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Top Stories This Week – April 27, 2018

This week: Weed legalization, market report, statistics on millennial homeownership, and more.

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We know how easy it is for news to pass you by in the week, so we’ve put together a round-up of Montreal’s most important real estate stories from the past few days – and where to read more about them:

CREA Real Estate Statistics, Canada And Montreal: April 2018

CREA’s national real estate statistics were released on April 13th. Sales increased nationally between February and March, led by Montreal and Ottawa. Actual (not seasonally adjusted) activity decreased year-over-year in all markets except Montreal and Ottawa.

Read more here.

How Much Home Can Canadian Peak Millennials Afford In Montreal?

A recent report by Royal LePage compares average income for Canadians aged 25 to 31 (peak millennials) with property prices across the country.Peak millennials in Canada earn $38,148 a year on average, which would allow them to qualify for a loan of just over $200,000 under the new mortgage rules. A couple with a combined income of $76,000 would qualify for a home-buying budget of $400,000.

How Will Marijuana Legalization Impact The Real Estate Market In Montreal?

The Canada Mortgage and Housing Corporation (CMHC) just released its first quarter assessment, which evaluates real estate vulnerability, prices and construction at a national and provincial level. The degree of vulnerability remains low in Montréal’s central metropolitan area. A market becomes vulnerable when prices are overvalued, putting homeowners and mortgage lenders at risk of a housing bubble.

Read the rest here.

CMHC Housing Market Assessment – First Quarter 2018 – Montreal

The Greater Montréal Real Estate Board just released its real estate market report for the first quarter of 2018. GMREB’s quarterly report is based on transactions recorded on Quebec’s real estate brokers’ database; Centris®  and takes into account the entire Montreal Census Metropolitan Area (CMA).

View the rest here

Bank Of Canada Key Interest Rate Update: April 2018

In its latest press release, Canada’s central bank announced it would be holding its key interest rate at 1.25%. Mortgage rates are bound to increase in the near future, but policy makers are wary of the strong impact of rising interest rates and stress tests on property prices and access to homeownership. Cooling regulations so far have aimed to strike a healthy balance between reigning in the overheated Toronto and Vancouver markets, and protecting first time buyers in smaller Canadian markets.

View the rest here

Sustainable Technology Trends In Canadian Real Estate: 2018

Real estate is an industry that is continually fuelled by innovation in its applications and technologies. The housing market has been an avid adopter of the latest trends in design and architecture, while meeting the changing needs and demands of its consumers. Recently, significant steps are being made towards a more positive global and environmental impact – introducing “green” innovation into the way homes are designed.

View the rest here

This article, Top Stories This Week – April 27, 2018, appeared first on Shupilov News.

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