Extreme Markets & Massive New Tax Breaks
What’s Really Driving Rates?
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.
Global Conflict & Your Mortgage
While the Bank of Canada held rates steady at 2.25%, a "war premium" in the Middle East has pushed fixed mortgage rates higher. Rising oil prices have spiked inflation fears, causing bond yields to jump 50 basis points in just one month. For buyers in the Bay of Quinte, this means the window for lower rates may be closing—a half-point move can add $140 to your monthly payment. Watch to learn more.
Canadian housing market sees prices dip in big cities while market booms in others: Royal LePage
CTV News
New data shows a split in the Canadian market: while national prices dropped 2% to an average of $812,900, affordable cities like Quebec City are booming with 10% growth.Meanwhile, Toronto and Vancouver saw prices dip by over 4.5% due to condo oversupply.CEO Philip Soper notes a major shift in behaviour as more homeowners now choose to sell before they buy, while high rents continue to push first-time buyers toward ownership.
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!
Quinte West Spring Scavenger hunt
LIVE MUSIC: Paul O’Brien @ Meyers Creek Brewing
Nelson On April 24, Paul O’Brien takes the stage from 8 PM to 10 PM, bringing over 20 years of experience to a high-energy acoustic set. Expect a versatile mix of classic rock, alternative, Celtic, and country favourites. It’s the perfect way to enjoy local craft beer and stripped-down, authentic covers in a great atmosphere.
Why Sellers & Buyers Trust Kehoe Real Estate Group
A Reputation Built on Relationships |
Most of our business comes from repeat clients and referrals, something we’re proud of. We treat every transaction like the start of a long-term relationship. From first-time buyers to seasoned investors, our clients know they can count on us year after year.
