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.

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.

The Montreal real estate market is still relatively strong, so if you are planning on submitting a ridiculously low offer on a place, I would not seriously expect it to work out.

There is a saying in real estate that “There is nothing that price won’t fix.” Basically this means that when trying to sell your home, the most fundamental element is price.
Over the last 7 years, …

I’ve been selling real estate in Montreal since 2006. I decided that in order to get a little bit more business for myself, I would undercut the current commission rate and charge only 4%. So far so good.

he Montreal real estate market is still hot, but it is showing signs of cooling. Prices have almost doubled in the last 5 years, and given the current economic situation, it is becoming more difficult to sell properties for top dollar.