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January 2025
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As we step into 2025, we’re excited for the opportunities this year holds. Whether you’re planning to buy, sell, or simply stay informed about the Peterborough & Kawarthas real estate market, we’re here to guide you every step of the way.

Here’s to a year full of new beginnings and dream homes!

Happy New Year from The Reynolds Team!

December's Market Stats for Peterborough & The Kawarthas

Kawartha Lakes experienced a dramatic 67% surge in sales activity, jumping from 40 sales in December 2023 to 67 in December 2024. However, this increased demand was met with a notable shift in average prices, which fell from $739,395 to $668,358—a decline of 9.6%. This trend suggests that while more properties are changing hands, buyers may be gravitating toward more affordable homes or sellers are adjusting prices to remain competitive. This dynamic could indicate a broader appeal for the area, particularly for those seeking value in a market where activity is heating up.

In contrast, Peterborough demonstrated steady growth with sales rising modestly from 80 to 85, a 6.25% increase year-over-year. Interestingly, the average price climbed significantly, jumping 11% from $602,630 to $671,214. This upward trend in pricing highlights strong buyer confidence and demand for Peterborough properties, suggesting it remains a desirable market for families, professionals, and investors alike.
Peterborough and its surrounding areas present unique opportunities for buyers and sellers in 2025. Whether you're looking to capitalize on the rising prices in Peterborough or Northumberland, find a bargain in Hastings County, or invest in the competitive markets of Kawartha Lakes or Prince Edward County, now is the time to act.

Are you ready to make your next move? Contact The Reynolds Team today for expert guidance tailored to your goals. Whether you're buying, selling, or just exploring your options, we're here to help you navigate the market with confidence.

Home Resolutions for the New Year!

New year, new home improvements! Here are 5 simple resolutions to add value and comfort to your home this year:

Upgrade to Smart Home Tech – From thermostats to security systems, smart home features can increase efficiency and value.

Energy Efficiency – Swap out old windows and doors or upgrade insulation to save on energy bills.
Declutter and Reorganize – Make 2025 the year you tackle that cluttered basement or garage.

Enhance Curb Appeal – Small upgrades like exterior lighting or fresh paint can boost your home’s first impression.

Refresh Interior Spaces – A fresh coat of paint or new flooring can make a big difference!

New Mortgage Rules for 2025

In December 2024, the Canadian government implemented significant changes to mortgage regulations to enhance housing affordability and accessibility.

The key reforms include:

Increased Insured Mortgage Limit: The maximum price for insured mortgages has been raised from $1 million to $1.5 million. This adjustment allows buyers to purchase homes priced up to $1.5 million with a reduced down payment, making higher-priced properties more accessible.

Extended Amortization Periods: Eligibility for 30-year amortization periods on insured mortgages has been expanded to include all first-time homebuyers and purchasers of new builds. This extension aims to lower monthly mortgage payments, thereby improving affordability for new entrants into the housing market.

Facilitated Mortgage Switching: As of November 21, 2024, the Office of the Superintendent of Financial Institutions (OSFI) removed the mortgage stress test requirement for borrowers switching lenders at renewal. This change enables homeowners to seek more favorable terms without undergoing additional stress testing, promoting greater flexibility and competition among lenders.
These reforms are part of the federal government's broader strategy to address housing affordability challenges and support Canadians in achieving homeownership. By reducing down payment requirements, extending amortization periods, and simplifying the process of switching lenders, the government aims to make homeownership more attainable for a wider segment of the population.

If you’re planning a purchase this year, let’s discuss how these rules may benefit you!

Home Energy Efficiency Incentives to consider

In addition to the previously discussed mortgage reforms, the Canadian government has introduced measures to promote energy efficiency in housing. These initiatives aim to encourage sustainable building practices and support homeowners in making energy-efficient upgrades.

