

Cousin Join the Parrott Gallery on Thursday, April 9, from 6:00 to 7:30 PM for the "Windows & Mirrors" opening reception. This free event showcases diverse works from local HPEDSB and ALCDSB students, featuring light refreshments for all guests. The exhibition remains on display in Galleries 1 and 2 through May 6.

Jazzlicious at Pho Blue Basil

Catch live jazz every Thursday with Michael Monis on guitar and Glenn Tooth on flute. This local favorite pairs smooth live performances with the unique atmosphere at Pho Blue Basil. It’s a standout evening for anyone looking to enjoy professional talent in the Quinte region.

Belleville Neighbourhoods

Homeownership is Evolving

Sun, 29 Mar 2026 13:00:07 GMT

New Market, New Rules

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.

Stop Guessing. Should You Buy or Sell First?

The honest answer depends on your risk tolerance and the current market data. We break down the exact strategies we use to help our clients avoid the "double mortgage" trap while maintaining maximum negotiating power. Watch the full video to see which path fits your next move.

The Great Canadian Dream Of Homeownership Isn’t Dead, But It Is Evolving

Storeys

Despite years of high prices and rate hikes, the "Great Canadian Dream" is proving resilient. According to RBC’s Spring 2026 Home Ownership Poll, 67% of Canadians still view owning a home as a primary goal, even if the path to getting there now requires more creativity and longer timelines. Watch our latest market breakdown to see how local buyers are successfully pivoting their strategies to get into the market today.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Cousin Gibbard Suede at UpFront Café

Cousin Gibbard Suede brings his original tunes and signature style to the UpFront Cafe every first Thursday from 3–5 PM. This venue offers live music with no cover, plus a selection of snacks and refreshments. It’s a standout mid-week break for anyone looking to support local talent.

Easter Market at The Willows

Celebrate the spring season on April 4th from 11 AM – 3 PM with a full lineup of outdoor activities for the community. The event features a vendor market, tractor rides, face painting, and a farm animal meet-and-greet. Don't miss the egg hunt—an ideal weekend outing for local families looking to get outdoors.

Belleville Neighbourhoods

Ontario Expands HST Rebate on New Homes — What It Means for Buyers

Wed, 25 Mar 2026 17:10:42 GMT

Ontario Expands HST Rebate on New Homes — What It Means for Buyers

The Ontario government has announced a temporary expansion of the HST rebate on new homes, aimed at increasing affordability and stimulating new construction across the province.

Previously, meaningful HST relief was largely limited to first-time buyers through the federal rebate program. Under this proposed change, the rebate would be extended to all buyers for a one-year period.

What’s Changing

Buyers could receive up to $130,000 in total HST relief on new construction homes
Applies to homes valued up to $1.5 million
A reduced rebate would apply between $1.5M–$1.8M
Homes above this range would revert to the existing $24,000 rebate structure

The rebate is made up of:

8% provincial portion (Ontario)
5% federal portion (subject to federal approval)

Key Timelines

To qualify under the proposed program:

Purchase agreement must be signed between April 1, 2026 and March 31, 2027
Construction must begin by December 31, 2028
Completion must occur by:
December 31, 2031 (standard cases), or
December 31, 2029 (if construction already started prior to March 31, 2026)

The home must be used as a primary residence or residential rental property .

What This Looks Like in Practice

Let’s walk through a real example.

Assume a home is listed at $800,000 on MLS , which already includes the standard $24,000 Ontario HST rebate (how most builder pricing is presented).

Using the builder formula:

True pre-HST price ≈ $729,200
Total HST (13%) ≈ $94,800

Under today’s system:

Only about $24,000 is rebated

Under the proposed program:

The full 13% HST would be rebated

�� Total rebate ≈ $94,800
�� Additional savings ≈ $70,000+

This effectively brings the true cost of that $800,000 home down closer to ~$730,000 .

The table below shows the effective rebates based on the MLS pricing of new homes with the current $24,000 HST rebate already included.

Why This Matters

This is less about short-term savings and more about getting projects moving again .

The Ontario government estimates the program could:

Add 8,000 new housing starts
Support up to 21,000 jobs
Contribute $2.7 billion to GDP

The backdrop is clear—new construction, especially condos, has slowed significantly due to higher costs and reduced buyer demand.

Bottom Line

This is a targeted attempt to:

Improve affordability on new builds
Increase housing supply
Re-activate stalled construction

If passed federally and implemented as outlined, it creates a window where new construction becomes meaningfully more competitive with resale.

Reach out to us with any questions on how this may impact you!

Your Dream Home Just Got Cheaper

Sun, 22 Mar 2026 13:00:02 GMT

Home Savings for Ontario Buyers

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.

Is the 5% GST Finally Gone? New 2026 Housing Rules

As of March 2026, first-time buyers in Ontario can save up on new homes under $1M. This Rebate effectively eliminates the 5% GST and the 8% provincial HST, making new builds more affordable. Watch to see how these savings are credited directly at closing!

Canada’s $50K new home rebate could meaningfully lower costs of homes, experts say

BNN Bloomberg

A new federal rebate for first-time home buyers could meaningfully lower the cost of homes, though experts say it is not enough on its own to solve Canada’s housing affordability crisis.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

RISE: Give to Gain

Celebrating International Women’s Day 2026, RISE showcases diverse works from painting to sculpture centered on the theme "Give to Gain." Open weekdays March 6th–27th (10am–4pm), this exhibition highlights how women’s stories and generosity shape culture, featuring Angela Wiggins’ "I Am Here."

Greater Napanee Spring Market

Discover a curated selection of handmade crafts and homegrown treats at the Best & Bash Arena on Saturday, March 28. Open from 10:00 am to 3:00 pm in the Banquet Hall (16 McPherson Dr), this local market is the perfect way to support area vendors and find one-of-a-kind items.

Belleville Neighbourhoods

Key Terms & Real Estate Drama

Sun, 15 Mar 2026 13:00:06 GMT

Terms to Know & Real Estate Reform

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.

What Every Seller Should Know In 2026

Real estate terminology is more than just industry talk—it’s the leverage you need to protect your equity and secure the best possible outcome. We’re breaking down the essential terms every seller must understand to navigate pricing, commissions, and conditions with total confidence.

RECO announces mandatory financial filings for brokerages in oversight overhaul

Real Estate Magazine

Ontario’s real estate regulator is introducing mandatory financial filings for brokerages to prevent trust account abuse. These reforms address weaknesses exposed by recent enforcement cases, creating a more transparent and secure environment for everyone in the real estate market.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Buck(ish) Shuck at The Local Social House

Tuesdays in Downtown Belleville offer the perfect midweek escape at The Local Social House. Starting at 3 PM, fresh oysters are shucked to order at cost, just $1.75 each, and served ice-cold overlooking the Moira River. Make sure to arrive early this March 17th, as these supplies are limited!

Ready, Jet, Go! March Break at the National Air Force Museum of Canada

Your March Break mission awaits at the National Air Force Museum of Canada, open daily 10 AM – 5 PM. Enjoy "Be an Aviator" activities like scavenger hunts and crafts, plus test your skills on the flight simulator (March 16 & 20 only, ages 10+). It’s the ultimate indoor adventure for all ages.

CLIENT TESTIMONIALS | Riv

“Joe and his team have done it again — another successful quick sale! To date, Joe has helped me purchase one home and sell two others over the past few years. What I appreciate most is the honesty that Joe brings to the table. As a client, it’s refreshing to work with someone who gives straightforward advice and follows through on what he says.”

When we first connected with Riv, his property had already been on the market for nearly six months with another real estate group. After reviewing the strategy and repositioning the marketing, we relaunched the property and secured a full-price sale within two weeks. Since that first transaction, we’ve helped Riv through 2 purchases and sales. Relationships like this are built over time — with straightforward advice, clear strategy, and trust on both sides.

First-Time Buyer GST Rebate on New Construction Homes in Ontario

Sat, 14 Mar 2026 15:23:57 GMT

First-Time Buyer GST Rebate on New Construction Homes in Ontario

If you’re a first-time buyer looking at new construction in Ontario , there’s a significant tax rebate that could reduce the effective cost of your home by tens of thousands of dollars .

To understand how it works, you need to know there are actually three different rebates involved in new construction purchases.

1. Ontario HST Rebate (Provincial)

Ontario provides a rebate of up to $24,000 on the provincial portion of HST.

In most new construction contracts, this rebate is assigned directly to the builder , meaning the advertised purchase price already assumes this rebate is applied.

2. Old Federal GST Rebate

There has long been a federal rebate worth up to $6,300 , equal to 36% of the GST portion .

However, it phases out once a home exceeds $450,000 , which means it rarely applies today because most new homes exceed that price.

3. New First-Time Buyer GST Rebate

The new federal program for first-time buyers significantly expands the rebate.

Under this program:

Homes up to $1,000,000 receive a 100% rebate of the 5% GST , up to $50,000
Homes between $1,000,000 and $1,500,000 receive a partial rebate
Homes above $1,500,000 receive no rebate

How This Interacts With the Ontario $24,000 Rebate

Most builder contracts already assume the $24,000 Ontario rebate is applied.

So on a $1,000,000 new home , the potential total tax relief could look like this:

Federal GST rebate $50,000
Ontario rebate $24,000
Total tax relief $74,000

However, the Ontario rebate typically still goes to the builder , as it does today.

What This Means for Buyers

For new homes under $1M :

The 5% GST is effectively eliminated
HST effectively drops from 13% to about 8%

For homes between $1M and $1.5M , the GST rebate gradually phases out.

Example: $500,000 New Construction Home (Ontario)

Assume a builder lists a home for $500,000 HST included.

In almost all builder agreements, that price already assumes the $24,000 Ontario HST rebate is assigned to the builder, which is standard practice.

To determine the true tax breakdown, we first need to add the $24,000 rebate back to the price, because the builder receives that rebate.

Step 1: Add the Ontario rebate back to the price

Effective price including full HST: $500,000 + $24,000 = $524,000

Now we remove the HST to determine the base price.

Base price before HST: $524,000 ÷ 1.13 ≈ $463,717

Step 2: Break down the tax components

Base home price $463,717
GST (5%) $23,186
Ontario portion (8%) $37,097
Total with HST $524,000

The builder then receives the $24,000 Ontario rebate, which brings the effective contract price back to $500,000.

Step 3: Apply the First-Time Buyer GST Rebate

Under the new federal program, first-time buyers receive a full rebate of the 5% GST on homes under $1M.

For this home, the GST portion is approximately:

$23,186

In most new construction purchases:

The buyer assigns the GST rebate to the builder
The builder claims the rebate from CRA
The buyer does not pay that GST amount at closing

Step 4: Effective purchase price

Contract price $500,000
GST rebate applied $23,186
Effective purchase price ≈ $476,814

This is typically the amount the buyer effectively pays and finances with their mortgage.

Important Contract Clause

Most builder agreements include wording similar to:

“The purchaser agrees to assign the GST/HST rebate to the builder.”

If the buyer does not qualify for the rebate, they must repay that amount on closing.

For a $500,000 home, that could mean an unexpected ~$23,000 increase in closing costs.

Bottom Line

For a $500,000 new construction home in Ontario purchased by a qualified first-time buyer:

Contract price: $500,000
GST rebate applied: ≈ $23,186
Effective purchase price financed ≈ $476,814

The buyer usually does not apply for the rebate themselves or front the money — it is handled through the builder at closing.

For more information on the First-Time Buyer GST Rebate on New Construction Homes in Ontario CONTACT US

Market Extremes & Hidden Value

Sun, 08 Mar 2026 13:00:05 GMT

The February Data Breakdown

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.

Is This the Buying Opportunity of the Decade?

February’s market stats just hit a 10-year extreme, and the leverage in the Bay of Quinte has officially shifted. From price corrections to record-high inventory, the market is creating rare openings. We’re breaking down the data to show you exactly where the value is hiding. If you’ve been waiting for an entry point, this is the context you need.

OREA survey finds growing concern over housing costs and government fees

Real Estate Magazine

According to a new OREA survey by Abacus Data, 62% of Ontarians believe government fees and property taxes—not just market demand—are driving the housing affordability crisis. The study, which polled 2,000 residents, confirms that policy and taxation are now viewed as primary barriers to homeownership.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Thru the Lens March Gallery Show

The Belleville Art Association Gallery Show and Sale runs March 3–28, featuring a curated collection of original art, jewelry, and artisan works. Mark March 12 from 10:00 am to 4:00 pm on your calendar to secure one-of-a-kind pieces and local gifts. This is the window to find something unique for home, family or friends.

Quinte West FamilyFest

Celebrate at the Belleville Public Library with a free screening of the award-winning documentary, Harvesting Dreams. This inspiring film follows Melanie Harrington’s journey with sustainable farming at Dahlia May Flower Farm, followed by a conversation with filmmaker Brittany Ollerenshaw. No registration is required, happening on March 7 from 2:30 pm to 4:00 pm.

Why Move to Prince Edward County?

Known for its vineyards, beaches, and artistic charm, Prince Edward County offers a lifestyle unlike anywhere else in Ontario. From the lively boutiques of Picton to the tranquil waterfront home of Wellington and Bloomfield, the County attracts those looking for space, character, and community. With Sandbanks Provincial Park drawing visitors from across Canada, PEC has grown into a year-round destination for both full-time residents and seasonal homeowners. With its award-winning restaurants, strong arts scene, and reputable schools, PEC offers both charm and opportunity.

Trust Kehoe Real Estate Group to help you navigate the County’s evolving market with insight, integrity, and proven results.

The New Market Reality

Sun, 01 Mar 2026 14:00:24 GMT

Insights & The Math of Upsizing

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.

A "Down Market" is an Upsizer’s Dream

Think waiting for prices to go back up is the smart move? It might actually be costing you. Watch as we break down "The Delta"—the hidden math that proves a down market is actually the best financial window to upsize into a larger home. See how a dip in your current home's value could actually save you $100,000 or more on your next purchase.

The Canadian Real Estate February Market Breakdown

Real Estate Magazine

Join Canadian mortgage leader Tracy Valko for the latest Monthly Market Breakdown, presented in partnership with Real Estate Magazine. In this deep-dive session, Tracy unpacks the key economic signals shaping Canada’s housing market and rate outlook. Plus, Valko shares practical strategies to use in today’s market conditions to create opportunities.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Halcyon Days: Ultra Vivid at John M. Parrott Art Gallery

Experience the surreal and the hyper-vivid at the John M. Parrott Art Gallery. Local artist Briana Godden (Lady Brazen Studios) presents a debut solo exhibition featuring her signature blend of nostalgic black-and-white imagery punctuated by electric, dreamlike colour. Happening in Belleville, with a viewing on March 5 from 10 am to 4 pm.

International Women’s Day with Brittany Ollerenshaw

Why Kehoe Real Estate Group Is Belleville’s Most Trusted REALTOR®?

At Kehoe Real Estate Group , we know Belleville inside and out. Led by Joe Kehoe, a lifelong local realtor with deep ties to the community, our team helps buyers and sellers navigate the market with confidence. We combine strategic marketing, professional media, and honest guidance to help every home stand out. Families are drawn to Belleville’s top-rated schools, growing restaurant scene, and easy access to the waterfront trail and Zwick’s Park , while investors appreciate the city’s steady growth and affordability compared to the GTA.

Is it Demand or the Weather?

Sun, 22 Feb 2026 14:00:04 GMT

Average Sells, Luxury Waits

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.

Why Your "Dream Home" Isn't Selling (Yet)

Ever wonder why only "average" houses are selling while premium homes are not? It’s not the house, it’s the Q1 Freeze. Watch as we break down the 4 hidden reasons why the luxury market is frozen and what it means for your 2026 move.

CREA: Winter Storms Suppress January Home Sales

Storeys

“The monthly decline in national home sales was driven primarily by less activity in the Greater Golden Horseshoe and Southwestern Ontario, suggesting that the story was probably more about a historic winter storm than a downshift in demand,” said Shaun Cathcart, CREA’s Senior Economist.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

DJ @ Meyers Creek Brewing – The Music Machine

Experience a curated blend of sound on February 26 from 5:00 pm – 9:00 pm. Drawing from Toronto’s iconic "Spirit of Radio" era, DJ Christopher brings an eclectic set to the County that bridges timeless classics and fresh indie discoveries. From the soulful grooves of Stevie Wonder to the atmospheric layers of Massive Attack and New Order, it is an evening dedicated to the perfect pairing: great songs and great beer.

Belleville Seedy Saturday

Join a dedicated gathering focused on biodiversity and food security on February 28 from 10:00 am – 3:00 pm . Sponsored by the City of Belleville, the Belleville Garden Club, and Quinte Conservation, this event features local experts and vendors including Gleaners, Master Gardeners, TerraEdibles, and more. It is a premier opportunity to share seeds, gain gardening knowledge, and support sustainable food production within the Quinte region.

Why Kehoe Real Estate Group Is Belleville’s Most Trusted REALTOR®?

The 2026 Rate Lock: Bank Forecasts

Sun, 15 Feb 2026 14:00:08 GMT

Rate Calm vs. Regional Splits

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.

Mortgage Stability: 2026 vs. 2027

Big banks agree: Mortgage rates are holding at 2.25% through 2026, but 2027 is where the experts clash. While some predict long-term stability, others see a sharp climb. See how these forecasts impact your mortgage and why the "buying frenzy" hasn't happened yet!

Here's where sales and prices are expected to rise and fall this year in Canada

Real Estate Magazine

Canada’s 2026 housing outlook reveals a fragile market with modest national gains masking sharp regional splits. While the CMHC projects a slight rise in sales and prices, high costs and weak pre-sales are causing builders to pull back, especially in the condo sector. Notably, Ontario stands out as the only region expecting price declines due to high inventory and muted demand. Meanwhile, British Columbia and the Prairies are projected to maintain growth, albeit at a much slower pace than in previous years.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Third Thursday Jazz Jam @ UpFront Cafe

The Belleville Jazz Society presents Third Thursday Jam Night on February 19 from 7:30 pm – 10:00 pm, hosted by Dan Douglas and top local talent. Doors open at 6:30 pm, offering snacks, refreshments, and a "pay what you can" admission. Whether bringing an instrument to join the session or simply coming to listen, it’s the perfect evening for jazz enthusiasts.

LIVE MUSIC: Ian McKendry @ Meyers Creek Brewing

Local Belleville artist and musician takes the stage on February 20 from 8 pm – 10 pm for a unique night of electric and acoustic sets. Joined by poet Darren Moore and special guests, this multifaceted performer brings his signature style from projects like the Juno-nominated Grievous Angels to life. Don't miss this blend of local music and art for a one-of-a-kind Friday night experience.

Why Kehoe Real Estate Group Is Belleville’s Most Trusted REALTOR®?

Belleville Neighbourhoods

Wed, 11 Feb 2026 20:24:46 GMT

Belleville Neighbourhoods

Looking for the best places to live in Belleville, Ontario? Whether you are a first-time homebuyer or relocating to the Quinte area, choosing the right community is key to your lifestyle. From historic charm to modern new builds, Belleville real estate offers diverse options for every budget.

East Hill

One of Belleville’s most established and sought-after neighbourhoods, East Hill is known for its tree-lined streets, character homes, and proximity to downtown. Many of the homes here date back to the early 1900s and feature timeless architectural details with modern updates. Residents enjoy walkable access to shops, schools, and waterfront trails — making it ideal for those who value charm, community , and convenience.

Stanley Park

Located in the east end, Stanley Park is a newer subdivision known for its family-friendly environment, well-kept homes, and easy access to schools and amenities. Homes here typically feature modern finishes, open-concept layouts, and manageable lot sizes — a perfect choice for anyone looking for newer construction in a quiet, established community.

West Park Village

Situated in Belleville’s west end, West Park Village offers a blend of affordability, accessibility, and community feel. The neighbourhood features a mix of bungalows and two-storey homes, appealing to both young families and downsizers. Its location provides quick access to shopping, restaurants, and the 401, making it a popular choice for those seeking comfort and convenience.

Settlers Ridge

Is one of Belleville’s premier newer developments , featuring newer homes with quality craftsmanship and attention to detail. With wide lots, sidewalks, and well-maintained streets, it’s a desirable option for buyers looking for a balance between modern living and suburban tranquility. The area continues to expand, with a variety of home styles to suit different lifestyles.

Potter’s Creek

Located on the west side of Belleville toward Quinte West, Potter’s Creek is one of the city’s fastest-growing areas. It offers a mix of newer developments with easy access to Highway 401, CFB Trenton, and Loyalist College . The neighbourhood features attractive, modern homes — including bungalows and two-storey designs — appealing to professionals, families, and retirees alike. Its location combines the best of suburban living with excellent commuter access.

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January Stats Every Homeowner Needs

Fri, 06 Feb 2026 20:51:36 GMT

Quinte Market: Freeze or Spring Surge?

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.

Is the Market Frozen? The Stats Are In

From a massive buyer's market in Belleville to a staggering 20 months of supply in the County, the numbers tell a wild story. Is this a total market freeze or a massive opportunity waiting for the spring market?

Preparing Your Home For Sale: The Complete Guide

Storeys

Preparing a home for sale involves real costs: time, money, and disruption to your daily life. Understanding these realities should be taken into account at the early stages of considering a move, not after you've already committed.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Games Night at UpFront Café

Get ready on February 11 for a night of games and prizes! Whether bringing a favourite or choosing from the cafe library, players can enjoy snacks and a licensed bar from 6:30 PM to 9:00 PM. Doors open at 6:00 PM, and the $5 cover applies to the first drink.

All You Need is Love – Belleville Art Association Gallery Show

Celebrate love and local talent at the Belleville Art Association’s February Gallery Show, running all month long from February 3 to 28. Stop by on February 12 between 10 AM and 4 PM to discover the perfect piece of heart-filled art.

Prince Edward County

At Kehoe Real Estate Group, we understand the balance between lifestyle and investment that makes Prince Edward County real estate unique . Led by Joe Kehoe, a lifelong Bay of Quinte local with deep roots in the region, our team provides tailored marketing strategies and honest guidance to help clients succeed in this competitive market. Whether it’s a luxury waterfront property, a farmhouse on acreage, or a modern retreat near Wellington’s wineries, we position every listing to reach the right buyers — through professional media, strategic exposure, and RE/MAX ’s global network.

How To Navigate The 2026 Market

Sun, 01 Feb 2026 14:00:03 GMT

Stability, Strategy, and Essentials

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.

Terms Every Buyer Should Know In 2026

If you’re planning to buy a home in 2026, understanding the language of the market matters just as much as understanding the price. Real estate comes with its own unique terminology, and knowing what these terms actually mean can help you avoid surprises and make confident decisions.

7 reasons for locking in your mortgage, and 5 reasons not to

Financial Post

If economists are right that rates don’t have much room to fall (barring a shock), should more borrowers give locking-in a longer, harder look? The vibe from yesterday’s Bank of Canada announcement was that rates could stay parked in neutral for a while.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Folk Dance Night @ The Kafana

Celebrate Greek Dances on February 7 from 7:00 pm to 10:00 pm with traditional folk rhythms, Mediterranean cuisine, and craft spirits. This family-friendly event offers a vibrant cultural experience for all skill levels. Admission is free via a "pass the hat" tradition.

Orange Sunday at UpFront Café

The Rhymes With Orange Music Club is an inclusive monthly rehearsal space for workshopping new lyrics and melodies. Join Pineapple Productions on February 8 from 1:00 pm to 4:00 pm to explore fresh musical ideas in a supportive, creative environment.

Prince Edward County

The Real Cost of Quinte Real Estate

Sun, 25 Jan 2026 13:45:00 GMT

Inflation vs. Real Home Value

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.

Understanding Quinte’s Price History: Market Data Review

Ever wonder if your property is a growing goldmine? We’ve stripped away the guesswork to reveal the real trends reshaping home values across the Quinte Region. Secure your copy of our latest report to see exactly where prices have been—and, more importantly, what those shifts mean for your future equity.

Canadian Real Estate Prices Back To 2017 Levels After Inflation: BMO

Better Dwelling

Canadian real estate prices haven’t fallen much, but the value of the loonie has. BMO Capital Markets warns inflation-adjusted home prices have rolled back almost a decade. In a research note to investors, the bank explains that fundamentals are returning. Weak sales may be less about affordability and more about generational hesitance.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

DJ @ Meyers Creek Brewing – The Music Machine

DJ Christopher brings The Music Machine to the taproom on January 29 from 5–10 PM. Blending vintage icons like Stevie Wonder with fresh indie discoveries, his curated sets pair perfectly with a cold pour. Join the crowd for an evening of great tracks and even better beer.

Karaoke at UpFront Café

Nelson Denis hosts an evening of karaoke at UpFront Cafe on January 30 from 8–11 PM. Whether a seasoned pro or a first-timer, everyone is invited to take the stage for a supportive audience and a high-energy night. Doors open at 6:30 PM.

Why Sellers & Buyers Trust Kehoe Real Estate Group

Terms Every Seller Should Know

Wed, 21 Jan 2026 20:38:26 GMT

We’ve broken down the key real estate terms every seller should know, from making an offer to closing the deal.

Essential Real Estate Terms for Every 2026 Home Seller: A Quick Guide

Selling your home comes with a lot of jargon. To help you maximize your net proceeds and negotiate with confidence, we’ve broken down the essential real estate terminology from our latest video.

Pricing Your Home Right

Before you hit the market, you need to understand how value is determined:

Listing Price: Your starting marketing strategy.
Market Value: What buyers are actually willing to pay based on current demand.
Comparable Sales (Comps): Recently sold nearby homes used to justify your price.
Price Adjustment: A strategic change to your price based on market feedback.

Offers & Negotiations

When the offers roll in, look for these key terms:

Irrevocable: The time limit you have to accept or counter an offer.
Counteroffer: A response that changes terms; note that this voids the previous offer.
Escape Clause: This allows you to keep marketing your home while under a conditional offer, giving you leverage if a better buyer comes along.

The Legal & Financial Essentials

Understanding these terms ensures there are no surprises on closing day:

Firm Sale: When all Conditions (like financing or inspection) are removed, and the deal is legally binding.
Listing Commission: The total fee paid to the brokerages. This is usually split between your agent and the buyer’s agent.
Adjustments: The final cleanup of property taxes and utilities between you and the buyer.
Closing Costs: Your total expenses, including legal fees, commissions, and mortgage discharge fees.

Reading the Market

Seller’s Market: High demand, low inventory (advantage: you).
Buyer’s Market: High inventory, low demand (advantage: buyers).
Absorption Rate: A metric showing how fast homes are selling—crucial for timing your sale.

Understanding the 2026 Market

Whether it is a Seller’s, Buyer’s, or Balanced Market, keep an eye on th e Absorption Rate. This is t he speed at which homes sell compared to inventory, it's the clearest indicator of whether prices will rise or soften.

Ready to start your search in Belleville, Quinte, or PEC?

Whether you’re selling your home, exploring investment opportunities, or relocating, contact us today! The Kehoe Real Estate Group is here to guide you every step of the way. Check all our listings .

�� Contact us or Book an appointment today to get started.

Canada’s Housing: The New Reality

Sun, 18 Jan 2026 14:00:01 GMT

Population Stalls and Price Momentum Slows

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.

Inventory vs. Demand: The Next Phase of the Market

Is this the first real turning point in the market in years? Let’s look at inventory, current listings, and what may shape the spring market ahead.

Canada's housing market in 'new ground' after population starts to fall

CMP Magazine

Canada’s projected 2026 housing recovery faces a rare demographic shift as population growth stalls, upending traditional demand and price expectations. CPA Canada economist David-Alexandre Brassard warns that the market is moving away from immigration-fueled growth toward a period of stalled momentum. Policymakers and lenders must now adapt to this new reality of softer demographics and cooling construction demand.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Open Mic Night @ The Cardinal

Experience the local talent at The Cardinal’s weekly Open Mic Night every Thursday from 7:00 pm – 10:00 pm. This inclusive event welcomes all skill levels to the stage, offering a warm and creative atmosphere for performers and spectators alike. It’s a community-driven evening perfect for discovering new voices while enjoying the vibrant energy of the taproom.

Night Out for United Way @ Meyers Creek Brewing – Paint & Pour

Artists Victor and Jodie Cooper will lead a community mural project at the taproom on January 25 from 1:00 pm – 4:00 pm. Guests are invited to grab a pint and watch the skyline come to life or register online to join the painting process. Once complete, this collaborative masterpiece will travel the city as a celebration of local creativity and community spirit.

Why Sellers & Buyers Trust Kehoe Real Estate Group

Backed by the Power of RE/MAX | As part of RE/MAX, we’re supported by one of the most recognized names in real estate. Meaning, maximum exposure for your listing and access to a vast network of buyers, sellers, and agents across Ontario and beyond.

Market Supply Check: Terminations, Sales & Inventory Levels

Sun, 11 Jan 2026 14:00:01 GMT

The 2026 Market Reset: Balancing Rate Stability With New Inventory Trends

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.

Inventory vs. Demand: The Next Phase of the Market

Is this the first real turning point in the market in years? Let’s look at inventory, current listings, and what may shape the spring market ahead.

Canadians Face Pivotal Mortgage Choices As Rate Cycle Flattens

CMP Magazine

Early 2026 has shaped up as a reset point as fixed mortgage rates finally hold steady. While rapid rate swings have eased, renewal and refinancing decisions have become more complex. Borrowers are shifting focus toward a normalized environment with rates hovering near 2.25%. Navigating this new landscape requires a strategic approach rather than waiting for further cuts.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Photography Presentation “Between Ideal and Reality” by Stephanie Trattner at the Parrott Gallery

The John M. Parrott Art Gallery presents a new photography series, Captured Perspectives. Local photographer Stephanie Trattner will give a special presentation titled Between Ideal and Reality on Thursday, January 15, 2026. The event takes place at 6:00 p.m. in the third-floor meeting room and includes light refreshments.

Opening Reception for “Drawings and Paintings” by Hew Elcock at the Parrott Gallery

Experience the stunning evolution of Hew Elcock’s "Drawings and Paintings" on Saturday, Jan 17, 2:30–3:30 p.m. Witness the captivating transition from sketch to masterpiece in this must-see international collection. Visit Gallery 1 for refreshments; the exhibition runs through Feb 21.

Why Sellers & Buyers Trust Kehoe Real Estate Group

Terms Every Buyer Should Know

Fri, 09 Jan 2026 17:00:56 GMT

We’ve broken down the key real estate terms every buyer should know, from making an offer to closing the deal.

Beyond the Basics: Essential Real Estate Terms for Every 2026 Home Buyer

Offer and Contract Terms

Before you sign on the dotted line, you need to understand the mechanics of the legal agreement. These terms define your commitment and your protection: Conditions, Firm Sale, Irrevocable, Deposit & Closing Date.

Price and Negotiation Strategy

Negotiating a successful deal involves more than just the purchase price. Purchase Price, Counteroffer, Multiple Offers & Escape Clause.

Financing and Closing Costs

Understanding the financial side is the foundation of a stress-free purchase. Pre-Approval, Mortgage Commitment, Down Payment & Closing Costs.

Property Due Diligence

Don’t overlook the physical details of what you are buying. Home Inspection, Title Search, Chattels & Fixtures.

Understanding the 2026 Market

Whether it is a Buyer’s , Seller’s , or Balanced Market , keep an eye on the Absorption Rate . This is the speed at which homes sell compared to inventory, it's the clearest indicator of whether prices will rise or soften.

Ready to start your search in Belleville, Quinte, or PEC?

�� Contact us or Book an appointment today to get started.

Royal LePage’s 2026 Price Forecast

Sun, 04 Jan 2026 14:00:37 GMT

A Reset Year Shaped by Confidence, Rates, and Trade Uncertainty

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.

Why 2026 Could Be the Year Canadian Real Estate Finds Its Balance

Why is Royal LePage calling 2026 a reset year for Canadian real estate? Instead of dramatic highs or lows, the conversation is shifting toward stabilization, rebuilding confidence, and quieter momentum. This piece explores how national forecasts shape expectations—while leaving room for local markets to chart their own path.

Tariffs, immigration shifts, condo softness shape Canada’s housing outlook for 2026: Royal LePage CEO

CTV News

Philip Soper , CEO of Royal LePage , joined BNN Bloomberg to discuss the Canadian housing market outlook for the year ahead and to reflect on the key trends that shaped the market over the past year.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Grain and Grace Exhibit by Artist Crystal Barley at These 4 Walls

Join the community for a free exhibit by wood artist Crystal Barley, opening Sunday, January 4 from 1–4 PM. Featuring reclaimed and new wood paired with natural elements, the work is modern, organic, and quietly reflective. All are welcome to attend the opening reception and meet the artist.

New Beginnings January Show and Sale at Belleville Art Association

New Beginnings opens at the Belleville Art Association with an opening reception on Saturday, January 10 from 2–4 PM. This group exhibition runs January 6 through January 31, showcasing fresh perspectives and creative starts for the new year. The gallery is open Tuesday to Saturday, 10 AM to 4 PM, and all are welcome to attend.

Why Sellers & Buyers Trust Kehoe Real Estate Group

Exceptional Media & Presentation | Your home deserves to look its best. Our in-house team handles staging, photography, videography, drone footage, and 3D tours, ensuring every listing tells a story. Quality presentation leads to higher engagement and stronger offers.

Final 2025 Update: Interest Rates, Bond Yields & Year-End Real Estate Trends

Sun, 28 Dec 2025 14:00:12 GMT

Rates on Hold, Confidence Rising: What 2026 Could Mean for Canadian Real Estate

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.

Bank of Canada Holds Rates: What It Means Heading Into 2026

The Bank of Canada held the key rate at 2.25%, closing out a year of rate cuts amid ongoing uncertainty. Take a look at what that means for mortgage rates, affordability, and buyer opportunities as we head into 2026.

Real Estate Experts Predict The Biggest Housing Market Trends Coming In 2026

Consulting.ca

Ninety-seven percent of commercial real estate (CRE) professionals are confident in increased or stable market activity in 2026, according to Avison Young’s biannual Canadian Outlook report. The CRE services firm surveyed nearly 200 of its professionals across the country.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Open Mic at UpFront Cafe

Bring talent to the stage or settle in and enjoy an afternoon of great local music, laughs, and relaxed community vibes — musicians and comedians are both welcome. Hosted by Jasmin Karen Sweet, this licensed event offers an easygoing way to support local talent and enjoy the community. December 28 from 1:00–4:00 pm.

NYE Black Tie Bash @ The Cardinal

Ring in 2026 in style at the New Year’s Eve Black Tie Bash, where formal wear and a lively atmosphere set the tone for the night. Hosted at The Cardinal, this 19+ event features no cover and an elegant way to welcome the new year. December 31 from 8:00 pm to January 1 at 2:00 am.

Why Sellers & Buyers Trust Kehoe Real Estate Group

Honest Advice, what sets Kehoe Real Estate Group apart from other realtors in the Quinte Region is that we believe in being transparent, not transactional. Our clients trust us to give straightforward feedback, backed by current market data and experience.

Quinte & PEC Markets Ease Into December With Lower Benchmark Prices

Sun, 21 Dec 2025 13:30:02 GMT

Year-End Market Snapshot: Buyers Re-Engage as Inventory Tightens

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.

Benchmark Prices at Year-End: What Belleville, Quinte West & PEC Are Telling Us

As we head into December, we’re breaking down how benchmark prices are shifting in Belleville, Quinte West, and Prince Edward County. What’s softening, what’s holding, and what this could mean heading into 2026.

Home Sales Edge Up Slightly, But Sellers Are Hunkering Down

National Association Of Realtors

Existing-home sales edged higher in November as mortgage rates dipped, extending a modest rebound in activity. At the same time, inventory growth is slowing as fewer homeowners choose to list during the winter months, keeping new supply in check even as overall inventory remains higher than this time last year.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Oeno Gallery Presents: Fired Up!

Oeno Gallery’s Fired Up! exhibition highlights contemporary ceramic and glass artists pushing creative boundaries. Explore bold works in clay and glass on display December 21 from 10:00 am to 5:00 pm.

Benni’s Piano Bar

Make Wednesday night plans at Benni’s Piano Bar with Benni Vandergaast live at The Cardinal, featuring classic tunes, crowd favourites, and a relaxed live music atmosphere on December 24 from 7:00 to 10:00 pm.

Why Sellers & Buyers Trust Kehoe Real Estate Group

Best REALTOR® in Belleville

Mon, 15 Dec 2025 21:47:26 GMT

Why Kehoe Real Estate Group Is Belleville’s Most Trusted REALTOR®?

Located on the shores of the Bay of Quinte , Belleville blends small-town charm with big-city amenities, making it one of the most desirable places to live in Eastern Ontario.

From historic neighbourhoods like Old East Hill with its tree-lined streets and century homes, to new developments on the city’s north end offering modern design and convenience, Belleville has something for everyone. The city’s strong local economy, access to Loyalist College , and proximity to CFB Trenton make it a hub for families, professionals, and investors alike.

At Kehoe Real Estate Group , we know Belleville inside and out. Led by Joe Kehoe , a lifelong local realtor with deep ties to the community, our team helps buyers and sellers navigate the market with confidence. We combine strategic marketing, professional media, and honest guidance to help every home stand out. Families are drawn to Belleville’s top-rated schools, growing restaurant scene, and easy access to the waterfront trail and Zwick’s Park , while investors appreciate the city’s steady growth and affordability compared to the GTA.

If you’re looking to buy or sell in Belleville , trust Kehoe Real Estate Group at RE/MAX.

Ready to Work with a Team You Can Trust?

Whether you’re selling your home, exploring investment opportunities, or relocating, Kehoe Real Estate Group is here to guide you every step of the way. Check all our listings .

�� Contact us or Book an appointment today to get started.

