Montreal Real Estate - will it continue to go up?
 

in general? what about high end properties? anyone from MTL familiar with the current real estate market there?

thanks :)

well i dont have idea about montreal real estate, but we all now that the demand for house is increasing so we may assume that real estate business will go up...

your ibill check must come :p

hope your feeling better btw quiet.

feeling better than i did yesterday :)

Nothing just ever keeps going up ! Real estate runs in cycles, apx 5 yrs apart, then it corrects it self. It will stay at a certain level, but more than likely less than the peak it achieved.:2 cents:

not exactly what i was asking, but thanks :)

i wouldnt touch condo's now. there are soo many projects for them.

u mean high end as in investments or like single dwelling units/cottages?

hi end penthouse lofts. 900K+, downtown/old mtl...

hmm, no idea.. but at those prices, it will take u more time to sell them...

is it the halfi-hotel/condo next to the notre dame basilica?

Nop i'm not familiar, but fuck, the last year it went up so fast! :(

It all basically will depend on the interest rates - the more they go up, the more the Real Estate market will go down. If you're buying it for a long-term investment, just wait for the right time/market to sell it. At 900k I figure you won't find many buyers for the Old Montreal district - unless they are single & very rich - which leaves you a limite market to sell it to. Double income homes with families will not be looking for Old Montreal as their primary dwelling - simply because of the human traffic, tourists & general 'deserted' feeling in the winter nights.

Interest rates are still relatively low - some families are barely making it now - once the rates go up, you'll start seeing more sellers than buyers which will make the market prices go down.

The other thing to look at is how easily will you be able to rent it should you decide you don't want to live there anymore & want to wait for 'your' selling price?

That's my 2 cents, quiet :)

P.S. Nun's Island has some fabulous townhouses/condos & the demand there is much higher - easier to sell short/long-term.

The market is still hot in Montreal, on island and off island. For any dwelling that?s under $400k it goes fast, there is still more demand then supply. For high-end places there are no shortages but you will pay 40% more now then you would have 3 years ago.

Where are you looking to buy? I shopped around for about 6 months before buying earlier this year in the old port. Check out www.mls.ca you can check out the market for yourself all over Canada!

Try this site

www.montrealpropertyfinder.com

my wife runs it, it will send you alert emails when properties that match your criteria hit the market.

that site basically uses mls listings...



Im wondering the same question.. is it time to buy now or will the market drop in the next 2 years.. anything more isnt worth the wait... since the money I'll save I'll waste it in rent....

The Quebec's economy isnt suppose to be in good shape right now... yet the real estate market has never been more strong... Will it continue like that?


Btw Quiet.. what condo complex you have in mind?..

I've found those 2 that seems high-end in downtown montreal...

www.lerocfleuri.com
www.lephenixnotredame.com

In general, the real estate market in Montreal should continue to rise for another two years. People I know that buy high-end properties to live in, don't worry about the real estate market.

i like lephenix, but the advertised way back when... and there isnt much selection left. but i hear penthouses are available! :D

There are smaller condos close to Palais de congres. not too bad, but u gotta buy higher for a good view.

Alex bring up a good point, u buying high end properties, u shouldnt worry too much about the market, it wont burst like bubbles.

There's no real money in Montreal, so I'd stay away from high-end investments. :2 cents:

http://www.welovetheiraqiinformation...7-minister.jpg sounds right to him.

you should see the property values in california it will make you sick

The only piece of property I know of that's available now is a handyman's dream. Originally built for 1976, it was actually finished in 1989. Some minor problems with the roof and with crumbling walls might only cost a few million dollars to repair.

Recently vacated by it's tenant, the property owner is desperatly looking to sell.

http://www.picrack.com/004/other/mon...ic-stadium.jpg

Contact the Regie des Installations Olympiques for more details :winkwink:

I wish I could see the real estate market 50 years into the future

I have always thought Montreal was "dime a dozen" real estate.

Return on a 900k investment will take a while to pay off if it's a single loft. When talking that sort of investment, you should be looking at undevelopped land where it WILL take off in the near future and become developped. Montreal can be good for rental properties, but you wouldn't wanna dump 900k into a single rental outfit, you'd want to get a few 'plex's outta that.