Market Rebound With Buyer Rules Shift
October Market Update, Rules Adjustment
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.
October Sales Surge Brings Mixed Price Signals
Belleville and Quinte West marked their strongest October sales since 2021, but inventory dynamics drove contrasting results. Belleville prices firmed as buyers absorbed supply, Quinte West softened under high inventory, and Prince Edward County saw both sales and prices move lower.
Federal budget extends foreign buyer ban on existing residential housing until 2029
National Post
Under Budget 2026, the federal government is extending the foreign buyer ban on existing homes until January 1, 2029, while introducing an exemption for newly constructed properties. The shift aims to protect resale affordability for Canadians while drawing private capital into new residential supply to help close the national housing deficit.
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 and Prince Edward County region!
Christmas Market
Wineries, Taste the terroir
Home to over 40 wineries, Prince Edward County pairs world-class cool-climate wines with warm, approachable hospitality. Plan a visit around private cellar tastings or signature seasonal events like Terroir and Wassail to experience the region from vine to glass.
Why Move to Prince Edward County?
Known for its vineyards, beaches, and artistic charm, Prince Edward County offers a lifestyle unlike anywhere else in Ontario. From the lively boutiques of Picton to the tranquil waterfront home of Wellington and Bloomfield, the County attracts those looking for space, character, and community. With Sandbanks Provincial Park drawing visitors from across Canada, PEC has grown into a year-round destination for both full-time residents and seasonal homeowners. With its award-winning restaurants, strong arts scene, and reputable schools, PEC offers both charm and opportunity.
Trust Kehoe Real Estate Group to help you navigate the County’s evolving market with insight, integrity, and proven results.
