Real Estate News Headlines // January 28th 2014
Jethro Seymour, a Top Toronto Real Estate Broker, providing you with Canadian real estate news headlines.
The developer of a 35-storey concrete tower in Surrey, B.C., is the latest to jump into the small-home trend, with suites as small as 316 square feet offered to buyers for $93,900.
They’re being billed as “affordable luxury,” and a way to purchase something for under $100,000 in Greater Vancouver’s hot real estate market.
Canada’s biggest banks are lowering their prime lending rates, nearly a week after a surprise rate cut by the Bank of Canada.
The Royal Bank of Canada, Canada’s biggest lender, said on Tuesday it would cut its prime lending rate by 15 basis points, becoming the first of Canada’s big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut.
The move by RBC takes its prime rate to 2.85 percent from 3.0 percent and is effective Wednesday, RBC said.
NEW LISTING — 16 MacPhail Court in Markham, ON, Canada
Welcome to a fantastic Buttonville home nestled on a beautiful and very private cul-de-cac. Buttonville is a wonderful…seymourrealestate.com
Jethro Seymour, one of the Top Midtown Toronto Agents at Royal LePage RES Ltd., Johnston & Daniel Division