Mortgage stress tests set to tighten in wake of Bank of Canada warnings
OTTAWA — Canadians looking to buy homes will face stiffer mortgage tests in a few days as the federal government and a national regulator tighten rules in the wake of […]
Bank of Canada governor warns rapid rise in home prices is ‘not normal’
Bank of Canada Governor, Tiff Macklem warned the housing market is “not normal,” as he released new research that suggests real-estate prices in some of the country’s biggest cities are […]
Downtown Montreal in survival mode, but what comes next?
Downtown Montreal in survival mode, but what comes next? The latest vital statistics paint a grim portrait of Montreal’s once-vibrant downtown core almost a year into the pandemic Yes, Ste-Catherine […]
9 Activities To Do On Your Next Cottage Weekend
Because it’s officially cottage season! ;)… ETA 4months to go! Every year, thousands of Canadians flock to their cottages for a megadose of fun in the sun. In fact, summer […]
Here’s How Much You Need To Make To Afford A Home In Montreal
It’s no secret that buying property is a pretty big investment. And over the last couple of years, that’s become truer and truer when it comes to Montreal real estate. So you […]
Home sales in Montreal, Quebec City hit record highs in January: real estate brokers association
People in Montreal and Quebec City bought a record number of homes at the start of the year, but had fewer options to choose from. The Quebec Professional Association of […]
No, Canada’s housing market won’t crash
With an alarmist headline predicts that housing prices will “correct” sometime this year, but according to a mortgage professional in Vancouver, a fundamental misunderstanding is at play. “It’s as simple […]
Despite pandemic, Montreal’s real estate market had a record year
Despite pandemic, Montreal’s real estate market had a record year The QPAREB reported a “record-setting sales” year for 2020, with a projected 110,000 transactions. Looking ahead, Charles Brant, director […]
Happy New Year – 2021
A Valuable Addition to the Team – Anna Donato! We are always here to help you with all your real estate needs … we couldn’t have done it without the support […]
New Year!? — Yes, Please!
It’s been a really hard this year but at last, the time to say goodbye to the year 2020 finally arrived. And now, here we are, ready to welcome the […]
Montreal’s Resale Market Showed No Signs of Slowing in October, Despite the Second Wave
L’Île-des-Sœurs, November 3, 2020 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month […]
Sales in Quebec City remained at exceptional levels in October and the number of properties for sale fell even further
NOV 3, 2020 | PRESS RELEASES, SALES STATISTICS Quebec City, November 3, 2020 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec […]
Canadian home prices rise in September as housing market firms, according to Teranet data
Canadian home prices posted across-the-board monthly gains in September, led by the Ottawa-Gatineau , Montreal and Quebec City markets, for the second-strongest September on record, data showed on Tuesday. The […]
Buying a home? Consider writing a heartfelt letter to the seller
Realtor Michelle Symons has been advising many of her clients to write letters. “I usually have my buyers write a letter to make sure that they can tell the sellers […]
Happy Thanksgiving!!! (CND)
I’m thankful to Thanksgiving Day because it gives me an opportunity to express my gratitude to you guys. I feel blessed to have you in my life. We may not […]
CMHC reports annual pace of housing starts in Canada fell 20 per cent in September
Canada’s homebuilding activity remained historically strong last month even though the annual pace of starts plunged 20 per cent from August, economists said Thursday.Canada Mortgage and Housing Corp. said the […]
Don’t be alarmed but as much as 20% of Canadian mortgages are at a ‘higher risk of defaulting’
“If 20 per cent of mortgages under deferral eventually become delinquent in Canada, this equates to a mortgage delinquency rate of 2.3 per cent which is almost 4 times higher […]
In echo of Toronto, condos start flooding the market in Montreal
https://www.bnnbloomberg.ca/in-echo-of-toronto-condos-start-flooding-the-market-in-montreal-1.1505074?jwsource=cl It’s not just Toronto. Montreal is seeing a flurry of condos being put up for sale, suggesting the city’s housing boom may be fading as the effects of the […]
Don’t be alarmed but as much as 20% of Canadian mortgages are at a ‘higher risk of defaulting’
“If 20 per cent of mortgages under deferral eventually become delinquent in Canada, this equates to a mortgage delinquency rate of 2.3 per cent which is almost 4 times higher […]
Condo listings surge 215% in signal of downtown Toronto/Montreal weakness
https://www.bnnbloomberg.ca/condo-listings-surge-215-in-signal-of-downtown-toronto-weakness-1.1504213?jwsource=cl Toronto’s /Montreal’s thriving housing market is beginning to show signs of strain, particularly in a condo segment suddenly flooded with new listings. September data from the Toronto Regional Real […]
CMHC eyeing ‘new tools’ as mortgage deferral cliff looms for borrowers
This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest With a six-month window for some borrowers to defer their loan payments closing […]
Equitable Bank says mortgage deferrals have plummeted from their peak
Loan balances still on deferral plans down to six per cent of portfolio, or approximately $1.66 billion Driving the results was a quarter-over-quarter drop in the amount of money that […]
CMHC Tightens Mortgage Loan Insurance Criteria
CMHC Tightens Mortgage Loan Insurance Criteria The Canada Mortgage and Housing Corporation (CMHC) announced on June 4 that it is restricting its underwriting policies for insured mortgages. According to the CMHC, job […]
No U.S.-Style Crisis Expected for Canada’s Real Estate Market: National Bank
In a special report, the National Bank presents its most recent real estate forecasts for Canada in the context of the COVID-19 pandemic. Recognizing the current high level of uncertainty, economists […]
Economic Highlights
According to the Conference Board of Canada, the proportion of Quebecers who felt that the time was right to make a major purchase, such as a property, increased to 22.4 per cent in […]
The CMHC Expects Property Prices to Fall Significantly in 2020
The CMHC Expects Property Prices to Fall Significantly in 2020 In a special edition of the Housing Market Outlook, the Canada Mortgage and Housing Corporation (CMHC) presents its forecast for how […]
