Quinte Market Update: Inventory Levels You Need to See

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. 

Is It A Buyers’ Market In Canada? Depends Where You Look

Since November 2024, the national sales-to-new-listings ratio (SNLR) has been on a persistent tumble, making its way towards what would be considered buyers’ territory. According to the Canadian Real Estate Association (CREA), a ratio below 45% points to buyers’ territory, and so far this year, the metric has come in at 49.3% in January, 49.9% in February, 45.9% in March, and 46.8% in April.

Financial Programs Available to Help First-Time Home Buyers

If you’re like most Canadians, buying a home is probably the biggest investment you’ll ever make. But for first-time home buyers, just saving up enough money for the down payment can take years or even decades to accomplish. Thankfully, Canada’s federal and provincial governments offer several different programs designed to support first-time home buyers by offsetting some of the costs associated with buying a home, and helping them purchase their first property. 

The Social Spot

Looking to connect with others in a relaxed and welcoming setting? Drop by The Social Spot—a free weekly gathering with crafts, conversation, and light refreshments every Tuesday from 1:30–3:30 PM at 161 Bridge St. W, Unit One in Belleville.

BOQ.BIKE + Fit Collective Social Rides

Want to stay active and meet new people? Join the Thursday Night Ride Series—a casual, social bike ride every other Thursday at 6:30 PM, starting June 5 from The Fit Collective (199 Front St.). All bikes and experience levels welcome—just bring your gear and a good attitude!