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BROKERAGE
SALES - PURCHASES
Real Estate Brokerage Service.
Our properties are listed on CENTRIS, MLS and REALTOR.
We are members of the Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ) & the Quebec Professional Association of Real Estate Brokers.
APPRAISALS
SELLING - SHARING VALUES - LEGAL - ESTATES
Professionnal Real Estate Appraisals.
Our expertise in real estate appraisals can ensure our customers' best interest with optimal results. Our reports are conform to the standings and expectations of The Quebec Chartered Board of Appraiser's Association.
REAL ESTATE NEWS
Home sales down in February
March 6th, 2023
Montreal’s residential properties sales drop last month to an historic low for the month of February. The majority of the houses were still trading at or slightly above the posted price, indicated Monday the Association professionnelle des courtiers immobiliers du Québec (APCIQ).
A total of 2,966 homes changed hands in February in the Montréal census metropolitan area, compared to 4,375 in the same month last year, the APCIQ said.
The number of properties listed for sale continued to grow in February, up 64% from last year. A total of 15,893 registrations were inscribed in the Greater Montreal last month, which was slightly higher than the pre-pandemic level of February 2020 according to the APCIQ .
Median property prices were down again from February 2022, particularly in the small income property category (plexes, two- to five-unit buildings), where they fell by 8%. Residential houses prices dropped by 6%, while condominiums fell by 4%.
Home sales are dropping: prices are not
CTV News, Montreal
January 8, 2023
Due to higher interest rates, Montreal home sales are down by nearly 40 per cent since last year -- but the same can't be said for home prices, which appear to be holding strong.
Economist Stephanie LaPierre says raised interest rates have buyers and sellers in wait-and-see mode.
"People are trying to see what is the best move to do for me: 'Do I sell, do I buy house right now, or not?' So what we see is a slow-down in the market," said LaPierre, an economist with Quebec's association of real estate brokers (APCIQ).
While sales numbers are down, prices don't appear to be falling along with them.
2023 will be a better year for buyers compared to pandemic years, when bidding wars often drove prices well above asking.
Those days appear to be over -- but he also doesn't expect prices to fall dramatically.
"In Quebec, we'll probably be looking more at a balanced market. In certain neighbourhoods, we'll probably end up seeing a buyers market start to occur, which is good."
A massive market correction
Macleans
December 6, 2022
House prices will fall, but rents will rise
Home prices are plummeting, but that doesn’t mean housing is getting cheaper. Interest rates will keep mortgage payments lofty, while rents will continue to climb as supply remains tight. Some provinces, like B.C., have imposed caps on rent increases in 2023, but with costs already sky-high, critics don’t think the measure goes far enough. According to the Toronto Regional Real Estate Board, the average cost of a one-bedroom apartment in Toronto has gone up 20 per cent year-over-year (it’s now $2,481 a month), while rental listings have declined 25.6 per cent. The situation will likely get worse. The number of renters across the country is growing more quickly than owners, especially in cities like Montreal, Quebec City and Halifax, where well over 50 per cent of new dwellings built since 2016 are rented.