Inventory Climbs Across the Region | Belleville, Quinte West & PEC Update

Sun, 14 Dec 2025 13:00:02 GMT

Market Snapshot: Trends, Affordability & Challenges

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.

Year-End Market Shift: The Trends Defining Our Local Market

This week’s market breakdown looks at how Belleville, Quinte West, and Prince Edward County performed in November — and the story is very different across all three. From shifting sales numbers to rising inventory and changing days on market, we unpack what these trends actually mean for today’s buyers and sellers.

Soper: Today’s housing math works. Buyers need to believe it.

Real Estate Magazine

Affordability is quietly improving in this country. Home prices have flattened in many parts of Canada, and in our most expensive markets, they have even pulled back.

How to Buy a House with Bad Credit

Remax

Buying a house with a bad credit score is a big challenge for many Canadians. A less-than-perfect credit history often creates obstacles when seeking mortgage approval, leaving potential homebuyers questioning whether property ownership is possible for them.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Quinte West Holiday Home Tour

From December 13–25, between 5:00 pm and 9:00 pm, homes across the community light up each night, creating a festive way to celebrate the holidays with family and friends. Plan your route and explore the tour at quintewest.ca/HolidayTour.

Horse Drawn Wagon Rides

Enjoy horse-drawn wagon rides in Downtown Trenton from December 15–23, 5:30 pm – 8:30 pm Festivities run nightly, weather permitting. Pick-up and drop-off at the Trent Port Historical Society, 55 King Street. Check the Trenton Downtown BIA Facebook page for updates before heading out.

Why Sellers & Buyers Trust The Kehoe Group

Full-Service Experience , our team manages every detail, from staging and showings to contracts and closings, so you don’t have to. We use different tools to keep communication smooth and paperwork simple.

Bill 60 Passed: What Ontario Landlords Need to Know

Fri, 05 Dec 2025 19:01:19 GMT

Housing in Transition: Market Signals and Bill 60

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.

Market in Minutes: Key Updates for Ontario Landlords

Bill 60 just passed, and it’s reshaping how landlord–tenant matters move through the system in Ontario. This video breaks down the key updates, why timelines are tightening, and what these changes mean for landlords navigating the current market.

Canadian Real Estate Spillover: Rents Explode Higher In Cheap Cities

Better Dwelling

Rents in Canada’s priciest cities are slipping, but not because affordability is improving — those markets have simply hit a ceiling. As pressure spills into lower-cost regions, cheaper cities are now seeing the fastest rent growth. It’s a classic late-cycle pattern driven more by displaced demand than strong local fundamentals.

Buyers jump into Canada’s housing markets as 2025 draws to an end

RBC

Some Canadian markets showed early signs of improvement in November, with resales rising in several major cities. Southern Ontario continues to soften, and oversupplied regions are still seeing price declines. A gradual recovery is expected in 2026 as economic conditions strengthen.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Give A Little Bit — Holiday Show

Celebrate the season with unique, small-format artworks crafted for meaningful gifting, paired with a festive mix of creativity, community spirit, and the return of Melt’s Holiday Raffle - running Friday–Sunday from 12–5pm throughout the holiday season.

Holly Jolly Holiday Market 2025

The Holiday Market returns in 2025, filled with handcrafted gifts, gourmet treats, locally made art, jewellery, décor, and more. A vibrant celebration of small businesses from Prince Edward County and the Bay of Quinte, taking place December 7 from 9:00 am to 4:00 pm.

Why Sellers & Buyers Trust The Kehoe Group

Proven Marketing That Gets Results , f rom professional photography, 3D tours and video to targeted digital advertising, we create marketing that attracts real buyers. Our listings are featured across Realtor.ca, social media, and local and national RE/MAX platforms.

Are 50-Year Mortgages Coming? Here’s What Canadians Should Know

Sun, 30 Nov 2025 13:45:00 GMT

Canada’s Market Reset: Lower Prices, New Buyer Momentum, and the Long-Mortgage Debate

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.

The Truth Behind the 50-Year Mortgage Proposal

Lower payments, higher long-term costs, and plenty of debate — this longer mortgage is suddenly in the spotlight. Here’s what the proposal means, why it’s gaining attention, and how it stacks up against Canada’s lending rules.

Canadians still prioritize homeownership in uncertain times: Kottick

Real Estate Magazine

Despite economic uncertainty, many Canadians still have homeownership on their 2026 wishlist. Re/Max Canada’s Housing Market Outlook shows that 10 per cent plan to buy in the next year, with first-time buyers making up half of that group. The report also forecasts a 3.4 per cent rise in home sales as confidence gradually returns to the market.

Move-up buyers in limbo as housing market remains stalled

CMP Magazine

Home prices have softened, creating challenges for sellers who need to move before they buy again. But for first-time buyers, the shift offers a small but meaningful improvement in affordability. While they’re not rushing into the market just yet, easing prices in Canada’s higher-cost regions are opening the door a little wider.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Trenton Santa Claus Parade

Celebrate the season at the Trenton Santa Claus Parade as it brings Christmas cheer through Quinte West. The parade begins at Centennial Park at 4:30 pm before heading downtown for the 5 pm festivities. This year’s event starts on November 30th from 4:30 pm to 8 pm.

West Fantasy of Lights

Brighten your evenings with two festive displays across Quinte West. The Trenton Doug Whitney Fantasy of Lights starts November 30th from 5 pm to 11 pm at Fraser Park, offering a colourful seasonal tradition. Frankford Christmas Fantasy is already glowing at Frankford Tourist Park, another vibrant stop!

Why Sellers & Buyers Trust The Kehoe Group

Local Expertise: Born and raised in Belleville, our team lead, Joe Kehoe brings lifelong connections and first-hand insight into the Bay of Quinte region. Joe focuses on helping local buyers and sellers make confident, informed decisions. His background in real-estate, investing, marketing, and sales gives clients a distinct advantage in a market that’s constantly evolving.

From The Bay of Quinte to Prince Edward County, Joe’s deep community roots and commitment to integrity have made him one of the most trusted Realtors in the region — and the driving force behind The Kehoe Group’s success.

Best REALTOR® in Prince Edward County

Wed, 26 Nov 2025 14:51:49 GMT

Prince Edward County REALTOR®

Known for its vineyards, beaches, and artistic charm , Prince Edward County offers a lifestyle unlike anywhere else in Ontario. From the lively boutiques of Picton to the tranquil waterfront homes of Wellington and Bloomfield , the County attracts those looking for space, character, and community. With Sandbanks Provincial Park drawing visitors from across Canada, PEC has grown into a year-round destination for both full-time residents and seasonal homeowners.

At Kehoe Real Estate Group , we understand the balance between lifestyle and investment that makes Prince Edward County real estate unique. Led by Joe Kehoe , a lifelong Bay of Quinte local with deep roots in the region, our team provides tailored marketing strategies and honest guidance to help clients succeed in this competitive market. Whether it’s a luxury waterfront property, a farmhouse on acreage, or a modern retreat near Wellington’s wineries, we position every listing to reach the right buyers — through professional media, strategic exposure, and RE/MAX ’s global network .

With its award-winning restaurants, strong arts scene, and reputable schools, Prince Edward County offers both charm and opportunity. Trust Kehoe Real Estate Group to help you navigate the County’s evolving market with insight, integrity, and proven results.

Ready to Work with a Team You Can Trust?

Whether you’re selling your home, exploring investment opportunities, or relocating, Kehoe Real Estate Group is here to guide you every step of the way. Check all our listings .

�� Contact us or Book an appointment today to get started.

Canada’s Budget Just Passed — Here’s What It Means for Real Estate

Sun, 23 Nov 2025 14:00:13 GMT

Real Estate Strain, Borrowing Momentum & Federal Shifts to Watch

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.

Market in Minutes: Will the 2025 Budget Change the Market?

With big spending, changing immigration targets, and major infrastructure plans now in motion, Canada’s housing market is set for real shifts in rates, supply, and affordability. Here’s what you need to watch as the market responds.

Canadians Tap HELOC Debt At The Fastest Rate Since 2012

Better Dwelling

Consumer borrowing is climbing quickly in Canada, and HELOC activity is no exception. The Bank of Canada reports the biggest September jump in HELOC borrowing since 2009, pushing annual growth to its highest level in nearly 13 years.

Does Canada's $450bn budget move the needle for commercial real estate?

Canadian Mortgage Professional

Canada’s 2025 federal budget marked a major change for commercial real estate, directing $450 billion toward new projects over five years, according to a new report from commercial advisory firm Avison Young.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Belleville Festival of Lights

Featuring 100+ preserves and a range of handmade crafts, from upcycled denim purses to candles and silkscreen t-shirts. Open weekends November 8–30. Don’t miss the November 23 evening market, 5:00–11:00 pm.

Belleville Festival of Lights

Experience Midweek Mussels at The Local Social House, offering a warm and easygoing evening by the Moira River. Available every Wednesday from 12:00 pm to 10:00 pm at 211 Coleman Street in Belleville.

Buying Real Estate With The Kehoe Group

Why Buy with Us? Finding the right home isn’t just about bedrooms and bathrooms, it’s about matching your lifestyle, goals, and future plans. At The Kehoe Group, we guide you through every step of the buying journey with the insight, care, and expertise you deserve.

The 3 Keys to Market Health | October Housing Stats

Sun, 16 Nov 2025 14:00:03 GMT

Market Uncertainty or Market Reset? The Truth About Canada’s Housing

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.

October Market Breakdown: What It’s Telling Us Now

Curious where the market is heading?
This video breaks down October’s key numbers across Belleville, Quinte West, and PEC. Straightforward insights to help you read the trends with confidence.

Real estate trends for 2026: Why Canada’s future may be brighter than it looks

Real Estate Magazine

Real estate headlines may sound bleak, but new data suggests the market is shifting, not collapsing. PwC Canada and the Urban Land Institute’s 2026 Emerging Trends report highlights a sector in transition. With insights from 200 industry professionals, the study points to growth in purpose-built rentals, student and senior housing, and emerging secondary markets.

Canadian Housing Market Forecast for 2025 and 2026

Norada Real Estate Investments

Predicting Canada’s housing market can feel impossible, but CREA’s latest outlook offers a clear direction for what’s ahead. Expect a mixed 2025 with softer sales and slight price adjustments, followed by a stronger rebound in 2026 as confidence returns. Behind the headlines, the data points to a market pausing, not pulling back, with regional strength shaping the path forward.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

CBelleville Nighttime Santa Claus Parade

The Belleville Santa Claus Parade returns November 16 from 4:30–7:00 pm. Enjoy free pre-parade festivities at Glanmore National Historic Site from 4–5:30 pm, plus seasonal activities. Reindeer Village, hot chocolate, and donation drop-offs help make this a festive community celebration.

Open Mic Night @ Meyers Creek Brewing

Join local musician Ray Flood for an acoustic open-mic night on November 20, 6:00–9:00 pm, welcoming music, poetry, spoken word, and comedy. This venue suits solo or duo acts, sign up at (613) 827-5797 or drop in to take the stage.

Selling Real Estate With The Kehoe Group

Why Sell with Us? Our business is built on delivering results through smart strategy, professional marketing, and expert negotiation. We provide the insight and service needed to sell your property, always with honesty, integrity, and exceptional care.

Canada’s 2025 Budget Explained: The Key Takeaways in 5 Minutes

Sun, 09 Nov 2025 13:00:17 GMT

What’s Happening This Week: Markets & Canada’s Big Moves

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.

Canada’s 2025 Budget: A Bold New Economic Blueprint

Canada’s 2025 federal budget is being called “a new economic foundation”, with $141B in new spending, major shifts to energy, housing, and immigration, and cuts to public-sector jobs. See how these changes could reshape Canada’s economy and housing market in the years ahead.

Canada’s 2025 budget: Economists urge patience as mortgage, housing sectors await impact

CMP Magazine

Canada’s first federal budget under Prime Minister Mark Carney focuses on long-term investment, but economists warn its impact will take time to show. Growth is projected at just 1.1% in 2025 and 1.2% in 2026, with unemployment near 7%. Deficits remain high, reaching $78.3 billion this year.

Ontario's goal of 1.5 million more homes in 10 years now a 'soft' target: finance minister

CBC Toronto

Ontario has lowered its housing construction projections again, moving further from its 10-year goal of 1.5 million homes — now called a “soft” target. It’s the third downward revision in a row, with ministers shifting focus toward accelerating approvals and breaking ground faster.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Christmas Market – Presented by Marshland Creations & Grand Trunk Market

Discover the flavours and creativity of the season at this vibrant fall market, open November 9 from 9:00 am – 2:00 pm ! Explore over 100 homemade preserves, from jams and jellies to salsa and pickles, alongside a variety of handmade crafts, including upcycled denim purses, candles, and silkscreen T-shirts. The market runs weekends from November 8 – 30, offering something new to enjoy each visit!

Vendor Pop Up @ Meyers Creek Brewing – Hogg Food Co

Spice up your Saturday with Hogg Foods! Join local maker James Hogg on November 9 from 1:00 pm – 4:00 pm at Meyers Creek Brewing for a tasting of his small-batch hot sauces. Made with locally grown peppers from Prince Edward County, each bottle blends perfect heat and flavour — and there might even be a brand-new sauce debut!

Why Belleville Homeowners Trust The Kehoe Group

Belleville, Ontario blends small-town charm with big-city convenience, making it one of Eastern Ontario’s most desirable places to live. From historic Old East Hill homes to modern north-end builds, it attracts families, professionals, and investors alike. The Kehoe Group at RE/MAX Quinte provides expert marketing, local insight, and trusted real estate guidance in Belleville’s growing market.

7 Core Reasons Sellers & Buyers Trust Kehoe Real Estate Group

Fri, 07 Nov 2025 17:48:30 GMT

Why Clients Across Belleville, PEC & Quinte Trust Us

When it comes to buying or selling real estate in Belleville, Quinte West, or Prince Edward County , trust is everything.

At Kehoe Real Estate Group, we’ve built our reputation on results , relationships, and a commitment to doing things the right way. Whether you’re preparing to list your home or searching for the perfect property , here are the seven core reasons clients continue to choose us .

Local Expertise

Born and raised in Belleville, our team lead, Joe Kehoe brings lifelong connections and first-hand insight into the Bay of Quinte region. Joe focuses on helping local buyers and sellers make confident, informed decisions. His background in real-estate, investing, marketing, and sales gives clients a distinct advantage in a market that’s constantly evolving.

Proven Marketing That Gets Results

From professional photography, 3D tours and video to targeted digital advertising, we create marketing that attracts real buyers. Our listings are featured across Realtor.ca, social media, and local and national RE/MAX platforms.

Full-Service Experience

Our team manages every detail, from staging and showings to contracts and closings, so you don’t have to. We use different tools to keep communication smooth and paperwork simple.

Honest Advice

What sets Kehoe Real Estate Group apart from other realtors in the Quinte Region is that we believe in being transparent, not transactional. Our clients trust us to give straightforward feedback, backed by current market data and experience.

Exceptional Media & Presentation

Your home deserves to look its best. Our in-house team handles staging, photography, videography, drone footage, and 3D tours, ensuring every listing tells a story. Quality presentation leads to higher engagement and stronger offers.

Backed by the Power of RE/MAX

As part of RE/MAX, we’re supported by one of the most recognized names in real estate. Meaning, maximum exposure for your listing and access to a vast network of buyers, sellers, and agents across Ontario and beyond.

A Reputation Built on Relationships

Most of our business comes from repeat clients and referrals , s omething we’re proud of. We treat every transaction like the start of a long-term relationship. From first-time buyers to seasoned investors, our clients know they can count on us year after year.

Ready to Work with a Team You Can Trust?

Whether you’re selling your home, exploring investment opportunities, or relocating , Kehoe Real Estate Group is here to guide you every step of the way. Check all our listings .

�� Contact us or Book an appointment today to get started.

Canada’s Economy Is Reshaping — and the Bank of Canada Knows It

Sun, 02 Nov 2025 13:30:00 GMT

Rate Cuts and a Turning Point: Is Canada’s Housing Market Ready to Rebound?

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.

The Bank of Canada’s Latest Move Might Change Everything for Buyers

The Bank of Canada just made its fourth rate cut of the year, but what’s really driving it? In this week’s update, we break down the latest move from the Bank, what it says about inflation, jobs, and trade tensions, and what it could mean for Canada’s housing market heading into November.

With interest rates in a good place, what can we expect for real estate?

Financial Post

After years of FOMO-driven bidding wars, Canada’s housing market has shifted to FOGI, fear of getting in, as buyers face high prices and cautious sentiment. But with the Bank of Canada’s latest rate cuts bringing borrowing costs to their lowest point in years, momentum may finally be turning. Affordability remains a challenge, yet the path forward looks a little more hopeful.

Banks cut prime rates following Bank of Canada's lead

Financial Post

Royal Bank of Canada, TD Canada Trust,Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Desjardins Group, Laurentian Bank of Canada, Bank of Nova Scotia and Equitable Bank followed the lead of the Bank of Canada Wednesday and cut their prime rates by 25 basis points.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Belleville Arts Festival – Collaborative Exhibition

Step into 19th-century Ontario and explore the world of the Moodie family in this collaborative exhibition, featuring rare archives, artwork, and historical objects that bring the past to life. The event takes place on November 4 from 10:00 a.m. to 5:00 p.m., offering visitors an immersive journey through Ontario’s cultural history.

Holiday Open House with Exclusive Invites and DecorChic Living

Celebrate the season at the Sommerville Centre’s Holiday Open House, where visitors can explore festive décor, unique gifts, and local finds while enjoying the region’s Christmas tours and markets. The event runs Friday, November 7 from 10:00 a.m. to 5:00 p.m. and Saturday, November 8 from 10:00 a.m. to 4:00 p.m.

What Makes The Kehoe Group Your Best Choice to Sell Your Home?

Our business is built on delivering results through smart strategy, professional marketing, and expert negotiation. We provide the insight and service needed to sell your property, always with honesty, integrity, and exceptional care.

Thanksgiving Hangover: The Market’s Still in a Food Coma

Sun, 26 Oct 2025 13:00:01 GMT

The Calm Before the Shift in Canada’s Housing Market

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.

Has the Market Hit Snooze After the Long Weekend?

The market’s in a post-Thanksgiving slowdown, sales are dipping, listings are climbing, and even rate cuts aren’t shaking things loose. So what’s really going on in Belleville, Quinte West, and Prince Edward County?

TD economist Rishi Sondhi on what’s next for the Canadian housing market

The Globe and Mail

The Canadian housing market has significant regional disparities, with pockets of strength and weakness. However, with macroeconomic conditions expected to improve over the next year, these differences may narrow.

Should You Buy Now or Wait? September 2025’s Housing Numbers Give Buyers a Clue

Livabl

Canada’s housing market cooled slightly in September, but don’t be fooled by this slowdown, because the national housing market is still on the upswing, according to the Canadian Real Estate Association (CREA).

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Chair Yoga at Christ Church Glen Miller

It’s back! Christ Church Glen Miller is once again hosting weekly Chair Yoga sessions every Tuesday at 10 a.m. A relaxed and welcoming way to stay active, no experience required. Just wear comfortable clothing and pay what you can. For more information, contact Wendy at 613-965-6527.

Nightmare on Store Street – Haunted House at QWYC

It’s that time of year again! The Quinte West Youth Centre is transforming the entire building into a Haunted House, filled with spooky surprises and local Halloween fun. Stop by on October 29 and 30 from 5–9 p.m. at 2 Wooler Road in Trenton, if you dare!

Full Luxury Home Tour | 76 Navigation Drive, Prince Edward

This executive stone and stucco home in Watermark on the Bay offers scenic water views, energy-efficient ICF construction, and refined finishes throughout. Featuring a quartz kitchen with granite island, wide-plank floors, and a 5-piece ensuite, it combines luxury and comfort in a premier Prince Edward County location.

Benchmark vs Median vs Average: Which Price Tells the Real Market Story?

Sun, 19 Oct 2025 13:00:02 GMT

Buyers Take the Lead as Market Momentum Shifts

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.

Why “Average Price” Doesn’t Tell the Whole Story

We’re breaking down how average, median, and benchmark prices compare across Belleville, Quinte West, and Prince Edward County for September. Each tells a different story — and together, they reveal how our local markets are really performing.

Buyers grab the reins: Royal LePage downgrades year-end price forecast

Real Estate Magazine

Canada’s housing market started 2025 on a slow note, with sales activity gradually improving. However, prices are expected to “tread water” in the near term, according to Royal LePage CEO Phil Soper. The latest report shows the aggregate home price rose just 0.1% year-over-year to $816,500 in the third quarter.

 Posthaste: Canada's home sales are finally rising — but prices are not

Financial Post

Home sales are beginning to climb across Canada as buyers re-enter the market, but prices remain flat. According to Royal LePage, the national aggregate home price rose just 0.1% year-over-year to $816,500 in the third quarter. Compared to the second quarter, prices actually dipped 1.2%.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Halloween Boo Tour

From October 18–31, explore the most spook-tacularly decorated homes in Quinte West! Enjoy a self-guided drive through eerie yards, haunted houses, and enchanting displays perfect for the whole family.

Boston Pizza Fundraiser

A special fundraising evening in support of the Children’s Safety Village will be held on Sunday, October 20th, from 5:00 PM to 8:00 PM at Boston Pizza Belleville.

Home Sales Struggle While Listings Climb | September Market Recap

Sun, 12 Oct 2025 13:00:00 GMT

Mortgage Rates & Market Reality: What September’s Data Reveals

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.

What’s Really Happening in September’s Market?

September’s market numbers are in, and the story remains consistent: slower sales, rising inventory, and longer days on market. But one area broke the trend in a big way.

The best mortgage rates in Canada right now

Financial Post

Canada’s mortgage market is always evolving. Bookmark this page to see the top national insured and uninsured mortgage rates, updated daily with data from MortgageLogic.news. Postmedia and Imaginative.Online Inc., the parent of MortgageLogic.news, may receive compensation from certain mortgage providers when you click their links in the charts.

Some Canadian markets showing signs of life – but others are struggling

CMP Magazine

Canada’s major housing markets showed signs of recalibration in September, as rising inventories and shifting buyer sentiment created new opportunities and challenges for mortgage professionals and their clients.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Confluence: A Solo Exhibition by Alice Teichert at Oeno Gallery

For over forty years, Teichert’s luminous paintings—often described as “visual poetry”—have captivated audiences worldwide. Bold palettes, layered textures, and translucent colours create striking depth and resonance in each work. October 12, 2025, from 4–6 PM, with artist remarks at 5 PM.

Belleville Theatre Guild: Six Dance Lessons in Six Weeks

Six Dance Lessons in Six Weeks is a heartfelt comedy about retired widow Lily Harrison and her outspoken dance instructor, Michael Minetti. What begins as a clash of personalities gradually transforms into a moving friendship. Through six weeks of lessons, secrets, fears, and joys are revealed, all while dancing.

Is Real Estate Still a Good Investment? Comparing Homes, Gold & the S&P 500

Sun, 05 Oct 2025 13:00:01 GMT

Affordability Up, Challenges Ahead: What Buyers Need to Know

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.

Housing Trends Unpacked: What the Numbers Really Show

September’s housing update takes a closer look at recent short-term shifts and long-term growth patterns. We also touch on how interest rate changes could shape the market moving forward.

Canada’s newest mortgage alternative: easy money, costly fine print

Financial Post

We’ve seen it with home equity lines of credit (HELOCs), all-in-one (a.k.a. interest offset) mortgages and reverse mortgages, to name a few, all of which were available elsewhere long before they hit our shores.

Budget watchdog reports sharp improvement in home affordability — but not everywhere

CTV NEWS

As Parliamentarians spar over how to make housing more affordable, Ottawa’s fiscal watchdog is reporting significant progress in closing that affordability gap nationally — but the picture looks very different across the country.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Fall Show at Gallery 121

Fall Show runs October 7 – November 15, 2025, featuring new members alongside acclaimed potter Kayo O’Young and realist painter Barb McGuey. Join the artists for a reception on Saturday, October 18th from 2–4 p.m.

Topper’s Pizza Day for United Way

Support United Way HPE at Topper’s Pizza Belleville on Thursday, October 9th! Enjoy a Medium Pepperoni or Cheese Pizza with Dip for $9.95, with 100% of profits donated to help 1 in 4 people in our community. One Medium Pizza. One BIG Difference.

Canadian Housing Under Pressure Despite Rising Sales

Sun, 28 Sep 2025 13:00:00 GMT

Falling Rates, Rising Listings & 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.

Market in Minutes: Mixed Signals in Canada’s Housing Market?

The housing market is showing mixed signals, with sales improving but overall demand still subdued. At the same time, new listings are rising, keeping pressure on prices across the country. Lower borrowing costs are bringing cautious optimism as buyers begin to return.

Posthaste: Canada's housing market is primed for buyers, but many are holding off

Financial Post

Canada’s housing market is tilting in buyers’ favour due to falling interest rates, rising inventory levels and declining home prices, but many are still choosing to delay their purchases, according to a new report by Royal LePage.

First-time buyers know what they want — but not when to buy

Real Estate Magazine

Many Canadians in the market for their first home have a clear picture of what they want, and falling interest rates, rising inventory and softening prices are making it more achievable.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Homestead Antique Market

Discover timeless treasures at the First Annual Homestead Antique Market in Trenton, featuring vendors from across Ontario and Quebec. Explore vintage finds, rustic charm, antiques, and automotive collectibles! Join the community for a weekend event that’s set to become a new fall tradition.

Downtown Trenton Ladies Night Out

Ladies’ Night Out 2025 brings a Mrs. Roper Romp to downtown Trenton with fun activities, fabulous deals, and plenty of excitement. Full event details will be shared soon on the Trenton DBIA website. Don’t miss this lively evening celebration.

Rate Cuts Begin Again — Will It Boost the Housing Market?

Sun, 21 Sep 2025 13:00:00 GMT

Buyer Relief, Rising Sales & 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.

First Rate Cut in Months: Will It Boost the Market?

The Bank of Canada has announced its first interest rate cut in months. This move could impact mortgage rates and overall affordability. But the bigger question is how buyers and sellers will respond in the housing market.

Affordability edges up for Canadian homebuyers as rates and prices ease

CMP Magazine

Canadian homebuyers saw a rare break in July as affordability improved in 12 of 13 major markets, according to Ratehub.ca.
Falling home prices and lower mortgage rates drove the shift, creating a short-lived opening for buyers. After years of surging costs and tightening credit, this brief relief offers a welcome change.

Canada's home sales rise nearly 2% for best August in four years: CREA

Financial Post

Canadian home sales hit their strongest August in four years, with transactions up 1.1% from July. The month marked five straight months of gains in what’s usually a slower period for real estate. CREA reported 40,257 properties sold nationwide, a 1.9% increase year-over-year.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Books and Brews @ Meyers Creek Brewing

4 Authors, 1 Great Event! An afternoon of Drunk Fiction comes to the taproom on Sunday, Sept. 21 — a lively reading series celebrating Canadian literature. Enjoy readings, community, and the chance to connect with authors and their books .

Porchfest Belleville

Rotary Club of Belleville presents the 15th annual Porchfest Belleville on Saturday, September 27, 2025. This free, family-oriented event begins with an opening ceremony at 12:45 pm at Glanmore National Historic Site, followed by live music from 1–4 pm at venues throughout the community.

August Real Estate Recap: What’s Happening in Our Market?

Sun, 14 Sep 2025 13:00:01 GMT

Market Trends, Buyer Insights & 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.

August Market Recap: Mixed Trends Across the Region

The August market showed mixed results across the region, with notable differences from one area to the next. From price drops to pockets of growth, the numbers tell a deeper story about where the market is heading.

Housing market is so good for buyers right now, you can sell first and buy later

Financial Post

House prices have dropped significantly, and the market is flooded with enough listings that maybe you can do the once unthinkable: sell your house with less concern about where you’ll live next.

Canadians are refusing to accept reality and write down their real estate — and sales are suffering as a result

Financial Post

A Toronto real estate conference highlighted Canada’s reluctance to acknowledge declining property values, a factor stifling sales activity. Bryan Reid of MSCI noted the hesitation to accept lower vacancies and traffic, despite their impact on asset values. Executives suggested this cultural disconnect is slowing the market’s adjustment to current conditions.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Farms Open 2025: Quinte and Hastings

Farms Open takes place Sunday, September 14, celebrating local agriculture in Belleville, Quinte West, and Hastings with self-guided tours, farm experiences, and the interactive Passport Game!

Free Square Dance Lessons

Try two free nights of square dance lessons on September 10 & 17, 2025, no experience needed. Enjoy fun, laughter, light exercise, and great music while learning at a relaxed pace.

Adjusted for Inflation, Homes Are 10% Cheaper Than 2021

Sun, 07 Sep 2025 13:00:01 GMT

Affordability, Market Timing & 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.

Quinte Real Estate: Are We Turning Back the Clock?

The Quinte market is showing opportunities we haven’t seen since 2021—and that’s just the beginning of the story.

Now is a good time to buy a home, say majority of Canadians

CMP Magazine

Canadian homebuyers are expressing renewed confidence in the housing market this fall, with 54% of Canadians believing now is “a good time to strike a deal” on a home, according to RE/MAX Canada’s 2025 Fall Housing Market Update released Wednesday.

TD Bank is adding hundreds of specialized mortgage advisers to its branches. Will it get you a better deal?

Financial Post

Yet, TD is adding hundreds of specialized mortgage advisers across its 1,060 Canadian branches, beefing up training and layering in tech so clients actually feel they’re being guided by experts, not glorified tellers.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Dine for Dog Guides

The PEC Lions Club is hosting a dinner fundraiser at Boston Pizza in the Quinte Mall from 5 to 8 p.m. Enjoy a great meal while supporting the Lions Foundation of Canada Dog Guides, a national charity that provides specially trained Dog Guides to Canadians with disabilities at no cost.

LACC Farmers Market

The Lennox & Addington Chamber of Commerce is hosting the 1st Annual LACC Farmers’ Market in downtown Napanee. Market Square will feature local farmers, bakers, and makers coming together to create an incredible market experience.

Shop Local. Support Local. Shop Canadian.

September 13 @ 10:00 am - 3:00 pm

When Will the Bank of Canada Cut Rates Next?

Sun, 31 Aug 2025 13:00:03 GMT

Interest Rates, Market Hopes & 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.

Another Hold… or a Breakthrough Ahead?

The Bank of Canada’s next rate announcement is September 17th. After holding steady three times in a row, is this when we finally see a cut?

Is there light at the end of the tunnel for real estate markets?

Financial Post

The housing market outlook today is a sharp contrast to December’s cautious optimism. Back then, lower rates and expected cuts had buyers eyeing a spring and summer comeback, with early signs of life in commercial real estate as well.

Is now the moment for first-time buyers to get into the housing market?

CBC News

For For many Canadians, home ownership has felt out of reach in the country’s biggest markets. That narrative is starting to shift in places like Vancouver, Toronto, and surrounding areas. With prices stabilizing and interest rates holding steady, some buyers are seeing new opportunity.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Quinte West Pop-Ups | Last Day

Visit the Pop-ups at Centennial Park in Trenton, between 11 a.m. and 7 p.m. Enjoy delicious meals from six seasonal food vendors: Barbacoa Boyz, Momo-Mentum, Banana Splitz, The Forge Woodfired Pizza, K-Food Express, and Street Thai Food. Browse a rotating selection of locally made products from our rotating retail vendors.

Benni’s Piano Bar

Make Wednesday nights unforgettable at Benni’s Piano Bar with the incredibly talented Benni Vandergaast, live at The Cardinal starting at 7PM!

With a mix of classic tunes, crowd-requested faves, and Benni’s one-of-a-kind style, it’s the perfect way to kick back, relax, and enjoy live music in Quinte West!

From Remote Work to Reality: The Impact on Property Values

Sun, 24 Aug 2025 12:45:00 GMT

Affordability, Market Moves & 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.

Return to Office Shift: Market Booster or New Challenge?

Ontario’s decision to bring thousands of workers back to the office could create major ripple effects across housing markets and the economy—raising big questions about the future of commuter communities.

Housing affordability is improving across most of Canada

CMP

Homebuyers saw some relief in July as easing mortgage rates and stable prices improved affordability in most major markets, Ratehub.ca reports.

Ontario municipalities getting $1.6B more for housing as province lags on home building

CBC News

Premier Doug Ford is adding $1.6 billion to help municipalities build housing, on top of the $2.3 billion already committed. The funding supports key infrastructure like roads, bridges, and water systems needed for new development.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Non-Instructional Life-Drawing Studio

Life Drawing from a Nude Model.There will be no instructor at this workshop. They supply the model and you, the drawing materials! Registration required – ages 18+ Suggested donations of $5 will be accepted and appreciated! Contact the Gallery to register: gallery@bellevillelibrary.ca or 613-968-6731 x 2040

August 27 @ 5:30 pm - 7:30 pm

BOQ.BIKE + Fit Collective Social Rides

Join BOQ.BIKE and The Fit Collective for a new Thursday Night Ride Series—a casual, social way to explore Belleville by bike. Every other Thursday at 6:30 PM, enjoy 60–90 minutes of in-town riding at a conversational pace—no one left behind! All are welcome, no membership required.

Foreign Buyer Ban Under Pressure: What It Could Mean for Housing

Sun, 17 Aug 2025 13:00:00 GMT

Housing Projects, Buyer Insights & 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.

Foreign Buyer Ban: Game Changer or Risky Move?

The foreign buyer debate is heating up, some want change, others want the rules to stay. Could a shift bring new capital into major cities and influence our region?

New federal entity to prioritize Canadian-made, affordable housing projects

CTV News

Prime Minister Mark Carney’s promised new entity to spur massive amounts of housing construction will prioritize the building of affordable housing and the use of Canadian materials, says a consultation document published by the government on Monday.

Nine reasons why waiting for homes to become more affordable may not be the best plan

Financial Post

Tariff turmoil is fuelling both inflation and disinflation at the same time, but which force is greater is yet to be known. The verdict could affect thousands of would-be homebuyers or mortgage refinancers.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Free Dance Classes

Free one-hour dance and movement classes at Lions Pavillion in Zwick’s Park, Belleville on Thursday August 21 from 10:30 to 11:30am. Designed for people living with Parkinson’s or mobility issues. All are welcome – family and friends too. No experience or pre-registration needed. Email parkinsonsdance@quinteballetschool.com

LIVE MUSIC: Melodi Ryan

Peterborough’s Melodi Ryan blends alternative, folk, and soul influences, drawing from jazz, blues, and modern indie folk. Her haunting lyrics and soulful voice create melodies that explore the complexities of love and life. Her 2019 debut album features a decade’s worth of raw, heartfelt songs.

Market Shift: Belleville Holds, PEC Slips | Bay of Quinte Update

Sun, 10 Aug 2025 13:00:00 GMT

Market Trends, Buyer Savings & 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.

Market Shift: Belleville Holds, PEC Slips | Bay of Quinte Update

The Bay of Quinte market is showing very different trends across Belleville, Quinte West, and Prince Edward County. Some areas are holding strong, while others are seeing softer prices despite more sales activity. Take a look at what’s happening now and what it could mean for the months ahead.

Signs of life are appearing in Canada's housing market

CMP

The tariff chaos that’s engulfed the Canadian economy since the beginning of the year may be rumbling on – but signs are emerging that many hopeful homebuyers are no longer shelving their purchasing plans because of that uncertainty.

Potential Savings for First-Time Home Buyers: The New FTHB GST/HST Rebate

CREA

Canada’s housing supply gap was recently highlighted on the REAL TIME podcast, and a new federal initiative offers hope for aspiring homeowners. In response to public demand, the government has proposed a GST/HST rebate for first-time buyers. The goal is to boost new construction and make home ownership more attainable.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Paint your Park in Trenton

The City of Quinte West invites everyone to enjoy a creative evening at Hanna Park in Trenton on Thursday, Aug. 14, from 5:30 to 7:30 p.m. at this free outdoor paint event. All supplies, canvas, paint, and brushes, will be provided while quantities last, so all you need to bring is your creativity. Painters of all ages and abilities are welcome.

Burger and Brews

Burger Revolution is serving up another flavour-packed Burger and Brews night with bold burgers, local brews, and great summer vibes. Enjoy live music from Meaghan & Rob, a talented Quinte-based duo covering powerhouse hits from country to pop. Muskoka Brewery will be on-site pouring favourites and offering exclusive samples of their latest creations.

Rates Frozen, Markets Cautious—How Long Will It Last?

Sat, 02 Aug 2025 13:54:02 GMT

Market Uncertainty, Economy Expectations & 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.

Interest Rates Steady, but Uncertainty Rising

This week’s Bank of Canada update signals more caution ahead as U.S. trade tensions cloud the outlook. Here's how it’s shaping real estate activity, mortgage renewals, and buyer confidence.

Canada's economy on track to beat expectations in the second quarter

Financial Post

Canada’s economy is on track to outperform expectations in the second quarter even though it contracted in May, Statistics Canada said on Thursday. On a monthly basis, gross domestic product fell by 0.1 per cent in May, the same as in April. But Statistics Canada said in its flash estimate for June that the economy grew by 0.1 per cent, driven by increases in retail and wholesale trade, which would put annualized growth for the quarter at 0.1 per cent.

Seniors rarely downsize — here’s why that’s hurting first-time homebuyers

CTV News

Realtor Barry Lebow specializes in helping seniors downsize — moving out of the family homes they’ve lived in for decades to a smaller place that’s a better fit for their aging lifestyle. From the outside, that might look like the natural progression: feeding a healthy bit of turnover into the housing supply as move-up buyers seek their own family home. But the reality is a bit different when it comes time to sell, Lebow, who works in the Greater Toronto Area, said in an interview.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Sunday Blues Jam

Sunday Blues Jam at UpFront Cafe features Backtracks with Terry Rose, Steve Fralick and friends. The Jam is held on the 1st and 3rd Sunday of each month from 1 – 4 pm. All welcome!

