Is the Spring Market Poised for Growth? 🌷

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 home sales jump 22 per cent from last year's weak start

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

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

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.

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.