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...
Real Estate News
(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...
MONTREAL -- The Quebec government has authorized the province's real-estate brokers to get back to work during the COVID-19 pandemic, but it won't exactly be business as usual. The brokers have been granted permission to work only on transactions deemed to be a priority, defined as those that must be completed before July 31. The Organisme d'autoreglementation du courtage immobilier du Quebec (OACIQ),...
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 the year, while the decline could be more pronounced,...
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 a good time to consider a new home purchase, especially while mortgage interest rates...