D.Y. Joins KW Prestige: Elevating Real Estate Service in Montreal & Beyond

We are excited to announce that Dahan | Yassa Immobilier has officially joined forces with KW Prestige, one of the most respected brokerages in the industry. This strategic move marks a new chapter for our team and our clients across Montreal, Brossard, Laval, the Laurentians, and Monteregie.

Why KW Prestige?
Our decision to align with KW Prestige was driven by a shared commitment to delivering premium, client-first service. KW Prestige’s extensive resources, innovative technology, and collaborative culture will allow us to raise the bar even higher offering our clients unmatched support, marketing reach, and access to exclusive opportunities.

What Does This Mean for You?

• Expanded Services: Our clients will benefit from an even broader suite of residential, commercial, and luxury real estate services.

• Enhanced Marketing: With KW Prestige’s platform, every listing receives maximum exposure through industry-leading marketing and technology.

• Same Trusted Team: Our core values, personalized approach, and dedication to excellence remain unchanged. Jeremy and Eran will continue to lead every transaction with integrity and expertise.
  

Looking Ahead
As we enter this new phase, our priority remains clear: providing you with the highest level of service, market insight, and results. We are grateful for your continued trust and look forward to helping you achieve your real estate goals with the added strength of KW Prestige behind us.

For more information or to schedule a consultation, reach out to us anytime.

What Instagram Reels Don’t Show: The Hidden Perks of Montreal Luxury Condo Living

You’ve seen the quick tours, sleek kitchens, city views, maybe a flash of the pool. But Montreal’s luxury condos, especially those by Brivia and Broccolini downtown, offer a lifestyle that goes way beyond what fits in a 60-second reel. Here’s what you’re missing if you only follow the highlights on IG.

Amenities That Redefine Everyday Living

• Sky Lounges & Rooftop Terraces: Developments like YUL and 1 Square Phillips feature panoramic sky lounges and rooftop terraces. Perfect for unwinding or hosting friends with unbeatable city views.

• Wellness Beyond the Gym: Think spa-level pools, saunas, and even private gardens with jacuzzis (YUL Downtown). Some buildings add yoga rooms, boxing studios, and luxury spas (Mansfield Condos).

• Work & Play Spaces: Conference rooms, event spaces, and wine bars (Mansfield, Le Sherbrooke) let you host meetings or relax without leaving home.

Design Details You Only Notice In Person

• Premium Finishes: Floor-to-ceiling windows, marble bathrooms, and smart home automation are standard in these buildings, but the real magic is in the feel quiet hallways, curated lighting, and the way the city unfolds from your living room.

• Private Elevators & Lobbies: Some Broccolini projects offer private elevators and exclusive lobbies—privacy and prestige that don’t translate on video.

The Community Factor

• Curated Experiences: Concierge teams arrange everything from restaurant reservations to private events. Some buildings have partnerships with local gyms, restaurants, and even tailors, think true VIP living.

• Security & Peace of Mind: 24/7 security, smart building access, and attentive staff mean you feel safe and looked after, day or night.

More Than a View. A Lifestyle.

While reels capture the flash, the real value is in the day-to-day: returning home to a tranquil lobby, unwinding in a rooftop jacuzzi, or enjoying a glass of wine as the sun sets over the skyline. The best luxury condos in Montreal offer a lifestyle that’s curated, comfortable, and completely unique to the city.

Thinking about a move? Reach out for a private walkthrough, there’s a lot more to discover than what you see on Instagram.

Featured Developments:

• YUL Downtown (Brivia)

• 1 Square Phillips (Brivia)

• Mansfield Condos (Broccolini)

• Le Sherbrooke (Broccolini)

• 628 Saint-Jacques (Broccolini)

If You Flip Homes… This is BIG.

If you flip homes in the Montreal area, this may interest you.

We’ve secured exclusive rights to a modular home system that offer:

• Design-forward builds that can be completed ~40% faster than conventional construction
• Turnkey-ready structures with flexible layouts and premium finishes
• Full customization, ideal for creating resale oriented products with high visual impact

You only need to deal with one person (us) for the full pipeline:

• A dedicated construction team is already under contract
• I hold exclusive rights for this system in key growth corridors flagged for development
• Buyers are already showing interest

This is ideal for:

• Flippers looking to build and sell quickly (with full autonomy)
• Investors seeking high‑margin resale plays on land they already control
• Anyone tired of slow, bloated construction timelines

→ If you’re in the flipping space and want to explore a modular system that can deliver faster exits, modern design, and full resale upside reach out.

