Montreal Real Estate

Montreal Mortgage Rate Outlook for 2022 & 2023 Montreal Mortgage Rate Outlook for 2022 & 2023 show that long-term government bond rates have risen from 0.3% to 1.0% since January. Following the Bank of Canada's  (BoC) May announcement, it confirmed in June that it might start raising short-term interest rates in late 2022, as a result of a brighter outlook for the Canadian economy. 5-year mortgage rates are expected to continue rising, although their current low by historical standards. Forecasters anticipate the economic recovery will not gain full traction until late 2021 or 2022. With the surge of the Delta Variant, we will have...

Feature Photo Credit APCIQ / Centris  - Info Source Credit APCIQ / Centris Montreal Real Estate Market 2021 & Beyond Montreal real estate market 2021 & beyond provides a complete snapshot of the market across many factors. From immigration, unemployment, projections for 2022 and the past performance of 2020, we can get a clearer picture of where things are at.   Everyone has witnessed a housing market with steadily increasing prices and inventory shortages, especially in certain markets. The question is will this continue? Is inflation a part of why we are seeing this. Prices have increased across many categories, not just housing. From...

Wake Up Call & Climate Migration Map source: https://droughtmonitor.unl.edu/ Wake up call & climate migration tells a visual story of climate urgency. I was recently looking at the drought map of the west coast and the picture is quite alarming. Not only is this part of the U.S. experiencing unprecedented heat and high temperartures, but without sufficient water, this doesn't bode well for one of North America's primary bread basket. Another alarming sign of trouble is the drought-parched Lake Mead which could leave seven states high and dry. Lake Mead: The devastating impact of drought on America's largest reservoir | I'm not sure how much more...

ODE TO MOTHER EARTH In honour of this Mothers Day I feel compelled to give thanks to our mother earth.  I want to express my gratitude to all the  trees that work 24 hours, non stop, consuming CO2, Let us not forget that without this, there wouldn't be enough oxygen in the atmosphere to sustain humanity's existance on this planet. . The oceans also play a vital role in CO2 absorption.  Currently, an over abundance of CO2 is causing the oceans to become chemically imbalanced. This increased acidification is making it harder for many of it's inhabitant species to survive. The...

What's Next for Montreal's Red Hot Real Estate Market 2021 So you're here because you want to know what's next for Montreal's red hot real estate market 2021. I don't blame you, as I myself am asking that question. There's no crystal ball and I don't claim to have prognosticator abilities. Based on what I see from the past year as we've emerged from COVID, prices have and continue to rise based on low inventory levels. Low interest rates help fuel the demand  but over the past two months  mortgages have risen several points from there all time lows. My advice,...

What Montreal Rents Look Like By Neighborhood What Montreal rents look like by neighborhood tells several stories. The graphics and data via Square Feet AI, shows how Villeray has scaled massively in rent values over the years. It also shows the areas where the highest rents per square foot can be found. The chart is based on monthly rent for an average 2 bedroom unit. Pointe Claire, Le Plateau, Ville Marie and Le Sud Ouest, which is comprised of St Henri, Pointe St Charles, Griffintown and Ville Emard, Cote St Paul are neighborhoods garnishing some of the highest rent values per...

Montreal Market Performance January 2021 Montreal Market Performance January 2021 shows a real estate market that has continued to outperform last year's numbers. Sales for single family homes of all kinds have been in high demand and short supply, driving prices higher. Condos have also performed well, but appear to be in a more balanced market depending on the neighborhood and price point. Demand is still strong in many neighborhoods in greater Montreal, but for single family homes, the West Island offers more space for less $$$'s. The farther you travel out from the city center, the more bang you get for...

COVID-19 and Montreal's Changing Real Estate Trends COVID-19 and Montreal's changing real estate trends contain themes we see playing out across North America. As Montreal is now well into it's second wave of the pandemic we can clearly see some emerging trends. With most of the population spending more time at home and in some cases becoming the new work from home set up, more Montrealers are prioritizing homeownership and seeking out as much indoor and outdoor space as they can afford to improve their quality of life while working-from-home and social distancing. According to recent stats from the Royal Lepage Report,...

Montreal Market Highlights September 2020 Montreal Market Highlights September 2020 as a continued sellers market. According to Centris, “With an average selling time of only 46 days in the Montreal area, a new record has been broken for a month of September, reflecting extremely tight market conditions in favour of sellers, including for properties that are less desirable in normal times.” The Island of Montreal had a 28 per cent rise in sales, surpassing Vaudreuil-Soulanges (+22 per cent) this month. In September, with inventories remaining low, sales across the Montreal CMA for single family homes posted the largest jump in sales at 47%...

EN FR