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 […]

Greater Montreal Area Real Estate Market Saw Record Performance in the First Quarter of 2020, Prior to COVID-19 Pandemic

Greater Montreal Area Real Estate Market Saw Record Performance in the First Quarter of 2020, Prior to COVID-19 Pandemic

Greater Montreal Area’s aggregate home price rose 7.2% year-over-year in the first quarter of 2020, the region’s second consecutive year-over-year quarterly record in almost a decade Royal LePage forecast that if business activity resumes by late spring, home prices in the region should remain stable with a slight decrease of 0.5% by the end of […]

Is now a good time to buy a house? Could be

Is now a good time to buy a house? Could be

The COVID-19 pandemic has created economic uncertainty, causing Canadians to hit the pause button on many aspects of everyday life. Buying a new home may be the furthest thing from your mind right if you’ve been laid off or face employment uncertainty. On the other hand, if your income sources are secure, it might be […]

Making the best of it: staying productive during COVID-19

Making the best of it: staying productive during COVID-19

As the COVID-19 pandemic rages on – more than 900,000 cases were confirmed worldwide at time of writing, with over 8,600 in Canada – brokers and their clients are staring down the barrel of at least another two weeks of strict social distancing. Waking up each day to a cocktail of rising death tolls and […]

Montreal’s multifamily housing to reel from coronavirus impact

Montreal’s multifamily housing to reel from coronavirus impact

Despite the Canadian multifamily housing market seeing a measure of success in the past few months, it is a different story in Montreal, with condo sales weakness starting in 2019 to endure for at least two years. In its recent analysis, Altus Group noted that the current market context amid the COVID-19 outbreak will have very […]

A Review of 2019 New Homes Construction in Canada’s 6 Biggest Cities

A Review of 2019 New Homes Construction in Canada’s 6 Biggest Cities

ear-end city housing starts statistics for 2019 recently became available from Canada Mortgage and Housing Corporation (CMHC). For the six largest cities in Canada, by population, this article will examine how last year’s results compared with other years, previous peaks and long-term averages. It will also look at the singles-versus-multiples mix. Multiple-Unit Starts Now Totally […]