Property investors concerned about Montreal The average price of condos in the Greater Montreal Area have fallen for the first time since 2008 according to a recent report from the Greater Montreal Real Estate Board. Analysts say the drop is mainly due to stricter mortgage rules and an increased number of inventory around the area. The [...]
A survey conducted from March 19 – 22, revealed that 1 in 4 Canadians would be willing to enter a bidding war to purchase a house. The survey by Leger Marketing for BMO Bank of Montreal polled 1,000 house and condo owners, a quarter of whom responded as much. A report from the Canadian Press [...]
The robust Canadian housing industry, especially the booming condo markets in Vancouver and Toronto, could be at risk in 2012. CBC brings us the following report, quoting the heads of some of Canada’s biggest banks : Gordon Nixon, president and CEO at Royal Bank told a banking conference Tuesday the Canadian housing market could be [...]
Condos are rising in popularity as baby boomers make the foray into hassle-free housing and new immigrants look for more affordable housing. With both resale and pre-construction condos available, which is the better investment? The article taken from the Globe and Mail suggests that what really counts is that the investor does their due diligence [...]
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