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 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!

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.