Rented in 6 days!
1443 Place Moise-Therrien
Apt. 8
Saint-Lazare, Quebec
Listed at $1,550 per month
Diane + Paul Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
Friday, April 19, 2019
Wednesday, April 10, 2019
369 Woodcroft, Hudson, Quebec, Canada: Vendu!
369 Woodcroft, Hudson
Quebec, Canada
Listed t $670,000
Vendu!
Diane + Paul Laflamme
Courtiers immobilier
Royal LePage Village
514.715.4514
Thursday, April 4, 2019
VENDU!
1361 Rue des Cascades
Saint-Lazare
Vendu!
Listed at $449,000
Diane + Paul Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
Sluggish Start to 2019 Provides Silver Lining for First-Time Home Buyers in the Country's Largest Cities
Sluggish Start to 2019 Provides Silver Lining for First-time Home Buyers in the Country’s Largest Cities
TORONTO, April 4, 2019 – According to the Royal LePage House Price Survey[1] released today, Canada’s residential real estate market showed slowing year-over-year price growth in the first quarter of 2019.
Early in 2018, Canada experienced the most significant housing correction since the 2008 financial crisis. Markets showed signs of recovery late in the year, yet the figures for early 2019 suggest that the market has once again slowed.
The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation’s largest real estate markets, showed that the price of a home in Canada increased just 2.7 per cent year-over-year to $621,575 in the first quarter of 2019, well below the long-term norm of approximately 5 per cent. When broken out by housing type, the median price of a two-storey home rose 2.6 per cent year-over-year to $729,553, while the median price of a bungalow rose 1.1 per cent year-over-year to $513,497. Condominiums remained the fastest growing housing type on a national basis, rising 5.4 per cent year-over-year to $447,260.
Looking ahead to the second quarter, Royal LePage expects national home prices to stay relatively flat throughout the 2019 spring market, with the national aggregate price of a home increasing 1.0 per cent over the next three months. Meanwhile, the housing markets in several larger Canadian cities have shown noticeable signs of slowing, with nearly half of the regions in Royal LePage’s Quarterly Forecast[2] anticipating quarter-over-quarter price declines. Notably, Royal LePage is expecting home prices in Greater Vancouver to fall 1.4 per cent over the next quarter. Ottawa is expected to post the highest price appreciation during the spring market and is forecast to rise 2.8 per cent to $482,459 during the second quarter.
“We are expecting this to be a sluggish year overall in Canada’s residential real estate market, with the hangover from the 2018 market correction and weaker economic growth acting as a drag on home price appreciation, balanced by lower for longer interest rates,” said Phil Soper, president and CEO, Royal LePage. “There is a silver lining here. This slowdown gives buyers, and first-time buyers in particular, an opportunity to buy real estate in our country’s largest cities.”
The global economy hit a soft spot entering the new year. The economic downturns in China and Germany, ongoing trade disputes, and slowing U.S. growth support a relatively muted global outlook. The upside for the Canadian housing market is the increased likelihood that interest rate hikes are on hold for the foreseeable future.
“Canada is certainly affected by negative global macroeconomic trends, yet full-time job creation in our country is very strong, and full-time employment turns renters into buyers,” said Soper. “The medium-term outlook for housing remains very positive.”
In the federal budget tabled by Finance Minister Bill Morneau in March, the Canadian government announced three new or enhanced housing programs. The First-Time Home Buyer Incentive is a three-year, $1.25 billion shared equity mortgage program whereby the Canadian Housing and Mortgage Corporation (CMHC) will co-invest up to five per cent of the purchase price of an existing home. Further, for the first time in a decade, there was an increase in the registered retirement savings plan withdrawal limits in the Home Buyers Plan. The increase, from $25,000 to $35,000, was the largest since the program’s inception in 1992. Finally, an additional $10 billion in financing over nine years was earmarked for the construction of purpose-built rental housing.
“Like many government initiatives, the new housing programs have supporters and critics,” said Soper. “Prospective home buyers and the hundreds of thousands of Canadians who directly or indirectly earn their living from real estate activity should remember that there were many policy areas competing for attention. In 2019, housing captured the attention and support of federal lawmakers, which is a welcome and necessary development.
Some critics believe that the narrowly focused federal housing initiatives will overstimulate already expensive markets. We disagree. Eroding affordability risks taking the dream of homeownership away from young Canadian families,” said Soper. “Without a healthy influx of first-time buyers, the entire cycle of real estate activity can stall. There is the chance, however, that activity levels in the spring of 2019 will be reduced as some delay purchases, waiting for the First-Time Home Buyer Incentive to kick-in.”
Driven by supply-side shortages, and augmented by an improving job market, home price appreciation in Ontario heavily influenced the national results in the first quarter of 2019. If Ontario is excluded from the Royal LePage National House Price Composite, Canadian price appreciation would sit at a modest 0.4 per cent increase compared to 2.7 per cent.
“The City of Toronto is still one of Canada’s fastest appreciating real estate markets,” said Soper. “Detached home prices are rising in line with inflation, but condominium prices are increasing at near double-digit levels as vertical living has become the primary new-build option in this growing, world-class city.”
Median home prices in the City of Toronto rose 5.8 per cent year-over-year in the first quarter of 2019. Two-storey home prices and bungalow home prices rose 4.8 per cent and 2.5 per cent year-over-year, respectively, while condo prices rose a weighty 9.3 per cent year-over-year. The overall GTA’s aggregate home price rose 3.4 per cent over the same period.
Real estate values in Ontario’s Golden Horseshoe region continued to appreciate at a brisk clip, as local economies grew and workers from the GTA looked to trade commuting time for lower house prices. Niagara/St. Catharines, Hamilton, and Kitchener/Waterloo/Cambridge aggregate prices were up by 6.9 per cent, 6.3 per cent and 8.9 per cent, respectively.
In eastern Ontario, Ottawa home prices appreciated by 7.7 per cent year-over-year. One of the principal advanced technology regions in North America, and home to much of the federal government’s labour force, household formation in the national capital region has been robust. The aggregate price of a home in Ottawa has now surpassed that of Calgary for the first time, a trend unforeseen five years ago.
Other notable price increases for Ontario cities include Kingston at 10.3 per cent increase, and in western Ontario, London and Windsor both experienced double-digit home price increases, rising 10.7 per cent and 12.4 per cent year-over-year, respectively.