The Ultimate Guide to Navigating Montreal’s Rental Market in 2026

Navigating the Montreal rental market can be overwhelming, especially as demand, pricing, and regulations continue to evolve. Whether you’re a first-time renter, a seasoned investor, or a property owner looking to lease, understanding the current landscape is essential to making smart decisions.

Montreal Rental Market Overview

• High Demand in Key Areas: Neighborhoods like Downtown Montreal, Laval, Brossard, and the Laurentians remain highly sought-after.

• Average Rents: As of 2026, average rents for condos and apartments range from $1,200 to $2,500+ depending on location, amenities, and property type.

• Low Vacancy Rates: The city continues to experience low vacancy rates, making competition among renters strong.

Tips for Renters

1. Start Early: The best units are leased quickly. Begin your search at least 60 days before your target move-in date.

2. Prepare Your Application: Have references, proof of income, and a credit report ready to strengthen your application.

3. Prioritize Needs vs. Wants: List your must-have features (parking, proximity to transit, pet-friendly, etc.) to narrow your search.

4. Understand Your Rights: Familiarize yourself with Quebec’s rental laws, including lease terms, security deposits, and tenant protections.

Tips for Landlords

1. Price Competitively: Research comparable listings in your neighborhood to set an attractive, market-driven rent.

2. Screen Tenants Thoroughly: Check credit, employment, and references to ensure reliable occupancy.

3. Leverage Professional Services: Consider working with a real estate team to market your property, qualify tenants, and handle paperwork.

Rental Trends for 2026

• Luxury Amenities in Demand: Tenants are seeking modern kitchens, in-unit laundry, and building amenities like gyms and rooftop terraces.

• Short-Term Rentals: Regulations are tightening, so be sure to stay compliant if you’re considering this route.

• New Developments: Keep an eye on up-and-coming neighborhoods where new builds offer better value and incentives.

How D.Y. Can Help

Our team specializes in:

• Matching renters with the perfect property across Montreal, Laval, Brossard, and the Laurentians

• Handling contracts, offers and negotiations for prospective tenants.

• Helping landlords fill vacancies quickly through targeted marketing and rigorous tenant screening

• Providing concierge-level service: from lease negotiation to move-in support

Ready to make your next move? Contact us for expert guidance and exclusive access to the best rental opportunities the Montreal market has to offer.

Turnkey 4-Plex Investment: 7.77% Cap Rate in High-Growth Vaudreuil Corridor

Why Smart Investors Are Looking West of Montreal

While Montreal Island multifamily properties continue to command premium prices with cap rates hovering around 5-6%, savvy investors are discovering exceptional value in the communities west along the 20 corridor. Les Cèdres, positioned between Vaudreuil-Dorion and Hudson, represents one of the strongest opportunities in Quebec's multifamily market today.

We’re excited to present 1505-1507 Chemin Saint-Dominique - a fully modernized four-plex that delivers everything institutional investors look for: strong cash flow, recently upgraded systems, and significant appreciation catalysts on the horizon.

The Numbers That Matter

Listed Price: $874,900
Annual Revenue: $68,000 (all 4 units rented + garage)
Cap Rate: 7.77%
Municipal Evaluation: $415,500 (2021)

In today's market, finding a multifamily property with a sub-8% cap rate that doesn't require immediate capital expenditures is increasingly rare. This property delivers both income and peace of mind.

What Sets This Property Apart

1. Comprehensive System Modernization (2023-2025)

The current owners have invested significantly in infrastructure upgrades that eliminate the typical concerns buyers have with older multifamily buildings:

Septic & Plumbing:

• Brand new Bionest UV self-contained septic system with 25-year warranty

• New sump-pump pit and upgraded French drain with check valves

• Oro water treatment system installed

Electrical:

• Complete rewiring with copper throughout

• New fixtures and thermostats in all units

• Individual hydro meters for each unit (installation scheduled October 2025)

Structural & Exterior:

• Brick façade professionally repointed

• Foundation cracks sealed with elastomeric coating

• Rear deck rebuilt

• New paver driveway and walkway

2. Value-Add Opportunity Built In

Three of the four units have been fully renovated with:

• Modern kitchens (new cabinets, counters, appliances)

• Updated bathrooms (new vanities, tile, fixtures)

• New flooring throughout

• In-unit laundry

• LED lighting and efficient baseboard heating

The fourth unit remains in good condition but offers the opportunity for a buyer to add value through renovation and achieve above-market rents - effectively building equity through sweat equity or strategic capital deployment.

3. Operating Efficiency on the Horizon

The scheduled October 2025 installation of individual hydro meters for each unit will shift utility costs to tenants, immediately improving your net operating income without raising rents. This is a built-in NOI boost that takes effect shortly after closing.

