Montreal’s residential real estate market shrank in May, but prices did not!

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 single-family […]

Home construction is proving more resilient to COVID-19 crisis than other sectors of the economy

  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 […]

COVID-19 pandemic prompts urbanites to rethink ‘grand bargain’ of dense city living

COVID-19 pandemic prompts urbanites to rethink ‘grand bargain’ of dense city living

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 […]

Real Estate Industry Criticizes CMHC’s ‘Irresponsible,’ ‘Panic-Inducing’ House Price Forecast

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 […]