One Good Earth Blog

Montreal Housing Prices

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 of inventory (measured in months) for condominiums in 2017

 

Market conditions – condominiums
Cities, municipalities or boroughs Number of months of inventory
Borough of Outremont (Montréal) 5.4
City of Dollard-des-Ormeaux (Montréal) 5.5
Borough of Rosemont–La Petite-Patrie (Montréal) 5.8
City of Boucherville (Montréal) 6.2
Neighbourhood of Verdun (Montréal) 6.2
Borough of Plateau-Mont-Royal (Montréal) 6.4
Borough of South West (Montréal) 6.7
Borough of Anjou (Montréal) 7.4
City of Vaudreuil-Dorion (Montérégie) 7.6
Neighbourhood of Île-des-Sœurs (Montréal) 7.7

 Chart 3

The ten neighborhoods with the lowest amount of inventory (measured in months) for plexes in 2017

 

Market conditions – plexes
Rank Cities, municipalities or boroughs Number of months of inventory
1 Neighbourhood of Verdun (Montréal) 3.3
2 Borough of Rosemont–La Petite-Patrie (Montréal) 4.5
3 Borough of Saint-Léonard (Montréal) 4.5
4 Borough of Anjou (Montréal) 4.6
5 Borough of South West (Montréal) 4.9
6 City of Val-d’Or (Abitibi-Témiscamingue) 5.0
7 Borough of Côte-des-Neiges–Notre-Dame-de-Grâce (Montréal) 5.2
8 Borough of Mercier–Hochelaga-Maisonneuve (Montréal) 5.6
9 City of Rouyn-Noranda (Abitibi-Témiscamingue) 5.7
10 Area of Laval-des-Rapides (Laval) 5.7

Source: QFREB by the Centris® system. Minimum of 50 transactions.

 

Price Increases

 

Generally, like most rules of supply and demand, lower monthly inventories translate into higher prices and areas with a seller’s market. The areas with the largest median price growth were:

Chart 1

Increase in median price – single-family homes
Rank Municipality, city or borough Median price for 2017 Variation
1 City of Lac-Brome (Estrie) $354,000 27%
2 City of Dorval (Montréal) $390,000 20%
3 City of Beaconsfield (Montréal) $606,500 18%
4 City of Kirkland (Montréal) $556,000 16%
5 Borough of CDN–NDG (Montréal) $730,000 15%
6 City of Mont-Tremblant (Laurentides) $259,500 15%
7 Parish of Saint-Hippolyte (Laurentides) $212,250 15%
8 Municipality of Morin-Heights (Laurentides) $280,000 14%
9 City of Sainte-Thérèse (Laurentides) $294,850 14%
10 City of Lorraine (Laurentides) $369,900 13%

 Chart 2

Increase in median price – condominiums
Rank Municipality, city or borough Median price for 2017 Variation
1 Town of Mount-Royal (Montréal) $402,500 22%
2 City of Saint-Lambert (Montérégie) $260,100 12%
3 Borough of Beauport (Capitale-Nationale) $180,000 11%
4 City of Sainte-Thérèse (Laurentides) $195,250 10%
5 City of Chambly (Montérégie) $194,750 9%
6 City of Candiac (Montérégie) $211,000 9%
7 City of Bromont (Montérégie) $232,825 8%
8 City of Dollard-des-Ormeaux (Montréal) $242,500 8%
9 City of La Prairie (Montérégie) $172,250 8%
10 City of Mont-Tremblant (Laurentides) $228,500 8%

 Chart 3

Increase in median price – plexes
Rank Municipality, city or borough Median price for 2017 Variation
1 City of Saint-Jérôme (Laurentides) $306,137 20%
2 City of Saint-Hyacinthe (Montérégie) $269,000 17%
3 Borough of Plateau-Mont-Royal (Montréal) $775,000 16%
4 City of Sorel-Tracy (Montérégie) $150,000 16%
5 Borough of Lachine (Montréal) $385,500 12%
6 City of Salaberry-de-Valleyfield (Montérégie) $195,000 11%
7 City of Trois-Rivières (Mauricie) $155,000 11%
8 Area of Hull (Outaouais) $292,500 10%
9 Area of Chicoutimi (Saguenay) $193,000 10%
10 City of Drummondville (Centre-du-Québec) $187,500 10%

