October Residential Stats & More!

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. 

Surging prices just dealt a severe blow to housing affordability

Housing affordability in Canada was dealt a major blow in the third quarter as surging prices wiped out most of the gains made earlier in the year, according to the National Bank of Canada‘s latest housing affordability monitor.

The ‘Bank of Mom and Dad’ is no longer just for down payments

For first-time homebuyers, adding their parents’ income on a mortgage application can make the difference between being able to purchase a home or not. But mom and dad should keep in mind the potentially complicated tax and financial considerations related to putting their names on the title, experts say.

Builders report housing supply likely in peril due to higher costs and interest rates: CHBA

As much as 65% of CHBA’s latest survey panel said that interest rates compelled them to build fewer units during the third quarter, while 37% reported that they have outright cancelled projects, significantly higher than the 26% share seen in Q2.

On Sunday November 12th, the Sens will be hosting their first Sunday Funday Game featuring a family-friendly 2:00 p.m. start time and kids zone activities starting at 1:00 p.m. Kids Zone activities include colouring and poster-making stations, a balloon animal artist, and a temporary tattoo station.

Presented by the Prince Edward County Arts Council, The Maker’s Hand is is one of Eastern Ontario’s most well regarded fine craft shows featuring 40 artists from across Ontario and Western Quebec. This year’s show offers a dynamic mix of contemporary work and traditional favourites- truly a show for all tastes!