6 Signs It’s Time to Sell Your House

  To know when to sell your property isn’t an easy decision to come to. While some Real estate experts say it’s a great time to take advantage of the next stage in the property cycle, others think that we are yet to feel the full force of Covid on the market. Of course, no-one wants to purchase a new property,  to see it decrease in value and then have to wait for prices to rise...

What You Need To Know About Mortgage Down Payments

How much you pay upfront could expand your options and save you money. One of the most important parts of your home purchase is your down payment. Whether you diligently save for a few years, borrow money from family, or use your RRSP, maximizing your down payment will save you money on your mortgage and give you more choice. Here’s everything you need to know about mortgage down payments in...

Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced

  A recent survey by BMO says 57 per cent of homeowners are planning to opt for a fixed-rate mortgage. Of those who are still trying to decide what type of mortgage to arrange, more than 30 per cent say COVID-19 has made them more likely to gravitate towards a fixed-rate mortgage. Only eight per cent are more likely to go with a variable rate mortgage as a result of the pandemic. For...

Bank of Canada plans to keep interest rate near zero until 2023

Bank is assuming no widespread lockdowns are coming back, and that there will be a vaccine by 2022 The Bank of Canada says it has no plans to change its benchmark interest rate until inflation gets back to two per cent and stays there, something it says isn't likely to happen until 2023. The central bank said Wednesday it has decided to keep its benchmark interest rate steady at 0.25 per cent. The...

Is moving out of Montreal in a pandemic worth it? We break it down

  The Coronavirus pandemic is giving people an extra reason to pack up and move away from big cities, but one expert says it could be costly in the long-run. Finance expert Kelley Keehn recently joined The Morning Show to break down what you need to consider before moving out of the city. The obvious costs when it comes to moving include your mortgage, down payment and potential moving truck...

A quick sale or a better sale

  In this continuing series of articles, which are abridged excerpts from my book, The Happy Agent, I offer a few specific tips that might make the difference between a quick sale and a better sale. Or in the case of a slower market, any sale at all. Now, some of this advice may not be timely during our current pandemic of fear. But it soon will be as this social madness reaches its...

Royal LePage sees Montreal residential property market cooling off this fall

  "Essentially, what we’re forecasting is that prices are going to stay where they are for the rest of the year.” After a torrid summer that saw Montreal outperform Toronto and Vancouver on the residential real estate front, look for cooler temperatures this fall. Aggregate home prices in Greater Montreal will probably climb 9.5 per cent in the fourth quarter from a year earlier to...

Extremely active real estate market continues into September and accentuates the shortage of properties for sale in Montreal suburbs

  L’Île-des-Sœurs, October 7, 2020 – The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database. In total, 5,147 residential sales transactions were concluded in September 2020....

Prices of luxury homes continue to skyrocket during pandemic in cities across Canada

While the pandemic has affected many areas of Canada's real estate market, the price of luxury homes is certainly not one of them. On Tuesday, Royal LePage released its Luxury Property Report which shows that the price of a luxury house and condominium has risen in many regions across the country since the spread of COVID-19. Nationally, a entry-level luxury house as $2 million and recent...

The hottest Montreal-area neighbourhoods for homebuyers right now

  Already hot before the pandemic, the local real estate market is still on fire, but buyers have different priorities now. If Montreal’s real estate market was on fire at the beginning of this year, the pandemic has only fanned the flames. Yet in a reversal of the sales trends we saw last year, the hottest activity is now at the perimeter of the city. Priorities have changed. The...

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