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:
A List Of All The Big Residential Construction Projects Happening In Montreal In 2018
According the Ville de Montreal’s latest press release, there are 111 construction projects in progress this year, amounting to a total of $ 30.9 billion in investments. The Quebec Construction Commission recently released a list of current construction starts valued over $5 million, on the Island of Montreal.
Montreal Condo Builders Can’t Keep Up With Demand Level
Although there are many large construction projects underway in Montreal, demand is outpacing supply in the condo market. Condo supply hit an 8 year low in June – with 27.72% fewer condos compared to the same period last year. A recent report by Altus Group found that the number of unsold units in recently finished or in construction condo projects dropped 43% in the past year.
Mortgage Interest Rate Update: Montreal, August 2018
When buying a home, it’s recommended to shop around for interest rates and mortgage terms at different banks, since the interest rate paid on your mortgage will substantially affect your overall cost of homeownership. Below you will find a list of posted fixed and variable mortgage rates, updated on August 1, 2018.
This article, Top Stories This Week – August 3, 2018, appeared first on Shupilov News.