Your Mid-July Real Estate Update
Your Mid-July Real Estate Update
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 related.
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 & Prince Edward County areas!
Affordability improves for the first time in 3 years, yet massive challenges persist for homeownership
The Bank of Canada’s rate hike pause brought homebuyers some relief in the first quarter (Q1) of 2023.
According to a report by RBC Economist Robert Hogue, the pause in monetary tightening stabilized mortgage rates and allowed for a correction in home prices, leading to improved affordability.
Financial consumer watchdog issues new guidelines to help support struggling borrowers
The country’s financial consumer watchdog has issued new guidelines for lenders aimed at helping financially distressed mortgage borrowers, in part by discouraging banks from charging interest on interest when the time frame for paying off a loan is extended.
Canada's job gains triple forecasts, strengthening case for Bank of Canada rate hike
Canada’s economy added 60,000 jobs in June, three times what was forecast, but the unemployment rate ticked up to 5.4 per cent as more people searched for work.
Front Street Fair
Experience the vibrant spirit of our beloved downtown district during our Front Street Fair July 15th.
This engaging event is a celebration of local arts, crafts, and entertainment, offering a diverse range of experiences for all ages.
Arkells – Campfire Nights
Join us and celebrate the debut of our Parade Grounds at Base31 outdoor concert venue with 9X JUNO Award winners, Arkells.
The Parade Grounds at Base31 will come alive with Arkells’ special CAMPFIRE NIGHTS outdoor show.
Buying a resale home vs. building
In this week's YouTube video, I illustrate the differences between purchasing a resale home and building from scratch. Check it out - you may be surprised by all of the extra costs associated with building.
Bay of Quinte & Prince Edward County Real Estate Blog
