Big banks hike interest rates, but don’t panic
Following TD, Royal Bank, Bank of Montreal and CIBC, Scotiabank is the latest of the Big Five banks to hike its benchmark interest rate, up to 5.34% from 5.14% effective immediately.
The Benchmark: Luxury Living in Markham
One of the hottest areas for low-rise development right now is downtown Markham. You know why? Because of Remington Homes' "The Benchmark"
Benchmark price for a new condo unit in the GTA increases nearly 40%
The Building Industry and Land Development Association (BILD) released its new home sales figuresfor March 2018, reporting a slow month for the Greater Toronto Area’s (GTA) housing market.
A different way of looking at housing supply
Even when the Greater Toronto Area (GTA) housing market is calming down it seems hot. New single-family home sales in March 2018 dropped 77% compared to the same period last year, but the benchmark price is still more than $1.2 million.
How are millennials affording new homes and condos in the GTA?
With the Altus Group statistics released by BILD for May 2018 noting that the benchmark price for new single-family homes was $1,144,191 and for high-rise $758,370, one has to wonder how first-time buyers are making their way into the market.
