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Tuesday, November 14, 2017

Reasons why the Canadian Property Market Refuses to Fall: Don Pittis, CBC News




Reasons why the Canadian property market refuses to fall: Don Pittis 

It isn't just Canadians waiting to see tomorrow's latest real estate numbers.

On Wednesday when the Canadian Real Estate Association releases the latest sales statistics and prices for resale homes, it will feel like the whole world is watching.
At the end of last month the Swiss banking giant UBS put both Toronto and Vancouver in the top five of its international bad boy list.
Toronto had the distinction of placing number one on the company's worst global bubble risk, beating out Hong Kong, London and Amsterdam. Vancouver wasn't far behind.

'Fear of missing out'

"Annual price-increase rates of 10 per cent correspond to a doubling of house prices every seven years, which is not sustainable," said the UBS report. "Nevertheless, the fear of missing out on further appreciation predominates among home buyers."
If there's a bubble about to burst, nobody's convinced Canadian buyers or builders. 
A walk past a Toronto open house this weekend was like watching a sugar bowl attacked by ants. The interior of the newly renovated house glowed in the grey afternoon light like a film set as well-off looking couples dipped in for a taste and headed back to their expensive cars.

By the next day a sold sign indicated one set of lucky buyers was now likely saddled with a million-dollar mortgage.
There may be some justification for bidding up the price of a detached brick house near good public transportation. The supply is limited. 
But not far away, construction cranes tower into the sky as workers build more condos. The builders insist they are selling.

Montreal hot too

And Toronto and Vancouver aren't the only hot spots. After provincial governments used a tax on foreign buyers to try to slow overseas demand in those two cities, Montreal has seen a condo sales explosion of its own.
Powered by a surging Quebec economy that has made it a target for foreign cash diverted away from B.C. and Ontario, real estate in the province's business capital is playing catch-up.


So why isn't the latest round of warnings, including one from the Canada Mortgage and Housing Corporation that the Canadian market was "highly vulnerable," having an effect?
Certainly hot international money looking for a safe home must still be having an impact. For example, some analysts have pointed to a resurgence in overseas buying in Vancouver as investors find ways around the tax or merely chalk it up as a cost of doing business.

Safer than bitcoin

If bitcoin, an imagined currency that has no floor value, can continue to attract investors in spite of this past weekend's heart-stopping plunge and recovery, it's no wonder overseas money thinks of Canadian property as a secure investment.
Maybe it's a sign of dangerous times to use bitcoin as a comparison, but if you are choosing between the two, Canadian property easily comes down as the blue chip investment. If the worst were to happen, bitcoin's billions could disappear in a cloud of smoke, but Canadian homes would retain a long-term value.  
Whether it's because investors are sitting on unrented properties or due to soaring domestic need, markets continue to show plenty of unsatisfied demand, especially in areas closer to city centres and near good public transit.
 
Canada's surging economy continues to crank out good quality jobs and well-employed people demand quality accommodation. Besides, people hired in one of Canada's big cities need to find someplace to live whatever the price or quality.
And even if a bubble were to pop and Canadian houses were to experience a real bear market, with a million new immigrants scheduled to arrive in the next three years, there is every reason to expect a long-term return to value.

Cheap rates are getting expensive

As UBS notes in its warning, fear of missing out continues to drive buyers, convinced from years of experience that property prices only go one way — up. Of course if they look back at about a decade's worth of previous warnings they would quickly come to a conclusion warnings are not to be trusted.
Perhaps most important for the prospective homeowner trying to get into this market is that borrowing to buy a house or condo remains dirt cheap. Floating rates remain in the order of two per cent and five-year fixed rates can be as little as three per cent a year. 
Those low rates are deceptive because houses are growing less affordable relative to income as prices continue to rise.
Global inflation is weak and after, two recent increases, Canadian interest rate rises appear to be on hold, so Canadian buyers are getting very little discipline from the market.
Until that happens — and despite the potential consequences — it is unlikely Canadian property buyers will be able to discipline themselves. We'll see tomorrow.
Follow Don on Twitter @don_pittis
 http://www.cbc.ca/news/business/realestate-canada-houses-1.4400092


 

Monday, November 13, 2017

Thinking about Selling?

2631 Rue Stallion, Saint-Lazare
Vendu!
Sold in 17 days!
Listed at $435,000

Now is the time to sell. 
Call us for a free market evaluation. 



The equity in your home is like any other investment. It needs to be monitored. All homeowners should have their equity evaluated once a year. Now may be the perfect time.

La valeur de réalisation réelle de votre propriété est comme tout autre type d’investissement. Il est nécessaire de la contrôler. Tous les propriétaires devraient faire évaluer cet avoir propre une fois l’an. Le moment idéal ne serait-il pas maintenant?



