Montreal’s residential real estate market shrank for a second straight month in May, though prices continued to climb despite the health-related lockdown. Residential property sales in the Montreal Census Metropolitan Area tumbled 41 per cent last month, with 3,286 transactions recorded, according to data released Friday by the Quebec Professional Association of Real Estate Brokers. Prices for...
2020
The demand for new condos and rental housing has remained stable in Montreal despite the COVID-19 pandemic, but that picture could change if the unemployment rate remains high and immigration rates fall. Those were some of the conclusions from three of the city’s major residential developers at a June 12 webinar on real estate development and the residential market in Montreal. The event, presented by...
Canadian housing starts rose in May from the month before, signalling that home construction is one area of the economy that so far is escaping the COVID-19 pandemic with relatively little disruption, economists say. Housing starts rose to 193,500 annualized units in May, from 166,500 in April. Starts in Quebec were not included in April’s tally because the province shut down its construction...
While rising prices may pose a challenge for some first-time buyers, this city’s real estate will see sustained growth.While the rest of Canada’s urban housing markets were deflating under the pressure of the mortgage stress test and portents of potentially higher interest rates, Montreal was one of two cities to report price growth in 2019. (The other city was Halifax.)In fact, Montreal is the...
(Montreal, QC, January 25th, 2020) The top Montreal real estate agents for 2019 have been announced by Rate-My-Agent.com. The review site compiled and published a list of top 10 Montreal agents based on ratings and reviews received during the past year. Behrooz Davani has been selected by consumers as the best real estate agent in Montreal for a second year in a row. Unlike other agent ranking sites,...
MONTREAL - Griffintown is getting its first elementary school, the CSDM announced on Wednesday. In recent years, the neighbourhood has become an important business hub, home to several technology companies. Many of its residents live in modern condos. But the city has promised to make the neighbourhood more welcoming to families, to build parks, bike paths and now a school. The elementary school isn't...
MONTREAL — The densely populated slums of Montreal’s Griffintown were the subject of a famous 1897 study by businessman and philanthropist Herbert Ames, whose work on the disease-ridden tenements influenced generations of urban planners on how to develop healthy cities. Ames’s study, “The City Below the Hill,” is just one example, say academics in urban planning, of how the development of cities...
CMHC president Evan Siddall speaks to the Canadian Club of Toronto, Thurs. June 1, 2017. Siddall is taking criticism from real estate industry insiders over a pessimistic forecast for Canadian housing. (Photo: Nathan Denette/The Canadian Press) MONTREAL ― Members of Canada’s real estate and mortgage lending industries have lashed out at the head of the country’s government-run mortgage...
MONTREAL -- The densely populated slums of Montreal's Griffintown were the subject of a famous 1897 study by businessman and philanthropist Herbert Ames, whose work on the disease-ridden tenements influenced generations of urban planners on how to develop healthy cities. Ames's study, "The City Below the Hill," is just one example, say academics in urban planning, of how the development of cities has been...
Although March 2020 was one of the busiest months in Montréal’s residential real estate market, the Québec Professional Association of Real Estate Brokers (QPAREB) reports that the COVID-19 pandemic contributed to a slowdown in the second half of the month. “In Québec, Montréal is the CMA that is most affected by the spread of the virus, due to the city’s greater exposure to international trade...