Key developments include:

CMHC Eco Plus Program: The Canada Mortgage and Housing Corporation (CMHC) offers the Eco Plus program, which provides a partial premium refund of up to 25% to borrowers who purchase or renovate homes to make them more energy-efficient. This initiative incentivizes homeowners to invest in energy-saving improvements, contributing to environmental sustainability.
Canada Green Buildings Strategy: The federal government is advancing the Canada Green Buildings Strategy, which includes updating the Energy Efficiency Act to establish minimum energy efficiency standards for products and equipment. This strategy aims to reduce greenhouse gas emissions and promote the construction of energy-efficient buildings across the country.

These measures reflect Canada's commitment to enhancing energy efficiency in the housing sector, supporting both environmental goals and long-term cost savings for homeowners.

Selling in Winter? Here’s Why It’s a Great Idea.

While spring is often seen as the peak season, winter has its own advantages for sellers:

Serious Buyers - Winter buyers are often more motivated and ready to make decisions.
Less Competition - Fewer homes on the market mean yours will stand out.

Cozy Appeal - A warm, inviting home in winter can create a strong emotional connection with buyers.

Pro Tip: Focus on curb appeal even in snowy weather – clear paths, add outdoor lighting, and stage the entryway with seasonal decor.

Our comfort food choice of the month!


As the chilly days of January settle in, there’s nothing quite like the warmth and nostalgia of comfort food to lift our spirits. Whether it's a hearty bowl of soup, a rich pasta dish, or a classic homemade favorite, comfort food has a way of bringing us together and making the winter months a little cozier.

This month, we’re excited to introduce our Comfort Food Choice of the Month – a dish that promises to warm your heart and satisfy your cravings. Stay tuned for the reveal and get ready to indulge in some delicious, feel-good flavours!
Ingredients

3 tablespoons unsalted butter
1 sweet onion, diced
3 carrots, peeled and diced
2 celery sticks, diced
3 garlic cloves, minced
kosher salt and pepper
½ teaspoon poultry seasoning
1 ½ cups cooked, shredded chicken
7 to 8 cups chicken stock

1 parmesan cheese rind
1 cup uncooked stelline pasta, mini pasta stars
1 tablespoon freshly squeezed lemon juice
3 tablespoons fresh parsley, plus more for topping
parmesan cheese, for topping
lemon wedges, for spritzing

Instructions

Heat the butter in a large stock pot over medium-low heat. Add in the onion, carrots, celery and garlic with a big pinch of salt and pepper - at least ½ teaspoon salt and pepper to start. Cook, stirring occasionally, until the vegetables soften. Stir in the garlic cloves and poultry seasoning. Stir in the shredded chicken.

Add in 7 cups of chicken stock and the parmesan rind. Bring the mixture to a boil, then reduce it to a simmer. Stir in the star pasta. Cook uncovered, stirring occasionally, until the pasta is al dente, about 8 minutes.

Add in the lemon juice and fresh parsley. Taste the soup and if it needs more salt and pepper, add it. If the parmesan rind didn’t melt entirely, you can scoop it out at this point. You can also decide if you’d like to add the additional cup of chicken stock here - it depends on how hearty or how brothy you like your soup. The pasta will soak it up as it sits!

Serve immediately with a lemon wedge for sprinkling, parmesan cheese for topping and parsley sprinkled on top.
Follow us on Instagram to keep up with the latest listings, real estate tips, and community events.

If you prefer something a little more personal, join us for coffee and a chat every last Tuesday of the month. We’ll be at the Cork and Bean in downtown Peterborough and would love to catch up, answer any questions, or just enjoy good company.

Whether online or in person, we’re here to connect and support you!

We’d love to stay connected with you!

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Each office is independently owned and operated. Information deemed reliable, but not guaranteed. Not intended to solicit sellers or buyers under written contract with another REALTOR®.
The Reynolds Team
REALTOR ®
Peterborough & Kawarthas Real Estate Agents
Independently owned and operated.
285 Taunton Road East, Unit 1, Oshawa, ON L1G 3V2