Vinyl Listening Party

Get ready for high-energy fun every Friday at Karaoke Night at The Cardinal! Starting at 8PM, it’s a lively evening where the drinks are cold, the mic is hot, and the crowd brings the house down.

Can Old Tax Breaks Build New Rentals?

Fri, 25 Jul 2025 20:45:55 GMT

Old Incentives, Market Momentum, Affordability Window & 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.

Can Old Tax Breaks Build New Rentals?

Could a tax incentive from the 1970s be the key to solving Canada’s rental housing crunch? In this video, we explore the potential resurgence of the MURB program, how it worked in the past, and whether it could be effective today.

Canadian home sales keep climbing in June while prices stabilize: CREA

Royal LePage Blog

C anada’s housing market gained traction in June, with sales on the rise and prices showing signs of stability after recent declines. Activity remains below peak levels, but buyers, especially in the GTA, are gradually returning to the market.

High inventory, falling rates creating ‘affordability window’ for homebuyers: CEO

CTV News

C anadians currently looking to purchase a home may be in for a pleasant surprise, as many real estate markets across the country are seeing improved affordability, says the president and CEO of Royal LePage.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Industry Meet Up Mondays

Vinyl Listening Party

Bring a favourite record to play, choose a track from the in-house collection, and enter the draw to win a mystery, previously loved vinyl. Free popcorn available for all music lovers. Everyone’s welcome!

🎭 A Tale of Two Markets

Fri, 18 Jul 2025 19:31:38 GMT

Segmented Markets, Midlife Mortgages, Rising Sales & 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.

Real Estate Update: How Segmented Is the Market?

Not all properties are moving the same right now. We’ve seen some segments moving quickly while others are sitting. Here's how Belleville, Quinte West, and Prince Edward County are each performing.

Home sales up in June, though fewer sales expected this year, says Canadian Real Estate Assoc.

CBC News

For the second time this year, the Canadian Real Estate Association (CREA) has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago.

A realistic guide to retirement for mid- or late-life homebuyers

The Globe and Mail

F or a growing number of Canadians, homeownership has become a midlife milestone instead of a young adult rite of passage. But what happens when your mortgage payoff date is uncomfortably close to your retirement age or, even worse, after it?

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

2025 Empire Rockfest

Get ready for a night of legendary Canadian rock at the 2025 Empire Rockfest on Friday, July 25 at the Empire Theatre. The lineup features the genre-blending mastery of David Wilcox, the chart-topping classics of Trooper, and the high-energy sounds of Kingston’s own Luscious. Don’t miss this celebration of rock ‘n’ roll from some of the country’s most iconic performers.

Happy Hour Trail Run

Enjoy a scenic 6km trail run through vineyard rows, open meadows, and peaceful sugarbush forest during this relaxed evening event. Open to all ages and skill levels, the route offers easy terrain and a stunning sunset finish. Cap off the run with a glass of wine and take in the views—an ideal way to celebrate summer outdoors.

Bay of Quinte Real Estate Update – June 2025 Stats Breakdown

Sat, 12 Jul 2025 11:26:59 GMT

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.

Real Estate Update: June 2025 Stats Breakdown

June’s numbers are in—and the local market is heating up. From rising inventory to shifting sale prices, here’s a quick look at how Belleville, Quinte West, and Prince Edward County performed last month.

Canadians poised to weather mortgage renewal storm, says TD report

Canadian Mortgage Professional

D espite 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

Storeys

C anadian 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.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

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.

Benchmark Price is a MESS in the Bay of Quinte

Sat, 05 Jul 2025 12:32:23 GMT

Benchmark Price, Housing Affordability, Finding the Best Mortgage & 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.

Benchmark Price is a MESS in the Bay of Quinte

This week, we break down the latest benchmark price data for Belleville, Quinte West, and Prince Edward County—and there are some unexpected shifts this month. Whether you're buying, selling, or just watching the market, these trends are worth a look.

Canadian Real Estate Most Affordable In Years, Still Near 90s Bubble Peak: RBC

Better Dwelling

Canadian real estate is the most affordable it’s been in three years—but that isn’t saying much. RBC data shows ownership costs have eased, though it forecasts improvements stalling soon and affordability worsening next year. Even with affordability at its best, it would only be a slight improvement over the peak of the 1990s real estate bubble—the last one to fully burst.

Finding the best mortgage in a ho-hum rate environment

Financial Post

Canadian mortgage rates spent another week in suspended animation. There was not one rate change to speak of on the national lender leaderboard. Mortgage pros keep watching the calendar, waiting for the day that hope of a U.S. trade deal becomes reality. Interest rates could rally on such an outcome, but for now, they’re stuck in a range until tariff negotiations either bear fruit or collapse.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Flight Deck Fridays

Every Friday this summer, the National Air Force Museum of Canada is giving visitors rare access to the interiors of iconic RCAF aircraft during Flight Deck Fridays. From July 4 through August, explore a different historic plane each week at the RCAF Memorial Airpark—no pilot’s licence required!

Pop-Ups on the Bay

Pop-Ups on the Bay returns to West Zwick’s Park every week from May through Labour Day, bringing local vendors, food trucks, and entertainment to the Belleville waterfront. It’s a seasonal celebration of community, creativity, and everything we love about summer by the Bay.

Over Half of Canadian Renters Plan to Buy—But What’s Holding Them Back?

Sat, 28 Jun 2025 13:03:43 GMT

Eager Buyers, Tariff Impacts, Market Revival & 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.

Over Half of Canadian Renters Plan to Buy—But What’s Holding Them Back?

In this video, we break down the latest Royal LePage survey revealing that a majority of Canadian renters are eager to become homeowners—despite rising prices and affordability challenges. Find out what’s driving this demand and what it could mean for the housing market.

Three Months Later: How Have Tariffs Affected the Canadian Housing Market

Realtor.ca Blog

Keeping track of tariffs in 2025 can feel like playing “follow the bouncing ball.” Are they on or are they off again? With potential tariffs coming to some of Canada’s major industries that impact the housing market—steel, lumber, and energy for example—it’s impossible to say with certainty what the end result of these tariffs will be.

These real estate markets might be showing signs of life, report suggests

Global News

After a slow year for real estate in Canada, with some experts describing the spring housing market as “dead on arrival,” a new report suggests some markets are showing signs of life.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte region on Canada Day!

Belleville Canada Day at West Zwick’s Park

Belleville’s Canada Day celebration returns July 1 at West Zwick’s Park with live music, family-friendly attractions, food vendors, and fireworks. Festivities begin with a pancake breakfast at 9:30 a.m. and continue all day with free entertainment and shuttle service.

Canada Day in Quinte West

Celebrate Canada Day in Quinte West on July 1 at Centennial Park with free, family-friendly activities, food trucks, live entertainment, and fireworks. The day kicks off with a pancake breakfast and includes accessible parking near the amphitheatre.

May 2025 Canadian Real Estate Snapshot: Balanced but Shifting

Fri, 20 Jun 2025 17:45:05 GMT

May Market Snapshot, Eager Homebuyers & 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.

May 2025 Canadian Real Estate Snapshot: Balanced but Shifting

In this video, we take a quick look at how Canada’s real estate market performed in May, based on the latest data from CREA. Get a straightforward update on national sales activity and what it could mean for the months ahead.

More than half of Canadian renters eager to buy a home: Royal LePage

Financial Post

More than half of Canadian renters are eager to buy a home, and the conditions for doing so have improved as interest rates decline, supply increases and affordability improves in many markets across the country.

Systemic changes “essential” to ramp up Canada’s homebuilding: CMHC economist

Real Estate Magazine

Canada Mortgage and Housing Corp.’s new estimates on Canada’s housing supply show that a return to 2019 housing affordability levels is possible – but getting there will require a major homebuilding overhaul.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Belleville Concerts on the Bay

Enjoy free live music and entertainment at the Lion’s Pavilion in West Zwick’s Park on Wednesday and Sunday evenings this summer. Hosted by the Belleville Lions Club for over 30 years, this beloved waterfront concert series kicks off at 6:30 PM in June and July, and 6:00 PM in August. Bring a lawn chair and soak in the music while supporting local community initiatives through donations.

Movie Under the Stars

Experience a summer evening at Sandbanks Winery with a movie night under the stars on June 28th. Enjoy wine, lawn games, small bites, and a screening of a classic seaside thriller in celebration of its 50th anniversary. Tickets include popcorn and a drink option, with seating starting at 9 PM—guests are encouraged to bring blankets, lawn chairs, and bug spray.

Interest Rate Hold & Market Uncertainty – May 2025 Real Estate Recap

Fri, 13 Jun 2025 21:40:41 GMT

May Real Estate Recap, The Importance of Property Inspections & 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.

Interest Rate Hold & Market Uncertainty – May 2025 Real Estate Recap

The Bank of Canada holds interest rates steady, but questions linger about what’s next for buyers and sellers. In this video, we break down what this means for the housing market and how to navigate the uncertainty.

A smart start: The importance of property inspections for rentals and vacation homes

Real Estate Magazine

Whether your clients are purchasing vacation homes, cottages, and rental properties for their personal use, or to house regular tenants or shorter-term rentals through Airbnb and Vrbo, having a property inspection is a great preventative measure that can save them a lot of hassle by offering a heads-up to any major issues that are present or could arise in the future.

Planning to use your home equity in retirement

MoneySense

How much of your net worth is wrapped up in your home? According to Statistics Canada, the median net worth for senior families in 2023 was $1,109,700. The most common type of asset for Canadians was a family home, with a median value of $500,000.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

LIVE MUSIC: Brian Bongard

Join Meyers Creek Brewing on May 30 from 8–10 PM for live music by Bongard Road, featuring ‘80s, ‘90s, and classic hits. A longtime PEC performer, Brian Bongard brings full-band sound and deep local roots to every show.

Bay of Quinte Arts Festival

The Bay of Quinte Arts Festival returns for its second annual celebration on Saturday, May 31, 2025, from 11 AM–4 PM at Centennial Park Pop-Ups in Trenton. This outdoor event features local artists, live music, family-friendly fun, and a wide variety of delicious eats from Pop-Up vendors.

Why the BoC Didn’t Cut Rates (Again)

Fri, 06 Jun 2025 17:52:35 GMT

BoC Rate Hold, Lump-Sum Mortgage Payments & 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.

Why the BoC Didn’t Cut Rates (Again)

In this week's real estate update, we’re breaking down why the Bank of Canada held rates steady—again—and what that means for buyers, sellers, and investors. With inflation cooling but not quite there yet, we’ll look at what’s holding the BOC back and how it impacts local markets.

Got extra cash? Here's when experts say it's best to make a lump-sum mortgage payment

Financial Post

Being mortgage free can seem like a distant goal when the outstanding balance is in the hundreds of thousands of dollars and most of your regular payments are going toward paying interest. But if you can afford it, financial experts say making additional lump-sum payments can help speed your path to being debt free.

How the BoC's latest decision could impact Canada's housing market

Canadian Mortgage Professional

The Bank of Canada’s decision to keep its key interest rate unchanged this week is expected to influence activity in the country’s housing market, particularly for prospective buyers waiting for borrowing costs to decline.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

LACC Farmers Market

The Lennox & Addington Chamber of Commerce is launching its 1st Annual Farmers’ Market in downtown Napanee! Held at Market Square, the event will showcase local farmers, bakers, and makers for a true community shopping experience.

Father’s Day Music Bingo and BBQ

Celebrate Father’s Day with BBQ, cold drinks, and live music at The Smokin’ 116 Bistro in downtown Belleville! On Sunday, June 15 at 1:30 PM, enjoy a special smoked BBQ menu, door prizes, and Music Bingo Madness—fun for dads and the whole family.

Quinte Market Update: Inventory Levels You Need to See

Fri, 30 May 2025 20:18:04 GMT

May Market Update, First-Time Buyer

Programs & 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.

Quinte Market Update: Inventory Levels You Need to See

Curious about how the local market is performing? In this video, we break down sales numbers and active listings across Belleville, Quinte West, and Prince Edward County for the second half of May. The months of inventory might surprise you—tune in to see what the numbers reveal.

Is It A Buyers’ Market In Canada? Depends Where You Look

Storeys

S ince November 2024, the national sales-to-new-listings ratio (SNLR) has been on a persistent tumble, making its way towards what would be considered buyers’ territory. According to the Canadian Real Estate Association (CREA), a ratio below 45% points to buyers’ territory, and so far this year, the metric has come in at 49.3% in January, 49.9% in February, 45.9% in March, and 46.8% in April.

Financial Programs Available to Help First-Time Home Buyers

Realtor.ca Blog

I f you’re like most Canadians, buying a home is probably the biggest investment you’ll ever make. But for first-time home buyers, just saving up enough money for the down payment can take years or even decades to accomplish. Thankfully, Canada’s federal and provincial governments offer several different programs designed to support first-time home buyers by offsetting some of the costs associated with buying a home, and helping them purchase their first property.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

The Social Spot

Looking to connect with others in a relaxed and welcoming setting? Drop by The Social Spot—a free weekly gathering with crafts, conversation, and light refreshments every Tuesday from 1:30–3:30 PM at 161 Bridge St. W, Unit One in Belleville.

BOQ.BIKE + Fit Collective Social Rides

Want to stay active and meet new people? Join the Thursday Night Ride Series—a casual, social bike ride every other Thursday at 6:30 PM, starting June 5 from The Fit Collective (199 Front St.). All bikes and experience levels welcome—just bring your gear and a good attitude!

Is Inflation Really Slowing Down? The Truth Behind Canada’s April CPI Drop

Fri, 23 May 2025 19:00:00 GMT

April's CPI Drop,
Possible Housing Alliance & 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.

Is Inflation Really Slowing Down? The Truth Behind Canada’s
April CPI Drop

In this video, we break down Canada’s April CPI report to uncover whether inflation is truly slowing or if the numbers are hiding a deeper story. Join us as we analyze what’s driving the drop and what it means for interest rates and the broader economy moving forward.

How Canada can turn tariff tensions into a global affordable housing alliance

The Conversation

Canada is facing a worsening housing crisis. Home prices have exploded, with 45 per cent of Canadians saying they
are deeply worried about finding affordable housing. The country needs to build an additional 3.5 million homes by 2030 to achieve housing affordability. However, housing supply is lagging well behind that target even as demand continues to rise, driven largely by population growth and immigration.

Welcome to the age of divergence in Canadian real estate

Real Estate Magazine

In a real estate market as diverse as Canada’s, national
averages hide more information than they reveal. CREA’s April data confirms what many Realtors on the ground already know: Canada’s housing performance depends entirely on where
you are.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Bridging Communities
with Crochet

You're invited to “Bridging Communities,” a vibrant exhibition by Belleville-based artist Emebet Belete, running May 9–29 at the Quinte Arts Council Cultural Hub. Featuring large-scale crochet installations crafted with community volunteers, this powerful showcase celebrates creativity, connection, and collaboration.

Wiggle Waggle Pet Festival and Walkathon

On June 1 from 10 AM to 3 PM, enjoy a family-friendly event featuring a dog walk with pledge collection, a large vendor village, pet-related demonstrations, food trucks, live music, and a kids zone. Highlights include the Absolute Agility Shows at 12 PM and 1:45 PM—free admission and parking available.

Where Are the Buyers? Real Estate Sales Plunge in May 2025

Fri, 16 May 2025 17:33:37 GMT

Home Sales Down, The Liberal Effect
on Housing & 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.

Where Are the Buyers? Real Estate Sales Plunge in May 2025

In this video, we dive into the surprising slowdown in the real estate market this May and explore why buyers are suddenly pulling back. From rising interest rates to buyer hesitation, find out what's keeping the market quiet in 2025.

Home sales down almost 10% annually
last month

Toronto Star

The Canadian Real Estate Association says home sales in April fell 9.8 per cent compared with the same month last year, as the national housing market has returned “to the quiet markets we’ve experienced since 2022.”

Will the Liberals' campaign promises help fix the housing crisis?

CBC News

Mark Carney led the Liberals to a fourth term of government thanks to factors like U.S. President Donald Trump's trade war and annexation threats, as well as a campaign built on a few key promises such as a plan to solve Canada's housing crisis.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Pancake Breakfast & Plant Sale

A Pancake Breakfast and Plant Sale will take place at Sidney Westminster United Church, 1199 Wallbridge Loyalist Rd., Belleville, on Saturday, May 24th, 2025, from 8:30–11:30 AM. Guests can enjoy a full breakfast and browse a selection of plants, with tickets available in advance or at the door; the venue is fully accessible with ample parking.

Karaoke Night at the Cardinal

Get ready to unleash your inner superstar at Karaoke Night @ The Cardinal every Friday at 8PM! Whether you’re a pro on the mic or just coming out for the fun, it’s the perfect spot to sing your heart out, sip on drinks, and enjoy a night full of laughs and unforgettable performances.

Fewer Listings, Fewer Sales – But PEC Prices Boom!

Fri, 09 May 2025 18:33:49 GMT

April's Residential Stats,
Housing Market Gains & 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.

Fewer Listings, Fewer Sales – But PEC Prices Boom!

April’s real estate numbers are in: while listings and sales dropped across Belleville, Quinte West, prices in PEC continue to surge. Tune in for a quick breakdown of what these trends mean for buyers and sellers in today’s shifting market.

Canada housing market set to gain
as real estate investors pull billions
out of the US

Canadian Mortgage Professional

More Canadian real estate investors are stepping away from the US as tensions rise between the two nations, a shift that could funnel millions of dollars back into Canada’s housing market.

High down payments keep Canadians out of homeownership

Financial Post

Saving up for a down payment on a home is the main obstacle for 32 per cent of prospective homebuyers, according to a new survey, but that’s just one of the many hurdles they’re facing.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Pickleball at Quinte
Curling Club

The 2025 Pickleball season at the Quinte Curling Club begins Monday, May 12, with drop-in sessions available Monday, Wednesday, and Friday mornings and Monday and Wednesday evenings. Drop-in play is $9, or players can opt for unlimited access for $200; no pre-registration is required,
but payment and a signed waiver
are mandatory.

LIVE MUSIC: Steve Stacey

Live music Fridays kick off at Meyers Creek Brewing on May 16 from 8–10pm with singer-songwriter Steve Stacey, known for his witty, storytelling style and original songs. With two albums under his belt, Steve brings a mix of humour, heartfelt truths, and unexpected twists to every performance.

Mark Carney Wins: What It Means for Canadian Housing

Fri, 02 May 2025 18:08:02 GMT

Election Results, Homebuyer Protections, National Housing Strategy & 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.

Mark Carney Wins: What It Means for Canadian Housing

Mark Carney’s election win marks a new chapter in Canadian politics with potential ripple effects across the economy. This video unpacks what his leadership could mean for the housing market's future.

Stronger Protection Is Coming For New Home Buyers In Ontario.
Here’s How

Storeys

A stronger and safer new home marketplace has
wide-reaching benefits, from enhancing consumer trust
in the housing market through to positive ripple effects
on the economy at large.

Canada's national housing strategy remains 'under construction'

Financial Post

Priced-out first-time homebuyers were hoping the government’s national housing strategy would construct a lot of homes. But so far, it’s mainly constructed a lot of press releases. Housing starts have floundered, having trended significantly lower since mid-2021. “In fact, if we strip out rentals, the trend in ‘homeowner’ housing starts is running at the lowest levels since the (2008) financial crisis,” noted Edge Realty Analytics housing analyst Ben Rabidoux in a report Wednesday.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Free Mother's Day Yoga

Limitless Brazilian Jiujitsu + Kickboxing in Trenton is offering a free gentle yoga session on Sunday, May 11th at 9:00 AM to celebrate Mother’s Day and bring the community together. The event takes place at 99 Dufferin Ave and is open to everyone—mothers, friends, or solo participants—at no cost.

Thursday Wine Club

Thursdays just got better at The Local with half-price bottles hand-picked by the in-house sommelier, available every Thursday from 3 PM to 10 PM. Enjoy premium wines, local favourites, perfect pairings, and great company—no membership needed.

Home Prices Up, Sales Down – Is the Market Shifting?

Fri, 25 Apr 2025 15:00:28 GMT

Canadian Price Trends,
Upcoming Election & 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.

Home Prices Up, Sales Down – Is the Market Shifting?

In this video, we break down the latest Canadian real estate trends, highlighting home price changes and market activity across the country. Stay informed with key insights to help you navigate buying or selling in today’s housing market.

Canadian Homes Sales Drop as CREA Downgrades 2025 Forecast

Crea Café

It seems a rebound in home sales isn’t such a slam dunk after all. The Canadian Real Estate Association (CREA) recently revised its 2025 housing forecast to adjust for the uncertainty of tariffs and any economic turmoil that may come with it. Looking at the updated quarterly forecast, CREA is accounting for 50,000 fewer home sales in 2025 than originally forecast (totalling 482,673 residential properties—virtually unchanged from 2024) and the average price of a home is to be $30,000 less than originally forecast (hitting an average of $687,898 in 2025).

More than half of Canadians say housing policies will influence how they will vote Monday

Financial Post

An international trade conflict and economic turmoil have dominated the 2025 federal election campaign, but housing remains a top priority for voters, according to a new study by Royal LePage. The study, which interviewed 2,417 adults across Canada in April, found that 55 per cent said a political party or candidate’s housing policies will influence their vote when Canadians head to the polls this Monday.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Trivia Game Show

Test your knowledge and compete for prizes at the weekly Trivia Game Show, hosted by Quizmaster Ally at The Smokin’ 116 Bistro in Belleville. Join the fun every Thursday from 7:00 pm to 9:00 pm in a lively and welcoming pub quiz atmosphere.

Benni's Piano Bar

Experience unforgettable Wednesday nights at The Cardinal with Benni’s Piano Bar, featuring the talented Benni Vandergaast live from 7 PM. Enjoy a vibrant mix of classics, crowd favourites, and unique performances in a relaxed Quinte West atmosphere.

BoC Holds Rates Steady | What Bond Market Volatility Means for Real Estate

Fri, 18 Apr 2025 16:09:06 GMT

BoC Rate Hold, Starter Homes,
Homebuyer Opportunity & 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.

BoC Holds Rates Steady | What Bond Market Volatility Means for Real Estate

The Bank of Canada holds interest rates steady, but market uncertainty is far from over. In this update, we break down how bond market volatility could impact real estate prices and mortgage trends.

Are starter homes still worth it?
Some first-time buyers are
rethinking the traditional
home ownership ladder

The Globe and Mail

When Bryan Blue and Maggie McTavish began searching
for their first home in St. Catharines, Ont., in 2023, they considered starter homes – small, affordable properties
without amenities such as a two-car garage, multiple
bathrooms or a spacious yard.

Canadians could find opportunity in current mortgage rate environment

Canadian Mortgage Professional

The Bank of Canada announced it will hold its overnight rate steady at 2.75%, citing continued economic uncertainty and inflation concerns. While the decision may dampen hopes
for cheaper borrowing, several underlying trends suggest conditions may still be turning favourable for homebuyers, according to personal finance company NerdWallet.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Home Show

The Bay of Quinte Home Show is the ultimate event for homeowners, renovators, and anyone looking for fresh ideas and great deals to enhance their space. Explore a weekend filled with inspiration, prizes, and home improvement solutions at the
Duncan McDonald Memorial Community Gardens in Trenton
from April 25th to 27th.

Rock Painting Workshop

Enjoy a creative and calming dot-painting workshop, where participants can design a 4" rock with a charming bunny or vibrant spring flower motif, inspired by Easter colours. All materials are provided, making it the perfect way to relax and take home a
festive piece of art.

Bay of Quinte Q1 2025 Real Estate Market Update | Prices Holding, Sales Down 📉

Fri, 11 Apr 2025 21:23:13 GMT

Q1 Market Update,
Renters Hitting Pause & 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.

Bay of Quinte Q1 2025 Real Estate Market Update | Prices Holding, Sales Down ��

Wondering how the Bay of Quinte real estate market is shaping up in 2025? In this Q1 update, we break down why home prices are holding steady while sales are seeing a noticeable dip.

Canadian Renters Abandon Plans To Buy Real Estate This Year: BoC

Better Dwelling

Maybe next year? Canadian renters are hitting pause on their plans to buy a home in the next 12 months, according to a Bank of Canada (BoC) consumer survey in Q1 2025. Following a quarter of record buying intentions, the share looking to buy this year made the sharpest quarterly decline on record. The combination of a federal election while engaged in trade wars with the world’s two largest economies, has created economic uncertainty likely to worsen before it improves.

The market isn’t falling—

it’s finding its feet

Real Estate Magazine

If there’s one lesson March 2025 teaches us about the Greater Toronto Area real estate market, it’s this: gravity isn’t always a bad thing. After years of frenzied growth, soaring prices, and buyer competition that defied fundamentals, the market has begun a pretty serious descent in response to two key uncertainties in Canada’s market.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Open Mic Night

Join host Ray Flood for Open Mic Night at Meyers Creek Brewing a welcoming midweek event open to all levels and styles of music, poetry, storytelling, and comedy.
The cozy, acoustic-friendly space is perfect for solo
or duo performers—just show up or contact Ray to sign up!

Easter Brunch

Celebrate Easter Sunday with a special brunch at The Local!
From 10am–2pm, enjoy a fresh, seasonal menu crafted
by Chef Ian—perfect for a laid-back morning with family
or friends. Reservations recommended.

March Sees Biggest Price Jump Since 2022 – What’s Next?

Fri, 04 Apr 2025 18:54:44 GMT

Rising Inventory, Housing Policy, Falling Rates & 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.

March Sees Biggest Price Jump Since 2022 – What’s Next?

In this week's market update, we’re looking at inventory trends, the latest benchmark price shifts and tariff developments. Tune in for the full breakdown!

Capital, construction and control: Why housing policy could define the 2025 election

Real Estate Magazine

In Canada, real estate has long been more than a roof over one’s head. It’s been a store of wealth, a retirement strategy, a family legacy—and increasingly, a fault line in intergenerational fairness. The gap between the haves and have-nots is often measured in property lines, and the 2025 federal election will reflect that tension.

Why falling rates spell trouble for anyone needing to break their mortgage contract

Financial Post

Mortgage rates are near three-year lows. That sounds like great news — unless your idea of “great” includes surprise fees and weeping over your amortization schedule.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Belleville Jazzlicious

Enjoy three weekends of live jazz in downtown Belleville this April — all for free! Celebrate the City’s new official Jazz Appreciation Month with performances at local venues and a grand finale jam session at the Belleville Club on April 26.

Spring into Treasure

Join the Spring Into Treasure Scavenger Hunt in Downtown Belleville on Saturday, April 12, 2025, from 12–3 PM for an afternoon of family fun and prizes! Pick up your Bingo Card at the Downtown District Booth, visit local stops to collect stamps, and enter to win the Grand Prize—free fun for kids of all ages!

📉 Inflation Rises, Home Prices Dip, & Market Uncertainty Ahead

Sat, 29 Mar 2025 12:22:41 GMT

CPI Data, Falling Home Prices, Cottage Market Resilience & 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.

�� Inflation Rises, Home Prices Dip, & Market Uncertainty Ahead

This week’s market update covers Canada’s latest CPI report, interest rate outlook, and early shifts in the benchmark home price as the spring market starts to take shape. Tune in for the full breakdown!

Canadian home prices to fall as buyers wait out 2025 uncertainty, says TD

Canadian Mortgage Professional

Home prices in Canada are now expected to fall in 2025, as the lingering effects of trade uncertainty, affordability challenges, and weak buyer demand take their toll. TD Economics has revised its forecast sharply downward, now expecting a 3.2% decline in average home prices this year.

Why 'economic chaos' isn’t slowing the cottage market

Financial Post

Uncertainty from Donald Trump’s tariff war and geopolitics are expected to slow Canada’s housing market, but cottage sales should generally withstand the “economic chaos,” said a new report from a Canadian real estate company.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Live Music at The Kafana

Experience an evening of rich, cross-cultural modal music at The Kafana on April 3, featuring Araz Salek, Canan Sezgin Geylan, and Yahya Geylan—brought to Belleville by Toronto-based Labyrinth Ontario. This free event blends Turkish and Iranian musical traditions with contemporary influences.

The Wayside Motor Inn

Experience a unique theatrical production with The Wayside Motor Inn at Pinnacle Playhouse. Set in a 1970s suburban motel, this play intertwines five simultaneous stories on one stage, exploring everyday dilemmas with humour and heart—directed by Moira Nikander-Forrester.

📉 Bank of Canada Cuts Interest Rates – What It Means for the Housing Market

Fri, 14 Mar 2025 20:35:26 GMT

House Hunting in a Trade War, Canada's Aging Population & 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.

�� Bank of Canada Cuts Interest Rates – What It Means for the Housing Market

The Bank of Canada just lowered interest rates—what does this mean for home prices, mortgage rates, and market activity? Watch this week’s video for key insights on how this shift could shape the housing market!

House hunting in a trade war? What Bank of Canada’s rate cut means for you

Global News

The outlook for Canada’s housing market remains uncertain after the Bank of Canada cut its key interest rate on Wednesday amid what it calls “pervasive uncertainty” around the trade war imposed by the U.S. The central bank cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent.

Canada's Population Is Aging, Where Is Everyone Going To Live?

Storeys

Canada’s oldest Baby Boomers turn the big 8-0 next year. Though the country’s aging population is a long-understood reality, the stats put this demographic shift into perspective: The population of Canadian seniors (65+) is projected to swell to nearly one quarter of the overall population by 2040, according to the Government of Canada.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Benni’s Piano Bar

Make your Wednesday nights unforgettable with Benni Vandergaast live at The Cardinal starting at 7 PM! Enjoy a mix of classic hits, crowd favourites, and Benni’s signature style at Benni’s Piano Bar—the perfect way to unwind with great music in Quinte West!

Half Price Wine at The Local Social House

Elevate your Thursday evenings with Half-Price Wine Night at The Local Social House! From 3 PM to 9 PM, enjoy 50% off select bottles from top wine regions around the world—whether you love bold reds, crisp whites, or something in between.

February Market Update 📉

Sun, 09 Mar 2025 14:40:28 GMT

Tariff Pauses, Investing in Canadian Real Estate & 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.

February Market Update ��

In this week's YouTube video, we break down the February residential real estate stats for the Bay of Quinte region. From new listings and sales numbers to median and average sale prices, get the latest market insights and what they mean for buyers and sellers in the area!

Trump pausing tariffs on some Canadian goods until April 2

CBC News

U.S. President Donald Trump said Thursday he is again pausing his tariffs on some Canadian goods until April 2, offering the country at least a partial reprieve from a punishing 25 per cent levy. Trump's actions are a welcome development, given just how damaging tariffs that big could be for the Canadian economy.

Why Canadian Real Estate Is Still a Smart Long‑Term Bet – Even in Today’s Uncertain Times

Canadian Real Estate Magazine

In today’s shifting economic and political landscape, investors are understandably cautious, given concerns about trade tensions, proposed tariffs, evolving monetary policies, and increases in supply. However, these challenges are paired with unique opportunities. As a result, Canadian real estate still offers unique strengths that can translate into stable, resilient returns, and could be a wise financial move, now more than ever.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

The Decades Band – Live Music

Take a musical journey through the decades with The Decades Band at Shorelines Casino Belleville on Friday, March 14, 2025, from 8 PM – 12 AM. Enjoy an electrifying night of classic hits from the 1950s to the 1980s—no cover charge, just great music and nostalgia!

St. Patrick’s Day at The Local Social House

Celebrate St. Patrick’s Day early at The Local on Saturday, March 15th with a festive menu crafted by Chef Ian. Enjoy Irish-inspired dishes like roasted oysters with Guinness sabayon, Dublin Lawyer Shrimp, and Guinness & chocolate cake with Bailey’s frosting—reservations recommended!

Warmer Weather Welcomes More Sales 📈

Fri, 28 Feb 2025 21:31:22 GMT

Increased Sales, Rate Cut Freeze, Solving the Housing Crisis & 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.

Warmer Weather Welcomes More Sales ��

In this week's YouTube video, I break down the latest real estate trends in the Bay of Quinte area. From the number of homes sold to how CPI and shelter costs are impacting the market, get the insights you need to stay informed!

Bank of Canada would freeze rate cuts on Trump blanket 25% tariffs, economists say

Financial Post

The Bank of Canada will halt rate cuts after a March trim if United States President Donald Trump imposes 25 per cent tariffs on most goods from Canada, say economists at Oxford Economics Group Ltd., a decision that would upend standard thought about how policymakers respond to such traumatic events.

CMHC provides 'realistic' timeline for solving housing crisis

Canadian Mortgage Professional

Canada’s housing crisis won’t be solved overnight, and under current conditions, it could take up to 30 years for new housing supply to fully impact affordability, according to the Canada Mortgage and Housing Corporation (CMHC).

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Quinte West FamilyFest

Quinte West FamilyFest returns on March 9 at the Batawa Community Centre, offering a fun-filled day of free, family-friendly activities to kick off March Break. Highlights include a pancake breakfast, live entertainment, hands-on crafts, face painting, and the chance to explore a City snowplow and fire truck.

Winter Wine Festival

Élevage Winter Wine Festival is a unique celebration of the winemaking process, taking place in Prince Edward County on March 8 and 9, the first weekend of March Break. Guests can experience 10 Elevated Tastings, offering an in-depth look at the ageing process wines undergo between fermentation and bottling.

The Market is Frozen in February ❄️

Fri, 21 Feb 2025 21:07:24 GMT

Market Update, Trade War Fears, Housing Starts & 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.

The Market is Frozen in February ❄️

In this week's YouTube video, I break down the latest real estate trends in the Bay of Quinte area for February. From market activity to pricing shifts, find out what’s happening and what it means for buyers and sellers in the region!

Canada’s housing market braces for impact as rising supply meets trade war fears

Real Estate Magazine

Something has shifted in Canada’s housing market. This shouldn’t come as a surprise, given something has certainly shifted at a global geopolitically level. You might even call it a “tarrifying” headwind for Canada’s real estate market.

CMHC forecasts slowdown in housing starts through 2027

Financial Post

Housing starts across Canada kicked off the year strong, but lower immigration levels and evolving U.S. trade policies are clouding the country’s economic outlook, which has had a cascading effect on the housing market, according to the Canada Mortgage and Housing Corporation (CMHC).

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Seedy Saturday

Belleville’s 1st Annual Seedy Saturday is a free, family-friendly event for gardeners of all levels, featuring informative workshops, unique seeds, and local vendors. Hosted by CDC-Quinte, this event offers a great opportunity to learn, shop, and connect with the local gardening community.

Quinte Club Expo

The Quinte Club Expo offers a chance to explore a variety of extracurricular and after-school programs in the community. With free admission, attendees can connect with local organizations, discover new activities, and easily register for programs in a positive and supportive environment.

A Rough January for Belleville 📉

Sat, 15 Feb 2025 14:43:00 GMT

January Stats, Consumer Insolvencies, Interest Rates & 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.

A Rough January for Belleville ��

This week on YouTube, I break down the January 2025 residential real estate stats for Belleville, Quinte West, and Prince Edward County. From new listings to sales numbers and median sale prices, I’ll share key insights into how the market started the year—and what trends might emerge in the months ahead.

Canadian Consumer Insolvencies Just Saw A 2009-Like Growth Surge

Better Dwelling

Canada has some of the most highly indebted households in the world, and they may be approaching their breaking point. Office of the Superintendent of Bankruptcy (OSB) data shows December was one of the busiest in years for consumer insolvencies. The year ended with the most filings since 2009, growing at a pace similar to the Global Financial Crisis.

Are Declining Interest Rates Really The Key To A Real Estate Renaissance?

Storeys

Interest rates are front and centre in conversations about the Canadian housing market – especially now that they’re on the decline. Of course, following a red-hot real estate run during the pandemic days, the country’s interest rates started to climb. While the benchmark rate sat at 0.25% in March 2022, it then began an upward trajectory and didn’t stop until July 2023, when it reached a 22-year high of 5%.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Belleville Downtown DocFest

The 14th Annual Belleville Downtown DocFest returns in 2025 with an exciting lineup of outstanding documentaries, filmmaker Q&As, and a special Saturday evening event. The festival will be fully in-person, featuring screenings throughout the weekend and the Annual Gala Music Feature Film with a live concert at the historic Empire Theatre.

Savour The Chill 2025

Downtown Belleville’s Savour the Chill returns for its 21st annual soup competition on Saturday, Feb. 22, 2025, from 12–3 p.m. Nineteen restaurants will compete for the People’s Choice and Judges’ Choice awards, serving 6oz cups of soup for $3 each. Bring a spoon, cash, and arrive early before the soup runs out! Stay updated online or on social media.

How Prices Have More Than Tripled in 19 Years

Sun, 09 Feb 2025 13:30:16 GMT

Benchmark Price, Tariffs, Capital Gains Tax Delay & 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.

How Prices Have More Than Tripled in 19 Years

Curious about how real estate prices have changed in the Bay of Quinte over the past 20 years? In this video, we explore key trends from 2005 to 2025, uncovering the story behind the region's evolving real estate market!

Tariffs will force Bank of Canada to pick growth over inflation, RBC and TD say

Financial Post

If a new round of tariffs ever comes into play, they could force the Bank of Canada to set aside its inflation mandate to protect the country’s growth, say several prominent economists.

