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Top Stories This Week – May 11, 2018

This week: BMO offers rock-bottom mortgage rate, MAC chooses a winning architectural design, 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:

BMO Offers Record-Low Interest Rate as Mortgage Wars Heat Up

Bank of Montreal is competing fiercely amidst a heated real estate climate, by offering the largest discount ever posted by a Canadian bank.

Buyers will be offered a 5 year variable rate of 2.45 until the end of May, which is a full percentage point below the prime rate.

Read more here.

View The Winning And Finalist Designs For Montreal’s Contemporary Art Museum (MAC)

The Musée d’Art Contemporain de Montréal (Contemporary Art Museum of Montreal) recently launched a competition inviting local architects to modernize both its facade and interior design. MAC is hoping to optimize its layout in anticipation of new programs dedicated to public education. Approximately 1,500 m2 will be added to the museum’s structure, and and 5,000 m2 will be converted.

Read the rest here.

Mortgage Rate Update: Montreal, May 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 May 8, 2018.

Read the rest here.

Best Outer Suburbs Within an Hour From Downtown Montreal

For those who aren’t keen on living in the Downtown core, Montreal’s outer suburbs offer real estate opportunities at a fraction of the cost. Beside the ultra-low carrying costs, buyers looking in the outer suburbs can look forward to more square footage, larger gardens, and easy access to the beautiful lakes and mountains surrounding Montreal Island.

View the rest here.

This article, Top Stories This Week – May 11, 2018, appeared first on Shupilov News.

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