While the overall provincial economy remains strong in British Columbia, its housing market remains vulnerable as government intervention continues to drive down real estate activity. For the first time since 2012, Greater Vancouver home prices declined year-over-year, with the aggregate price dipping 1.5 per cent for the first quarter of 2019 to $1,239,306, while overall listing volumes are increasing.
“The Greater Vancouver area remains one of the most desirable places to live in the world. Population growth is driving household formation and employment levels high. Yet policy intervention has induced a drop in home sales to levels not seen in three decades,” Soper said. “Hammering consumer confidence and artificially choking off demand with a series of new taxes and restrictive regulations doesn’t eliminate the need for new housing, it simply sidelines families in the short-term and fuels a disruptive boom-bust cycle.”
Some of the most desirable regions in Greater Vancouver are seeing home price declines. Properties in the region’s higher-end markets like West Vancouver, North Vancouver, Burnaby, and the City of Vancouver are all declining in price offering buyers seeking luxury housing a rare window of opportunity to enter some of Canada’s highest priced markets.
Despite a recent rally in world oil prices, activity levels in the Canadian energy sector remain muted. While it is unlikely that the province will enter a technical recession, economic activity in Alberta is forecast to remain sluggish. The aggregate price of a home in Calgary, Edmonton, and Fort McMurray fell marginally by 1.5 per cent, 1.0 per cent, and 0.8 per cent to $468,974, $371,782 and $576,211, respectively.
In the first quarter of 2019, the aggregate price of a home in the Greater Montreal Area increased 5.5 per cent year-over-year to $406,332. The rate of home price appreciation in the Greater Montreal Area once again surpassed rates seen in the GTA (3.4 per cent), Greater Vancouver (-1.5 per cent) and the national average (2.7 per cent). All three reported housing types saw gains this quarter, with median home prices for two-storey homes, bungalows, and condominiums rising 6.4 per cent to $514,412, 3.7 per cent to $316,159 and 5.2 per cent to $328,488, respectively.
Economic activity in Atlantic Canada remains a mixed bag. Prince Edward Island is seeing solid economic growth, but persistently high unemployment rates have resulted in an aggregate price increase for a Charlottetown home of only 0.7 per cent year-over-year to $288,230. The demographics in Nova Scotia are favourable, as the province is benefiting from higher immigration and interprovincial migration numbers, and the region has a strong export sector. The aggregate price for a home in Halifax increased 1.6 per cent year-over-year to $318,733.
Meanwhile, the outlook for New Brunswick is mixed, with forecasters anticipating gains from an improving commodity sector will offset a declining population and an 8.5 per cent unemployment rate. In the first quarter, the aggregate price of a home in Saint John increased 1.9 per cent year-over-year to $213,290, while the aggregate price for a home in Moncton decreased 1.3 per cent year-over-year to $192,185. Similarly, the economy in Newfoundland and Labrador is sending mixed signals, as the current unemployment rate is 11.8 per cent but natural resource projects like the syndicate-operated Hebron Project, Husky’s White Rose oil field, and Vale’s Voisey’s Bay nickel mine are all expected to ramp up production. The aggregate price of a home in St. John’s decreased 5.6 per cent year-over-year to $324,955.
Read more about regional trends here.
Aggregated regions and the Royal LePage National House Price Composite (.PDF)
Q2 2019 Royal LePage Quarter-over-Quarter Forecast (.PDF)
About the Royal LePage House Price Survey
The Royal LePage House Price Survey provides information on the three most common types of housing in Canada, in 63 of the nation’s largest real estate markets. Housing values in the House Price Survey are based on the Royal LePage National House Price Composite, produced quarterly through the use of company data in addition to data and analytics from its sister company, RPS Real Property Solutions, the trusted source for residential real estate intelligence and analytics in Canada. Commentary on housing and forecast values are provided by Royal LePage residential real estate experts, based on their opinions and market knowledge.
About Royal LePage
Serving Canadians since 1913, Royal LePage is the country’s leading provider of services to real estate brokerages, with a network of more than 18,000 real estate professionals in more than 600 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women’s and children’s shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE.
TORONTO, April 4, 2019 – According to the Royal LePage House Price Survey[1] released today, Canada’s residential real estate market showed slowing year-over-year price growth in the first quarter of 2019.
Early in 2018, Canada experienced the most significant housing correction since the 2008 financial crisis. Markets showed signs of recovery late in the year, yet the figures for early 2019 suggest that the market has once again slowed.
The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation’s largest real estate markets, showed that the price of a home in Canada increased just 2.7 per cent year-over-year to $621,575 in the first quarter of 2019, well below the long-term norm of approximately 5 per cent. When broken out by housing type, the median price of a two-storey home rose 2.6 per cent year-over-year to $729,553, while the median price of a bungalow rose 1.1 per cent year-over-year to $513,497. Condominiums remained the fastest growing housing type on a national basis, rising 5.4 per cent year-over-year to $447,260.
Looking ahead to the second quarter, Royal LePage expects national home prices to stay relatively flat throughout the 2019 spring market, with the national aggregate price of a home increasing 1.0 per cent over the next three months. Meanwhile, the housing markets in several larger Canadian cities have shown noticeable signs of slowing, with nearly half of the regions in Royal LePage’s Quarterly Forecast[2] anticipating quarter-over-quarter price declines. Notably, Royal LePage is expecting home prices in Greater Vancouver to fall 1.4 per cent over the next quarter. Ottawa is expected to post the highest price appreciation during the spring market and is forecast to rise 2.8 per cent to $482,459 during the second quarter.
“We are expecting this to be a sluggish year overall in Canada’s residential real estate market, with the hangover from the 2018 market correction and weaker economic growth acting as a drag on home price appreciation, balanced by lower for longer interest rates,” said Phil Soper, president and CEO, Royal LePage. “There is a silver lining here. This slowdown gives buyers, and first-time buyers in particular, an opportunity to buy real estate in our country’s largest cities.”
The global economy hit a soft spot entering the new year. The economic downturns in China and Germany, ongoing trade disputes, and slowing U.S. growth support a relatively muted global outlook. The upside for the Canadian housing market is the increased likelihood that interest rate hikes are on hold for the foreseeable future.
“Canada is certainly affected by negative global macroeconomic trends, yet full-time job creation in our country is very strong, and full-time employment turns renters into buyers,” said Soper. “The medium-term outlook for housing remains very positive.”
