Community / Dec 16, 2024

Living in Frankford, Quinte West

Whether you’re an outdoor adventurer, or someone seeking a tight-knit community by the river, living in Frankford, Quinte West could be the perfect fit for you! With its scenic natural beauty, affordable real estate, and welcoming small-town vibe, Frankford offers an ideal balance between tranquil living and easy access to nearby urban areas.

Where is Frankford?

Frankford is nestled along the beautiful Trent River, in Quinte West, just a short drive north of Trenton and Belleville. With its easy access to the Bay of Quinte, Kingston, and other urban centers, Frankford provides both peaceful living and convenience.

The History of Frankford

Founded in the early 19th century as a milling town, Frankford played a key role in Ontario’s early industrial development. The town’s rich history is celebrated in local landmarks and events, which showcase its heritage as a riverside community.

History of Frankford Ontario | Frankford Ontario Real Estate

Real Estate in Frankford

Real estate in Frankford, Quinte West offers diverse housing options. From quaint cottages and riverside homes to modern family residences on spacious lots. Affordable prices make Frankford attractive for first-time buyers and retirees alike, often offering more space and value than larger urban markets. Additionally, Frankford’s proximity to CFB Trenton is a significant advantage for military families and personnel, providing easy access to the base while enjoying the benefits of small-town living.

Frankford Houses for Sale

Frankford Ontario Real Estate

What Amenities and Businesses are Located in Frankford?

Frankford may be a small community, but it’s full of local amenities that make life convenient. Residents can enjoy local businesses, charming cafes, and essentials, with popular spots including; “What’s Your Scoop” – a local ice cream shop, “Frankford’s Finest Meats & More” – a local butcher, and many others. For golf enthusiasts, the nearby courses offer great opportunities for a round of golf. Visit the centrally located Frankford Golf Course or one of the surrounding courses such as Quinte Hills Golf Course or Oak Hills Golf Club. The Frankford Tourist Park provides picturesque riverside views and a range of outdoor activities. Plus, with Trenton and Belleville just a short drive away, more amenities are easily accessible.

Frankford Ontario Amenities and Businesses | Living in Frankford Ontario

Schools

Frankford Public School (Elementary School)
Trenton High School (Secondary School, nearby in Quinte West)

Frankford Ontario Schools & Parks | Living in Frankford Ontario

The Benefits of Living in Frankford

Living in Frankford, Quinte West provides the perfect combination of natural beauty, affordability, and a peaceful community. With easy access to outdoor recreation, a rich history, and a welcoming small-town feel, Frankford is an ideal place for families, retirees, and nature lovers looking for a slower-paced lifestyle.

If you’re considering a move to Frankford, let The Royle Group help you find the perfect home in this charming village! Contact us today for expert guidance on your real estate journey.

Benefits of Living in Frankford Ontario | Frankford Ontario Real Estate

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Buying / Nov 22, 2024

Game Changing December?

December is looking like a big month for the Real Estate industry. As the upcoming changes to a variety of policies are three weeks away, the questions are:

Will the changes finally make home ownership more affordable?
What do these changes mean for the average buyer?
Is this going to open the middle sector and increase the ability for many to “move up”?
Are the policy changes too little, too late?
Will the changes backfire and create an over-stimulated Real Estate market?

To answer these questions fully with stats and evidence will take some time unfortunately, but the information below begins to build a framework for answering those questions and providing insight to the potential impacts of these changes.

Interest Rates

Significant changes are unfolding in the Real Estate world which could have large impacts for the Canadian real estate market. As of October 23 rd, 2024, the Bank of Canada has already reduced the overnight interest rate this year alone by 1.25% with many economists anticipating further reductions by the end of 2025.

The Bank of Canada’s final interest rate announcement is scheduled for December 11, 2024. This announcement will come just days before the new rules for mortgages takes effect.

Mortgage Rule Changes

Earlier this fall, the federal government announced two significant changes to mortgage lending, which will take effect December 15, 2024.

Increasing the Insured Mortgage Cap

The first of these changes is the increase to the price cap on insured mortgages from $1 million to $1.5 million. This change allows more Canadians to qualify for a mortgage with a down payment of less than 20%, while expanding access to cost savings and security of mortgage loan insurance.

