Are you ready to buy real estate in Montreal ???
If the answer is YES, DON'T !
It is the worse time in Montreal history to buy real estate.
Speculator are everywhere and interest rate have only one way to go : UP.
Do you know that Montreal is the city in Canada that is the most overvalued? More overvalued than Toronto, Vancouver, etc.
There is a real disconnect between real estate price and revenue right now.
Realtor, bank will tell you that it is all different here, but the truth it is not.
On this blog, I will post links and tips to illustrate the over valuation of Real Estate in Montreal.
Feel free to post your comments, links =)
English or Francais can be used in the comments section.
Today Links
"Le Mouvement Desjardins prévoit une baisse des prix des condos de 5 à 10%, à Montréal et à Québec, d'ici la fin de l'année 2014.
L'économiste Hélène Bégin note également que l'offre importante de condos non vendus à Montréal aura un effet à la baisse sur les prix."
Revisiting important post-impending construction slowdown and montreal sales declineshttp://theeconomicanalyst.com/content/revisiting-important-post-impending-construction-slowdown-and-montreal-sales-declines
No Bullsh*t Guide to Real Estate in Canada
http://www.patrickgunville.com/wp-content/uploads/2013/07/No_BS_Guide_to_Real_Estate_in_Canada.pdf
Canadian home prices over discounted rent valuation: severly overvalued by 39%
http://pacificapartners.com/blog/2012/12/07/the-canadian-real-estate-housing-correction-chartbook/
Yaya
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