Ontario Can Handle Mortgage Renewals

October 31, 2023

Mortgage renewals, new home shortages, Bank of Canada predictions & more!


ο»ΏYour 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. 


Investors and investments are key to building more housing in Canada

Canada Mortgage and Housing Corp. estimates this country must build almost six million new homes by 2030 to restore housing affordability, but the odds of meeting this target, or even half of it, are low given that not even 2.5 million homes have been built in any decade during the past 100 years.

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Bank of Canada says it is not seeing the decline in house prices it had expected

The Bank of Canada says higher interest rates have not dragged down home prices as much as expected, because a shortage of homes in the country is keeping values elevated.

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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 & Prince Edward County areas!

Wellness Retreat at Black Bear Ridge

Surrounded by 900+ acres of lush forest, BBR’s first Wellness Retreat has curated a ticket to R&R through inspiring human connections. Take advantage of this weekend retreat or day experience only. 

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Quintelicious

This year, Quintelicious is celebrating the incredible bounty of the City of Belleville, from fresh produce grown on local farms to locally produced ingredients, breweries, wineries, and restaurants.

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Ontario CAN Handle Mortgage Renewals

In this week's YouTube video, I go over a report released by Royal LePage, surveying Canadians on their upcoming mortgage renewals. Although scary headlines could be generated from this article, I dig a little deeper to give my thoughts and interpretations on the actual data.

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