Montreal Real Estate

About That Condo You Are Moving Into Inspecting condos is part of what I do.  As such, I find that many who decide to purchase a condo do so without full knowledge as to how a condominium operates and how you are affected by its governance.  So, here is some information I would like to share with you so that you enter your new digs with eyes wide open. A condominium or condo is a type of real estate ownership which consists of both commonly owned and privately owned areas.  The Co-Owners Association is the collective body formed by the constituent owners...

Bidding Wars In Montreal Fact or Fiction Bidding Wars In Montreal Fact or Fiction According to the QFREB, Montreal CMA is currently the only province that's in firm seller's market territory. Sales transactions are up while inventories are down, giving sellers somewhat of an upperhand in negotiations. The chart of where sales are happening over asking by region. Chart Source via: QFREB How much or what percentage did buyers pay over asking: Sales price percentage over asking by region, chart source via: QFREB "For single-family homes, several municipalities in the West Island stood out , such as Pointe-Claire (31 per cent), Kirkland (26 per cent), Beaconsfield...

Montreal Real Estate Prices Montreal real estate prices vary across the many different neighborhoods in the Greater Montreal area. The sales data and market place can vary as greatly as an areas style of architecture. Within Montreal, there exists many micro neighborhoods and markets.  Although our general market reports cover the overall sales in the GMA, the devil is always in the details. Housing styles and prices are unique to each region and cannot be compared. For example, single family homes in the urban Le Plateau are entirely different and not comparable to the suburban town of Hampstead. Condos in Old...

Trust Is Gold Whenever I find myself in doubt, I hear my father’s booming voice, “Honesty is the best policy”.      Like in most fields and or specialties, what we knew when we started and what we know now is a reflection on the things we learn along the way.   We learn from the continuing education in our related fields of expertise and we also learn from the ongoing hands on work experience.  This invaluable combination hones our skills enabling us to provide a valuable service to our clients. As an inspector, we are trained to detect things that are not right...

Inspecting A Home As A System When inspecting a home as a system, we need to understand that these components are part of a system.  Plumbing components for example, could affect the roof negatively if the vent stacks for plumbing that travel through the ceiling, into the attic and out through the roof, are not sealed and or insulated properly.   Let’s say we are in the middle of winter and heat is escaping into the attic through an improperly sealed venting stack.  The warm air comes in contact with the cold attic air and forms condensation.  The condensation will accumulate into...

Sustainable Homes on the Desert Mesa of New Mexico Sustainable homes on the desert mesa of New Mexico takes a peek at an alternative way of living.  In the desert of New Mexico, a group of homes jut out from the landscape, resembling something from a science fiction novel.  These unusual but interesting constructions referred to as “Earthships” are passive solar houses, and are the brainchild of architect Mike Reynolds. Devised originally in the 1970s, they are designed to be almost completely self-sufficient not relying on the use of any electrical grid, water lines, or municipal sewage system.  Instead, these home collect rainwater, and...

Latent Defects: What you need to know before purchasing your new home   Purchasing a new home is a big step, whether it’s your first home or your tenth, and being aware of latent defects and how to prevent any unwanted surprises from them is an important step to protecting yourself and your investment.   What is a latent defect?   A defect is defined as “a flaw in the quality of a building”.  To be a latent, or otherwise known as a ‘hidden’ defect, the flaw has to meet three requirements:   It is not obvious, just by a simple look you can’t see the problem, ...

Feature photo ©Bonnie Meisels Montreal Real Estate Stories April 25th 2018 Montreal real estate stories April 25th 2018 begins with the STM, Société de transport de Montréal which announced it's plans to construct a nearly 300-unit housing project near the Frontenac metro station. This is the first time the STM will be providing housing for Montrealers, and not just transportation services. The project is “a first step toward the development of its real-estate holdings,” said chairman Philippe Schnobb. "The complex, consisting of four buildings ranging from two to 12 storeys, will be built on a 54,200-square-foot parking lot owned by the STM. It will include...

Montreal Mortgage Lending Questions And Answers Montreal mortgage lending questions and answers features a post by Michael Bolanakis, a mortgage specialist with Scotiabank. Many of my clients are searching for information about the mortgage process here in Montreal. Michael wrote this post below, to share some of his knowledge and information on this process.  Q&A: The Mortgage Process Many first time home buyers have not really thought about what the mortgage process entails.  You may have lots of questions about the products, rates and fees but there is also more to it.  Here are answers to some common questions:   How is a loan application...

Montreal Home Buyers Program Montreal mayor Valerie Plante just introduced a new Montreal home buyers Program with refunds up to $15000.00. The mayor is trying to encourage more people to stay on the island by providing some financial support. The downtown Montreal core has not had much to offer for families, especially when it comes to affordability. The new program has strict and defined criteria: A single buyer purchasing a new development for a maximum price of $225,000 will receive $5,000 from the city. A family buying a new development for a maximum price of $400,000 will receive $10,000. A family purchasing...

Inspect to Sell Inspect to sell and why it's important! When it comes to selling your property the last person you'd probably take advice from is a home inspector. But in light of what I'm about to tell you maybe I should be the first one you come to. Have you ever sold something that you knew nothing about. Or at least very little? Chances are the answer is no. When you sell a car, you know when the last time you did an oil change was, how old the tires are, and when the breaks were last checked. That old iPhone that's been...

Info via Centris Montreal Real Estate Performance March 2018 Montreal real estate performance March 2018 according to Centris, showed the 37th consecutive increase in sales and the best month of March in eight years.  Sales on the Island of Montréal were up +7 per cent from March 2016.  While sales of single-family homes remained unchanged, condominiums stole the spotlight with a strong sales increase of 19 per cent. Mathieu Cousineau, President of the GMREB Board of Directors said "The condominium resale market is booming in the Montréal area." Prices of single-family homes across the Montréal CMA were up 5% from March of last year.  More than half...