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 Montreal Neighborhoods That Will Be Connected By REM Train
This week, work began on Montreal’s new electronic transit system, carried out by Université de Montreal. The network will be the second largest of its kind in North America.
CMHC: Montreal’s Real Estate Market Is Showing Signs Of Overheating
Montreal’s real estate market is creeping towards overheated levels, according to the latest CMHC (Canadian Housing Market Assessment ) report. Vulnerability in a housing market is generally assessed using 4 factors: overheating, price acceleration (also known as “price growth acceleration”), overvaluation and overbuilding. The latest HMA results are based on data from the first quarter of 2018 and market intelligence as of the end of June 2018.
Montreal Condo Supply Hits 8 Year Low
Been having trouble finding a condo within your budget? You’re not the only one. Buyers across Montreal were first hit with the Mortgage Stress Test early this year, and are now hitting more roadblocks in their home-hunt, as the condo market heats up.
Self Employed? It Will Soon Be Easier To Obtain A Mortgage In Montreal
Canada’s Mortgage and Housing Corp. is finally adapting its legislation in response to a growing number of self-employed Canadians. These measures are geared towards simplifying the mortgage borrowing process, and providing more flexibility and guidance to national lenders, when approving applications from self employed borrowers.
This article, Top Stories This Week – July 27, 2018, appeared first on Shupilov News.