Beautiful condo facing the canal with water views and city views. Constructed with quality in 2009. Two large bedrooms. Includes air-conditioning, wood floors throughout, interior parking and storage unit. Located in a quiet but very popular neighborhood.

Perfect location on Prince Arthur East, presently used as a Portuguese Grill. The present sale includes the building and the business. The former tenant paid $4000 per month, net, net. Building constructed in 1982, in very good condition. Restaurant capacity of 120 people, full sprinkler system.
Asking $795 000

The fundamental reason for this rapid increase is government policy to lower and maintain low interest rates. So today, I stick my neck out and call the top. The Canadian real estate market has peaked and the bubble popped, today, May 26, 2010.

If I am the only agent involved in a sale, the commission is reduced to only 2%. That’s a really low rate. Probably the lowest in Montreal for a full service agent. On a sale of $400 000, you will save $12 000 plus the associated GST/PST tax. Now that’s a deal.

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.