Quinte Market Slows Down While Tenant Defaults Rise

June 14, 2026

May Market & Tenant Rights


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 Listings, Slower Sales: Market Update

The real estate market across Belleville, Quinte West, and PEC continues its steady grind, with inventory hitting 10-year highs. Overall, transaction volumes remain below historical norms, offering buyers more options and longer timelines without any sudden market drama.

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Landlord hasn’t paid the mortgage? Know your tenant rights in event of power of sale

Toronto Star

If your landlord defaults on their mortgage, your tenant rights depend heavily on your province. In Ontario, you are heavily protected: lenders must honor your existing lease during a power of sale, and a new buyer can only evict you if they intend to move in themselves, which requires 60 days' notice and one month's rent as compensation. However, in British Columbia, court foreclosure orders take precedence over residential leases, meaning your tenancy could end immediately on very short notice. Regardless of location, experts advise tenants to continue paying rent on time—directly to the lender if officially requested—document all communication, and consult local tenant laws immediately upon receiving a bank notice.

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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 and Prince Edward County region!

Downtown at Dusk

From Friday, June 19, from 4:00 pm to 10:00 pm to celebrate the Summer Solstice. Front Street—from Victoria Avenue to Bridge Street East—will transform into a pedestrian-only promenade featuring an artisan market, local vendors, street performers, and bustling patios. Attendees can gather with friends to enjoy an evening packed with delicious food, shopping, live music, fashion, and even salsa dancing.

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Industry Meet Up Monday’s at Meyers Creek Brewing! Work in the food and beverage industry, and your day off is always on a Monday? Because after a week of work, it’s time to kick back, relax, and have some fun.

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Napanee Movie in the Park

Movie in the Park Series returns to Conservation Park (10 Pearl Street) for another year. Taking place behind the picnic shelter, each screening begins at dusk and features free popcorn provided by the Town, along with chocolate milk courtesy of the L&A Dairy Producers. The summer lineup includes Brother Bear on Friday, June 19, followed by to-be-determined movie screenings on Friday, July 17 and Friday, August 21.

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Belleville Neighbourhoods

Looking for the best places to live in Belleville, Ontario? Whether you are a first-time homebuyer or relocating to the Quinte area, choosing the right community is key to your lifestyle. From historic charm to modern new builds, Belleville real estate offers diverse options for every budget. Read More

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June 7, 2026
Real Estate Trends + US Interest
May 31, 2026
The Market Correction Continues