A fresh dose of the local market. Three times a week.
1954: Introduction of the Mortgage Loan Insurance- by the Canada Mortgage and Housing Corporation 1971: Principal residences were exempted from Capital Gains in The Income Tax Act 1992: There were two programs created by the federal government. The first was the Home Buyers’ Plan (HPB) allowing buyers to withdraw up to $20,000, tax-free, from their Registered Retirement Savings … [Read more...]
News on the national real estate market starts and sales can now be found at the CMHC's website. According to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition, we are doing just fine. Expect a moderation and a slight increase on the home prices this year: "The recent increase in the average MLS® price reflected strong sales in … [Read more...]
In 2009 the Montreal Real Estate market will become gradually more balanced, according to the CMHC 2009 market forecast. Given that sales will fall and listings will rise, the market will ease slightly over the coming year. Average resale prices will continue to increase, but more slowly than in recent years. A higher proportion of condominium sales will take place in the suburbs and in the … [Read more...]
Great news for home buyers. This is a clipping from the Newsletter of the Montreal Real Estate Board. The government injecting money to maintain the market growing, although no news for the 40 year mortgage or zero percent down payment- and we all wish it remains that way. If you can't afford to buy, then you should not get a mortgage. But for those with the means, lower interest rates are coming … [Read more...]
Real Estate Broker
McGill Immobilier
514.917.7889.
deyanira@McGillRealEstate.com
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