Let’s pray for the swift
healing of all those who are sick.
Thursday, March 26, 2020
Thursday, March 19, 2020
Update - COVID-19
Message from Dominic St-Pierre, Vice-President and General Manager, Royal LePage, Quebec
At this critical stage of containing the coronavirus, media and consumers are watching how corporate Canada is responding. Royal LePage is proud of how quickly our brokerages have stepped up to the challenge.
The market
The real estate market remains relatively active in a majority of regions. Although, we foresee a reduced demand as some sellers may not wish to encourage visitors. Many buyers who have sold their property now must find a home. Some investors will then turn to real estate to off balance stock markets. We will continue to monitor market activity over the coming days, weeks and months. Of course, it is important that you continue to serve your clients, while leading by the example by following best practices to contribute to eradicating the spread.
Sincerely,
Dominic St-Pierre
Vice President and General Manager, Quebec region
At this critical stage of containing the coronavirus, media and consumers are watching how corporate Canada is responding. Royal LePage is proud of how quickly our brokerages have stepped up to the challenge.
The market
The real estate market remains relatively active in a majority of regions. Although, we foresee a reduced demand as some sellers may not wish to encourage visitors. Many buyers who have sold their property now must find a home. Some investors will then turn to real estate to off balance stock markets. We will continue to monitor market activity over the coming days, weeks and months. Of course, it is important that you continue to serve your clients, while leading by the example by following best practices to contribute to eradicating the spread.
Sincerely,
Dominic St-Pierre
Vice President and General Manager, Quebec region
Wednesday, March 18, 2020
Financial Relief in the context of COVID-19.
Dear Family, Friends and Clients,
In this update, we felt relevant to share some of the most recent measures put in place by the federal and provincial governments for individuals and businesses to offer financial relief in the context of COVID-19.
We are also sharing information about the measures taken so far by financial institutions to remove the financial burden for their clients.
Government of Canada
Coronavirus disease (COVID-19): Resources for Canadian businesses
https://www.tradecommissioner.gc.ca/campaign-campagne/ressources-entreprises-COVID-19-business-resources.aspx?lang=eng
CHMC
Government of Canada Announces Further Measures to Support Continued Lending to Canadian Consumers and Businesses
https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2020/measures-support-continued-lending-canadian-consumers-businesses
BDC
Support for entrepreneurs impacted by the coronavirus COVID-19
https://www.bdc.ca/en/pages/special-support.aspx?special-initiative=covid19
Government of Quebec
Mesures d'assouplissement pour les citoyens et les entreprises (available in French only)
http://www.fil-information.gouv.qc.ca/Pages/Article.aspx?aiguillage=ajd&lang=fr&idArticle=2803176195
Financial institutions
Most financial institutions are offering a six-month relief to their clients. For more details, read the section below.
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/
Stay safe and be healthy,
Diane + Paul Laflamme
Royal LePage Village
514.715.4514
Tuesday, March 17, 2020
Happy St. Patrick's Day!
Happy St. Patrick's Day!
A sunbeam to warm you,
good luck to charm you.
A sheltering angel, so nothing can harm you. Laughter to cheer you,
good luck to charm you.
A sheltering angel, so nothing can harm you. Laughter to cheer you,
faithful friends near you and whenever you pray, heaven to harm you.
Saturday, March 7, 2020
85 15th Street, Roxboro: Vendu!
85 15th Street, Roxboro
Quebec, Canada
Vendu!
Sold in 8 days!
3 offers!
The owner has lived in this family home for over 60 years! It's been a pleasure working with this family. We're the lucky ones.
The owner has lived in this family home for over 60 years! It's been a pleasure working with this family. We're the lucky ones.
Call Diane + Paul Laflamme
Royal LePage Village
514.715.4514
Tuesday, March 3, 2020
Montreal is sexy
'Montreal is sexy' and its housing market is expected
to break records in 2020
Quebec as a whole is outperforming
the rest of Canada. Yet housing affordability has deteriorated and is now
approaching “critical levels,” an economist warns.
Updated: January 23, 2020
Get ready for another strong year in
Montreal real estate.
