One Good Earth Blog

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...

Hidden Defects Let me say first that normal wear and tear is not considered a latent defect.  Regardless though, if you receive a complaint from the buyer about discovered issues after the purchase you must reply in kind and acknowledge receipt of their complaint.  Ask the Buyer to provide a written letter with the facts.  You need to know about the evidence being used against you.  This is a requirement as per the Civil Code of Quebec, Section 1739. It may also be in your interest to ask the buyer permission to visit the property with your expert to further assess the...

These Low-Cost Improvements Will Help Sell Your Home Fast   Anyone who is selling a house wants to sell it as quick, and for as much, as they can. However, not everyone has an unlimited budget. Fortunately, there are quite a few things you can do to raise your home’s appeal without going bankrupt. If you can make room in your budget for minor projects and you’re willing to put in the time and energy, these low-cost improvements are sure to help your home sell fast.   Calculating What You Can Make   The first step of selling your home quickly is calculating how much you...

How Hot Will It Get? Truth be told, I had never heard of climate change before seeing Al Gores' "An Inconvenient Truth". At the time the movie came out, I had a young family.  I was busy working, raising my kids, and more focused on things within my own personal sphere. I wasn't paying attention to what was going on with the planet. "An Inconvenient Truth" brought the issue to my awareness and I've been paying attention ever since.  The film came out in 2006...

Who Are Montreal's Homebuyers: A CMHC Report The Canada Mortgage and Housing Corporation (CMHC) did a comprehensive study to find out "Who Are Montreal's Homebuyers." QUOTE "There is very little data on the profile of households who buy homes in the Montréal area, and this study allows us therefore to help industry players keep abreast of the dynamics at play in the various sectors of Montréal. The suburban sectors generally attracted more young families and young couples without children looking for single-family homes. These suburban sectors also attracted buyers from other sectors of the CMA, including a number from the city of Montréal — Francis Cortellino, Economist, Canada...

Montreal Real Estate Market Update May 2018 The Montreal real estate market update for May 2018 shows we continued to set a new sales record.  The biggest news is the continuation of a tight supply of inventory which has directly impacted sales. "The number of properties for sale continued its downward trend. In May, there were 24,501 active residential listings in the Centris system, which represents a 16 per cent drop compared to one year earlier. "The number of condominiums for sale in the Greater Montréal area fell by about 22 per cent in May. A drop like this has not been seen in nearly 15...

About That Condo You Are Moving Into Inspecting condos is part of what I do.  As such, I find that many who decide to purchase a condo do so without full knowledge as to how a condominium operates and how you are affected by its governance.  So, here is some information I would like to share with you so that you enter your new digs with eyes wide open. A condominium or condo is a type of real estate ownership which consists of both commonly owned and privately owned areas.  The Co-Owners Association is the collective body formed by the constituent owners...

Bidding Wars In Montreal Fact or Fiction Bidding Wars In Montreal Fact or Fiction According to the QFREB, Montreal CMA is currently the only province that's in firm seller's market territory. Sales transactions are up while inventories are down, giving sellers somewhat of an upperhand in negotiations. The chart of where sales are happening over asking by region. Chart Source via: QFREB How much or what percentage did buyers pay over asking: Sales price percentage over asking by region, chart source via: QFREB "For single-family homes, several municipalities in the West Island stood out , such as Pointe-Claire (31 per cent), Kirkland (26 per cent), Beaconsfield...

Mold Loves Humidity In general, mold loves humidity! Humidity levels in your home should be between 40 to 60%.  More specifically, between 20 and 40% during the winter months and less than 60% during the rest of the year. This percentage reflects the amount of moisture in the air. However, checking your humidistat level is not enough in maintaining a healthy indoor environment. Humidifiers contain water and as such, are a potential place for microbial growth.   Many homes have a humidifier attached to their furnace which releases humidity during the heating season.  There is a waterline that feeds the humidifier when...

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