In the federal budget tabled by Finance Minister Bill Morneau in March, the Canadian government announced three new or enhanced housing programs. The First-Time Home Buyer Incentive is a three-year, $1.25 billion shared equity mortgage program whereby the Canadian Housing and Mortgage Corporation (CMHC) will co-invest up to five per cent of the purchase price of an existing home. Further, for the first time in a decade, there was an increase in the registered retirement savings plan withdrawal limits in the Home Buyers Plan. The increase, from $25,000 to $35,000, was the largest since the program’s inception in 1992. Finally, an additional $10 billion in financing over nine years was earmarked for the construction of purpose-built rental housing.
“Like many government initiatives, the new housing programs have supporters and critics,” said Soper. “Prospective home buyers and the hundreds of thousands of Canadians who directly or indirectly earn their living from real estate activity should remember that there were many policy areas competing for attention. In 2019, housing captured the attention and support of federal lawmakers, which is a welcome and necessary development.
Some critics believe that the narrowly focused federal housing initiatives will overstimulate already expensive markets. We disagree. Eroding affordability risks taking the dream of homeownership away from young Canadian families,” said Soper. “Without a healthy influx of first-time buyers, the entire cycle of real estate activity can stall. There is the chance, however, that activity levels in the spring of 2019 will be reduced as some delay purchases, waiting for the First-Time Home Buyer Incentive to kick-in.”
Driven by supply-side shortages, and augmented by an improving job market, home price appreciation in Ontario heavily influenced the national results in the first quarter of 2019. If Ontario is excluded from the Royal LePage National House Price Composite, Canadian price appreciation would sit at a modest 0.4 per cent increase compared to 2.7 per cent.
“The City of Toronto is still one of Canada’s fastest appreciating real estate markets,” said Soper. “Detached home prices are rising in line with inflation, but condominium prices are increasing at near double-digit levels as vertical living has become the primary new-build option in this growing, world-class city.”
Median home prices in the City of Toronto rose 5.8 per cent year-over-year in the first quarter of 2019. Two-storey home prices and bungalow home prices rose 4.8 per cent and 2.5 per cent year-over-year, respectively, while condo prices rose a weighty 9.3 per cent year-over-year. The overall GTA’s aggregate home price rose 3.4 per cent over the same period.
Real estate values in Ontario’s Golden Horseshoe region continued to appreciate at a brisk clip, as local economies grew and workers from the GTA looked to trade commuting time for lower house prices. Niagara/St. Catharines, Hamilton, and Kitchener/Waterloo/Cambridge aggregate prices were up by 6.9 per cent, 6.3 per cent and 8.9 per cent, respectively.
In eastern Ontario, Ottawa home prices appreciated by 7.7 per cent year-over-year. One of the principal advanced technology regions in North America, and home to much of the federal government’s labour force, household formation in the national capital region has been robust. The aggregate price of a home in Ottawa has now surpassed that of Calgary for the first time, a trend unforeseen five years ago.
Other notable price increases for Ontario cities include Kingston at 10.3 per cent increase, and in western Ontario, London and Windsor both experienced double-digit home price increases, rising 10.7 per cent and 12.4 per cent year-over-year, respectively.
While the overall provincial economy remains strong in British Columbia, its housing market remains vulnerable as government intervention continues to drive down real estate activity. For the first time since 2012, Greater Vancouver home prices declined year-over-year, with the aggregate price dipping 1.5 per cent for the first quarter of 2019 to $1,239,306, while overall listing volumes are increasing.
“The Greater Vancouver area remains one of the most desirable places to live in the world. Population growth is driving household formation and employment levels high. Yet policy intervention has induced a drop in home sales to levels not seen in three decades,” Soper said. “Hammering consumer confidence and artificially choking off demand with a series of new taxes and restrictive regulations doesn’t eliminate the need for new housing, it simply sidelines families in the short-term and fuels a disruptive boom-bust cycle.”
Some of the most desirable regions in Greater Vancouver are seeing home price declines. Properties in the region’s higher-end markets like West Vancouver, North Vancouver, Burnaby, and the City of Vancouver are all declining in price offering buyers seeking luxury housing a rare window of opportunity to enter some of Canada’s highest priced markets.
Despite a recent rally in world oil prices, activity levels in the Canadian energy sector remain muted. While it is unlikely that the province will enter a technical recession, economic activity in Alberta is forecast to remain sluggish. The aggregate price of a home in Calgary, Edmonton, and Fort McMurray fell marginally by 1.5 per cent, 1.0 per cent, and 0.8 per cent to $468,974, $371,782 and $576,211, respectively.
In the first quarter of 2019, the aggregate price of a home in the Greater Montreal Area increased 5.5 per cent year-over-year to $406,332. The rate of home price appreciation in the Greater Montreal Area once again surpassed rates seen in the GTA (3.4 per cent), Greater Vancouver (-1.5 per cent) and the national average (2.7 per cent). All three reported housing types saw gains this quarter, with median home prices for two-storey homes, bungalows, and condominiums rising 6.4 per cent to $514,412, 3.7 per cent to $316,159 and 5.2 per cent to $328,488, respectively.
Economic activity in Atlantic Canada remains a mixed bag. Prince Edward Island is seeing solid economic growth, but persistently high unemployment rates have resulted in an aggregate price increase for a Charlottetown home of only 0.7 per cent year-over-year to $288,230. The demographics in Nova Scotia are favourable, as the province is benefiting from higher immigration and interprovincial migration numbers, and the region has a strong export sector. The aggregate price for a home in Halifax increased 1.6 per cent year-over-year to $318,733.
Meanwhile, the outlook for New Brunswick is mixed, with forecasters anticipating gains from an improving commodity sector will offset a declining population and an 8.5 per cent unemployment rate. In the first quarter, the aggregate price of a home in Saint John increased 1.9 per cent year-over-year to $213,290, while the aggregate price for a home in Moncton decreased 1.3 per cent year-over-year to $192,185. Similarly, the economy in Newfoundland and Labrador is sending mixed signals, as the current unemployment rate is 11.8 per cent but natural resource projects like the syndicate-operated Hebron Project, Husky’s White Rose oil field, and Vale’s Voisey’s Bay nickel mine are all expected to ramp up production. The aggregate price of a home in St. John’s decreased 5.6 per cent year-over-year to $324,955.
Read more about regional trends here.
