When Is The Right Time to Sell Your Home?

Reading time: 3 minutes, 58 seconds Most homeowners don’t plan on living in their first home forever, but choosing the right time to make the switch can be a challenge. Without a pressing reason to put your home on the market, it can be difficult to know for sure when you’ve outgrown your current living situation. Here are six questions…

Montreal Shifts Towards a Seller’s Market

Reading Time: 1 minute, 56 seconds According to the GMRE data released on Friday, residential real estate sales in Montreal have risen in the month of July across all property types, for the third consecutive month. Home sales in the larger Montreal area increased by 16% last month, compared to July 2016. The largest increase was seen on the Island…

Buying a Multiplex in Montreal

Many first time home buyers as well as seasoned investors consider buying a multiplex to generate equity and passive income on a monthly basis. A multiplex is a building that has been divided into two, three or more separate units. Anything larger than a fourplex is classified as a commercial property, and may incur higher interest rates and taxes. Investors…

Townhouse vs House: Which is the Better Investment?

Many families in Montreal find themselves torn between buying a house in a residential neighbourhood or a townhouse closer to the downtown core. Choosing between the two property types comes down to your preferences and your personal lifestyle. Are you looking for a large back yard and lots of square footage, or something with a modern look? Are you comfortable with DIY or…

5 Online Tools to Help You Buy a Home

Between browsing through listings, coordinating visits, and planning your finances, buying a home can be quite a strenuous task! Here are some useful and user-friendly digital tools that will help you save time at every stage of your house-hunt. 1. Before you start your search: apply for an pre-approval online. Having a mortgage pre-approval in hand before you start visiting properties is crucial…

Market News: Qualifying Rate and Mortgage Rate to Increase in 2018

For the past few weeks, invested parties have speculated on a potential Bank of Canada qualifying rate increase, from 4.64%, where it stands today, to 4.74%. Market News: Qualifying Rate and Mortgage Rate to Increase in 2018  For the time being, the British Columbia Real Estate Association is predicting that no change will occur until the first quarter of 2018. BCREA’s chief economist…

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 has been much debate among buyers over 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 low prices…

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…

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