Is it a good time to buy a condo in Montreal?

Reading Time: 6 minutes, 14 seconds With the upswing of condo construction in Montreal’s Downtown core and Griffintown, there is some debate among buyers about whether it’s a financially sound move to buy a condo in a saturated real estate market. While some argue against the resale and rental competition that such a market entails, others are in favour of the…

FSBO Vs Selling with a Broker

Estimated reading time: 3 minutes, 11 seconds. Should you hire a real estate broker, or try to sell your home on your own? For first-time sellers, this might be a question on your mind. There are many factors to consider before making the decision to use an agent or to put up your own yard sign. Here are a few of them:  1. Are you…

Quiz- Which Montreal Neighbourhood Should You Live In?

Each borough in Montreal has its own unique flavour, which contributes towards the overall diversity of Montreal. Depending on your lifestyle and preferences, some neighbourhoods will be a better fit for you than others. Take this quiz to find out which Montreal neighbourhood you should be living in! Quiz- Which Montreal Neighbourhood Should You Live In?

Top Montreal Neighbourhoods to Invest In – 2017

Despite last year’s federal mortgage changes, which were intended to cool down Canada’s overheated markets, Montreal’s real estate market continues to yield healthy property appreciation rates. By March of 2017, sales of luxury homes (over $1M) in the city had increased by 13%, and property prices are on the rise in most boroughs in the GMA.  Earlier this year Moneysense…

Real Estate Market Update: May 2017

Having moved into the second quarter of 2017, there’s much speculation about where the real estate market is headed. The key changes in the past 3 months have been: 1. 2017 Federal Budget favours the housing market On March 22 Bill Morneau, Canada’s Finance Minister, tabled his budget for the upcoming year. Among the proposed measures, the rumours of an increased capital…

Fixed Rate vs Variable Mortgages – Which is Right for You?

Estimated Reading Time: 3 minutes, 14 seconds Choosing the the right mortgage can save you thousands of dollars throughout the course of your homeownership cycle. For example, a 1% increase in interest on a $300,000 loan over 25 years will increase your total payments by more than $39,000. When shopping around for a loan, one of the important decisions you’ll have to…

5 Things Every First-Time Investor MUST Know Before Buying Real Estate

Estimated reading time: 4 minutes, 28 seconds. Building your real estate portfolio by investing in rental properties is a good way to guarantee steady passive income and consistent returns on your investment. But first-time investors will soon realize that the path to success is paved with potholes, and knowing the difference between a cash-cow and a money pit can sometimes be harder than expected….

How to Shop Around For A Mortgage

Estimated reading time: 2 minutes, 46 seconds Shopping around for the best interest rate can save you thousands over the course of your mortgage. When you’re buying a home, comparing interest rates and mortgage terms at different banks is a smart thing to do, since your mortgage loan is likely to be the biggest debt you’ll assume in your lifetime. The interest rate…

7 Decor Looks for an Inviting Summer Patio and Backyard

Estimated reading time: 1 minute, 38 seconds. With summer on its way, it’s time to pull out the patio furniture and make the most of the warm weather. Here are 7 inspiring looks to transform any garden or terrace into a fabulous outdoor space. 1. The French farmhouse look – rustic and relaxed Although designed for large rural spaces, the farmhouse aesthetic can be transplanted…

Projet Montreal Wants to Tax Foreign Real Estate Investors

Estimated reading time: 0 minutes, 54 seconds. Concerned about about a spike in foreign real estate investors, the opposition at city hall has proposed a tax on foreign investors purchasing real estate in Montreal. Unlike Toronto and Vancouver, where the tax was implemented after reaching crisis-levels when it comes to housing affordability, Projet Montreal wants to give the city the power to…

The Complete Step-by-Step Guide to Buying a Home

Estimated reading time: 1 minute, 51 seconds. Buying a home is a major milestone that features on many people’s list of lifetime goals…as well as on their list of financial fears! While it’s true that real estate transactions are complicated, they certainly don’t need to be scary or stressful. With the right amount of research and patience, you can demystify the home-buying process and protect yourself…

What Paperwork do you Need to Buy a House?

Estimated reading time: 2 minutes, 4 seconds. A real estate purchase is a relatively complex transaction that involves many people, documents and deadlines. To ensure a smooth and stress-free experience as a first time buyer, it’s always best to get organized before embarking on your property search. To start, you’ll want to obtain all the necessary paperwork . Here’s a list of the documents…

Rosemont: A Lively and Affordable Montreal Borough

Estimated reading time: 1 minute, 31 seconds. An Introduction to Rosemont On the East-end of the Greater Montreal Area, between Little Italy and the Olympic stadium, is a neighbourhood that has gained much popularity in recent years. Rosemont is an affordable residential borough with large green spaces, community-minded residents, and a choice of new and old homes in a variety of…

Stocks and Bonds VS Real Estate Investments

Estimated reading time: 5 minutes, 3 seconds. Through the years, there has been much debate as to which is a better investment; real estate ownership or the stock market. Both options can be very profitable but they come with a different set of advantages and disadvantages, making them appealing to different types of investors. Knowing which one is right for you is a…

Ontario Implements 15% Foreign Investor Tax Among Other Measures

Estimated reading time: 3 minutes, 32 seconds Six significant changes were recently implemented in Ontario in an attempt to cool Toronto’s overheated real estate market. A non-resident speculation tax of 15% will be imposed on all buyers who are not permanent residents, in Ontario, Canadian citizens, or Canadian corporations. The non-resident tax will not effect immigrants who have obtained permanent resident status, nor foreign nationals working…

Investment Strategies: Flipping vs Buy and Hold

Estimated reading time: 7 minutes, 6 seconds. The decision to make a real estate investment should be supported by a strong business plan, because it involves a significant amount of capital and a fair amount of risk. As an investor your strategy should be informed by extensive market research, financial planning, and an awareness of the potential pitfalls along the way. One of the decisions you’ll have…

Should You Buy a Repossessed Property?

Estimated reading time: 4 minutes, 47 seconds. A real estate repossession is a process in which a lending institution retrieves a portion of an outstanding mortgage loan after a homeowner has defaulted on the payments. Foreclosing lenders will typically be willing to sell the home at a discount, simply to recover their funds and get the property off the books. For this…

Should You Work With a Broker to Sell Your Home?

Estimated reading time: 1 minute, 12 seconds. You have two options when selling a home: working with a real estate broker, or attempting to sell on your own. While you may save on commission by going solo, real estate transactions are very complicated and will consume a lot of time, energy, and possibly money as well. Between the evaluations, real estate photography,…

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