Federal government delays capital gains tax increase until 2026

Canadian Mortgage Trends

The increase was set to raise the capital gains inclusion rate—the portion of gains that is taxable—from 50% to 66.7% for individuals earning over $250,000 in annual capital gains, as well as for corporations and most types of trusts.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Open Mic Night at the Local

Show off your musical talent every other Wednesday at 8:00 PM with host Victor Cooper! Sign up early, enjoy great food and drinks, and choose to play solo, borrow Victor’s guitar, or have him accompany you. Whether you're a pro or a first-timer, the mic is waiting!

Valentine's Day Social

Celebrate Valentine’s Day on February 14th with a social gathering featuring crafting, music, and “speed-friending.” This free event offers light refreshments and a welcoming space to connect, whether staying for the whole evening or just stopping by.

Bank of Canada Cuts Again

Fri, 31 Jan 2025 21:22:33 GMT

BOC Rate Cut, Building a Successful Mortgage Application & 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.

Bank of Canada Cuts Again

In this week's real estate roundup, we delve into the Bank of Canada's recent rate cut and discuss its potential implications for the housing market and broader economic trends. Stay informed on how this decision could influence your financial landscape.

How can homebuyers build a successful mortgage application in a tough market?

CMP Magazine

Interest rates may be on the way down on both the fixed and variable sides at the beginning of the year, but affordability and qualification hurdles are continuing to keep many hopeful homebuyers on the sidelines in Canada.

Questions linger over the government’s new secondary suite refinancing program

Canadian Mortgage Trends

The federal government’s launch of the Secondary Suite Refinance Program on January 15 was largely met with optimism, but some brokers note that questions remain.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

A Valentine Affair

Celebrate love and connection at Sans Souci in Belleville on February 7th with a lively Valentine’s-themed evening. Enjoy curated vendors, live music, complimentary bites, and a cozy ambiance perfect for mingling or sharing with someone special.

Cover Band Night

Rock out at The Smokin' 116 Bistro in Belleville on February 8th at 9 PM with live performances by LTD, The Wheelhouse, and Yesterday’s Villains. Enjoy incredible music, great vibes, delicious food, and drinks — all for just a $10 cover with free parking available.

Wrapping up the 2024 Real Estate Market 🏠

Sun, 26 Jan 2025 14:48:27 GMT

2024 Market Recap, Cancelled Listings, Decreasing Housing Needs & 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.

Wrapping up the 2024 Real Estate Market ��

In this week’s YouTube video, we’re recapping the 2024 real estate market trends across Belleville, Quinte West, and PEC. Tune in to see which areas saw price declines, where homes are taking longer to sell, and what it all means as we head into 2025!

More than half of Canadians are feeling 'financially paralyzed,' RBC poll says

Financial Post

The stubbornly high cost of living has many Canadians feeling anxious, stuck, and struggling to make ends meet, according to a new poll released today by Royal Bank of Canada (RBC).

Canadian Real Estate Sellers Canceled 1 In 5 Listings Last Month: NBF

Better Dwelling

Canada is still in a deep winter freeze, but the market is shaping up for an interesting Spring. National Bank of Canada (NBF) found that real estate inventory proved more resilient than sales in December. That inventory might be even higher this Spring, as frustrated sellers cancel 1 in 5 listings without a sale.

500,000 fewer homes needed in Canada by 2035 as population set to decline: Oxford

Canadian Mortgage Trends

Canada’s housing needs are projected to decrease by 500,000 homes by 2035, driven by a decline in population, according to new research from Oxford Economics. The revision to the country’s long-term housing supply needs reflects a 0.2% annual population decrease in each of the next two years, driven by recent changes in immigration policy introduced by the federal government.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

The Belleville Theatre Guild Presents The Rock

The Rock, an original play by the late Deborah Jarvis, explores the fragility of family bonds during a turbulent whale-watching vacation. Directed by Jeremy Henson, this contemporary drama weaves humor and unexpected twists into a story of love, loyalty, and secrets set against the backdrop of the Atlantic’s unforgiving storms.

Balkan Folk Dance Lesson & Party at The Kafana

Experience the energy and excitement of Balkan culture at the upcoming Balkan Dance Party on February 1st. Enjoy a 30-minute dance lesson with renowned Macedonian dancer Joy Chorolovski, followed by an evening of dancing, delicious food, and great company—all with free entry and a vibrant atmosphere.

What Is the Neutral Interest Rate? 🤔

Fri, 17 Jan 2025 21:45:08 GMT

Housing Market Surge, Homebuyer Determination, Secret Shelters & 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.

What Is the Neutral Interest Rate? ��

In this week’s YouTube video, I break down the "neutral rate"—the interest rate that keeps the economy balanced between growth and inflation. Learn how this key economic concept affects everything from mortgage rates to job markets and why experts predict a return to 2.75% by 2025.

Canada's housing market expected to get boost from record demand on the sidelines

Financial Post

With interest rates expected to hit a bottom this year, the Canadian Real Estate Association (CREA) anticipates a surge in demand from would-be homebuyers who have been waiting it out in hope of a better deal.

Canadians More Determined to Own Homes in 2025: Survey

Building

A survey by digital real estate platform, Wahi, has revealed that Canadians are increasingly committed to homeownership in the coming year. The second-annual Homebuyer Intentions Survey of Angus Reid Forum members indicates that more individuals plan to take steps to purchase a home compared to 2024.

The secret shelter next door: What city officials aren't telling you

National Post

In theory, Toronto city staff were supposed to execute the purchase of a large, vacant commercial building in the eastern suburb of Scarborough in late October without anyone finding out about it. For a city bureaucracy not exactly known for its ability to keep secrets, it was a tall order. Before the sale had been completed, a television reporter named Alan Carter was standing in front of the building in question with a story so juicy it ran as an exclusive on Toronto’s CityNews.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

The Future of AI Adoption with Avery Swartz

Join tech expert Avery Swartz for an engaging presentation on the rapidly evolving world of machine learning and generative AI, including powerful tools like ChatGPT. This free event offers a clear, high-level overview of how these technologies work and their transformative impact on everyday life.

LIVE MUSIC: Meaghan Love @ Meyers Creek Brewing

Enjoy an evening of live music with local talent Meaghan Love as she takes the stage for her first solo show in the taproom’s music corner. Known for her powerful vocals and acoustic performances, Meaghan brings 15 years of experience entertaining audiences across the Quinte area.

December 2024 Residential Real Estate Stats 📊

Fri, 10 Jan 2025 17:45:07 GMT

December Stats, Housing Laws & Regulations, 2024 Real Estate Trends & 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.

December 2024 Residential Real Estate Stats ��

This week on YouTube, I break down the December 2024 residential real estate stats for Belleville, Quinte West, and Prince Edward County. From new listings to sales numbers and median sale prices, I’ll share key insights into how the market wrapped up the year—and what it could mean for 2025.

Bundled pricing: how the best mortgage rates increasingly come with strings attached

Financial Post

If you want the very best deal on a big bank mortgage, get ready to sign up for more products, whether you like them or not. Banks want your business, all of it — your chequing account, credit card, investments, creditor life insurance, auto loan. The whole enchilada. And if you don’t give them more than your mortgage, depending on the bank, you don’t get their lowest mortgage rates.

5 Ontario Housing Laws And Regulations Taking Effect In 2025

Storeys

Out with the old and in with the new, as they say. With the new year comes new housing laws and regulations that will impact everyone from builders to buyers and renters across Ontario (and in Toronto, specifically).

Canada’s 2024 housing trends: Affordability takes the lead

Real Estate Magazine

In 2023, Ontario dominated Canada’s housing searches. Last year, Alberta cities like Edmonton and Calgary captured attention, with their more affordable housing and lower living costs, reports Zoocasa. This trend shows in Canada’s top five searched cities last year: Toronto, Edmonton, Calgary, Mississauga and Vancouver.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Armchair Traveller Presentation: “Humpback Whales of the Dominican Republic”

Join the Parrott Gallery on January 16, 2025, for a free presentation of Humpback Whales of the Dominican Republic: Underwater Photography by Jeff and Debbie Evoy. Enjoy refreshments at 6:00 p.m. before the 6:30 p.m. talk. The exhibition runs from January 9 to February 20, 2025.

Belleville Festival of Faith

Experience the Belleville Festival of Faith from January 19–25, 2025, celebrating the diversity of local faiths and traditions. Each day features a different faith community hosting an hour-long talk with a Q&A session. For the full schedule and details, visit bellevillefaithfest.com.

CPI and Job Numbers to Round out 2024 📊

Sat, 04 Jan 2025 17:24:17 GMT

November CPI, Real Estate-Based Economy Growth, 2025 Market Outlook & 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.

CPI and Job Numbers to Round out 2024 ��

Big economic shifts are reshaping the housing market, with inflation cooling to 1.9%, potential interest rate cuts, and rising unemployment at 6.8%. Learn how these trends could impact buyers, sellers, and investors in this week's video!

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

Global News

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

Better Dwelling

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

CTV News

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.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte region this New Year's Eve!

‘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!

Benchmark Price in the RED for November 📉

Fri, 27 Dec 2024 21:02:41 GMT

November Benchmark Price, Best Mortgage Rates, Accessible Home Builds & 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.

Benchmark Price in the RED for November ��

In this week’s YouTube video, I break down the November 2024 benchmark price data for Hastings & Prince Edward County, the Greater Toronto Area, and Canada as a whole. We’ll explore key trends, compare regional performance, and discuss what this means for today's market. Tune in for my take!

The best mortgage rates in Canada right now

Financial Post

On the hunt for a budget-friendly mortgage? You’ve just struck gold. This is Canada’s one and only compilation of mortgage rates that aims to showcase top-notch pricing from every mainstream lender and rate aggregator — provided their rates pass muster.

'Now's the time': As Canada ramps up housing, advocates urge more accessible builds

CTV News

Five-year-old Beau starts each day being carried by one of his parents to the family's living room, where his wheelchair awaits in their Beamsville, Ont., home. Diagnosed with spinal muscular atrophy at 17 months old, Beau is unable to walk independently due to the disease, which damages nerves and leads to severe muscle weakness.

Housing markets across Canada are defying December norms

Real Estate Magazine

It’s been an unusually busy fall for much of Canada’s housing market and some regions are experiencing extraordinary activity into December, sparking optimism for 2025. What’s buoying that sense of optimism is a number of policy decisions on the federal level that many say will continue to boost the market in 2025.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte region this New Year's Eve!

Celebrating NYE at Signal Brewery

Celebrate New Year's Eve at Signal's Plaid & Toque party! Enjoy live music with DJ Ferguson and Road Apples, Canada’s premier Tragically Hip tribute band, plus late-night snacks and a bubbly toast at midnight. Doors open at 8 PM, with tickets now $60.

NYE Euro-Disco Dancy Party at The Kafana

Celebrate 2025 at the Kafana’s Euro-disco dance party! Enjoy your favorite Euro hits, mezze platters, a midnight bubbly toast, and two beverage tickets. All ages welcome, with combo tickets for a prix fixe dinner available online.

Bank of Canada with Another JUMBO Cut ✂️

Fri, 13 Dec 2024 18:58:10 GMT

BOC Rate Cut, Worsening Housing Crisis, Canada's Secondary Suite Loan Program & 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.

Bank of Canada with Another JUMBO Cut ✂️

In this week’s YouTube video, we’re breaking down the latest update from the Bank of Canada: another 0.5% interest rate cut, bringing the policy rate to 3.25%. We’ll explore what this means for mortgages, homebuyers, and the real estate market as we move into 2025. Don’t miss it!

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

Financial Post

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

Canadian Mortgage Professional

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

Canadian Mortgage Trends

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.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

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!

November Stats Looking Promising 👀

Fri, 06 Dec 2024 19:52:56 GMT

November Stats, Development Charges, 2025 Mortgage Renewals & 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.

November Stats Looking Promising ��

In this week's YouTube video, I discuss the November 2024 residential real estate stats for Belleville, Quinte West and Prince Edward County, reviewing new listings, number of sales and median sale price. Tune in for my analysis of the data!

Why a conversation on the fees municipalities add to new homes is necessary now more than ever

National Post

In recent weeks, there have been significant discussions about development charges (DCs) in municipalities across the GTA — but specifically in the City of Toronto. Government taxes, fees and charges, like DCs, have contributed to a “cost to build” crisis that has undermined the financial viability of new home construction, is stalling residential development and threatening future housing supply across the metropolitan area.

Mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC

Canadian Mortgage Trends

Despite the recent decline in interest rates, Canada’s largest bank says its clients will face substantial mortgage payment increases over the coming years. In total, RBC will see $353 billion worth of mortgages renew from 2025 to 2027, the majority of which are fixed rate borrowers who secured low rates during the pandemic. Many of these clients will be renewing into significantly higher rates at renewal time.

Real estate’s season finale may see a plot twist

The Globe and Mail

The real estate market traditionally tapers off in December, but the transition may be more quirky than smooth this year: rules that aim to lower the financial hurdles for buyers who want to purchase a home in the $1-million to $1.5-million range are set to take effect this month.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

“The Littlest Angel” Christmas Concert

The Parrott Gallery presents The Littlest Angel, a Christmas concert by the Carpe Diem String Ensemble, on Saturday, December 14, at 2:30 p.m. Featuring a reading of the classic tale alongside joyful music, the program concludes with a festive carol sing-along. This free event is open to all ages.

Holiday Dinner Party in the Gallery

These4walls gallery offers the perfect setting for a festive gathering with friends or colleagues. Enjoy a three-course meal and live holiday music in a stunning gallery atmosphere. Private tables ensure an exclusive experience; menu selections can be made when booking.

Bank of Canada Poised for a 25BP Cut ✂️

Sat, 30 Nov 2024 12:49:42 GMT

October CPI, Mortgage Renewal Cliff, Home Sales Jump & 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.

Bank of Canada Poised for a 25BP Cut ✂️

The Bank of Canada’s expected rate cut on December 11th could shake up the housing market. Inflation is back at 2.0%, with shelter costs easing and opportunities emerging for buyers. What does this mean for 2025 trends? Watch now for all the insights!

Canada retreats from the edge of the mortgage renewal cliff, TD Bank says

Financial Post

Toronto-Dominion Bank is crediting diligent Canadians with helping the country back away from the edge of a looming mortgage renewal cliff. Millions of mortgages are up for renewal over the next two years, with economists warning that rising interest rates would squeeze homeowners and ultimately the economy. But a new analysis from TD Bank found that Canadians are handling the transition to higher mortgage rates better than expected.

‘Surprise Jump’ in Home Sales for October, Says Canadian Real Estate Association

Realtor.ca Blog

Who had a 7.7% increase in home sales on their real estate bingo card for October? The latest data from the Canadian Real Estate Association (CREA) shows Canadian home sales activity spiked last month, reaching a level unseen since April 2022, and surpassing the 10-year monthly moving average.

Should the stress test be scrapped on all mortgage renewal switches?

Canadian Mortgage Professional

A decision to axe stress test requirements for uninsured mortgage renewal switches to a new lender came into effect last week – but the change should have been applied to a wider swathe of lenders than just federally regulated institutions, according to a non-bank CEO.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Quinte West Fantasy of Lights

Celebrate the holiday season with dazzling light displays! Trenton Doug Whitney Fantasy of Lights and Frankford Christmas Fantasy are lighting up the nights from November 24 to January 1. Visit Fraser Park in Quinte West for the Trenton display and Frankford Tourist Park for the Frankford showcase.

A Midsummer Night’s Dream – Belleville

Experience the magic of A Midsummer Night’s Dream, one of Shakespeare’s most beloved comedies, at the Pinnacle Playhouse. Running from November 28 to December 15, enjoy evening performances from 7:30 to 10:00 or Sunday matinees from 2:00 to 4:30. Don’t miss this enchanting blend of romance, mischief, and humour!

Hastings & Prince Edward Prices Hold as Others Fall 🏠

Fri, 22 Nov 2024 20:37:45 GMT

October Benchmark Price, Rising Homebuyer Activity, Boosting Your Property Value & 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.

Hastings & Prince Edward Prices Hold as Others Fall ��

In this week’s YouTube video, I break down the October 2024 benchmark price data for Hastings & Prince Edward County, the Greater Toronto Area, and Canada as a whole. We’ll explore key trends, compare regional performance, and discuss what this means for today's market. Tune in for my take!

This is how much money you need to make to buy a house in Canada's largest cities

CTV News

The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data. Mortgage rates continue to decrease, and in a lot of cities across Canada, real estate prices have also been easing over the past few months.

Homebuying activity is on the up – but don't expect another boom yet

Canadian Mortgage Professional

October saw home resales across Canada post their biggest monthly gain since the end of last year – but is that uptick a flash in the pan, or a sign that the housing market is about to take off at last?

Boost Your Property Value: 7 Outdoor Upgrades That Deliver Maximum ROI

Canadian Real Estate Wealth

Looking to boost your property’s value? Your outdoor spaces hold untapped potential for significant returns on investment. Whether you’re planning to sell or rent, well-designed outdoor areas can dramatically increase your property’s market appeal and financial returns.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Enchanted Holiday Market

Discover the Enchanted Holiday Market in Downtown Belleville, a three-weekend Christmas celebration running November 29–December 15. Enjoy holiday vendors, carriage rides, and festive fun Fridays (5–8 PM) and weekends (11 AM–5 PM). Find something special for everyone on your list!

Fleetwood Nicks & Practically Petty

Enjoy an unforgettable night of music on Saturday, November 30, at 7:30 PM at the Maranatha Church Auditorium in Belleville! Fleetwood Nicks pays tribute to Fleetwood Mac and Stevie Nicks, while Practically Petty captures the spirit of Tom Petty and the Heartbreakers. Don’t miss this incredible double feature!

Higher Down Payment, Higher Rate? Here’s Why!

Fri, 15 Nov 2024 17:48:19 GMT

Insured vs. Uninsured Mortgages, Buyer's Markets, Consumer Insolvencies & 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.

Higher Down Payment, Higher Rate? Here’s Why!

Curious about insured vs. uninsured mortgages? This week on YouTube, I break down the differences and reveal why a bigger down payment doesn’t always mean a better rate. Don’t miss my insights!

These are the best buyers' markets in Canadian real estate — for now

Financial Post

If you looking to buy a home in Toronto, now might be the time, according to a new study — but don’t wait too long. According to online realtor Zoocasa, Canada’s largest city has the lowest sales-to-new listings ratio among the country’s major centres. Zoocasa analyzed markets across Canada based on these ratios, using September data from the Canada Real Estate Association.

Pros and cons of a 10-year fixed mortgage: Is stability worth the cost?

Canadian Mortgage Trends

While the vast majority of homeowners opt for the familiar 5-year fixed term, a tiny percentage of Canadians prefer the stability that comes with locking in a 10-year rate. In an unpredictable world where interest rates fluctuate, a 10-year fixed mortgage can offer peace of mind with long-term, stable payments. However, this product comes with trade-offs, like slightly higher interest rates and potentially large prepayment penalties.

Canadian Consumer Insolvencies Continue Climbing Towards New Highs

Better Dwelling

Highly indebted Canadian households are seeking a lot more creditor relief than usual. Office of the Superintendent of Bankruptcy (OSB) data shows insolvency filings made a big uptick in September. It was actually such a big uptick that it came in as the third-worst September in at least 40 years. It’s a general trend that’s been observed throughout 2024, which indicates a bigger problem than most realize.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Festival of Lights

Take in the sights and sounds of the holiday season at the Belleville Festival of Lights! This beloved annual tradition features all kinds of beautiful lighting displays at Jane Forrester Park – now through Jan. 6.

Side Hustle XMAS Market

Join Venue 1906 for their fifth annual pop-up! Enjoy free entry while browsing a variety of local vendors, including vintage finds, apothecary items, silkscreen and prints, skin care, bath and body products, ceramics, and artwork.

Strong October Real Estate Stats! 📈

Fri, 08 Nov 2024 20:01:04 GMT

October Stats, Immigration Cuts, Mortgage Delinquencies & 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.

Strong October Real Estate Stats! ��

In this week's YouTube video, I discuss the October 2024 residential real estate stats for Belleville, Quinte West and Prince Edward County, reviewing new listings, number of sales and median sale price. Tune in for my analysis of the data!

Has Canada's housing market hit a turning point?

Canadian Mortgage Professional

After months of muted activity, Canada’s housing market may be shifting gears as interest rate cuts fuel buyer demand and lift home sales across the country. RBC Economics reported a notable rise in home resales for October, with early data from local real estate boards showing strong gains in major cities from September levels.

Recent Immigration Cuts Could Lower Rents, Shrink Housing Supply Gap

Storeys

Last week, the federal government announced it will be cutting immigration in response to mounting economic pressures, including the cost and availability of housing. This move from the feds would involve lowering the cap on permanent residents and introducing controlled targets for temporary residents.

Risks loom in the mortgage market as renewals and delinquencies rise

Financial Post

Hairline cracks are showing in a mortgage market that has held up remarkably well through a dizzying climb in interest rates and the economic slump that followed. The Canada Mortgage and Housing Corp.‘s fall report out yesterday said mortgage delinquencies — though still well below pre-pandemic levels — are rising and likely will continue to climb next year when more than a million borrowers face renewals.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Christmas Market – St. Thomas Belleville

Join St. Thomas Anglican Church on November 16th from 10:00am to 3:00pm for a Christmas market! Sewing, knitting, home baking, preserves, gift baskets, vendors, Christmas crafts—something for everyone!

Belleville’s Santa Claus Nighttime Parade

On Sunday November 17th from 4:30pm–7:00pm, enjoy Belleville's Santa Claus Parade! The route runs along Bridge Street West to East – beginning at Sidney Street and ending at Herchimer Avenue.

Big Changes Coming to Canadian Mortgage Amortizations!

Fri, 01 Nov 2024 17:51:04 GMT

Canadian Mortgage Changes, Young Homebuyers, Down Payment Assistance & 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.

Big Changes Coming to Canadian Mortgage Amortizations!

Check out this week’s YouTube video, where I break down the latest changes to Canada’s mortgage rules and what they mean for the future of the real estate market. Don’t miss my insights!

Is a big mortgage market shift underway? Lending giants weigh in

Canadian Mortgage Professional

After facing a barrage of interest rate hikes throughout 2022 and 2023, Canadians are slowly becoming accustomed to the recent trend of falling rates – although its likely impact on the housing and mortgage markets remains unclear.

'Unwavering' determination: Majority of young Canadians say they plan to buy a home in the next five years

Financial Post

More than half of generation Z and millennials are planning to buy a home within the next five years, despite housing market challenges and an apparent decline in young homeowners, according to the latest Scotiabank Housing Poll.

What you need to know before helping your child with a home down payment

The Globe and Mail

With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers. That’s why a growing number of parents look to help by gifting cash.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Christmas Market – Trenton

Join the Grand Trunk Market and Marshland Creations for a Christmas Market on November 9th, 10th, 16th, 17th, 23rd and 24th at 28 McMaster Road, Trenton. Home made preserves, crafts, antiques and fun for the whole family!

Something From Nothing (Foo Fighters Tribute)

Something From Nothing is proud to perform LIVE at The Smokin’ 116 Bistro on Saturday November 9th at 9 pm. Three hours of Foo Fighters hits, don’t miss out. Mark your calendars and get ready for an epic evening of rock!

Jumbo Cut Confirmed ✂️

Fri, 25 Oct 2024 19:11:27 GMT

BOC Rate Announcement, New Immigration Plans, Weak Markets & 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.

Jumbo Cut Confirmed ✂️

In this week’s YouTube video, I break down the key takeaways from the Bank of Canada’s October 23rd meeting, where they announced a significant 50 basis point cut to the overnight rate. Tune in for insights on how this decision could impact the market!

Variable mortgage rates are falling, but fixed rates aren’t ready to follow suit

Financial Post

Bond traders nailed Wednesday’s 50 basis point Bank of Canada rate cut like a Vegas bookie who knows the fix is in. Canada’s lowest nationally advertised variable rates are now down to 4.70 per cent (insured) and 5.10 per cent (uninsured). Compare those to the lowest publicly quoted fixed rates, which are five-year terms at a so-so 4.09 per cent (insured) and 4.64 per cent (uninsured) .

New immigration plan aims to stabilize population growth, housing market: minister

CBC News

The federal government's new immigration levels plan will stabilize population growth and relieve pressure on the housing market, Immigration Minister Marc Miller said Thursday. As CBC News reported Wednesday, the government is cutting the projected number of new permanent residents from 485,000 this year to 395,000 in 2025, with further cuts to 380,000 in 2026 and 365,000 in 2027.

Toronto & Vancouver Are Now The Weakest Real Estate Markets In Canada

Better Dwelling

Canadian real estate seems boring these days, but dramatic demand shifts are occurring. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell in September. At the national level, the drop was only slight but the composition shift was very unexpected. Booming cities like Calgary are now seeing the demand balance weaken at the fastest rate in the country, and cities where the primary employer is government are suddenly tightening. It’s Toronto and Vancouver that are producing the most surprising data though—typically the hottest markets in the country.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Halloween House Hop 2024 – Belleville

Get into the Halloween spirit with Belleville’s House Hop! Drive around town to explore the most creatively decorated homes, featuring eerie yard displays and chilling light shows. Don’t miss this haunted journey through Belleville’s spookiest spots!

Mega Fall Sale – Trenton

Vivacious Clothing and Sox it to Me are hosting the 5th annual Mega Fall Sale including 16 local businesses! Come by Trenton High School on November 2nd and 3rd to get great deals and one of a kind gifts from their artisan vendors.

Jumbo Rate Cut Incoming ✂️

Fri, 18 Oct 2024 16:14:56 GMT

September CPI, National Housing Figures, Mortgage Changes & 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.

Jumbo Rate Cut Incoming ✂️

In this week's YouTube video, I dive into the newly-released Consumer Price Index (CPI) data for September 2024. With Canada's annual inflation rate cooling to a surprising 1.6% year-over-year, a significant rate cut could be on the horizon at the Bank of Canada's October 23rd meeting. Tune in for a review of the data and my analysis!

'Ho-hum' national housing figures in September sign that buyers want more rate cuts

Financial Post

National home sales increased marginally in September, following the Bank of Canada’s third interest rate cut of the year. This marked the third consecutive month of gains, as lower borrowing costs provided some added incentive for buyers. However, sales continued to be outpaced by new listings, leading to a surplus of properties on the market.

Ottawa’s mortgage changes will be a ‘double-edged sword,’ TD economist warns

Global News

Ottawa’s proposed mortgage changes may well give first-time homebuyers a near-term boost in affordability, but could also stoke vulnerabilities in the Canadian economy, a TD Bank economist argues.

What to consider before using your home as a source of rental income

The Globe and Mail

Amanda Kelly bought a pre-war single-family home in Barrie, Ont., in 2019 specifically for its potential to generate revenue. At the time, she was a government employee and wanted to find a home with a big backyard for her two rescue dogs. However, she knew that affording a traditional single-family home on her own would be a challenge.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Fall Tree Planting Event @ Sonny Belch Park

The Quinte Field Naturalists (QFN) and Rotary, in partnership with Tree Canada, Belleville Home Building Centre & Bayview Home Hardware, is planning a 2 day fall planting event at Clifford Sonny Belch Park. The public planting events are scheduled for Friday October 25 and Saturday October 26, 9am to Noon. Volunteers are encouraged to attend.

Fall Yard Sale – St. Matthews

On October 25 & 26 from 9–2, Join St. Matthew’s United Church for their annual Fall Yard Sale! Browse through a wide selection of items, from jewelry to antiques, and find great deals. Donations are welcome and can be dropped off every Wednesday and Thursday from 9:00 a.m. to 1:00 p.m. Please bring your own bag.

Have Fixed-Rate Mortgages Hit Their Lowest Point?

Sat, 12 Oct 2024 12:48:04 GMT

Housing Affordability, Surging Condo Supply, Missing Buyers & 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.

Have Fixed-Rate Mortgages Hit Their Lowest Point?

With aggressive cuts from Bank of Canada priced into the market, have fixed rates reached their lowest point? Tune in to learn how falling interest rates are impacting the housing market!

The worst of a historic home affordability crisis may be behind us

Financial Post

Finally some good news on the home affordability front. According to the Royal Bank of Canada‘s measure, it took 59.5 per cent of the median household income to own a home in this country in the second quarter. And while that might sound like a lot, it’s down from 63.7 per cent at the end of 2023.

Canada’s condo supply is surging — and it’s not just in Toronto

Global News

Hopeful Canadian homebuyers may well have their pick of the litter when it comes to condos in many housing markets across the country, a new report from Re/Max Canada shows. The national brokerage said in its national condo outlook released Wednesday that listings in this segment of the market have “soared” in recent months.

Canada's housing supply is surging, but where are the buyers?

Canadian Mortgage Professional

New listings continued to climb in nearly all of Canada’s major real estate markets this September, except for Montreal, according to a recent report from Royal Bank of Canada (RBC). This influx of inventory has helped relieve some of the pressure on supply, but buyer activity remains relatively sluggish. This dynamic left many markets in a state of pause as high interest rates weigh on affordability, said RBC economist Rachel Battaglia.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Gallery 121 – 2024 Fall Show

Gallery 121 is delighted to present their Fall Show with guest artists Jacquelin Morin and James Walt on October 19 from 10:00 am - 4:00 pm.

Local Author Fair

Meet authors from the Bay of Quinte region! Some authors will have books available for purchase. Light refreshments will be served.

The Market Holds Steady into Fall 🍂

Sat, 05 Oct 2024 13:51:06 GMT

September Stats, Rent-to-Own Homes, Boost in Home Renos & 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.

The Market Holds Steady into Fall ��

In this week's YouTube video, I discuss the September 2024 residential real estate statistics for the Belleville, Quinte West and Prince Edward County regions, reviewing new listings, number of sales and median sale price. Tune in for my analysis of the data!

U.S. jobs bonanza slams the brakes on falling mortgage rates in Canada

Financial Post

Just when experts thought the U.S. economy was ready for a lullaby, it wakes up like a fire alarm at 3 a.m. We saw it Friday morning as the U.S. added an estimated 254,000 jobs in September. That’s over 100,000 more than predicted, and despite the inevitable revisions, it’s not what you would expect in an economy needing sizeable monetary support.

In Canada’s hot small-city housing markets, rent-to-own is on the rise

The Globe and Mail

In 2020, Amanda Core and Brad Robinson made a huge life change. Presented with the opportunity to run a First Nations eco-tourism business, they relocated with two of their children from Thunder Bay to Sault Ste. Marie. The house-hunt began.

Boost in home renos is helping drive up housing values in major markets: report

Building

A new report says a boost in spending on home renovations during the pandemic has helped contribute to higher prices for single-family homes despite downward market pressure. The report by Re/Max Canada looked at the evolution of housing stock and trends affecting home values in the Toronto and Vancouver areas, Canada’s two largest real estate markets.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Halloween Spooky Walkthrough

Are you brave enough to face Homestead Marketplace's spine-chilling Halloween maze? Open every Friday and Saturday through October starting October 11, their haunted walk-through will send shivers down your spine as you encounter creepy surprises around every corner!

Quintelicious Belleville

Quintelicious offers special curated prix-fixe menus highlighting the bounty of Belleville. Treat yourself to an elevated dining experience featuring exceptional restaurants in Belleville. Quintelicious 2024 will be held from Wednesday, October 9 to Saturday, October 26, 2024 at various restaurants in Belleville.

📉 Big Rate Cuts Coming?

Sat, 28 Sep 2024 11:32:36 GMT

August CPI, First-Time Homebuyer Challenges, New Mortgage Rules & 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.

Big Rate Cuts Coming? Inflation Hits Record Low Since 2021!

Inflation just dropped to 2%—the lowest since 2021! And with a potential rate cut on the horizon, lenders are slashing mortgage rates to the low 4% range. Could this be the perfect time for first-time buyers and investors to jump back in? Tune in to find out what this means for the real estate market!

Rising housing prices aren't the only thing pushing first-time homebuyers away

Financial Post

Housing affordability challenges have been dominating Canada’s political discourse and media channels, but it turns out that it’s not all due to soaring home prices and rents, according to a more nuanced picture painted by Statistics Canada.

Canada's new mortgage rules ease access to housing – but at what cost?

Canadian Mortgage Professional

The federal government has unveiled details of its latest mortgage reform plan, making it easier for first-time homebuyers and those purchasing new builds to enter the housing market. These changes, which take effect on December 15, will allow for smaller down payments and longer mortgage terms, but they come with significant trade-offs, including higher overall costs for borrowers.

What do Canadians want most in a home? Buyers still dream of renovated, suburban single-family houses

Real Estate Magazine

A new survey from Wahi that explored what type of home Canadians would most like to buy reveals that many homebuyers still dream of owning a renovated single-family home in the suburbs, despite ongoing affordability challenges.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Oktoberfest @ Meyers Creek Brewing

Meyers Creek Brewing will be hosting their second annual Oktoberfest festivities on Saturday, October 5th! Beer, food, music and games—what more could you ask for?

Paint, Sip & Selfie

On Saturday October 5th, Lavish Studio Creations and SERNA Custom Artwork are hosting a guided painting session with Quinte's top instructor, along with drinks, snacks, and memorable moments in their selfie studio.

Benchmark Price is Rising and Falling 📊

Sat, 21 Sep 2024 11:35:55 GMT

August Benchmark Price, Luxury Real Estate, Flat Market Activity & 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.

Benchmark Price is Rising and Falling ��

In this week's YouTube video, I review the Benchmark Price data for August 2024, comparing our local market to the GTA and Canada. Tune in for a review of the data and my take!

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

Financial Post

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

Realtor.ca Blog

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

Canadian Mortgage Professional

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.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

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.

How's the Market Heading Into Fall? 🍂

Fri, 13 Sep 2024 17:45:02 GMT

August Market Stats, Canada's Rising Savings Rate, Transparent Markets & 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.

How's the Market Heading Into Fall? ��

In this week's YouTube video, I discuss the August 2024 residential real estate statistics for the Belleville, Quinte West and Prince Edward County regions, reviewing new listings, number of sales and median sale price. Tune in for my analysis of the data!

How higher savings rate might not save Canadians from the mortgage cliff

Financial Post

There’s an idea out there that Canada’s rising savings rate could buffer homeowners from the looming challenge of higher mortgage payments. The numbers look encouraging. The savings rate hit 7.2 per cent in the second quarter, up from 6.7 per cent in the first and far above the 2 per cent average in 2019, and some have interpreted this as a sign that homeowners are putting money away to deal with higher mortgage payments to come.

Canada ranks as one of the world's most transparent real estate markets

Canadian Mortgage Professional

Canada has been recognized as one of the most transparent real estate markets in the world, according to a new report by JLL. The country ranked fifth in the JLL Global Real Estate Transparency Index 2024, which assesses openness, integrity, and credibility in real estate markets.

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

CTV News

A new report says August rental rates fell in some of Canada's largest and priciest markets to continue a months-long trend, while prices rose in smaller markets. The report from Rentals.ca and Urbanation finds the average Vancouver rental rate was down six per cent from last year to $3,116 for the ninth straight month of declines, while Toronto rents fell seven per cent to $2,697 for the seventh month of retreat.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Hops on the Water Craft Beer Festival

Hops on the Water is an all-ages, one-day, family-friendly festival featuring specialties from local craft breweries, beverage makers and food vendors from the Bay of Quinte region and surrounding area.

BoneHead Events – Vendors Unleashed!

Vendors Unleashed, a vibrant vendor show hosted by BoneHead Events, showcases an array of hand-crafted and unique items from talented local sellers.

BOC Slashes Rates for Third Consecutive Time ✂️

Fri, 06 Sep 2024 20:22:15 GMT

BOC Rate Announcement, Property Assessments, Delayed Retirement & 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.

BOC Slashes Rates for Third Consecutive Time ✂️

In this week's YouTube video, I review & discuss the Bank of Canada's September 4th decision to reduce the overnight lending rate by 25 basis points to 4.25%. This decision marks the third consecutive rate decrease since the onset of the pandemic, potentially paving the way for additional cuts in the coming months. Tune in for my analysis!

Bank of Canada decision reaction: Are even bigger rate cuts on the way?

Canadian Mortgage Professional

There were no surprises in the Bank of Canada’s decision to lower its benchmark interest rate yet again in yesterday’s announcement – but the door could be open for the central bank to be even more aggressive in cutting rates in the coming months.

Ontario property assessments have been paused for years, and who knows when they'll resume

CBC News

The Municipal Property Assessment Corporation (MPAC) used to assess every single property in Ontario every four years, but the provincial government put that process on hold when COVID hit — and it's not clear when it will begin again.

StatCan: Rising mortgage debt could delay retirement for Canadians

Canadian Mortgage Professional

Rising mortgage balances and higher interest rates are making it harder for some to retire as planned, according to new data from Statistics Canada (StatCan). The national statistics agency’s report showed that in 2023, more than one in eight Canadians – or about 13.1% of the population – were aged 55 to 64, putting them on the cusp of retirement. However, financial pressures may force many to delay this milestone.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Acoustic Lunch

Come to Pop-Ups on the Bay every Friday from 12:00pm-1:30pm to enjoy an acoustic performance and purchase food from one of their food vendors!

Taste! Community Grown

Taste! Community Grown at Parsons Brewery is a wonderful opportunity to celebrate local farmers, growers, makers, producers, purveyors, chefs and more!

Is Your Property Tax Too High?

Fri, 30 Aug 2024 18:22:54 GMT

Property Taxes, Public Lands, Provincial Planning Policy & 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.

Is Your Property Tax Too High?

This week on YouTube, I break down how MPAC determines your property taxes and show you how to request a reassessment if you think you're paying too much. Tune in for my tips and insights!

Canada frees up public lands to tackle housing shortage

Financial Post

Prime Minister Justin Trudeau’s government identified 56 federal properties, representing the size of about 2,000 hockey rinks, where hundreds of new affordable homes could be built to counter the scarcity of available land worsening a housing shortage.

