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 –…

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…

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…

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…

Montreal Real Estate Forecast: Should I Buy a Condo in 2018?

The condominium market has proven its popularity in Montreal’s real estate landscape, presenting attractive and affordable alternative homeownership options for young buyers. In fact, condos represented the highest volume in sales on Montreal Island in 2017. 8,517 units were sold on Centris this year compared to 5.728 detached homes and 3,066 ‘plexes. With the new mortgage rules coming into force…

Buying and Selling a Home in a Seller’s Market

In the past year, Montreal has switched from a buyer’s market to a seller’s market. This means more competition, higher prices, and potential bidding wars on available listings. In short, it’s currently easier to sell a home than to buy one. Homeowners in a seller’s market have to face a dilemma: on one hand their home is worth more than…

Montreal vs Quebec City: A Comparison for Real Estate Investors

Estimated reading time: 3 minutes, 40 seconds Summary Both Montréal and Québec City have a healthy economy, expected to grow by 1.9 per cent in 2018. Québec City experienced a slump in 2015 and 2016, but is expected to rebound Montreal was rated the third best city for real estate investments after Toronto and Vancouver. Quebec City: Overview Quebec City’s…

Quiz – What Type of Home Should You Buy?

Does your heart belong to a condo, a detached home, a townhouse or something else? Take our quiz to find out. [os-widget path=”/shupilov/what-type-of-home-should-you-buy” of=”shupilov” comments=”false”]

How Much Do Single Family Homes Cost in Montreal?

Reading Time: 2 minutes According to Daybreak’s report on family homeownership in Montreal, more than 24,000 children have been relocated to the suburbs by their families in the past 5 years, replacing condo living with back yards, square footage, and family friendly amenities. While single family homes tend to cost more (upfront) than condos do, they also offer better appreciation…

CMHC Explores Cutting Red Tape for Self-Employed Borrowers

Canada’s National Housing Corporation (CMHC) is restructuring its qualification requirements in order to make it easier for self employed workers, entrepreneurs and new immigrants to attain homeownership. This involves removing some of the red tape currently required in applying for a mortgage loan. “Right now, under our mortgage insurance policies, you have to be able to document income to get…

Best Montreal Neighbourhoods for Young Families

From square footage to greenery and schools, there are plenty of factors worth considering when choosing where to home your growing family. Here’s a list of our favourites Montreal neighbourhoods for homeowners with young children: Best budget-friendly option: Rosemont  On the East-end of the Greater Montreal Area, between Little Italy and the Olympic stadium, is a neighbourhood that has gained…

What are Monthly Homeownership Costs in Montreal?

Reading Time: 2 minutes, 30 seconds As a homeowner you can expect to pay carrying costs every month, which include your mortgage fees, taxes, and utility bills. Predicting your carrying costs is an important part of budgeting for your home’s purchase. Here are some of the monthly homeownership costs you’ll pave to pay every month in Montreal and in other…

Should you buy a Fixer-Upper in Montreal?

To many buyers, finding a property below market value to renovate into your dream home is an exciting concept. For some, it’s a means of getting a larger house, or in a neighbourhood than they would not be able to afford otherwise. For others, it’s an opportunity to transform a living space to their own tastes and artistic visions. That…

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