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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. 

Housing market tilts in buyers' favour as sales soften and new listings rise

After showing early signs of renewed momentum in June, Canada’s housing market took a step back last month, according to recent data from the Canadian Real Estate Association (CREA). After the Bank of Canada began cutting interest rates for the first time since 2020, there was optimism the real estate market was on the path to recovery. However, the latest figures suggest the resurgence may be slower than expected.

‘Spotty’ summer could be followed by ‘friendlier’ fall for homebuyers

The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows. Despite a “spotty” summer in residential real estate, experts who spoke to Global News expect lower borrowing costs will bring many buyers back into the fold this fall as pockets of affordability open up in some markets across Canada.

Backyard Renovations: How to Deal with a Sloped Yard

Sloped backyards—where the yard dips either towards or away from your home—are a common sight in backyards across Canada. While many homeowners enjoy the sight of a gently rolling grassy slope, a sloped backyard can pose a unique set of challenges when you want to do some landscaping or renovations, such as adding a shed, fence, patio, or garden, or contemplating a significant reno like installing a pool or adding an extension onto your home.

Buskerfest – Downtown Belleville

Downtown Belleville is gearing up to host its second Buskerfest, an extraordinary event that promises a dazzling array of performances by world-class entertainers, alongside many local talents. This vibrant festival is set to captivate audiences of all ages, showcasing the unique artistry of busking while creating an electric atmosphere that celebrates creativity, skill, and community.

Belleville Dragon Boat Festival 2024

The Belleville Dragon Boat Festival will be taking place on Saturday August 24, 2024 at Victoria Park in Belleville! This year, a portion of proceeds will be going to support Gleaners Food Bank (Quinte) and the Salvation Army. Dragon boat club teams and teams from the local community are all welcome to participate in the fun!