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real estate canada

It appears that American interest in Canadian real estate is on the rise as our southern neighbours gear up for today's 2024 U.S. presidential election, and so many of them are considering moving to Quebec.

A new report from Royal LePage reveals that U.S. residents have shown a marked surge in curiosity about moving to Canada. Visits to the company's website from Americans spiked by more than double back in June, right when the election season kicked off. That surge hasn't let up and is seeing renewed attention as election day arrives.

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Renters in Montreal are feeling the pinch as they face rising costs, mirroring a trend across Canada. Montreal rent has seen prices for both one and two-bedroom apartments climb. The median for a one-bedroom reached $1,590 in October, while a two-bedroom now costs $2,100, according to the new Zumper Canadian Rent Report.

Drawing on data from over a million active listings, Zumper paints a picture of the current rental landscape in Canada's top 100 cities by population, including trends in Montreal. The latest data suggests a pause in the rate of rent increases could be on the horizon, based on a pattern observed nationally over the past two months.

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The average home price in Canada could reach its lowest point in two years, according to a forecast by TD economist Rishi Sondhi published by the bank on January 10. The expert is predicting a decline of about 20% compared to the price peak in 2022.

According to the forecast, the national average home price could "bottom out" at around $600,000, down from an estimated $750,000-$800,000 high in 2022.

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Montreal's housing situation is so bad that the city has been firmly knocked from its once-respectable spot on global real estate affordability lists. But the Institut de recherche et d’informations socioéconomiques (IRIS) asserts there are three myths — around how we compare to other cities, current housing supply, and governments' role in the situation — that overshadow the full extent of the local housing crisis.

A new IRIS study not only counters misconceptions about how Montreal sizes up against other cities, whether more houses should be built, and if the government should be considered a housing "saviour," it also underscores how those beliefs could be harming the future of the housing market.

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Prices for Montreal homes for sale have jumped in recent years, making it tough to find something remotely affordable in the city. Luckily there are still some homes in the 514 that are under $400,000, including this spacious family home located in Rivière-des-Prairies.

Coming by a family home for a decent price in Montreal is no easy feat, but there are a few hidden gems if you look hard enough.

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With luxury home sales on the rise, it's no shock that this Quebec home for sale is currently on the market. Located only 45 minutes outside of Montreal, this stunning Rosemère condominium is the perfect combination of both modern and rustic that give off the ultimate Hogwarts castle vibes.

The two-bedroom and two-and-a-half-bath property spans nearly, 2,300 square feet and will cost you a mere $1,145,000 — but can you really put a price tag on a home as mystical as this one? Especially considering it's located in the reputable Le Manoir Bleury-Bouthillier.

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With Montreal luxury home sales on the rise, we're diving into some of the city's most stunning properties on the market, including this Westmount estate that is giving us serious Gossip Girl vibes. The home is for sale through Martin Rouleau and Engel & Völkers and costs a whopping $7,500,000 — which wouldn't be much for Blair Waldorf or Serena van der Woodsen.

Located in "the flats" a very sought-after area in Westmount, this 5,400 square foot home is described as the perfect combination of traditional elegance and modern comfort, and we couldn't agree more.

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