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 […]
Montreal one of Canada’s hottest markets for luxury homes
Montreal is emerging as one of Canada’s hottest markets for luxury real estate, according to two recent reports on the country’s top-tier property markets. Sales of multimillion-dollar homes are soaring […]
Hausse de 31% des ventes en décembre
Au cours du mois de décembre, les ventes résidentielles ont bondi de 31% dans la région métropolitaine de recensement (RMR) de Québec. «En décembre, pour une quatrième fois au cours […]
Tap into home equity with no monthly mortgage payments.
What Is a Reverse Mortgage? The most common type of reverse mortgage is a loan insured by the Federal Housing Administration (FHA), which is also called a HECM. It allows […]
What can a homebuyer get for $500,000 across Canada right now?
I should have known better than to ask a Vancouver realtor how much half a million could get you in Lotusland these days. “It’s pretty easy,” laughed MacDonald Realty broker […]
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 […]
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The year Canadians learned just how resilient our housing market is
2020 could end up being a seller’s market if new listings fail to match the growth in sales It’s been a year of ups and downs for Canada’s housing markets, […]
Eastern Canadian real estate markets see big demand surge
Canadian real estate buyers are unusually busy at a time of year when no one’s selling. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased across […]
Happy New Year to my Clients!
Happy 2020 New Year Montreal! Dear friend you have made the past year very special and important for me. Having you around, every moment becomes special for me and I […]
6 Underrated Montreal Neighbourhoods With A Surprisingly High Quality Of Life
If you want to switch things up from downtown Montreal, check out these spots. Montreal is nothing if not diverse, and each one of our many boroughs reflects that. We […]
Everything you need to know about home ownership programs
Municipalities need revenues to pay their employees and to provide services to their citizens, and the primary source of obtaining and increasing that revenue is through property taxes. Therefore, municipalities […]
A complete worry-free guide to buying your new home
Buying a home or condo is undoubtedly one of the most stressful steps in one’s life. At GuideHabitation.ca, we have spent the last several years observing this purchase process from […]
Priced out of the Montreal market, future home-buyers look off-island
As home prices rise, off-island buyers in places like Hudson and St-Lazare have the upper hand when it comes to single-family homes. The number of homes sold in Montreal has […]
Condominium Soundproofing: When Noises Affect the Quality of Life
Condo soundproofing has greatly improved over the last 20 years. Despite that, noise is still the second most important cause of discord between owners. Survival guide . . . Jocelyne […]
Buying a house with a RRSP… Without having a RRSP
You have savings to buy your first house and you are short but not by much? Here is a strategy that allows to convert a bank loan in a RRSP and then […]
How to buy a new condo and save money
For somebody looking for a new home, these are confusing times we live in. Gone are the good old days of les habitants, when all you had to do was walk […]
Which neighborhoods in Greater Montreal are the most valuable?
When it comes time to consider buying property, choosing the right neighborhood is probably the first decision to be made… along with your budget. Ironically, the two are intrinsically linked, […]
Which advance payments are required on a condo or new home?
Reservations, preliminary contracts and deposits : what are common practices in the industry? How can you acquire the condo of your dreams without taking any useless risks? Experts have the […]
Montreal Real Estate: The Arrival of Fall Marked by a Sharp Increase in Condominium and Plex Prices
Montreal Real Estate: The Arrival of Fall Marked by a Sharp Increase in Condominium and Plex Prices L’Île-des-Sœurs, October 4, 2019 – The Quebec Professional Association of Real Estate Brokers […]
How to lower the amount of taxes you pay on income properties
Everyone wants to pay less taxes! Is there anything that can be done concretely at the end of the year to soften the blow? There are major differences between owning […]
Skyscrapers in Montreal: the cityscape evolves
In Montreal, more than a dozen of residential skyscrapers will be home of hundreds of new condos. Real estate developers see Montreal as ripe for development. There is a long […]
An Exceptionally Active Month of August on Montreal’s Real Estate Market Centris Residential Sales Statistics – August 2019
An Exceptionally Active Month of August on Montreal’s Real Estate Market Centris Residential Sales Statistics – August 2019 L’Île-des-Sœurs, September 6, 2019 – The Quebec Professional Association of Real Estate […]
Economic Highlights
According to the Conference Board of Canada, the proportion of Quebecers who feel that the time is right to make a major purchase, such as a property, stood at 46.4 […]
A Review of Articles on Home Ownership Measures
A Review of Articles on Home Ownership Measures In the past month, several announcements and positions, including that of the QPAREB, have been made on the subject of home ownership. […]
Higher Price Ranges: Montreal Area Widens the Gap
The growth cycle of Quebec’s real estate market has not really experienced any significant setbacks since the beginning of the millennium, despite severe economic turbulence in the United States (since […]
Province of Quebec: Factors Stimulating the Residential Market for the Remainder of 2019
In its most recent Spotlight on Housing study, Desjardins Economic Studies looks at the two factors that could stimulate Quebec’s residential real estate market by the end of 2019. Province […]
Seven out of 15 major housing markets in Canada unaffordable to average person — and good luck renting
Good morning! We’ve been hearing a lot about home affordability in this federal election, so how affordable is a home in Canada? Online real estate brokerage firm Zoocasa in a […]
Montreal’s property values enjoyed strong acceleration since 2017
Greater Montreal property values have spiked up by an average of 13.7% from 2017, according to figures released earlier this month by the municipal government. This average considerably outstripped the […]
3 Errors Often Made by First-Time Buyers …
3 Errors Often Made by First-Time Buyers The U.S. real estate website Inman recently surveyed its readers about the mistakes they made when buying their first home. Here are the […]
Choosing the Right Broker For You
Choosing the Right Broker For You You will be working as a team with your real estate broker throughout the entire process of buying or selling your home. Because service […]
5 Tips for Organizing Your Kitchen
Whether you just bought a new house or have been in your home for a long time, it’s never too late to think about organizing your kitchen more efficiently. If […]