 

 Most Expensive Areas For Single Family Homes

 

Most expensive areas – single-family homes
Rank Municipality, city or borough Median price 2017
1 City of Westmount (Montréal) $1,550,000
2 Borough of Outremont (Montréal) $1,377,500
3 City of Hampstead (Montréal) $1,149,000
4 Town of Mount-Royal (Montréal) $1,129,000
5 Neighbourhood of Île-des-Sœurs (Montréal) $852,500
6 Borough of Plateau-Mont-Royal (Montréal) $794,000
7 Borough of Ville-Marie (Montréal) $787,500
8 Borough of Côte-des-Neiges–Notre-Dame-de-Grâce (Montréal) $730,000
9 City of Montréal-Ouest (Montréal) $700,000
10 City of Beaconsfield (Montréal) $606,500

Source: QFREB by the Centris® system. Minimum of 50 transactions.

 

Most Expensive Areas For Condominiums

 

Most expensive areas – condominiums
Rank Municipality, city or borough Median price 2017
1 City of Westmount (Montréal) $587,084
2 Borough of Outremont (Montréal) $490,000
3 Town of Mount-Royal (Montréal) $402,500
4 Neighbourhood of Île-des-Sœurs (Montréal) $370,000
5 Borough of Ville-Marie (Montréal) $352,000
6 Borough of Plateau-Mont-Royal (Montréal) $340,500
7 City of Côte-Saint-Luc (Montréal) $340,000
8 City of Pointe-Claire (Montréal) $338,877
9 Borough of Côte-des-Neiges–Notre-Dame-de-Grâce (Montréal) $335,000
10 Borough of Rosemont–La Petite-Patrie (Montréal) $309,000

Source: QFREB by the Centris® system. Minimum of 50 transactions.

 

Montreal Areas That Set A New Residential Sales Record:

 

 

 

 

 

 

Montréal

City of Montréal-Ouest 65
Borough of Saint-Laurent 962
Borough of Ville-Marie 1,713
Neighbourhood of Île-des-Soeurs 435
City of Hampstead 85
City of Dorval 230
Borough of Mercier–Hochelaga-Maisonneuve 1,229
Borough of Lachine 453
Borough of Rosemont–La Petite-Patrie 1,147
Borough of Côte-des-Neiges–Notre-Dame-de-Grâce 980
Borough of Saint-Léonard 285
Borough of South West 1,110

 

Source: QFREB by the Centris® system. Minimum of 100 transactions for single-family homes and minimum of 50 transactions for condominiums and plexes.

***Some areas may have had an exceptional year in 2017 but are not included in these lists because of an insufficient number of sales.

 

Montreal Real Estate In 2018 What You Need To Know

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 it’s total sales volume by 8% fueled by strong sales in condominiums. The Island of Montreal saw a sales increase of 15%. Sales growth exceeded 20 per cent in five of the city’s most popular boroughs. . This at a time, when sales were declining in Canada’s most active real estate markets, Greater Toronto region (-18%) and Greater Vancouver (-10%). The last time growth in Montreal sales outpaced Toronto and Vancouver was in 1998.

“The Montréal CMA posted the strongest growth, both in terms of sales (+8 per cent) as well as prices (+7 per cent).”

Luxury homes showed strong demand as sales of homes over $1 million rose 20 per cent in Greater Montreal and condos priced above $500,000 were up 42 per cent.

The average homes prices in the Greater Montreal Area increased nearly six per cent to $364,510. That was the largest increase since 2010, with single-family homes sustaining the greater price increases.

Although foreign buyers still make up a small portion of buyers, Montreal is attractive for foreign buyers because the city provides a high quality of life, affordable housing, low pollution and a university system that was named last year as the best city in the world for students.

Condo sales increased by 35 per cent while the total inventory fell nine per cent from a year ago.

Despite climbing interest rates and the introduction of new and tougher mortgagte rules which went into effect on January 1st, 2018 is projected to be another strong year for Montreal, with sales forcasts of a five per cent increase. Prices are also expected to increase almost five per cent.