This new price cap drastically changes down payment requirements. Currently, a buyer looking to purchase a $1 million property would need a down payment of just under $200,000, while a buyer looking at a $999,900 property would need $74,990. With the new rules, that $1 million buyer would need $75,000, saving them $125,000 in up-front cash.

Expanding 30-Year Amortizations

The second change is to the 30-year amortization rules. Prior to August 1st this year, home buyers needed to have a 20% down payment to be eligible for that length of amortization. On August 1st the Federal Government announced changes to allow for first-time home buyers buying new construction property to also be eligible. This adjustment was aimed at easing the cost of home ownership and jump-starting first-time buyers in the market. On September 16th , the government adjusted this policy to allow all first-time buyers, regardless of the property (new or resale), to qualify for a 30-year amortization. This change will help all first-time buyers by lowering their mortgage payments. Additionally, it was announced that the program was going to apply to any buyer who was purchasing a new construction home.

Impacts

These changes have been met with mixed reviews. Some embrace the fact that the government is trying to implement policy that will reduce the monetary burden for those trying to purchase homes. However, critics are concerned about increased debt burdens and consumers having overall less equity in their property, while paying more interest over the lifetime of home ownership. Critics also worry that these changes, coupled with decreased interest rates, may overstimulate the housing market, resulting in soaring prices. With changing policies and lending reforms, you won’t please everyone. However, I think we can all agree that action is far better than inaction. Whether you agree with the policy changes or not, the facts speak for themselves; December 2024 is going to have an impact on the real estate market. With predictions of another rate decrease before year-end, and the introduction of policy designed to create more opportunity for buyers to purchase property, the market looks as if it will be heating up come 2025.

If you are currently looking to purchase a home or thinking of purchasing in 2025, these changes may change the strategy you use. Don’t wait to see how the market reacts – it’s time to take advantage of today’s insights. Set up a time to start planning your customized buying strategy with one of our experienced real estate professionals. Click here to get started.

Written By Travis Mountenay

Travis Mountenay is a REALTOR® and Sales Representative with The Royle Group. With a background in the Canadian Armed Forces, Travis has developed a keen ability to adapt to changing situations, making him a reliable guide through the dynamic real estate market. His approach is centered on building strong, long-term relationships with clients, providing personalized service every step of the way. Whether you’re buying, selling, or investing, Travis is committed to helping you achieve your real estate goals with confidence.

Learn More About Travis

Bank of Canada Local Real Estate Market Travis Mountenay variable rates

Community / Nov 18, 2024

Living in Stirling-Rawdon

Whether you’re a lover of history, an outdoor enthusiast, or someone searching for that perfect blend of charm and community, Stirling-Rawdon, Ontario, could be your dream destination. Here, you’ll find the ideal balance of serene living with easy access to amenities. Come discover why Stirling-Rawdon is more than just a place to live—it’s a place to call home!

Where is Stirling-Rawdon?

Stirling-Rawdon is a picturesque rural community located in Hastings County, Ontario, just north of Belleville and Trenton. Nestled between rolling hills and farmland, Stirling-Rawdon offers a peaceful, small-town atmosphere with easy access to larger urban centers like Belleville and Peterborough.

The History of Stirling-Rawdon

Founded in the early 1800s, Stirling was initially a milling town, drawing settlers with its fertile land and strategic location along the Rawdon Creek. The town retains its historic charm today, with beautifully preserved 19th-century architecture and annual events that celebrate its agricultural roots, such as the Stirling Fair.

Real Estate in Stirling-Rawdon

The real estate market in Stirling features a wide variety of properties, including century homes, rural estates, and modern single-family homes. With more affordable prices compared to larger cities, Stirling-Rawdon appeals to both first-time buyers and those seeking a quieter, country lifestyle. Many properties come with larger lots, perfect for families, hobby farms, or retirees looking for extra space.

Homes for Sale in Stirling

What Amenities and Businesses are Located in Stirling-Rawdon?

Despite its rural setting, Stirling-Rawdon offers a range of amenities and local businesses. The village center features charming shops, cafes, and services, while nearby farmers’ markets provide fresh local produce. This area is also home to the Stirling Festival Theatre, a cultural hub hosting live performances, making it a vibrant part of the community. Outdoor enthusiasts can enjoy access to golfing, hiking, fishing, and trails in the area, including the nearby Oak Hills Golf Club and Crowe River Conservation Area.