Montreal Real Estate

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...

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...

Photo by ®Bonnie Meisels   Highlights: Emerging Trends Report 2023 - by PWC & Urban Land Institute     Highlights: Emerging Trends Report 2023 by PWC & the Urban Land Institute:   The report is a whopping 109 pages long but worth the read. It goes into great detail and has tons of data on past market performance, inclusive of the market outlook for 2023. U.S. locations are classified as "Magnets, The Establishment, Niche, Backbone, and then further classified as Sun Belt, 18 hour cities, supernovas, etc .   These classifications are also ranked by location and property sector, and demand. It succeeds in identifying possible opportunities or waning...

  photo by ®Bonnie Meisels Montreal Market Forcast 2023: Trends, Statistics And Potential Opportunities     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,...