The Economy

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...

Is Affordable Home Ownership A Thing of The Past? Montreal's median prices for single family homes are $300,000 lower than they are in Toronto and $500,000 lower than they are in Vancouver.  The lackluster condo market of 2015 was replaced by steady growth in sales in 2016. "Montreal registered the lowest unemployment rate in 30 years in December 2016 with immigration rates skyrocketing. According to the Royal Bank of Canada, Vancouver and Toronto were ranked the first and second most unaffordable cities in Canada with Montreal ranked third. Now that both the Ontario and Vancouver real estate markets have imposed a 15%...

Canadian Homeownership For today's blogpost, I'd like to share with you the press review from the Greater Montreal Real Estate Board. The review consists of a few interesting articles about Canadian homeownership and real estate.   12/12/2016 The doomsday scenario: Why you’re more tied to real estate than you think and what you can do about it Canadian real estate prices only have three main directions they can go: Up, flat or down. Now that we have gotten that out of the way, this article is about what happens if they go down. It is not a prediction, but just trying to paint a picture...

Forget flipping houses — these retail investors flip mortgages. Have we not learned anything? Article Via Marketwatch Forget flipping houses - these investors flip mortgages By It's 9:30 a.m. on a recent sunny Friday, and 60 people have crammed into an airport hotel conference room in Northern Virginia to hear Kevin Shortle, a veteran real estate professional with a million-watt smile, talk about "architecting a deal." Some have worked in real estate before, flipping houses or managing rentals.    ...

I generally don't get too involved in political rhetoric but, and that's a big BUT, I can't help myself here. I love John Oliver who is absolutely brilliant and I think it's so important for as many people to see this video as possible. Article via Mother Jones, photo by Gage Skidmore   https://www.motherjones.com/mixed-media/2016/02/john-oliver-donald-trump...

I don't know if you had a chance yet to see the movie "The Big Short" based on the book by Michael Lewis. I highly recommend it, the movie was very well done and it's enlightening in an awful kind of way.  One of the characters portrayed in film who foresaw what most people did not, has this to say about the future; Article by Jessica Pressler for New York Magazine https://nymag.com/daily/intelligencer/2015/12/big-short-genius-says-another-crisis-is-coming.html#...

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