Ontario Quietly Invokes Major Change To Provincial Planning Policy

Storeys

When announcing Ontario's new Provincial Planning Statement this week, Minister of Municipal Affairs and Housing Paul Calandra emphasized that it has been pared down considerably from its previous 2020 version. “It is over 100 pages shorter, and it eliminates over 30,000 words of administrative burden,” Calandra said when speaking at the annual Association of Municipalities of Ontario conference on Tuesday.

Young Canadians prioritize homeownership over traditional milestones: RBC/Houseful

Real Estate Magazine

Despite a challenging housing market and affordability issues nationwide, many (38 per cent) of Canada’s prospective first-time buyers under 30 are prioritizing homeownership over other life milestones, like weddings, a recent survey from RBC company, Houseful, shows. For those over the age of 30, this was 18.4 per cent.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Downtown Blues Festival

Immerse yourself in the rich, vibrant rhythms of blues music as we celebrate the annual Belleville Downtown Blues Festival on September 6th and 7th.

Doors Open Belleville

Get a behind-the-doors look at some of Belleville’s most well-known landmarks and facilities during Doors Open on Saturday, Sept. 7 from 10 a.m. to 4 p.m.

CPI Decelerates to 2.5%

Sat, 24 Aug 2024 12:35:11 GMT

July CPI, Interest Rate Bets, Multiplexes & 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.

CPI Decelerates to 2.5%

In this week's YouTube video, I discuss the Consumer Price Index (CPI) data for July 2024, analyzing what these numbers reveal about the current state of the housing market and the economy in general, as well as what we can expect moving into the fall. Tune in for my take!

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

Global News

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

Real Estate Magazine

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

Storeys

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.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

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.

Prices Are Trending Down 📉

Sat, 17 Aug 2024 12:29:36 GMT

Falling Home Prices, Buyer's Markets, Backyard Renovations & 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.

Prices Are Trending Down ��

In this week's YouTube video, I review the Benchmark Price & House Price Index (HPI) data for July of 2024, comparing our local markets to the GTA and Canada. Tune in for a review of the data and my take!

Housing market tilts in buyers' favour as sales soften and new listings rise

Financial Post

After showing early signs of renewed momentum in June, Canada’s housing market took a step back last month, according to recent data from the Canadian Real Estate Association (CREA). After the Bank of Canada began cutting interest rates for the first time since 2020, there was optimism the real estate market was on the path to recovery. However, the latest figures suggest the resurgence may be slower than expected.

‘Spotty’ summer could be followed by ‘friendlier’ fall for homebuyers

Global News

The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows. Despite a “spotty” summer in residential real estate, experts who spoke to Global News expect lower borrowing costs will bring many buyers back into the fold this fall as pockets of affordability open up in some markets across Canada.

Backyard Renovations: How to Deal with a Sloped Yard

Realtor.ca Blog

Sloped backyards—where the yard dips either towards or away from your home—are a common sight in backyards across Canada. While many homeowners enjoy the sight of a gently rolling grassy slope, a sloped backyard can pose a unique set of challenges when you want to do some landscaping or renovations, such as adding a shed, fence, patio, or garden, or contemplating a significant reno like installing a pool or adding an extension onto your home.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Buskerfest – Downtown Belleville

Downtown Belleville is gearing up to host its second Buskerfest, an extraordinary event that promises a dazzling array of performances by world-class entertainers, alongside many local talents. This vibrant festival is set to captivate audiences of all ages, showcasing the unique artistry of busking while creating an electric atmosphere that celebrates creativity, skill, and community.

Belleville Dragon Boat Festival 2024

The Belleville Dragon Boat Festival will be taking place on Saturday August 24, 2024 at Victoria Park in Belleville! This year, a portion of proceeds will be going to support Gleaners Food Bank (Quinte) and the Salvation Army. Dragon boat club teams and teams from the local community are all welcome to participate in the fun!

The Dog Days of Summer ☀️

Sat, 10 Aug 2024 11:48:40 GMT

August Market Forecast, New Homebuyer Protections, Attainable Homes & 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.

The Dog Days of Summer ☀️

In this week's YouTube video, I review patterns in sales volume across the Belleville, Quinte West & Prince Edward County markets over the first week of August, forecasting what this might mean for the type of markets we can expect moving into fall. Tune in for my take!

Ford government looking to fine-tune recently passed protections for new homebuyers

The Trillium

Premier Doug Ford's government is seeking input on how to bring into force recently passed protections for purchasers of new homes. Until Sep. 16, Ontario's Ministry of Public and Business Service Delivery and Procurement will accept feedback from the public on how to implement a "cooling-off" period on purchases of new freehold homes and new transparency requirements for builders.

New homes made ‘attainable’ with ready-to-rent additions

The Globe and Mail

Years into a housing affordability crisis in Canada a new buzzword is starting to make the rounds for developers of new-build homes: attainable. With mortgage costs remaining high despite recent interest rate cuts, and prices stubbornly high in even small markets, real estate developers like Sean Mason are using the term “attainable” to describe features that might make it easier for a buyer to commit to a preconstruction contract.

Easing the Transition: Leaving Your Home for the Next Owners

Realtor.ca Blog

Canada is known for its almost overarching politeness, and that can carry over into the real estate realm, too. Amidst all the bustle of selling your home, buying another, and planning the move, sellers may wonder how to best leave their home for the next owners. Some of this is already decided as part of your deal with the buyers, but maybe you want to pass on some additional handy tips you’ve learned about your home?

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Caribbean Festival – Downtown Belleville

Get your groove on and join the lively street parade, where participants clad in vibrant costumes and feathered headpieces showcase the exuberance of Caribbean culture. Don’t miss the opportunity to embark on a Caribbean adventure right in the heart of Downtown Belleville!

Family Fun Fest – A Celebration for International Youth Day

Family Fun Fest is a fundraiser for all ages to enjoy, in support of the Quinte West Youth Centre and as a celebration for international youth day. A few of the attractions you will find include axe throwing, a bouncy castle, face painting, yard games, live music, foam party, food trucks, youth base services and more.

Has the Market Turned a Corner in July? 📈

Fri, 02 Aug 2024 19:39:46 GMT

July Stats, 30-Year Mortgages, First-Time Buyers & 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.

Has the Market Turned a Corner in July? ��

In this week's YouTube video, I discuss the July 2024 residential real estate statistics for the Belleville, Quinte West and Prince Edward County regions, reviewing new listings, number of sales and median sale price. Tune in for my analysis of the data!

Liberal plan for 30-year mortgage amortizations kicks in. Here’s who qualifies

Global News

Some Canadians looking to break into the housing market are now able to get 30-year mortgages, a bid from the Liberal government to make owning a home feel more affordable. Experts who spoke to Global News say that while some homebuyers are likely to see their borrowing power increase because of the new regime, the overall impact on housing affordability is likely to be limited.

How to help first-time buyers get a footing on the property ladder

The Globe and Mail

In the first year of the pandemic, the number of first-time homebuyers in Vancouver increased by 51 per cent over a two-year period, driven by the ultra low interest rate. There were 1,530 first-time purchasers in 2018 and by the end of 2020, there were 2,315, according to Canadian Housing Statistics Program data analyzed by Prof. Andy Yan, director of Simon Fraser University’s City Program.

What Do Home and Tenant Insurance Cover?

Realtor.ca Blog

Like most other types of insurance plans, home, condo, and/or tenant insurance can help you feel secure knowing you have safety nets in case of unforeseen circumstances. Before closing on a mortgage for the purchase of a home or condo, most lenders require proof of insurance—and the same can be true when you’re renting. Landlords may require that tenants provide proof of tenant insurance before going ahead with a lease.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

LIVE MUSIC: Kyle Moning @ Meyers Creek Brewing

Raised in small town Caledonia, Ontario, Kyle is an independent singer-songwriter who writes captivating original songs that will have you tapping your feet, bobbing your head and humming along.

The Great Summer Carnival – Quinte West

Looking for the perfect way to soak up the last few weeks of summer and enjoy a little more fun in the sun? The City of Quinte West has you covered with a brand new summer event in Centennial Park!

BoC CUTS Rates—With More to Come?

Fri, 26 Jul 2024 20:27:59 GMT

BoC Rate Cut, Homebuyer FOMO, Canada's Best Communities & 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.

BoC CUTS Rates—With More to Come?

In this week's YouTube video, I delve into BoC's July 24th press conference where they announced their decision to cut the overnight rate again by 25 basis points. I discuss how this may or may not impact the market moving forward, and whether additional rate cuts are to be expected. Tune in for my take!

How Bank of Canada's rate cut will affect real estate markets, according to experts

Financial Post

On Wednesday, the Bank of Canada cut its benchmark interest rate by 25 basis points for the second time this year, bringing it down to 4.5 per cent, its lowest since April 2023. The move was widely expected by economists, who are forecasting further cuts through 2024 and possibly into next year. Here’s what experts have to say about the impact of the cuts on Canada’s real estate markets.

Homebuyer FOMO Starts to Pump Up Canada’s Real Estate Market

Bloomberg

Canada’s interest-rate cut — the first among Group of Seven economies — has jump-started the country’s housing market. Buyers and sellers are striking more deals, pushing the benchmark price for a home up in June for the first time in 11 months. Sales rose for the first time since January.

Canada’s best places to live: The ideal community for every type of buyer

Real Estate Magazine

In Canada, conversations about the housing market often centre around price, which is a key determinant for many buyer decisions. Many households have trouble getting into the market, considering the national average home price was $696,179 in June. That being said, finding the right place to live involves more than just cost.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Parrott Gallery - Whispers of the Wild

Parrott Gallery welcomes Lisa Ferguson’s exhibit Whispers of the Wild. As one of the Parrott Shop artists, many will recognize Lisa’s engaging illustrative style in her mixed media pieces.

Belleville Lions Club Concerts on the Bay

Enjoy FREE concerts every Wednesday and Sunday this summer at West Zwick’s Park hosted by the Lions Club of Belleville!

Benchmark Price DOWN For The First Time in 2024 ⬇️

Sun, 21 Jul 2024 20:47:31 GMT

June Benchmark Price, Canadians Staying Put, Solo Home Ownership & 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.

Benchmark Price DOWN For The First Time in 2024 ⬇️

In this week's YouTube video, I review the Benchmark Price & House Price Index (HPI) data for June of 2024, comparing our local markets to the GTA and Canada. Tune in for a review of the data and my take!

Many Canadians Do Not Plan to Move Within the Next Year: Study

Building Magazine

The 2024 Canadian Homeowner Renovation Report by Angus Reid in partnership with Financeit Canada Inc., has revealed that a majority of Canadian homeowners are planning to stay in their current homes over the next year. Despite the Bank of Canada (BOC) cutting the key interest rate in June for the first time since March 2020, the data from the report indicates that people are still cautious about making big financial decisions such as purchasing a new house.

For young people, the fastest route to home ownership runs through the trades

Financial Post

Unless you’ve invented the next big thing in your garage, you typically have three paths: a four-year degree, college, or learning a skilled trade. If your goal is to buy a home sooner in Canada’s wallet-draining housing market — and you don’t mind an honest, hands-on job — give the trades a serious look.

A major shift: Solo homeownership on the rise among Canadians

Real Estate Magazine

Buying a condominium might be easier than purchasing a single-family home, especially for first-time buyers. Traditionally, two incomes are better for achieving homeownership dreams. However, a new trend is emerging among Canadian homebuyers, as a recent Point2 survey reveals.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Jazz Festival

It’s time to bust a move, Belleville, and put some sizzle in your summer. The sounds of New Orleans, New York, and Havana are coming to you as Belleville hosts its 3rd annual Jazz Festival from July 26th through 28th.

Homestead Farmers' Market

A regional Sunday market with farmers, food and beverage producers, makers, and artisans. Stop by and connect with local vendors, pick up something fresh, and discover something new and unique.

2024 Sales Volume 👎

Fri, 12 Jul 2024 17:56:38 GMT

Low Sales Volume, Land Value Tax, Liveable Neighbourhoods & 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.

2024 Sales Volume ��

In this week's YouTube video, I delve into the persistent trend of low sales volume in our market, outlining five key factors contributing to this ongoing phenomenon. Tune in for my thoughts!

Canada's housing obsession feeding into productivity slump, report says

Financial Post

Canada’s poor productivity is the result of a lack of investment in business and technology while investment in housing has soared, says a new report from the Fraser Institute. The think tank’s report, which compares investment in Canada and the United States, found that over the past two decades capital investment in Canada was greater than in the U.S. “relative to the size of the economy.”

Is a land value tax the solution to Canada's housing crisis?

Canadian Mortgage Professional

Canada's housing crisis is a complex issue, but Redfin’s chief economist believes there's a clear solution: a land value tax (LVT). Median home prices in Canadian metropolitan areas have hit $788,000 and skyrocketed to $1.17 million in Toronto, putting homeownership out of reach for many Canadians and straining renters' budgets, according to Daryl Fairweather.

Canadians’ top neighbourhoods for quality of life and liveability: Re/Max

Real Estate Magazine

Canadians are highly satisfied with their neighbourhoods, with 86 per cent expressing satisfaction with their quality of life and liveability, and 50 per cent liking it a lot, Re/Max’s 2024 Liveability Report found. Prairie province cities, like those in Alberta and Manitoba, lead the list with some of the most liveable neighbourhoods in Canada. Their relative affordability, combined with access to amenities like green spaces, restaurants, schools, health services and cultural spaces, boost their liveability rankings.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Empire RockFest

Belleville’s biggest live concert series of the year is back, featuring Dallas Smith, Aaron Pritchett, Robyn Scott, The Beaches, Dizzy, Luscious, Alan Doyle, Matt Andersen & The Big Bottle of Joy, and Dead Root Revival from Thursday July 18–Saturday July 20.

Downtown Trenton's Festival on the Bay

The Festival On the Bay showcases a variety of activities such as a three-day sidewalk sale, food vendors, Art in the Park, a splendid fireworks show, live musical performances, Dragon Boat Racing and numerous other attractions.

How Rate Cuts Impacted the June Market ✂️

Fri, 05 Jul 2024 18:40:01 GMT

June Residential Stats, Housing Price Woes, Homes with Pools & 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.

How Rate Cuts Impacted the June Market ✂️

In this week's YouTube video, I delve into the June 2024 residential real estate statistics for Belleville, Quinte West & Prince Edward County, focusing on new listings, number of sales and median sale price. Tune in for a review of the data and my take!

One-third of Canadians considering leaving their province due to house prices: Poll

Toronto Sun

A new Angus Reid poll says 39% or two in five recent immigrants — defined as those who have lived in Canada less than a decade — are considering leaving their province or even the country due to high housing prices. The survey also says 28% or three in 10 Canadians overall are considering relocating from their current province.

"On Hold": June Rate Cut Fails To Revive Toronto’s Housing Market

Storeys

Although June kicked off with a Bank of Canada interest rate cut, Greater Toronto Area (GTA) home sales failed to pick up in the way that some experts had forecasted they would. According to new figures from the Toronto Regional Real Estate Board (TRREB), there were just 6,213 home sales through the MLS® System in June 2024, a figure that is 16.4% below the June 2023 level of 7,429 sales.

What to Think About When Buying a Home With a Pool

Realtor.ca Blog

Between soaring summer temperatures and record heat waves becoming more common in nearly every part of Canada, who hasn’t dreamed about having a big, beautiful pool right in their own backyard? But while a pool can be a private oasis during those hot summer days, if you’re considering buying a home with a pool, there are a few things you may want to think about before you dive in.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Waterfront Multicultural Festival

The Belleville Waterfront Multicultural Festival is a free admission, four-day festival held at West Zwick’s Park in July, featuring midway rides, a multicultural food village, artisan vendors, mainstage concerts, entertainers and buskers.

Friday Empire LIVE at The Smokin’ 116 Bistro

Hold Your Horses on the July Rate Cut 🐴

Fri, 28 Jun 2024 18:25:31 GMT

May CPI Data, Population Growth, Canada Day Events & 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.

Hold Your Horses on the July Rate Cut ��

In this week's YouTube video, I review the May 2024 Consumer Price Index (CPI) data and discuss why a July rate cut may not be in the cards. Tune in for my take!

In British Columbia, parents are forking out $204,000 on average so their kids can buy a home

Financial Post

Parents giving money to their kids to buy a home took off during the pandemic when real estate went through the roof. But has today’s cooler housing market changed that? Not really, says a new study by CIBC Capital Markets economists Benjamin Tal and Katherine Judge. Since 2015, the share of first-time homebuyers who received financial help from family members rose from 20 per cent to 31 per cent, and though that trend has levelled off in recent years, it has not declined.

Canada's Population Could Hit 63M in 50 Years; Where Will Everyone Live?

Storeys

If you think cities like Toronto are crowded now, wait until 2073. By then, Canada’s population could skyrocket to 63 million, according to medium-growth projections from Statistics Canada (StatCan) that were released on Monday. Currently, the country’s population sits at 40.1 million (2023), says Canada’s national statistical agency. The report opens by highlighting a few dramatic realities.

Is Canada's housing market about to roar back into life?

Canadian Mortgage Professional

The last month of housing market activity before the Bank of Canada’s interest rate cut at the beginning of June saw sales remain muted, with homebuying sluggish in May. Recently released Canadian Real Estate Association (CREA) figures showed national home sales posted a marginal 0.6% climb in May over the previous month, with actual activity down 5.9% year over year and the MLS Home Price Index (HPI) dipping by 2.4%.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Canada Day

Come celebrate Canada Day at West Zwick’s Park on July 1, 2024! Free entertainment, live music, buskers, face painting, balloon art and fireworks.

Canada Day in Quinte West!

Celebrate Canada’s birthday on July 1 at Centennial Park. Enjoy family-friendly, familiar favourites such as the Trenton Lions Club pancake breakfast, vendor village and fireworks, and new activities this year.

Our Real Estate Market is Outperforming Toronto and Canada 🇨🇦

Fri, 21 Jun 2024 16:17:14 GMT

May Benchmark Price & HPI, Slow Markets, Homeownership Hopes & 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.

Our Real Estate Market is Outperforming Toronto and Canada ��

In this week's YouTube video, I delve into the Benchmark Price and House Price Index (HPI) figures for May 2024, covering Hastings & Prince Edward County, the Greater Toronto Area, and Canada. Join me for a review and analysis of the latest data!

Have interest rates forced Canadians to sell their homes?

Financial Post

Higher mortgage payments during the Bank of Canada’s tightening cycle have forced only a small number of Canadians to take drastic measures and sell their home. A survey released last week from the real estate website Wahi found that 11 per cent of homeowners planning to sell are doing so because of the cost of living, while 37 per cent are looking to downsize and 25 per cent are looking to upsize.

‘It’s crickets’: How sellers are getting creative in a slow housing market

Global News

A flood of listings in many Canadian housing markets is giving buyers who can qualify their pick of the litter and is forcing some sellers to get creative to land a deal. A glut of condos in Toronto, for example, means some sellers have to pull out unorthodox strategies to land one of the few prospective buyers in the market.

Renter Report Shows Young Canadians Have Not Given Up On Homeownership

Storeys

Despite stubborn financial hurdles, a new report from Royal LePage shows that many Canadians stuck in rental purgatory are still dreaming of homeownership, with younger-aged renters leading the charge.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Quinte International Air Show

The Quinte International Air Show takes over 8 Wing CFB Trenton on Saturday, June 29 and Sunday, June 30 with two full days of demos, performances and displays.

Night Kitchen Too – Acoustic Show

Night Kitchen Too provides a showcase for a diverse group of performers from the Quinte Region who present their music, poetry or spoken word on the stage of the Pinnacle Playhouse in the downtown core.

May Sales Volume Plummets 📉

Fri, 14 Jun 2024 19:14:24 GMT

Housing Starts, Rate Cut Response, Tabled Tax Changes & 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.

May Sales Volume Plummets ��

In this week's YouTube video, I review the May 2024 residential real estate stats for Belleville, Quinte West, and Prince Edward County. Despite it being a historically busy time of year, the impending Bank of Canada rate announcement seems to have significantly impacted sales volume in all three markets. Tune in for my thoughts and analysis of the data!

New housing starts mean $100,000 per home needed to fund infrastructure: report

Financial Post

As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says. The report, funded by the Canada Infrastructure Bank, estimated the average cost of infrastructure needed to support housing likely exceeds $100,000 for each newly built home.

Here’s how would-be homebuyers are responding to the Bank of Canada rate cut

Global News

The first interest rate cut from the Bank of Canada in more than four years will not be enough to help most prospective homebuyers feeling sidelined by high borrowing costs, new polling suggests. The Ipsos poll conducted exclusively for Global News after the Bank of Canada’s 25-basis-point rate cut on June 5 shows pessimism about housing affordability persists.

Liberals Table Capital Gains Tax Changes: Recreational Property Owners, Take Note

Storeys

The feds made their first major move on the capital gains tax front today. Deputy Prime Minister and Finance Minister Chrystia Freeland took the first legislative step toward increasing the inclusion rate on capital gains when she tabled a Notice of Ways and Means Motion in Parliament to implement the changes.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Downtown @ Dusk – Downtown Belleville

Downtown @ Dusk is Back to Celebrate the Summer Solstice with an Epic Street Party in Downtown Belleville. On Friday, June 21st from 4pm – 10pm head downtown to experience the summer solstice celebration on Front Street.

Thomas Mastin LIVE

Join The Smokin' 116 Bistro on Friday, June 21st at 8 PM for an unforgettable night with the talented Thomas Mastin as he performs his original music along with some unique twists on your favourite tunes.

My Prediction Was Wrong | BoC Cuts Rates ✂️

Fri, 07 Jun 2024 19:06:50 GMT

BoC Rate Cut, Commercial Real Estate Market Changes & 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.

My Prediction Was Wrong | BoC Cuts Rates ✂️

In this week's YouTube video, I delve into BoC's June 5th press conference where they announced their decision to cut the overnight rate by 25 basis points. I discuss how this may or may not impact the market moving forward into the summer. Tune in for my thoughts!

Can a single rate cut make waves in Canada’s housing market? What to know

Global News

The Bank of Canada’s first interest rate cut in over four years on Wednesday will have a “psychological” impact on the Canadian housing market, but will likely not be enough to meaningfully improve affordability, experts say. The Bank of Canada cut its key policy rate, which informs the rates Canadians pay on loans like mortgages, by 25 basis points to 4.75 per cent.

What the Bank of Canada rate cut means for mortgages, loans and investments

Financial Post

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here’s what it could mean for your finances.

Strong population growth, housing crisis drive major shifts in Canadian commercial real estate market: Re/Max

Real Estate Magazine

Strong population growth and housing supply issues are driving significant shifts in the Canadian commercial real estate market. Builders and developers are focusing on multi-family purpose-built rentals to address the housing shortage, a trend supported by incentives like the Canada Mortgage and Housing Corporation’s (CMHC) Apartment Loan Program, Re/Max Canada’s 2024 Commercial Real Estate Report notes.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Endless Summer World Long Drive Championship

Welcome to the Endless Summer event at Trillium Wood Golf Club! Get ready for 2 epic days filled with sunshine, music and a display of long drive golf that you will never forget. Join them to kick off the summer season in style as they welcome the best Long Drive athletes in the World including #1 ranked, Kyle Berkshire!

Father’s Day Craft and Vendor Sale

There will be a 2-day Father’s Day Craft Sale held at the Fish and Game Club 170 Elmwood Drive in Belleville on Saturday, June 15th and June 16th from 10am-4pm. There will be 50+ vendors attending along with different homemade items, an auction table will be available and a draw for a door prize, and there will be hamburgers there to purchase.

Bank of Canada Rate Announcement Prediction 🔮

Fri, 31 May 2024 20:03:50 GMT

BOC Rate Announcement, Housing Affordability, Exterior Home Maintenance & 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.

Bank of Canada Rate Announcement Prediction ��

In this week's YouTube video, I delve into the Bank of Canada's highly anticipated rate announcement set for June 5th, 2024. I share my insights and predictions on whether they'll hold steady or cut rates. Tune in for my take!

Trudeau wants to maintain home prices while pushing affordability. Is it possible?

Global News

The federal government is aiming to make housing affordable for younger Canadians while retaining property value for existing homeowners, Prime Minister Justin Trudeau said in an interview with the Globe and Mail. “Housing needs to retain its value,” Trudeau told The Globe and Mail’s City Space podcast last week. “It’s a huge part of people’s potential for retirement and future nest egg.” However, some experts argue that may not be easy to do.

Are Canada's major cities facing an exodus to more affordable alternatives?

Wealth Professional

The cost of living, and especially the cost of housing, in Canada’s major urban centres could drive many out to more affordable options, according to new research. Royal LePage commissioned a survey of residents in Toronto, Vancouver, and Montreal and found that 60% of renters and 45% of homeowners would consider a move to a more affordable alternative if they can find a job there or work remotely.

What do I need to know about the outside of my house? Here’s a checklist of essential tasks

Toronto Star

It’s the time of year to check on the state of the outside of your house. To take the best care of your home’s exterior, what do you need to do? Here’s a checklist.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Activities in the Park – West Riverside

Join the Quinte Sports & Wellness Centre on June 4 from 4–6pm for a free family-friendly event in the park to celebrate June Recreation and Parks Month and Seniors Month!

Pop-Ups on the Bay

Pop-ups on the Bay is back for the sixth season! Loads of great vendors, located on the beautiful Bay of Quinte. The 2024 season will run from May 31 through September 15th.

How Our Market is Stacking Up Against Toronto and Canada 🇨🇦

Sat, 25 May 2024 06:03:12 GMT

April Benchmark Price & House Price Index, Slow Spring Markets & 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.

How Our Market is Stacking Up Against Toronto and Canada ��

In this week's YouTube video, I delve into the Benchmark Price and House Price Index (HPI) figures for April, covering Hastings & Prince Edward County, the Greater Toronto Area, and Canada. Join me for a review and analysis of the latest data!

Spring should be a boom time for the housing market, it's not

Wealth Professional

In typical market conditions, we would be in the midst of a buoyant Canadian housing market with high demand boosting prices. But 2024 is not typical. With continued uncertainty about the Canadian economy and – for the housing market – whether mortgage rates will be eased by the start of interest rate cuts by the Bank of Canada, the spring housing market is sluggish and price rises are on hold.

Why Canada's biggest pension board is pulling back from real estate market

Canadian Mortgage Professional

The Canada Pension Plan Investment Board (CPPIB) is rethinking its long-standing strategy of heavily investing in real estate after taking a hit from the weaker office market. In its latest fiscal year through March, CPPIB recorded an 8% overall return and saw its total assets swell to CA$632 billion. However, that solid performance was dented by a 5% loss on its real estate holdings.

The State of Canada’s Cottage, Chalet, and Cabin Markets

Realtor.ca Blog

Not that long ago, Canadians were scrambling to purchase rural property to get away from congested cities, enjoy being outdoors, and find more room to breathe. After all, most people were working remotely, and most kids were being schooled virtually, too. Prices and sales soared, with properties being snapped up almost instantly. The landscape has shifted again—along with buyers’ wish lists. We asked REALTORS® in hot cottage markets what trends they’re seeing now.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Matthew Holtby & Harry Hannah LIVE

Get ready for an unforgettable night of live music at The Smokin’ 116 Bistro on May 31st at 8pm! Matthew Holtby, the musical maestro from Warkworth, Ontario, has been enchanting listeners with his collection of singles. Joining him onstage is the one and only Harry Hannah, hailing from the North end of Northumberland, Ontario.

Homestead Farmers’ Market

Join Homestead Marketplace for a regional Sunday market with farmers, food and beverage producers, makers, and artisans. This eclectic market serves the BoQ areas and supports small businesses. Stop by and connect with local vendors, pick up something fresh, and discover something new and unique.

Does the Bank of Canada’s Overnight Rate Affect You?

Fri, 17 May 2024 21:33:20 GMT

Home Sale Decreases, Slow Housing Construction, Cottage Sales & 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.

Does the Bank of Canada’s Overnight Rate Affect You?

In this week's YouTube video, I explore whether the Bank of Canada's overnight rate really affects you. Despite all the buzz, its impact on your purchase might be less significant than you think. Tune in to find out more!

Canadian home sales dip in April from prior month as spring listings perk up, CREA says

The Globe and Mail

The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market. On a month-over-month basis, CREA said home sales in April were down 1.7 per cent, while newly listed properties available for sale rose 2.8 per cent to kick off the spring market.

Trudeau's housing push in doubt as pace of construction falls

Financial Post

Canada’s housing starts fell for a second consecutive month as the country’s construction shortfall continues. Builders started work on an annualized 240,229 units in April, according to data released Wednesday by the Canada Mortgage and Housing Corp., in line with expectations of economists in a Bloomberg survey. The 0.8 per cent monthly drop brings the six-month moving average to 238,585 units, the weakest half-year stretch for home building since last June.

Planning to sell your cottage before capital gains tax changes kick in? Here’s how you may be able to keep it in the family

Toronto Star

Looming changes to how capital gains are taxed are prompting some families to start thinking about — or revisit — succession plans for their cottages. “A lot of succession planning starts with getting legal and accounting advice, and then you can proceed from there,” said Re/Max Canada president Christopher Alexander. “You’ll want to figure out the tax obligations, like what potential capital gains there are.”

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Pickleball at Quinte Curling Club

The 2024 Pickleball season at the Quinte Curling Club began on Monday, April 29 with new pricing and schedules. Sessions are open Mondays and Wednesdays, 10 am – noon and 6 pm – 8 pm. Drop in games are $9 each, including HST. For keen players, an unlimited play option is available for $200 including HST. The season will last 19 weeks, excluding dates when the Club is unavailable.

Break Point Comedy Tour

Get ready to laugh until you hit your break point with a night full of hilarious stand-up comedy! Welcome to Break Point Comedy, a pro comedy show serving laughs with Canada’s biggest comedy aces! Come join The Smokin’ 116 Bistro for a night of laughter and get ready to enjoy hilarious stand-up comedy performances by some of Canada’s best pro and rising comedians.

Will We See Rising Inventory Levels this Spring? ⬆️

Fri, 10 May 2024 18:38:43 GMT

Spring Inventory Levels, Renters' Financial Strain, Garage Sales & 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.

Will We See Rising Inventory Levels this Spring? ⬆️

In this week's YouTube video, I discuss the question of whether we are posed to see rising inventory levels in the market this spring. This could fuel a shift in market dynamics, tilting the scales in favour of buyers. Tune in for my thoughts!

Bank of Canada says nation's renters showing signs of financial strain

Financial Post

The Bank of Canada is raising concerns about the impact of higher interest rates on renters while acknowledging that, even as most households appear to be managing increased debt servicing costs, there are still many mortgage holders who will face large payment increases when they renew over the next two-and-a-half years.

Difference In Total Interest Charges Between 25- And 30-Year Mortgage "Astronomical"

Storeys

Buying a home was always a big life event for most Canadians. In this economy, it’s an even bigger feat to call yourself a homeowner – even if you are among the large number of '90s babies with financial help from your parents. Of course, choosing the perfect property (well, as perfect as you can afford) is just one decision involved in becoming a homeowner. There are countless others, including the type of mortgage and term length that makes the most sense.

The Largest Garage Sales in Canada: Where Hidden Treasures Await

Realtor.ca Blog

Gather your loose change and prepare to peruse—it’s garage sale season! Thrifters, bargain-hunters, and home declutterers are preparing for a busy garage sale season, which got them thinking: which cities in Canada have the biggest garage sales? They've rounded up some of the largest garage sales in Canada, where you can visit more than 200 vendors in one-stop!

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Trenton Horticultural Society Annual Plant Sale

Now is the time to stock up on plants and support the Trenton Horticultural Society! They will have a great selection of peony trees in coral and the exclusive Trenton Hero Pelagonium, plus annuals, vegetables, perennials and more. Shop early and don’t be disappointed.

Dare To Be Crafty – Vendor Show

Come out and join the Masonic Hall in Belleville For Dare To Be Crafty Vendor Show, held on Sunday, May 19th from 10am-4pm. Many vendors will be there along with homemade items, an auction table with lots of items to bid on. Put your name in a draw for a door prize.

Belleville, Quinte West & PEC | April Market Update

Tue, 07 May 2024 12:03:08 GMT

April Stats, Waiting Buyers, Cottage Sales Boom & 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.

Belleville, Quinte West & PEC | April Market Update ��

In this week's YouTube video, I discuss the April 2024 residential real estate statistics for the Belleville, Quinte West and Prince Edward County regions, reviewing new listings, number of sales and median sale price. Tune in for my analysis of the data!

Canadians put off plans to buy a home until the Bank of Canada cuts rates

Financial Post

Those expecting a spring rebound in Canada’s housing market might have to wait longer than they thought. A survey by the Bank of Montreal revealed this week that 72 per cent of aspiring homeowners are waiting for the Bank of Canada to cut interest rates before buying. Canadians opting to wait for rate relief are up 4 per cent from 2023 amid growing concerns about the cost of living, inflation and their financial situation, said BMO.

Increase in capital gains tax rate could spawn cottage sales boom

National Post

The new capital gains tax proposed in the Liberal budget has led to speculation that there might be a flood of cottages entering the market or a push for earlier closing dates as sellers try to avoid a hefty tax bill. “I am seeing an increase in people wanting to list their properties now that this is going into effect,” said Beth Groom, a broker and owner of Cape Breton Realty.

How much does $1 million buy you in Canada's housing market?

CTV News

The purchasing power of buyers with a $1 million budget searching for a home in Canada will widely vary depending on the city they are shopping in with those in Toronto getting less square footage and fewer bedrooms than everywhere aside from Vancouver, according to a new report.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Free Belleville Pickleball Night

Try your hand at pickleball every Friday night from 6:30–8:30pm at 135 Palmer Road in Belleville! For more information, call or text 613-242-1962

Homestead Farmers’ Market

Join Homestead Marketplace for a regional Sunday market with farmers, food and beverage producers, makers, and artisans.

Changes to Capital Gains Tax 💵

Fri, 26 Apr 2024 18:22:57 GMT

Capital Gains Tax, Immigration Dilemmas, Luxury Listings & 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.

Changes to Capital Gains Tax ��

This week's YouTube video delves into the federal government's proposed adjustment to the capital gains inclusion rate, exploring its potential implications for both individuals and the nation. Tune in for my take!

Canada's immigration dilemma — not enough homes or not enough workers

Financial Post

The federal government’s decision to bring in fewer newcomers in the next few years due to the housing crunch could create labour shortages and inflationary pressures on some areas of the economy if the right balance isn’t maintained, says an analysis by Canadian Imperial Bank of Commerce. Canada’s record population growth in recent years eclipsed its available housing and the number of jobs the economy has created since 2019, but the increase didn’t have a uniform effect on the economy, the report said.

Canada unveils plan to use public lands for affordable housing push

Canadian Mortgage Professional

Canada’s federal government has released a detailed strategy to build more affordable homes on surplus, underused, and vacant public land across the country. The new measures, included within Budget 2024 and Canada's housing plan, aim to make more land available by converting underused public properties and acquiring new lands. It will prioritize leasing public lands for affordable housing projects rather than outright selling.

‘Luxe Listings Toronto’: Go behind the scenes to gawk at luxury homes

Global News

Buying a home in Canada these days isn’t for the faint-hearted, especially in a market as cutthroat as Toronto. Now, a new series from Prime Video Canada is pulling back the curtain on luxury home-buying in Canada’s largest city, with help from three of Ontario’s top real estate agents. While prices for average homes across the country are soaring thanks to inflation, a cost-of-living crisis and sky-high demand for real estate, the asking prices of the mega-mansions featured on Luxe Listings Toronto are beyond eye-watering: upwards of $20 million in some cases.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Spring Vendor Show

Join the St. Columba Presbyterian Church on May 3rd from 4pm-8pm & May 4th from 10am-4pm for a free event with vendors selling their wares! There will be a raffle table made up of donations from the vendors. Coffee/tea, Juice/pop and baked goods will be available for purchase.

Live Music at the Local: Jeff Gaulton

Join The Local Social House on May 4th for dinner or drinks anytime between 8PM-10PM and enjoy musician Jeff Gaulton. Jeff is a solo acoustic singer-songwriter from Kingston, Ontario. Along with his original material, he includes respectable covers of Delta Blues, Roots, Rock & more.

Benchmark Price and HPI in the Green for March ✅

Fri, 19 Apr 2024 18:48:52 GMT

Benchmark Price & HPI, Capital Gains Tax, Hot Spring Market & 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.

Benchmark Price and HPI in the Green for March ✅

In this week's YouTube video, I delve into the Benchmark Price and House Price Index (HPI) data for March 2024 in Hastings & Prince Edward County, the Greater Toronto Area, and Canada. Tune in for my review & analysis of the data!

Federal budget hikes capital-gains tax on companies and wealthy individuals

The Globe and Mail

The federal government is increasing capital gains taxes on wealthy individuals and companies, leaning on an affluent segment of the population to finance billions in new spending on housing and other government priorities. The federal budget, released Tuesday, increases the inclusion rate on some capital gains. Businesses will now pay income tax on two-thirds of their capital gains earnings, up from one half. The increase will also apply to individuals, but only on capital gains earnings over $250,000.

Canada's budget 2024: Housing strategy could inflict short-term pain, say industry watchers

Financial Post

A long-run focus on boosting housing supply in Tuesday’s federal budget is earning praise from the housing and real estate industries, but some are questioning whether the efforts might make the country’s affordability issues worse in the short term. “Allowing first-time buyers to make larger RRSP withdrawals for down payments, or secure 30-year amortizations when they buy new construction, will increase buying power and bring more people to the market at a time when there’s already a shortage of properties to bid on,” said Clay Jarvis, personal finance author at the website NerdWallet, in reference to two measures the Liberals had telegraphed ahead of the budget announcement.

