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Top Stories This Week – April 13, 2018

This week: A metro line extension, a new homeownership program and two market reports.

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A recap of Montreal’s latest real estate news:

Montreal Metro Blue Line To Get Five New Stops

Premier Philippe Couillard and Prime Minister Justin Trudeau held a conference in St-Léonard on Monday, in which it was announced that Montreal metro’s Blue Line would receive five new stops by 2026. The new stations will be located at the intersections of Pie-IX Blvd., Viau Blvd., Lacordaire Blvd., Langelier Blvd. and Galeries D’Anjou.

Read more here.

New Homeownership Programs In Montreal: 2018

On Wednesday, Montreal Mayor Valérie Plante announced a new program which would help more Montrealers attain homeownership.This program comes among several other measures included by Québec’s Minister of Finance in the 2018-2019 budget, intended to bridge the province’s historically low homeownership rates. At a homeownership rate of 61.3%, Quebec is well below the national average of 67.8% (2016 Census).

Read the rest here. 

Teranet–National Bank House Price Index: March 2018

It has been a flat March for the Canadian housing market, according to The Teranet–National Bank National Composite House Price IndexTM. This is the first time that the March composite index has not risen by at least 0.2% from February, with the exception of the Recession. It is also the first time outside a recession that March indexes were up for only 4 of the 11 metropolitan areas.

Read the rest here.

Centris® Residential Sales Statistics: March 2018

5,656 residential sales were recorded in March 2018, a 6% increase compared to March 2017. This was the highest sales volume recorded for the month of March in the past 8 years, and the 37th consecutive increase.

View the list

Montreal’s SouthWest Borough: Real Estate Profile, Prices And Trends

When buying a condo or home, choosing the right location is just as important as the property itself. We’ve done some number crunching on property prices, market conditions and demographics in the SouthWest to help you make a more informed decision as a buyer or an investor.

View the list

This article, Top Stories This Week – April 13, 2018, appeared first on Shupilov News.

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