Aggregated regions and the Royal LePage National House Price Composite (.PDF)
Q2 2019 Royal LePage Quarter-over-Quarter Forecast (.PDF)
About the Royal LePage House Price Survey
The Royal LePage House Price Survey provides information on the three most common types of housing in Canada, in 63 of the nation’s largest real estate markets. Housing values in the House Price Survey are based on the Royal LePage National House Price Composite, produced quarterly through the use of company data in addition to data and analytics from its sister company, RPS Real Property Solutions, the trusted source for residential real estate intelligence and analytics in Canada. Commentary on housing and forecast values are provided by Royal LePage residential real estate experts, based on their opinions and market knowledge.
About Royal LePage
Serving Canadians since 1913, Royal LePage is the country’s leading provider of services to real estate brokerages, with a network of more than 18,000 real estate professionals in more than 600 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women’s and children’s shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE.
Diane & Paul Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
Sunday, February 24, 2019
2740 Rue Steeplechase, Saint-Lazare: Vendu!
2740 Rue Steeplechase
Saint-Lazare, QC, Canada
Vendu!
Listed at $439,000
Listed and sold by
Diane and Paul Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
Thursday, February 21, 2019
Royal LePage Forecasts Healthy Price Appreciation For Luxury Real Estate
Royal LePage Forecasts Healthy Price Appreciation for Luxury Real
Estate in the Greater Toronto Area, Greater Montreal Area and Ottawa
Toronto, February 21, 2019
– The median price of a luxury property in the Greater Toronto Area,
Greater Montreal Area and Ottawa saw healthy price appreciation over
twelve months ending January 31, 2019 compared to the previous twelve
month period.[1]
Luxury condominiums in the Greater Toronto Area posted the highest
year-over-year price appreciation, rising 10.2 per cent to $2,268,571,
followed by luxury condominiums in the Greater Montreal Area, which rose
8.4 per cent year-over-year to $1,295,401.
“For a second year in a row, luxury condos in Toronto and Montreal have made significant gains in price appreciation and we expect this trend to continue through 2019, however, at a more modest pace in Toronto,” said Kevin Somers, Chief Operating Officer, Royal LePage Real Estate Services Limited.
Across Canada’s five largest cities, Greater Vancouver was the only city to post a decline in median luxury home prices. The number of luxury houses trading hands declined over the past two years, a trend that initially began with the introduction of measures to cool the city’s real estate market in 2016. Luxury home values have dipped but remain remarkably steady as many Vancouverites refuse to sell at what they perceive as a discount. Exasperating soft demand, Chinese nationals, an important luxury buyer demographic, have seen restrictions placed on their ability to transfer wealth to Canada.
While sales remained low throughout 2018 in Greater Vancouver, luxury house sales in the Greater Toronto Area decreased a more modest 3.6 per cent year-over-year from June 1, 2018 through January 31, 2019. However, as a result of low sales activity during the 2018 spring market, luxury house sales in Greater Vancouver and the Greater Toronto Area declined 50.5 per cent and 40.0 per cent, respectively, during the twelve month period ending January 31, 2019. During the same period, luxury condominium sales in Greater Vancouver decreased 32.2 per cent, while luxury condominiums in the Greater Toronto Area decreased 3.4 per cent.
“Compared to last year, we are expecting an increase in luxury sales activity in both Greater Vancouver and the Greater Toronto Area,” said Somers. “Price reductions and increased selection in Greater Vancouver are expected to stimulate the luxury property market while an expected return to more normal activity in the Greater Toronto Area will be a marked improvement over last year’s spring market.”
Greater Toronto Area
The median price of a luxury condo in the GTA outpaced luxury houses and condos in Canada’s five largest cities; Significant year-over-year decline in luxury house sales was limited to the 2018 spring market
Luxury house prices in the Greater Toronto Area returned to healthy gains indicating that the effects of measures targeting foreign buyers within the Ontario Fair Housing Plan have now been absorbed by the luxury property market. While foreign buyers represent a small segment of buyers in the GTA, the introduction of the measures had stifled consumer confidence among local buyers dampening house prices.
The median price of a luxury house rose 3.1 per cent to $3,575,702 year-over-year during the twelve-month period ending January 31, 2019 compared to the same period the previous year. Meanwhile, the median price of a luxury condominium surged 10.2 per cent year-over-year to $2,268,571 during the same period, which was the highest median price gain seen in both luxury housing types across Canada’s largest five cities.
“While demand for luxury houses softened last spring, demand for luxury condominiums remained consistent and strong. This demand quickly put upward pressure on luxury condo prices because the inventory for luxury condo buyers isn’t there. We have a shortage of luxury three bedroom listings with the finishes and amenities that buyers are looking for,” said Elli Davis, sales representative, Royal LePage Real Estate Services Ltd.
Luxury house sales for the full twelve-month period showed a stark contrast leading up to and during the spring market compared to the remainder of the year, while luxury condominium sales remained fairly consistent compared to the prior year. For the twelve months analyzed, luxury house sales decreased 40.0 per cent, however, when examining sales from June 1, 2018 to January 31, 2019 to the same period the year prior, sales decreased a more modest 3.6 per cent. For the full twelve-month period, luxury condominium sales decreased 3.4 per cent compared to the year prior.
“Toronto’s luxury home market has regained its momentum and we are expecting a more active spring market than last year with the exception of a few quiet pockets,” said Davis. “Generally speaking, demand for luxury property is stronger in the city of Toronto compared to its surrounding areas.”
When looking to the next twelve months, the median price of a luxury house in the Greater Toronto Area is forecast to increase 3.2 per cent year-over-year to $3,691,700, while the median price of a luxury condominium is forecast to increase 5.4 per cent to $2,390,405 at the end of January 2020. Luxury house sales are expected to benefit from a more active spring market while luxury condominium sales are expected to be consistent with the year prior.
Greater Montreal Area
Luxury condominium sales outpace luxury detached house sales in the GMA.
The Greater Montreal Area’s luxury property market showed continued momentum in both prices and sales mirroring its healthy economy and overall real estate market. The median price of a luxury house rose 5.4 per cent to $1,680,942 year-over-year during a twelve-month period ending January 31, 2019 compared to the same period the previous year. Meanwhile, the median price of a luxury condominium surged 8.4 per cent year-over-year to $1,295,401 during the same period.
Among the factors that are impacting luxury prices and sales in Montreal, low inventory ranks first in the luxury detached market according to Marie-Yvonne Paint, real estate broker, Royal LePage Heritage.
