Market Overview: The local real estate market is currently balanced, not booming but also not declining sharply. A balanced market means fluctuations month-to-month in pricing, activity, and days on market. A 5% annual increase in home prices is predicted for 2025. Key Influences: Market uncertainty is partly due to economic unpredictability in the U.S.. Bank … Read more

Let’s dive into what’s been happening with interest rates and local real estate trends in Belleville, Quinte West, and Prince Edward County. Interest Rates As of the last Bank of Canada announcement, the rate held steady at 2.75%, which means mortgage rates haven’t shifted much. Right now, you’re probably looking at something around 4.19%, depending … Read more

April 2025 Real Estate Market Update: A Balanced Yet Complex Outlook As we move into April 2025, the real estate market is showing signs of increased activity, but things remain a bit more complicated than expected. Despite the usual spring market rush, the overall trend is balanced with some unique challenges and opportunities for both … Read more

Real Estate Market Update: Tariffs, Interest Rates, and Pricing Trends You Need to Know As we head into spring, three major topics are on everyone’s mind: tariffs, interest rates, and pricing trends. Whether you’re buying or selling a home, understanding these factors is crucial. So, let’s break it down! Tariffs & the Real Estate Market: … Read more

February 2025 Real Estate Market Update: What Six Interest Rate Cuts Mean for Buyers and Sellers As we move into the exciting spring real estate market of 2025, major shifts in interest rates are creating new opportunities for home buyers and sellers. Tara Lyons of Team Lyons, Royal LePage Proalliance Realty, shares valuable insights on … Read more