Is Canada on the Cusp of a Hot Spring Housing Market?

Realtor.ca Blog

The first few weeks of March were not much to write home about, and then something interesting happened with the Canadian real estate market. The tides turned around the second week of March when there was a bounce in new supply, which lead to a “burst of sales” to close out the month, according to the latest data from the Canadian Real Estate Association (CREA).

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

The Tragically Hip Tribute Dinner Concert with Steve Fleet & Kevin Whitney

Enjoy the iconic sounds of the Tragically Hip that you know and love performed by the talented Steve Fleet and Kevin Whitney. Listen to the sounds that topped the charts by the Canadian band that has broken the records and will remain in our hearts forever.

Bay of Quinte Home Show

The Bay of Quinte Home Show is proud to announce the upcoming 2024 Home Show, a showcase of the latest trends, innovations, and inspirations for your home. They can’t wait to welcome you to the 2024 Home Show and inspire your home journey!

How Will Canada’s Immigration Cap Affect Real Estate?

Fri, 12 Apr 2024 18:06:56 GMT

Immigration Cap, Housing Crisis Remedies, BoC Rate Hold & 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.

How Will Canada’s Immigration Cap Affect Real Estate?

In this week's YouTube video, I delve into the federal government's decision to impose a cap on immigration, with a particular focus on its potential impact on the real estate market and broader economy. Tune in to hear my take!

Liberals release plan to 'solve the housing crisis,' branding it as a call to action

CTV News

The federal Liberals have unveiled their plan to solve the housing crisis, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands. The 28-page document, which comes days ahead of the federal budget, is the minority government's latest effort to set the agenda on affordability as it loses significant ground to the Conservatives over cost-of-living issues.

Bank of Canada leaves spring housing market in 'holding pattern'

Financial Post

Those hoping that interest rate cuts would boost Canada’s spring real estate market will have to wait a little bit longer after the Bank of Canada once again held rates at five per cent on Wednesday. However, it wasn’t all bad news for housing, as some dovish language from the central bank suggested that stronger-than-expected economic data would not derail the possibility of a cut this year.

Home sales and prices edging up as housing market 'could get interesting,' reports say

CBC News

The housing market could soon get "interesting," economists say, as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and Market Forecast, Royal LePage is forecasting that the aggregate price of a home in Canada will increase nine per cent in the fourth quarter of 2024, compared to the same period last year.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Docs, Dinner & Drinks

Join Quinte Arts Council & Loyalist College for a showcase of documentary films by Loyalist College students in the Film, Television and Digital Content Creation program! The night opens with drinks provided by Meyer’s Creek Brewing Company at The QAC Cultural Hub. Documentary films entirely produced by Loyalist students are the highlight of the evening. The evening is capped off with an amazing meal at Paulo's and Dinkel's Restaurant!

The Lightfoot Band @ The Empire Theatre

Experience the musical legacy of Gordon Lightfoot in the most authentic way – with his original touring band! The Lightfoot Band features Rick Haynes, Barry Keane, Mike Heffernan, and Carter Lancaster and introduces their newest member, Andy Mauck. The evening promises an unforgettable performance as the band pays tribute to the Canadian icon. Fans can expect to hear their favourite classics as well as some deep cuts to deliver the ultimate Gordon Lightfoot experience.

March 2024 Real Estate Stats | Belleville, Quinte West & Prince Edward County 🏘️

Fri, 05 Apr 2024 18:50:15 GMT

March Stats, Budget Updates, Rate Cut Anticipation & 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.

March 2024 Real Estate Stats | Belleville, Quinte West & Prince Edward County ��️

In this week's YouTube video, I go over the March 2024 residential real estate statistics for Belleville, Quinte West and Prince Edward County, reviewing year-over-year data on number of sales, median sale price and new listings. Tune in for my take on the data!

Budget to include $1.5B rental protection fund meant to preserve rent prices

CTV News

The federal government will be launching a $1.5-billion "Canada Rental Protection Fund" to preserve affordable rent prices across the country, Prime Minister Justin Trudeau announced Thursday. The fund is the latest pledge from the federal Liberals, who are more than a week into a spending announcement blitz previewing measures that will be included in the 2024 federal budget, including a series of housing affordability loan programs and rule reforms focused on fairness for renters.

Federal plan would count rent toward a credit score. Who will it help — and who could it hurt?

CBC News

A federal proposal to include rental payments in calculating credit scores might help some Canadians move into home ownership, but it could have consequences on renters who are already struggling with rising costs. One measure of the proposed Canadian Renters' Bill of Rights, announced last week by Prime Minister Justin Trudeau, would use timely rental payments to calculate a person's credit score. This, it said, would help level the playing field for young renters, particularly those who want to eventually buy a home.

Canadians awaiting rate cuts to re-enter housing market

Financial Post

Canadians are starting to feel more optimistic about their finances and a growing number say they are planning to re-enter the housing market when interest rates are cut, according to a new study by Dye & Durham Ltd. The Dye & Durham Canadian Pulse Report, which interviewed 1,015 Canadians in the first quarter of 2024, found that more Canadians say they are in a better financial position now than they were a year ago — 28 per cent compared to 20 per cent in the final quarter of 2023. That number jumps to 36 per cent among respondents aged 18 to 34.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Quinte Home & Cottage Show

Whether you’re thinking of making changes in your home or getting ready to open up the cottage, do it all at the Quinte Home & Cottage Show. Meet builders, contractors, and other experts and get the latest intel on decks, docks innovative construction products, and eco-friendly solutions. Check out stylish decor options, arts and crafts, food and entertaining ideas, exciting toys and equipment for your home and cottage, and much, much more.

LIVE MUSIC: Victor Cooper @ Meyers Creek Brewing

Meyers Creek Brewing is welcoming Victor Cooper back to the brewery! Raised in Eastern Ontario, Canada, Victor is one of eight children. He spent most of his childhood either climbing trees, or writing music. Soon music took over and for the past twenty years Victor has been writing his own material. His folksy sound and vocal range allow him to express himself through originals as well as a very wide variety of covers from Johnny Cash to Michael Jackson.

Negative Amortization: What it is & How it Affects You

Fri, 29 Mar 2024 15:32:33 GMT

Negative Amortization, Renters' Bill of Rights, Reality TV Series & 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.

Negative Amortization: What it is & How it Affects You

Check out this week's YouTube video where I break down Negative Amortization. I cover what it means, how it might impact you, and strategies to deal with it. Join in for my thoughts!

Federal government promising a 'renters' bill of rights' in upcoming budget

CBC News

Prime Minister Justin Trudeau announced that his government will introduce new measures — including a new "bill of rights" — that he says will help protect those who rent their homes as part of the upcoming budget. Trudeau said the new measures are specifically geared toward younger people, who are renting more than previous generations.

Young Canadian homebuyers embrace trade-offs for early ownership: Houseful

Real Estate Magazine

Houseful (an RBC company) recently conducted its First-Time Homebuyer Trade-Off Survey. It sheds light on how prospective homebuyers must make decisions — by carefully weighing their options and making compromises based on individual circumstances.

New reality series explores Toronto's hyper-competitive luxury real estate market

National Post

A new reality television series, Luxe Listings Toronto, will explore the high-stakes multimillion-dollar listings in Canada’s largest city. Based on Luxe Listings Sydney, a real estate lifestyle reality show that premiered on Amazon Prime in 2021, the Toronto-based edition of the series will follow Toronto’s hyper-competitive luxury market.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Our Favourite Things Art Gallery

Lori Meeboer is a nationally-recognized painter living in Corbyville, Ontario. Fred Rutherford is a portrait and nature photographer in Corbyville, Ontario who is well known for his joyful portraits and breathtaking landscapes. Together, Fred and Lori have created a show titled "Our Favourite Things". Join the Quinte Arts Council for the opening of the show on April 4 to see this collaboration of some of their favourite local, regional and truly Canadian moments.

Open Mic at Smokin’ 116 Bistro

Join The Smokin' 116 Bistro for an unforgettable afternoon of musical magic at their Classic Open Mic on April 6th, 2024, from 12:00 PM to 2:00 PM! Whether you’re a seasoned performer or just want to enjoy some great tunes, Smokin' 116 Bistro is the place to be. Grab your friends, family, and fellow music enthusiasts for an afternoon of soul-stirring melodies and good vibes. Spread the word, invite your friends, and let’s make it a musical gathering to remember!

Canada’s Mortgage Delinquency is Rising 📈

Fri, 22 Mar 2024 18:07:11 GMT

Mortgage Delinquencies, Market Resilience, Housing Targets & 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.

Canada’s Mortgage Delinquency is Rising ��

This week's YouTube video covers a report by Equifax discussing mortgage delinquencies in Canada. According to the report, delinquencies are on the rise across Canada, with a particular focus on Ontario and BC. Tune in for insights into the statistics and my take!

‘Exceedingly Rare’ Shift in Canadian Home Prices Before Spring Market Hits

Realtor.ca Blog

Canadian home prices were unchanged month-over-month in February, but don’t let that fool you into thinking there’s nothing noteworthy going on behind the scenes. First, to fully understand the current state of Canadian real estate markets, it’s important to note that home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI)—the most accurate way to gauge a neighbourhood’s home price levels and trends—had been on a five-month streak of declines.

Unexpected resilience amid economic challenges showing up nationwide

Real Estate Magazine

The Canadian real estate market stands as a cornerstone of the nation’s economy, reflecting not only economic conditions but also societal shifts and demographic patterns. Currently, the state of our market displays a surprising resilience against various challenges, including a looming recession, record interest rate hikes and economic stagnation reminiscent of Japan’s “lost decade.”

An Ontario city smashed its new housing targets by 250%. But are prices going down?

Global News

On paper, Kingston, Ont., is doing everything the provincial government has asked it to do on housing — and more. The city was told to get building work underway on 587 new homes in 2023 as part of the province’s push to build 1.5 million new homes. By the end of the year, Kingston had achieved 250 per cent of its target, with 1,465 housing starts.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Alzheimer Society – A Starry Night Gala

The Alzheimer Society of Hastings-Prince Edward’s Shaken Not Stirred Gala 2024: “A Starry Night”. Wednesday March 27th, 2024 at The Grand, Belleville (70 Harder Dr). Tickets are $120 and include a full hot buffet gala dinner, door prize entry and so much more. Tickets must be purchased in advance.

Upfront Cafe – Friday Night Live with the Happy Ghost Gang

The music they make has been described as rural noir, provocative and moody. Shortly after settling on the name The Happy Ghost Gang, Jess and Ben were signed to The Keep Records in late 2022 and have started preparations for a fall release of original material in 2023.

BoC Interest Rate Announcement Recap 🏦

Fri, 15 Mar 2024 18:40:57 GMT

BoC Interest Rate Hold, 30-Year Mortgages, Wealth Accumulation & 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.

BoC Interest Rate Announcement Recap ��

In this week's YouTube video, I weigh in on Bank of Canada's (BoC) March 6th decision to hold the overnight rate at 5%. This decision represents BoC's fifth consecutive rate hold. Tune in for my take!

Is it time for Canada to embrace the 30-year mortgage?

Financial Post

The possibility of allowing longer mortgage amortizations has come up repeatedly in Canada over the years, with regulators and lawmakers generally taking a conservative approach and pushing in the opposite direction. But with housing affordability at crisis levels, is it finally time for Canada to embrace mortgages of 30 years and beyond? The Financial Post’s Denise Paglinawan explores the issue.

Renters have harder time accumulating wealth than homeowners: RBC economist

CTV News

Renters face daunting barriers in their attempts to build wealth as they're forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report out Thursday. The report by economist Carrie Freestone adds to a growing body of research painting a stark picture of the wealth divide between renters and homeowners.

Mortgage Coming Up for Renewal? Assess Your Options

Realtor.ca Blog

Homeowners who negotiated mortgages back in 2020 at an interest rate of less than 2% will need to renew soon, and the days of those ultra low rates are gone as the Canadian economy experiences some unexpected changes. If you’re feeling overwhelmed about the prospect of higher payments, here’s what you need to know.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Home and Lifestyle Show

Capture the imagination, catch the inspiration and corner the savings at the Belleville Home Show. Through the Quinte Mall, booths will feature bright ideas, great products, and quality services covering the fields of: Home & Garden, Heath & Wellbeing, Activities & Entertainment, Cottage & Recreation, Finance & Opportunities and Lifestyle & Leisure.

Live Music: Ron Nicholas

Join The Local Social House on March 22nd for dinner anytime between 7PM-9PM to enjoy Ron Nicholas. Ron has been playing, writing, and teaching music In the Quinte Region for many years. He has played all over Ontario, and Quebec in several band combos including duos, trios, quartets, and produced music for the Canada Weather Network as well as independent films.

Belleville, Quinte & PEC | February Market Update 🏘️

Fri, 08 Mar 2024 20:19:36 GMT

February Market Stats, Bank of Canada Rate Hold & 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.

Belleville, Quinte & PEC | February Market Update ��️

In this week's YouTube video, I weigh in on the February 2024 residential real estate stats across Bay of Quinte and Prince Edward County. Tune in for my take on the data!

Bank of Canada holds key interest rate at 5% again, saying it's still too soon for rate cuts

CBC News

The Bank of Canada has held its key interest rate at five per cent again, saying that it's still too soon to consider rate cuts while underlying inflation persists. Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips out volatile items like food or fuel.

Canadian real estate market sees doubling of home prices over past decade

Real Estate Magazine

Canada’s real estate market has seen much change over the last 10 years, thanks to interest rate changes, economic fluctuations, immigration increases, the impact of a global pandemic and more. The one thing that’s been constant though is the persistent rise of home prices: the benchmark single-family price in most of Canada has doubled from 2013 to 2023, representing an 86.8 per cent increase.

These Canadian cities are selling property for as low as $1 to get you to move there

CTV News

The dream for aspiring homeowners may look like scoring $1 worth of land amid rising housing prices and inflation. The good news is that this dream has come true in some Canadian provinces and territories, which have offered eye-catching relocation incentives to address population decline, housing crises and affordability.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Live Music at The Local: Gerald McGrath

Join The Local on March 15th for dinner or drinks anytime between 7PM-9PM and enjoy musician Gerald McGrath. With more than 20 years of shows under his belt, both as a solo artist and member of several bands, multi-instrumentalist Gerald McGrath is emerging as one of Kingston, Ontario’s favourite musical acts.

Side Hustle Vintage Thrift + Antique Market

On March 16th at Venue 1906, come and shop with some top vintage and thrift slingers, and find some pre-loved and reimagined items from some talented people! Find thrift and antique sellers from the Bay of Quinte and surrounding areas in one space.

Quinte Price History — How Did We Get Here?

Sat, 02 Mar 2024 01:35:59 GMT

Quinte Price History, First-Time Home Buyer Incentive & 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.

Quinte Price History — How Did We Get Here?

In this week's YouTube video, I go over my report on the history of home prices in the Quinte region from 2005 to the present. Check out this informative video, along with the downloadable report in the description!

Government scraps First-Time Home Buyer Incentive

Canadian Mortgage Professional

The federal government has discontinued the First-Time Home Buyer Incentive, a much-criticized program aimed at improving housing affordability for new buyers that saw muted uptake in major markets. Canada Mortgage and Housing Corporation (CMHC), the national housing agency, said in a statement on its website that the program was winding up, with no new or updated submissions to be accepted after midnight ET on March 21.

Nearly half of Canadians considering 'getting creative' to own a home through alternative paths

Toronto Star

Would you buy a home alongside a friend or a relative? What about purchasing a property with a separate tenant unit to help pay the mortgage? Or rent a property with some of your rent adding up to a down payment? Nearly half of Canadians who responded to a new survey commissioned by Re/Max said that they are open to purchasing a home through a method that differs from the traditional model of an independent buyer or couple purchasing a home for only their use.

5 Key Differences Between Building a Home in the Country and the City

Realtor.ca Blog

At first glance, building a home in the country or the city might seem fairly similar. But when it comes to actually choosing a site and building a home, there are several unique considerations for each location that need to be considered. In both cases, you’ll need to purchase the land on which you’re building—a REALTOR® can help you with this—but there are other aspects of the process that differ.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Quinte Sportsman Boat & RV Show

Welcome all past and future participants to the 24th Annual Quinte Sportsman Boat and RV Show held at the Quinte Sports and Wellness Centre at 265 Cannifton Road, Belleville. Dealers from across the province and company representatives will be present to answer your questions about fishing, hunting, boating, camping, RVing, and anything to do with Outdoor Adventures!

Quinte West FamilyFest

Looking for a fun-filled way to start March Break? Quinte West FamilyFest comes to the Batawa Community Centre on March 10 from 9 a.m. – 2 p.m. Enjoy a pancake breakfast by the Kinsmen Club of Trenton, live music from Andy Forgie, animal show and tell with Hands On Exotics, face painting, crafts with the Quinte West Public Library, balloon animals, and more free, family-friendly activities!

Canadian Inflation Drops Below 3% 🏛️

Fri, 23 Feb 2024 18:13:22 GMT

Inflation Numbers, Property Tax Hikes, Tile Trends & 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.

Canadian Inflation Drops Below 3% ��️

In this week's YouTube video, I go over the Consumer Price Index (CPI) numbers for January released by the Bank of Canada on February 20, 2024. These numbers suggest that rate cuts could be on the horizon. Tune in for my take!

‘Colossally high’ number of Canadians plan to buy a home within a year. Why?

Global News

With Canada’s housing market “starting to turn a corner,” there is growing demand for homeownership with a “colossally high” number of people planning to buy a home within the next year, according to a new poll. Almost half (49 per cent) of the people surveyed by NerdWallet last month said that they plan to purchase a home in the next five years. That percentage is up from a year ago when 43 per cent expressed the same intent.

Property tax hikes spark outcry across Canada: Are homeowners being bled dry?

Real Estate Magazine

We’ve reached that dreaded time of year when homeowners are slapped with property tax hikes. It’s hitting particularly hard in this economy when many Canadians are struggling to make ends meet. Post-pandemic, with communities across the country battling high interest rates and disintegrating infrastructure while seeking to improve services and offset the financial deficits of recent years, soaring property tax increases way beyond the inflation rate are being seen Canada-wide.

Top Tile Trends of 2024

Realtor.ca Blog

One of the first details you’ll notice when you step into a bathroom or a kitchen are the tiles. Whether it’s the flooring, backsplash, or shower walls, you can add a sense of personality to any room with the right tiles. With a new year comes exciting new changes in interior design, and 2024’s tile trends are no different! From layouts to shapes and patterns, homeowners and interior designers are reimagining the role of the house tile and giving it a chance to shine.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Live Music at the Local: Ambrose and The Reeds

Join The Local on March 1st for dinner anytime between 8PM-10PM to enjoy Ambrose And The Reeds. Ambrose & the Reeds are an acoustic trio from Belleville, Ontario. Their shared love of good songwriting and warm harmonies led them to craft a setlist of gems by artists like John Prine, Neil Young, the Beatles, Blue Rodeo, 54.40, the Wallflowers and the Rolling Stones.

Gallery 121 Winter Show

Experience Gallery 121’s 2024 Winter Show, running until March 9th, showcasing the captivating works of Guest Artist Lucy Manley in her exhibition “Bold Impressions.” Their Featured Member Artist this season is Barry Argyle, whose pieces reflect the motto “Variety is the Spice of Life” and embody the essence of his artistic journey.

Is the Spring Market Poised for Growth? 🌷

Sat, 17 Feb 2024 14:04:03 GMT

Spring Market Growth, Building Booms, Seniors Staying Put & 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.

Is the Spring Market Poised for Growth? ��

In this week's YouTube video, I discuss the pros and cons of waiting until spring to buy and/or sell. Tune in for my take!

January home sales jump 22 per cent from last year's weak start

CBC News

January home sales jumped 22 per cent compared with a year ago, the largest year-over-year increase since May 2021, according to The Canadian Real Estate Association.

The association says the increase reflected weakness last year, which saw the worst start to almost any year in the past two decades.

Housing minister says interest rate cuts will spur building boom

Financial Post

Canada’s housing minister says he believes lower interest rates will encourage builders to ramp up their activity, alleviating the country’s crunched supply of homes. Sean Fraser, asked whether he’s concerned that Bank of Canada rate cuts will unleash pent-up demand and higher home prices, said lower borrowing costs should also lead to an increase in supply.

Forget downsizing: Canadian seniors staying in large houses well into their 80s, due in part to lack of options

The Globe and Mail

James Newcombe, 83, stayed in his roomy home in Georgetown, Ont., as long as he could. The retired pilot and his wife bought the four-bedroom house in 1982 after moving from another home in the same subdivision. They stayed for years as empty-nesters after their three children moved out, until his wife’s declining health required a move to a retirement home last year.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas on Family Day!

Family Day Free Skate

Join Royal LePage ProAlliance and Dominion Lending Centres Alliance this Family Day Monday at the Quinte Wellness Centre for complimentary skating from 11:15am–12:15pm.

MISSION: SPACE – Family Day

The NAFMC is recruiting young astronauts for a space discovery mission this Family Day. Recruits will pilot a space shuttle, navigate a Mars rover through the planet’s tough terrain, complete a successful moon landing, and discover the exciting science of outer space.

January Residential Stats + Macro Market Update

Sat, 10 Feb 2024 13:36:45 GMT

January Market Update, Foreign Buyer Ban Extension & 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.

January Residential Stats + Macro Market Update

In this week's YouTube video, I weigh in on the January 2024 residential real estate stats across Bay of Quinte and Prince Edward County. Tune in for my take!

Federal government extends foreign buyer ban on Canadian homes to 2027

National Post

The federal government will continue to ban foreign nationals from buying homes in Canada for another two years as housing affordability concerns continue to trouble cities across the country.

Finance Minister Chrystia Freeland made the announcement on Sunday, saying Canada is extending its foreign homebuyer ban up until 2027.

Home builders group calls for action on mortgage rules, labour shortage

CBC News

Canada is on the right track but won't reach its target of building 5.8 million new homes in the coming decade unless it loosens mortgage rules, addresses the labour shortage and helps to boost production of factory-built homes, says the Canadian Home Builders' Association (CHBA).

Is Canada's housing slump coming to an end?

Canadian Mortgage Professional

January witnessed an uptick in residential transactions across Canada's major markets for the second month in a row, signalling that the housing downturn initiated in spring 2022 might be levelling off.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Élevage Winter Wine Festival

Join Élevage for an unforgettable experience, a one-of-a-kind winter wine festival taking place in Prince Edward County, ON, Canada, on Saturday, February 17th and Sunday, February 18th of the Family Day weekend. This celebration will be centred around the theme of wine and family connection, embracing the concept of “Nurturing our Roots.”

Valentine’s Day Dinner

The Smokin’ 116 Bistro will be hosting a Valentine’s Day Dinner and a Show to raise funds for the Quinte West Youth Centre’s mentorship program. Doors open at 6pm with access to their full menu and live entertainment will begin at 7pm. You can expect to see performances from The Stirling J Birds, Bees Knees and Cousin Gibbard Suede.

When Will Rate Cuts Happen in 2024? 🏛️✂️

Mon, 05 Feb 2024 15:17:26 GMT

Future Interest Rate Cuts, the Greener Homes Grant Program & 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.

When Will Rate Cuts Happen in 2024? ��️✂️

In this week's YouTube video, I discuss Bank of Canada's January 24th press conference where they announced their decision to hold the overnight rate at 5%. Tune in for my take!

Ottawa says it will have news soon on the future of the Greener Homes grant

CBC News

An announcement is "coming soon" on the Greener Homes grant program, the federal government's delivery partner said in an email to CBC.

The Greener Homes program, launched by the federal government in 2021, provides homeowners with up to $5,000 for energy efficiency retrofits and home energy evaluations, and up to $600 to help with the cost of home energy evaluations.

Bank of Canada governor says interest rates not to blame for housing crisis

Financial Post

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage.

Macklem appeared before MPs on the finance committee Thursday following its interest rate decision last week and faced multiple questions on housing affordability.

Ontario about 19 per cent of the way towards building 1.5M homes by 2031, report finds

CTV News

Ontario is about 19 per cent of the way towards its goal of building 1.5 million homes by 2031, with a provincial real estate association warning of a slowdown due to factors such as high interest rates and construction financing.

The Ontario Real Estate Association (OREA) noted in a report released Thursday morning that the province has seen 285,377 housing starts since Premier Doug Ford set the ambitious 10-year goal in 2021.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Abbamania + Bee Gees Night Fever at the Empire Theatre

Abbamania, an all Canadian cast, is the world’s number one production of Abba. With amazing vocals, look, sound and authentic costumes, you will believe you are watching the original Abba. Also on the same show is Night Fever as the Bee Gees.

Cirque Kalabanté @ Bayside

The Afrique En Cirque show symbolizes the strength, agility and joy of life found in African youth. A handful of daring acrobats, accompanied by their musicians, perform to the pulsating rhythm of the djembes of Guinea with their authentic and original choreography and acrobatics.

Inflation Remains Elevated to Round Out 2023 📈

Mon, 29 Jan 2024 14:47:05 GMT

CPI Data & Talks of Interest Rate Cuts ��

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.

Inflation Remains Elevated to Round Out 2023 ��

In this week's YouTube video, I go over the Consumer Price Index (CPI) data released for December 2023. CPI remains elevated, as inflation proves to be "sticky". Tune in for more info!

Interest rate cuts are coming, but the Bank of Canada won't say when

CBC News

Weary Canadian households, clobbered by nearly two years of rising prices and skyrocketing interest rates, will have to wait a little longer for relief on their borrowing costs.

The Bank of Canada left its key overnight lending rate unchanged at five per cent on Wednesday, citing the persistence in underlying inflation and concerns that it might declare victory too soon and be forced to backtrack.

Concerned group petitions federal government to stop investment companies from buying single-family homes

Real Estate Magazine

Concerns about exacerbating the country’s housing affordability crisis have resulted in a petition on Change.org addressed to Prime Minister Justin Trudeau and Honourable Sean Fraser, minister of housing.

A volunteer group, led by Hossein Maleki, president and CEO of Satel Creative, started the petition in hopes of stopping investment companies from continuing to buy single-family homes, something of deep concern to the group.

Housing market has turned a corner, Royal LePage says

Financial Post

Phil Soper, CEO of Royal Lepage, talks with Financial Post’s Larysa Harapyn about what’s in store for the Canadian real estate market when the Bank of Canada begins cutting interest rates.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Shirley Diane + Friends – Live at The Smokin’ 116 Bistro

Enjoy a fantastic meal while listening to Shirley Diane & a Special guest. Hey Friends, Family and Fans, this girl and her guitar performing a mix Genre of yesterday’s favourites and today’s hits. Hosted at the 116, where great food, music, friends & memories are made.

Eric Clapton Tribute Dinner Concert with Tony Vani

Enjoy the classic sounds of Eric Clapton that span decades, performed by the talented and popular Tony Vani. Listen to the sounds from Clapton that you love and marvel in the songwriting and his amazing talents in a beautiful gallery setting. They have vegan and non-vegan 4 course dinners available.

Local Market Resiliency & Eager Buyers in 2024💰

Sun, 21 Jan 2024 20:19:13 GMT

Local Market Resiliency & Eager Buyers in 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.

Belleville, Quinte & PEC Prices Show Resiliency��

In this week's YouTube video, I weigh in on the House Price Index (HPI) and Benchmark Price numbers for December 2023. Our local market remains resilient, despite Canada-wide and Greater Toronto Area data continuing to slide.

Immigration part of solution to Canada's housing crisis, minister says

Financial Post

Canadian cities need to relax their zoning policies if they want to tap into billions in federal funds available for new home construction. That was one of the messages delivered by Sean Fraser, the federal minister of housing, to a lunchtime audience at the Empire Club of Canada in Toronto on Jan. 17. Here are three key take-aways from the event.

2024 homeownership surge with nearly one in five Canadians eager to buy, especially younger groups: Wahi

Real Estate Magazine

2024 might just be the year that many Canadians buy a home — nearly one in five to be precise — as a recent survey on Canadians’ homebuying plans from Wahi finds.

The survey also notes that those under 35 have the strongest intentions and that many plan to sacrifice things in their lives to make their homeownership dream happen. For example, this could mean spending less money, working more hours or starting a gig on the side of their day job.

Housing minister warns against resistance to ending exclusionary zoning

CBC

Canada's Housing Minister is warning that municipalities won't succeed with applications for federal housing accelerator funding unless they are flexible on zoning rules.

Speaking Wednesday at an Empire Club of Canada luncheon in Toronto, Sean Fraser said a willingness to adopt zoning reforms has been key for the communities that have signed deals with Ottawa.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Saturday Night Rocks – Quinte Curling Club

What a sweet deal – 2 hours of curling, pizza and a drink for only $20. Bring your clean running shoes and volunteers will be on hand to introduce you to the sport of curling. Members – bring a friend. Non-members, come and find out what the fun is all about! Curling is guaranteed to make your winter fly by. Register at 613-962-5570, so we have enough pizza on hand!

Vintage Vibes – Live at The Smokin’ 116 Bistro

Vintage Vibes wants to share their love of classic songs from the golden era of the 1960s, 70s, and 80s with you!

Join them Saturday, January 27th at the Smokin’ 116 Bistro to dance and sing along with all your favourite, easy-listening songs. You’ll hear great memories from yesteryear including classic hits ranging from Elvis to Jimmy Buffet – from The Beatles to Crowded House – from Patsy Cline to Amy Winehouse.

2023 Real Estate Stats

Sun, 14 Jan 2024 01:50:38 GMT

2023 Real Estate Stats ��

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.

The Last Stats of 2023 ��

In this week's YouTube video, I review the final stats for the year of 2023. Check out my video for a deeper dive into the December stats in Belleville, Quinte West and Prince Edward County!

Buying a house this year? These are the top 3 tax strategies to use

Financial Post

Nearly one in five Canadians aged 18 and up say they “probably will or may” buy a home in 2024, according to a new Wahi Realty Inc. survey of Angus Reid Forum members that looks at homebuyer intentions for the new year as well as what they are doing to make their ownership dreams come true.

Limiting temporary resident population could imperil economy, says analysis

CMP

Restrictions on the population of temporary workers and international students in Canada would be counterproductive to the national economy, as any such limits will likely exacerbate the impact of a potential recession, according to an analysis by Desjardins Securities.

Canadian Housing Markets Could See “Seasonally Strong Spring" With Expected Rate Cut

Storeys

TD Economics is calling 2024 '“the year of the cut” in Canada, with markets pricing the first interest rate cut as soon as April. In a note from Friday, TD’s Marc Ercolao writes that the Bank of Canada (BoC) is expected to bring the policy rate — which currently sits at a 22-year high of 5% — down to 3.5% by the end of 2024. That figure is “slightly lower than market expectations of 3.75%,” but also “notably tighter than pre-pandemic levels,” Ercolao adds.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

2024 Indigenous Art Show Reception

Haudenosaunee Artists and Artists Reception which includes a Smudge Ceremony, Entertainment and Indigenous Foods. Located at 48 Bridge St E, Belleville from 2:00PM-4:00PM January 20th!

Bubble Brunch at Karlo Estates

Enjoy all you can eat pancake brunch in a cozy Speakeasy. Upon arrival, you’ll be greeted with a mimosa or a glass of 2021 Bubble. Bubble Brunch is held every Sunday from 11AM to 2 PM weekly, year round.

My crystal ball says the real estate market will... 🔮

Sun, 31 Dec 2023 11:16:35 GMT

�� 2024 Real Estate Market Predictions ��

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.

2024 Real Estate Market Predictions ��

In my first video of the year, I go over my 2024 predictions for our local Bay of Quinte and Prince Edward County real estate markets. Check out the video, I would love to hear your thoughts!

Record population growth risks aggravating Canada's housing headaches, say economists

Financial Post

The country added 430,635 people from July to October, Statistics Canada said on Dec. 19, with the 1.1 per cent boost to the population being the highest quarterly growth rate since the second quarter of 1957.

Latest Kitchen Trends for 2024

Realtor.ca Blog

In recent years, the kitchen has gone from simply being a place to make food to a spot where you can inject style and personality in your home.

“Kitchen spaces are very personal and given how much our lives have been altered in the past few years … clients are always looking for spaces that bring calm and peace even in its most sophisticated state,” explains Orienta Di Pietrantonio, interior decorator with Emerald Interiors in Toronto, Ontario. “

Federal 'wartime' housing plan doomed to failure

National Post

The federal government recently announced that it will accelerate housing construction by launching a “wartime” catalogue of pre-approved architectural designs for residential builders. However, industry experts have criticized the plan and argued that its impact will be negligible.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

”All You Need Is Love” – Live at The Empire

The Empire Theatre is proud to present, the Kick Off of The 2024 North American Tour: “ALL YOU NEED IS LOVE” Celebrating The 60th Anniversary of The Beatles Coming To America

Belleville Festival of Lights

January 7th is the final day for Belleville's Festival of Lights! This year’s display will feature exciting new installations including a gingerbread man, penguin and an interactive snowman.

Bay of Quinte & PEC Resilient to Price Declines

Sun, 17 Dec 2023 14:08:50 GMT

Benchmark Price Data, Stress Tests, Buying an Unfinished Home & More!

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.

Quinte & PEC Resilient to Declines in Benchmark Price ��

In this week's YouTube video, I weigh in on the House Price Index (HPI) and Benchmark Price numbers for November 2023. Although Canada-wide and GTA numbers have been trending downward for 5 consecutive months, our local market performance has been somewhat resilient to these trends.

Home prices fall again as sellers start to back away

Financial Post

According to data released by the Canadian Real Estate Association on Dec. 14, the average home price in November fell 0.4 per cent to $644,107 on a month-over-month basis.

The MLS Home Price Index (HPI), meanwhile, declined 1.1 per cent from October, but remained up 0.6 per cent from a year ago.

Buying an Unfinished Home: Understanding the Process

Realtor.ca Blog

Purchasing real estate is a process that looks different for everyone. Some people have their sights set on a pre-construction, new-build, or custom home, while others opt for resale homes. In between all these real estate types, you’ll find unfinished homes. As the name suggests, these are properties partially completed when they’re put up for sale.

Mortgage stress test to remain unchanged in Canada

Global News

Canada’s banking regulator says it has left the stress test rate for uninsured mortgages unchanged.

The Office of the Superintendent of Financial Institutions says the minimum qualifying rate for uninsured residential mortgages will remain the greater of 5.25 per cent, or the mortgage contract rate plus two per cent.

Bank of Canada Overshot Interest Rate Hikes

Mon, 11 Dec 2023 02:03:23 GMT

Interest Rates on Pause, Immigration, Blame Games & More in This Week's Update!

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.

Bank of Canada OVERSHOT Rate Hikes ��

In this week's YouTube video, I weigh in on the Bank of Canada's decision to hold rates at their December 6th meeting. This marks their third straight meeting at which they chose to pause interest rates. Check out my video for some of my thoughts.

Bank of Canada says immigration curbs long-term inflation, but has strained housing market

Financial Post

Mass immigration to Canada will keep a lid on inflationary pressures in the long run, but has also strained housing markets and helped to drive rent inflation to a 40-year high, says a Bank of Canada official.

Home renovation tips that never go out of style

National Post

Home renovations can be significant or as simple as making cosmetic updates to furniture or paint colour. No matter what, taking your time, having a realistic budget and understanding what you really want are essentials.

All eyes on housing crisis as government, opposition duel over who's to blame and how to fix it

CBC

A new 15-minute video produced by Conservative Leader Pierre Poilievre is the latest salvo in the political fight over housing policy, which has dominated the second half of this year in politics.

Poilievre made housing costs and affordability a key part of his message early in his leadership run, and housing has now become an issue that parties across the political spectrum agree is a crisis facing Canadians.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Quinte Ballet School of Canada – Holiday Dance

Join Quinte Ballet for their annual production of “Holiday Dance” featuring Nutcracker Favourites. December 16 and 17 at Centennial Secondary School.

Downtown Trenton’s Annual Christmas Wagon Rides

Enjoy Free Wagon Rides from Sunday Dec. 10th until Saturday Dec. 23 from 6 pm to 9 pm. For more information please call the Trenton DBIA office 613-394-4318.

November Real Estate Update & Changes for the Future

Mon, 04 Dec 2023 12:54:45 GMT

November stats, TRESA legislation, recreational properties & more in this week's update!

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.

November Residential Real Estate Stats

In this week's YouTube video, I go over our local residential real estate stats for the month of November. Tune in to see how the market is performing in Belleville, Quinte West and Prince Edward County!

Trust in Real Estate Services Act (TRESA) Now in Effect

RECO

The Trust in Real Estate Services Act (TRESA) is now in effect. TRESA replaces the Real Estate and Business Brokers Act (REBBA) and impacts how nearly 100,000 realtors will conduct business in the province of Ontario. View the information guide below and reach out directly for how this affects you as a buyer or seller.

What should Doug Ford's government do about developers who go years without building homes?

CBC

At least 20 Ontario municipalities are so far away from reaching their provincially-mandated targets for new home construction starts that they have virtually no chance of hitting the mark, and will face stiff financial consequences in 2024.

Despite softening activity, Canada’s winter recreational property market is expected to see price gains in 2024

Royal LePage

Activity in Canada’s winter recreational home market has cooled from pandemic-era highs with fewer buyers putting pen to paper and inventory levels rising modestly, amid concerns over rising interest rates and the higher cost of living.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Enchanted in the Downtown District

Get ready for two magical weekends filled with the spirit of the season! From workshops, performances, festive activities, and local eats, Downtown Belleville is your destination for holiday joy!

Trillium Wood Holiday Walk

Saturday, December 9th from 10am-2pm, enjoy the scenic walk with holiday music, a live performance from Derek Morris, a holiday photo shoot, games, complimentary hot beverages, snacks, and a chance to win prizes.