Residential property sales in the
greater Montreal area are set to climb six per cent this year to a record
54,600 units, according to a forecast released Thursday by the Quebec
Professional Association of Real Estate Brokers. The group, which represents
more than 12,700 brokers and agencies, is also forecasting six-per-cent
increases in condominium and single-family home prices for 2020.
“Montreal has entered a phase of
exuberance,” Charles Brant, the association’s head of market research, said
Thursday at a presentation attended by property brokers and reporters. “There is a clear lack of supply.”
A record 51,329 properties were sold
in greater Montreal last year, a 10-per-cent jump from 2018, the association
said, citing data from the Centris system. This marked the fifth consecutive
annual increase of more than five per cent. The transactions had a combined
value of $20.3 billion, 15 per cent more than in 2018.
Full employment, rising disposable
income, low interest rates, positive migratory flows and government incentives
for home ownership are all contributing to the expected growth in real-estate
demand. Still, an anticipated slowdown in economic growth — combined with
labour shortages — could negatively impact job creation and prevent Quebec’s
economy from reaching its full potential, the association said.
Activity last year was particularly sustained in some outlying
municipalities, as evidenced by increases of 21 per cent in
St-Jean-sur-Richelieu, 15 per cent on the South Shore and 14 per cent on the
North Shore. Sales in Laval jumped 13 per cent, outstripping the four-per-cent
gain posted by the island of Montreal.
All major property types recorded
price increases. Plexes, defined as properties of two to five dwellings, rose
seven per cent to a median price of $550,000. Single-family home prices
advanced six per cent, to $340,000, with condominium prices climbing five per
cent to $267,900.
Housing affordability in Montreal
has deteriorated and is now approaching “critical levels,” Hélène Bégin,
economist at Mouvement Desjardins, told attendees. The city’s residential
market is showing signs of overheating, and
“a risk of overvaluation exists, though we’re not there yet,” Brant added.
Bidding wars are now an inescapable
reality, especially in the central neighbourhoods. Thirty-nine percent of
single-family homes sold in Rosemont last year elicited bidding wars, while the
proportion in Villeray was 36 per cent, Brant said, citing QPAREB data.
Non-residents now account for about
15 per cent of all residential transactions in the downtown core, Brant said.
The figure reflects Montreal’s newfound popularity among
foreign investors, according to Patrice Groleau, who owns the McGill
Immobilier and Engel & Volkers real-estate agencies.
“There’s never been this much money
in Montreal,” Groleau said at the event. “Montreal is sexy. People from all
over the world want to come and live here.”
Anecdotally, Groleau said one of his
brokers recently took on his first $1-million property mandate
in Hochelaga-Maisonneuve, which has traditionally been one of Montreal’s
poorest districts.
Quebec as a whole is outperforming
the rest of Canada. Residential property sales in the province rose 12 per cent
last year, with median prices for single-family homes climbing four per cent,
compared with increases of six per cent and 2.5 per cent respectively for all
of Canada.
More than 96,500 residential
properties changed hands in Quebec last year, a new record, and QPAREB predicts
the 2020 total will top the 100,000 mark for the first time as median prices
for single-family homes advance five per cent.
Active listings across the province
fell 12 per cent in 2019, settling at the lowest level since 2010. It took an
average of 97 days to sell a home in the province, the smallest figure since
2012. Montreal-area properties sold even faster, averaging 71 days on the
market, amid a 19-per-cent plunge in active listings.
Those numbers firmly put Montreal —
and all of Quebec — into “seller’s market”
territory. A region or area is deemed to be a seller’s market when fewer than
eight months are required to sell the housing inventory.
Thursday, February 27, 2020
Winter Wonderland
Call Diane + Paul Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
Connected to your community
Branchés sur votre
communauté
Tuesday, February 25, 2020
627 Main Road: Visite Libre, March 1st
627 Main Road, Hudson
$465,000
Centris 14500776
Visite Libre: Sunday, March 1st
14:00 to 16:00
Diane + Paul Laflamme
Royal LePage Village
514.715.4514
86 Elm, Hudson: Visite Libre: March 1st.
86 Elm, Hudson
$440,000
Open House: Sunday, March 1st
14:00 to 16:00
Please drop in!
