Prince Edward County Trends, Escape Clauses, and Shelburne Home of the Week
Ontario Mortgage & Real Estate Insights Podcast
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Steve HamoenJanine Veenendaal

Prince Edward County Trends, Escape Clauses, and Shelburne Home of the Week

E359 • Jul 2, 2025 • 12 mins

In this episode, the conversation begins with a welcome and a sponsor message from Real Approved Inc. We delve into real estate trends and market statistics in Prince Edward County, focusing on urban buyers and pricing dynamics. The impact of interest rates and the challenges of selling renovation-needy properties are discussed. The episode explores the use of escape clauses in Toronto and Durham Region's real estate markets. The partnership between a Toronto developer and Choice Renovations Canada is highlighted. We feature a Shelburne family home with a basement apartment as the House of the Week. The episode concludes with closing remarks and a sponsor reminder.

Key Points

  • Prince Edward County is experiencing a shift with an increasing number of listings but fewer buyers, emphasizing the need for sellers to be realistic about pricing.
  • Escape clauses are becoming more common in the Toronto real estate market, providing flexibility for buyers who need time to sell their current homes but introducing uncertainty for sellers.
  • A partnership between a Toronto developer and Choice Renovations Canada aims to modernize aging rental units, addressing housing shortages and improving tenant satisfaction in the Greater Toronto Area.
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