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Video Blog, Episode Four: BANK Project in Old Montreal

December 22, 2011 By 2 Comments

This is something I have been looking forward to shooting since the summer time, when I was first told about the development!
I present to you a video tour of one of the hottest projects in Old Montreal at this moment.

BANK Condo Project offers us 43 units of high-end design, a graceful mix of the historic and the modern.
I had a small interview with Mickael Chaput, Real Estate Broker with McGill Immobilier and he gives us the insights of the projects architecture, features, sizes and prices.

Here is the video…

{Special thanks to Mickael Chaput for giving us the tour and to Patrice Groleaux for the video editing job. Merci!}

If you’re not able to view it from your inbox, here is the permalink.

More information on this project, visit McGill Immobilier website.

Filed Under: Hot Development, Old Montreal, Video Blog Tagged With: , ,

Market Update: September Condo Sales Stayed Strong

October 24, 2011 By Leave a Comment

Market September 2011

The Greater Montreal Real Estate Board (GMREB) released the latest numbers, comparing last’s years market performance and price increases to this year’s.
September 2011 had 1% more sales than September last year. Condos had 8% more sales, but the single family homes and plexes were down in sales.

They also mentioned that sales were down on the North and South Shore respectively. With all the traffic and problems with infrastructure happening, it was expected to hear the south shore isn’t doing so well in sales.

But back to the main topic, and as it has been for the past few months. The condo market it’s still on the lead:

“Once again, the increase in sales in the Montréal Metropolitan Area can be attributed to the performance of condominiums. Sales of condominiums were particularly vibrant in Laval (+40 per cent) and on the Island of Montréal (+10 per cent).

Now, let’s talk prices….

The median prices have increased (of course) and here are the numbers:

  • Single Family homes: $266,750 – 6% more than last year.
  • Condos: $220,000 – an increase of 2%
  • Plexes; $400,000 – a 6% increase.

Now, if you see the condo’s increase it is only by 2%- price wise, but the sales were up for a lot more than that.

Looking to sell your condo? Contact me for a free appraisal!

 

Click here to view the complete article from GMREB

Filed Under: Montreal Market Report Tagged With: , , ,

Comment savoir si un condominium a une bonne situation financière?

July 8, 2009 By Leave a Comment

Le bien être financier d’un syndicat de condominium est très important. Acheter un condo dans un condominium, dont le syndicat de copropriété n’a pas les fonds nécéssaires pour fonctionner et payer les frais courants, est un risque majeur.

Des frais de condo peu élevés peuvent rendre un achat plus attractif, mais ils peuvent aussi être signe que le syndicat de copropriété n’est pas prêt pour des travaux urgents ou d’éventuels travaux de rénovation. Donc une fois installé vous vous exposez à des augmentations des charges au fur et à mesure du vieillissement du bâtiment.

Heureusement il y a moyen de connaître les états financiers du syndicat de copropriété. Les syndicats sont obligés de conserver les budgets annuels qui sont alloués à l’entretien de l’immeuble ainsi que les états financiers. Le plus important est de savoir quel est le montant de la réserve du fonds de prévoyance. Continue >>

Filed Under: Articles en Français, Premier Acheteur Tagged With:

New addition: Open House Tour March 29-2009

March 28, 2009 By Leave a Comment

I just got word from Leonard Rosen that this lovely condo will also have a visite libre tomorrow (Sunday Mar29,2009). So instead of re-writing the already published article, we’re making a new entry with more information. You can find the complete listing by click the details link.

mt8048392 Côte-des-Neiges

6111 Av. du Boisé, apt. 5L
$475,000
02:00 pm to 04:00 pm
Sutton  |  Details

The scoop: Le Sanctuaire du Mont Royal, Phase IV. Superb condo with large balcony , interior access to Sporting Club( with a membership) and Mediclub, 24 hour security, semi-private elevator, 2 garage spaces and locker. 1,460 sqft!!
Filed Under: Open House Tour Tagged With: ,

Weekend Open House Tour: March 29-2009

March 28, 2009 By 3 Comments

Our first post from the new section: Weekend Open House Tour, features the best presented properties available to visit in the selected areas of Montreal. We’ve decided to include only three at a time for each category- in this case; Condos and Single Family Homes. While we are not too picky about the price (as everything is negotiable in real estate), the properties are chosen based on presentation (first impressions): images, layout and interior design.
For further info, a link to the detailed listing is included; you can find the specs, more images, the exact location and the broker’s contact info.

Condos

Note: the two projects listed below have information spaces. In the case of M9 and Benny, they are also open during the week from 2pm to 7pm. So if you miss the weekend visit, you can always go back during the week. And..Square Benny has now a BEAUTIFUL condo-model, finished and furnished.

Old Montreal
M9 Evolution (Project)
90 Rue Prince
From $239,000 +
Sat & Sun. 12:00 to 5:00 pm
McGill immobilier | Details		 NDG
Square Benny (Project)
4100 Av. Benny
From $138,900 +
Sat & Sun. 12:00 to 5:00 pm
McGill immobilier | Details		 Le Sud Ouest
01223 Rue Charlevoix, apt. 104
$164,500 + GST/QST
01:00 pm to 04:00 pm
Sutton | Details

Houses

Something we noticed at the last minute: all the houses listed below have 3 bedrooms. Interesting? I think so. The interior spaces (even the empty ones) are photographed beautifully. It’s good to see listing exhibited in a professional manner. Let’s see the homes >>

Filed Under: Open House Tour Tagged With: ,

Undivided Co-ownership: Formalities involved

January 9, 2009 By 9 Comments

In previous articles we discussed what undivided co-ownership means, as well as the financing required for these types of properties. Today we will take a brief look at the formalities involved in creating a undivided co-ownership.

How is it formed?

To create an undivided co-ownership you, and the other co-owners, will need to draft a formal “Indivision agreement”, (with the help of a notary, of course) Then this document must be registered and published to be enforceable against third persons.

The agreement may cover the following: Continue Reading >>

Filed Under: Buying Real Estate, First Time Buyer Tagged With: ,

Square Benny: Green Condo Development in NDG.

December 19, 2008 By 5 Comments

An Environmentally friendly construction.


Photo Source: McGill Immobilier

When we think about green, we imagine trees, open air and nature. The words green development will make us envision a home community surrounded by gardens and trees, but we also think about eco-friendly housing: energy efficiency, recovered (recycled} construction materials, and all this we thought to be the way that our future homes will be built.

The Square Benny Condo Community was created by a private developer named McGill Development, the same who created the 777 Gosford, Orleans and M9 in Old Montreal.

Located in NDG, the Square Benny consist on two small buildings; 3 to 4 floor high, surrounded with, you guessed it, a lot of green spaces. Something that not many new condo projects are doing now-days.

Unlike other mid-rise buildings, this project is made with a concrete structure, and with 8 inches of concrete slab in between each floor, the neighbours downstairs won’t hear you drop the spoon on the kitchen floor. Superb soundproofing.

Let’s talk about the heating and cooling system.

The first time I read the term “Hybrid Condos”, I thought: “What the heck? Another publicity stunt?”
Maybe some alien technology only available at this particular project. Then I heard: 55% of savings on your heating/cooling (energy) consumption. Now we’re talking…>>

Filed Under: Hot Development Tagged With: , ,
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