Location: The Appreciation Catalyst

Les Cèdres sits in a sweet spot - close enough to Montreal (30 minutes to West Island) to attract commuters, but far enough to offer affordable rents and strong yields. The property benefits from:

• Proximity to Vaudreuil-Dorion commuter train - direct access to downtown Montreal

• Highway 20 access - easy connectivity throughout the region

• Local amenities - grocery stores, schools, services all nearby

• Quiet residential character - mature trees, established neighborhood

The Game-Changer: New Regional Hospital

The upcoming Vaudreuil regional hospital, scheduled to open in 2027, represents a transformational development for the area. Major medical facilities drive sustained housing demand through:

• Direct employment (doctors, nurses, administrative staff)

• Indirect employment (support services, retail, restaurants)

• Increased population and household formation

• Enhanced community infrastructure and services

Properties within commuting distance of new hospitals historically see rental demand surge and property values appreciate significantly in the 2-5 year window surrounding opening.

The Investment Thesis

For the income-focused investor:
At 7.77% cap rate with recently modernized systems, this property generates strong cash flow from day one with minimal capital expenditure risk for the next decade. The 25-year septic warranty alone provides extraordinary peace of mind.

For the value-add investor:
The fourth unrenovated unit presents an opportunity to force appreciation. A $15-20K renovation could increase rents by $200-300/month, adding $2,400-3,600 to annual NOI and $30,000-45,000 to property value (at current cap rates).

For the long-term hold investor:
The combination of strong current cash flow, minimal deferred maintenance, and the 2027 hospital opening creates a compelling long-term appreciation story alongside stable income.

Financial Snapshot: What Your Return Looks Like

Sample Acquisition Scenario:

• Purchase Price: $874,900

• Down Payment (20%): $174,980

• Mortgage: $699,920

• Annual Revenue: $68,000

• Estimated Annual Expenses: ~$15,000 (property taxes, insurance, maintenance reserve)

• Net Operating Income: ~$53,000

• Annual Debt Service (5.5%, 25-year amortization): ~$51,600

• Annual Cash Flow: ~$1,400 before principal paydown

Add mortgage principal reduction of approximately $13,000 in year one, and your total first-year return approaches 8% on invested capital - before any appreciation.

Due Diligence Highlights

• Minor oil spill professionally tested in 2024 (no remediation required)

• All major systems documented and warranted

• Current leases and tenant information available

• Full renovation receipts and permits on file

• Municipal permit approved for new fencing

Investment-Grade Fundamentals

This property exemplifies what institutional investors seek in multifamily assets:

1. ✓ Cash flow positive from day one

2. ✓ Recently modernized infrastructure

3. ✓ Strong location fundamentals

4. ✓ Multiple appreciation catalysts

5. ✓ Value-add opportunity for active investors

6. ✓ Minimal deferred maintenance risk

Schedule Your Private Tour

Whether you're looking to expand your existing portfolio or acquire your first multifamily property, 1505-1507 Chemin Saint-Dominique represents an increasingly rare combination of strong current income and compelling long-term value.

For more information or to schedule a private showing:
dy@mmontreal.com

Property Listing

Welcome to Our New Website: A New Standard in Montreal Real Estate

We’re thrilled to announce the launch of our new online home—a platform built to reflect the high-performance approach and client-first ethos that define our work across Greater Montreal.

Our Philosophy: Client Experience Above All

At the heart of our business is a simple commitment: client experience comes first. With nearly two decades at the apex of luxury sales, we—Eran and Jeremy—have built our partnership on a foundation of trust, expertise, and relentless pursuit of results. Our backgrounds in high-stakes automotive sales and luxury service have shaped a unique approach: every client receives tailored guidance, market insight, and the benefit of a hand-selected network of specialists.

What to Expect on Our New Website

• Meet the Team: Learn more about our story, our values, and what sets us apart in the Montreal real estate landscape.

• Current Listings: Explore a curated selection of residential properties—each presented with the attention to detail and discretion our clients expect.

• Client Resources: Access guides, market insights, and updates designed to empower buyers, sellers, and investors at every stage.

• Contact & Consultation: Connect with us directly for confidential consultations or to discuss your real estate goals.
  

Looking Ahead: Commercial Real Estate Division

We’re excited to share that in the coming year, we’ll be expanding into commercial real estate—offering specialized services for plexes and commercial office spaces. This new division will reflect the same strategic mastery, operational precision, and bespoke client care that have become our signature in residential real estate.

Experience the Difference

Our new website is more than a showcase—it’s a gateway to a partnership defined by clarity, confidence, and control. Whether you’re seeking a luxury residence, planning your next investment, or preparing for a commercial acquisition, we’re here to guide you every step of the way.