“Provincial measures to dampen foreign buyer activity in Toronto and Vancouver have increased demand for luxury property in Montreal, but this demand is mostly seen within the downtown condo market,” said Paint. “We are seeing an increase in demand for presale condo units where investors will buy several units to benefit from a discount.”
During the twelve months ending January 31, 2019, the Greater Montreal Area’s luxury house sales climbed 21.4 per cent year-over-year, while luxury condominium sales in the region surged 28.9 per cent, outpacing the detached luxury segment.
While the luxury condominium market is showing exceptional strength, there is still an excellent selection of listings available, with approximately 350 resale units available in February 2019.
For buyers looking to purchase their first luxury home, Montreal has a lot to offer.
“As a first-time luxury home buyer, the Montreal luxury condo market offers great diversity. Developers are building condos based on the city population, family status and household wealth, often reserving about 30 per cent of their building for luxury units. This is perfectly suitable for those wanting to enjoy luxury living with typical condo amenities and lower maintenance fees. Condominiums that are predominantly luxury units often have significantly higher fees because there are fewer units and more luxury amenities,” added Paint.
When looking to the next twelve months, the median price of a luxury house in the Greater Montreal Area is forecast to increase 6.6 per cent year-over-year to $1,792,037, while the median price of a luxury condominium is forecast to increase 7.7 per cent to $1,395,056 at the end of January 2020.
Greater Vancouver
Region’s median home prices for both luxury houses and condominiums dip after sustained low sales activity
In the twelve-month period ending January 31, 2019, the median price of a luxury house in Greater Vancouver decreased 1.7 per cent year-over-year to $5,751,928, while the median price of a luxury condominium decreased 0.6 per cent to $2,680,064. Despite ongoing year-over-year low sales volume, luxury home prices were steady leading up to September 2018. In the last four months of 2018 and into 2019, sellers who were no longer able to wait out low demand began accepting reduced offers, which put downward pressure on home prices.
“We have a growing number of buyers sitting on the sidelines watching prices, but they are also concerned about the unpredictability of government regulation and whether right now is the best time to buy,” said Brock Smeaton, sales representative, Royal LePage Sussex.
Sales of luxury houses declined for a second year, decreasing 50.5 per cent year-over-year during the twelve-month period studied while luxury condominium sales decreased 32.2 per cent year-over-year.
“Luxury properties in Greater Vancouver are softening in price, but the lower-end luxury market is faring better than the upper-end,” added Smeaton. “For buyers considering the city’s most luxurious properties, it is a great time to buy in terms of price and selection.”
When looking to the next twelve months, the median price of a luxury home in Greater Vancouver is forecast to decrease 7.1 per cent year-over-year to $5,341,936, while the median price of a luxury condominium is forecast to decrease 3.7 per cent to $2,580,115. Sales are forecast to increase modestly as price reductions and excellent selection of inventory are expected to stimulate market activity.
Calgary
Calgary’s luxury house market forecast to see modest price appreciation
The median price of a luxury house in Calgary increased 3.2 per cent to $2,012,676 year-over-year during the twelve months ending January 31, 2019. Meanwhile, the median price of a luxury condominium remained relatively flat, rising 0.5 per cent year-over-year to $903,106 during the same period.
“While Calgary’s luxury condo market is still showing some softness, our luxury house market has stabilized after years of sustained low prices,” said John Hripko, associate broker, Royal LePage Benchmark. “However, some of the median price appreciation gain can be attributed to a relatively healthier upper-end luxury property market while price reductions to lower-priced luxury properties have pushed some listings out of the luxury category.”
During the twelve-month period ending January 31, 2019, sales of luxury houses increased 10.3 per cent from the year before, while condominium sales decreased 18.6 per cent.
“Overall, Calgary’s luxury home market today is very different from the days when the price of oil was near its peak, however, there is still good demand for luxury houses in central communities on the south-side such as Elbow Park, Mount Royal and Brittania, among others,” said Hripko. “It’s been years since Calgary’s luxury home prices first corrected and listing prices typically reflect current market value.”
When looking to the next twelve months, the median price of a luxury home in Calgary is forecast to increase 1.3 per cent year-over-year to $2,039,564, while the median price of a luxury condominium is forecast to modestly decrease 0.6 per cent to $898,047. Sales for both luxury houses and condos are forecast to be flat.
Ottawa
Ottawa’s luxury home market forecast to continue to appreciate after a year of healthy price gains and sales
Ottawa’s luxury home market posted a second year of healthy price appreciation during the twelve months ending January 31, 2019. The median price of a luxury house in Ottawa increased 5.0 per cent year-over-year to $1,811,716 compared to the same period the previous year. Meanwhile, the median price of a luxury condominium increased 3.8 per cent year-over-year to $1,005,549 during the same period.
“While the typical luxury buyer in Ottawa is usually a local buyer who will live in the property, there is a strong sentiment among buyers that Ottawa’s luxury home market is a sound financial investment,” said Charles Sezlik, sales representative, Royal LePage Team Realty. “The local economy is doing well, spurred by our booming technology sector, which is creating both wealth and jobs in the region. In addition to a growing buyer demographic, Ottawa’s luxury home market is benefitting from healthy consumer confidence.”
Sezlik added that compared to luxury home prices in other Canadian major real estate markets, Ottawa still has considerable room to grow.
“The lower end of the luxury market is very competitive. A good listing in a good location will not stay on the market long,” said Sezlik. “Luxury properties priced over 2 million had a slower start at the beginning of 2018 but demand quickened in the second half of the year. We are seeing this demand continue through the start of 2019 and expect another year of healthy sales and price appreciation.”
During the twelve months ending January 31, 2019, Ottawa’s luxury house sales were flat year-over-year, however, luxury house sales more than doubled compared to two years prior, rising from 26 sales to 60 sales.
When looking ahead, the median price of a luxury house in Ottawa is forecast to increase 4.2 per cent year-over-year to $1,887,624, while the median price of a luxury condominium is forecast to increase 3.1 per cent to $1,036,747 in the next twelve months.
