One Good Earth Blog

Montreal Real Estate Numbers September 2018 So what are the most recent Montreal Real Estate Numbers September 2018? Residential sales rose eight per cent in September compared to the same month last year. Across the Montreal CMA, the category of condominium sales increased 23%, the most amongst other real estate categories. The number of single family home sales remained unchanged since this time last year. The median price point across all categories steadily increased since last year.  Inventory numbers continued to remain low with an overall percentage drop of 17% compared to a year ago.  The 3,220 home sales represent a nine-year high...

Elimination of Transfer Taxes For First Time Home Buyers Elimination of transfer taxes for first time home buyers was put on the table during the election campaign by the Parti Quebec.  According to the QFREB, (Quebec Federation of Real Estate Boards), the homeownership rate in Quebec (61 per cent) remains considerably lower than the Canadian average (68 per cent), says the association. The Government of Quebec, in 2018, took a first step in this direction by granting a $750 non-refundable tax credit for the purchase of a first home. “There is no question that real estate transfer taxes (known as the welcome tax) are an impediment to...

WorldGBC Project To Advance To Net Zero WorldGBC Project To Advance To Net Zero is a project by the World Green Building Council which aims to promote and support the acceleration of net zero carbon buildings to 100% by 2050. Since buildings account for over half of all emissions, they are a logical target for energy remediation. "The Net Zero Carbon Buildings Commitment (the Commitment) challenges companies, cities, states and regions to reach Net Zero operating emissions in their portfolios by 2030, and to advocate for all buildings to be Net Zero in operation by 2050. By setting ambitious ‘absolute’ targets, the Commitment aims...

Crea's Market Forcast For The Balance Of 2018 And 2019 Crea's market forcast for the balance of 2018 and 2019 expect that "Economic and demographic fundamentals remain supportive for housing demand in many parts of the country; however, policy headwinds have impacted home buyer sentiment and access to mortgage financing in many housing markets. Further expected interest rate increases, combined with this year’s new federal mortgage stress test are expected to continue to keep home sales activity in check over the rest of the year and into 2019,” says CREA in a statement, adding the latest mortgage stress test has had...

Montreal Real Estate Stories September 2018 How was the Montreal real estate market in August 2018? The short answer is the market held it's own. Despite lower inventories, sales of condominiums increased by 12% compared to this time last year while sales of single family homes rose 5%. The largest increase in sales was in the plexes categories. Read the Centris Report below to view all the numbers. As for the full picture across some of the major markets across Canada, the National Bank Housing Index gives us a snapshot of Toronto, Vancouver, Ottawa and other cities in Canada. Ten of the...

From Handbags To High End Luxury Real Estate Years ago, after graduating Parsons School of Design, while living and working in New York City, I worked as a handbag designer for Bruce Makowsky designing handbags. It's been many years since I left New York, settling back in my home town of Montreal, to get married and have a family. I never imagined after all those years of school in the U.S. that I would eventually meet my husband from Montreal in New York city. But then again, life always has it's own plans. It turns out my former boss, had an extremely...

Montreal Real Estate Stories The Week Of August 5th Montreal Real Estate Stories The Week Of August 5th - Some of this week's headlines: The Urban Design Conundrum About Transit Oriented Development Montreal's Plan métropolitain d’aménagement et de développement represents the long term plan for housing projects to be built around TOD (transit oriented development).  The plan represents homes to be built between 2011 and 2031 strategically located near metro stations. Although this sounds like an ideal arrangement, Vancouver's former city planner Brent Toderian has this to say: "the issue is that designing well-planned, livable places is about so much more than just building homes...

Montreal Real Estate Market Stories July 2018 Montreal real estate market stories July 2018 - latest market news: According to the Canadian Real Estate Association (CREA), 60% of all Canadian markets saw increased activity in June. Canadian home sales increased by 4.1% between May and June. Actual (not seasonally adjusted) activity was 10.7% lower than in June 2017. June’s MLS® Home Price Index (HPI) increased by 0.9% year-over-year National home sales increased by 4.1% in June 2018 compared to May. While this is a substantial monthly increase, sales remain low when compared to June of last year. Slow activity in the Canadian market...

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