Here’s how much house you’ll be able to buy with the new mortgage stress test

 

Montreal Sales Figures 2017

 

  • Total Sales:
    • 17,311 residential units sold
    • + 10% increase in sales volume.
  • Single Family Homes
    • 5,728 sold
    • 4% increase in sales volume
    • Median price: $440,000 (+7% appreciation)
  • Condominiums:
    • 8,517 sold
    • 16% increase in sales volume
    • Median price: $292,000 (+3% appreciation)
  • Plexes: (2-5 units):
    • 3066 sold
    • 7% increase in sales volume
    • Median price: $505,000 (+5% appreciation)

 

 

Get a more general picture of Montreal and some of the other cities

Toronto index stopped trending down in January

In January the Teranet-National Bank National Composite House Price Index TM rose 0.3% from the previous month, a tic higher than the historical average for January and a second consecutive monthly increase. However, only four of the 11 metropolitan markets surveyed showed gains – the first time since January 2016 that a rise in the Composite Index has had so little breadth.

 

Montreal Neighborhoods Not All Equal

 

When we talk about the Montreal market, it’s pretty generalized as the city consists of many diverse neighborhoods. Each of these neighbohoods has it’s own micro market performance and real estate trends. The different quartiers are often defined by their unique architectural features, size and land.  For example the NDG (Notre Dame De Grace) neighborhood and Le Plateau Mont Royal are distinctly different sectors and marketplaces. Although both neighborhoods are very popular, they attract different demographics and are not comparable.  NDG is more suburban and family oriented,  while Le Plateau, more urban with a larger commercial and diverse demographical footprint.  Your lifestyle, living needs and budget will ultimately determine where you purchase. If, for example, an indoor garage space is a top priority for you,  unless you have a high budget, Le Plateau may not offer you much choice as indoor garage spaces are not a common feature in this neighborhood. Other important features such as proximity to transport, work, and/or unique features like food markets and specialty stores effect the value of the property. The up and coming new REM light rail transport system starting construction this year in Montreal, is expected to substantially impact the value of certain areas. “According to a study done by the QFREB in 2016, being 1,500 meters or less away from a subway station increases the sale price of a of a condo by 19.1 per cent and a single-family home by an astounding 38.9 per cent.”

To get a feel for some of the different neighborhoods in Greater Montreal, their demographic make up and school options, visit my neighborhood profiles.

Moneysense did a recent article ranking the different neighborhoods based on it’s realtor grade, sales momentum, value, and average price.

Where to buy Montreal real estate 2017: Full neighbourhood rankings

We ranked every neighbourhood in the city to find the most valuable spots to buy Montreal real estate. View the full ranking to see how yours did.

I love this article from the blog “How I Travel” on “The 15 Coolest Neighborhoods in the World in 2018”.  It’s worth the read to discover some of the coolest places in the world to visit and/or live. When you look at what made the list, it’s pretty awesome that both Mile Ex and Mile End in Le Plateau tie for first place!

The 15 Coolest Neighborhoods in the World in 2016 | How I Travel

Choosing the 15 coolest neighborhoods in the world is not an easy task. Why? For one, finding the trendiest districts in town is a never-ending mission. Yesterday’s happening ‘hoods are soon gentrified and transformed by upmarket influences, a process which tends to push out the young crowds and creative types that were originally drawn in by the cheap rents and alternative vibes.

After working with many clients, I find it somewhat of an art to be able to match up my clients with the right area for them. Aside from obvious things like budget, age, ethnicity, architectural taste (old vs new), proximity to the downtown core, need for parking, etc all have something to say in creating a great match.

 

Should I Buy A Condo Or House?

 

Now that the new mortgage rules are in full force, you may have to settle for a less expensive home than you would be able to buy today. Or, you might have to wait and save up for a larger down payment. The rules might force Canadians to set their eyes on homes that are up to 20 per cent cheaper.  If your budget is under $350,000, you will most likely be restricted to purchasing a condo. The benefits of a condo are more affordability, lower maintenance, easily rentable, predictable cost budgeting, shared ownership expenses, extra amenities like a pool or gym. Condos are also a great consideration for those looking to purchase a pied a terre, or investment.

