Median condo prices in the Montreal area are up 20% compared to last August, according to a report by the Quebec Professional Association of Real Estate Brokers (QPAREB). But some areas saw even bigger price increases.
The report looked at several general areas within the greater metro area, including Montreal Island, the North and South Shore, Laval, and the MRC of Vaudreuil-Soulanges.
Of these, the report shows the North Shore saw the biggest increase in median condo prices between August 2020 and August 2021 with a 27% jump.
The QPAREB used data from Centris for the report and calculated median prices by dividing "all transactions into two equal parts: 50 percent of transactions concluded at a lower price than the median price and 50 percent concluded at a higher price."
The association noted that "some transactions may be excluded from the calculation to obtain a more meaningful median price."
The new menu is called "Fantasy Island" and, according to a post on Le Bleu's Instagram page, it was designed with the goal of "celebrating back to school + the end of an amazing summer with a touch of magic."
"Welcome to our imaginary world where anything is possible," it says.
The menu definitely lives up to the theme, and even the names of the new desserts evoke feelings of magic and wonder: Le Rainbow Fun, Le Unicone, Le Choco Lalaland, Le Unicorn Cake, Le Papillon Magique and Le Mermaid Cocktail.
Le Rainbow Fun is a very groovy-looking milkshake (flavour of your choice) topped with a piece of rainbow cake, candies, two cookies, and cotton candy. Le unicone is a waffle cone filled with vanilla ice cream and topped with glitter-like sprinkles that takes the shape of an actual unicorn.
Le Choco Lalaland is a gigantic tower of different desserts. It's made with your choice of milkshake, a mountain of brownies, chocolate cake, a donut, fruits, a magnum ice cream bar, and a brownie cupcake. Le Unicorn Cake is your choice of a slushie, lemonade, tornado, iced coffee or milkshake topped with a piece of vanilla unicorn cake.
Le Papillon Magique, or magic butterfly in English, is a special sugar cone filled with strawberry ice cream, sprinkles and a colourful little butterfly. Le Mermaid Cocktail is cotton candy lemonade topped with aqua whipped cream, sprinkles and a mermaid tail.
"Originally from Cambodia, the two owners have operated the family business almost single-handedly for the past two decades [...] This kind of accessible, local business is essential in a neighbourhood like Hochelaga-Maisonneuve, especially on Sainte-Catherine Street," said Leduc.
Leduc said the couple decided to retire after the building's owner did not renew the lease due to "real estate speculation." In other words, an opportunity to buy low and sell high.
Oun told MTL Blog she plans to "put the keys in the door" in one month, around mid-September.
Closing Sale At Dollar Ronald
Discount: 25% off food and 50% of everything else
When: August 9 until close (approximately mid-September)
Address: 4787, rue Sainte-Catherine E., Montreal, QC
Why You Need To Go: Wish the family-run Dollar Ronald farewell while saving on discounted goods, such as items for your home, parties, crafts, DIY, canvas, stationery, and more.
You Need An Income Over $100,000 To Afford An Average Montreal Home, ...
The Soviet Union was still a thing, Bob Gainey was captain of the Habs, and Michael Jackson was topping the charts the last time Montreal's real estate market was this out of control.
That's the message behind the National Bank of Canada's latest housing affordability report, released August 3, which says the city's home prices are climbing at their fastest pace in almost 40 years.
The report, "Housing affordability worsens by the most in 27 years in Q2 2021," found affordability decreased in all ten markets studied with Montreal home prices increasing 19.8% over the past year, a figure "surpassed only by Hamilton and Ottawa/Gatineau, and the highest annual growth since 1983 for the city."
The price of a representative non-condo home has reached $492,777 and one would need an annual household income of $100,489 to afford one (you'd also need to save for 42 months to come up with a down payment), according to National Bank.
Conversely, the price of a representative condo reached $356,443 and you'd need a household income of $72,688 for one of those.
The good news is Montreal remains more affordable than the average of the markets covered (especially compared to pricey Toronto and Vancouver), so there's that.