Jumbo Rate Cut Incoming ✂️

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. 

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

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

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

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.

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.