The downside of condos can be high condo fees which can sometimes outweigh the value of the condo. This is especially common in older buildings in the downtown core or in buildings with lots of amenities that need constant maintenance. When buying a condo, the building and it’s management are of critical importance. A poorly managed building is like investing in a failing business. It’s essential to review the meeting minutes and financials to know of what’s going in the building. Purchasing in a building with an unhealthy contingency fund is risky.

If you’re someone who travels frequently and is planning to rent their condo for periods less than one year, make sure the building rules allow this.

Houses on the other hand, while more expensive, offer substantially more space, privacy, green space, and parking. For families with a couple of kids, or a growing family, a house makes more sense than a condo. My advice would be to get the most house you can afford in the BEST neighborhood possible vs the nicest house at the expense of the quality of the neighborhood.  While there’s much talk about luring families to the downtown core or more urban centers of Montreal to reduce urban sprawl, these areas don’t have much to offer families. Most condos are too small for a family with two kids. Once you go from a two bedroom to a three bedroom condo or more, the price takes a huge jump.

 

Which type of investment offers the greatest potential for appreciation?

 

The three rules of real estate still hold true today as they ever did:

Rule #1 = Location

Rule #2 = Location

Rule #3 = Location

Much depends on where the asset is located. A single family home in Westmount will have a different value and sellability than a home in L’Île-Perrot. In general, the farther you go out from the city core, the more bang for your dollar. Although, in general,  houses offer a greater upside in appreciation than condos, houses require much more maintenance, especially in our climate. For non resident investors, insurance costs on a home will be quite costly.

Condos are still a great investment if purchased in the right neighborhood, where you can expect premium rental prices. For investors it’s important to at minimum, break, but ideally be cash flow positive. The goal is for the investment property to in essence, pay for itself over time.

 

 

 

 

 

 

Housing Affordability In Canada Is Actually Improving

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.

How much of your income you need to spend to afford an average mortgage

No Description

Rising housing prices have also led to rising interest rates with mortgage rates havem risen about 0.58 percentage points since the middle of 2017.

Vancouver is another story altogether. The real estate market having somewhat recovered somewhat from the 2016 foreign buyers tax implementation, has the new provincial budget tabled this week aims to fix this by increasing the foreign buyers’ tax to 20 per cent from 15 per cent, and creating a speculators’ tax on properties owned by people who don’t live in British Columbia, assessed at two per cent of the home’s value.

All I know is that people shopping in our Montreal market can’t complain in terms of price and product when they compare things to Toronto or Vancouver, check out this fixer upper in Toronto for 750,000$

 

 

 

 

 

What The New REM Transport Network Means For Montreal Real Estate

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 placement du Québec, announced what is set to be the largest new public transportation network built in Montreal in the last 50 years: the Reseau express metropolitain, or REM.  The transport system will consist of 26 stations across a 40-mile electrified network. It is set to be the fourth largest automated light rail project in the world, with construction slated to begin this April and complete in 2021.

According to a study done by the QFREB in 2016, being 1,500 meters or less away from a subway station increases the sale price of a of a condo by 19.1 per cent and a single-family home by an astounding 38.9 per cent. This is how a transit system can translates into value in real estate!

Also of note for real estate investors, Montreal apparently has the fastest rising rent in Canada, as the average rent for a one-bedroom jumped 15.9 per cent year-over-year to $1,310 in January. Overall, Montreal ranks 4th in Canadian rent prices on the rise… you can read more about this here.

January was a tough month for every province’s housing market except…drumroll please…Quebec, which hit a 10-year home sales high for the month of January, as sales jumped 9.8 per cent year-over-year and prices climbed 5 per cent last month. Read the full article here

January was a rough month for every province’s housing market, except this one

Photo: Hubert Figuiere/Flickr The Canadian real estate market got off to a rocky start in 2018, with national home sales plunging 14.5 per cent month-over-month in January. But one province has managed to buck the trend, reporting a boost in sales in the first month of the year.

