With a wide variety of new housing available, including detached, semi-detached and town homes, as well as, more urban condominiums and stacked townhouses, Markham has been a mecca for new home buyers for decades. However, what many buyers of older homes are often surprised to learn about is the wide variety of resale housing that…
If you have been been following the development of Downtown Markham, you would have noticed the surge of residential condominium construction in the area. A cornerstone of the Smart Growth strategy used to plan Downtown Markham includes high density housing, including condominium buildings and townhouses. Considering that the city’s housing was predominantly single family homes…
If you live on the Markham side of Thornhill, you can enjoy a little diversion as you get around town this summer. On July 20th, work began on a mural for the CN railway underpass at the intersection of Henderson Ave. and Proctor Ave.. Considering the underpass is built of solid concrete, which is up…
Average selling prices for detached homes in Markham has remained above the $1 million mark for most of 2015. For the first time last February, the average price has continued to rise and was reported by the Toronto Real Estate Board (TREB) to be $1,080,924 in May 2015. Across Toronto and the GTA, new real…
You’re living in historic times. The Bank of Canada’s key interest rate has remained unchanged since 2010, the third longest ‘pause’ in rate movement in history and the longest in 60 years. So what’s the significance of that? The Bank of Canada’s (BoC) key interest rate affects the interest rates that businesses and consumers pay…
Depending on which side of a real estate transaction you’re on, bidding wars can be often frustrating and stressful for the buyers, and on the other hand, very profitable for the sellers. Multiple offer situations can be a symptom of a hot real estate market. Toronto and the GTA have been among the hottest markets…