Paul and Diane Laflamme
Royal LePage Village
514.715.4514
 


Thursday, November 2, 2017

Christmas Charity Auction

40th Annual Christmas Charity Auction
Wednesday, November 22nd
Hudson Village Theatre
Begins at 19:00 Hours

On Wednesday, November 22nd, Royal LePage Village Real Estate Brokers will hold their 40th Annual Auction to help raise funds for the "Fireman's Christmas Basket Fund" in collaboration with Le Pont Bridging. Over the past 40 years, thousands of dollars have been raised by the Brokers for this worthwhile cause. This has enabled the Fire Department to purchase and distribute food baskets for the less fortunate in Saint-Lazare, Rigaud, Hudson and Vaudreuil area. 

For you and your friends, it's an opportunity to enjoy an evening of early Christmas shopping and to have some fun while raising much needed funds for your community. Local businesses, merchants, residents and the brokers themselves contribute articles to the event that they have collected and made during the year. Some of the auction items include: golf packages, hockey tickets, restaurant gift cards, home-made baked goods, paintings, toys and hand-painted furniture. The Hudson Village Theatre has again generously offered to host the event and Pridham's Auction House will be our charismatic auctioneers. 

Donations for the auctions are welcome. For more information, please call the Royal LePage office at 450.458.5365. Merry Christmas!

Friday, October 27, 2017

143 Main Road, Hudson: Visite Libre: Dimanche, 29 Octobre





143 Main Road, Hudson
Centris 16737599
$629,000
Visite Libre: Dimanche, 29 Octobre


Fabuleuse maison campagnarde sur terrain privé. Voilà en fait une maison neuve. Basé sur la structure de la maison de ferme originale, le bâtiment maintient l'intégrité d'une maison classique de Hudson. Par la suite, la maison de ferme a été agrandie, grâce à l'addition d'une grange présente sur la propriété. La grange a été soulevée, déplacée et fixée à une fondation en béton et par la suite,  jointe à la maison originale. La présentation extérieure rappelle une maison de ferme centenaire. La maison ceinturée d’une véranda, la terre agricole tout autour et l’intimité de la position en retrait de Main Road, confèrent à cette propriété un charme tout à fait unique.
L’intérieur a été repensé avec grand soin par le propriétaire, un expert dans le remaniement de résidences. En conjuguant pleinement des techniques modernes du bâtiment et en incorporant uniquement les meilleurs matériaux neufs et recyclés, ces procédés ont eu pour résultat de produire une maison unique et renversante. Tout le travail a été effectué par des professionnels. Le mélange et la fluidité d’un design contemporain et de caractéristiques classiques toucheront un acheteur à la recherche d’un chez-soi bien particulier.
Cette maison fait foi de plusieurs caractéristiques d’intérêt : connexion au système d'égouts de Hudson, aménagement paysager exécuté avec grand soin, patio extérieur surdimensionné avec cuisine extérieure, cheminée rebâtie en 2011, comptoirs de cuisine en granit et 3 salles de bains complètes. L'aile est du bâtiment pourrait être utilisée comme un appartement intergénérationnel. Air climatisé à l’aide d’une pompe à chaleur. Vaste chambre principale avec salle de repos et / ou pièce d’enfants. Lumineuse et ensoleillée par la lumière naturelle toute la journée. Le garage complètement aménagé et chauffé avec plancher en céramique pourrait être utilisé comme studio d'artistes. Cette maison représente une opportunité peu commune de posséder une maison qui saura allier le charme vieillot de l'architecture campagnarde aux attributs modernes d'une maison confortable. Contactez l’agent contractant pour une visite sur rendez-vous.


Fabulous country style cottage in private quite location. This is in fact a new home. Based on the frame of the original farmhouse, the building retains the integrity of a classic Hudson home. The farmhouse was then enlarged with the addition of a barn that was on the property. The barn was lifted, moved and placed on a new concrete foundation that was attached to the original house. This provides an exterior look and feel of a 100 year old farmhouse. The wrap around porch, the surrounding farm land, and privacy of the setback from Main Road completes this unique and charming property.

The interior was carefully thought out by the current owner, an experienced home re-modeler. Taking full advantage of modern building techniques and incorporating only the best of new and recycled materials resulted in a unique and stunning home. All work was done by professionals. The blend and flow of the contemporary design and the classic features make this home a must see for the buyer looking for somewhere special to call home.

