Market Update: Rates, Supply, & Outlook

July 26, 2026

Canadian Real Estate: What’s Next

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.

Ontario’s Rental Market Shift Explained

Ontario’s rental market may finally be reaching a turning point. After nearly two years of rising vacancies and falling rents, new data shows the first signs of market stabilization—driven by a massive wave of new supply across Ontario and right here in the Bay of Quinte. Watch to see what these shifts mean for tenant choices, asking rents, and real estate investors!

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Despite rate stability, key uncertainties still hang over Canadian real estate

Wealth Professional

The Bank of Canada’s steady interest rates offer much-needed market stability, yet broader economic uncertainties—such as trade tensions, living costs, and AI-driven job concerns—continue to weigh on buyers and businesses. According to Keith Reading, Senior Director of Research at Morguard, success in today's market relies on a conservative, long-term approach focused on stable returns rather than high risk. While residential and condo markets face headwinds, commercial sectors like industrial, grocery-anchored retail, and top-tier office spaces continue to show resilience and solid investment potential.

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!

Brighton Concerts in the Park

Enjoy live music under the open sky as the Concerts in the Park series returns to Memorial Park in Downtown Brighton! The lineup features top local talent including Whiskey Mojo on July 29, the Brighton All Star Band on August 5, The Plowboys featuring Freddy Vette on August 12, The Reasons on August 19, and Steve Pitticco & Friends on August 26. In the event of rain, performances will move to Thursday nights at 6:30 PM.

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Industry Meet Up Monday’s at Meyers Creek Brewing! Work in the food and beverage industry, and your day off is always on a Monday? Because after a week of work, it’s time to kick back, relax, and have some fun.

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Napanee Fair Kickoff

Bringing agricultural awareness and classic family fun to the community on Friday, July 31! The day starts with home craft and fair exhibit entries from 8 AM, followed by judging in the afternoon. The excitement builds at 4 PM when the Midway opens, along with the petting zoo, poultry barn, and agricultural exhibits at 5 PM. Evening highlights include the truck and big tractor pull starting at 6 PM, official opening ceremonies in the Palace at 7 PM, and the popular Talent Show at 7:15 PM.

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Looking for the best places to live in Belleville, Ontario?

Belleville Neighbourhoods | Whether you are a first-time homebuyer or relocating to the Quinte area, choosing the right community is key to your lifestyle. From historic charm to modern new builds, Belleville real estate offers diverse options for every budget.

Ready to Work with a Team You Can Trust?

Whether you’re selling your home, exploring investment opportunities, or relocating, Kehoe Real Estate Group is here to guide you every step of the way. Check all our listings.