Home prices couldn’t be more disconnected from fundamentals. In many areas, individuals who make the median income can’t afford a median priced home. For this reason alone, current home prices cannot be sustained.

The Gazette article talking about the reduced commission rates seem to think that this is great news for buyers because since they save on commission, they can put down a better downpayment. This actually makes no sense at all, since the buyers never pay commission anyway.

If your property has been on the market for a few months (think 2-3 months) and it has not sold, then the market is telling you that the price you are asking does not justify the value of the property.

If you’re looking to buy a Montreal Repossession of foreclosure then you better be prepared. There may be outstanding liens on the property, outstanding taxes…

Are there some repossession deals out there? Yes, but not many. Just because a property has gone into foreclosure and is being sold as a repossession does not guarantee a cheap price.