Realtors say on-the-ground activity defies CMHC’s ‘panic-inducing’ price plunge forecast
Good morning! Realtors and market observers say Canada Mortgage Housing Corporation’s prediction that home prices could plunge 18 per cent year in a year’s time, don’t reflect the resiliency of […]
Ignore the gloomy forecast — property prices are not poised to decline 18%
CREA economist Shaun Cathcart on how the overheated markets before the crisis could become a source of strength after… Shaun Cathcart, senior economist at The Canadian Real Estate Association, talks […]
Make Room for Life
Make Room for Life – The living room goes to bed late, and still wakes up early. It is the hardest working room in the house where you can Make […]
Coronavirus and Staying Healthy
Watch for SYMPTOMS Reported illnesses have ranged from mild symptoms to severe illness and death for confirmed coronavirus disease 2019 (COVID-19) cases. The following symptoms may appear 2-14 days after exposure.* FEVER […]
COVID-19 | Update on the Quebec Real Estate Market
March 24, 2020Here are the main findings of the QPAREB’s Market Analysis Department, based on the most recent data collected by the Centris system of real estate brokers.The number of […]
COVID-19 | Government Programs
Please visit the COVID-19 section of your extranet for all the latest developments. Update 5The QPAREB is aware that the COVID-19 pandemic is causing a sudden slowdown in the real estate market, […]
‘Prices are not going to go higher’: COVID-19 expected to put chill on spring housing market
Impact of virus on economy, self-isolation measures may keep buyers home and make them more cautious about taking on a large mortgage Social distancing advisories and the potential for lockdowns […]
Fixed or variable? The coronavirus crisis has made one the better pick for mortgage shoppers this spring
The best variable mortgage rates are 2.39 per cent or less. These vary by your location, property and cr editworthiness. Amid crumbling financial markets, hundreds of thousands of Canadians must […]
Real estate: Hack your home search with these Centris features
Here are four ways to find more of what you’re looking for in your online property search. Working with a realtor is the best way to ensure you learn about […]
Virus-driven interest rate cut could add kerosene to Canada’s already hot housing market
Market poised for a hot spring — with lower mortgage rates likely to offset any major drag from the coronavirus anada’s housing market is poised for a hot spring — […]
Canadian home prices edge higher in January, led by Hamilton and Montreal
Canadian home prices rose modestly in January, paced by gains for the Eastern Canadian metropolitan areas of Hamilton and Montreal, data showed on Thursday. The Teranet-National Bank Composite House Price […]
City of Montreal to exercise right of first refusal to turn properties for sale into social housing
City of Montreal to exercise right of first refusal to turn properties for sale into social housing Mayor Valérie Plante says Montreal has identified 300 properties that it will attempt […]
Real estate: Not your first home purchase? Here’s why you may still qualify for first-time buyer programs
Most home ownership affordability programs are geared to first-time buyers. But you may in fact qualify as a “first-time” buyer. It’s not just first-time buyers who are concerned about skyrocketing home […]
Liberals call for a tax to slow real estate speculation in Montreal
QUEBEC — The official opposition is calling for a tax to curb real estate speculation in the Montreal region. If nothing is done, property will soon be ‘unaffordable,’ said the […]
Ottawa announces changes to mortgage stress test for insured mortgages
The federal government is changing the stress test rate for insured mortgages starting April 6. The government says the change will allow the rate to be more representative of the […]
Your Referrals Can Earn You $500 (or more)!
Your Referrals Can Earn You $500 (or more)! We need your help because your referrals are the lifeblood of our business. Only through YOUR assistance can we keep building the […]
Buying a new condo? Here are seven common pitfalls
The terminology, regulations, process and guarantees are different than what you may experience buying a detached or semi-detached home Buying a new condo isn’t quite the same as buying a […]
Montreal housing market posts largest price increase in nine years
Aggregate home prices in the Greater Montreal area rose 6.3 per cent in the fourth quarter of 2019, real-estate company PR said. Trees don’t grow to the sky, but maybe […]
How will demographic changes affect Montreal real estate?
There may be more homes on the market as needs of seniors change, but population projections suggest the effect will be limited. House-hunting is more frustrating than it used to […]
Bidding wars, multiple offers ‘the norm’ in Montreal real estate market
Real estate broker Nathalie Bégin can’t recall a time during her three-decade career that the local market has been so tilted toward sellers. Bégin, who runs Ahuntsic office, cites the […]
Real estate: Essential advice for homebuyers in a seller’s market
It’s not called house hunting for nothing. Arm yourself with information before you make your move. Times are tough for house hunters in Montreal right now. In most parts of […]
‘Montreal is sexy’ and its housing market is expected to break records in 2020
Get ready for another strong year in Montreal real estate. Quebec as a whole is outperforming the rest of Canada. Yet housing affordability has deteriorated and is now approaching “critical […]
Real estate: More renters face eviction as vacancies hit 15-year low
It’s not easy to find an affordable apartment in Montreal these days. Vacancy rates are lower than they have been in 15 years, hovering around one per cent — or […]
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Canadian home prices expected to keep rising this year, outpacing inflation
Poll of property market analysts finds prices expected to rise 5% this year Canadian house prices will continue their upwards march this year, outpacing inflation after hitting record highs in […]
Everything You Need To Know …
Everything you need to know about Quebec’s partial reopening plan for February. During Premier Legault’s announcement on February 2, we found out that hairdressers, museums and non-essential stores will be allowed to […]
