A fresh dose of the local market. Three times a week.
What graced the front and inside pages of our papers? Here is the scoop of Montreal's Real Estate & neighbourhood news: The horse palace purchased by a Griffintown Developer, Plateau let's the snow banks melts, and let's not forget: RBC made a false claim on its latest Montreal market report. No more bungalows for the Montreal area. After a couple of months of uncertainty about the Horse … [Read more...]
Interesting information in one of the FCIQ articles called: "Condominiums: No Longer Restricted to Large Urban Centres" It mentions that over the past 10 years (from 2000 to 2010), the condo market in Quebec has rapidly increased with sales that grew by 124% compared to that of single family homes which only went up to 41%. So more condos were sold than family homes. You'd think that condos were … [Read more...]
Photo: Edward Plante-Frechette According to this article in La Presse, Vito Rizzuto's home is now for sale. (do we need to explain who Vito Rizzuto is? We didn't think so either!) The home, with a municipal evaluation of 1 million dollars, is asking for $1, 995,000.It is listed with Sotheby's agency. When the listing agent was asked if it will be difficult to sale the home of a mafia boss, … [Read more...]
"It was a new condo building. A construction flaw was making it collapse under its own weight. The city condemned it as unsafe. The residents had to move out. The turned to the new home owners warranty to pay for the massive repairs. But there was a loophole." This was the first paragraph on the front page of Montreal Gazette's on Saturday. Anyone, buyer or not- will become extremely wary … [Read more...]
Good news for the Montreal Market. Despite all the hype on the housing bubble and slowing of sales across the country, we have just got a couple of articles published by the gazette informing us about the very optimistic Re/Max Falll Market Report, which displays a very healthy market for sellers, an increase of the home average price and a market driven by first-time buyers. Montreal is the … [Read more...]
You can always count on the media and the "Market experts" to make an issue out of something small, like the 0.1% decrease the new home prices in July. CTV News [Edmonton] reports: "The price of new homes fell 0.1 per cent in July after a 0.1 per cent increase in June -- the first drop in more than a year, according to Statistics Canada's latest report." So Statistics Canada comes out with a … [Read more...]
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