Neighbourhood Watch: Pointe St Charles

Across the Lachine Canal and a stone’s throw from Griffintown  lies one of Montreal’s most under-explored residential neighbourhoods, Pointe St Charles. Also referred to as “La Pointe,” it’s the second oldest neighbourhood in Montreal and has truly preserved that industrial-historical vibe that is so characteristic of the Southwest. A stroll down Wellington, Knox and Charlevoix street reveals an exciting blend of urban and suburban: families picnicking under the abstract sculptures…

Family Homes vs Condos

Many first time buyers start their home-hunting unsure about whether they should be investing in a single family house/ townhouse, or a condo. These options offer completely different styles of homeownership, with different lifestyle implications, costs, risks and benefits. Costs The average single family home tends to cost more upfront than the average condo, because of the increase in square footage. For…

Comparing Montreal’s Boroughs

Reading Time: 5 minutes, 6 seconds Montreal’s boroughs are all quite unique in their characteristics, and determining which ones to include in your house search can be quite a challenge. There are several factors to take into consideration when choosing your location: lifestyle, amenities, safety, price and appreciation rates. Montreal officially has 19 boroughs, but here are 9 of the most popular…

Living In St Henri

Reading Time: 2 minutes, 13 seconds St Henri is one of our favourite neighbourhoods, so we’ve decided to share a list of top things to do in the St Henri/ Atwater Market area during the summer. For anyone newly relocated to this neighbourhood, or thinking of renting or buying here, we hope this will provide some insight into the lifestyle St Henri offers….

What is Private Funding?

There has been an upsurge in private real estate funding in the past couple of years due to the increased amount of investment purchases in new condo projects. These projects tend to ask for a larger down payment, and banks tend to be wary of lending the 20% that is required for non owner-occupied investment properties. Another reason for seeking private…

Buying and Selling at the Same Time

Reading time: 2 minutes, 34 seconds Listing a house for sale and buying a home at the same time is no easy feat. Since both of these tasks are relatively complex, it can be hard to coordinate the dates and the financings of the two transactions. While it’s always nice to have your new home ready to move into when…

How do you make an Offer to Purchase?

Estimated reading time: 1 minute, 35 seconds. After finding your dream home, you’ll need to act quickly to put in an offer before anyone else does. Here’s a briefing on the step-by-step of making an Offer to Purchase (a Promise to Purchase). An Offer to Purchase is legally binding, so you need to be very cautious about the terms and conditions submitted. The…

The Pros and Cons of Buying PreConstruction

Estimated reading time: 2 minutes, 59 seconds Buying pre-construction means that the buyer invests in a unit before the project is actually built. This requires a certain amount of foresight, research, and thinking like an investor rather than a live-in purchaser. You need to know exactly where that neighbourhood is heading in the coming years, the potential future returns on your investment,…

Should you buy a DUPLEX?

Many first time buyers in Montreal find themselves torn between buying a duplex in the Rosemont/St Henri area or a unit in a condo project downtown. There are pros and cons to each decision that need to be understood and taken into consideration before investing in either option. Here are the pros and cons of buying a duplex. Pros: 1. You can…

10 Amazing Investment Units under $400k

10 Amazing Investment Units under $400k On the hunt for a real estate investment this summer? Here are 10 Amazing Investment Units under $400k. 1. 711 Rue de la Commune: $345,000 The amazing thing about this condo is that you can see the water from every window! Located in the Silhouette, a condo project in Old Montreal, this one bedroom unit offers access…

The Essential Guide To Selling A Home

1. Keep an eye on the market.  For most buyers, price is the key determining factor which will ultimately attract visitors to your property. Too many owners succumb to the sunk-cost fallacy and simply add a margin to their purchase price instead of researching the unit’s actual value. Instead, your asking price should be based on current and fair market value, attained by a…

The Buyer’s Handbook: Sealing the Deal

Once you’ve set your heart on your perfect home, how do you proceed? Make an offer and negotiate. See Part II: House Hunting, for tips on what to look out for when determining property value. Look at comparable listings in the area too. Rule of thumb- don’t buy the most expensive property on the street. It’ll make it hard for you to resell…

The Buyer’s Handbook: The House Hunt

Congratulations on receiving your mortgage pre-approval! Now it’s time to start scouting the homes on the market and find one that perfectly suits your budget and your needs. What are the factors that you should consider in your home hunt? 1. Decide where you want to live. There are several ways you can filter through locations: By prioritizing lifestyle: some residential districts offer…

The Buyer’s Handbook: Financing your First Home

The Buyer’s Handbook: Financing your First Home The first step towards homeownership is to understand all the costs related to your purchase. This will help you set a realistic budget and filter through cost-appropriate listings on the market . Here is a list of costs you will have to consider for home purchases in Quebec: Down payment: Anywhere above 5%…

A Dictionary of Useful Words for First-Time Buyers

A Dictionary of Useful Words for First-Time Buyers Adjustable mortgage interest rate: With an adjustable rate, both the interest rate and the mortgage payment vary, based on market conditions. Amortization: Length of time over which the debt will be repaid. Appraisal: Process for estimating the market value of a property. Appreciation: The increase in value of something because it is…

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