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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Protect Your Investment! How to winterize your home

 

As temperatures begin to dip (drastically), your home will require maintenance to keep it in optimum shape throughout the season. From the furnace to the gutters to the landscaping—and many places in between—winterizing helps protect your investment while keeping you comfortable. You can take many steps to winterize your home.

 

1. Furnace Inspection

Your first order of business is to call a professional to inspect your furnace and clean ducts. It’s also a good idea to stock up on furnace filters and change them monthly. If your home is heated by a hot-water radiator, bleed the valves by opening them slightly and when water appears, close them. Remember to remove all flammable material from the area surrounding your furnace.

2. Check the Exterior, Doors, and Windows

This step is critical for your health and safety. Inspect the exterior for crevice cracks and exposed entry points around pipes; seal them. Use weatherstripping around doors to prevent cold air from entering the home, and caulk windows. If your home has a basement, consider protecting its window wells by covering them with plastic shields. Remove summer screens.

3. Inspect Roof, Gutters, and Downspouts

Adding extra insulation to the attic will prevent warm air from creeping to your roof and causing ice dams. Check flashing to ensure water can’t enter your home. Consider replacing worn roof shingles or tiles. Make sure to keep receipts for the resell of your home. Clean out the gutters and use a hose to spray water down the downspouts to clear away debris.

4. Service Weather-Specific Equipment

These measures help you keep tools ready when you will inevitably need them. Service or tune-up snow blowers. Replace worn rakes and snow shovels. Sharpen ice choppers and buy bags of ice-melt or sand. For equipment that you use in the other seasons, like a lawn mower, make sure to drain the gas to avoid rust.

5. Check Foundations 

Rake away all debris and edible vegetation from the foundation. Seal up entry points or cracks to keep small animals from crawling under and into the house. Mice can slip through space as thin as a dime. Secure crawlspace entrances.

6. Prevent Plumbing Freezes

Locate your water main in the event you need to shut it off in an emergency. Drain all garden hoses. Insulate exposed plumbing pipes. Drain air conditioner pipes, and if your AC has a water shut-off valve, turn it off. If you go on vacation, leave the heat on, set to at least +14 degrees.

7. Prepare Landscaping and Outdoor Surfaces

Trim trees if branches hang too close to the house or electrical wires. Seal driveways, brick patios, and wood decks. Remember to move sensitive potted plants indoors or to a sheltered area. You can also plan ahead for spring. Plant spring flower bulbs and lift bulbs that cannot winter over, such as dahlias, in areas where the ground freezes.

8. Prepare an Emergency Kit 

Predicting a long winter. Buy indoor candles and matches or a lighter for use during a power outage. Buy a battery backup to protect your computer and sensitive electronic equipment. Store extra bottled water and non-perishable food supplies (including pet food, if you have a pet), blankets, and a first-aid kit in a dry and easy-to-access location.

Now, not only are you prepared but you’ve also unknowingly covered all the important bases as you should every year to maintain your home and ultimately your investment!

Article courtesy of The Balance.

 

What are your real estate goals for the new year? 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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Significant Price Reduction & Open House! 3775 Grey Ave.

Westmount Adjacent Home with Westmount Land

Bright & sunny Westmount adj. semi-detached. Well maintained. Large kitchen with walk-in pantry & breakfast nook over looking patio & beautiful private garden. Large dining room open to the living room perfect for entertaining. Ground floor powder-room. 4 bedrooms. semi finished basement with full bath & laundry room. Driveway & 2-car garage. A/C.

3775 Grey Avenue, Montreal QC
Price: $1,395,000

 

Open House Sunday April 28 from 2-4pm

Come take a look for yourself!

 

Can’t make it to the open house?

Contact me today to book a private viewing!

Book an appointment

 

 

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Your Spring 2019 Market Guide

Your Guide to the Montreal Market

Inform yourself with everything you need to know this spring with my newsletter. Learn about supply and demand, the strength of this year’s market, the increase of overall sales, prices and mortgage rates. Learn about the strength of this year’s market and increase in overall sales, as well as how to weigh the pros and cons of condo life.

Most importantly, get a sneak peak into my newest strategy of the year, expanding my team to include two residential real estate brokers. I have expanded my reach to serve you better. Browse through my info-packed guide and contact me today for an evaluation, or if you’d like to make a move in buying, selling, renting, or investing in real estate.

 

View the Market Report

 

Prefer a physical copy?

If you’d like to receive a printed copy of the Spring 2019 report in the mail,
contact me and we’ll make it happen! Receiving the newsletter means that
you’ll be steps ahead of the pack when looking to buy or sell.

 

 

 

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Room half-painted with paint can and brush

Paint: A Buyer’s Guide

The type of room you’re painting is the determining factor in your choice of paint. A room that receives a lot of sun will require a paint that is resistant to fading or discolouration, while a bathroom with high humidity levels requires a paint that protects against mould. For high-traffic areas, such as hallways and kitchens, a paint that is easy to clean is essential.

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