Category: Montreal Real Estate

Read More

A mention in Montreal Mirror: Plateau Hot and Bothered

I get calls from Montreal journalist every time there is a piece to be written about a local market, specially for certain neighbourhoods such as Griffintown, Old Montreal (Ville-Marie) and sometimes Plateau. Such was the case last week, when a journalist from Montreal Mirror called me to find out my opinion on the cooling of Plateau’s market.

Commute is driving Montrealers into condos downtown

TD Canada Trust Condo Poll suggests condo affordability is key for young homeowners –

MONTREAL, May 10 /CNW/ – Many Montrealers are attracted to condos because they want to live downtown and cut down their commute. In the 2011 TD Canada Trust Condo Poll, which surveyed Canadians who are thinking of buying, or recently bought a condo, more Montrealers named these two reasons as the main motivation for their condo purchase than respondents in any other city. The poll found affordability to be another main reason for Montrealers’ interest in condos (42%). Across all cities surveyed, affordability was most important for respondents under 35-years-old (62% versus 46% for other age groups). This age group seems to view condos as a stepping stone into homeownership, with many planning to move in the not too distant future. But, is this a good strategy?