BoC’s Latest Key Interest Rate Cut to 3%

On January 29, 2025, the Bank of Canada announced a 25 basis point reduction in its target for the overnight rate, bringing it to 3%. This decision also included plans to conclude quantitative tightening and resume asset purchases in early March.

Understanding the Rate Cut

The reduction in the policy rate is a strategic move to stimulate economic activity. Lowering the overnight rate decreases borrowing costs for consumers and businesses, encouraging spending and investment. This approach aims to counteract economic challenges, notably the looming threat of significant U.S. trade tariffs.

Implications for the Real Estate Market

For the real estate sector, a lower interest rate environment can have several effects:

• Increased Buyer Activity: Reduced mortgage rates make home loans more affordable, potentially attracting more buyers into the market.

• Refinancing Opportunities: Homeowners may take advantage of lower rates to refinance existing mortgages, reducing monthly payments.

• Property Value Appreciation: Elevated demand can lead to an uptick in property values, benefiting sellers and investors.

Potential Risks

While the rate cut offers opportunities, it’s essential to remain mindful of potential risks:

• Market Overheating: An influx of buyers could lead to inflated property prices, creating affordability issues.

• Economic Uncertainty: The possibility of U.S. tariffs introduces uncertainty, which could impact economic stability and, by extension, the housing market.

Conclusion

The Bank of Canada’s recent policy decisions are designed to bolster the economy amid external challenges. For those in the real estate market, staying informed and adaptable will be key to navigating the evolving landscape.

New Listing: Chateau Shannon, Beaconsfield.

Welcome to 155 Shanon Park, a stunningly renovated 4-bedroom, 2.5-bathroom home in prestigious Beaconsfield. Built in 1964 and extensively renovated in 2021, this property showcases premium materials, high-end appliances (Maytag & Thermador), and modern elegance throughout. The landscaped exterior offers curb appeal and privacy, complete with a garage and driveway.Located in a quiet, family-friendly area near top schools (Saint-Rémi & Félix-Leclerc), it's minutes from Gare Beaurepaire, Fairview Shopping Center, Costco, and more. Enjoy the perfect blend of tranquility and convenience.

This meticulously renovated residence spans from the basement to the second floor, offering a harmonious blend of contemporary design and timeless elegance.

Interior Features:

Gourmet Kitchen: Equipped with top-of-the-line Thermador appliances, this kitchen is a chef's dream. The sleek design is complemented by high-end finishes and ample storage space. Luxurious Bathrooms: Each bathroom features premium Kohler sinks and fixtures, ensuring a spa-like experience in the comfort of your home. Coffee and Wine Bar: A stylish coffee and wine bar, complete with a wine fridge, creates the perfect ambiance for entertaining or unwinding. Natural Light: Expansive windows throughout the home flood the space with natural light, creating a warm and inviting atmosphere. Flooring: The entire home boasts exquisite 8" white oak floors, adding a touch of sophistication to every room. Layout:

Bedrooms: Four spacious bedrooms offer comfort and privacy, making this home ideal for families. Living and Dining Areas: The open-concept living and dining rooms provide ample space for gatherings and daily living. Exterior and Surroundings:

Outdoor Space: A brand-new concrete inground pool and a large yard make this property perfect for summer relaxation and entertaining. Driveway: A generous 4-car driveway adds convenience and practicality. Lush Greenery: Surrounded by mature trees and parks, the property offers a serene and private setting. Community and Amenities:

Transportation: The home is conveniently located near the Beaconsfield train station, offering easy access to downtown Montreal. Additionally, several STM bus lines service the area. Education: Situated within an exceptional school district, families have access to some of the best educational institutions in the region. Shopping and Dining: Popular restaurants, grocery stores, and the Beaconsfield Library are all nearby, ensuring all your daily needs are met. Experience the perfect blend of luxury and convenience at 155 Shannon Park. With its thoughtful renovations and exceptional outdoor features, this home is not just a place to live but a lifestyle to embrace.

Click here to view the full listing

Why a New Condo in Nun’s Island is the Perfect Investment

If you’re looking for a blend of urban sophistication and tranquil living, Nun’s Island in Verdun, Montreal, is calling your name. Known for its stunning natural surroundings, high-quality infrastructure, and community vibe, this exclusive area is becoming one of the city’s most sought-after condo markets. Here’s why buying a new condo in Nun’s Island is not just a lifestyle choice but a sound investment.

Prime Location

Nun’s Island enjoys a strategic location just minutes away from downtown Montreal. It offers the perfect balance of connectivity and escape. Imagine starting your day with a peaceful walk by the St. Lawrence River and then seamlessly transitioning to the bustling streets of the city center for work or leisure.