To learn more about the new REM transport system visit the CDPQ Infra web site

The Latest Montreal Real Estate Market Stats 2018

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 the QFREB, our market is on fire! Check out this CBC article;

Montreal’s real estate market sizzled in 2017 with sales hitting 10-year high | CBC News

Montreal was one of Canada’s hottest real estate markets last year as low unemployment and economic growth translated into the area’s best sales growth in a decade. Total sales in the Greater Montreal Area increased eight per cent to 44,448 on the strength of condominium sales and good overall activity on the island of Montreal.

To see the latest Centris sales reports visit my market reports page: http://realestatemontreal.net/montreal-real-estate-market-reports/

Download some of the latest Centris and Qfreb real estate market reports and stats for 2018

 

350 Rue de L’inspecteur #204 – Griffintown Condo

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 ceilings with wood beams, wide slat beautiful wood floors and large architectural windows.

Too late!

 

 

 

Montreal Real Estate Conference By CREC

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 commercial and industrial development, luxury real estate, or the world of appraisal and finance, there was something to learn.

For myself, the big take away was the message most speakers had about the importance of passion, loving what it is that you do, perseverance, the desire to excel, and the commitment to keep your nose to the grindstone.

The three sessions I attended today were “The Art of Advisory” featuring James Gang and George Semine, “Multi-Res: Rags to Riches” featuring Brad Cutsey, president of Interrent Reit. And lastly, “Young Guns in Real Estate” with Ian Quint and Jeffrey Soliman.

See todays full schedule here

Listen to an excerp from todays workshop  “The Art of Advisory” featuring James Gang and George Semine

 

AI & Real Estate What To Expect

AI & Real Estate What To Expect

AI & real estate – what to expect? Will it replace the role of the real estate broker/agent? As far as disruption goes, the real estate industry here in Quebec, has managed to remain unscathed. In contrast, other Provinces and Countries have an open MLS system and have witnessed many innovations, such as Redfin, Zillow, Trulia, Opendoor and a long list of other incumbents.

As far as Artificial Intelligence goes, there’s no doubt it’s here to stay, and in a big way.

“Intelligent software has massive potential for creating technology that changes labor markets. Real estate labor is a natural target, and a couple of recent pieces got the ball rolling this past week. Russ Cofano penned a broker outlook that viewed “cognitive computing” not as a threat to labor, but an asset to the baseline of real estate’s agent intelligence:

“So here’s the question. What if cognitive computing enables agents to be better professionals and make better recommendations to their clients? What if access to cognitive computing power, and the data necessary to power it, becomes the 21st century equivalent of the MLS utility?”

Further, Cofano states, “Cognitive computing has the potential to add massive value to the real estate brokerage value proposition and do for agent professionalism what no other initiative could touch.”

AI can help with helping buyers find suitable home choices, and automating repetitive tasks, It can play an important role in helping to safeguard the real estate industry as illustrated in this infographic by Forrent.com

How to Secure Your Apartment Wi-Fi
How to Secure Your Apartment Wi-Fi Created By: ForRent.com

“Big data is playing a transformative role in the real estate industry. With troves of customer and industry data at the disposal of real estate companies, companies can use AI algorithms to make sense of the data and improve one or more facets of the business. Areas that can be improved include targeted marketing, financial and accounting, and appraisals, which are increasingly becoming difficult to conduct due to the high number of evolving factors that keep on affecting the price of properties.

Zillow, one of the biggest names in the real estate industry, is among a few companies that offer tons of data that customers can use to make buying or renting decisions. Zillow, a popular listing platform, is slowly helping to revolutionize the industry in terms of AI-powered data analytics, even though a lot more work is needed before it can become the perfect AI-powered platform.”

in 2016, 51% of homebuyers began house-hunting online, even though most of them eventually used an agent to complete the purchase. Now, with AI, searches are more sophisticated with multiple layers of information available for specific properties. Users are now able to get details about ROI, good neighborhoods, and other seemingly minute details about properties before buying.

Perhaps the most significant illustration of the true capabilities of AI in intelligent search platforms was the Broker Vs Bot challenge conducted by Inman. With the bot winning the challenge against three real estate agents, the challenge shed the spotlight on the true potential of AI in real estate.

