One Good Earth Blog

Canadian real estate was once something well understood.  Since the unexpected results of the U.S. election results the Canadian real estate market has followed suit. Mortgage rates are on the rise, with RBC Bank, being one of the first to implement the rate increase New mortgage rules  The Canadian government has imposed tighter mortgage rules trying to ensure that Canadians can afford their mortgages.  An overheated Vancouver market was cooled by the new 15% tax imposed on foreign buyers as well as a 1% tax added to properties left vacant for more than six months Ontario doubles it's tax rebate...

Photo by Bonnie Meisels ©All rights reserved Recently rising interest rates came as big suprise here in Canada after much talk and speculation that rates would remain low for quite some time. A recent publication from TD Bank gives us a good snapshot of the current U.S. and global fiscal picture.  Although it's complicated, at least too complicated for me, this TD Economy report does a nice job of explaining some of the reasoning and underpinnings of the suprising rise in interest rates. Where it goes from here will depend on what unfolds in the new U.S. administration going forward. One...

The one-in-six rule: can Montreal fight gentrification by banning restaurants? Interesting article by The Guardian St Henri is an up and coming, sweet little neighborhood, close to the Atwater Market. The neighborhood has many shops, cafes and restaurants that have put this neighborhood on the map. It's this wonderful diversity, especially of good eateries that has people flocking to live in this urban hotspot. But, a debate has been brewing to limit the amount of restaurants. Read more about it here: https://www.theguardian.com/cities/2016/nov/16/one-in-six-rule-can-montreal-canada-fight-gentrification-banning-restaurants...

Montréal Real Estate Market is on a Roll According to the market report from the CMHC - Canada's Mortgage And Housing Corporation „On the existing home market, demand will be on the rise in 2016, and sales registered through the Centris® system will increase, reaching between 38,500 and 48,500 units. Existing home market: growth to continue in 2016 The year 2015 was characterized by renewed growth in home sales registered through the Centris® system, after five years of stagnation. This increase in sales should continue in 2016. Already in the first quarter, transactions recorded a strong gain (+10 per cent) over the same...

Photo by Bonnie Meisels© Best Montreal Real Estate Market October 2016 - Posts Vigorous Price Increases Via CNW According to the latest Centris statistics the Montreal real estate market in October 2016 in Greater Montreal has been the best October in seven years! Sales by geographic area All five main areas of the Montréal CMA contributed to the sales increase in October. Vaudreuil-Soulanges registered the largest increase in sales, as the number of transactions jumped by 45 per cent. The South Shore (+10 per cent), the Island of Montréal (+6 per cent), the North Shore (+6 per cent) and Laval (+6 per cent)...

Photo credit: Bonnie Meisels © Montreal Real Estate News Is Out! Montreal Real Estate News is out! Welcome to my online digital newsletter. Discover what our local real estate market is up to with the latest monthly market news and videos. Besides articles and statistics on our local Montreal Real Estate market, you'll find a collection of interesting stories from around the globe. I hope you'll enjoy reading some cool stuff on sports, entertainment, technology, great eats, and of course real estate! You can also find my newsletter  at https://real-estate-montreal.com. For any suggested articles, email me at buymontrealrealestate@gmail.com. Sign up here, for more indepth montreal...

Montreal Real Estate September 2016 Highlights Courtesy of GMREB Montreal Real Estate September 2016:  Sales in the Montréal CMA increased by 4% in September. This was the 18th sales increase in the past 19 months.  The Island of Montréal (+8%), the North Shore (+4%) and the South Shore (+3%) registered sales increases, while Vaudreuil-Soulanges (-5%) and Laval (-7%) posted decreases.  Sales of single-family homes and condominiums grew by 4% and 9%, while plex sales fell by 9% compared to September of last year.  The median price of single-family homes and condominiums rose by 4% and 1% respectively, while that...

The coolest neighbourhood in Montreal without question is Le Plateau! Every week I go to the Mile End section of Le Plateau for yoga class. I'm fortunate to be in this part of Montreal every weekend as there's always something new to discover in this neighborhood! The people and shops are so diverse and eclectic, the streets beam with so much character. Real estate wise, there are such colorful, beautiful brownstone like structures with antique architectural details. There's a fantastic creative energy that lives here, reminding me of the days I lived in Soho New York. A colleague of mine...

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