Montreal Real Estate

Montreal Market Forcast  2023: Trends, Statistics And Potential Opportunities   photo by ®Bonnie Meisels   The Montreal market forcast for 2023 will depend on mostly two things, the state of interest rates and inventory. It feels like it was only a few months ago that I was writing the Montreal market forcast for 2022, I honestly don't know where this year has gone as it feels as if time flew by so fast, especially the last six months! As we all know inflation, evidenced by the price of gas, food, and continuos rising interest rates, continue to put a huge strain on people.  The question...

Introducing 1280 Rue Sherbrooke Ouest #1110 - Ritz Residences    Welcome to 1280 Sherbrooke Ouest #1110 located in the Ritz Residences in Downtown Montreal. This stunning 2 bedroom + den features the highest quality finishes as well as impeccable style and design. The condo features 2 large bedrooms each with their own ensuite bathroom. There's a large balcony with great city views, and a feeling of spaciousness with the 11 foot high ceiling accents.   https://youtu.be/63_kap7rWq0   View the full listing   The Ritz Residences provide an incredible 5 star, luxury hotel style lifestyle. The building has an indoor pool, spa, gourmet restaurant Maison Boulud, 24 hours security,...

Parched! The French Countryside This summer I had the priviledge of visiting parts of the French countryside, Les Alpes-de-Haut-Provence and Provence-Alpes-Côte-d'Azur. Two stunning areas well known for the Gorges du Verdon which you could say is like the Grand Canyon of France as well as the famed lavender fields of Provence. I debated as to whether to rent a car as I was travelling alone.  I don't drive manual, and have heard alot about the twisty, white knuckled driving required through these parts. Truth be told though, the thought of doing a 10 - 11 hour tour and being picked up at...

WHAT'S HAPPENING ON THE LOCAL MONTREAL REAL ESTATE FRONT Since I'm back in Montreal, it seems like we're getting some of that rain that other parts of the world are most desparate for. Temperatures have ranged from 22 to 28 degrees celcius with most mornings being on the cool side. It's hard to believe that the end of summer is upon us, it's so short lived that time feels fleeting. While I was away, the Bank of Canada in July, enacted another huge interest rate hike of 1%. Of course the rising of rates is going to effect the amount of buyers...

Where Do We Go From Here - A Market Snapshot   Where Do We Go From Here - A Market Snapshot takes stock of where we find ourselves mid year of 2022. With the steady rise of interest rates and possibly more on the horizon, we are starting to glimpse the repercussions. Price inflation on everything from gas to food, combined with hampered supply chains due to Covid, have created a self escalating effect. The question remains as to whether efforts by the central banks to tame inflation, will eventually go too far, causing the economy into deep contraction and/or recession. Housing...

Are We In A Real Estate Market Shift? Are we in a real estate market shift? I guess that remains to be seen! There are definitely some adjustments that will take place in the wake of the Bank of Canada's recent sharp and swift interest rate hikes. For the moment, inventory on the Island of Montreal is still low and not meeting the demand of buyers, depending of course, on the type of product and location. If the supply begins to increase, it will definitely put some pressure on prices, creating a more balanced market.  It's still a good time for...

In Support of Ukraine In support of Ukraine is written with the view point of being the daughter of a holocaust survivor. Growing up, I often heard the expressions “never again” and “we must never forget”. It’s a miracle that my father’s family survived the Siberian Labor Camps to even make it here to Canada. They were lucky to be sponsored by a distant family relative who made all the difference to my family's survival. If it wasn't for this family, my siblings and children would not be here...

On Kindness And The Real Estate Outlook in 2022   On kindness. I honestly find it hard to believe that we’re already in January of a new year. 2021 felt like it lasted 6 months rather than 12, or maybe that’s because so much of our time in the first half of the year was spent in curfew, lockdown and the zoom form of human contact. The one silver lining in my case, is my husband and I got to spend more quality face time with 2 of our kids who spent more time at home. Gary Vaynerchuk has been recently espousing the...

The Best Food In Montreal And November Real Estate Performance The best food in Montreal and November real estate performance has the list for Montreal's best eateries in 2021!  Enjoy discovering the winners. https://montreal.eater.com/2021/12/8/22821720/2021-eater-awards-winners-montreal-best-new-restaurants Montreal is one of the best cities as far as food goes! This city enjoys a global reputation for it's awesome and diverse cuisine. Enjoy this awesome documentary Anthony Bourdain: Parts Unknown | Quebec & Canada | S01 E04 | Reel Truth Documentaries https://www.youtube.com/watch?v=8OpXNS5G7fo On another note, here are the highlights on November's market data via Centris: "Demand is Still Strong in the Montreal CMA Despite Lack of Choice and High Prices" “In the...

What does the Canadian Housing Market Look Like in 2022?   What does the Canadian Housing Market Look Like in 2022?  Here are the market highlights and data via CREA (The Canadian Real Estate Association):   HIGHLIGHTS National home sales rose 8.6% on a month-over-month basis in October. Actual (not seasonally adjusted) monthly activity was down 11.5% on a year-over-year basis. The number of newly listed properties climbed by 3.2% from September to October. The MLS® Home Price Index (MLS® HPI) rose 2.7% month-over-month and was up 23.4% year-over-year. The actual (not seasonally adjusted) national average sale price posted an 18.2% year-over-year gain in...

The Latest Market News, COP 26 & Web 3 The latest market news, COP 26 & web 3 as you obviously can tell, looks at many diverse topics happening at the moment. There's just so much happening in the world right now that every 24 hours ushers in a bombardment of news and change is happening at an unprecedented, accelerated breakneck pace. Right now COP 26 is taking place over several days in Glascow Scotland. The wonderful thing about this is that you can watch it streamed live for free. Read more about it here.   Together for our planet! https://together-for-our-planet.ukcop26.org/ https://climatehub.nytimes.com/streaming The summit takes place until November...

Questions vs Possible Solutions for a Greener Planet & the Latest Market News Questions vs Possible Solutions for a Greener Planet & Latest Market News is about trying to actively find answers to some big problems. I don't know about you, but I'm so tired of people bringing up and/or discussing all the environmental problems the planet faces right now, without at least suggesting some possible solutions. At a recent conference I attended I learned about a new initiative in Barcelona that plans to provide free solar panels to it's population. This is part of a public - private partnership. " Barcelona...

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