A fresh dose of the local market. Three times a week.
On the topic of Micro Condos in Canada and the United States, Radio Canada made a documentary covering the different condo markets in the cosmopolitan cities of Montreal Vancouver and San Francisco. It shows us the differences between our (montreal) micro-condos and what they have to offer in space and layout in comparison to the ones in San Francisco, for example. A snapshot of the … [Read more...]
To first-time buyers, closing costs are a mystery; most people have a slight idea of what they are, but don’t know what’s specifically involved or how much the cost will be. Many think closing costs refer to the notary fee, end of story. In reality, though, there’s more to it than that. In addition to a down-payment on your mortgage, you (the buyer) will need to put aside a little extra … [Read more...]
[Transcript] Hi Deya Bautista here. A lot of people ask me by email what are the areas that I recommend investing in. It will depend on your budget but if you’re looking for an apartment near downtown, very close to old Montreal and you have a budget within $250,000 to $400,000, you can have a really nice apartment in this area. There is a mix of construction in this area. We have building … [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...]
"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...]
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514.917.7889.
deyanira@McGillRealEstate.com
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