Diane + Paul Laflamme
Royal LePage Village
514.715.4514
Thursday, February 13, 2020
85 15th Rue, Roxboro: O/House, Feb 16th, 2020
85 15th Rue, Roxboro
Centris 18845762
$419,000
Visite Libre: Dimanche
February 16th
13:00 - 16:00
Diane + Paul Laflamme
Courtiers immobiliers
Royal LePage Village
514.715.4514
Tuesday, January 28, 2020
77 Wilkinson, Hudson is sold!
77 Wilkinson, Hudson
Vendu!
Listed at $399,000
Diane + Paul Laflamme
Courtiers immobilier
Royal LePage Village
514.715.4514
Call us for a FREE Market Evaluation!
Thank you to Collaborating Broker,
Ryan-Lubell Smith for a smooth transaction.
Saturday, January 25, 2020
Housing Market is expected to break records in 2020.
Montreal is sexy and its housing market is expected to break records in 2020.
https://youtu.be/XIGZU1ELguw
Quebec as a whole is outperforming the rest of Canada. Yet housing affordability has deteriorated and is now approaching “critical levels,” an economist warns.
Frédéric Tomesco
Updated: January 23, 2020
Get ready for another strong year in Montreal real estate.
Residential property sales in the greater Montreal area are set to climb six per cent this year to a record 54,600 units, according to a forecast released Thursday by the Quebec Professional Association of Real Estate Brokers. The group, which represents more than 12,700 brokers and agencies, is also forecasting six-per-cent increases in condominium and single-family home prices for 2020.
“Montreal has entered a phase of exuberance,” Charles Brant, the association’s head of market research, said Thursday at a presentation attended by property brokers and reporters. “There is a clear lack of supply.”
A record 51,329 properties were sold in greater Montreal last year, a 10-per-cent jump from 2018, the association said, citing data from the Centris system. This marked the fifth consecutive annual increase of more than five per cent. The transactions had a combined value of $20.3 billion, 15 per cent more than in 2018.
Full employment, rising disposable income, low interest rates, positive migratory flows and government incentives for home ownership are all contributing to the expected growth in real-estate demand. Still, an anticipated slowdown in economic growth — combined with labour shortages — could negatively impact job creation and prevent Quebec’s economy from reaching its full potential, the association said.
Activity last year was particularly sustained in some outlying municipalities, as evidenced by increases of 21 per cent in St-Jean-sur-Richelieu, 15 per cent on the South Shore and 14 per cent on the North Shore. Sales in Laval jumped 13 per cent, outstripping the four-per-cent gain posted by the island of Montreal.
All major property types recorded price increases. Plexes, defined as properties of two to five dwellings, rose seven per cent to a median price of $550,000. Single-family home prices advanced six per cent, to $340,000, with condominium prices climbing five per cent to $267,900.
Housing affordability in Montreal has deteriorated and is now approaching “critical levels,” Hélène Bégin, economist at Mouvement Desjardins, told attendees. The city’s residential market is showing signs of overheating, and “a risk of overvaluation exists, though we’re not there yet,” Brant added.
Bidding wars are now an inescapable reality, especially in the central neighbourhoods. Thirty-nine percent of single-family homes sold in Rosemont last year elicited bidding wars, while the proportion in Villeray was 36 per cent, Brant said, citing QPAREB data.
Non-residents now account for about 15 per cent of all residential transactions in the downtown core, Brant said. The figure reflects Montreal’s newfound popularity among foreign investors, according to Patrice Groleau, who owns the McGill Immobilier and Engel & Volkers real-estate agencies.
“There’s never been this much money in Montreal,” Groleau said at the event. “Montreal is sexy. People from all over the world want to come and live here.”
Anecdotally, Groleau said one of his brokers recently took on his first $1-million property mandate in Hochelaga-Maisonneuve, which has traditionally been one of Montreal’s poorest districts.
Quebec as a whole is outperforming the rest of Canada. Residential property sales in the province rose 12 per cent last year, with median prices for single-family homes climbing four per cent, compared with increases of six per cent and 2.5 per cent respectively for all of Canada.
More than 96,500 residential properties changed hands in Quebec last year, a new record, and QPAREB predicts the 2020 total will top the 100,000 mark for the first time as median prices for single-family homes advance five per cent.
