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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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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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Second Consecutive Sales Increase in June
Île-des-Sœurs, July 7, 2009 MLS ® sales in the Montréal Metropolitan Area increased by 14 per cent in June 2009 compared to June 2008, the second consecutive monthly increase, reported the Greater Montréal Real Estate Board. Read More...

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Canadian existing home sales, prices jump in June
OTTAWA (Reuters) - Sales of existing homes in Canada jumped 31.5 percent in the second quarter from the first and saw their first year-over-year quarterly increase since before the peak of the financial crisis, the Canadian Real Estate Association said Read More...

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Are housing prices up or down?
Indexes vary Alia McMullen Financial Post CREDIT: Justin Sullivan, Getty Images CREDIT: Teranet, Andrew Barr, National Post CREDIT: The Canadian Real Estate Association, Andrew Barr, National Post The Canadian housing market is beginning to look like Read More...

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Canadian home resale prices rise to record in May
TORONTO (Reuters) - Resale prices for Canadian homes rose to their highest average on record in May, while sales activity climbed for a fourth straight month as consumer confidence strengthened, according to an industry report released on Monday. But Read More...

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Federal Budget 2009: Home Renovation Tax Credit
To stimulate economic growth and encourage Canadians to invest in improvements to their homes, Budget 2009 proposes to introduce a temporary Home Renovation Tax Credit (HRTC). The HRTC will provide meaningful tax relief to help Canadian homeowners make Read More...

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Federal Budget 2009: Home Buyers’ Plan
The Home Buyers’ Plan (HBP) allows first-time home buyers to withdraw amounts from a Registered Retirement Savings Plan (RRSP) to purchase or build a home without having to pay tax on the withdrawal. Budget 2009 proposes to increase the HBP withdrawal Read More...

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Federal Budget 2009: First-Time Home Buyers’ Tax Credit
Budget 2009 proposes to introduce a new non-refundable tax credit based on an amount of $5,000 for first-time home buyers who acquire a qualifying home after January 27, 2009 (i.e. the closing is after that date). The credit for a taxation year will be Read More...

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