This home boast many features such as; it is connected to Hudson sewer system, beautifully landscaped, huge outdoor patio with outside kitchen, chimney rebuilt 2011, granite kitchen counters and 3 full bathrooms. The east wing could be used as an inter-generational apartment. Air conditioned with heat pump. Huge master suite with dressing room and / or nursery. Bright and sunny with natural light all day. The fully finished heated garage with ceramic floor could be used as artist’s studio. This house represents a rare opportunity to own a home that blends the charm of old style country architecture with current building techniques and creature comforts. Call the listing agent for a viewing appointment.

Monday, October 2, 2017

2634 Place Belmont, Saint-Lazare

2634 Place Belmont, Saint-Lazare
Centris 23502492
$474,900



Beautiful 3 bedroom family home in Saddlebrook has an open concept main floor. The private fenced backyard has luscious gardens and an inground pool. Features: large country kitchen, living room, dining room, family room, 4 season solarium, 3 season porch, mud room and 2 car garage.
Belle maison de 3 chambres dans Saddlebrook offrant étage principal à concept ouvert. Cour privée clôturée avec beaux jardins et une piscine creusée. Grande cuisine de style campagnard, salon, salle à manger, salle familiale, solarium 4 saisons, véranda 3 saisons, vestiaire et garage 2 voitures.

Inclusions:
Hot water tank, dishwasher, 2 garage door openers + 3 remotes, alarm system, 2 cabanas, pool accessories, fridge, stove, washer, dryer, sprinkler system, propane stove in bedroom.
Réservoir à eau chaude, lave-vaisselle, 2 ouvre-portes de garage + 3 contrôles à distance, système d’alarme, 2 cabanons, accessoires de piscine, réfrigérateur, cuisinière, laveuse, sécheuse, système d’arrosage automatique, poêle au propane dans la chambre à coucher.

Propane tank is leased.
Le réservoir de propane est loué.

Addendum:
A front porch to rock on!
This family home is located in the heart of Saddlebrook on a child safe crescent. It has curb appeal and it has been well maintained.
There is hard wood and ceramic flooring on 2 floors.
The spacious kitchen has lots of counter space and cupboards. It opens onto the dinette and family room.
The living room can be used as a home office and you can entertain in comfort in the dining room.
The cozy fireplace in the family room warms peaceful winter nights. The practical laundry room is in on the main floor.
The master bedroom is generous in size and it has a propane stove, ensuite bathroom and 2 closets.
The 2 other bedrooms are comfortable in size.

Un balcon avant pour se bercer!
Cette maison  est située au coeur de Saddlebrook sur un croissant  sécuritaire pour les enfants. Avec beaucoup d’attrait extérieur elle a été bien entretenue.
Plancher en bois franc et en céramique sur 2 étages.
La cuisine spacieuse a beaucoup d’espace de comptoirs et d’armoires. Elle s'ouvre sur le coin-repas et la salle familiale.
Le salon peut être utilisé comme bureau à domicile et vous pourrez recevoir confortablement dans la salle à manger.
Le foyer dans la salle familiale réchauffe les paisibles soirées d'hiver. La salle de lavage pratique se trouve à l'étage principal.
La chambre principale est de dimension généreuse et dispose d'un poêle au propane, d'une salle de bain attenante et de 2 garde-robes.
Les 2 autres chambres sont de dimensions confortables.

The 2 car garage has room for storage and there is an entry into the mud room.
The backyard is fully fenced and there is an inground pool. The grounds are filled with lovely perennial gardens. You can sit by the pool in the pretty screen in porch. The 4 season solarium is a quiet retreat for those who like to read a good book and enjoy the backyard greenery.
The partially finished basement is high and dry and there is plenty of room for storage.
Le garage 2 voitures dispose d'espace de rangement et une entrée dans le vestiaire.
La cour arrière est entièrement clôturée et il y a une piscine creusée. Le terrain est rempli de beaux jardins de vivaces. Vous pouvez vous asseoir au bord de la piscine dans le joli abri avec moustiquaires. Le solarium 4 saisons sert de retraite paisible pour ceux qui aiment lire un bon livre et profiter de la verdure de la cour arrière.
Le sous-sol partiellement fini est haut et sec et il y a plein d’espace pour le rangement.

Updates:
Heat Pump and Electric Furnace: 2016. $11,784.93
Hot water tank: 2013
Roof: 2009 (no receipts)
Caulking of windows and joints: 2013. $2,220.00

Mises à jour:
Thermopompe et fournaise électrique: 2016. 11 784,93$
Réservoir d'eau chaude: 2013
Toiture: 2009 (pas de reçu)
Calfeutrage des fenêtres et des joints: 2013. 2 220,00$


Sunday, September 3, 2017

56 Birch Hill, Hudson: Vendu!

56 Birch Hill, Hudson
Sold in 5 days!
Vendu! 
Listed at $459,000
Our inventory is low. 
Please call us if you're thinking of selling. 
We'll be happy to help you. 
514.715.4514