The Bank of Canada has lowered its overnight rate to 4.75%, a reduction of 25 basis points from the previous 5% level that had been in place since July 2023. This marks a significant shift in monetary policy, as the…
Buying a home in need of renovation may seem daunting, but it's an excellent opportunity to create the space of your dreams. The purchase-renovation mortgage offers a flexible solution for financing both the purchase of your home and the necessary…
In a steadfast move, the Bank of Canada has once again maintained its key interest rate at 5%, marking the sixth consecutive hold since July. This decision underscores the bank's cautious optimism, as it awaits more definitive signs of sustained…
In the Quebec real estate landscape, the RL-31 slip stands out as a document of paramount importance, establishing a crucial bridge between real estate owners and tenants. This document, issued directly by the government, acts as an official declaration of…
The Canadian government has decided to maintain the restriction preventing foreign individuals from acquiring residential properties within its territory until 2027, with the aim of addressing the housing affordability crisis affecting several cities across the country. Chrystia Freeland, the Minister…
In January 2024, the real estate market in Montreal and Quebec experienced a positive dynamic, marked by a significant increase in transactions and property prices. In the greater Montreal area, real estate transactions saw an 18% increase, with 2,077 properties…
The average home selling price reached $586,681 in December 2023, marking a yearly increase of 6.9%. However, home sales in Montreal decreased by 6.1% compared to the previous year, while active listings increased by 19% compared to last December. The…
Quebec has implemented new and stringent rules for Airbnb and other short-term vacation rental platforms. These regulations came into full effect recently, signaling a significant change in how these platforms operate in the province. In this post, we'll explore the…
