How to Discontinue a Lease in Quebec

Reading Time: 51 seconds Many tenants don’t realize that in Quebec, leases are auto renewed at the end of their term unless they stipulate otherwise. Tenants who are not planning on moving homes on July 1st must assume the responsibility of discontinuing their leases within the deadlines imposed by their rental category. How does a lease discontinuation work? Tenants with short term leases (less than 12 months) must notify…

A Glossary of Real Estate Terms

Amortization: The period of time required to completely pay off a mortgage debt, if all payments are made on time and the terms of the mortgage stay the same. Appraisal: An estimate of the current market value of a home. Appraiser: An appraiser can tell you exactly how much a home is worth, so you don’t pay too much. Approved Lender:…

Tricks to Cut Your Energy Bills This Winter

Estimated reading time: 2 minutes, 17 seconds Unfortunately for Montrealers, winters are long, cold, and quite expensive in bills if we’re not careful about our energy conservation. Cranking up the thermostat — and leaving it there — is an easy fix to fight off the cold. But it doesn’t do much for our savings, nor is it environmentally friendly. Here are…

Here’s why EQUITY is so important!

Reading Time: 1 minute, 23 seconds One of the biggest perks of homeownership is that is builds your equity, strengthening your personal and family wealth. Equity takes into account the amount you’ve already paid off on your mortgage, as well as your home’s appreciation over time. Many homeowners mistakenly think of it as the difference between what they paid for their home and the…

8 Reasons to Buy and Not Rent

Reading Time: 2 minutes, 51 seconds Homeownership comes with many benefits, both fiscally and in terms of lifestyle. If you’re struggling with the decision of whether to buy or rent, here are 8 good reasons to take the plunge and invest in your first home. 1. You build equity. Equity is the amount of the house you truly own. It’s the sum you’ve…

Suburban vs Inner City Living

Reading Time:2 minutes, 58 seconds  What are the differences between living in the inner city core and in the suburbs? Lifestyle  Two very different sets of benefits determine whether homeowners are drawn to the suburbs or to the inner city core. Very often the suburbs have more of a sense of community: neighbours tend to communicate more frequently and young children…

Comparing Montreal’s Boroughs

Reading Time: 5 minutes, 6 seconds Montreal’s boroughs are so diverse that it can be hard for buyers to know where to look when starting their house-hunting process. There are several factors to take into consideration- lifestyle, amenities, safety, price and return on investment. Montreal officially has 19 boroughs, but here are 9 of the most popular ones:  1. The South West, 2. Rosemont  3….

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….

A Look at the Hottest Condo Projects in Town

Pick Your Project: A Look at the Hottest Condo Projects in Town With the 21,982 new condos that were built in the city of Montreal in 2014, there’s no lack of options for those looking to buy a new home. The challenge is sorting through the register of new developments, and knowing which ones are worth investing in. Here is a list of the…

All Eyes on the Murray

Griffintown has yet another condo project to add to its repertoire; a 300-unit building on Murray street that will be move-in ready on May 1, 2015. Despite only having been on the market for a few months the Murray is already 80% sold out, and for good reasons: It’s a great financial investment. With extremely competitive prices, starting at only…

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