SALES - PURCHASES - RENTALS
Real Estate Brokerage Service.
Our properties are listed on CENTRIS, MLS and REALTOR.
We are members of the OACIQ & the Real Estate Chamber of Montreal (CIGM) regrouping a network of about 11 000 real estate brokers collaborators.
SELLING - SHARING VALUES - LEGAL - ESTATES
Professionnal Real Estate Appraisals.
Our expertise in real estate appraisals can ensure our customers' best interest with optimal results. Our reports are conform to the standings and expectations of The Quebec Chartered Board of Appraiser's Association.
We offer exceptional conditions for the real estate brokers who wish to join a real estate agency recognized for the quality of it's offered services. Contact us to obtain more details concerning our unique concept.
THE WEST ISLAND
1026 Mont-Royal E. #203
Plateau Mont-Royal MONTREAL H2J 1X6
12940 Gouin W.
Pierrefonds MONTREAL H8Z 1W8
REAL ESTATE NEWS
Real estate activity resumed May 11 after more than a month on lockdown. According to Centris data, although the volume of sales in May dropped by 41 per cent compared to 2019, the median price of a single-family home in the CMA increased by 9 per cent to $370,000.
The drop in sales is because there are so few homes on the market, not a lack of interest from buyers, realtors say. While there’s a trickle of new supply now coming on to the market, when the pandemic hit there was already a shortage of homes for sale.
June 29 2020
Montreal real-estate market hit hard by pandemic
Like many industries affected by the COVID-19 pandemic, the red-hot Montreal real-estate market has suddenly chilled.
Montreal has been hit harder than other Canadian cities by the pandemic, and the drop in sales was seen in all six main areas of the Montreal CMA.
The drop in sales applied to all three property categories. Single-family home sales fell 68 per cent (1,048 transactions): plex sales dropped 67 per cent (161 transactions); and condominium sales tumbled 69 per cent (675 transactions).
Updated June 30th 2020
Between March and April 2020 the market shifted from a seller's advantage to a balanced market where buyer and seller have equal negotiating power.
We are watching several key risks:
The possibility of a second wave and corresponding lockdown in Canada.
How well the U.S. manages the pandemic - roughly 25% of the Canadian economy relies on exports south of the border. As well, most tourists to Canada are American.
The impact of expiring eviction freezes and mortgage payment deferrals. These are delaying the true impact of the pandemic on housing. They can not be extended indefinitely.
Short-term rentals in Montreal (now vacant due to Coronavirus) may be converted to long-term apartment rentals or sold, and this could add unexpected supply to the market.
Updated June 30th 2020