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Hello,

I’ll be frank with you right now, this has been a crazy year so far for real estate.  People are talking about this bubble and “oh, it’s going to pop!”, however I’ve been hearing that speech for over 10 years.  We have now entered the Seller’s market (again) with homes and multi-doors.  I have Buyers I’ve been working with since before Christmas who haven’t bought yet. 

First it was lack of product, and now that it’s trickling out, we’re involved in multiple offers. There is a LOT of competition right now. Nothing that is good is sitting on the market.  One scenario, I ran with my client to a duplex in NDG that was $679K.  It needed a new foundation and the whole side of the brick wall needed to be replaced. Even $80K over asking wasn’t enough.
Featured Listing

High-End Condo with Stunning Views of the Old Port

High end, brand new condo with stunning views of the old port. Watch the fireworks! Garage, all new stainless steel appliances, great location in the heart of Montreal.

Features: Spectacular floor to ceiling windows, offering exceptional lighting and views, 2 generous-sized bedrooms, walk-in master bedroom closet, ensuite bathroom, private balcony and more!

Want more information about this beautiful property?
Did You Know Airbnb Can be Risky Business?

Thinking of Airbnbing your condo? Maybe you're already making extra money hosting guests for a few weekends. 

Landlord beware! Here are a few risks to consider before choosing this business model:

- More and more condo associations are forbidding Airbnb. Even if some continue to tolerate short term rentals today, there is no guarantee that at the next association meeting co-owners won't decide to ban the practice. 

- Insurance presents a serious risk. Even though Airbnb offers its landlords some type of insurance, you can be sure your home insurer won't like short term rentals. Most insurance companies require that landlords sign long-term leases with tenants (usually 1 year+). Your insurer may not know what kind of lease you have running at this very moment, but you can be sure that if something major goes wrong they'll go digging. If you've been signing shortterm leases and your policy forbids it, they may not cover damages. The same goes for your condo association. Co-properties have collective insurance. If something goes wrong with one of your rentals and the condo association gets involved, the building's collective insurance may refuse to pay. You'd don't even want to imagine the lawsuit here!

...continue reading

 

Guest post by Terrie Schauer, Investment Property Specialist

http://www.our.immo

Market News

What happened in July Market News – Montreal and surrounding areas

We’re continuing the trend of sales moving upwards and listings downward.  The condo market is starting to pull away and, besides the South Shore, isn’t doing too well. In the last few months, condos have been trailing behind a bit in sales, however now we are seeing a much larger gap between the homes and multi-doors and condos.  I’ve been predicting that condo sales were going to continue the downward trend, and that’s exactly what is happening.  Too many listings and not enough buyers.  Homes and multi-door on the other hand are thriving. As soon as a descent house is listed, Buyers are running to them with offers in hand, which is driving prices high with quick turn arounds. There are always exceptions of course.  For example in the Vaudreuil Soulanges area, homes between $500-650K, seems to be slow and lacking Buyers.
 

View latest market news clip:

Centris® Residential Sales Statistics – July 2017
Sales statistics for May 2017

Upcoming Events

Property Management

Wednesday, September 6th, 2017
7:00pm - 9:00pm

I’m very excited to announce that Terrie Schauer will be speaking to our group about property management.  I met this dynamic woman a month ago and thought she would be a perfect addition to our group. She is incredibly knowledgeable and I believe most of you will be interested in what she has to say.
 

Terrie will give an overview of the business and how it works.  We will leave plenty of time for questions that you might have about managing your business and properties.

Learn more about this month's Meetup here.
Would love to see you!!!

 

If you want to stay on top of the market, become a part of our Meetups here!

Build Your Real Estate Brain

Hidden Cash: Increasing Your Building's Potential


We all want the get the most out of our investments. But how do we do it? Over the years, I have seen thousands of properties and counselled owners on how to increase their value.

In this guide, I’d like to share with you some ideas so you can pick and choose what works best for you and your situation. There are many great ideas that take almost no effort and some that could take a lot of time and money. The outcome could mean the difference between a good investment and a great one.
Buy Now

A little inside info ABOUT ME:

Jennifer Lynn Walker
Montreal's #1 Eco-Realtor
 
Montreal’s Premier Eco-Realtor and Real Estate Expert is on your side to joyfully guide you through stress of selling or buying your next home or investment property so you can stay in control and enjoy the process. My service goes beyond the sale and includes  helping you find eco-safe renovating products, neighbourhood eco grocery stores or the best online services, I’ll help you discover a healthier lifestyle both in and outside your home.
"I inspire people to go green with their buying, selling, & renovations"
Contact me at jenn@montreal-realestate.ca for a complimentary consultation.
 
Don't feel STRESSED ...you have an expert on your side, holding your hand, helping and supporting you 100% of the way.  You are important.  Your issues are important...and no, you are not crazy.  Real estate investments can be a stressful undertaking.

"As a first time buyer I had no idea where to start when buying a house and the whole thing seemed a little overwhelming. She took the time to make the process easy, stress free and very enjoyable. Jennifer Walker helped me to narrow my options down and I ended up with my ideal home one that fits all my needs and wants. I am very happy in my perfect home in this perfect location. I highly recommend her to everyone".

- Josée Marion
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Montreal Real Estate · 121 Av. de Breslay · Pointe-Claire, Qc H9S 4M8 · Canada

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