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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New Video! Investing in Montreal Instead of Paying Rent

 

Investing in Montreal as a Parent of a Montreal Student

Missed our webinar? Not a problem, we have the full video ready for you to view. Join me as I discuss investing in the Montreal market as a parent of a university or CEGEP student. What are the first steps? What are the benefits of purchasing over renting? If you have any further questions about this topic or about the market in general please do not hesitate to contact me for all your real estate needs.

 

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Reminder : School Taxes are Due Today!

 

Don’t Forget! 1st Installment of School Taxes due Today

Just a quick reminder that your School taxes (1st installment) are due August 2nd 2019 (today). If you have not received you school tax bill you can retrieve the bill online. If you are having trouble retrieving the bill, please let me know and it would be my pleasure to send it to you.

*The bill may not be in your name if you are a new home owner, however you can still pay (and must pay). If you are not familiar on how to pay the first installment, please click here for more information.

Note that the second installment is due October 31st 2019. Please don’t hesitate to contact me if you have any questions.

 

Why I Work by Referral

As a real estate broker, I not only have the privilege of assisting you with one of your most precious assets but also helping you find a place to call your own personal sanctuary. I don’t take a transactional approach to sales.

A huge component of my long-term success relies on satisfied clients and the referrals that those satisfied clients bring. If someone you know is looking to sell or buy a home, I would be happy to provide them with the same expert advice and service you received. I would be very grateful if you could take 30 seconds to complete a short survey.

 

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Breakfast Television Segment! Is the affordable housing plan realistic?

 

BT Montreal : Is the affordable housing plan realistic?
How are the proposed government changes going to affect first time buyers?

This morning on Breakfast Television I was able to share some Montreal real estate insights, including information on Valerie Plante’s 20-20-20 affordable housing plan and whether or not this will be an effective solution to the current rental and housing crisis. Thank you to the BT team and Joanne Vrakas. Click here to view the full interview!

 

Want to know more?

The City of Montreal’s new housing rules will require developers to build social and affordable housing, or otherwise contribute to a fund that will finance social housing. Learn more First-time home buyer? You may qualify for the new CMHC program. Read here

 

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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!

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Breakfast Television Segment! Tips for First-Time Home Buyers

 

Breakfast Television : Tips for First-Time Home Buyers

This week I was able to share some of Montreal’s real estate dos and don’ts on Breakfast Television. How the new CHMC/RRSP affects first time buyers and what some of the steps are to prepare yourself to compete in this sellers market. Thank you to the BT team and Joanne Vrakas.

 

Happy Easter & Passover!

Wishing you a happy Easter and a joyful and healthy Passover. Warmest thoughts and wishes to you and your family on this occasion. Spring is here, contact me today for a home evaluation! What are your real estate goals for 2019? 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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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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Home Staging Tips!

 

The Do’s and Don’ts of Preparing your Home to Sell

by Maxine Foldiak

The first thing you should do when starting to prepare your home to sell is to DE-CLUTTER! There is nothing worse than walking into a room and not knowing where to look. This rule applies to both furniture and objects. A mantle above a fireplace should only have 3 to 5 items at most, unless it’s a multitude of small picture frames or certain valuable pieces that one may have collected over time. Your life doesn’t need to be on display. I suggest having a garage sale, this will help you not only de-clutter your current home, but it will allow you to trim down ahead of a move. People need to be able to envision themselves living in your home, and if you live in chaos and clutter, it is very hard for people to see past all that mess. Getting rid of items throughout a home that either don’t belong within the space or items that do not serve a purpose will allow for a better viewing experience and hopefully will allow for you to sell your home quickly.

Number two is to neutralize the palette of the home. In some cases, people love a vibrant blue dining room paired with a ruby red bedroom and a powder room covered in floral wallpaper. But when selling your home, you want to appeal to more than a few potential buyers.  And yes, people say that a little paint can fix anything and as a designer I very much agree. When you are selling you want people to walk in and remember how amazing the finishes were, how beautiful the original wood work is, the original moldings that carry throughout, the hardwood floors and large tiles, the size of the rooms etc.…Unfortunately, many people cannot see past the aesthetics of a home and they harp on things that can easily be changed.  It is your job as the homeowner to help showcase your house in the best light.  If you have a neutral palette that carries throughout the home, people will focus more on the character of the home and the things that truly matter.

Curious about tips 3 and 4?

Click below to read the full article in my Fall 2018 Newsletter.

FULL ARTICLE & MORE!

 

What’s going on in Montreal Real Estate?

Here are some recent articles and fun links to click on.

 

Intrigued by the luxury lifestyle of Tour des Canadiens 3? Contact me if you have any questions about the townhouse and penthouse suite properties in TDC 3. The surroundings of the Bell Centre and Windsor Station will be entirely transformed by the luxurious design of the future Quad Windsor Skybridge of TDC 2 and TDC 3.

READ ARTICLE

‘Plexes are officially the most in-demand property in Montreal.  Montreal’s ‘plex market is performing better than any other property type and the real estate market as a whole currently sits firmly in seller’s market territory, according to the latest Centris stats.

READ ARTICLE

Looking for new retailers who sell affordable trendy furnishings?  Apartment Therapy has you covered with 7 unexpected sources for all your furniture needs. If you’re searching for some elevated decorative accents that won’t cost you an arm and a leg, click below!

READ ARTICLE

 

 

Contact me today to discuss your real estate goals.

 

 

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Your Fall 2018 Market Guide

Your Guide to the Montreal Market

How do you stack the cards in your favour in this sellers market? What are the most important things to remember when preparing your home to sell? My fall market report has you covered. Browse through this info-packed guide, and as always, contact me should you have any further questions or want to discuss your real estate goals.

 

VIEW THE MARKET REPORT

 

Prefer a physical copy?

If you’d like to receive a printed copy of the Fall 2018 report in the mail, contact me and we’ll make it happen! Signing up to the newsletter means that you’ll be steps ahead of the pack when looking to buy or sell. Plus, who doesn’t love some good old fashioned snail mail!

 

Want to make sure you stay in the loop?

Subscribe to my weekly newsletter for exclusive info and updates!

 

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