Author: Bonnie Meisels

Canadian Commerial Real Estate Snapshot  Canadian Commerial Real Estate Snapshot  - Fourth Quarter 2023 via CREA   Key Points:   "Non residential building permits were down 3% from the same three-month period a year ago, and down more than 13% from the three months prior, with sharp reductions in British Columbia, Ontario, New Brunswick, and Newfoundland and Labrador.   Tighter financial conditions and a weakening economy could further dampen non-residential construction intentions in 2024.   As material and labour costs rise and continue to increase, the financial feasibility of new projects could be negatively impacted leading to a further reduction in the number of permits issued.   The labour market is...

Summary of Emerging Real Estate Trends 2024 and Beyond   Summary of emerging real estate trends 2024 and beyond covers the comprehensive report created by PWC and the Urban Land Institute for 2024. Their detailed report is a roadmap of both sentiment and performance across the varying types of real estate. It includes the current data and projections for commercial, residential and industrial real estate, breaking them down by performance, outlook, and location within both Canada and the United States. Since the report is quite extensive, consisting of more than 100 pages, I'll be attempting to sum things up. All charts posted are...

©Featured image copyright Bonnie Meisels   Economic Outlook For 2024   The economic outlook for 2024 as we look ahead to 2024, we have to consider the economic outlook on a global scale, as well as within specific regions such as Canada and the Quebec province. Three key factors that will play a significant role in shaping the economic landscape are interest rates, consumer confidence, and real estate. Interest rates have a direct impact on borrowing costs and investment decisions. As we move into 2024, it will be crucial to monitor whether central banks opt for tighter or looser monetary policies. The trajectory of interest...

Gary Keller's Real Estate Market Insights 2023   Gary Keller's real estate market insights for 2023 give us the visual data and breakdown of how many U.S. households have no mortgages on their property. What percentage of homeowners have more than 50% equity in their residences, and lastly, what percentage of owners still have a mortgage in the U.S.   The data is very insightful as it provides a surprising picture of current real estate equity. The percentage of people with less than 50% equity in their property was found in the smallest group of the 3.   https://youtu.be/hPAlEA5bFYo?feature=shared A look at the latest insights on the...

Introducing 5022 Rue Garnier In Le Plateau Mont Royal   Introducing 5022 Rue Garnier In Le Plateau Mont Royal. Tucked inside of Le Plateau Mont Royal is a small section called Le Petit Laurier. The streets are tree lined and green bicycle paths dot the roads. Around each corner you'll find beautiful and unique boutiques, gourmet, charming restaurants, hip cafes, and local grocers.   Some history of this neighborhood.:   In the 1950s, Portuguese immigrants moved into the neighborhood, brightening up the area between Roy and Rachel, Saint-Urbain and de Bullion Due to its large concentration of French immigrants who arrived in the early twenty-first...

Image® Bonnie Meisels all rights reserved Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024 According to CREA, the Canadian Real Estate Association, the average home price to end the year lower by 4.8% but to rise again in 2024.   “As the spring market heats up and it looks as though some buyers are coming off the sidelines, it's important to remember that the intense market conditions of recent years have not gone anywhere, they've just been on pause,” said Jill Oudil, CREA's chair, in a press release."   Canadians are re-entering a market that's seen months of...

Do You Really Want To Do Home Buying Visits With Rosie The Robot? Do you really want to do home buying visits with Rosie the robot? How does that sound? For myself personally, that would quite honestly be a non starter! I'm not afraid or anything like that. It's just the thought of doing a home search with a machine has zero appeal for me. Over their lifetime, real estate brokers and / or agents will buy, sell and rent property for themselves, me included.  There is an emotional component to the process. After all we are human and not completely logical! ...

Montreal's Crown Jewel: A Comprehensive Guide to the Golden Square Mile   Montreal's crown jewel: A comprehensive guide to the Golden Square Mile hgihlights the history, the sights to see, some of the top rated restaurants, real estate, and above all, what makes this Montreal neighborhood so unique and special.   Introduction   The Golden Square Mile is situated at the base of Mount Royal in the heart of downtown Montreal. It is a historic and vibrant neighborhood teeming with grand architecture, elegant streets, lush green spaces, and a rich history. Known for its luxurious mansions, world-class shopping, and gourmet restaurants, the Golden Square Mile is...

The Latest Montreal Real Estate Market Update 2023   The Latest Montreal Real Estate Market Update 2023 - the latest stats for February 2023 for the Montreal GMA     [pdf-embedder url="https://www.realestatemontreal.net/wp-content/uploads/2023/03/stats-202302-en.pdf"]   Main summary and takeaways via Centris: The Montreal CMA continued to post record declines in sales in February, but no longer differs from the rest of the Province in this regard. The accumulation of unsold properties on the market caused active listings and selling times to jump, but levels remain well below historical averages. Median prices are down from the same period last year, but up from January 2023.   "“Despite an all-time low number of...

Photo by https://deepai.org/   A List of Resources For Those Interested In Climate Change A list of resources for those interested in climate change was recently posted and shared on Linkedin by Brendan Wallace from Fifth Wall. It's the most comprehensive and awesome list of resources for those who are interested in or wish to work on climate change. From job boards, to climate groups,  education, communites and tech, this has it all.   Another great post by Ahmed Fathy on Linkedin offering many resources from the United Nations on sustainability. He has requested this be shared to whomever is interested. I hope you find these...

@photo by Dall-E-2 Exploring the Potential of Blockchain and AI in Real Estate Exploring the potential of blockchain and AI in real estate, two of the most powerful technologies that will transform  the real estate industry in the not so distant future.  Blockchain technology, which is the backbone of cryptocurrencies like Bitcoin, is a decentralized digital ledger that records transactions across a network of computers. This technology allows for secure and transparent record-keeping, and it has the potential to be used for a wide range of real estate applications. One of the most significant ways that blockchain technology could impact the real estate industry...

Best Places to Invest in Canadian Real Estate Introduction Real estate is a great way to grow your money and invest in the future. In Canada, you have many options for investing in real estate, but only some are the best places for long-term growth. This article will focus on the best cities to invest in real estate in Canada so that you can start planning your next big investment. Montreal is the Best Canadian City to Invest in Real Estate Montreal is a great city to live in. It's affordable, has a vibrant culture, and it's booming with new businesses. The food scene...