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Showing posts from June, 2022

Montreal's Real Estate Market in 2022

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Vancouver, Toronto, Montreal, and Ottawa's housing markets will most likely be the ones to set the pace for price changes across the country. According to CMHC, prices will range from $743,100 to $831,100 on average in 2023 and from $756,500 to $867,800 on average in 2024. The federal government outlined a strategy to lower the cost of homeownership in Canada for first-time buyers in its 2022 budget. By the end of 2022, the average home price in Montreal is predicted to rise by almost 12%. Despite government vows to cool the market, house costs are expected to climb even more in 2022. This year's average price of a Montreal home is expected to rise even further, according to Royal LePage's House Price Survey and Forecast, which was issued on February 1. The average price of a property in Montreal is expected to rise by 12.5%, to $599,200. Canadian housing prices are predicted to "remain elevated" and affordability will "decrease" over the next five ye

Why should you invest in real estate in Canada?

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Buying a house or commercial space in Canada can be very beneficial for you if you understand their laws properly. To begin with, ownership of property in Canada does not need residency or citizenship. However, if you want to stay in Canada permanently, you must complete immigration requirements first. Annual tax reports are required by the CRA for non-Canadian owners of rental property in Canada (CRA). Property Taxes First, $200,000 is taxed at one percent, while the rest is taxed at two percent when purchasing a home in the province of Quebec. First-time homebuyers in Canada may be exempt from this program. Annual property taxes based on market value are also levied by municipalities. Schools are included in municipal levies. The data on a property's tax bill is widely available. A portion of your GST can be refunded if you're moving into a newly constructed or builder-renovated house for sale west island Montreal or in any other location. GST does not apply to resale pro

Mistakes to avoid when selling your home

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Landmark Realities were formed in 2010 and we have been in   Montreal Real Estate   for a lot longer. With our Agents collective property skills and knowledge, we would love to share our top tips with you in order to give you the best possible property experience. Knowing what mistakes sellers commonly come across when selling a property is something everyone must be aware of to avoid and improve their selling experience. Check out our top mistakes to avoid when selling your home: Trying to sell alone Some people decide to try and sell their property alone, with no real estate professional help in order to keep costs to a minimum and save time. However, some things are better left to the professionals, and selling property is one of them! Trying to sell alone can in fact cost more and take more time than if you choose a real estate professional because you won’t have the resources and experience like the professionals do to sell your property, for the best possible price, to the right