March 2018

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26 Mar

Canada's New Mortgage Rules Canada's new mortgage rules and what they mean for you! With the advent of Canada's hot housing markets, the Canadian and provincial governments introduced new stop gap measures to cool down the market. Provincially, both Vancouver and Ontario implemented the 15% foreign buyers tax. At the Federal level, as of January 1st 2018, the Office of the Superintendent of Financial Institutions (Canada’s banking regulator) introduced three new rules on mortgage lending. First of the three new rules, is the new "stress test". All prospective home buyers, even those with a down payment of over 20%  will now have to...

02:28 / Montreal Real Estate
19 Mar

Wellness Communities Are A Multibillion-Dollar Real Estate Trend Our homes are the latest frontier for wellness Wellness communities are  not only a multibillion-dollar real estate trend, but they're here to stay. A recent 2018 research report from the Global Wellness Institute entitled Build well to live well: Wellness Lifestyle Real Estate & Communities, is the first research report to size and analyze the global and regional wellness lifestyle real estate and communities market. "The 150+ page report finds that real estate and communities that intentionally put people's health at the center of design, creation and redevelopment are the next frontier in residential real...

03:23 / Montreal Real Estate
13 Mar

The Latest Montreal Real Estate Sales February 2018 The latest Montreal real estate sales February 2018 shows a 5 per cent increase compared to February of last year and the best month of February since 2012. Five of the six main areas of the Montréal CMA registered an increase in sales.  The Island of Montréal posted significant increases of +5 per cent. Condominiums sales increased by 14 per cent in February, single family home sales +1% and plexes +3%. The median single-family home prices across the Montréal CMA was $310,000 in February, up 6 per cent compared to February 2017. The price of condominiums grew by 5%...

02:00 / Montreal Real Estate
10 Mar

Montreal Investment Property Comparison Montreal investment property comparison, determining which is the best type of property for you. Buying investment property is very personalized as each investor has their unique needs, budget and comfort level with renovations and maintenance. We'll have a look at the four different types of investment property, revenue properties (duplexes triplex etc), condos, townhouses and single family homes. Multifamily is a specialized asset class that will be covered in it's own blog post. Let's look at the Pros & Cons of each type of property: Single Family Homes Pros Highest potential for appreciation, Private form of ownership with freedom to do what...

05:08 / Montreal Real Estate
04 Mar

Montreal Compared To Toronto & Vancouver Markets Montreal compared to Toronto & Vancouver markets, is a quick snapshot of the the three cities in terms of their overall real estate performance. All three cities, Montreal, Toronto and Vancouver are strikingly different. Montréal is very European in feeling, with old architecture and rich history. The province's predominant language is French with a small Anglo minority.  Montreal is world renown for it's awesome food culture! Montréal's real estate market, due to political instability, endured periods of stagnation, keeping price points much lower than the Toronto & Vancouver markets. Over the past few years,...

03:13 / Uncategorized
03 Mar

Montreal Housing Prices Montreal housing prices show that certain areas in Montreal really stood out for their strong sales increases or price growth in 2017.  Here are some interesting stats via the QFREB / Centris Chart 1 The ten neighborhoods with the lowest amount of inventory (measured in months) for single family homes in 2017   Market conditions – single-family homes Rank Cities, municipalities or boroughs Number of months of inventory 1 City of Pointe-Claire (Montréal) 2.6 2 City of Kirkland (Montréal) 2.8 3 City of Beaconsfield (Montréal) 2.9 4 Neighbourhood of Côte-des-Neiges–Notre-Dame-de-Grâce (Montréal) 3.0 5 City of Montréal-Ouest (Montréal) 3.2 6 City of Dollard-des-Ormeaux (Montréal) 3.2 7 Area of Greenfield Park (Montérégie) 3.3 8 Neighbourhood of Île-des-Sœurs (Montréal) 3.5 9 City of Dorval (Montréal) 3.6 10 Rosemont–La Petite-Patrie (Montréal) 3.8  Chart 2 The ten neighborhoods with the lowest amount...

23:17 / Uncategorized