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Robert Taylor & Rhea Dichter

This blog contains all kinds of helpful resources on real estate in Montreal and the West Island of Montreal Qubec, and interesting articles regarding the local Montreal market as well as on local attractions.

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Canada first in G7 to raise interest rates, hikes policy rate to 0.5 per cent
By Julian Beltrame, The Canadian Press OTTAWA - Borrowing costs for consumers and businesses are slated to start rising moderately after the Bank of Canada moved off its ultra-stimulative monetary policy Tuesday, hiking its trendsetting interest rate Read More...

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Mortgage Rates – Is It Time To Gird Our Loins?
by Andrew Pyle, for Yahoo! Canada Finance Thursday, May 13, 2010 Now that Europe appears to have bought itself some time from those vicious currency and bond speculators (and what a price tag, at a cool trillion dollars), individuals are also feeling Read More...

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Non-residents selling their Canadian home be warned
Helen Morris National Post Moving house can be pretty stressful, when you have to line up all the finances, paperwork, packing up, getting a moving truck and so on. However, if it is a move out of the country, there are still more things to consider. Read More...

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New rules for rental properties could squeeze first-time homebuyers
Sat Apr 3, 11:17 AM Derek Scott, The Canadian Press By Derek Scott, The Canadian Press VANCOUVER, B.C. - Buying a house in the hot housing markets of Vancouver, Toronto and other major cities in recent years has been a possible dream for some first-time Read More...

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Homebuyers' pain, mortgage brokers' gain as tighter rules come into place
By Derek Scott, The Canadian Press VANCOUVER, B.C. - The same things that are squeezing first-time homebuyers these days are creating a boom for mortgage brokers. With interest rates climbing and new rules that crack down on who qualifies for a mortgage, Read More...

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Big banks raise mortgage rates in sign era of historically low rates ending
Mon Mar 29, 5:27 PM Sunny Freeman, The Canadian Press Enlarge Photo (The Canadian Press) By Sunny Freeman, The Canadian Press TORONTO - Rising mortgage rates announced Monday signal the end of historically low home borrowing costs and present Canadian Read More...

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Cost of owning a home up slightly in late 2009: RBC Economics
By The Canadian Press TORONTO - A new report says the cost of owning a home in Canada increased slightly across all housing segments in the closing months of 2009. RBC Economics says rising prices made it more expensive to own a home, but that was partly Read More...

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Housing prices rise for third straight month in January: StatsCan
By The Canadian Press OTTAWA - The New Housing Price Index rose 0.4 per cent for the third straight month in January. Statistics Canada reports St. John's, N.L., led the way at 1.7 per cent growth, followed by Winnipeg (0.7), and Toronto and Oshawa Read More...

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Flaherty moves to toughen mortgage rules
Finance Minister Jim Flaherty announced new rules Tuesday aimed at preventing homebuyers from getting into financial difficulty when mortgage rates rise. After consulting with major Canadian lenders, Flaherty outlined the latest weapons at Ottawa's Read More...

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Municipal taxes, suburban anger: Municipalities face 10-13% hike in their share of tab for island-wide services
By David Johnston, The Gazette February 4, 2010 The 2010 municipal budget season is over and here are the final standings: Highest tax increase on the island of Montreal: Baie d'Urfé, 8.5 per cent. Lowest tax increase on the island of Montreal: Read More...

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The Québec Province Real Estate Market Ended the Year on a High Note
Île-des-Soeurs, January 19, 2010 –Québec’s provincial real estate market performed well in 2009, with sales increasing by 3 per cent over 2008 for a total of 79,185 MLS ® sales transactions, according to the Québec Read More...

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Bank of Canada chief more confident in recovery
Thu Jan 21, 5:31 PM By Louise Egan OTTAWA (Reuters) - Canada's economy is on track to recover this year and the outlook has improved since October, the Bank of Canada said on Thursday, while giving few hints on how soon it will start raising record-low Read More...

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Canada may require higher mortgage downpayments: report
Mon Dec 21, 11:24 AM OTTAWA (Reuters) - Canada may require people taking out mortgages to come up with a larger downpayment if it looks like indebtedness is getting too high, Finance Minister Jim Flaherty said in a interview released late on Sunday. Flaherty's Read More...

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October home sales improve 41.5 per cent year over year, marking monthly record
OTTAWA - Canadian home resales improved 41.5 per cent year over year to 42,288 units in October, a record for the month, according to the Canadian Real Estate Association . The national average price for homes listed on the Multiple Listing Service also Read More...

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Bank of Canada, in shift, sees recession ending now
OTTAWA (Reuters) - Canada's economy will pull out of its worst recession since the early 1990s this quarter, the Bank of Canada said on Thursday, and the world economy has likely averted a worst-case scenario and is bottoming out. "With the economy Read More...

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