Luxury real estate segment price appreciation in Canada’s five largest cities (.pdf)
About the Royal LePage Carriage Trade Luxury Properties Market Release
The Royal LePage Carriage Trade Luxury Properties Luxury Market Release provides information on the two most common types of luxury housing in Canada using lower thresholds of three times the median value of each segment relative to the overall property type’s median home value in that city. Real estate values use company data in addition to data and analytics from its sister company, RPS Real Property Solutions, the trusted source for residential real estate intelligence and analytics in Canada. Commentary on real estate markets are provided by Royal LePage residential luxury real estate experts, based on their opinions and market knowledge. Sales data is compiled by Royal LePage through the Toronto Real Estate Board, Greater Montreal Real Estate Board, Real Estate Board of Greater Vancouver, Ottawa Real Estate Board and Calgary Real Estate Board.
Lower thresholds used for detached luxury homes: Greater Toronto Area ($3,092,476), Greater Montreal Area ($1,235,266), Greater Vancouver ($4,705,050), Calgary ($1,669,041), and Ottawa ($1,420,331). Lower thresholds used for luxury condominiums: Greater Toronto Area ($1,543,909), Greater Montreal Area ($1,002,778), Greater Vancouver ($1,979,978), Calgary ($875,285), and Ottawa ($890,253).
About Royal LePage
Serving Canadians since 1913, Royal LePage is the country’s leading provider of services to real estate brokerages, with a network of more than 18,000 real estate professionals in more than 600 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women’s and children’s shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services company, a TSX-listed corporation trading under the symbol TSX:BRE.
- Greater Toronto Area’s luxury condo market sees highest price appreciation across Canada’s five largest cities over twelve-month period
- Greater Montreal Area’s luxury property market forecast to see the strongest appreciation rate looking across Canada’s five largest cities
- The median price of a luxury house in Greater Vancouver is forecast to decrease 7.1 per cent, or approximately $410,000
- Luxury house prices in Calgary stabilize and see modest lift while luxury condo prices remain soft over twelve-month period
- Ottawa’s luxury property market posts healthy price appreciation over twelve-month period
Toronto, February 21, 2019
– The median price of a luxury property in the Greater Toronto Area,
Greater Montreal Area and Ottawa saw healthy price appreciation over
twelve months ending January 31, 2019 compared to the previous twelve
month period.[1]
Luxury condominiums in the Greater Toronto Area posted the highest
year-over-year price appreciation, rising 10.2 per cent to $2,268,571,
followed by luxury condominiums in the Greater Montreal Area, which rose
8.4 per cent year-over-year to $1,295,401.“For a second year in a row, luxury condos in Toronto and Montreal have made significant gains in price appreciation and we expect this trend to continue through 2019, however, at a more modest pace in Toronto,” said Kevin Somers, Chief Operating Officer, Royal LePage Real Estate Services Limited.
Across Canada’s five largest cities, Greater Vancouver was the only city to post a decline in median luxury home prices. The number of luxury houses trading hands declined over the past two years, a trend that initially began with the introduction of measures to cool the city’s real estate market in 2016. Luxury home values have dipped but remain remarkably steady as many Vancouverites refuse to sell at what they perceive as a discount. Exasperating soft demand, Chinese nationals, an important luxury buyer demographic, have seen restrictions placed on their ability to transfer wealth to Canada.
While sales remained low throughout 2018 in Greater Vancouver, luxury house sales in the Greater Toronto Area decreased a more modest 3.6 per cent year-over-year from June 1, 2018 through January 31, 2019. However, as a result of low sales activity during the 2018 spring market, luxury house sales in Greater Vancouver and the Greater Toronto Area declined 50.5 per cent and 40.0 per cent, respectively, during the twelve month period ending January 31, 2019. During the same period, luxury condominium sales in Greater Vancouver decreased 32.2 per cent, while luxury condominiums in the Greater Toronto Area decreased 3.4 per cent.
“Compared to last year, we are expecting an increase in luxury sales activity in both Greater Vancouver and the Greater Toronto Area,” said Somers. “Price reductions and increased selection in Greater Vancouver are expected to stimulate the luxury property market while an expected return to more normal activity in the Greater Toronto Area will be a marked improvement over last year’s spring market.”
Greater Toronto Area
The median price of a luxury condo in the GTA outpaced luxury houses and condos in Canada’s five largest cities; Significant year-over-year decline in luxury house sales was limited to the 2018 spring market
Luxury house prices in the Greater Toronto Area returned to healthy gains indicating that the effects of measures targeting foreign buyers within the Ontario Fair Housing Plan have now been absorbed by the luxury property market. While foreign buyers represent a small segment of buyers in the GTA, the introduction of the measures had stifled consumer confidence among local buyers dampening house prices.
The median price of a luxury house rose 3.1 per cent to $3,575,702 year-over-year during the twelve-month period ending January 31, 2019 compared to the same period the previous year. Meanwhile, the median price of a luxury condominium surged 10.2 per cent year-over-year to $2,268,571 during the same period, which was the highest median price gain seen in both luxury housing types across Canada’s largest five cities.
“While demand for luxury houses softened last spring, demand for luxury condominiums remained consistent and strong. This demand quickly put upward pressure on luxury condo prices because the inventory for luxury condo buyers isn’t there. We have a shortage of luxury three bedroom listings with the finishes and amenities that buyers are looking for,” said Elli Davis, sales representative, Royal LePage Real Estate Services Ltd.
Luxury house sales for the full twelve-month period showed a stark contrast leading up to and during the spring market compared to the remainder of the year, while luxury condominium sales remained fairly consistent compared to the prior year. For the twelve months analyzed, luxury house sales decreased 40.0 per cent, however, when examining sales from June 1, 2018 to January 31, 2019 to the same period the year prior, sales decreased a more modest 3.6 per cent. For the full twelve-month period, luxury condominium sales decreased 3.4 per cent compared to the year prior.
“Toronto’s luxury home market has regained its momentum and we are expecting a more active spring market than last year with the exception of a few quiet pockets,” said Davis. “Generally speaking, demand for luxury property is stronger in the city of Toronto compared to its surrounding areas.”
When looking to the next twelve months, the median price of a luxury house in the Greater Toronto Area is forecast to increase 3.2 per cent year-over-year to $3,691,700, while the median price of a luxury condominium is forecast to increase 5.4 per cent to $2,390,405 at the end of January 2020. Luxury house sales are expected to benefit from a more active spring market while luxury condominium sales are expected to be consistent with the year prior.
Greater Montreal Area
Luxury condominium sales outpace luxury detached house sales in the GMA.