Artificially intelligent bots are leading the AI revolution. Bots are being used to answer queries relating to terms of leasing, footage, and other common questions during virtual tours

Some real estate companies are already using AI to help lead change in this area, though their efforts are targeted more towards augmenting the work of a real estate agent rather than replacing it.

While the internet has disrupted physical book stores and travel agents or in other words, how we buy books or book travel, in contrast, the real estate industry has only benefited from the advent of the internet. Houses are not commodities, and buying property is not like buying a seat on a plane or a t-shirt. Beyond the basic information and sometimes beautiful photos displayed on an online listing, there is nothing that replaces an in person visit. It’s the fine details and experience of the space…what’s the street and neighborhood like. Who are the neighbors? Is it noisy? Are there visual clues that something is amiss? Properties should always be inspected before purchase….and it’s of the utmost importance having the buyer present at the time of an inspection, especially if buying a house.  At the end of the day, Real estate is neither consumable nor disposable and buying or selling property remains a complex process. There are so many steps needed for a successful outcome; from the documentation, to the staging, photography, uploading of accurate information into the MLS system, marketing the property and all that it entails, (social media, mailers, prospecting for buyers), showings, meeting with prospective clients, negotiations, directing those clients to the right professionals such as inspectors, mortgage brokers, designers, renovation experts…right through to the transfer of the deed of sale….at the notary. Conclusion, we still need a human with emotional IQ to show up and close the deal. The creation of a relationship might be initiated by data, but it’s going to be sealed with emotion. Real life brokers/agents are cementing unbreakable relationships with real people. Consumers want to  work with agents they view as honest, trustworthy, and reputable with a successful track record. No matter what amazing intelligence is dangled in front of them by some AI. the human element of the transaction is not being replaced any time soon!

 

 

Innovations In Sustainable Housing

Innovations In Sustainable Housing

Innovations in sustainable housing are very exciting.  New technologies are enabling a new breed of housing. Innovative approaches to construction, are creating homes that are more resistant to climate change along with many sustainable features. Modular or prefab homes are becoming a popular alternative to traditional new construction methods. Some of the benefits modular/prefab homes can offer are energy efficiency, very little to no construction waste, less use of precious resources, quick delivery times and more affordable price points. Check out the videos of this new unfolding, totally transportable home created by TENFOLD.


Ten Fold Technology

Ten Fold is an IP licensing company that develops technology for people and products that move using patented lever-based systems that transform the shape and utility of your products.

The trend in tiny modular homes that have modern features and large windows such as the one below, created by Vipp Shelter, looks stunning….however, and that’s a big however, before you decide to go this route, make sure that the product  you’re purchasing is created with thought about the natural environment it will be placed in. If for example the climate, sun orientation or existing infrastructures are not considered, then this beauty could turn out to be a lot less desirable. Here’s a great article from Treehugger on what one needs to consider….https://www.treehugger.com/tiny-houses/vipp-introduces-problematic-prefab.html

Vipp Shelter tiny prefab as precise industrial-era appliance

The Danish company VIPP (famous for its iconic 1939 wastebasket, now in the MOMA) has created a prefab tiny home designed down to the last detail (flashlight included). Their 592-square-foot “plug and play getaway” wasn’t designed to blend into nature, but to float above it; fifty thousand pounds of glass and steel serve as a frame for the surrounding landscape.

Another company that’s making a splash in modular steel home construction is Canadian company, Green Terra Homes. The company makes the case for steel construction over wood construction as follows:

“Wood frames are outdated. It takes forty trees to build a wood frame, and the lumber has to be processed and chemically treated. By comparison, steel is one of the most recyclable products in the world. You can also add solar panels and green roofs to your modular home.  Steel is a lighter, stronger, and straighter material than wood, thereby making is easier to lift and move around without the use of a crane to construct the frame. You can erect the frame yourself or hire an experienced general contractor or framer to provide this service.