3 Tips for Buying & Selling in the Same Market

Mon, 27 Nov 2023 00:58:34 GMT

Tips for buying & selling in the same market, renovating to sell & more!

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.

3 Tips for Buying & Selling in the Same Market

In this week's YouTube video, I discuss 3 tips to think about when you are buying and selling in the same market. Price is very important, but there are other factors to consider as well. Tune in for my thoughts!

8 Costs to Consider When Buying and Renovating to Sell

Realtor.ca Blog

Renovating a home to sell—buying a fixer-upper, putting in your own sweat equity to fix it up and then selling it (hopefully for a profit)—can seem like a good idea. It always looks so easy on TV!

However, in addition to the construction and material costs needed to makeover the property, there’s a long list of other fees to consider before keys are handed to new owners.

The new Canadian Mortgage Charter explained

CBC

In the Fall Economic Statement (FES), the Liberal government unveiled an initiative it calls the Canadian Mortgage Charter.

According to the statement, the charter builds on "existing guidance and expectations" regarding how financial institutions are expected to treat borrowers.

In Canada's housing market, it matters who your parents are

Financial Post

Getting on the property ladder is so tough these days more young Canadians despair of ever getting to the first rung. Prices have cooled since the pandemic housing boom , but higher mortgage rates are a new hurdle for would-be buyers.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Home for the Holidays Light Tour

If you think you have a holiday-decorated front yard that’s sure to melt Scrooge’s heart, send in your photos and address, and share the magic of the season. Belleville will publish your holiday photos in an interactive map available from December 1 to 25.

Quinte West Holiday Market

This winter, the Quinte West Pop-ups will be transformed into a holiday winter wonderland showcasing festive decorations, delicious food, winter-themed activities, entertainment and unique vendors.

Benchmark Price DOWN 20% From Peak

Tue, 21 Nov 2023 12:12:46 GMT

Benchmark price down 20% from peak, real estate market gets put on hold

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.

Benchmark Price DOWN 20% Across These Markets

In this week's YouTube video, I weigh in on the House Price Index (HPI) and Benchmark Price numbers for October 2023. Canada-wide HPI continues to fall month over month, but is still up year to date and year over year. Is this regular seasonality or an indicator for prices to fall further?

Fewer Canadian homeowners over past decade: Provincial and generational differences

Real Estate Magazine

Canada’s homeownership rate dropped from 69 per cent in 2011 to 66.5 per cent in 2021, Statistics Canada reports. However, homeownership rates in several provinces are higher than that.

Don't count on seniors to sell their homes anytime soon, CMHC report finds

Financial Post

Canadian seniors are opting to remain in their homes for longer, a new report from the Canada Mortgage and Housing Corporation has found, suggesting that those looking to buy into the housing market should not expect a flood of supply from elderly homeowners any time soon.

Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices

CBC

Canada's housing market has gone into winter hibernation early this year, the group that represents realtors said Wednesday, with new data for October showing fewer sales, fewer new listings, and selling prices mostly flat.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Festival of Lights

The Festival of Lights runs from Nov. 17 to Jan. 7 at Jane Forrester Park. This year’s display will feature exciting new installations including a gingerbread man, penguin and an interactive snowman.

Trenton Santa Claus Parade

The Quinte West Chamber of Commerce is proud to put on the Trenton Santa Claus Parade for the community. The parade leaves the Community Gardens (Centennial Park) at 4:30p.m.

Is Co-Ownership Going to Become the New Normal?

Mon, 13 Nov 2023 12:44:18 GMT

Co-ownership, interest rate impacts & the Santa Clause Parade in this week's update!

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 Say Co-Ownership is Now a Necessity

In this week's YouTube video, I discuss a study conducted by Royal LePage on co-ownership trends in the Canadian housing market. Co-ownership is increasing in popularity with housing carrying costs at all-time highs.

Borrowers feeling the strain as Bank of Canada says higher rates may be here to stay

Financial Post

Be prepared, the Bank of Canada said this week — the era of low interest rates may be over. Since the great financial crisis of 2008, interest rates in Canada have not risen above 1.75 per cent and during the pandemic they sunk as low as 0.25 per cent.

Canada’s immigration plans can help with housing crisis by boosting residential construction sector

Real Estate Magazine

These Government of Canada goals include an additional 3.5 million units by 2030, comprising standalone housing, condo units and other home types for homeowners and renters.

The problem is the country will face an average structural labour shortage of 12,000 jobs a year, based on expected growth of 15 per cent by 2030, according to CBoC. As for the trades (including residential construction needed to build new homes), its shortage is largely in part due to challenges attracting youth and an aging workforce.

Canadians Are Spending A “Record Share” Of Disposable Income On Mortgage Payments

Storeys

BMO Economist, Sal Guatieri, says that Canadian homeowners are spending more on their mortgages than ever before.

In a note from Monday, Guatieri revealed that Canadian families put just over 8% of their disposable incomes towards their mortgage payments in the second quarter. While that figure on its own may not seem remarkably high, Guatieri notes that it represents a “record share” of disposable income.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Senators VS Rochester Americans

The Belleville Senators take on Rochester Americans (AHL affiliate of Buffalo Sabres) on Saturday November 18 at CAA Arena!

Puck drop is 7:00 and gates open at 6:00. Get your tickets here: https://bellevillesens.com/tickets/

Belleville Santa Claus Parade

This year’s parade is scheduled on Sunday, Nov. 19, 2023 and starts at 4:30 pm.

The parade will follow the same route as last year’s, from Tim Horton’s at Bridge & Sidney Street to Bridge and Herchimer.

October Residential Stats & More!

Tue, 07 Nov 2023 12:33:56 GMT

October Residential Real Estate Update & More!

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.

Surging prices just dealt a severe blow to housing affordability

Housing affordability in Canada was dealt a major blow in the third quarter as surging prices wiped out most of the gains made earlier in the year, according to the National Bank of Canada‘s latest housing affordability monitor.

The ‘Bank of Mom and Dad’ is no longer just for down payments

For first-time homebuyers, adding their parents’ income on a mortgage application can make the difference between being able to purchase a home or not. But mom and dad should keep in mind the potentially complicated tax and financial considerations related to putting their names on the title, experts say.

Builders report housing supply likely in peril due to higher costs and interest rates: CHBA

As much as 65% of CHBA’s latest survey panel said that interest rates compelled them to build fewer units during the third quarter, while 37% reported that they have outright cancelled projects, significantly higher than the 26% share seen in Q2.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Sunday Funday: Belleville Sens VS Cleveland Monsters

On Sunday November 12th, the Sens will be hosting their first Sunday Funday Game featuring a family-friendly 2:00 p.m. start time and kids zone activities starting at 1:00 p.m. Kids Zone activities include colouring and poster-making stations, a balloon animal artist, and a temporary tattoo station.

The Maker’s Hand | PEC

Presented by the Prince Edward County Arts Council, The Maker’s Hand is is one of Eastern Ontario’s most well regarded fine craft shows featuring 40 artists from across Ontario and Western Quebec. This year’s show offers a dynamic mix of contemporary work and traditional favourites- truly a show for all tastes!

Belleville | Quinte | PEC | Northumberland - Residential Real Estate Stats October 2023

In this week's YouTube video, I give an overview of the residential real estate stats released for October across 3 major markets in our area. Tune in for some stats & my thoughts on the state of the market.

Ontario Can Handle Mortgage Renewals

Tue, 31 Oct 2023 17:03:18 GMT

Mortgage renewals, new home shortages, Bank of Canada predictions & more!

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.

Ontario's road to 1.5M new homes has gotten rockier, construction insiders say

Ontario faces a tough road to meet its goal of building more than a million new homes.

Construction industry insiders say the latest government policy reversal and elevated interest rates wreak uncertainty for developers.

Investors and investments are key to building more housing in Canada

Canada Mortgage and Housing Corp. estimates this country must build almost six million new homes by 2030 to restore housing affordability , but the odds of meeting this target, or even half of it, are low given that not even 2.5 million homes have been built in any decade during the past 100 years.

Bank of Canada says it is not seeing the decline in house prices it had expected

The Bank of Canada says higher interest rates have not dragged down home prices as much as expected, because a shortage of homes in the country is keeping values elevated.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Wellness Retreat at Black Bear Ridge

Surrounded by 900+ acres of lush forest, BBR’s first Wellness Retreat has curated a ticket to R&R through inspiring human connections. Take advantage of this weekend retreat or day experience only.

Quintelicious

This year, Quintelicious is celebrating the incredible bounty of the City of Belleville, from fresh produce grown on local farms to locally produced ingredients, breweries, wineries, and restaurants.

Ontario CAN Handle Mortgage Renewals

In this week's YouTube video, I go over a report released by Royal LePage, surveying Canadians on their upcoming mortgage renewals. Although scary headlines could be generated from this article, I dig a little deeper to give my thoughts and interpretations on the actual data.

Bank of Canada HOLDS Interest Rates

Wed, 25 Oct 2023 15:33:19 GMT

Bank of Canada HOLDS Interest Rates

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.

Consumer Price Index, September 2023

In September, the Consumer Price Index (CPI) rose 3.8% on a year-over-year basis, down from a 4.0% gain in August. The year-over-year deceleration was broad-based, stemming from lower prices for some travel-related services, durable goods and groceries.

Government of Canada "Actively Examining" Action On Short-Term Rentals

The jury is still out on whether British Columbia's recently announced actions against illegal short-term rentals will have their desired effects, but it's now received a big endorsement from Minister of Finance and Deputy Prime Minister Chrystia Freeland, who says the federal government is following suit.

OSFI pulls back on some mortgage proposals, all in on others

Based on feedback from lenders since January, the Office of the Superintendent of Financial Institutions said Oct. 16 that it will not pursue putting tighter regulatory limits on debt-service coverage, part of a proposal to cap lenders’ loans with high debt service ratios. Most of the January proposals were directed at uninsured mortgages.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Halloween House Hop

Do you go all out for Halloween? Belleville wants to see it! If you want your super spooky house in the Bay of Quinte added to the 2023 Halloween House Hop map, click the form to register! Don't have a spooky house? Check out the map to plan your tour!

Halloween at Goolingham’s

Goolingham is having a party and everyone is invited! Their 3rd annual Halloween bash in the beer garden. Live music, costume contest with prizes for 1st and 2nd place winners, oysters on the half shell, lunch menu, 20 beers pouring on draught and wines by Domaine Darius.

BANK OF CANADA WILL ______ RATES

(Spoiler Alert - They Hold)

In this week's YouTube video, I weigh in on the Consumer Price Index numbers for September 2023. I share my thoughts on if this data warrants a Bank of Canada rate increase, hold or decrease. Although Canada's CPI is still elevated, it has come down from previous months and indicators show that things may be beginning to get under control.

Declines in HPI & Revised Predictions

Tue, 17 Oct 2023 12:32:22 GMT

Declines in HPI & Revised Predictions by Royal Lepage and TD.

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.

Royal LePage trims year-end price forecast after sluggish third quarter

While many Canadians have adjusted to the increased cost of borrowing, elevated interest rates continue to impact activity in markets across the country, keeping some buyers and sellers stuck on the sidelines. During the third quarter, inventory rose and sales activity softened, although this did not necessarily translate into steep price declines. Canada’s chronic shortage of housing supply is keeping property prices relatively stable.

Hoping for a recession to decrease housing prices is like wishing for a flood to water your garden

Hoping for a recession to decrease housing prices is like wishing for a flood to water your garden. Policy-wise, a recession would likely be overkill for restoring affordability. Furthermore, falling housing prices could have unintended consequences since consumers will reduce their demand for other goods and services.

Bigger, longer downturn expected in housing sales and prices: TD Economics

TD says home prices and sales will likely go down from Q2 levels during this year’s last quarter (Q4) and the early part of next – by 6 per cent and 8 per cent, respectively.

Population change and appropriate supply increase from previously low levels are at the root of the decline.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Light The Night Belleville 2023

Light The Night is a Belleville area community event that brings light to the darkness of cancer by funding lifesaving research and support for people battling blood cancer. Family, friends and co-workers gather together to celebrate, honour or remember those touched by blood cancer.

Halloween Home Boo Tour

The Halloween Home Boo Tour returns for 2023! Celebrate the spooky spirit throughout Quinte West leading up to October 31. From Oct. 17 – 31, explore all four wards in Quinte West and check out the incredibly decorated homes, balconies, porches, yards or residences.

Canada's HPI DOWN for Three Consecutive Months

In this week's YouTube video, I weigh in on the House Price Index (HPI) and Benchmark Price numbers for September 2023. Although Canada wide HPI is down for 3 consecutive months, our local market performance may surprise you.

I'll Take a 100-Year Amortization Please!

Tue, 10 Oct 2023 10:57:46 GMT

Mortgage renewals, affordable housing issues, Belleville Amazon & more below!

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.

A 47-year mortgage? They're out there — and even longer ones could be coming

Banking regulator says about $250B worth of home loans are either currently or soon to be negatively amortized.

At least $1 trillion needed to achieve housing affordability, CMHC says

At least $1 trillion in investment is needed to achieve housing affordability in Canada , and the private sector has a key role to play, according to a new study by Canada Mortgage and Housing Corp.

Meeting the ever growing demand of co-homeownership

An increasing number of Canadians are exploring the idea of co-homeownership during an economic environment of high property value, high mortgage rates and the rising cost of living. Many are contemplating pooling their financial resources with family members, friends and even strangers to gain access to the Canadian housing market

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Hops on the Water

Hops on the Water and October is a great pairing! Try samplings from craft breweries and cideries in the Bay of Quinte region. Enjoy family-friendly live music, and entertainment.

Belleville Diwali Festival

Get ready to light up your Saturday on October 14, because the Belleville Diwali Festival—winner of Best New Festival in 2022 (Festivals and Events Ontario)—is back and brighter than ever!

How AMAZON Will Change the Belleville Housing Market

In this week's YouTube video, I'll go over my thoughts on how Amazon to coming town will affect the Belleville & surrounding area's housing markets. Check out the video for my take!

Sales Slow as Fall Arrives, Canadians Still Intend to Buy

Tue, 03 Oct 2023 17:37:56 GMT

Residential market stats, Canadians' thoughts on today's real estate market & more

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 willing to sacrifice financial security for homeownership

High mortgage rates and rising inflation haven’t discouraged Canadians from their homeownership dreams, according to a new report by real estate marketplace Zolo.

More Canadians Plan To Buy, Sell Homes In Next Year: Survey

Home sales fell flat in many major Canadian markets last month, and experts are forecasting more of the same for the rest of the year.

But that’s not to say that Canadians aren’t aspiring to purchase. According to a new national survey conducted by Dye & Durham Corporation, 10% expect to revisit their buying and selling plans within the next year. (Comparatively, over the past 12 months, just 5% of Canadians say they have bought or sold a home.)

Will switching to a heat pump save you money? Here's how to find out

"Despite our analysis being conservative, heat pumps are the lowest-cost option for most households," said Christiana Guertin, research associate at the institute and co-author of the report released Thursday . It was accompanied by a calculator designed to help Canadians get better estimates for their own situation.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Wiggle Waggle Pet Festival and Walkathon

HSHPE’s Wiggle Waggle, now in its 9th year, features pet owners and animal lovers gathering at West Zwick’s Island for a day of food and pet-related fun, plus lots of activities including a walkathon to support animals in need in Hastings Prince Edward.

Dinosaurs: An Exhibit at Base31

For one month only Base31 ventures back in time to visit the magnificent giants that formerly roamed the land. Take in the enormity of prehistoric dinosaur fossils in The Drill Hall.

Residential Real Estate Stats | September 2023

In this week's YouTube video, I'll be discussing the September year-over-year residential real estate stats highlighting 3 markets and 3 indicators which I believe are important. Check out the video to hear my thoughts on the market!

Inflation Numbers, Greenbelt Scandal & More

Tue, 26 Sep 2023 00:09:57 GMT

Inflation Numbers, Greenbelt Scandal & More

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.

Ouch — variable-rate mortgages have cost Canadian homeowners big money

Remember when variable-rate mortgages were all the rage. Canadians have traditionally tended towards a fixed-rate mortgage, but when the Bank of Canada lowered its benchmark interest rate to 0.25 per cent during the turmoil of the pandemic the popularity of the variable-rate soared.

Consumer Price Index, August 2023

The Consumer Price Index ( CPI ) rose 4.0% year over year in August, following a 3.3% increase in July. The headline acceleration was largely the result of higher year-over-year prices for gasoline in August (+0.8%) compared with July (-12.9%). Excluding gasoline, the CPI rose 4.1% in August, matching the 4.1% increase in July.

Ford apologizes for 'wrong' Greenbelt decision, vows to reverse land swap

Ontario's Greenbelt was initially created in 2005 to permanently protect agricultural and environmentally sensitive lands from falling victim to urban sprawl.

Last year, the province took 2,995 hectares of land across 15 sites out of the Greenbelt and replaced them with about 3,804 hectares elsewhere, citing the housing crisis.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Sandbanks Provincial Park

Visit Sandbanks one last time before the true fall weather hits. With kids back to school and summer vacations over, take advantage of less crowds on the beach or explore some walking trails.

York Street Laneway Reimagined!

On Friday September 29th, 2023 from 3-11 PM, local artists will activate the top of York Street at Main Street Picton to reveal its potential as car-free public space for all! Featuring live music and art-making, seating, and delicious food. FREE!

Inflation Strikes Again! What This Means for Canada's Housing Market

In this week's YouTube video, I'll be discussing the August 2023 Consumer Price Index (CPI) numbers released by Statistics Canada. CPI ticked up to a 4.0% year-over-year in August following a 3.3% increase in July. Tune in for my thoughts!

Is the Market in a Down Turn?

hello@thesmallsocial.com (Catherine Colasimone) — Wed, 20 Sep 2023 11:05:29 GMT

Is the Market in a Downturn? Benchmark Price and HPI Say Otherwise

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.

Poll finds a lot of Canadians want to sell their homes within 3 years

Most Canadian homeowners are not looking to sell in the next three years, but if all those who are planning to sell follow through, there could be a historic number of properties hitting the market, according to a new report by personal finance company NerdWallet Inc .

Landlords aren't being paid. Tenants are feeling squeezed. And the system that's supposed to help is broken

Landlords and tenants trying to resolve disputes in Ontario say the province’s landlord and tenant board is failing them, plagued by excruciatingly long delays. The National’s Adrienne Arsenault explains the problems with the system and why some say it’s making Canada’s housing crisis worse.

8 Things to Think About Before Running a Short-Term Rental

Ever stayed in an Airbnb or VRBO property and thought “I could totally do this?” You’re not alone. Short-term rentals have exploded in popularity all over the world and running one can be a great income booster, but is it right for you?

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Porchfest

Belleville’s family-friendly neighbourhood music festival. Enjoy venues throughout the Old East Hill and Belleville’s Downtown District.

PEC Craft Beer Festival

Community Craft Beer Festival has been brewing great relationships between local craft beer lovers and craft breweries since 2018.

Is the Market in a Downturn? August Benchmark Price & HPI

In this week's YouTube video, I'll go over the Benchmark Price and Home Price Index (HPI) in 3 major markets surrounding the Quinte Region. Think the market is in a downturn based on media chatter? Check out these numbers, they may come as a surprise.

August Residential Stats & Much More!

Tue, 12 Sep 2023 11:39:53 GMT

August Residential Stats & Much More!

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.

New survey reveals how Canadians feel about various housing policies

Roughly three in five Canadians support decreasing the number of immigrants coming into the country until housing becomes more affordable, according to a new national survey.

New Canadian homes could be too risky to insure as weather changes, experts say

Canada needs to create 3.5 million more affordable housing units, but the government could create a new crisis altogether if it isn’t strategic in how it chooses to address the issue, experts say.

One-third of Canadian homebuyers adopting a ‘wait and see’ approach on interest rates

In the wake of Canada’s highest interest rates in decades, Re/Max Canada has revealed in its 2023 Fall Housing Market Outlook Report that brokers and agents are expecting a softer housing market this autumn.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Doors Open Quinte West

The Doors Open Quinte West event offers free access for the public to explore, discover and enjoy the history of local organizations, businesses and attractions throughout Quinte West. September 16th from 10am to 4pm!

Fall Family Fun Fest

Belleville’s Fall Family Fun Fest will be held on Saturday, September 17, 2022, from 10-3 pm at West Zwick’s Park. FREE admission & FREE parking.

August 2023 Residential Real Estate Stats

In this week's YouTube video, I'll be reviewing the residential real estate statistics for August in three key markets around the Bay of Quinte region. Stay tuned to find out how uncertainty around rate hikes and a more subdued summer season have influenced our data.

Bank of Canada's Decision...

Wed, 06 Sep 2023 15:53:00 GMT

Bank of Canada Holds Overnight Rate at 5%

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.

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

What Do Canadian Real Estate Markets Look Like Heading Into Fall?

The saying when it comes to the temperature across Canada is “if you don’t like the weather, just wait five minutes.” It’s an old cliché, but one that accurately represents some of our largest cities where things can move from pouring rain to bright sunshine almost in the blink of an eye. It’s also true of the real estate market across the country, where it often feels like things can change just as quickly.

Economists estimate up to one million non-permanent residents missing from official stats

As Canada grapples with a housing shortage, an underlying factor seems to have gone unnoticed: the true count of non-permanent residents (NPRs) residing in the country.

The official numbers, widely quoted and relied upon for policy planning, are underestimating the NPR population by nearly one million individuals.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Doors Open Belleville

Doors Open Belleville is back! This year, there will be several new sites — including a few from neighbouring Prince Edward County — along with familiar sites from the past.

Base 31 Presents Hawksley Workman

Hawksley Workman is a Canadian rock singer-songwriter who has garnered critical acclaim for his blend of cabaret pop and glam rock.

September 6th 2023 - BoC Rate Announcement

In this week's YouTube video, I discuss the Bank of Canada's recent decision to maintain the overnight policy rate at 5%, as announced today, pausing any interest rate adjustments.

Macro Economic Update & Long Amortizations

Tue, 29 Aug 2023 20:02:05 GMT

Canada's Macro Economic Update, Extending Amortizations & More

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.

More Canadian homeowners extend mortgage amortization periods, Big Bank data reveal

Royal Bank of Canada, the country’s largest lender, disclosed that 43 per cent of its Canadian residential mortgages had an amortization period of longer than 25 years, as of July. That’s up from 40 per cent a year earlier, and just 26 per cent in January 2022.

In The Grips Of A Housing Crisis, Will Capping International Students Fix Anything?

From coast to coast, Canada is in the grips of a housing crisis. That, everyone can agree upon. When it comes to a solution, however, that’s a different story.

Last week, Minister of Housing, Infrastructure and Communities of Canada, Sean Fraser, made headlines when he suggested that Canada could (key word) see a cap on international students.

Settling Into Your New School District After a Move

Moving can be a major transition for the entire family, and as with any significant change, settling into a new school can be a challenge for your children, not to mention the potential stress or anxiety it can also bring you as a parent.

Before school even begins, you’ll need to pencil in time to explore new bus routes, meet new teachers, make new friends, and get ready for a change in routine.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Yoga in the Streets

In this immersive experience, participants come together to embrace the power of yoga amidst the vibrant energy of the city. The event features experienced instructors guiding participants through a series of invigorating flows and calming meditation sessions.

Mustang Drive-in PEC

Head over to the Mustang Drive-in in Prince Edward County for a movie night under the stars. Get ready to enjoy not one, but two movies in a single car-load payment! It's the perfect way to make the most of your long weekend.

CANADA Macro Economic Market Update - August 2023

In this week's YouTube video, I'll be discussing a report from CoStar that outlines important signals about how well the Canadian economy is doing. CoStar looks at commercial real estate data, but these indicators have a direct correlation on the residential housing market! So, whether you're interested in commercial or residential real estate, this video is for you. Let's dive in and see what these indicators tell us about the overall economic health in Canada.

Home Sales Down, Affordability Concerns, HBP & More!

Tue, 22 Aug 2023 17:33:28 GMT

Home Sales Down, Affordability Concerns, HBP & More!

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.

Canadian Home Sales Edge Down as Markets Continue to Normalize

The Canadian Real Estate Association (CREA) is reporting national home sales declined 0.7% month-over-month in July. It’s worth noting sales were up in more than half of all local markets, but a decline of sales in the Greater Toronto Area (GTA) brought the national figure below zero.

Starts vs. sales imbalance raises affordability alarms, economist says

In July 2023, Canadian housing starts experienced a noticeable setback, dropping to 255,000 on a seasonally adjusted annual rate (SAAR). This decline coincides with the first decrease in home sales in six months.

Is prefab construction the solution to Canada's housing supply woes?

“It’s like putting together an Ikea set,” said Craig Mitchell, principal of BlackBox Offsite Solutions Ltd., an expert in off-site construction, while explaining the simplicity of prefabricated housing construction.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Buskerfest

Get ready to witness the streets come alive with a captivating fusion of talent, artistry, and sheer awe-inspiring performances. Step into a world where the ordinary becomes extraordinary as a diverse lineup of mesmerizing street performers take centre stage.

BIGLAKE Festival “ROOTS” 2023

This year’s festival celebrates all the things that ground us, nourish us, hold us and make us who we are. PEC is proud to once again present an incredible array of world-class musicians presenting folk and alternative music from all different cultures.

What is the Home Buyers' Plan (HBP)?

In this week's YouTube video, I go over some details of the Home Buyer's Plan (HBP). The HBP is a program that allows you to withdraw from your registered retirement savings plans (RRSPs) to buy or build a qualifying home. Interested in learning more or how you can use this in conjunction with the FHSA? Check out the video link below.

FHSA, Variable Rate Mortgages & More!

hello@thesmallsocial.com (Catherine Colasimone) — Tue, 15 Aug 2023 03:03:17 GMT

FHSA, Variable Rate Mortgages & More!

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.

Variable-rate mortgages rising again as Canadians bet interest rates have peaked

Variable-rate mortgages appear to be gaining favour as more Canadians bet that interest rates have peaked, say industry sources. According to RATESDOTCA data, the percentage of variable-rate quotes rose to 13 per cent in July, a three per cent increase from the month before.

Average rents in Canada reach record high in July

Canada’s real estate market has witnessed an exceptional ascent in average asking rent, soaring to $2,078 in July.

The rise, detailed in the latest National Rent Report by Rentals.ca and Urbanation, sheds light on many factors driving the increase.

How to design a functional kitchen

Hands down, the most important room in the home is the kitchen. It’s called the heart of the home for a reason, namely that this hub is where homeowners spend most of their time. Also, its central location sets the style tone for the entire home.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Belleville Caribbean Festival

Immerse yourself in the pulsating rhythms of reggae, soca, calypso, and other genres as talented musicians take the stage.

Indulge in the flavoursome Caribbean cuisine, tantalizing your taste buds with mouthwatering jerk chicken, delicious plantains, and refreshing tropical drinks.

PEC Jazz Festival

August is here! The folks at PEC Jazz Festival we have been busy getting ready for the new season. They're preparing some exciting performances check out the site below for the performers over August 15-20.

Canada's First Home Savings Account Explained

In this week's YouTube video, I go over the First Home Savings Account (FHSA). This savings account was an initiative by the Canadian Government to try and help out homebuyer's save the downpayment for their first home. Interested in learning more? Check out the video below!

The July Stats Are Out... Sort of.

Tue, 08 Aug 2023 13:46:46 GMT

The July Stats Are Out... Sort of.

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.

'Greedflation' not to blame for rising prices, Bank of Canada research says

Companies accused of “greedflation” as the costs for goods and services hit multi-decade highs did not take advantage of inflation to raise prices more than necessary, new research from the Bank of Canada suggests, challenging recent statements made by bank officials.

Canadian luxury housing market enjoys continued demand, confidence: report

Consumer demand and confidence in the Canadian luxury real estate market have remained robust despite the sharp rise in interest rates and lingering economic uncertainty.

The Cities With The Most Remote, Hybrid Workers In Canada

Remote workers head for Canada's coastal cities, where lush landscapes abound. Meanwhile, those vying for hybrid positions opt for major metropolises that are home to larger corporations.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

36th Annual Tyendinaga Traditional Pow Wow

Grand Opening will be at 12 p.m. Saturday and 11 a.m. Sunday.

Check out over 70+ Indigenous vendors, 10+ food booths and great music and dancing.

Josh Ross @ Base 31

Josh Ross debuted as an artist with his independently released Top 5 chart-topping cathartic ballad on romantic losses, “First Taste Of Gone.” Catch him August 12th at The Drill Hall.

July 2023 Real Estate Stats

Quinte | Kingston | Prince Edward | Northumberland

In this week's YouTube video, I will go over the July 2023 residential real estate stats... sort of. With our recent amalgamation with the Toronto Regional Real Estate Board, the data from July was all over the place. Here is my interpretation of the market in July!

Turmoil Over "Housing Crisis" & Affordability

Tue, 01 Aug 2023 18:55:14 GMT

More Turmoil Over "Housing Crisis" & Affordability + Escape Clauses!

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Minister Fraser Is Inheriting A Housing Crisis, He Intends 'To Make The Most Of The Opportunity'

Former immigration minister Sean Fraser stepped into the role of Minister of Housing, Infrastructure and Communities on Wednesday. With an estimated 5.8 million new homes needed across Canada by 2030, it’s safe to say that the newly-minted housing minister has his work cut out for him.

Trudeau shifts some of the blame for eye-popping housing costs

Prime Minister Justin Trudeau heaped some of the blame for skyrocketing housing costs on high interest rates and inaction by other levels of government, signalling a more defensive tone on an issue where his main political rival has hit him hard.

Renovating older homes and their challenges

There are pros and cons to purchasing a new house, as well as an older one, but in today’s market, many homeowners go for older homes because they tend to be more affordable. And this is fine, but you need to know that some upgrades will be required.

Belleville Festival of Lights Summer Fundraiser Kick-Off

It’s never too early to start thinking about the holiday season! The City of Belleville’s Lighting Display Committee will be hosting a special Festival of Lights fundraising event in Market Square on Saturday, Aug. 5.

2023 Quinte West Summer Concert Series

The summer concert series features outdoor concerts with talented entertainers on Wednesday, Friday and Sunday evenings from July until September in Fraser Park (Fridays and Sundays) and Frankford Tourist Park (Wednesdays).

What is an "Escape Clause" in Real Estate?

In this week's YouTube video, I will go over something that is becoming more common throughout this changing market, an "Escape Clause"! Check out the video to learn how to implement this as a seller or buyer.

Are Home Prices Still on the Rise?

Wed, 26 Jul 2023 00:45:59 GMT

Are Home Prices Still on the Rise?

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Here’s why Canadians are well positioned to withstand interest rate storms

If you hold a mortgage, there’s a good chance you’ll see your payments rise over the next three years, if you haven’t experienced a bump already.

If you have a variable-rate mortgage with fixed payments, you could be looking at a 40 per cent hike when you renew your loan.

Bank of Canada should stop hiking interest rates now: Benjamin Tal

Benjamin Tal, deputy chief economist at CIBC, talks with the Financial Post’s Larysa Harapyn about the latest inflation data , the impact on the Bank of Canada ‘s next interest rate decision, why he thinks the central bank has started overshooting with rate hikes and why more will cause a recession .

Can Canada build enough homes in 2023 to keep up with demand?

Canada Mortgage and Housing Corporation (CMHC) said last week that housing starts accelerated at their fastest clip for a decade in June, hitting a seasonally adjusted annual rate of 281,373 units compared with just 200,018 in May.

The Sheepdogs @ Base 31

The Sheepdogs, hailing from Saskatoon, are one of Canada’s most successful bands amassing a legion of fans worldwide with their rich harmonies, rounded guitar tones and classic rock influenced sound. Catch them July 29th at The Drill Hall.

Belleville Jazz Festival

It’s time to bust a move, Belleville, and put some sizzle in your summer. The sounds of New Orleans, New York, and Havana are coming to you as Belleville hosts its 2nd annual Jazz Festival from July 28th through 30th.

Royal LePage's Q2 2023 Home Price Update and Market Forecast

In this week's YouTube video, I will go over Royal LePage's home price update and market forecast for the second quarter of 2023. Check the video out and visit this link to learn more: https://blog.royallepage.ca/latest-interest-rate-hike-will-soften-housing-market-activity-but-home-prices-are-not-likely-to-go-down/

Rates Go Up, Inflation Goes Down | Weekly Real Estate Update

Wed, 19 Jul 2023 10:53:37 GMT

Rates Go Up, Inflation Goes Down

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Canada's inflation rate falls to 2.8%

Canada's inflation rate fell to 2.8 per cent in June, its lowest level in more than two years.

Statistics Canada said a sharp decline in the price of gasoline compared with this time last year was the biggest reason for the drop, which brought Canada's official inflation rate down to its lowest point since March 2021.

Is income tax rate on the wealthy too high? A lot of Canadians seem to think so, poll suggests

Many Canadians think high-income earners should pay their “fair share” of taxes , but they also think there should be a limit to just how much they’re required to fork over to the Canada Revenue Agency , with their idea of an appropriate ceiling lower than reality, recent research suggests.

Could the Missing Middle Solve the Housing Crisis?

Earlier this year, Victoria, British Columbia, passed what some are calling the most ambitious attempt anywhere in the country to make it easier to densify neighbourhoods: constructing so-called “missing middle” housing.

Dog Days of Summer

Get ready to unleash the fun at the Dog Days of Summer event!

Engage in entertaining games and activities designed to keep both dogs and their human companions entertained and smiling. There’s no shortage of thrilling experiences to enjoy.

Belleville Jazz Festival

It’s time to bust a move, Belleville, and put some sizzle in your summer.

The sounds of New Orleans, New York, and Havana are coming to you as Belleville hosts its 2nd annual Jazz Festival from July 28th through 30th.

ANOTHER rate hike by Bank of Canada - What this means for Canadians

In this week's YouTube video, I will go over the latest Bank of Canada interest rate hike & what this means for the Canadian housing market.

Your Mid-July Real Estate Update

Wed, 12 Jul 2023 14:14:18 GMT

Your Mid-July Real Estate Update

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Affordability improves for the first time in 3 years, yet massive challenges persist for homeownership

The Bank of Canada’s rate hike pause brought homebuyers some relief in the first quarter (Q1) of 2023.

According to a report by RBC Economist Robert Hogue, the pause in monetary tightening stabilized mortgage rates and allowed for a correction in home prices, leading to improved affordability.

Financial consumer watchdog issues new guidelines to help support struggling borrowers

The country’s financial consumer watchdog has issued new guidelines for lenders aimed at helping financially distressed mortgage borrowers, in part by discouraging banks from charging interest on interest when the time frame for paying off a loan is extended.

Canada's job gains triple forecasts, strengthening case for Bank of Canada rate hike

Canada’s economy added 60,000 jobs in June, three times what was forecast, but the unemployment rate ticked up to 5.4 per cent as more people searched for work.

Front Street Fair

Experience the vibrant spirit of our beloved downtown district during our Front Street Fair July 15th.

This engaging event is a celebration of local arts, crafts, and entertainment, offering a diverse range of experiences for all ages.

Arkells – Campfire Nights

Join us and celebrate the debut of our Parade Grounds at Base31 outdoor concert venue with 9X JUNO Award winners, Arkells.

The Parade Grounds at Base31 will come alive with Arkells’ special CAMPFIRE NIGHTS outdoor show.

Buying a resale home vs. building

In this week's YouTube video, I illustrate the differences between purchasing a resale home and building from scratch. Check it out - you may be surprised by all of the extra costs associated with building.

June 2023 Real Estate Stats - Quinte | Kingston | Prince Edward | Northumberland

Sat, 01 Jul 2023 22:06:55 GMT

June 2023 Year-Over-Year Residential Real Estate Statistics

Quinte - Kingston - Prince Edward - Northumberland

Check out June's real estate statistics. These stats focus on the median, year-over-year residential numbers across 5 of the largest markets in our region.

If you would like further intel about these statistics, a more localized picture or are curious about commercial statistics, please do not hesitate to reach out.

Median Sale Price

Year-over-year median sale price is down in 4 of the 5 markets with the exception of Belleville. I am expecting year-over-year numbers to continue to be negative through the summer before we start seeing positive numbers across most markets. Interestingly, the data continues to show month-over-month increases with a couple blips along the way in benchmark price since December of 2022.

New Listings

We are starting to see a little more inventory come to the market. With more individuals facing the reality of market conditions, they have decided to make necessary moves that they may have been putting off for the last 12 months. More stability in the market is helping with consumer confidence. Folks in Prince Edward County are likely deciding to hold off listing unless it is necessary with the current high levels of inventory.

Number of Sales

More sales happening in all markets with the exception of Kingston, which had a drop off of activity. Consumer confidence is growing again for first-time homebuyers and people who may have lost out on properties or held off plans during the volatile times of 2022.

Months of Supply

Supply is up in all markets above 3 months which is great to see for buyers. More choice enables sellers to feel confident that they will be able to find suitable accommodations after selling, which in turn may encourage them to transact. Prince Edward inventory still continues to rise with the current inventory not being absorbed.

Original vs. Sold Price

Original vs. sold price down or even in most markets, showing that properties continue to be priced appropriately. This gives buyers and sellers more realistic expectations compared to the uncertainty around pricing in the last 24 months.

June 2023 Real Estate Stats

Quinte | Kingston

Prince Edward | Northumberland

If you would prefer an audio/visual of this information, check out this week's YouTube video breaking down the monthly statistics across our regions' 5 largest markets.

Is The Bank of Canada Rate Announcement Changing Anything?

Tue, 27 Jun 2023 11:21:56 GMT

Is The Bank of Canada Rate Announcement Changing Anything?

