Real estate: the city is hot
Lots of real estate pieces about how the local market is booming. I always wonder from whose perspective this is good news. Real estate agents, yes – lots of tasty commissions, and note this report comes from Royal LePage. I don’t know how it feels to investors. But for anyone wanting to simply buy a place to live, it can’t be ideal.
Steve Q 10:24 on 2019-01-11 Permalink
If prices were dropping, people would be very hesitant before buying, therefor it is good for owners of houses/condos, investors, real estate agents, the city that will receive more taxes and the economy in general.
But I agree that all of this ”growth’, should be very reasonable and not crazy the way it happened in Vancouver or Toronto. We don’t want that here. One of the reason for the quality of life we have in Montreal is affordability.
Douglas 11:32 on 2019-01-11 Permalink
I will be selling my condo this year and buying one.
As a buyer its not looking good. Anything I want is very expensive.
As a seller its great.
EmilyG 16:57 on 2019-01-11 Permalink
Ha ha ha.
I’m a renter, not gonna buy anytime soon, if ever. I live in a place with a nice affordable rent. But next door, the people who own that place are never there, and the renovators are always there. Damn gentrification.
It’s driving me out, in a way. I want to move soon, just so I don’t have to put up with the constant renovation noise that’s been going on since last May.
SMD 03:08 on 2019-01-12 Permalink
Be sure to transfer your affordable lease, EmilyG!