Montreal Real Estate

It's Official Canada's New Hot Housing Market Is Montreal Canada's New Hot Housing Market Is Montreal! With the cooling of Toronto's housing market since the imposed 15% tax on foreign buyers, and the days of never ending price increases in Vancouver now well behind us, Montreal has picked up the slack.  Montreal posted a 15% increase in sales in May 2017 over this same month last year.  Prices, while expected to rise only by 1%, in fact rose by 6%. There is quite a lot of interest from foreign buyers who have fallen in love with our beautiful city and like...

What's Happening In Montreal Real Estate July 2017 What's Happening In Montreal Real Estate July 2017? Well according to the latest quarterly report of The Barometer, published by the QFREB; The Montreal residential real estate market is up 8% in sales over last year The condo market registered a whopping 17% increase in sales Single family homes registered an increase of 4% The Island of Montreal posted a 12% increase in sales and Ville Marie 36% Sales of properties $500,000 and more were up 31% and properties $700,000 and more, increased by 40% The number of active listings across the CMA...

Renewables will be the cheapest form of new power generation by 2020 Story Via Business Insider Renewables will be the cheapest form of new power generation by 2020 according to Morgan Stanley. Energy sources like wind and solar will be cheaper than their coal counterparts. In fact they predict that in less than three years, renewables will be the cheapest source of power generation in the world. The bank noted that "The price of solar panels has fallen 50% in less than two years (2016-17).” "We expect the US to exceed the Paris commitment of a 26-28% reduction in US 2005-level carbon...

Foreign Home Buyers Are Looking To Montreal According to the greater Montreal Real estate Board there were 5,057 residential sales in May, a 15 per cent increase from last year. The median cost of a single family home increased to 6 per cent from last year to $319,000. “As I understand it, non-resident buyers have been a growing factor in Montreal for some time,” said Doug Porter, chief economist with the Bank of Montreal. “It hasn’t been obvious since the inflows are not as significant as in Vancouver or Toronto, and the underlying market simply isn’t nearly as tight as in those...

No Foreign Tax In Montreal No Plans For A Foreign Tax In Montreal means that Montrealers can relax safe in the knowledge that there are no plans to implement a tax on foreign buyers that wish to buy Montreal real estate. Vancouver implemented their tax about a year ago, Ontario, in April 2017. Many feared that Montreal would follow suit, but the truth is our real estate market never became overheated like Vancouver or Toronto's. According to the article written by CTV News: "The average prices of all homes in the Montreal area was $364,373 in April, roughly a third of what they...

Montreal Market Update 2017 The Montreal Market Update 2017 -  It's hard to believe but the year is halfway over! Some of the stats are in and Montreal's real estate market has been performing extremely well. I thought I would share the QFREB's latest market report called          "The Economist". According to "The Economist", "The resale market in Québec had a much better start to the year than we had anticipated. In the first four months of 2017, the increase in residential sales stood at 3 per cent." Access the Montreal Market report below: [gview file="http://realestatemontreal.net/wp-content/uploads/2017/06/a-word-from-the-economist.pdf"] Centris Sales Stats 2017 vs 2016     http://business.financialpost.com/news/property-post/we-arent-as-crazy-as-vancouver-and-toronto-montreal-property-market-basks-in-goldilocks-status          ...

Ontario Slaps 15% Tax On Foreign Buyers Ontario slaps a 15% tax on foreign buyers not long after Vancouver decided to impose the same tax measures to cool thier housing markets. On thursday the Ontario government announced 16 new measures to cool the housing market. The measures included a 15% tax on foreign buyers as well as rent controls. According to the Toronto Real Estate Board, prices were up 33% across the region from a year ago. The concern is that with prices escalating, young people can't even imagine ever owning their own home. All this being said, with Vancouver and now Ontario...

DESJARDINS MARKET FORCAST FOR QUEBEC Read the report below: On March 23, Desjardins published its forecasts for Québec’s resale housing market. According to their forecasts, the number of existing home sales is expected to grow by 2.3 per cent in 2017 to reach 80,000. Despite the latest mortgage tightening measures, Desjardins considers that the low unemployment rate and the increase in after-tax income will be able to counter the negative effects of these measures. Québec’s unemployment rate is at its lowest level in approximately 40 years and, in 2016, after-tax income saw its biggest increase since the 2008 recession. As for the average price...

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