View this email in your browser

Montreal Real Estate

I was just reading an article that was titled, “Why the Canadian Housing Market Is Soaring in the Pandemic”. With all its theoretical ideas, it failed to state that fact that, at least in Montreal anyways, has been in a seller’s market since April 2017. That when we first saw listings go down 25%. Meaning there were 25% less available product on the market from the previous year. Every single month since then, the listings (available properties for sale), have gone down 12-25%.

It’s safe the say that nothing has changed due to the pandemic. There are still the same amount of hungry buyers as there were before. April 2017, is when we started seeing the upward trend of extremely crowded first visits and multiple offers. Any real estate broker will tell you, that there are many, many buyers who still haven’t bought. With the interest rates so low, and due to the high demand, I see us continuing in this manner for a very long time.

Latest Blog Post

Visiting properties, especially if you are new to the real estate business, can be an overwhelming task.

There is so much to look at, and everything is pulling your attention at once. It’s important to see past all the talk from the owner and listing broker and take in all the aspects about the “business” you are looking at. It is the property owner’s legal duty to declare EVERYTHING they know about their property.

It is their legal duty to represent the property to the best of their ability. Not disclosing information they know that affects the property is illegal. Having said that, not all owners are alike. Don’t trust the listing broker and the seller to paint the whole picture for you. Due your due diligence and uncover as much as you can about a property. here.

February Market News

Even though sales may be down from the previous year, volume is up. With almost every property sold, due to the multiple offer situation, prices are skyrocketing. Time to sell has gone down significantly. With people lining up around the corner for every new property for sale, brokers are limiting visits to the first week and putting short deadlines for offers.

You can find previous updates here.

Forward

This email was sent to <<Email Address>>
why did I get this? unsubscribe from this list update subscription preferences
Montreal Real Estate · 121 Av. de Breslay · Pointe-Claire, Qc H9S 4M8 · Canada