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Dip in inflation may not be enough to stop Bank of Canada from raising rates next month

Is the dip in inflation numbers big enough for Bank of Canada to pause rate increases again? Some forecasters expect Bank of Canada to move ahead with another interest rate hike in July.

Experts Share What to Consider When Planning a Bathroom Renovation

Whether it’s a small reno or a full revamp, remodeling a bathroom is an exciting project. From determining the layout and colour palette, to selecting tiling, lighting and fixtures, it can be easy to overlook some crucial considerations as you create your dream bathroom.

Homebuyers and homeowners struggle with ‘obscenely’ high building costs

Exorbitant construction costs for residential real estate across much of Canada are exacerbating the country’s housing affordability crisis and creating maintenance and insurance headaches for homeowners.

Belleville Canada Day

This year, Belleville is excited to bring you an all-star lineup of FREE events and activities that are sure to make your day unforgettable.

PECelebrates

PECelebrates features a variety of events and activities that mark a variety of events, wrapping up with a Canada Day celebration!

What is the MLS Home Price Index (HPI) or Benchmark Price?

Every wonder what people mean when they talk about Home Price Index (HPI) or Benchmark Price? Check out this week's video to learn more!

Canada Needs More Housing!

Tue, 20 Jun 2023 02:24:27 GMT

Canada Needs More Housing!

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Home Sales Up in 70% of Canadian Real Estate Markets

The latest data from the Canadian Real Estate Association (CREA) shows home sales posted a 5.1% increase in May compared to April. When looking back to May 2022, home sales are up 1.4% from the same time last year.

What’s so significant about this trend? Well, for the first time since June 2021, Canada saw an increase in year-over-year sales.

Toronto, Vancouver doomed as they chase away the middle class

Could a “doom loop” be coming to a Canadian city near you? Many signs point to yes. While it may sound like a gravity-defying amusement park ride, a doom loop is a much more terrifying reality where rather than eluding gravity, a city plunges into a bottomless sinkhole of decline.

Blaming immigration for the country's housing crisis disguises the real problem, analysts say

It's an argument that comes up time after time whenever there is a discussion about the housing crisis that plagues Metro Vancouver or anywhere else in Canada.

If Canada can't house the people who already live here, we should stop letting more people into the country.

A Town & Country Garden Tour

Explore eight beautiful gardens of the Bay of Quinte at the 23rd annual A Town & Country Garden Tour. A self-guided tour giving you the opportunity to mix and mingle with other garden enthusiasts and to meet the passionate host gardeners.

Side Hustle Market at Downtown @ Dusk 2023

Support and shop with 20+ local artisans selling the best handmade goods around the Bay of Quinte region from 4-10 pm. You’ll also find street performers, live music, food trucks and so much more.

WE NEED HOUSING - Converting Office to Multifamily in Canada

This week's YouTube video will highlight office to multifamily conversions proposed in the effort to create more housing. Check out the video and let me know your thoughts!

Canadian's LOVE Real Estate

Tue, 13 Jun 2023 12:55:41 GMT

Canadian's LOVE Real Estate

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Why the Bank of Canada will likely raise interest rates again — and maybe again

The Bank of Canada surprised markets by raising its benchmark interest rate last week, but is this a ‘one and done’?

The Bank left little doubt about where it stood in the announcement of the June 7 hike to 4.75 per cent.

NIMBYs and municipal politicians getting in the way of the desperate need for more housing

There was a time when Canada knew how to build homes fast and in large numbers. Not anymore.

How can I make my house safe when I’m away?

Warmer weather is here, so you’re likely spending more time away from home. Which means you aren’t normally aware of what’s going on back at the house when you are out. But that doesn’t mean you need to leave your place unguarded.

Picton Town Hall Farmers’ Market

An eclectic outdoor market supporting local farmers’ and small businesses. The PTHFM is located at the oldest Town Hall in the County, where markets were hosted as far back as 1866, when it was built. The Town Hall remains a designated landmark under the Ontario heritages Act.

Brighton Speedway

Saturday June 17th & Sunday June 18th, presents Workman OK Tire Quinte West School Bus Races featuring Vanderlaan Building Supply Late Models, Bainer’s OilGARD Anti-Rust Canadian Modifieds, Brighton Automotive Thunder Stocks and Bill’s John’s Comp 4.

Canadian's LOVE Real Estate

In this week's YouTube video I will be going over the Canadian Investor Report released by Royal LePage. Check it out. The numbers may surprise you!

May 2023 Real Estate Stats - Quinte | Kingston | Prince Edward | Northumberland

Thu, 01 Jun 2023 20:24:13 GMT

May 2023 Year-Over-Year Residential Real Estate Statistics

Quinte - Kingston - Prince Edward - Northumberland

Check out May's real estate statistics. These stats focus on the median, year-over-year residential numbers across 5 of the largest markets in our region.

If you would like further intel about these statistics, a more localized picture or are curious about commercial statistics, please do not hesitate to reach out.

Median Sale Price

Year-over-year median sale price is down in all 5 markets when compared to May of 2022. Although these numbers are down year-over-year, they are down significantly less, percentage wise compared to YOY stats from April 2022 to April 2023. This illustrates how high the market was run up during the times of low rates.

Interestingly enough, sale price is actually down month-over-month in all markets but Prince Edward. This is unexpected due to the market regaining its steam. The explanation I believe for this is that lower priced inventory is transacting more frequently dragging the median sale price down.

New Listings

New listings are down year-over-year in all markets, with the exception of Prince Edward, which is up substantially. This shows the continued low supply which should be picking up in a spring market. Down as much as 25% in Belleville and Quinte West.

Number of Sales

Number of sales down year-over-year in Belleville and Kingston, but up in Quinte West, Prince Edward and Northumberland. This clearly shows the inventory that is on the market is getting absorbed quicker than it is being replenished when compared to the new listing numbers.

Months of Supply

Months of supply in Belleville, Kingston and Quinte West still in "Seller's Market" territory being under 3 months of inventory. Northumberland slightly higher which could be expected as some homeowners who moved from the GTA may have been called back to work and need to move closer. Prince Edward in full "Buyer's Market" territory with over 8 months of supply.

Original vs. Sold Price

Original vs. sold price down in all markets from May 2022 where over-ask sale prices were still the norm. In most markets we are seeing very close to 100% of original price as the sale price with the exception of Prince Edward which is about 2.5% lower.

May 2023 Real Estate Stats

Quinte | Kingston

Prince Edward | Northumberland

If you would prefer an audio/visual of this information, check out this week's YouTube video breaking down the monthly statistics across our regions' 5 largest markets.

Warm Weather, Hot Market!

Wed, 31 May 2023 00:40:46 GMT

Warm Weather, Hot Market!

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Canadian residential mortgage debt hits $2.08 trillion: CMHC

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt was $2.08 trillion as of January this year, up six per cent from January 2022.

Posthaste: More than half of Toronto new condo investors are losing money for the first time

The losses were substantial. In 2020, such investors were making on average $63 a month. By 2022, they were losing $223 a month and early data suggests by the first quarter of this year that loss increased to $400 a month. About 11 per cent of this group were losing $1,000 a month or more, the report said.

Movers Share Their Top Tips for a Seamless Experience

It’s exciting, right? You’ve just purchased your new home or signed the lease on a new apartment. You’re planning out colour schemes and furniture layouts, but before you can get to that point you need to pack up and move your current home.

Quinte West Pop-Ups

The Quinte West Pop-ups are in their third consecutive year. Beginning May 31, the Pop-ups will be open from Wednesdays to Sundays from 11 a.m. – 7 p.m.

Lake on the Mountain Provincial Park

Discover the mysterious Lake on the Mountain Provincial Park, which is not as straightforward as its name. A freshwater lake situated on a mountaintop.

Canada's Housing Correction is OVER

In this week's YouTube video, I will dissect a housing market update published by RBC making claims that the correction may be over. Check it out and let me know your thoughts!

Post Long Weekend Real Estate Update

Tue, 23 May 2023 11:20:46 GMT

Post Long Weekend Real Estate Update

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Bank of Canada Not Quite Done: Scotiabank’s Forecast Tables

We now expect core measures of inflation to average 3.9% this year. Our predictions for total inflation are largely unchanged and have been stable over the last several forecasts. That being said, our inflation forecasts have been higher than the Bank of Canada’s for quite some time.

'Post-pandemic hangover' forcing many restaurants to file for bankruptcy, association says

Restaurants across Canada are "in crisis" and still fighting for survival, says the not-for-profit association that represents 30,000 of the businesses countrywide.

Restaurants Canada says its members are facing a "triple whammy" of challenges: inflationary costs, labour shortages and COVID-19 loan repayments.

The implications of Toronto’s new fourplex policy on Canada’s housing market

The dynamics of household sizes in Canada and the United States are changing. According to Foch and Hill’s research, over the past century, average household sizes have significantly decreased, with more people opting to live in smaller households. However, a recent trend shows a reversal, as the average number of people in a household is growing.

Jeremy Fisher Live

Listening to Mint Juleps, the fifth album by Jeremy Fisher, is like ambling through the long and relaxed dog days of summer. The acoustic-driven collection of 12 songs reunites Fisher with his folk-drenched musical roots and is a veritable throwback to the golden era of the singer-songwriter.

Walk for Alzheimer's

On Saturday May 27th at 930AM take part in Hastings-Prince Edward Walk for Alzheimer's. Pick of of the 5 locations that work conveniently for you and book it!

Canada's Anti Flipping Tax Will Crash the Housing Market in 2023

This week's YouTube video will give a brief overview of the new "anti-flipping" regulations put in place by the Federal Government. This legislation took affect at the start of 2023.

Real Estate Update Before a Long Weekend!

Tue, 16 May 2023 11:14:55 GMT

Real Estate Update Before a Long Weekend!

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Average Canadian house price rose to $716,000 in April — up by $100K since January

The Canadian Real Estate Association said Monday that the average selling price of a home that sold on its MLS system in April went for $716,000. That's the fourth monthly increase in a row, and it marks a collective increase of more than $100,000 since the start of the year.

Top garden trends for 2023: Ground cover, vertical planters, allergy-friendly plants

The pandemic gardening boom brought to light something that green-thumbers have known for generations: Nurturing plants is good for our mental health.

Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossible

The core issue financial institutions have with self-employed people, however, is that their income is harder to prove. And entrepreneurs are incentivized to minimize taxes by writing off as much as possible against their self-employed earnings, reducing what’s shown as income.

Front Street Farmers' Market

The Front Street Farmers’ Market is beautifully nestled along the Trent Severn Waterway at 67 Front St., in Downtown Trenton. Market hours are 8 a.m. – 1 p.m. every Wednesday and Saturday from May to October.

Asado Experience @ Parson's

An asado is a rustic yet refined outdoor experience that centres around a community coming together to enjoy a meal. It is as much about connection as it is about enjoying delicious food and drink.

What You Need to Know When Buying a Tenant Occupied Property in Ontario

This week's YouTube video will highlight important factors to note if you are considering buying a tenant occupied property. Whether it is an investment property or owner occupied, check out this video for some important things to consider!

Selling a tenant occupied property? Check in with last week's video for more information on this!

Early May Real Estate Update

Tue, 09 May 2023 11:12:22 GMT

Your Early May Real Estate Update

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Looks like Canada's housing market has finally turned the corner

There had been signs that the market would hit its bottom this spring, but “April pretty much sealed the deal,” said RBC assistant chief economist Robert Hogue.

Multigenerational home construction could surge in Canada, says executive

With the supply shortage in Canada’s housing market showing little sign of improving, multigenerational homes could see a big rise in popularity in the coming years.

'Summertime Bank of Canada hike'? What the economists are saying about April's job numbers

Canada added 41,400 jobs in April , beating the consensus forecast of Bay Street economists for a gain of 20,000, according to new data released by Statistics Canada on May 5.

Sandbanks is Open!

Book an afternoon at Sandbanks to kick off your spring! It may not be beach weather yet, but you can still enjoy the sand and picturesque views of Lake Ontario & West Lake.

Live Music: County Strings

County Strings is comprised of cellist Amber Walton-Amar and Jenna Gallagher. Amber and Jenna are Quinte based musicians who love to bring string arrangements of your favourite tunes.

What You Need to Know When Selling a Tenant Occupied Property in Ontario

This week's YouTube video will highlight important factors to note if you are considering selling a tenant occupied property. Whether it is to an investor or end user, check out this video for some important things to consider!

April 2023 Residential Market Statistics

Tue, 02 May 2023 02:59:01 GMT

Year Over Year Residential Real Estate Statistics

Quinte - Kingston - Prince Edward - Northumberland

Check out April's real estate statistics. These stats focus on the median, year-over-year residential numbers across 5 of the largest markets in our region.

If you would like further intel about these statistics, a more localized picture or are curious about commercial statistics, please do not hesitate to reach out.

Median Sale Price

Year-over-year median sale price is down in all 5 markets. This is not surprising, as we were seeing higher sale prices in April of 2022 due to lower rates and more demand. In all of the markets except Prince Edward, we are seeing an increase in month-over-month numbers which suggests prices may be on the rise in the coming months.

New Listings

New listings are down 10-20 percent across most markets but again are up month-over-month. These inventory levels are historically low for this time of the year, which gives buyers less choice when purchasing a home. Sellers who are looking to make a move seem more hesitant to list their property with the fear that they won't find something suitable to move into.

Number of Sales

Number of sales are down year-over-year but up month-over-month in all markets except Belleville. This correlates with a normal spring market having more activity in April than March.

Months of Supply

Belleville, Quinte West and Kingston are still under 3 months of inventory despite the increase in new listings. This illustrates the low amount of inventory in these markets. Even when there are less buyers in the market, there is still not a lot of product to choose from. Northumberland and PEC are showing higher than 3 months and are on the rise month-over-month. These areas were hot spots for people moving from the GTA during the pandemic. We may be seeing increased inventory due to people moving back to the GTA as their work normalizes.

Original vs. Sold Price

Original vs. sold price down over all markets from April of 2022 where the majority of homes were selling for over ask price. Expect that the price the home is listed at, if it is priced correctly, will be relatively close to the sale price.

This week's YouTube video

April 2023 Residential Real Estate Statistics.

If you would prefer an audio/visual of this information, check out this week's YouTube video breaking down the monthly statistics across our regions' 5 largest markets.

The Spring Market is Heating Up!

Wed, 26 Apr 2023 02:52:20 GMT

The Spring Market is Heating Up!

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Helical piles can speed up a home renovation

Helical piles are screwed into the ground, using specialized equipment, until a specific torque and depth meet the supported structure’s bearing load specifications.

Is OSFI set to increase regulation around mortgage qualification?

With the Office of the Superintendent of Financial Institutions (OSFI) recently warning that housing market weakness might be the sector’s defining feature this year, veteran economist Sherry Cooper said this builds the case for further regulatory tightening before the end of 2023.

Housing prices rise month over month for the first time in 10 months

The cost of Canadian housing could finally be tracking back up, according to the latest results from a long-running index, but the economist who prepared the report thinks it’s too early to say.

Countylicious - Spring 2023

Visit from April 12 – May 1, 2023 for three weeks of prix fixe menus from 12 County restaurants you know, love, and have been dying to try.

Head to countylicious.ca to discover the full line-up of restaurants. Menus and more information to come!

Castanets and Sangria!

Passionate and exciting music by Quinte Symphony. A program with a Latin flavour! Featuring soloist, Jeff Hanlon, guitar, performing Spanish and Flamenco selections.

Tickets available for $0 – $33.28 online at Eventbrite, McDowell’s, Sam the Record Man, The Brake Room and at the door.

Your Guide to Belleville, Ontario

This week's YouTube video will highlight the 10 wards in Prince Edward County & the benefits they each offer. Interested in learning more? Click the link below.

Volatile Weather & Stable Market?

Wed, 19 Apr 2023 04:21:48 GMT

April's Volatile Weather & Stable Market?

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Inflation is falling sharply. But that doesn’t mean the end of rate hikes

Even though inflation is showing signs of significant cooling, the Bank of Canada is warning that progress might not be enough to prevent further interest rate hikes.

Canadian CRE investment trends

The latest results from Altus Group’s Canadian Investment Trends Survey (ITS) for the four benchmark asset classes show that the Overall Capitalization Rate (OCR) rose to 5.47% in Q1 2023. This is an increase compared to the previous quarter at 5.36%. Lending practices have tightened with increased scrutiny and higher carrying costs.At the beginning of the year, a new statute was introduced to address housing supply woes for Canadian citizens.

However, after a few short months, the legislation has inadvertently sunk a number of development and real estate investment deals and has led to other unforeseen consequences which are inconsistent with its purpose.

Average house price was $686,371 in March — slightly up from February but still $130K below 2022 peak

The number of homes being sold and the prices they're selling for are still dramatically lower than they were a year ago, but Canada's housing market is showing signs of rebound this spring with prices and sales volumes inching higher in March compared to February.

Belleville Theatre Guild Presents “The Dining Room”

This play takes place in the dining room of a well-to-do household of the 1980s, once the centre of family life and now neglected. The action is comprised of a series of interrelated scenes, some hilarious, others touching and thoughtful, all connected to the overall theme of the the dining room.

Six actors portray a wide variety of characters from children to grandparents, teenagers to hired staff, changing roles, personalities and ages. A fast-paced tour de force for actors and pure enjoyment for the audience.

Sunday Pancake Bubble Brunch

From 11AM-5PM join Karlo Estates for buckwheat pancakes topped with yogurt, fresh fruit, and local maple syrup, as well as coffee or tea.

Also enjoy a refreshing glass of new 2021 Bubble sparkling wine or mimosa.

Their last vintage (2020) of Bubble earned a Gold Medal in its first vintage at the All Canadian Wine Championships and their winemakers feel this one is even better.

Your Guide to Belleville, Ontario

This week's YouTube video will cover a high-level overview of different areas and neighbourhoods to live in Belleville. Have additional questions about the Belleville market? Ask away.

Is the Spring Market Here Yet?

Tue, 11 Apr 2023 11:23:32 GMT

Is the Spring Market Here Yet?

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

How to take advantage of the new tax-free first home savings account

April 1 marked the official launch date of the tax-free first home savings account (FHSA) , Canada’s newest registered savings plan. As financial institutions start offering these in the weeks and months ahead, here are five things you need to know to take full advantage of these new plans.

Canada amends prohibition on foreigners acquiring residential real estate

At the beginning of the year, a new statute was introduced to address housing supply woes for Canadian citizens.

Buyers return to Toronto housing market as prices climb after sluggish period: TRREB

The Toronto Regional Real Estate Board says competition between buyers started to re-emerge last month as the average home price in the area ticked above the average list price for the first time since May 2022.

Notwaste Outdoor Centre

NOC Inc. is a family-based business located in Quinte West, Ontario. The owner/operator made the outdoor wellness centre a reality with the completion of the outdoor sauna, walking paths, tennis court & more.

Quinte Home & Lifestyle Show

The Quinte Home Builders Association present the 2023 Quinte Home & Lifestyle Show - April 14-16, 2023. This is a special how where they will be celebrating 50 Years of QHLS!

Canada is in a Rental Housing Crisis!

In this week's YouTube video, I will speak to the points highlighted in a report published by RBC on the state of the rental housing market in Canada. We will go over some high level details on what this report means for the rental market moving forward. Check out the report here: https://thoughtleadership.rbc.com/proof-point-shortfall-in-canadian-rental-housing-could-quadruple-by-2026/

March 2023 Residential Market Statistics

Sun, 02 Apr 2023 12:04:09 GMT

Bay of Quinte & Prince Edward County Residential Real Estate Statistics

Check out March's real estate statistics. These stats focus on the median, year-over-year residential numbers across 5 markets in the Bay of Quinte & Prince Edward regions.

If you would like further intel about these statistics, a more localized picture or are curious about commercial statistics, please do not hesitate to reach out.

Median Sale Price

Median sale price is down across the board as expected when comparing these numbers to March 2022. February and March 2022 were the peak of the market in most areas across Ontario. For the second month in a row, Prince Edward County has been up year-over-year. Although the market has fallen in PEC, this shows higher-end homes continue to transact, pushing the median sale price up. Luxury homes and second residences are generally lower leveraged which in theory, would make them less correlated with rates.

New Listings

New listings down across the board, with the exception of Brighton. Sellers continue to be hesitant to list as they may be locked in to a lower mortgage rate. Making a move may not make sense, unless they are up for renewal as their payment would likely increase for a similar priced home. This supply issue runs full circle as people who are thinking of selling want to have a suitable property to move into. If there is no supply on the "buyer end" they are less likely to list.

Number of Sales

Number of sales down drastically across all markets. Almost a 50% decrease in Prince Edward and Quinte West. This illustrates the contrast of consumer confidence compared to just one year ago. Although number of sales are down year-over-year, they are up month-over-month in all markets noted. This shows homebuyers are gaining confidence in the housing market. Bank of Canada holding rates seems to have played a part in this.

Months of Supply

Although supply looks to be through the roof when we are looking at year-over-year numbers, these markets, with the exception of Prince Edward, are all in "buyer's market" territory based solely off months of supply. This is not to say that we are in a buyer's market by any means, but if there is a rush of homebuyers that come out of the woodwork, we may see supply issues come spring if more product does not come to market.

Original vs. Sold Price

Again, down year-over-year as expected from March of 2022 when multiple offers and over ask offers were almost guaranteed. We are seeing prices stabilize over the last few months, putting sellers and buyers on the same page. In all markets, we are seeing homes sell for slightly below their original list price.

This week's YouTube video

March 2023 Bay of Quinte/PEC Residential Market Statistics

If you would prefer an audio/visual of this information, check out this week's YouTube video breaking down the monthly statistics across the Bay of Quinte and Prince Edward markets.

What Happened in Real Estate During the Month of March?

Wed, 29 Mar 2023 12:48:58 GMT

What Happened in Real Estate During the Month of March?

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Canada amends foreign homebuyer ban regulations

The changes, announced Monday, expand exceptions to allow non-Canadians to purchase residential properties under certain circumstances and seemingly address many of the concerns raised over the last few months.

Real estate activity in Canada’s cottage country returns to seasonal norms after more than two years of pandemic-fueled exuberance

Following a period of relentless buyer demand and fast-rising home prices during the pandemic real estate boom, Canada’s recreational markets are anticipating more subdued activity levels and price declines in 2023.

Getting your backyard and garden ready for spring

With the early days of spring upon us, we start thinking about spending lots of time outdoors with friends and family in our backyards. Springtime is when we start to prep our outdoor space for the upcoming warmer seasons.

Spring Into Treasure

Gather some family and friends to experience an amazing Spring scavenger hunt from 12pm-3pm on April 1st!

Pick up your Bingo Card and get it stamped in participating locations to win prizes for the first 300 kids and get entered into a draw to win larger prizes.

Wood Egg Tray Easter Painting Workshop

Are you looking for the perfect easter experience with your little ones? Then, with Easter just around the corner, attend the Wood Egg Tray Painting Workshop.

Open Offers Will NOT Change Real Estate

In this week's YouTube video, I share my thoughts on the new open offer program bring rolled out by REALTOR.ca. Will it change the real estate market and create more transparency? Watch to find out.

The Spring Market Has Arrived!

Tue, 21 Mar 2023 14:29:01 GMT

The Spring Market Has Arrived!

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Buyers spring back: Sidelined Canadians plan return to market

More than a quarter of Canadians who put their home purchase plans on hold over the last year say they will resume their search this spring.

'It's not always straightforward': The risks and rewards of buying a pre-construction home

While the benefits can be alluring in a tough housing market, don’t let your excitement lead you into a bad decision

Canadians remain optimistic about long-term financial performance of real estate: report

An overwhelming majority of Canadians remain confident about the long-term financial performance of residential real estate, according to a recent report by Mustel Group and Sotheby’s International Realty Canada.

Belleville Sens vs. Milwaukee Admirals

Go cheer on our Belleville Sens as they take on the Milwaukee Admirals this Saturday at 7:05PM. Full Schedule and tickets available below!

Swing Into Spring

2023 marks the 13th year of the Prince Edward County Jazz Festival Jazz Education Program. This unique program for high school students provides an opportunity for young musicians to work with some of Canada's top jazz performers and music educators.

Offer Dates Are BACK!

This week's YouTube video will highlight offer dates coming back into play as a strategic tool. With more buyers in the market and still relatively low inventory, offer dates are coming back into play, especially on lower priced product.

Mid-March Real Estate Report

Tue, 14 Mar 2023 11:50:48 GMT

Your Mid-March Real Estate Report

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

A new savings tool is about to arrive, and combined with the Home Buyers' Plan you can save an even bigger down payment

Using both tools can help you to lower taxable income and save tens of thousands for a downpayment.

Ontario has over a million homes in the pipeline, but needs developers to put shovels in the ground: report

Ontario has more than 1.25 million potential new homes already in the development pipeline — it just needs to figure out how to convince builders to get shovels in the ground, say experts who manage planning in cities across Ontario.

Spring decorating tweaks make all the difference

Spring is so close, you can practically smell the hyacinths in bloom. For many that gives hope for longer days (more sunshine, yea!), spending time outside and getting the house ready for the warmer months.

Bay of Quinte St. Patrick's Day Events

Your guide to What's On In Quinte on St. Patrick's Day. Event's across Bay of Quinte and Prince Edward County running Saturday March 17.

In my End is my Beginning Art Display

Gallery 121 is proud to present the works of the late Walter Sawron and member artists in their upcoming show running Tuesday March 14th - Saturday Apr 22, 2023.

Did Bank of Canada Just Kick-Start the Housing Market?

To you GTA folks thinking of moving to the Bay of Quinte or Prince Edward areas, check this video out. If you are local and trying to convince your friends of how great the area is, send this video their way!

March Real Estate Update

Wed, 08 Mar 2023 02:51:09 GMT

Your Real Estate Update for the First Week of March

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Bank of Canada expected to pause, but limping loonie could spur hikes in months to come

Too early to say interest rates have peaked, say economists.

Canadian Consumers Are Feeling Confident… About Real Estate

The latest Bloomberg Nanos Canadian Confidence Index (BNCCI) reveals that consumer confidence hit a six-month high in February.

Make energy efficiency a priority when planning your renovation

Many homeowners are looking for ways to lower their energy bills these days. If you are one of them, you will want to prioritize energy efficiency during your next renovation.

Explore Belleville's Urban Trails

Kiwanis Bayshore Recreational Trail is 2.75 km in length and borders the north shore of the Bay of Quinte. Lighted and paved, it is part of the Lake Ontario Waterfront Trail. Along the trail is Meyers Pier marina.

PEC March Maple Madness

Hope you can stay awhile, and explore all the amazing things Prince Edward County has to offer. Check out a sugarbush, pet alpacas, snowshoe through a winery - there's a little something for everyone.

Should I Move From Durham to Bay of Quinte or Prince Edward County?

To you GTA people thinking of moving to the Bay of Quinte or Prince Edward areas, check this video out. If you are local and trying to convince your friends of how great the area is, send this their way!

February 2023 Residential Market Statistics

Wed, 01 Mar 2023 22:24:45 GMT

Bay of Quinte & Prince Edward County Residential Real Estate Statistics

Check out February's real estate statistics. These stats focus on the median, year-over-year residential numbers across 5 markets in the Bay of Quinte & Prince Edward regions.

If you would like further intel about these statistics, a more localized picture or are curious about commercial statistics please do not hesitate to reach out!

Median Sale Price

Median sale price is down across the board as expected when comparing these numbers to February 2022. February and March 2022 were the peak of the market in most areas across Ontario. An outlier here is Prince Edward County. Although it is hard to track data in PEC because of a vast variety of home prices, these stats show higher priced homes in PEC are transacting, which shows consumer confidence returning in PEC.

New Listings

New listings down across the board, again with the exception of Prince Edward. Sellers are hesitant to list as they may be locked in to a lower mortgage rate. Making a move may not make sense unless they are up for renewal as their payment would likely increase for a similar priced home. There is also not much inventory to choose from if you do move, which is why we are seeing more "sale of buyer's property" offers.

Number of Sales

Number of sales down as well due to the low amount of listings and inventory as noted above.

Months of Supply

We have a very low supply of inventory which is caused by sellers not wanting to list their home. There are buyers out there looking to purchase their first home, move-up or down size, but the lack of quality product on the market keeps these buyers on the sidelines. To all my clients looking to purchase, I have not forgotten about you, there just isn't anything to send you!!!

Original vs. Sold Price

Gone are the days of multiple offers & over ask sold prices, right? For the most part we are seeing homes priced slightly over market value and selling for a little under ask price. For highly desirable homes there is still a lot of interest and multiple offers are not uncommon. A trend of underpricing homes and setting offer dates seems to be emerging again for some listings catering to investors and homes in coveted locations.

This week's YouTube video

February 2023 Bay of Quinte/PEC Residential Market Statistics

If you would prefer an audio/visual of this information, check out this week's YouTube video breaking down the monthly statistics across the Bay of Quinte and Prince Edward markets.

It's Almost March! What's Happening in Real Estate?

Wed, 22 Feb 2023 12:46:50 GMT

It's Almost March! What's Happening in Real Estate?

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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Mortgages 101: What is Canada’s stress test?

Buying a home is the largest purchase most Canadians will make – and as of mid-2022 it became even more expensive, with rising interest rates driving up the cost of borrowing.

Ontario needs 1.5 million new homes. But the province faces a generational labour shortage

If you ask anyone in Ontario's construction industry, they'll tell you they have a big problem: too much work and not enough workers. Ontario's government wants to build 1.5 million homes over the next decade, but says it will need 100,000 more workers to carry that out.

Posthaste: You need to earn thousands more to own a home in these Canadian cities, despite falling prices

According to data complied by Ratehub.ca , the required income needed to buy a home has increased in nine out of 10 major Canadian markets, compared with January 2022, thanks to large increases in fixed and variable-rate mortgages.

Savour the Chill

Savour the Chill is back for its 19th year. The soup tasting contest will once again see downtown restaurants compete for the People’s Choice Award voted by soup samplers and the Judges’ Choice Award, voted by our judges. This year’s Savour the Chill will take place on Saturday, February 25th. The event goes from noon until 3pm!

Fondue Fridays at The Eddie

In the Victorian Foundations of The Red Barn at The Eddie, on Loyalist Parkway, between Wellington and Bloomfield. This cozy evening of authentic cheese fondue, served with all the traditional accompaniments, for you and your guests to enjoy. Starts at 7PM, limited seating available.

How Much Can I Increase Rent in Ontario?

This week's YouTube video will shed light on rental increase guidelines which are set in place by the Ontario Government. Find out which properties are exempt & more.

Mid-February Real Estate Update

Wed, 15 Feb 2023 11:36:18 GMT

Mid-February Real Estate Update

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 related.

Need a break from real estate news? Check out things to do this Family Day weekend in Bay of Quinte and Prince Edward County.

‘A year of two halves:’ TRREB releases 2023 outlook

The second half of 2023 will see a slow but steady rise in home sales and intensified competition among buyers in the Greater Toronto Area (GTA), according to the Toronto Regional Real Estate Board (TRREB).

Posthaste: Most Canadians see themselves as future homeowners despite rising rates, home prices

Two-thirds of Canadians still see themselves as future homeowners despite a housing market that continues to be plagued by high interest rates and unaffordable prices, according to a new report by NerdWallet Canada.

Turning empty offices into housing is a popular idea. Experts say it's easier said than done

Several Canadian cities are facing high office vacancy rates even as many workers have returned to downtown towers and suburban business parks. With residential rents increasing and a housing shortage in much of Canada, the idea of turning empty offices into housing is very trendy. There's even government funding for renovating offices into residential use.

PTGA Diamond Dinner Fundraiser

Enjoy your Family Day on the ice for a free skate at one of the locations above! Compliments of the Royal LePage ProAlliance family.

Brunch & Skate @ Parsons Brewing Co.

Celebrate Family Day Weekend with us! Join in some family fun for all ages. Back by popular demand, enjoy a winter carnival filled with winter games, hot chocolate & horse-drawn wagon rides.

Is Commercial Real Estate Crashing?

This week's YouTube video will highlight some recent statistics on the health of the Canadian commercial real estate market including land, office, multifamily, industrial & more!

February Real Estate Headlines & More

Tue, 07 Feb 2023 12:44:10 GMT

February Real Estate Headlines & More

Your weekly update for the first week of February 2023 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 related.

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Rezoning amendment for former Ben Bleecker building property

The City of Belleville’s Planning Advisory Committee has approved a rezoning amendment to a big housing development planned to come to Belleville’s west end.

This would allow a 10-storey apartment building to be built on the north section of the former Ben Bleecker building property.

Designers predict the top kitchen trends for 2023

Connected to multiple rooms and key to cooking and entertaining, most kitchens are at the center of the home.

This year, its relationship to surrounding rooms is driving many of the trends, but kitchen design is still all about getting the look and functionality that matches your lifestyle. Here are the 2023 kitchen trends experts expect to see in the coming year.

Investors made up 20 to 30% of homeowners in some provinces: Statistics Canada

OTTAWA - New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020.

PTGA Diamond Dinner Fundraiser

Support PTGA by attending a Valentine’s fundraising dinner to raise money to provide monthly activities/peer support for local Veterans and First Responders.

Brunch & Skate @ Parsons Brewing Co.

This winter, join check out Parsons Brewing Company on Sundays for brunch and skating. Add this to your PEC Winter Bucket List.

This week's YouTube video

This week's YouTube video will walk the viewer through the high level steps of starting a Short Term Accommodation in Belleville. As of March 28/2022, STA's in Belleville need to be licenced by the city. STA's are classified as anywhere hosting guests for less than 30 days.

January 2023 Residential Market Statistics

Sun, 05 Feb 2023 23:05:11 GMT

Bay of Quinte & Prince Edward County Residential Real Estate Statistics

Here are the median residential market statistics for the month of January 2023, powered by ITSO. These statistics include 5 different geographic areas I frequently service.

Keep in mind these stats are for residential sales only and are year-over-year figures. If you would like more in depth analysis or commercial data, please do not hesitate to reach out

Median Sale Price

Median sale price still down in our Belleville, Quinte West and Napanee markets substantially. Brighton and Prince Edward areas are up YOY. These markets tend to show as quite volatile due to the large price differential in homes and smaller sample sizes. It's worth noting only 4 homes were sold in the Greater Napanee area in Jan 2023, so all stats will be subject to extreme volatility.

New Listings

We are seeing more inventory over all markets except PEC, which is expected due to its seasonal attractiveness. All markets showing more inventory than December 2022, but typical low January numbers.

Number of Sales

Number of sales down across all markets as well due to a quiet January. With the combination of indecisiveness around the BoC announcement, coupled with low inventory and bad weather, these numbers are not surprising.

Months of Supply

A healthy amount of supply across 4 of the 5 markets. A lot more homes on the market in PEC than sales. This may be due to the new subdivisions being developed in and around Picton which we have not seen in past years. It's worth noting, the rest of the markets are in comfortable balanced market territory based on inventory.

Original vs. Sold Price

Sold vs original list price down from times of multiple offers and purposefully low priced homes. All markets are showing relatively close sold to list price translations which indicates sellers are pricing their homes appropriately. Buyers are realizing not every seller is forced to sell and are purchasing homes for fair prices.

This week's YouTube video

January 2023 Bay of Quinte/PEC Residential Market Statistics

If you would prefer an audio/visual of this information, check out this week's YouTube video breaking down the monthly statistics across the Bay of Quinte and Prince Edward markets.

Bay of Quinte & Prince Edward County Real Estate Blog

Fixed vs. Variable in a ‘Wait-and-See’ Market

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.

CMP Magazine

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

The Sweeping Bazaar

Mother’s Day Market at The Willows

One-Year Tax Break & The Downsizing Delay

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.

CBC.ca

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Indigenous Creative Spaces and Treaty Partner Gatherings

Front Street Farmers’ Market

Extreme Markets & Massive New Tax Breaks

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.

CTV News

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Quinte West Spring Scavenger hunt

LIVE MUSIC: Paul O’Brien @ Meyers Creek Brewing

March Market Reality

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.

CMP Magazine

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Quinte West Spring Scavenger hunt

Spring Market Fest

The New Home Advantage

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.

Financial Post

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Opening Reception for

﻿ “Windows & Mirrors

Jazzlicious at Pho Blue Basil

Homeownership is Evolving

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.

Storeys

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Cousin Gibbard Suede at UpFront Café

Easter Market at The Willows

Ontario Expands HST Rebate on New Homes — What It Means for Buyers

Ontario Expands HST Rebate on New Homes — What It Means for Buyers

What’s Changing

Key Timelines

What This Looks Like in Practice

Why This Matters

Bottom Line

Your Dream Home Just Got Cheaper

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.

BNN Bloomberg

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

RISE: Give to Gain

Greater Napanee Spring Market

Key Terms & Real Estate Drama

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.

Real Estate Magazine

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Buck(ish) Shuck at The Local Social House

Ready, Jet, Go! March Break at the National Air Force Museum of Canada

First-Time Buyer GST Rebate on New Construction Homes in Ontario

First-Time Buyer GST Rebate on New Construction Homes in Ontario

1. Ontario HST Rebate (Provincial)

2. Old Federal GST Rebate

3. New First-Time Buyer GST Rebate

How This Interacts With the Ontario $24,000 Rebate

What This Means for Buyers

Example: $500,000 New Construction Home (Ontario)

Step 1: Add the Ontario rebate back to the price

Step 2: Break down the tax components

Step 3: Apply the First-Time Buyer GST Rebate

Step 4: Effective purchase price

Important Contract Clause

Bottom Line

Market Extremes & Hidden Value

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.

Real Estate Magazine

Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte and Prince Edward County region!

Thru the Lens March Gallery Show

Quinte West FamilyFest

The New Market Reality

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.

Real Estate Magazine

“Windows & Mirrors