2017 Rental Market Recap – Montreal and Quebec

Understanding rental rates, vacancy rates and turnover rates is an integral part of estimating the ROI (return on investment) for a rental property. Earlier this month, CMHC released the latest provincial averages based on Centris data. Although rental market statistics can vary widely from neighbourhood to neighbourhood, these figures provide a cursory overview of the average rates you can expect…

10 Montreal Neighborhoods that Have it All:

We’ve rounded up a selection of 10 Montreal neighbourhoods that “have it all” – affordable homes, proximity to daily destinations such as schools, the business district and public services, plenty of available listings and a low selling time. Whether buying a primary residence or an investment property, these 10 boroughs are good places to start your property search. 10 Montreal Neighborhoods…

Weekly Real Estate Market Recap: January 12, 2018

This Week: Montreal residential sales statistics for December 2017, No housing bubble in Montreal according to latest numbers and more… Montreal residential sales statistics for December 2017 Source: Shupilov Real Estate December’s residential statistics by the GMREB (Greater Montreal Real Estate Board) indicate that Montreal’s real estate market ended on a high note in 2017. 2,781 residential sales were concluded…

Montreal Residential Sales Statistics – December 2017

December’s residential statistics by the GMREB (Greater Montreal Real Estate Board) indicate that Montreal’s real estate market ended on a high note in 2017 2,781 residential sales were concluded in total, a 10% increase relative to December 2016. This was the most active December since 2009. Real Estate Prices The median price of detached homes in the CMA was $305,000 in December,…

How to Calculate Real Estate Return on Investment

Calculating your return on Investment (ROI) is an essential part of deciding whether a rental property is a smart purchase. Simply stated, ROI refers to the percentage of invested money that is recuperated as profit, after deduction of associated costs. How to Calculate Real Estate Return on Investment As a formula, ROI looks like this:  ROI = (Gain from investment –…

Weekly Real Estate Market Recap: January 5, 2018

This week: Non-Resident ownership of condos remains low and stable in Canada, High consumer confidence regarding homeownership and the economy, and more… Non-Resident ownership of condos remains low and stable in Canada Source: CMHC The CMHC looked at 17 Canadian Census Metropolitan Areas (CMAs) to determine shares of condo apartments owned by non-residents. They found that the majority reported shares…

Quiz – How Much Do You Know About Montreal’s Real Estate Market?

A lot has happened this year in Montreal when it comes to Montreal’s real estate market. How much have you kept up with local news and trends in 2017? Take this trivia quiz to find out: [os-widget path=”/shupilov/montreal-real-estate-trivia-quiz-2017″ of=”shupilov” comments=”false”]

How to Find the Best Real Estate Deals in Montreal

When buying an rental property or home to flip, investors will try to find properties that are listed for sale below their market value, (BMV) or below the value of their municipal assessment. A property could be listed under market value for several reasons: repossession, urgency on the part of the sellers, or misinformation regarding market trends. Finding a property listed below…

8 Real Estate Resolutions for 2018 – Montreal Buyers and Investors

With the new year right around the corner, it’s time to start thinking about your real estate goals and objectives for 2018. Whether you aim to buy your first home or to build a profitable real estate investment portfolio, here are a few ideas for resolutions you can set this year:8 Real Estate Resolutions for 2018 – Montreal Buyers and…

Where to Live in Montreal: Best Areas to Buy a Home

Which are the top neighbourhoods to buy a home in Montreal? Which are the best places for young families to live in? For professionals? Where to Live in Montreal: Best Areas to Buy a Home Each Montreal neighbourhood is unique, and where you decide to live will depend on your personal needs and preferences. In this section we’ll try to outline the…

Montreal Real Estate 2017: A Year in Review

January: Teranet and the National Bank of Canada have collaborated to pull together house price data in Canada’s 6 metropolitan cities (Montreal, Vancouver, Toronto, Edmonton, Ottawa and Calgary). In Montreal, a sharp increase in luxury homes (over $500,000) was recorded, as well as a slight decrease in home sales in the $200,000-$300,000 price range due to tightened mortgage regulations in 2016….

Teranet: Montreal Shows Highest Price Increase Across Canada

Teranet’s numbers for November show a third consecutive decline in real estate prices across the country, led by Toronto. Price dropped by 0.47% in November, but they remain 9.19% higher than November of last year. Meanwhile, Montreal saw the highest spike in prices of any Canadian city. This is the third consecutive month that prices have risen in Montreal. In…

How To Calculate Real Estate Appreciation and Future Value – Montreal

When buying a real estate investment in Montreal, your financial plan may require you to estimate the future value of the property based on land appreciation. Appreciation is an increase in the value of an asset over time, caused by factors like inflation, increasing demand, and improvements to the property. Projecting appreciation and future value can help you determine whether the investment fits…

Where to Buy Montreal Real Estate in 2018

Where to buy Montreal real estate in 2018 : A break-down of the neighbourhoods and boroughs that performed the best this year, based on appreciation rates, sales volume, and proximity to Downtown. All figures are based on Centris stats for the for the last four quarters of 2017. Overall figures for Montreal:  Total Sales: 17,311 residential units sold + 10%…

Average Real Estate Prices and Appreciation Rates in Montreal

Thinking of buying a real estate investment in 2018? Here’s a break-down of the Montreal neighbourhoods and boroughs that performed the best in 2017, based on appreciation rates, increase in sales volume, and proximity to Downtown. Average Real Estate Prices and Appreciation Rates in Montreal All figures are based on Centris stats for the for the last four quarters of 2017….

How Much Do Condos Cost in Montreal?

Reading Time: 3 minutes, 12 seconds If you’re preparing for homeownership, chances are you’ve wondered how much condos cost, in average, across the island of Montreal. In this article, we’ve compared the prices of 2 bedroom condos in some of Montreal’s most popular neighbourhoods. How Much Do Condos Cost in Montreal? *Please note that this list is based on Centris listings…

How Much Do You Need to Earn to Buy Real Estate in Montreal?

From new mortgage requirements to shifting market conditions, affordability is a hot topic in Montreal’s real estate market. But what do condos and houses actually cost in 2017, and how much do you need to earn to be able to buy them?  How Much Do You Need to Earn to Buy Real Estate in Montreal? According to Centris statistics, these are…

Should You Get a Home Inspection Before Buying a New Condo?

One of our clients, a first time buyer, asked us an excellent question recently: “Should I get an inspection if my condo is less than 5 years old?” Here’s our take: The primary purpose of an inspection is to identify any issues with the building or the unit, which could affect your decision to buy the condo, or the price…

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