To My Clients & Community: A Note for Homeowners

HOMEOWNERS

Whether you have lived in your home for 1 year or 10, rest assured that there are programs and relief being offered by both the government and the banks. Various financial institutions will be offering measures to homeowners. I encourage you to reach out to your mortgage broker to consider your options in these circumstances. Here are the links to the major financial institutions websites. Check with your city if they are allowing a delay to pay your municipal taxes as well.

 

DESJARDINS
COVID-19: Desjardins announces relief measures for personal and business members and clients
https://blogues.desjardins.com/press_release/2020/03/covid-19-desjardins-announces-relief-measures-for-personal-and-business-members-and-clients.php

NATIONAL BANK
COVID-19: National Bank to Offer Support to its Clients
https://www.nbc.ca/en/about-us/news/news-room/press-releases/2020/20200317-covid-19-la-bnc-offrira-des-mesures-de-soutien-aux-clients.html

BMO Bank of Montreal
BMO Bank of Montreal Announces Actions to Support the Well-Being of Clients, Team Members, and Communities
https://newsroom.bmo.com/2020-03-17-BMO-Bank-of-Montreal-Announces-Actions-to-Support-the-Well-Being-of-Clients-Team-Members-and-Communities

SCOTIA BANK
Scotiabank announces support for customers, employees and communities impacted by COVID-19
https://www.scotiabank.com/corporate/en/home/media-centre/media-centre/news-release.html?id=3511&language=en

TD
An update on COVID-19 and how we’re ready to help
https://www.td.com/ca/en/personal-banking/covid-19/

 

The economy and real estate in Quebec were thriving and experts are convinced that the current state of affairs will be short lived. Please do not hesitate to contact me in the coming months when things become more clear for a free evaluation of your property.

 

At all times you can count on my professionalism, integrity, and devotion in supporting your real estate needs. Please do not hesitate to contact me with any and all of your questions.

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To My Clients & Community: A Note for Those Considering Getting into The Market

THOSE CONSIDERING GETTING INTO THE MARKET

If you are at all considering listing your property in the coming months, do not discount this opportunity. Things will be continually evolving but for now the market rests stable with high demand. We should evaluate on a case by case basis. Please contact me should you have any questions. 

Additionally, I have spoken with my contractors and if you require any work to be done to your home we will evaluate on a case by case basis.

 

At all times you can count on my professionalism, integrity, and devotion in supporting your real estate needs. Please do not hesitate to contact me with any and all of your questions.

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To My Clients & Community: A Note for Tenants

TENANTS

Along with the stress of finding a new rental, rest assured I will do what I can to find you a property that fits your needs for the July 1st move. This is a time where I encourage you to do most of your shopping online. I will vet all listings through their corresponding listing brokers to ensure that the property meets your criteria. We will only visit those properties that strictly meet your criteria. 

What I will do
  • I will continue to provide you with property listings that match your criteria in electronic form as usual
  • For a property that could suit your needs, if available we will first provide a virtual tour. If that is not available, I can video conference you from the property.
  • Upon a traditional property showing, the seller will fill the same declaration that you have
  • I will ensure the showing be limited to 1 person at a time (only the person signing the lease)
  • I will request that the seller not be home
  • I will ensure the property is disinfected prior to the showing
  • I will insist that no other visitors be in the property during the showing
  • I will ask the seller to open interior doors and turn on all lights before our arrival
What I ask of you

In order to keep the public safe and abide by government recommendations: 

  • Let me know immediately if anyone in your home has or has been in direct contact with someone who has tested positive for COVID-19
  • Let me know immediately if anyone in your home has or has been in direct contact with someone who has shown known symptoms of COVID-19
  • I would ask you to wash your hands prior to, during, and after the showing

 

At all times you can count on my professionalism, integrity, and devotion in supporting your real estate needs. Please do not hesitate to contact me with any and all of your questions.

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To My Clients & Community: A Note for Buyers

BUYERS

You have my full collaboration in continuing to help you in your property search. I am aware that this situation is extremely uneasy as you have to make the decision whether or not to put your trust in others and enter someone else’s home. Along with practising social distancing, there are many measures we can take to continue to help you pursue your move and ensure everyone’s safety and health to the best of our abilities. For now the market continues to be active and mortgage rate cuts will continue. 