Active listings across the province fell 12 per cent in 2019, settling at the lowest level since 2010. It took an average of 97 days to sell a home in the province, the smallest figure since 2012. Montreal-area properties sold even faster, averaging 71 days on the market, amid a 19-per-cent plunge in active listings.
Those numbers firmly put Montreal — and all of Quebec — into “seller’s market” territory. A region or area is deemed to be a seller’s market when fewer than eight months are required to sell the housing inventory.
ftomesco@postmedia.com
https://youtu.be/XIGZU1ELguw
Quebec as a whole is outperforming the rest of Canada. Yet housing affordability has deteriorated and is now approaching “critical levels,” an economist warns.
Frédéric Tomesco
Updated: January 23, 2020
Get ready for another strong year in Montreal real estate.
Residential property sales in the greater Montreal area are set to climb six per cent this year to a record 54,600 units, according to a forecast released Thursday by the Quebec Professional Association of Real Estate Brokers. The group, which represents more than 12,700 brokers and agencies, is also forecasting six-per-cent increases in condominium and single-family home prices for 2020.
“Montreal has entered a phase of exuberance,” Charles Brant, the association’s head of market research, said Thursday at a presentation attended by property brokers and reporters. “There is a clear lack of supply.”
A record 51,329 properties were sold in greater Montreal last year, a 10-per-cent jump from 2018, the association said, citing data from the Centris system. This marked the fifth consecutive annual increase of more than five per cent. The transactions had a combined value of $20.3 billion, 15 per cent more than in 2018.
Full employment, rising disposable income, low interest rates, positive migratory flows and government incentives for home ownership are all contributing to the expected growth in real-estate demand. Still, an anticipated slowdown in economic growth — combined with labour shortages — could negatively impact job creation and prevent Quebec’s economy from reaching its full potential, the association said.
Activity last year was particularly sustained in some outlying municipalities, as evidenced by increases of 21 per cent in St-Jean-sur-Richelieu, 15 per cent on the South Shore and 14 per cent on the North Shore. Sales in Laval jumped 13 per cent, outstripping the four-per-cent gain posted by the island of Montreal.
All major property types recorded price increases. Plexes, defined as properties of two to five dwellings, rose seven per cent to a median price of $550,000. Single-family home prices advanced six per cent, to $340,000, with condominium prices climbing five per cent to $267,900.
Housing affordability in Montreal has deteriorated and is now approaching “critical levels,” Hélène Bégin, economist at Mouvement Desjardins, told attendees. The city’s residential market is showing signs of overheating, and “a risk of overvaluation exists, though we’re not there yet,” Brant added.
Bidding wars are now an inescapable reality, especially in the central neighbourhoods. Thirty-nine percent of single-family homes sold in Rosemont last year elicited bidding wars, while the proportion in Villeray was 36 per cent, Brant said, citing QPAREB data.
Non-residents now account for about 15 per cent of all residential transactions in the downtown core, Brant said. The figure reflects Montreal’s newfound popularity among foreign investors, according to Patrice Groleau, who owns the McGill Immobilier and Engel & Volkers real-estate agencies.
“There’s never been this much money in Montreal,” Groleau said at the event. “Montreal is sexy. People from all over the world want to come and live here.”
Anecdotally, Groleau said one of his brokers recently took on his first $1-million property mandate in Hochelaga-Maisonneuve, which has traditionally been one of Montreal’s poorest districts.
Quebec as a whole is outperforming the rest of Canada. Residential property sales in the province rose 12 per cent last year, with median prices for single-family homes climbing four per cent, compared with increases of six per cent and 2.5 per cent respectively for all of Canada.
More than 96,500 residential properties changed hands in Quebec last year, a new record, and QPAREB predicts the 2020 total will top the 100,000 mark for the first time as median prices for single-family homes advance five per cent.
Active listings across the province fell 12 per cent in 2019, settling at the lowest level since 2010. It took an average of 97 days to sell a home in the province, the smallest figure since 2012. Montreal-area properties sold even faster, averaging 71 days on the market, amid a 19-per-cent plunge in active listings.
Those numbers firmly put Montreal — and all of Quebec — into “seller’s market” territory. A region or area is deemed to be a seller’s market when fewer than eight months are required to sell the housing inventory.
ftomesco@postmedia.com
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