The Greater Montreal Area’s luxury property market showed continued momentum in both prices and sales mirroring its healthy economy and overall real estate market. The median price of a luxury house rose 5.4 per cent to $1,680,942 year-over-year during a twelve-month period ending January 31, 2019 compared to the same period the previous year. Meanwhile, the median price of a luxury condominium surged 8.4 per cent year-over-year to $1,295,401 during the same period.
Among the factors that are impacting luxury prices and sales in Montreal, low inventory ranks first in the luxury detached market according to Marie-Yvonne Paint, real estate broker, Royal LePage Heritage.
“Provincial measures to dampen foreign buyer activity in Toronto and Vancouver have increased demand for luxury property in Montreal, but this demand is mostly seen within the downtown condo market,” said Paint. “We are seeing an increase in demand for presale condo units where investors will buy several units to benefit from a discount.”
During the twelve months ending January 31, 2019, the Greater Montreal Area’s luxury house sales climbed 21.4 per cent year-over-year, while luxury condominium sales in the region surged 28.9 per cent, outpacing the detached luxury segment.
While the luxury condominium market is showing exceptional strength, there is still an excellent selection of listings available, with approximately 350 resale units available in February 2019.
For buyers looking to purchase their first luxury home, Montreal has a lot to offer.
“As a first-time luxury home buyer, the Montreal luxury condo market offers great diversity. Developers are building condos based on the city population, family status and household wealth, often reserving about 30 per cent of their building for luxury units. This is perfectly suitable for those wanting to enjoy luxury living with typical condo amenities and lower maintenance fees. Condominiums that are predominantly luxury units often have significantly higher fees because there are fewer units and more luxury amenities,” added Paint.
When looking to the next twelve months, the median price of a luxury house in the Greater Montreal Area is forecast to increase 6.6 per cent year-over-year to $1,792,037, while the median price of a luxury condominium is forecast to increase 7.7 per cent to $1,395,056 at the end of January 2020.
Greater Vancouver
Region’s median home prices for both luxury houses and condominiums dip after sustained low sales activity
In the twelve-month period ending January 31, 2019, the median price of a luxury house in Greater Vancouver decreased 1.7 per cent year-over-year to $5,751,928, while the median price of a luxury condominium decreased 0.6 per cent to $2,680,064. Despite ongoing year-over-year low sales volume, luxury home prices were steady leading up to September 2018. In the last four months of 2018 and into 2019, sellers who were no longer able to wait out low demand began accepting reduced offers, which put downward pressure on home prices.
“We have a growing number of buyers sitting on the sidelines watching prices, but they are also concerned about the unpredictability of government regulation and whether right now is the best time to buy,” said Brock Smeaton, sales representative, Royal LePage Sussex.
Sales of luxury houses declined for a second year, decreasing 50.5 per cent year-over-year during the twelve-month period studied while luxury condominium sales decreased 32.2 per cent year-over-year.
“Luxury properties in Greater Vancouver are softening in price, but the lower-end luxury market is faring better than the upper-end,” added Smeaton. “For buyers considering the city’s most luxurious properties, it is a great time to buy in terms of price and selection.”
When looking to the next twelve months, the median price of a luxury home in Greater Vancouver is forecast to decrease 7.1 per cent year-over-year to $5,341,936, while the median price of a luxury condominium is forecast to decrease 3.7 per cent to $2,580,115. Sales are forecast to increase modestly as price reductions and excellent selection of inventory are expected to stimulate market activity.
Calgary
Calgary’s luxury house market forecast to see modest price appreciation
The median price of a luxury house in Calgary increased 3.2 per cent to $2,012,676 year-over-year during the twelve months ending January 31, 2019. Meanwhile, the median price of a luxury condominium remained relatively flat, rising 0.5 per cent year-over-year to $903,106 during the same period.
“While Calgary’s luxury condo market is still showing some softness, our luxury house market has stabilized after years of sustained low prices,” said John Hripko, associate broker, Royal LePage Benchmark. “However, some of the median price appreciation gain can be attributed to a relatively healthier upper-end luxury property market while price reductions to lower-priced luxury properties have pushed some listings out of the luxury category.”
During the twelve-month period ending January 31, 2019, sales of luxury houses increased 10.3 per cent from the year before, while condominium sales decreased 18.6 per cent.
“Overall, Calgary’s luxury home market today is very different from the days when the price of oil was near its peak, however, there is still good demand for luxury houses in central communities on the south-side such as Elbow Park, Mount Royal and Brittania, among others,” said Hripko. “It’s been years since Calgary’s luxury home prices first corrected and listing prices typically reflect current market value.”
When looking to the next twelve months, the median price of a luxury home in Calgary is forecast to increase 1.3 per cent year-over-year to $2,039,564, while the median price of a luxury condominium is forecast to modestly decrease 0.6 per cent to $898,047. Sales for both luxury houses and condos are forecast to be flat.
Ottawa
Ottawa’s luxury home market forecast to continue to appreciate after a year of healthy price gains and sales
Ottawa’s luxury home market posted a second year of healthy price appreciation during the twelve months ending January 31, 2019. The median price of a luxury house in Ottawa increased 5.0 per cent year-over-year to $1,811,716 compared to the same period the previous year. Meanwhile, the median price of a luxury condominium increased 3.8 per cent year-over-year to $1,005,549 during the same period.
“While the typical luxury buyer in Ottawa is usually a local buyer who will live in the property, there is a strong sentiment among buyers that Ottawa’s luxury home market is a sound financial investment,” said Charles Sezlik, sales representative, Royal LePage Team Realty. “The local economy is doing well, spurred by our booming technology sector, which is creating both wealth and jobs in the region. In addition to a growing buyer demographic, Ottawa’s luxury home market is benefitting from healthy consumer confidence.”
Sezlik added that compared to luxury home prices in other Canadian major real estate markets, Ottawa still has considerable room to grow.
“The lower end of the luxury market is very competitive. A good listing in a good location will not stay on the market long,” said Sezlik. “Luxury properties priced over 2 million had a slower start at the beginning of 2018 but demand quickened in the second half of the year. We are seeing this demand continue through the start of 2019 and expect another year of healthy sales and price appreciation.”
During the twelve months ending January 31, 2019, Ottawa’s luxury house sales were flat year-over-year, however, luxury house sales more than doubled compared to two years prior, rising from 26 sales to 60 sales.
When looking ahead, the median price of a luxury house in Ottawa is forecast to increase 4.2 per cent year-over-year to $1,887,624, while the median price of a luxury condominium is forecast to increase 3.1 per cent to $1,036,747 in the next twelve months.