As a client of mine, I know you’ve already done your due diligence and got your mortgage pre- approval letter. If this is not up to date, please contact your mortgage broker (I can refer you to one if need be). This will be required to gain us access to visiting properties. If you choose to move forward with the traditional visit and the seller is accepting, I will send you a declaration form to sign prior to visiting the property.

What I will do
  • I will continue to provide you with property listings that match your criteria in electronic form as usual
  • For a property that could suit your needs, if available we will first provide a virtual tour. If that is not available, I can video conference you from the property.
  • Upon a traditional property showing, the seller will fill the same declaration that you have
  • I will request that the seller not be home
  • I will ensure the property is disinfected prior to the showing
  • I will insist that no other visitors be in the property during the showing
  • I will ask the seller to open interior doors and turn on all lights before our arrival
What I ask of you

In order to keep the public safe and abide by government recommendations: 

  • Let me know immediately if anyone in your home has or has been in direct contact with someone who has tested positive for COVID-19
  • Let me know immediately if anyone in your home has or has been in direct contact with someone who has shown known symptoms of COVID-19
  • I would ask you to wash your hands prior to, during, and after the showing
Inspections

I will ask that you limit your attendance at an inspection to just those on the promise to purchase. My inspectors have agreed to work but we must take their health and safety seriously. I will continue to be present at inspections but will maintain the social distancing measures as much as possible. 

 

At all times you can count on my professionalism, integrity, and devotion in supporting your real estate needs. Please do not hesitate to contact me with any and all of your questions.

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To My Clients & Community: A Note about Listings

LISTINGS (INCLUDING RENTALS)

As always, all of my properties are marketed via centris.ca, royallepage.ca, carlyfridman.com, social media, online marketing and if relevant, online rental sites. For the moment I can continue with my print marketing with mailings and customized brochures. As you know, I always take the time to properly vet direct buyers and communicate with my colleagues to ensure that the property being visited accurately corresponds to the needs of the potential buyer. In addition, I will be offering the following:

  • Matterport 3D video experiences (virtual click-through tours of a property)
  • Virtual visits at a distance using online platforms and video conferencing
  • As always, realistic professional photos of the property
Property Showings

Prior to property showings, I will provide a declaration form to be signed by both parties. Contact me at any time if you would like to view the form. If both parties complete the form and are comfortable, here is how I will proceed with the visit:

  • The showing will be limited to 1 visiting group at a time (max 3 visitors in a group)
  • I will encourage clients if they can, to leave their children and/or elderly parents at home. If they must be present, I will allow alternating time in the property
  • I will ask you to fully disinfect the property between each showing
  • I will request a pre-approval letter for all visitors and confirm their deadline for notary occupancy

As always we will offer e-signatures, video conferencing and telephone calls instead of face-to-face presentations or meetings. I have been in touch with several of my notaries who have offered to do separate signings between buyer and seller. I have offered to pay the additional cost of doing the separate closings if need be.

What I ask of you

In order to keep the public safe and abide by government recommendations: 

  • Let me know immediately if anyone in your home has or has been in direct contact with someone who has tested positive for COVID-19
  • Let me know immediately if anyone in your home has or has been in direct contact with someone who has shown known symptoms of COVID-19
  • I would ask you to avoid being home for all visits even if it means going for a walk or sitting in your car
  • I would ask you to provide disinfectant products for the visitors such as hand sanitizer or wipes
  • I would ask you to ensure the property is disinfected prior to the showing
  • I would ask you to open interior doors and turn on all lights before our arrival

 

At all times you can count on my professionalism, integrity, and devotion in supporting your real estate needs. Please do not hesitate to contact me with any and all of your questions.

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A Note to My Clients & Community

First and foremost, I hope that you are staying safe, healthy, and vigilant during these unprecedented times. 

I imagine that you are all asking yourselves various questions about the impact of COVID-19 not only on the real estate market in general but also on your personal situations. Although the impact of the virus is difficult to measure, the fundamental building blocks of the real estate market remain strong and stable. Often when the stock market is uncertain and experiences turmoil, the investment in tangible goods increases. The necessary closures of our borders will obviously have an impact on our market, though I have been preaching for years that for the general seller, foreign investment does not greatly impact the market.

