Montreal Real Estate

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20 Jun

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...

18:15 / Montreal Market Data / Montreal Real Estate
28 Apr

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...

04:01 / Montreal Real Estate
11 Mar

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...

16:32 / Montreal Real Estate / We Are All Connected
07 Jan

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...

23:50 / Montreal Market Data / Montreal Real Estate
10 Dec

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...

21:24 / Montreal Food / Montreal Market Data / Montreal Real Estate
21 Nov

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...

18:07 / Montreal Market Data / Montreal Real Estate
06 Nov

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...

13:28 / Montreal Real Estate / Proptech and Blockchain Technology / Sustainable Real Estate
17 Oct

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...

00:24 / Montreal Market Data / Montreal Real Estate / Sustainability / Sustainable Real Estate
19 Sep

What's Driving Our Market & Affordable Real Estate What's driving our market & affordable real estate is a blog post addressing two different aspects of our current Montreal housing market. Here's a snapshot of the most recent sales data for Montreal in August 2021 via Centris. If we compare the inventory numbers from August 2020 to August 2021, active listings, inventory was down -26% for single family homes and -14% for condominiums. It doesn't take a rocket scientist to understand what this data is showing in terms of supply and demand. With lower supply, it will remain a seller's market translating into higher...

20:51 / Montreal Real Estate
29 Aug

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...

21:16 / Montreal Real Estate
13 Jul

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...

01:38 / Montreal Real Estate
27 Jun

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...

14:02 / Montreal Real Estate / Sustainability / Sustainable Real Estate