2017 Rental Market Recap – Montreal and Quebec

Understanding rental rates, vacancy rates and turnover rates is an integral part of estimating the ROI (return on investment) for a rental property. Earlier this month, CMHC released the latest provincial averages based on Centris data. Although rental market statistics can vary widely from neighbourhood to neighbourhood, these figures provide a cursory overview of the average rates you can expect…

Weekly Real Estate Market Recap: January 12, 2018

This Week: Montreal residential sales statistics for December 2017, No housing bubble in Montreal according to latest numbers and more… Montreal residential sales statistics for December 2017 Source: Shupilov Real Estate December’s residential statistics by the GMREB (Greater Montreal Real Estate Board) indicate that Montreal’s real estate market ended on a high note in 2017. 2,781 residential sales were concluded…

Montreal Residential Sales Statistics – December 2017

December’s residential statistics by the GMREB (Greater Montreal Real Estate Board) indicate that Montreal’s real estate market ended on a high note in 2017 2,781 residential sales were concluded in total, a 10% increase relative to December 2016. This was the most active December since 2009. Real Estate Prices The median price of detached homes in the CMA was $305,000 in December,…

Weekly Real Estate Market Recap: January 5, 2018

This week: Non-Resident ownership of condos remains low and stable in Canada, High consumer confidence regarding homeownership and the economy, and more… Non-Resident ownership of condos remains low and stable in Canada Source: CMHC The CMHC looked at 17 Canadian Census Metropolitan Areas (CMAs) to determine shares of condo apartments owned by non-residents. They found that the majority reported shares…

Quiz – How Much Do You Know About Montreal’s Real Estate Market?

A lot has happened this year in Montreal when it comes to Montreal’s real estate market. How much have you kept up with local news and trends in 2017? Take this trivia quiz to find out: [os-widget path=”/shupilov/montreal-real-estate-trivia-quiz-2017″ of=”shupilov” comments=”false”]

Montreal Real Estate 2017: A Year in Review

January: Teranet and the National Bank of Canada have collaborated to pull together house price data in Canada’s 6 metropolitan cities (Montreal, Vancouver, Toronto, Edmonton, Ottawa and Calgary). In Montreal, a sharp increase in luxury homes (over $500,000) was recorded, as well as a slight decrease in home sales in the $200,000-$300,000 price range due to tightened mortgage regulations in 2016….

Teranet: Montreal Shows Highest Price Increase Across Canada

Teranet’s numbers for November show a third consecutive decline in real estate prices across the country, led by Toronto. Price dropped by 0.47% in November, but they remain 9.19% higher than November of last year. Meanwhile, Montreal saw the highest spike in prices of any Canadian city. This is the third consecutive month that prices have risen in Montreal. In…

Where to Buy Montreal Real Estate in 2018

Where to buy Montreal real estate in 2018 : A break-down of the neighbourhoods and boroughs that performed the best this year, based on appreciation rates, sales volume, and proximity to Downtown. All figures are based on Centris stats for the for the last four quarters of 2017. Overall figures for Montreal:  Total Sales: 17,311 residential units sold + 10%…

Top Montreal Neighbourhoods to Invest In – 2018

Thinking of buying a real estate investment in 2018? Here’s a break-down of the Montreal neighbourhoods and boroughs that performed the best this year, based on appreciation rates, value and proximity to Downtown. All figures are based on Centris stats for the for the last four quarters of 2017. Overall figures for Montreal:  Total Sales: 17,311 residential units sold +…

Real Estate Market Outlook – Trends and Predictions for 2018

Earlier this month, the Canadian Real Estate Association released its 2018 predictions for upcoming market trends. Montreal is expected to gain momentum while Vancouver and Toronto cool down. If current trends continue, real estate will provide the economic boost that the provincial economy needs. Sales GMREB recorded record sales in May this year, a 15% increase relative to May 2016.Montreal…

Montreal Real Estate Market Predictions – 2018

Where is Montreal’s real estate market headed in 2018? Here’s what we know so far, based on industry reports and statistics. Canadian Real Estate Outlook – CREA The Canadian Real Estate Association has released its 2018 outlook on market trends. It sees home sales dropping nationally as a due to slower activity in Vancouver and Toronto. Cooling markets in those…

Canada’s New 2018 Mortgage Stress Test: Explained

As of the 1st of January 2018, all Canadian buyers borrowing from a federally regulated lender will be subject to the OSFI Mortgage Stress Test, including insured borrowers (those with a down payments of 20% or more.) Lenders will now have to qualify all conventional mortgages using the Bank of Canada’s 5-year benchmark rate, which is currently set at 4.99%, or…

Montreal Real Estate Market Update: October 2017

Estimated reading time: 4 minutes, 30 seconds Here’s what’s been happening on Montreal’s real estate market this October: Chinese homebuyers still investing in Canada, despite foreign-buyer taxes Vancouver and Toronto’s foreign buyer tax has done little to stall foreign interest in the cities, according to statistics pulled from a Chinese property search website. Chinese investor inquiries on Juwai.com have…

PWC Emerging Trends in Real Estate 2018

Today, PWC released its annual report of emerging trends within the real estate sector. Here is a summary of their findings: Trends by Property Type Condominiums The condo sector is poised for success in 2018, with steady demand in most Canadian markets. Condo units appeal to young professionals in the downtown core, who prioritize proximity to the business center over…

New Mortgage Stress-Test Regulations May Reduce Your Home Buying Power

This Tuesday, Canada’s federal banking regulator introduced new regulations which extend stress tests to all homebuyers, including those contributing more than 20% towards their downpayment. Currently, the stress test only applies to down payments under 20% and to borrowers with a term of less than 5 years. These new rules are scheduled to take effect at the beginning of January…

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…

Montreal Real Estate Market Update: September 2017

Reading time: 3 minutes, 2 seconds Montreal students build sustainable home for Chinese competition Source: CTV news Students from Concordia and McGill universities have been selected to show off their designs for an energy efficient homes in the 2018 Solar Decathalon competition in China.  The project has been 18 months in the making, and brings together students from engineering, design,…

Team Coderre’s Program Aims to Facilitate Homeownership

Reading Time: 1 minute, 30 seconds The Greater Montréal Real Estate Board (GMREB) is in agreement with Team Coferre’s goal to increase levels of homeownership in Montreal. Team Coderre wants to invest $17 million into Montréal’s first-time buyer program, which helps first time buyers attain homeownership by allowing them to tap into their RRSPs for an interest free loan. The program will now include…

Nav Nav
×