Clients Ask: What is a Good Cap Rate for Real Estate in Montreal?

This week, a client asked about CAP rates for revenue properties (multiplexes) in Montreal: Q. I recently moved from Toronto to Montreal and have decided to purchase a rental investment property. What is considered a “good” CAP rate for an investment property in Montreal?  A: CAP rate is one of the first metrics a real estate investor will look at when…

Montreal Real Estate: Should I Buy a Multiplex in 2018?

Multiplexes are a popular option for Montreal investors, due to the lucrative returns they offer on your capital investment (your downpayment and purchase costs). But buying a revenue property requires more number crunching than buying a primary residence, since you will need to look at rental rates, ROI, cap rate, and other metrics not typically considered when buying a home…

8 Tips For Buying A Montreal Condo In 2018

Condos are currently the fastest growing property type in Montreal, with average prices falling far below those of single family homes or townhouses. Many buyers prioritize the central location and convenience associated with condo ownership, trading in square footage for affordability and amenities. Here are some tips for buying a condo in Montreal this year: Start with a pre-approval A pre-approval…

Montreal Homeownership Costs: Mortgage Fees, Taxes & More

When buying a home in Montreal, you will need to budget your monthly carrying costs including your mortgage fees, taxes and utilities along with the closing costs of your purchase. Having a clear idea of your total costs will help you decide whether you are financially prepared for the move from renting to homeownership. Here are some of the costs…

Map of Contaminated Land in Montreal: Quarries, Landfills and Former Dumps

Contaminated land is one of the reasons a lending institution might refuse a mortgage application. Buying real estate on contaminated land could also impact your resale value, or make it harder for you to find tenants for a rental property. CBC Montreal reported in 2015 that close to 80 sites across Montreal contained contaminated soil. These include former landfills, garbage…

Best Montreal Boroughs to Buy a Duplex, Triplex or Multiplex

Buying a duplex, triplex or a building with more than 3 doors is a popular way of generating passive income on a rental property, for those who can afford the higher closing costs. Some investors choose to live in one of the units while renting out the rest to help supplement their mortgage payments, and in other cases the entire…

How Will Canada’s New Stress Test Affect Your Mortgage Renewal?

Canada’s new mortgage rules have already had a big impact on real estate prices and sales volume. As of the 1st of January 2018, all Canadian buyers borrowing from a federally regulated lender are subject to the OSFI Mortgage Stress Test, including insured borrowers with down payments of 20% or more. For this reason, renewing your mortgage in 2018 might seem a little…

How to Buy a Home or Condo in Montreal, Canada

Buying a home or condo in Montreal? We’ve put together a step-by-step list of resources and articles to help you plan your purchase: Step 1 – Verify that you’re ready for homeownership. How Much Do You Need to Earn to Buy Real Estate in Montreal? Buying vs Renting- Which is Right for You? 3 Questions to Determine if You’re Ready for Homeownership Here’s…

Best Real Estate Investment Opportunities in Montreal – 2018

Montreal’s real estate market has been viewed optimistically in 2018 by financial and market analysts across Canada, who point to the city’s affordability and growth as a promising investment prospect. According to PWC’s latest report, multi-purpose condo projects and rental projects are seeing success in Montreal, and are expected to dominate the market in the upcoming year. The senior market is…

Most Expensive and Most Affordable Areas in Quebec for Real Estate

The latest Word From the Economist, published by the Québec Federation of Real Estate Boards (QFREB), compares prices in the most and least affordable parts of Quebec in 2017-2018. Most Expensive and Most Affordable Areas in Quebec for Real Estate Despite price appreciation in almost all areas, real estate is still relatively affordable in Quebec- according to the data, half of all…

What Can a First Time Homebuyer on a $250,000 Budget Get in Montreal?

If you’re a first time buyer on a limited budget, Montreal is a great place to start your property search. The average Montreal condo cost $292,000 in 2017, compared to the average cost of $529,782 in Toronto and $682,800 in Vancouver. While property prices may be elevated in select residential boroughs – such as Town of Mount Royal, Old Montreal…

7 Ways to Save Money When Buying a Home in Montreal

If you’re like most people, a home will be the single most expensive item you buy over your lifetime. In Montreal, the average condo costs $292,000 while the average single family house will set you back $440,000. Fortunately, there are a few smart strategies you can use that will reduce the burden of your closing costs while also minimizing the long term…

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

If you’ve been following Canadian real estate news over the past few months, chances are you’ve encountered several optimistic outlooks on Montreal’s residential market. In 2017, Montreal recorded the fastest appreciation of property prices across the country, and was recently ranked as the third most promising city to invest in after Toronto and Vancouver. It’s no surprise that the city…

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…

Nav Nav
×