May 2025 Canadian Real Estate Snapshot: Balanced but Shifting

May Market Snapshot, Eager Homebuyers & More!

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. 

More than half of Canadian renters eager to buy a home: Royal LePage

More than half of Canadian renters are eager to buy a home, and the conditions for doing so have improved as interest rates decline, supply increases and affordability improves in many markets across the country.

Systemic changes “essential” to ramp up Canada’s homebuilding: CMHC economist

Canada Mortgage and Housing Corp.’s new estimates on Canada’s housing supply show that a return to 2019 housing affordability levels is possible – but getting there will require a major homebuilding overhaul.

Belleville Concerts on the Bay

Enjoy free live music and entertainment at the Lion’s Pavilion in West Zwick’s Park on Wednesday and Sunday evenings this summer. Hosted by the Belleville Lions Club for over 30 years, this beloved waterfront concert series kicks off at 6:30 PM in June and July, and 6:00 PM in August. Bring a lawn chair and soak in the music while supporting local community initiatives through donations.

Movie Under the Stars

Experience a summer evening at Sandbanks Winery with a movie night under the stars on June 28th. Enjoy wine, lawn games, small bites, and a screening of a classic seaside thriller in celebration of its 50th anniversary. Tickets include popcorn and a drink option, with seating starting at 9 PM—guests are encouraged to bring blankets, lawn chairs, and bug spray.