Immigrants drive Canada’s urban growth as housing costs linked to Toronto, Vancouver, Montreal exodus

Canada became more urban in 2019 as its census metropolitan areas or CMAs grew by close to triple the rate as the rest of the country, with temporary and permanent immigrants accounting for nearly all of the 463,000 people who joined the largest cities. The CMAs grew 1.7 per cent over the 12-month period ending mid-2019, versus 0.6-per-cent growth for the non-CMA population, according to estimates...

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 Dominate Montreal’s...

The trouble with home inspectors

There is a big problem with the home inspection industry that many buyers don’t know about: pretty much anyone can call themselves a “home inspector” in Quebec. BRIANA TOMKINSON, SPECIAL TO THE MONTREAL GAZETTE Updated: December 6, 2019 A pre-sale inspection by a professional promises home buyers peace of mind that they aren’t moving into a money pit. But there is a big problem with the...

Home prices climb in Montreal, with no end in sight

If you’ve been putting off buying a house in the last year or so, you now could be paying tens of thousands more for the same type of property. BRIANA TOMKINSON, SPECIAL TO THE MONTREAL GAZETTE Updated: October 14, 2019 If you’re thinking of getting into the market to buy a house, you should know: Waiting could cost you. Prices in Montreal have been rising steadily during the past few years,...

Fixed or variable mortgage rate: Which is better for first-time homebuyers?

Buying your first home is one of life’s biggest decisions. It can also be one of the most stressful. Knowing what types of mortgages are available can help you make the right decision. Below we take a look at fixed- and variable-rates, and determine which option is best for first-time homebuyers. Fixed mortgage rate A fixed mortgage gives you a predetermined rate of interest for a set period of time....

Kitchen renovation has greatest potential to boost a property’s sale price

Prospective sellers likely to spend less than 2.5% of a home’s value on home improvement.   TORONTO, JUNE 28, 2018 – According to a cross-Canada survey of over 750 Royal LePage real estate experts, a kitchen renovation is the clear upgrade of choice with the potential to boost a property’s value by more than 12.5 per cent. Both ranking second, a finished basement or a new bathroom has the...

How To Find The Top Real Estate Agent in Montreal For Buying Or Selling?

Finding the best real estate agent takes time, but picking your agent carefully will pay off in the end. Here’s how to find the best real estate Buyer Agent or Lisitng Agent in Montreal. Contact your network to find the best real estate agent Going online to find a broker is one of the best ways to go. But if you prefer a more human touch, you’d be well served to simply ask around. Ask people you know...

Royal LePage Forecasts Healthy Price Appreciation for Luxury Real Estate

Royal LePage Forecasts Healthy Price Appreciation for Luxury Real Estate in Greater Montreal Area   Luxury condominium sales outpace luxury detached house sales in the GMA.  The Greater Montreal Area’s luxury property market showed continued momentum in both prices and sales mirroring its healthy economy and overall real estate market. The median price of a luxury house rose 5.4 per cent to...

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