One Good Earth Blog

The Latest Montreal Real Estate Sales February 2018 The latest Montreal real estate sales February 2018 shows a 5 per cent increase compared to February of last year and the best month of February since 2012. Five of the six main areas of the Montréal CMA registered an increase in sales.  The Island of Montréal posted significant increases of +5 per cent. Condominiums sales increased by 14 per cent in February, single family home sales +1% and plexes +3%. The median single-family home prices across the Montréal CMA was $310,000 in February, up 6 per cent compared to February 2017. The price of condominiums grew by 5%...

Montreal Investment Property Comparison Montreal investment property comparison, determining which is the best type of property for you. Buying investment property is very personalized as each investor has their unique needs, budget and comfort level with renovations and maintenance. We'll have a look at the four different types of investment property, revenue properties (duplexes triplex etc), condos, townhouses and single family homes. Multifamily is a specialized asset class that will be covered in it's own blog post. Let's look at the Pros & Cons of each type of property: Single Family Homes Pros Highest potential for appreciation, Private form of ownership with freedom to do what...

Montreal Compared To Toronto & Vancouver Markets Montreal compared to Toronto & Vancouver markets, is a quick snapshot of the the three cities in terms of their overall real estate performance. All three cities, Montreal, Toronto and Vancouver are strikingly different. Montréal is very European in feeling, with old architecture and rich history. The province's predominant language is French with a small Anglo minority.  Montreal is world renown for it's awesome food culture! Montréal's real estate market, due to political instability, endured periods of stagnation, keeping price points much lower than the Toronto & Vancouver markets. Over the past few years,...

Montreal Housing Prices Montreal housing prices show that certain areas in Montreal really stood out for their strong sales increases or price growth in 2017.  Here are some interesting stats via the QFREB / Centris Chart 1 The ten neighborhoods with the lowest amount of inventory (measured in months) for single family homes in 2017   Market conditions – single-family homes Rank Cities, municipalities or boroughs Number of months of inventory 1 City of Pointe-Claire (Montréal) 2.6 2 City of Kirkland (Montréal) 2.8 3 City of Beaconsfield (Montréal) 2.9 4 Neighbourhood of Côte-des-Neiges–Notre-Dame-de-Grâce (Montréal) 3.0 5 City of Montréal-Ouest (Montréal) 3.2 6 City of Dollard-des-Ormeaux (Montréal) 3.2 7 Area of Greenfield Park (Montérégie) 3.3 8 Neighbourhood of Île-des-Sœurs (Montréal) 3.5 9 City of Dorval (Montréal) 3.6 10 Rosemont–La Petite-Patrie (Montréal) 3.8  Chart 2 The ten neighborhoods with the lowest amount...

Feature photo by ©Bonnie Meisels   Montreal Real Estate In 2018 What You Need To Know   Montreal real estate in 2018 what you need to know, takes an indepth look at the current Montreal real estate market. We'll address common questions such as "is it better to invest in a home or a condo? which type of investment has the highest potential for appreciation? or which Montreal neighborhoods are performing best in 2018.   Current Market Performance   First we'll have a look at the current market stats. In 2017, Montreal was one of the hottest real estate markets in Canada. Total sales in Greater Montreal increased...

Housing Affordability In Canada Is Actually Improving Housing affordability in Canada is actually improving. for the first time in three years.  For the first time since 2015 "the National Bank of Canada's home affordability measure fell 0.2 points in the fourth quarter of 2017, meaning that an average mortgage on a representative home was slightly cheaper than it was a quarter earlier." This was due to two main factors, lower home prices and slower sales in Toronto over the last six months and a booming job market. https://infogram.com/how-much-of-your-income-you-need-to-spend-to-afford-an-average-mortgage-1h7z2lxlzg5l2ow Rising housing prices have also led to rising interest rates with mortgage rates havem risen about...

Feature photo: CDPQ Infra What The New REM Transport Network Means For Montreal Real Estate What the new REM transport network means For Montreal real estate is those neighborhoods close to the rail stops will see a nice increase in value.  The Montreal real estate market has been enjoying steady increases in both prices and the numbers of transactions. This trend is expected to continue with the QFREB predicting a 5% increase in sales in Montreal  for 2018. With the new REM transit system in the pipeline, things are going to get more interesting. CDPQ Infra,  a subsidiary of the Caisse de dépôt et...

The Latest Montreal Real Estate Market Stats 2018 The latest Montreal real estate market stats 2018 reveal an accelerated and tight market. Inventories are lower and prices are higher. But, at the end of the day, the value is incredible. In what other large metropolitan Canadian city can you buy a nice condo, in a super location for between 350k - 450k? Sales have been increasing month over month and don't show signs of abating in 2018. It's a great time to invest in our market despite the rise in prices as they're still a bargain compared to Toronto or Vancouver. According to...

350 Rue de L'inspecteur #204 - Griffintown Condo 350 Rue de L'inspecteur #204 - Griffintown condo for rent! No need to worry about security in this location as it's right across the street from the police station. This awesome lacation is around the corner from Peel St, the Adonis market, many restaurants, bakeries and boutiques.  To learn more about the neighborhood, read my post, Griffintown Montreal, a neighborhood on the rise. This is a two bedroom one bath Griffintown condo, furnished with taste and style. This historic building was originally built in 1895 and housed a chocolate factory! The condo features high...

Montreal Real Estate Conference By CREC Montreal real estate conference by CREC (Concordia's Real Estate Club) was held today at John Molson School of Business. Today's Montreal real estate conference was the 3rd year and I was happy I was able to attend. How great to see all these young business students dressed in suits and eager to learn about the vast world of real estate. The conference did not disappoint.  Although the workshops had an overall informal vibe, they were very informative. The conference was well organized and had lots to offer with it's diverse topics. Whether your interest was in...

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