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…

What Are Pocket Listings And How Do You Find Them?

Reading Time: 4 minutes, 2 seconds  “Pocket listings,” or “whisper listings” have become popular options for residential and commercial investors over the past year in Montreal. Multiplex and high end real estate sellers are increasingly choosing this option as a way of discretely marketing their home.  . If you’re new to the term, here’s an overview of everything you should…

How Much Do Duplexes Cost in Montreal?

Reading Time: 3 minutes, 12 seconds If you’re preparing for homeownership, chances are you’ve considered subsidizing your mortgage costs by buying a duplex and renting out half of it. This post will give you an idea of how much it costs to purchase a duplex in the different boroughs of Montreal. *Please note that this list is based on Centris…

How to Structure a Real Estate Portfolio

Reading Time: 1 minute, 30 seconds How your investment portfolio is structured will affect your cash flow and taxation amounts. Once you’ve considered buying more than one rental property, you may want to think about how to organize your investment ownership. Here is a quick guide for beginners on how to structure your real estate portfolio. How to Structure a…

Where can I find off-market properties in Montreal, Quebec?

Off-market properties and other privately sold listings have traditionally been the purview of the luxury real estate market as well as the commercial market. Properties over the 5 million mark are typically marketed on a word of mouth basis within a circle of well connected agents and investors, instead of being advertised publicly on MLS. In recent years the private…

A Guide To Real Estate Taxes in Montreal

Reading Time: 2 minutes 5 seconds Property taxes are inevitable carrying costs that come with homeownership, regardless of whether you’re buying your first home or adding to your real estate portfolio as an investor. Here is a guide to real estate taxes in Montreal, which will help you budget for your investment and stay on top of your accounting. Expected…

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…

Nav Nav
×