Real Estate Market Predictions for 2017

Estimated reading time: 2 minutes, 5 seconds. 2016 has been a year of changes- with new mortgage regulations, amendments to real estate taxation laws, and uncertainty over the effects of the American election on the Canadian market. But Canada’s Real Estate Association (CREA), which represents about 115,000 realtors across the country, predicts a major levelling off in 2017. Here’s what economists, analysts…

New Changes to Capital Gains Tax Rules

Reading Time: 4 minutes, 26 seconds A series of new tax rules implemented across Canada in the last quarter of 2016 will have implications on homeowners and their approach to capital gains strategies. Families with more than one property should take the time to read and understand the new requirements, as a means of minimize the amount of tax owed…

CMHC Warns About Higher Downpayment Rules

Estimated reading time: 1 minute, 34 seconds As the danger of Canadians’ debt grows, the CMHC has announced that higher down payments could be required for the average homebuyer, in the near future. Although a change is not yet on the table, the idea of raising the downpayment with loans backed by federal mortgage insurance is being discussed by the heads…

How the American Election Impacts Canadian Real Estate

Estimated reading time: 2 minutes, 36 seconds. This morning’s news about Trump presidency  has certainly taken the world by surprise. While some are still shaking their heads in disbelief, others have started making predictions about the effects of the new leader’s policies and pre-election claims. Here’s what Canadian analysts think, so far: Impact on interest (and mortgage) rates The Republican win could derail America’s slowly…

Market News: TD Raises Mortgage Prime Rate

Estimated reading time: 0 minutes, 53 seconds. Toronto Dominion Bank has become the first national bank to raise its mortgage prime rates following the new mortgage rules announced last month. TD’s variable rate will hike up 0.15 points from 2.7 to 2.85 per cent, after having remained steady for 15 months. Fixed-rate customers should see no change, and the rates associated to other products such as lines of…

Real Estate Forecast: What to Expect in 2017

Reading Time: 2 minutes, 42 seconds In a report published this week, PricewaterhouseCoopers (PwC) released some predictions for Canada’s housing market, based on the results of an extensive industry survey. The study finds that, “investors, developers and property owners are cautiously optimistic about the Canadian real estate market’s outlook for the year ahead.” The hot markets; Toronto and Vancouver, continue to experience high demand…

New Mortgage Rules in Canada: What You Need to Know

Reading Time: 2 minutes, 7 seconds. As of Monday, homebuyers in Canada face tighter down payment requirements for properties over $500,000 and under $1 million. The changes are part of the new federal rules intended to temper some of Canada’s heated real estate markets. No more 5% down payments Under the changes, homebuyers must now put at least 10 per cent down…

Canadian Budget 2016 and its Effects on Real Estate

Reading Time: 5 minutes, 54 seconds 2016 has been a year of changes in the Canadian real estate market, with foreign tax implementations to cool down heated markets, talks of ending welcome taxes, and mortgage pre-requisites due to crack down by the end of November. Budget 2016, which was announced with the election of the new liberal government, ushered in new regulations that will affect the provincial…

Virtual Reality: A New Dimension to Real Estate

Reading time: 2 minutes, 13 seconds VR tech and immersive media has progressed in leaps and bounds since its first appearance in the gaming world of Nintendo Virtual Boy and Sega VR. Today, virtual reality has moved far beyond entertainment, and is being embraced by a host of other industries such as medical therapy, architectural design, archeology, education, military, aviation…

In the News: Demographic Trends in Montreal Favour Condominiums

Reading Time: 5 minutes, 38 seconds The Federation of Real Estate Boards of Quebec (FCIQ) recently published a market analysis entitled L’impact des tendances démographiques sur le marché de la revente au Québec (in French) on the likely impact of demographic trends on the Québec resale market over the next two decades. .The report is primarily based on the demographic projections of the “Institut…

Q4 2015 Montreal Residential Real Estate Market Recap

Reading Time: 2 minutes, 15 seconds The FCIQ recently launched its report detailing the end of year statistics for Montreal’s residential real estate market. 2015 ended on a high note, seeing a 9% increase in sales in the fourth quarter, compared to the fourth quarter of 2014. In total, 37,935 sales were concluded in 2015, a 6% jump from 2014. This was the largest…

Why Canadian Youth are Beating American Peers to Homeownership

Reading Time: 1 minute, 51 seconds A TD Economics report released this quarter revealed that while half of Canadian youth born between 1980 and 2000 had already achieved homeownership (and managing to do so earlier on in life than the previous generation), only 36% of Americans born during this same timeframe had accomplished the same feat. The report takes a look at the…

Which factors will affect Montreal’s housing market in 2016?

Reading Time: 2 minutes, 7 seconds As 2015 comes to a close, these three factors are likely to play the largest role in determining where Montreal’s real estate market will head in the coming months. Stock market volatility Whether the stock market strengthens or weakens during the last quarter of 2015 will have an effect on both demand for real…

In the News: Foreign Buyers to Invest in Montreal Real Estate

Reading Time: 1 minute, 15 seconds According to a new report on Canadian real estate trends for 2016, released by PwC Canada and ULI,  foreign investors will begin to look past the Toronto and Vancouver markets, heading instead towards Montreal and Saskatoon. The shift is caused in part by falling oil prices in Western Canada, which has prompted foreign buyers to look towards the East coast where…

10 Real Estate Trends in the Canadian Market in 2016

The Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) recently jointly released their Emerging Trends in Real Estate report. The report, which is compiled on an annual basis, draws on a variety of sources to identify issues that may affect local investors in both the Canadian and American market. For this particular report, ULI and PwC surveyed and interviewed over 1,400 industry experts…

In the News: APCHQ warns against ending the QST rebate for new homes

Estimated reading time: 2 minutes, 21 seconds. In an article published earlier this week, The Association of Professionals in the Construction and Habitation du Québec (APCHQ) voiced its concern about the proposed removal of QST rebates for new housing in Quebec. As many first time buyers may know, QST rebates are currently available to individuals who have simultaneously purchased land and property from the same builder, under…

In The News: 400 Million Dollar Complex Will Restructure Downtown

Image courtesy in title: CARBONLEO. Word on the Downtown streets is: the new Carbonleo project will be a bit of a game-changer. The multimillion dollar luxury project is projected to stretch over 250,000 square feet, next to the Ogilvy department store on Rue de la Montagne, and to account for 50,000 square feet of commercial space, 75 luxury condos,  a five...

June 2015 Centris Real Estate Statistics

Estimated reading time: 1 minute, 22 seconds. June 2015 was the most active month of June in the past six years. Here’s why…  According to the Greater Montréal Real Estate Board (GMREB) and Centris®’s latest residential market statistics for the Montréal Census Metropolitan Area (CMA), June was a power-month for real estate. François Bissonnette, President of the GMREB Board of Directors,…

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