4 Phases Of The Real Estate Cycle, Explained (Plus: Investment Strategies For Each!)

If you’ve been following Montreal’s real estate news over the past few years, you may have heard terms such as “buyer’s market,” “seller’s market,” or “expansion” or “recession.” What exactly do these market descriptions mean, and how do they affect buyers and investors? Here’s what you need to know about real estate cycles, including how to make smart deals at…

Top Montreal Neighborhoods to Invest In – 2019

Montreal’s third quarter statistics are in, revealing market conditions that continue to surge upwards. That being said, some areas have performed better than others when it comes to value appreciation. We’ve put together a summary of price growth per Montreal neighborhoods, based on Centris Q3 statistics. If you’re considering making a real estate investment in 2019, these are the hottest…

Pros and Cons of Using a Mortgage Broker in Montreal

Shopping around for the best interest rate will substantially affects the overall cost of your residence, or the returns on your rental investment. There are two ways to compare interest rates across lending institutions in Montreal: negotiating in person at various banks, or letting a mortgage broker handle the negotiations for you. Here are a few points to consider, when…

How To Use Equity To Finance Your Real Estate Investments

If you’ve been making regular payments on your personal residence, the equity you have built can be used to reinvest into rental properties, fund personal objectives, or complete renovations. Although home equity loans (HELOC’s) carry their own share of risk, responsible investments can still be made using these funds. Here are some pointers and strategies to apply when using equity…

How To Avoid Overpaying For Real Estate in a Seller’s Market

Montreal’s real estate market was recently ranked one of the hottest seller’s markets, which means the city’s housing prices and market conditions swing strongly in the favour of sellers. In a seller’s market, bidding wars become increasingly common, and buyers could easily end up paying far more than they had anticipated on a home or rental property. Buying in a…

How Much Have New House Prices Risen This Year in Montreal? June 2018

According to Statistics Canada’s New Housing Price Index, new house prices in Montreal have risen faster this month than in any other Canadian metropolitan area. The New Housing Price Index tracks changes in the price of new construction single-family houses, townhouses and other residential properties. It has crept up by 1% between May and June, after four months of stagnation. New homes…

How to Sell Your Home in a Seller’s Market – Montreal

In the past year, Montreal has rapidly shifted from a buyer’s market to a seller’s market. With more buyers competing for fewer homes, homeowners are more likely to see high appreciation rates, bidding wars, and offers over the asking price. Generally speaking, homes sell much faster when market conditions favour sellers. With the right strategy, sellers can take full advantage…

This is What a $500,000 Budget Buys in the Montreal Duplex Market

According to QFREB’s latest report, Montreal’s ‘plex market performance has soared over the past twelve months. Duplexes and multiplexes are popular investment options, as they allow the homeowner to occupy one of the units while gaining passive income from the others. The average price of a residential duplex in Montreal,  $510,000, sits just above the average price of a single family…

Your Mortgage Application Was Denied…Now What?

Rejected mortgage applications have become increasingly common since Canada’s B-20 Guidelines were implemented in January. The new mortgage stress-test holds buyers up to stricter standards, requiring them to qualify at 4.99% or 2% over the benchmark rate. As a result, recent buyers have lost a significant amount of purchasing power, and some have found their applications denied entirely. What should…

Where Can You Buy a Montreal Condo for Less Than Average?

Is it expensive to buy a condo on Montreal Island? It depends on what you’re looking for — and where you’re willing to live. Some buyers pay top dollar to live within walking distance of their workplace, while others prefer a longer commute in exchange for more square footage. Luckily, because of Montreal’s affordable real estate prices (when compared to…

The Best Montreal Neighborhoods for Young Couples: 2018

Which are the most popular Montreal boroughs for young couples buying their first apartment or home? To find the best neighborhoods for young couples, we asked our team of brokers to rank each neighbourhood according to the criteria most commonly desired by young buyers: affordability, access to public transportation, proximity to the Downtown core, and a unique community vibe. In…

Canadian Millennials Most Likely To Become Landlords – A CIBC Report

According to a CIBC poll on rental properties, millennials are more likely than any other age group to rent out their homes – or rooms in their home,  for extra income. Almost half od millennials polled (47%)  were already landlords (30%), or planed to rent out their properties in the future (17%). In contrast, only 29% of homeowners between the…

Is a Rental Property a Good Investment in Montreal?

Owning an income property can be a great way of saving for retirement and gaining passive income, all while growing your equity. Unlike the stock market which is volatile, a well-selected rental property brings consistent long term returns, and can eventually be passed on to your children or partner. When owning an income property, there are two ways you will…

Clients Ask: How Much Does It Cost To “Flip” Real Estate In Montreal?

This week, we received a question about fixing and flipping a residential property in Montreal. Q: I’m considering buying an undervalued townhouse to fix up and sell at a profit. How much should I estimate in terms of renovation and carrying costs? Is there a rule of thumb for this type of work in Montreal? A: When buying a property to…

Clients Ask: How Do I Research a Condo Developer in Montreal?

This week, we received a question about doing market research on real estate developers and condo projects in Montreal. Q: I’m planning on buying a new-dev condo in St Henri. How much research should I do on the researcher, and where can I find unbiased information? A: Whether buying a new development as a pre-construction unit or at a later stage…

Montreal Boroughs Ranked According To 5-Year Appreciation

When buying real estate, selecting an area with a good appreciation rate is an important way of building equity over the long run. If you buy at home at $400,000 and the home appreciates at a rate of 5% annually, you will have grown your equity by $20,000 a year, or $110,512 over five years. We’ve ranked the boroughs in the Montreal…

Clients Ask: Is it True That Homes Are Selling At A Record Pace in Montreal?

This week, we received a question about Montreal’s market conditions. Q: I read that the market currently favours sellers in Montreal, and sales activity is at a record high. Does that mean that homes are selling faster too? How fast can I expect my home to sell in 2018? A: It’s true that Montreal’s real estate market favours sellers in…

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