Luxury real estate segment price appreciation in Canada’s five largest cities (.pdf)
About the Royal LePage Carriage Trade Luxury Properties Market Release
The Royal LePage Carriage Trade Luxury Properties Luxury Market Release provides information on the two most common types of luxury housing in Canada using lower thresholds of three times the median value of each segment relative to the overall property type’s median home value in that city. Real estate values use company data in addition to data and analytics from its sister company, RPS Real Property Solutions, the trusted source for residential real estate intelligence and analytics in Canada. Commentary on real estate markets are provided by Royal LePage residential luxury real estate experts, based on their opinions and market knowledge. Sales data is compiled by Royal LePage through the Toronto Real Estate Board, Greater Montreal Real Estate Board, Real Estate Board of Greater Vancouver, Ottawa Real Estate Board and Calgary Real Estate Board.
Lower thresholds used for detached luxury homes: Greater Toronto Area ($3,092,476), Greater Montreal Area ($1,235,266), Greater Vancouver ($4,705,050), Calgary ($1,669,041), and Ottawa ($1,420,331). Lower thresholds used for luxury condominiums: Greater Toronto Area ($1,543,909), Greater Montreal Area ($1,002,778), Greater Vancouver ($1,979,978), Calgary ($875,285), and Ottawa ($890,253).
About Royal LePage
Serving Canadians since 1913, Royal LePage is the country’s leading provider of services to real estate brokerages, with a network of more than 18,000 real estate professionals in more than 600 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women’s and children’s shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services company, a TSX-listed corporation trading under the symbol TSX:BRE.
Call Paul & Diane Laflamme
Courtiers immobilier
Royal LePage Village
paulanddiane.ca
Saturday, February 16, 2019
2445 Chemin Sainte-Angelique, Saint-Lazare: $239,000
2445 Chemin Sainte-Angelique
Saint-Lazare,
Centris 24088589
$239,000
If you’re looking for affordable country
living, this is it! Comfortable bungalow
with 2 bedrooms in Central Saint-Lazare. Features: Living room, kitchen, dinette, 2
bedrooms, laundry room/bathroom and heated shed. Very practical home for a couple on a
budget. Good investment (rental)
property.
Si vous
recherchez la vie à la campagne abordable, vous avez trouvé! Plain-pied
confortable avec 2 chambres au cœur de
Saint-Lazare. Salon, cuisine, coin-repas, 2 chambres à coucher, salle de
lavage/salle de bain et remise chauffée. Maison très pratique pour couple sur
un budget. Propriété pour bon investissement (location).
Paul & Diane Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
303 Rue Toe-Blake, Vaudreuil-Dorion: Vendu!
303 Rue Toe-Blake, Vaudreuil-Dorion
Listed at $359,000
Vendu!
Sold in 14 days!
If
you’re looking for affordable living, this is it. This quality semi-detached
home has 3 finished levels. Features: Open
concept kitchen and dining room, living room, 3 bedrooms, full bath, powder
room, finished playroom, fenced backyard + garage. Close to shopping, restaurants, schools,
public transit (commuter train and bus).
Si vous
recherchez un style de vie abordable, vous avez trouvé. Maison jumelée de
qualité sur 3 niveaux aménagés. Cuisine et salle à manger à aire ouverte,
salon, 3 chambres à coucher, salle de bain complète, salle d'eau, salle de jeux
aménagée, cour arrière clôturée + garage. À proximité des commerces,
restaurants, écoles et transports en commun (train de banlieue et autobus).
Paul and Diane Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
Connected to your
community
Branchés sur votre
communauté
Friday, February 8, 2019
Financial Assistance for cracked foundations in Saint-Lazare
The Ville de Saint-Lazare is offering financing assistance to homeowners with cracked foundations. Deadline is March 15, 2019.
Please see the links below.
http://ville.saint-lazare.qc.ca/en/lezardees?fbclid=IwAR1tWpAAf72z31zMnP4siXHlYhmnjwAO5jsdNk6ybh3zikDKn0wH-5F6oX0
http://ville.saint-lazare.qc.ca/lezardees
Thursday, February 7, 2019
2301 Cote St. Charles, Saint-Lazare: $249,000
2301 Cote St. Charles, Saint-Lazare
Centris 24135217
$249,000
55,215 pc
55,215 pc
If you’re
looking for affordable country living, this is it! This family home was built in 1895. The lot
has over 55,215 square feet of land. Quick occupancy is available. This property falls into zone H-085 which allows for residential
use, bed and breakfast or a health center.
All buyers must verify zoning with the Ville de Saint-Lazare.
Si vous cherchez
la vie à la campagne abordable, vous avez trouvé! Cette maison familiale a été
construite en 1895. Le terrain compte plus de 55 215 pieds carrés. Occupation
rapide disponible. Cette propriété fait partie de la zone H-085 qui permet un
usage résidentiel, un établissement de chambre d’hôtes (B&B) ou un centre
de santé. Tous les acheteurs doivent vérifier le zonage auprès de la Ville de
Saint-Lazare.
Affordable living in beautiful Saint-Lazare. Handy man special. You can
fix up the family home or build your dream home on a large country lot.
The garage and shed can be used for storage.
Vie abordable
dans la belle ville de Saint-Lazare. Spécial bricoleur. Vous avez le choix de
rénover la maison familiale ou de construire la maison de vos rêves sur un
grand terrain.
Le garage et la remise peuvent être utilisés pour rangement.
Le garage et la remise peuvent être utilisés pour rangement.
This property falls into zone H-085 which allows for residential use,
bed and breakfast or a health center.
All buyers must verify zoning with the Ville de Saint-Lazare.
Cette propriété
fait partie de la zone H-085 qui permet un usage résidentiel, établissement de chambre
d’hôtes (B&B) ou un centre de santé. Tous les acheteurs doivent vérifier le
zonage auprès de la Ville de Saint-Lazare.
Easy access to highway 40, Saint-Lazare + Hudson village.
Accès facile à l`autoroute 40, Saint-Lazare et le village de Hudson.
This sale is made without legal warranty of quality, at the buyer’s
risk.
Cette vente est faite sans garantie légale de qualité,
aux risques et périls de l’acheteur.
Paul + Diane Laflamme
Courtiers immobilier
Royal LePage Village
514.793.4514
.
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