Modern Living

New condos on Nun’s Island boast cutting-edge architecture, energy efficiency, and innovative designs. Builders in the area are incorporating premium materials and state-of-the-art amenities like smart home systems, rooftop terraces, pools, and wellness centers. These spaces are designed to meet the needs of today’s discerning buyer, ensuring long-term value.

A Haven for Nature Lovers

Verdun has been recognized for its green spaces, and Nun’s Island takes this to another level. Surrounded by parks, trails, and waterfront views, the island feels like an urban oasis. Kayaking, cycling, or simply unwinding in nature are part of everyday life here. For families, professionals, and retirees alike, this natural beauty is priceless.

Rising Property Values

Nun’s Island has consistently shown an upward trend in property values. With ongoing developments and its desirable reputation, purchasing a condo here is a solid financial decision. Whether you’re looking for a primary residence or an investment property, Nun’s Island offers both stability and growth potential.

A Close-Knit Community

Living in Nun’s Island isn’t just about owning a condo; it’s about becoming part of a vibrant, welcoming community. With excellent schools, boutique shops, and local restaurants, the area caters to all lifestyles. Residents often speak of the unique sense of belonging and safety that makes this place special.

Verdun: A Borough on the Rise

Verdun has transformed into one of Montreal’s trendiest boroughs, offering diverse dining options, cultural events, and award-winning urban planning. Nun’s Island, as a part of Verdun, benefits from these advancements while maintaining its distinct character.

Low Maintenance, High Enjoyment

New condos are perfect for those who value convenience. With warranties, modern building materials, and low-maintenance lifestyles, you can focus on enjoying life rather than dealing with home repairs or upgrades.

Recommended Condos

• Mille Vert

• Mil20

• Evolo

• Symphonia Viu

CONSTRUCTION UPDATE: Les Hymnes des Trembles

As the snow blankets the picturesque slopes of Mont-Tremblant, excitement for the upcoming ski season is in full swing. Sounds about time then for some significant construction updates on L’Hymne des Trembles, a unique development designed to redefine luxury living in the heart of nature.

Here’s the latest progress on this extraordinary project:

1. Private Chairlift Nearing Completion

The Doppelmayr Alpen Star Fixed Grip Quad Chairlift is a game-changer for ski enthusiasts. With both top and bottom stations already in place, the installation of cables and chairs is set for early 2025. This development brings residents closer to enjoying seamless ski-in, ski-out access to the slopes, offering unparalleled convenience and exclusivity.

2. Condominium Construction Advancing

Two of the condominium buildings are making great strides. The wood framing is well underway, with the second level already in place. These beautifully designed spaces promise to offer an idyllic lifestyle surrounded by stunning mountain views.

3. Progress on Townhomes

The townhome foundations are now fully complete, and the team plans to begin wood framing in early 2025. These homes are a perfect blend of luxury and nature, marking a major milestone in the creation of this tranquil mountain community.

4. Single-Family Homes Taking Shape

Several single-family homes have reached significant construction milestones, with foundations and first-floor wood framing already in place. These homes will offer unparalleled privacy, modern design, and direct access to the serene wilderness of Mont-Tremblant.

5. Private Roads Completed

The private road network connecting the townhomes and condos to the main road is now finished. Full road paving is scheduled for fall 2025, ensuring convenient access while preserving the pristine environment of the area.

Looking Ahead to 2025

As the L’Hymne des Trembles project progresses, it continues to set new standards in ski-in, ski-out living. Whether you’re drawn to the luxurious condos, elegant townhomes, or private single-family homes, this development promises a lifestyle that harmonizes modern comforts with the beauty of Mont-Tremblant.

Le Cartier Condos: Worth $2500+/Month?

Le Cartier, located at 3410 Peel Street in Montreal’s Golden Square Mile, is a rental property synonymous with luxury. With prices starting at $2,600 for a one-bedroom unit and going up to $8,500 for larger units, many renters wonder if the premium is justified. Let’s break it down.

Location: Paying for Prestige

Le Cartier sits in one of Montreal’s most sought-after areas, the Golden Square Mile. Residents enjoy proximity to McGill University, Mount Royal Park, and downtown’s vibrant culture. The corner of Peel and Sherbrooke streets offers breathtaking views of the city skyline and St. Lawrence River, which alone adds a layer of exclusivity .

Luxury Amenities

The building isn’t just about a prime address—it’s a lifestyle. Highlights include:

• A rooftop pool with city views.

• A state-of-the-art fitness studio on the 30th floor.

• Valet parking and a 24/7 concierge service.

• Co-working spaces, a private conference room, and complimentary Wi-Fi in common areas.

