Montreal Real Estate Tag

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15 Jan

2018 Finishes Strong in Montreal's Real Estate Market According to December's Centris report, across the Montréal CMA, the number of single-family home transactions rose by 3 per cent (1,491 sales) while condominium transactions grew by 2 per cent (993 sales). In contrast, plex transactions fell by 1 per cent (336 sales). The median price of single-family homes and plexes increased significantly across the Montréal CMA in December, reaching $327,450 (+7 per cent) and $525,000 (+8 per cent) The median price of condominiums rose by 3 per cent, reaching $272,863. In December, there were 18,970 active residential listings in the real estate brokers' Centris system,...

03:24 / Montreal Real Estate
20 Jun

Montreal Real Estate Market Update May 2018 The Montreal real estate market update for May 2018 shows we continued to set a new sales record.  The biggest news is the continuation of a tight supply of inventory which has directly impacted sales. "The number of properties for sale continued its downward trend. In May, there were 24,501 active residential listings in the Centris system, which represents a 16 per cent drop compared to one year earlier. "The number of condominiums for sale in the Greater Montréal area fell by about 22 per cent in May. A drop like this has not been seen in nearly 15...

01:48 / Montreal Real Estate
26 Apr

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...

04:35 / Montreal Real Estate
19 Apr

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...

21:05 / Montreal Real Estate
05 Feb

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...

20:17 / Montreal Real Estate
08 Jan

Montreal Real Estate Stats December 2017 Montreal Real Estate Stats December 2017 - The latest Montreal real estate sales statistics via Centris: The quick market update - key takeaway points via Centris. Four of the six* main areas of the Montréal CMA registered an increase in sales in December 2017 as compared to December 2016. Laval, the Island of Montréal and the South Shore set the tone with strong sales increases of 20, 15 and 15 per cent, respectively. Condominium sales were extremely robust in December, jumping by 35 per cent. In fact, the 978 condo transactions registered last month represent a new December sales...

15:11 / Uncategorized
10 Aug

It's Official Canada's New Hot Housing Market Is Montreal Canada's New Hot Housing Market Is Montreal! With the cooling of Toronto's housing market since the imposed 15% tax on foreign buyers, and the days of never ending price increases in Vancouver now well behind us, Montreal has picked up the slack.  Montreal posted a 15% increase in sales in May 2017 over this same month last year.  Prices, while expected to rise only by 1%, in fact rose by 6%. There is quite a lot of interest from foreign buyers who have fallen in love with our beautiful city and like...

04:10 / Montreal Real Estate
14 Jul

What's Happening In Montreal Real Estate July 2017 What's Happening In Montreal Real Estate July 2017? Well according to the latest quarterly report of The Barometer, published by the QFREB; The Montreal residential real estate market is up 8% in sales over last year The condo market registered a whopping 17% increase in sales Single family homes registered an increase of 4% The Island of Montreal posted a 12% increase in sales and Ville Marie 36% Sales of properties $500,000 and more were up 31% and properties $700,000 and more, increased by 40% The number of active listings across the CMA...

01:37 / Montreal Real Estate
12 Jul

Renewables will be the cheapest form of new power generation by 2020 Story Via Business Insider Renewables will be the cheapest form of new power generation by 2020 according to Morgan Stanley. Energy sources like wind and solar will be cheaper than their coal counterparts. In fact they predict that in less than three years, renewables will be the cheapest source of power generation in the world. The bank noted that "The price of solar panels has fallen 50% in less than two years (2016-17).” "We expect the US to exceed the Paris commitment of a 26-28% reduction in US 2005-level carbon...

03:15 / Montreal Real Estate
21 Jun

Foreign Home Buyers Are Looking To Montreal According to the greater Montreal Real estate Board there were 5,057 residential sales in May, a 15 per cent increase from last year. The median cost of a single family home increased to 6 per cent from last year to $319,000. “As I understand it, non-resident buyers have been a growing factor in Montreal for some time,” said Doug Porter, chief economist with the Bank of Montreal. “It hasn’t been obvious since the inflows are not as significant as in Vancouver or Toronto, and the underlying market simply isn’t nearly as tight as in those...

01:51 / Montreal Real Estate
05 Jun

No Foreign Tax In Montreal No Plans For A Foreign Tax In Montreal means that Montrealers can relax safe in the knowledge that there are no plans to implement a tax on foreign buyers that wish to buy Montreal real estate. Vancouver implemented their tax about a year ago, Ontario, in April 2017. Many feared that Montreal would follow suit, but the truth is our real estate market never became overheated like Vancouver or Toronto's. According to the article written by CTV News: "The average prices of all homes in the Montreal area was $364,373 in April, roughly a third of what they...

02:44 / Montreal Real Estate