Our current market is being propelled forward by low interest rates and the simple combination of low supply and high demand. The baby boomer generation is generally more heavily invested in the stock market than the younger generations. This will most likely cause the baby boomers to continue to dig in their heels and resist selling their homes. This will keep the supply low and demand will continue to rise as the borrowing of money becomes advantageous and people who are moving from rentals to first time purchases flood the market as they do every year during the spring.

As always, May, June and July will be extremely busy for the rental market. The majority of tenants will have had to give their notice of renewal by April 1st. This means that they will begin to shop for a new rental or possibly even a new purchase. July 1st still remains the busiest moving day of the year. Though the situation is ever evolving, I have put in place solutions to continue to provide services to both my tenants and landlords as well as all of my clients.

 

Listings

As always, I continue to market listings through digital platforms and print collateral.

For additional services and necessary precautions being taken, click here.

Buyers

You have my full collaboration in continuing to help you in your property search.

For additional services and necessary precautions being taken, click here.

Tenants

Rest assured I will do what I can to find you a property that fits your needs for the July 1st move.

For additional services and necessary precautions being taken, click here.

Those Considering Getting into The Market

If you are at all considering listing your property this spring, do not discount this opportunity.

For additional information, click here.

Homeowners

Whether you have lived in your home for 1 year or 10, rest assured that there are programs and relief being offered by both the government and the banks.

For additional information, click here.

 

 

At all times you can count on my professionalism, integrity, and devotion in supporting your real estate needs. Please do not hesitate to contact me with any and all of your questions.

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Sold in 6 Days! Revenue Property

SOLD – OVER 20 OFFERS RECEIVED
5483-5485 Trans Island Ave., Côtes-Des-Neiges

Duplex full of potential. First time on the market since 1980! Double occupancy available immediately. Large garage. Prime location. 10 minute walk to the blue or orange metro line. Quick access to the highway. Close to shopping and community centre.

 

The spring market is right around the corner!

Whether you’re looking to buy, sell, or simply have questions about your home and the current Montreal market, we look forward to hearing from you.

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New Listing & Open House! Revenue Property

$585,000
5483-5485 Trans Island, Av., Côtes-Des-Neiges, QC

Duplex full of potential. First time on the market since 1980! Double occupancy available immediately. Large garage. Prime location. Don’t miss the opportunity.

  • 10 minute walk to the blue or orange metro line.
  • Quick access to the high-way.
  • Close to shopping and community center.

Notary must be Sandor Steinberg.
No visits before Open House on Sunday March 1 from 2-4 .
Only other visits 3-6 pm on March 2nd BY APPOINTMENT.
All offers must be sent on or before March 3rd at 1pm.
All offers must be open until March 5th at 10 pm.
All offers must be accompanied by a pre-approval or proof of funds letter.

 

OPEN HOUSE THIS SUNDAY, MARCH 1 FROM 2-4pm

Can’t make it to the open house? Schedule an appointment for March 2 between 3-6pm.

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Montreal Remains a Seller’s Market Heading into 2020

 

Just when we thought the market couldn’t shine any brighter, the stats continue to prove us wrong and show that the real estate market will outshine all of the holiday lights this season!

When compared to November of 2018, we saw a 13% increase in home sales with a total of 4084 transactions, according to the Quebec Professional Association of Real Estate Brokers (QPAREB). To go into more detail; condo sales had a huge increase of 21%, single-family home sales rose 11%, and plex sales had a 4% increase.

 

Areas with the most significant rise in sales transactions this past month:

Vaudreuil-Soulanges: 48%
Saint-Jean sur Richelieu: 41%
Laval: 21%
South Shore: 16%
North Shore: 9%
Island of Montreal: 7%

Low inventory means higher prices! It is interesting to note that sales continued to rise despite the diminished supply of homes for sale. Inventory was down 22% from November 2018.

 

In just the last year alone, we have seen higher prices across the board:

Montréal-area single-family median home prices up by 6%
Median condo prices up by 9%
Median plex prices up by 11%

 

What are your 2020 real estate goals?

As the New Year approaches, it will be important for homeowners and buyers to consider the quick sales turnover speed that we’re experiencing. Properties are selling quickly, with this past month’s statistics being relatively unprecedented since 2004. Whether you have questions about your home or if you’d like to discuss your next move, I look forward to hearing from you.

 

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