• Refrigerated storage for grocery deliveries—a rarity in rentals.

These amenities are geared toward professionals and families who value convenience and modern living.

The Units: Designed to Impress

Each apartment boasts high-end features: wide-plank flooring, recessed lighting, custom cabinetry, and large windows that maximize natural light. The design is both timeless and functional, appealing to renters seeking sophistication .

But the Price?

Comparable rentals in the Golden Square Mile typically cost $400-$500 less. However, those properties may lack Le Cartier’s extensive amenities and high-end finishes. For those who prioritize lifestyle perks, the premium might be worth it. Yet, for cost-conscious renters, the price difference could be a dealbreaker.

Verdict

Is Le Cartier worth $2,500+ per month? The answer depends on what you value most in a rental property. If location, luxury amenities, and high-quality design are your priorities, Le Cartier delivers in spades. For renters on a tighter budget, nearby options may provide better value while sacrificing some perks.

Want to discuss your next rental or explore other options in Montreal? Reach out—I’m here to help you navigate the market!

M Immobilier Introduces The Study

In my agency’s ongoing effort to consistently deliver extraordinary experiences, we are expanding our space to introduce The Study - a tranquil new space within M sur Drummond.

This thoughtfully designed addition provides a serene reprieve from the bustling downtown atmosphere, offering a refined environment for focused work, quiet collaboration, and restful relaxation.

Members and guests will enjoy an open co-working area, private rooms for long-term exclusivity or flexible use, and the exclusive Bar Florence — a private speakeasy discreetly tucked behind a trick bookshelf. Named after Florence Stancliffe, the first woman to join any golf club in North America, Bar Florence features a state-of-the-art golf simulator and full bar, making it the perfect venue to host clients for cocktails or unwind after a productive day.

The Study embodies the core values of M sur Drummond - elevating the member experience by blending the vibrancy of the city with a calm, purposeful space.

New Listing: Wellington Sur Le Bassin

4 MONTH RENTAL: Welcome to 100 Murray. Fully Furnished & Decorated 1 Bed / 1 Bath Condo for 4 Month Rental. Experience luxury living in the heart of Griffintown at Wellington sur le Bassin. This modern condo offers a unique blend of style and convenience, perfect for those seeking a sophisticated urban lifestyle. Located steps away from vibrant restaurants, cafes, and boutique shopping. With easy access to public transit, parks, and the Lachine Canal, this property is ideal for urban professionals and those who love the convenience of city living.

Unit Features

*Spacious layout with an open-concept living and dining area.
*Sleek kitchen featuring high-end appliances and quartz countertops.
*1 bedroom / 1 bathroom with large windows offering abundant natural light.
*Private balcony, perfect for enjoying panoramic views of the city and Bassin Peel.
*Contemporary bathrooms with premium fixtures and designer touches.
*In-unit laundry for added convenience.
*Central air conditioning

Building Amenities:

*Rooftop terrace with stunning views of downtown Montreal.
*Outdoor swimming pool and sundeck.
*Fully equipped fitness center.
*Common lounge and meeting rooms.
*24/7 security and concierge services.
*Indoor parking and storage available.

Fed Raises Insured Mortgage Cap from $1 Million to $1.5 Million: What This Means for Homebuyers

In a significant move aimed at addressing the rising cost of homeownership, the Federal Reserve recently announced an increase in the price cap for insured mortgages from $1 million to $1.5 million. This adjustment is part of a broader strategy to accommodate shifting housing market dynamics and ensure that more buyers have access to federally insured loans as home prices soar. Here's what the change means for homebuyers, the housing market, and mortgage lenders.

What Are Insured Mortgages?

Insured mortgages are loans backed by the federal government, typically through programs like the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). These programs protect lenders from potential losses if a borrower defaults on their mortgage. In exchange, homebuyers often benefit from lower down payment requirements and more lenient credit qualifications compared to conventional loans.

Traditionally, insured mortgages have been capped at a specific dollar amount to limit the size of the loans the government guarantees. Until recently, that cap stood at $1 million, meaning that any loan amount exceeding this threshold would not qualify for federal backing. However, with the recent increase to $1.5 million, more homes — particularly in high-cost urban markets — will now fall under the umbrella of federally insured mortgages.

Why the Increase?

The decision to raise the cap is largely driven by skyrocketing home prices across the country, especially in major metropolitan areas. In cities like San Francisco, New York, and Los Angeles, the median home price has far surpassed the $1 million mark, making it increasingly difficult for homebuyers to secure financing without resorting to jumbo loans — a type of loan that comes with stricter requirements and higher interest rates.

