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…

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…

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…

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…

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…

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…

Montreal vs Vancouver: A Comparison for Real Estate Investors

Estimated reading time: 3 minutes, 13 seconds. When it comes to buying real estate as an investment, here are some points to keep in mind while choosing between Montreal, or Vancouver. Montreal vs Vancouver: A Summary Vancouver is projected to grow its GDP by 3.3% in 2017, leading all Canadian cities with strong employment rates and healthy housing starts. Multifamily units are the…

8 Things to Consider for any Real Estate Investment Property

Estimated reading time: 3 minutes, 6 seconds. We often get asked about the main points to look out for when buying an income-producing property. Picking a good deal amongst the thousands of properties on the market can be overwhelming for first time investors, as securing good returns on your investment will depend on a variety of different market factors. To assure a lucrative real…

How to Find BMV (Below Market Value) Properties in Montreal

Estimated reading time: 3 minutes, 2 seconds BMV, or Below Market Value Properties are properties that are listed for sale below their market value, or below the value of their municipal assessment. There are several reasons why a seller might choose to sell below market value: financial difficulties, repossession, urgency, or misinformation are just a few examples. Finding a BMV property is a main objective…

Is Buying a Home in the Winter a Good Idea?

Common thinking is that summer is the best time for buying a new home. Supply tends to be higher in the warmer months (giving you more options to choose from), and moving is less of a hassle when it’s sunny outside. On the other hand, competition is much more heated from May to September, and bidding wars are more common with a…

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