Lightweight steel is 100% recyclable and the most recycled product in the world. Steel frame homes are unaffected by humidity or temperature changes which make them energy-efficient. This results in money saved on fuel costs. Lower energy consumption helps the initiative to further conserve our natural resources. It takes six recycled cars to build one steel frame home vs. 40-to-50 trees to build a timber home.   A steel frame home is the optimum choice for you and your family’s health and safety. Contrary to wood, steel does not absorb moisture so it will not rot or grow mold.
The Healthy House Institute recommends steel framing for chemically-sensitive and environmentally-conscious homeowners who are seeking the best possible indoor air quality.   Additionally, steel is non-combustible and therefore a lower fire risk. A wood home burns very fast as the wood fuels the fire. Steel does not contribute fuel to a fire. When exposed to extremely high heat, steel may deform but it will not burn. “
 
Key features include:
  • Creating value
  • Affordability
  • Design
  • Rapid construction
  • Cost savings
  • Sustainability
  • Made of Steel
  • Environmentally Friendly
  • 100% Recyclable
  • Built to Last
  • Does Not Contribute to Landfill
  • Redefining Prefabricated Homes

Green Terra homes recently partnered with Habitat for Humanity, donating a portion of sales to the non profit.

https://globenewswire.com/news-release/2016/06/15/848695/0/en/Green-Terra-Homes-to-donate-portion-of-sales-to-Habitat-for-Humanity-Canada.html

Another company re-inventing how sustainable homes are built, embracing steel over wood construction, is the Quebec company, Bone Structure. Inspired by the aerospace industry, structures are designed to fit into place without the need for screws, nails or the like. The company is focused on being a net zero energy construction. Although they are more costly than Green Terra or other such companies, their designs are quite stunning!

Project 15-580: Stanford, California

Uploaded by BONE Structure on 2016-07-06.

BONE Structure – Bigwin Island Bare BONE Event

Host Erin McCoy takes a trip to cottage country to visit the BONE Structure Bare BONE Open House event on Bigwin Island on Lake of Bays in Muskoka. Learn firsthand about the innovative new steel home assembly system from BONE Structure.

Marc A Bovet, the founder of Bone Structure gave a TEDX Talk on why houses are ripe for innovation. Our cell phones, computers, cars and most everything today is being what I call “uberized”. Marc is passionate about creating homes that will “stand the test of time”.  Learn more about Marc and listen to his TEDX talk:

Innovation – It’s Time to Take it Home | Marc A Bovet | TEDxLaval

Everything that surrounds you has evolved through innovation. Your cell phone is now a smart phone, your car is now a computer on wheels, your news comes from social media and your newspaper is a tablet. The housing industry can’t afford to ignore innovation or stay in denial mode based on the saying – we’ve always done it that way!

For other cool, innovative, sustainable, urban, architectural inspiration, check out this site and videos by Kirsten Dirksen on Faircompanies.com

Sunbathed small wooden studio in calm forest near Barcelona

Tasked with building a tiny studio in the hills outside Barcelona, architect Pablo Serrano Elorduy created an all-wooden shelter stunning in its simplicity, efficient thanks to smart design. The orientation takes advantage of Spanish sun for heating: large windows open the South side to winter sun; protective shading blocks direct summer sun.

According to Linkedin, Sunday January 28th 2018;

“Housing costs keep climbing in the U.S. and the trend is sending ripples through real estate. The spike — coupled with the trend of workers seeking employment in the city or looking to switch to remote work — has inspired a few novel projects to make better use of America’s space.  Join the conversation –  #UrbanInnovations

Follow this topic @ #UrbanInnovations

 

 

 

 

Griffintown Montreal A Neighborhood On The Rise

Featured photos ©Bonnie Meisels

Griffintown Montreal A Neighborhood On The Rise

Griffintown Montreal A Neighborhood On The Rise is about a newly developed sector of Montreal, barely a kilometer in size.  It’s border stretch from north of the Lachine Canal to Notre-Dame St., and east from Georges-Vanier to the Bonaventure Expressway. Real estate wise, this area is part of the borough of Le Sud-Ouest.

An area rich with history and some wonderful architectural buildings, this southwestern part of Montreal stretches back to the 1820’s to the 1960’s as an industrial and working class neighborhood for mostly Irish immigrants.

