Montreal Real Estate

Canada's New Mortgage Rules Canada's new mortgage rules and what they mean for you! With the advent of Canada's hot housing markets, the Canadian and provincial governments introduced new stop gap measures to cool down the market. Provincially, both Vancouver and Ontario implemented the 15% foreign buyers tax. At the Federal level, as of January 1st 2018, the Office of the Superintendent of Financial Institutions (Canada’s banking regulator) introduced three new rules on mortgage lending. First of the three new rules, is the new "stress test". All prospective home buyers, even those with a down payment of over 20%  will now have to...

Wellness Communities Are A Multibillion-Dollar Real Estate Trend Our homes are the latest frontier for wellness Wellness communities are  not only a multibillion-dollar real estate trend, but they're here to stay. A recent 2018 research report from the Global Wellness Institute entitled Build well to live well: Wellness Lifestyle Real Estate & Communities, is the first research report to size and analyze the global and regional wellness lifestyle real estate and communities market. "The 150+ page report finds that real estate and communities that intentionally put people's health at the center of design, creation and redevelopment are the next frontier in residential real...

The Latest Montreal Real Estate Sales February 2018 The latest Montreal real estate sales February 2018 shows a 5 per cent increase compared to February of last year and the best month of February since 2012. Five of the six main areas of the Montréal CMA registered an increase in sales.  The Island of Montréal posted significant increases of +5 per cent. Condominiums sales increased by 14 per cent in February, single family home sales +1% and plexes +3%. The median single-family home prices across the Montréal CMA was $310,000 in February, up 6 per cent compared to February 2017. The price of condominiums grew by 5%...

Montreal Investment Property Comparison Montreal investment property comparison, determining which is the best type of property for you. Buying investment property is very personalized as each investor has their unique needs, budget and comfort level with renovations and maintenance. We'll have a look at the four different types of investment property, revenue properties (duplexes triplex etc), condos, townhouses and single family homes. Multifamily is a specialized asset class that will be covered in it's own blog post. Let's look at the Pros & Cons of each type of property: Single Family Homes Pros Highest potential for appreciation, Private form of ownership with freedom to do what...

Montreal Compared To Toronto & Vancouver Markets Montreal compared to Toronto & Vancouver markets, is a quick snapshot of the the three cities in terms of their overall real estate performance. All three cities, Montreal, Toronto and Vancouver are strikingly different. Montréal is very European in feeling, with old architecture and rich history. The province's predominant language is French with a small Anglo minority.  Montreal is world renown for it's awesome food culture! Montréal's real estate market, due to political instability, endured periods of stagnation, keeping price points much lower than the Toronto & Vancouver markets. Over the past few years,...

Feature photo by ©Bonnie Meisels Montreal Real Estate In 2018 What You Need To Know   Montreal real estate in 2018 what you need to know, takes an indepth look at the current Montreal real estate market. We'll address common questions such as "is it better to invest in a home or a condo? which type of investment has the highest potential for appreciation? or which Montreal neighborhoods are performing best in 2018.   Current Market Performance   First we'll have a look at the current market stats. In 2017, Montreal was one of the hottest real estate markets in Canada. Total sales in Greater Montreal increased...

Feature photo: CDPQ Infra What The New REM Transport Network Means For Montreal Real Estate What the new REM transport network means For Montreal real estate is those neighborhoods close to the rail stops will see a nice increase in value.  The Montreal real estate market has been enjoying steady increases in both prices and the numbers of transactions. This trend is expected to continue with the QFREB predicting a 5% increase in sales in Montreal  for 2018. With the new REM transit system in the pipeline, things are going to get more interesting. CDPQ Infra,  a subsidiary of the Caisse de dépôt et...

350 Rue de L'inspecteur #204 - Griffintown Condo 350 Rue de L'inspecteur #204 - Griffintown condo for rent! No need to worry about security in this location as it's right across the street from the police station. This awesome lacation is around the corner from Peel St, the Adonis market, many restaurants, bakeries and boutiques.  To learn more about the neighborhood, read my post, Griffintown Montreal, a neighborhood on the rise. This is a two bedroom one bath Griffintown condo, furnished with taste and style. This historic building was originally built in 1895 and housed a chocolate factory! The condo features high...

AI & Real Estate What To Expect AI & real estate - what to expect? Will it replace the role of the real estate broker/agent? As far as disruption goes, the real estate industry here in Quebec, has managed to remain unscathed. In contrast, other Provinces and Countries have an open MLS system and have witnessed many innovations, such as Redfin, Zillow, Trulia, Opendoor and a long list of other incumbents. As far as Artificial Intelligence goes, there's no doubt it's here to stay, and in a big way. "Intelligent software has massive potential for creating technology that changes labor markets. Real estate...

Innovations In Sustainable Housing Innovations in sustainable housing are very exciting.  New technologies are enabling a new breed of housing. Innovative approaches to construction, are creating homes that are more resistant to climate change along with many sustainable features. Modular or prefab homes are becoming a popular alternative to traditional new construction methods. Some of the benefits modular/prefab homes can offer are energy efficiency, very little to no construction waste, less use of precious resources, quick delivery times and more affordable price points. Check out the videos of this new unfolding, totally transportable home created by TENFOLD. https://www.tenfoldengineering.com/#section-contact The trend in tiny modular...

Featured photos ©Bonnie Meisels Griffintown Montreal A Neighborhood On The Rise Griffintown Montreal A Neighborhood On The Rise is about a newly developed sector of Montreal, barely a kilometer in size.  It's border stretch from north of the Lachine Canal to Notre-Dame St., and east from Georges-Vanier to the Bonaventure Expressway. Real estate wise, this area is part of the borough of Le Sud-Ouest. An area rich with history and some wonderful architectural buildings, this southwestern part of Montreal stretches back to the 1820's to the 1960's as an industrial and working class neighborhood for mostly Irish immigrants. In 2014, Griffintown became part of an...