On Wednesday, the provincial government added further legislation to Bill 16, with the aim of protecting vulnerable tenants. TL;DR: Additions to the bill include shorter waiting times for rental disputes, renovation funds, and mandatory, standardized inspection training. Bill 16 is the biggest reform in the history of Quebec’s rental board (Régie du Logement). It will […]
The Bank of Canada expects economic growth to pick up in the second quarter of 2019, and for housing activity to stabilize due to population gains and improved global financial conditions. Given these developments, the Governing Council has judged that an accommodative policy interest rate continues to be warranted They will continue to evaluate the appropriate […]
According to QFREB’s latest report, the proportion of condominium sales relative to other property sales has dramatically increased in Montreal. Whereas condos only represent 24% of sales in the Quebec province, that number jumps up to well over 50% on the Island of Montreal. Given the rising prices of single family homes and the increasing […]
Compared the the last quarter of 2018, when Lasalle, Ile Bizard and Ville Marie were still buyer’s markets, every single detached home market in Montreal now favours sellers, or is a balanced market. Due to the market conditions of a seller’s market – heightened competition, rising prices and shorter selling times, home buyers this spring may […]