In 2014, Griffintown became part of an ongoing movement to introduce a “Quartier de l’innovation” to lower Montreal, with the idea to create and foster creativity and entrepreneurship in the city. This focus has attracted a demographic of upscale, professional, high-tech and young millennials,  than the other districts of the Sud-Ouest region.  From a minimal population of 810 in 1971, Griffintown today has an untold amount of  major housing complexes occupied and currently under development. According to statistics Canada ” Griffintown has had double-digit growth, but the area bordered by Notre-Dame, Guy and de la Montagne Streets saw the largest population boom in the metropolitan region, exploding by 642 per cent from 2011.”

Along with all these condo developments and new residents, a whole host of stylish restaurants, artisan bakeries, hotels, boutiques, high end grocers and stores have sprung up. One of the other great features of this neighborhood is if you work downtown, you can cycle to work, stroll out for a microbrew or some fromage Québecois…. The price point of this area is also more attainable for young professionals than it’s nearby Old Montreal.

I recently did a mini video snapshot of the neighborhood as it stands now in 2018. This neighborhood reminds me somewhat of Soho in New York and / or some of the other old industrial sections of Manhattan that went through transformation.

View or download the sales Griffintown Montreal sale stats from 2016 -2017

 

 

Popular places to go in Griffintown

Bakeries

La Bête à Pain – 195 Rue Young, Montréal, QC H3C 2E9 –  (514) 509-8937

Yuki Bakery – 1744 Rue William #604, Montréal, QC H3J 1R4 –  (514) 836-9968

Boulangerie L’ Amour du Pain – 323 Mountain St, Montreal, QC H3C 2B2 – (514) 846-4070

Patrice Pâtissier – 2360 Notre-Dame St W, Montreal, QC H3J 1N4 – (514) 439-5434

Restaurants

Restaurant Le Fantôme – 1832 William St, Montreal, QC H3J 1R5 – (514) 846-1832

HVOR – 1414 Notre-Dame St W, Montreal, QC H3C 1K9 – 514) 937-2001

Sushi Taxi – 1744 Notre-Dame St W, Montreal, QC H3J 1M3 – (514) 564-3434

Le Boucan Smokehouse – 1886 Notre-Dame St W, Montreal, QC H3J 1M6 – (514) 439-4555

Foxy – 1638 Notre-Dame St W, Montreal, QC H3J 1M1 – (514) 925-7007

Bistro Licence IV – 1524 Notre-Dame St W, Montreal, QC H3C 1L1 – (514) 938-8084

Chez Sophie – 1974 Rue Notre-Dame Ouest, Montréal, QC H3J 1M8 – (438) 380-2365

Grinder Viandes & Vins – 1708 Notre-Dame St W, Montreal, QC H3J 1M3 – (514) 439-1130

These are just a small sample of awesome restaurants, there are many more

The 10 Best Restaurants In Griffintown, Montreal

A neighborhood in southwestern Montreal, Griffintown is full of historic buildings, boutiques and restaurants, all within a short walk from the waterfront. Check out this list of restaurants that incorporate the culture and flavor of the city while still taking inspiration from around the world.

Shopping

West Elm ( Furniture Store) – 995 Rue Wellington #100, Montréal, QC H3C 1V3 – (514) 861-2809

LUDOVIK (Furniture & Accessories) – 1318 Notre-Dame St W, Montreal, QC H3C 1K7 – (514) 678-6617

Celadon Collection (Furniture) – 170 Peel St, Montreal, QC H3C 2G7 – (514) 932-3306

Mitchell Gold + Bob Williams – 1057 Wellington St, Montreal, QC H3K 1V4 –  (514) 788-8801

MUST Concept Store – 186 Peel St, Montreal, QC H3C 2G7 – (514) 509-8871

Ligne Roset Montréal – 197 Rue Young, Montréal, QC H3C 2E9 –  (514) 509-5370

Whether you’re looking for furniture, ice cream, flowers, you’ll find all you’re looking for. View map and listings;

Griffintown Condo Projects

Contact me for more information on any of these projects

Hotels directly in Griffintown

Hôtel Alt Montréal – 120 Peel St, Montreal, QC H3C 0L8 – 855-823-8120

Alt Hotel Rooftop