By increasing the insured mortgage cap to $1.5 million, the Fed is providing more flexibility to borrowers in these high-cost markets. This change will make homeownership more accessible for buyers who may not qualify for jumbo loans but still need financing that exceeds the previous $1 million limit.

How Homebuyers Benefit

For potential homebuyers, this change can be a game-changer. The increased cap allows for:

1. More Affordable Loans: Insured mortgages typically come with lower interest rates compared to jumbo loans, which are not backed by the government. This means that borrowers can now finance homes in the $1-1.5 million range without facing the higher costs associated with non-conforming loans.

2. Lower Down Payments: Insured mortgages often require smaller down payments than conventional loans. With the new cap, buyers can potentially purchase homes worth up to $1.5 million with down payments as low as 3.5% in some cases, depending on their loan program and qualifications.

3. Expanded Access for First-Time Homebuyers: The increase may make homeownership more achievable for first-time buyers in high-cost markets, who often struggle to afford a home priced above $1 million. Programs like FHA loans, which have less stringent credit requirements, are now more applicable to a wider range of home prices.

Impact on the Housing Market

The increase in the insured mortgage cap is expected to have a ripple effect on the housing market, particularly in cities where homes priced between $1 million and $1.5 million are common. Some potential impacts include:

Increased Buyer Competition: With more financing options available, demand for homes in the $1-1.5 million range could increase, leading to heightened competition in these markets. This could drive prices even higher in some areas.

Boost in Home Sales: The increased cap could stimulate more transactions, as buyers who were previously priced out of the market due to loan limits can now secure financing for higher-priced homes.

New Construction Surge: Homebuilders may respond to the increased demand by focusing more on homes in the $1-1.5 million price range, leading to an uptick in new construction projects targeting this segment of the market.

What Homebuyers Should Consider

While the new mortgage cap offers greater flexibility, there are still important considerations for prospective buyers. Here are a few key points to keep in mind:

Loan Qualification: Although the cap has increased, buyers still need to meet qualification requirements for federally insured mortgages, including income, credit score, and debt-to-income ratio criteria. Higher loan amounts may also require stricter underwriting.

Housing Affordability: Even with a higher cap, buyers should be cautious about stretching their budget. With interest rates fluctuating, it's important to consider long-term affordability and ensure that monthly mortgage payments fit comfortably within your financial plan.

Market Timing: While the cap increase provides new opportunities, timing your purchase remains critical. If the housing market is overheated, buyers may want to weigh the risks of purchasing in a competitive environment with potential for further price increases.

What It Means for Lenders

Mortgage lenders will likely see an increase in demand for loans in the $1-1.5 million range, as more buyers will now seek insured mortgages instead of jumbo loans. This could lead to a broader customer base and more competition among lenders to offer attractive loan terms.

Additionally, lenders may need to adjust their underwriting processes and risk assessments to accommodate the higher loan amounts. While the government backing reduces their exposure to risk, the larger loans still require careful consideration of borrowers' ability to repay.

A Positive Move for Homebuyers

The Federal Reserve's decision to raise the insured mortgage cap from $1 million to $1.5 million reflects the realities of today's housing market, where home prices in many regions have far outpaced previous limits. For homebuyers, this move represents a new opportunity to secure affordable financing for higher-priced homes, particularly in high-demand areas.

As the housing market continues to evolve, this change could help to bridge the gap between affordability and homeownership for more Americans, while also stimulating growth and activity in the real estate sector. Homebuyers should take advantage of this policy shift but remain mindful of their financial limits as they navigate an increasingly competitive market.

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BoC Cuts Interest Rate for 3rd Consecutive Time

The Bank of Canada (BoC) made its third consecutive rate cut of the year, reducing the key interest rate by 25 basis points to 4.25%. This move is part of the central bank’s ongoing efforts to combat slowing inflation and manage economic slack, reflecting a cautious yet steady approach to monetary easing.

Context and Reasoning Behind the Rate Cut

The BoC’s decision to lower the interest rate stems from the broader easing of inflationary pressures in Canada. Inflation, which had been a primary concern for policymakers, has shown consistent signs of cooling, with the Consumer Price Index (CPI) dropping to 2.5% in July 2024. This marked progress towards the BoC’s target inflation rate of 2%, providing the central bank with the confidence to proceed with further rate cuts.

Governor Tiff Macklem emphasized that while inflation is easing, the Canadian economy continues to face challenges, particularly in terms of economic growth and employment. The BoC is closely monitoring these areas, with a focus on ensuring that the economy does not slow down excessively, which could result in inflation dropping too far below the target.

Impact on Canadians

The immediate impact of this rate cut is a potential reduction in borrowing costs for Canadians, particularly those with variable-rate mortgages or loans. As the BoC’s rate influences the prime rates set by commercial banks, borrowers may see lower interest payments, which could ease financial pressure on households.

