May Sales Volume Plummets 📉

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. 

New housing starts mean $100,000 per home needed to fund infrastructure: report

As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says. The report, funded by the Canada Infrastructure Bank, estimated the average cost of infrastructure needed to support housing likely exceeds $100,000 for each newly built home.

Here’s how would-be homebuyers are responding to the Bank of Canada rate cut

The first interest rate cut from the Bank of Canada in more than four years will not be enough to help most prospective homebuyers feeling sidelined by high borrowing costs, new polling suggests. The Ipsos poll conducted exclusively for Global News after the Bank of Canada’s 25-basis-point rate cut on June 5 shows pessimism about housing affordability persists.

Liberals Table Capital Gains Tax Changes: Recreational Property Owners, Take Note

The feds made their first major move on the capital gains tax front today. Deputy Prime Minister and Finance Minister Chrystia Freeland took the first legislative step toward increasing the inclusion rate on capital gains when she tabled a Notice of Ways and Means Motion in Parliament to implement the changes.

Downtown @ Dusk is Back to Celebrate the Summer Solstice with an Epic Street Party in Downtown Belleville. On Friday, June 21st from 4pm – 10pm head downtown to experience the summer solstice celebration on Front Street.

Thomas Mastin LIVE

Join The Smokin' 116 Bistro on Friday, June 21st at 8 PM for an unforgettable night with the talented Thomas Mastin as he performs his original music along with some unique twists on your favourite tunes.