How's the Market Heading Into Fall? 🍂

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 higher savings rate might not save Canadians from the mortgage cliff

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

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

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. 

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.