However, the effect on fixed mortgage rates might be less pronounced. Since these rates are more closely tied to bond yields, which had already anticipated the rate cut, significant changes in fixed mortgage rates are unlikely in the short term.

Looking Ahead: What to Expect

The BoC’s latest cut is expected to be part of a series of gradual reductions as the central bank aims to support economic growth without allowing inflation to dip too low. With two more policy announcements scheduled for later this year, many economists anticipate further rate cuts, possibly bringing the rate down to as low as 3.75% by year-end. This cautious approach aligns with the BoC’s commitment to data-driven decisions, ensuring that monetary policy remains responsive to economic conditions.

In summary, the Bank of Canada’s recent rate cut reflects ongoing efforts to balance inflation control with economic support. Canadians can expect continued adjustments in interest rates as the BoC navigates the complex economic landscape of 2024

The Most Unique Apartment You’ve Ever Seen

This week, I was off to Old Montreal to visit a very interesting unit with a client. Located in an ominous building on Notre Dame street, as soon as I stepped into this place, I knew it was one of a kind. Don’t get me wrong, I’ve seen a handful of very eclectic spots, especially in Old Montreal, but this one takes the cake. The sheer amount of individuality and amenities in this particular apartment just can’t be beat.

One of the most standout parts, all the bedrooms have a theme that they’ve been decorated with including a Simpsons Room. Yes, a Simpsons room. The furniture is also some of the nicest I’ve seen, some of which I’ve actually coveted for years including a work desk made from the riveted steel wing of a 50’s fighter plane. Another unmissable feature is the HUGE terrace. So huge in fact that I asked how many units in the building have access to the terrace. The answer? None, this enormous terrace is private and only for this unit. On this terrace, you will also find a dome with a small bedroom and access to the living room.

Interested? Contact me today to visit!

Upcoming: M Chelsea Space

Situated in Old Chelsea, the picturesque Outaouais town known as the gateway to Gatineau Park, M Chelsea has been designed as a reflection of the timeless elegance and charm of the region combined with our signature brand of stylish sophistication. Featuring an intimate meeting room, private workstations, and The Green Room — M Chelsea is the natural evolution of our dedication to the client experience.

The Chelsea Lobby

The first impression. Influenced by leaders in luxury hospitality, The Lobby is a space designed to warmly welcome members and their guests as they arrive. Here, our dedicated host will hang coats, check guests in for reservations and invite them to enjoy a coffee or cocktail in The Green Room ahead of their meeting.

The Green Room

Attended to by our dedicated host, The Green Room offers our members and their guests unfettered access to our bespoke beverage program which includes private-label coffee, Camelia Sinensis teas, wine and a choice of beer and mineral waters on tap. Additionally, The Green Room also provides a comfortable and elegant setting for solo work or informal meetings.

Exclusive Discounts at Sherwin Williams Paint

I’m thrilled to announce that my agency, M Immobilier is partnering with the fine people at Sherwin-Williams. What does this mean for my clients? It means, unbeatable discounts on the entire Sherwin-Williams® product line!

When it comes to making a house feel like home, we all know how impactful a fresh coat of paint can be.

Whether prepping a house to hit the market, giving your new house a personal touch, or simply touching up some lived-in spots that could use a little TLC, Sherwin-Williams has the product you need to show any home in its best light.

Contact me for instructions on how to redeem your discount.

Off Market Listing: 375 St Paul E. For Rent.

OFF MARKET LISTING!

I’ve got one hell of a place for you today. Welcome to 375 St Paul. This 5 unit apartment building is located in the heart of the Old Port. Look out the window and you’ll see Market Bonsecour and La Cave a Manger, right across the street. To your right sits Maison St Paul. Suffice to say, you’re right in the middle of the action.

This 2 Bed / 1 Bath Apartment is FULLY furnished and decorated with plenty of space at 1150 sq-ft.

$3500/m

Contact me now to book a visit.

Rate Update

We’re back for another rate update!

In the last 14 days, we saw bond yields tank by more than 50 basis points. This is due to markets rethinking clingy inflation after last week’s US data.

Market implied odds of a rate cut at the BoC’s nest rate announcement (July 24th) are now at 64%. Not to shabby right?

A lot of movement in the yields indicate that we may see some reductions in the fixed rate offerings later this week.
 Fingers crossed!

In regards to inflation, if things continue to progress as we’ve been seeing, we may just see the 5 year fixed insured rates at 3.99% before winter time.

All in all, looks like we’ve got a treasure trove of good news to enjoy summer with!

To discuss your real estate plans, please contact me!