June 2010

One Rainsford units at the high end…

One Rainsford by The Riedel Group promises to bring luxury to the beaches, but with only 28 units it will be exclusivity at it's finest.  The low end of the range comes in at $500,000, and high-end units look the be priced in the area of $2.5 Million...but after browsing through the features and finishes it becomes pretty clear that we are going to see the perfect marriage of luxury and choice....

Bank of Canada hikes as expected…

Here come the rate hikes…Bank of Canada raised the rate 25 basis points to 0.5% as expected after GDP growth numbers came in above expectations.  We’ve had the lowest interest rates in history for 13 months so we’ve been a bit spoiled...pretty much knew there was nowhere to go but up!  What about mortgage rates?  Variable mortgage rates will begin to rise of course, but longer term...

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