Mortgage rates are settling into a new reality, and for many here in Prince Edward County, that means continued pressure on what’s affordable. With borrowing costs still elevated and the economic outlook uncertain, it’s a time for careful planning. While any future relief in rates could ease things, the actual impact will depend on inflation, the broader economy, and decisions from the Bank of Canada. I’m seeing buyers remain careful, and higher financing costs are directly shaping what’s possible—whether you’re considering a new purchase, refinancing, or weighing investment opportunities. My nearly four decades in the County have taught me the value of planning with today’s facts in mind, not just hoping for better rates down the road. If you’re navigating these conditions, local insight and experience make all the difference.
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