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

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 Homes Sales Drop as CREA Downgrades 2025 Forecast

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

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.

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.