Why home prices slipped in September?

November 1, 2026

Canada's Housing Reset Shifts Phase


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. 


Rate Hikes Return To Canadian Real Estate

The Bank of Canada raised its benchmark rate to 2.5%, marking its first increase since 2023. While variable borrowers face higher prime costs, elevated 5-year bond yields keep fixed rates independent of policy moves, shifting buyer confidence across local markets.

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Canadian Real Estate Correction Now Spreading To Other Provinces

Better Dwelling

While Ontario continues to bear the brunt of the downturn with values down 26.7% since peak, September CREA figures show eight of nine provincial markets following lower. With national prices slipping nearly $189k from their highs, the steep price adjustments first felt across Ontario are beginning to ripple nationwide.

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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!

Wreath Making Workshop

Celebrate the season with St. Alban’s Centre on October 6 from 4PM to 6 PM for a free seasonal wreath-making workshop. Spaces are limited, reserve your spot by emailinmadisyn.morrison@stalbanscentre.onmicrosoft.com.

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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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The Riverbrake Cafe

Visit 11 Front Street, weekdays 11 AM to 3 PM, where The Counter Restaurant brings scratch-baked Italian craft to farm-to-table lunch. For something truly special, their communal After Hours dinners serve seasonal multi-course menus that bring neighbours together.

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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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By Kehoe MLS Integration • November 3, 2026
October 2026 Real Estate Market Update: Belleville, Quinte West and Prince Edward County
October 25, 2026
The Interest Rate Story Is Changing