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November 2018

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26 Nov

Montreal Real Estate News November 2018 Some key highlights in and around Montreal real estate, as of November 2018 show that October home sales in Montreal up 11 per cent compared with 2017   While luxury home sales drop 35% in Toronto and Vancouver; high-end condo sales up,  Montreal was the only Canadian city to see it's housing price index rise in October. According to the Montreal  CMHC report,  the Montreal housing market is stable. Market conditions for all housing types — including condos — are now favourable to sellers, according to the CMHC. This was especially true for the sales category of single family...

04:26 / Uncategorized
12 Nov

Montreal Housing Market Boom Through 2020 It's time for Montreal to shine! The Canadian Mortgage and Housing Corporation (CMHC) Fall Report was just released with good news for this city. According to their most recent forecast released Wednesday, the market here is far from peaking. Projected lower inventories of single family homes, and a continued strong job forcast, will keep real estate prices on an upward trajectory. Although condo construction is booming with the launching of many new projects becoming available, certain hot sectors of the city like the downtown core are in high demand. "Data from Altus Group shows, a record-setting 3,000 new...

04:27 / Montreal Real Estate
30 Oct

Montreal Real Estate Predictions For 2019 Montreal real estate predictions for 2019 show that we're increasingly in a digital world, amidst a rapidly changing landscape. Technology has been transforming many industries and real estate will be no exception. “The intersection of real estate and technology is a major trend in real estate.” "Fast-paced technological and social change will transform how people live and work, and the real estate sector will face rising pressure to respond with new ideas by accelerating digital transformation, being more innovative with deal strategy and rethinking how it addresses affordability. Those that embrace creativity may find themselves in a...

04:37 / Montreal Real Estate
12 Oct

Montreal Real Estate Numbers September 2018 So what are the most recent Montreal Real Estate Numbers September 2018? Residential sales rose eight per cent in September compared to the same month last year. Across the Montreal CMA, the category of condominium sales increased 23%, the most amongst other real estate categories. The number of single family home sales remained unchanged since this time last year. The median price point across all categories steadily increased since last year.  Inventory numbers continued to remain low with an overall percentage drop of 17% compared to a year ago.  The 3,220 home sales represent a nine-year high...

03:59 / Montreal Real Estate
30 Sep

Elimination of Transfer Taxes For First Time Home Buyers Elimination of transfer taxes for first time home buyers was put on the table during the election campaign by the Parti Quebec.  According to the QFREB, (Quebec Federation of Real Estate Boards), the homeownership rate in Quebec (61 per cent) remains considerably lower than the Canadian average (68 per cent), says the association. The Government of Quebec, in 2018, took a first step in this direction by granting a $750 non-refundable tax credit for the purchase of a first home. “There is no question that real estate transfer taxes (known as the welcome tax) are an impediment to...

03:04 / Montreal Real Estate
23 Sep

WorldGBC Project To Advance To Net Zero WorldGBC Project To Advance To Net Zero is a project by the World Green Building Council which aims to promote and support the acceleration of net zero carbon buildings to 100% by 2050. Since buildings account for over half of all emissions, they are a logical target for energy remediation. "The Net Zero Carbon Buildings Commitment (the Commitment) challenges companies, cities, states and regions to reach Net Zero operating emissions in their portfolios by 2030, and to advocate for all buildings to be Net Zero in operation by 2050. By setting ambitious ‘absolute’ targets, the Commitment aims...

02:12 / Montreal Real Estate
23 Sep

Crea's Market Forcast For The Balance Of 2018 And 2019 Crea's market forcast for the balance of 2018 and 2019 expect that "Economic and demographic fundamentals remain supportive for housing demand in many parts of the country; however, policy headwinds have impacted home buyer sentiment and access to mortgage financing in many housing markets. Further expected interest rate increases, combined with this year’s new federal mortgage stress test are expected to continue to keep home sales activity in check over the rest of the year and into 2019,” says CREA in a statement, adding the latest mortgage stress test has had...

01:29 / Uncategorized
12 Sep

Montreal Real Estate Stories September 2018 How was the Montreal real estate market in August 2018? The short answer is the market held it's own. Despite lower inventories, sales of condominiums increased by 12% compared to this time last year while sales of single family homes rose 5%. The largest increase in sales was in the plexes categories. Read the Centris Report below to view all the numbers. As for the full picture across some of the major markets across Canada, the National Bank Housing Index gives us a snapshot of Toronto, Vancouver, Ottawa and other cities in Canada. Ten of the...

01:28 / Montreal Real Estate
25 Aug

From Handbags To High End Luxury Real Estate Years ago, after graduating Parsons School of Design, while living and working in New York City, I worked as a handbag designer for Bruce Makowsky designing handbags. It's been many years since I left New York, settling back in my home town of Montreal, to get married and have a family. I never imagined after all those years of school in the U.S. that I would eventually meet my husband from Montreal in New York city. But then again, life always has it's own plans. It turns out my former boss, had an extremely...

21:54 / Montreal Real Estate