Discover our in-depth analyses and perspectives on the Montreal real estate market
At Langevin Immobilier, our articles are designed to provide you with relevant and useful information on the real estate market in Montreal and its surrounding areas. Whether you are looking for ad... At Langevin Immobilier, our articles are designed to provide you with relevant and useful information on the real estate market in Montreal and its surrounding areas. Whether you are looking for advice on buying or selling a property, or want to stay informed about industry trends, our experts share their expertise to guide you. Dive into a wealth of enriching resources on buying, selling, and investing in real estate, for successful transactions.
On December 11, 2024, an important milestone was reached for the Canadian economy: the Bank of Canada announced a reduction in the key interest rate to 3.25%. This decision, expected by many economic players, will have major consequences, particularly for the real estate market. What is the key interest rate and why is it important? The key interest rate is the Bank of Canada's main tool for influencing the economy. It determines the cost at which commercial banks borrow money in the short term. When it decreases, it immediately has repercussions on mortgage interest rates, lines of credit, and savings products. A reduction in the key interest rate to 3.25% is one of the lowest observed in recent years, making this an ideal time to carry out your real estate transactions. 1. Increased accessibility to real estate The main impact of the reduction in the key interest rate is a decrease in mortgage interest rates. This means that buyers can borrow more with lower monthly payments. For example, a mortgage rate of 5% could drop to around 3.5%, significantly reducing the overall cost of a real estate loan. At Langevin Immobilier, we are already seeing an increase in inquiries from potential buyers interested in condos, duplexes, and family homes. This decrease promotes home ownership for young families, first-time buyers, and even investors. 2. Increase in property values A low interest rate environment stimulates real estate demand. This increased demand often leads to an increase in property prices, particularly in attractive markets like Montreal and the South Shore. As a major player in these sectors, Langevin Immobilier is perfectly positioned to maximize the value of your transactions. If you are a homeowner, now is the ideal time to sell. Our statistics show that 27% of the properties managed by our team are sold in a bidding war, with an average of $26,000 extra for sellers. The combination of a low key interest rate and our expertise guarantees optimal results. 3. Revitalization of real estate investment The drop in rates also benefits investors. With lower borrowing costs, real estate investors can more easily finance the purchase of multi-unit buildings or rental properties. The latter represent a long-term opportunity, offering stable income in a context where rental demand remains high. At Langevin Immobilier, we support our investor clients thanks to our Lange2.0 tool, an AI that analyzes market trends to identify the best opportunities. Whether you are looking to acquire a plex in Rosemont or a rental property on the South Shore, we are your strategic partner. 4. Increased mobility for sellers Lower rates also encourage existing homeowners to list their homes to finance the purchase of larger or better-located properties. This creates a positive dynamic in the market, increasing the number of transactions and offering more choice to buyers. With Langevin Immobilier, we facilitate these transitions thanks to our cutting-edge marketing strategies and our expertise in property enhancement. Our international Royal LePage network ensures maximum visibility, attracting local and foreign buyers. 5. An opportunity to renegotiate your mortgage Existing homeowners can also take advantage of this drop to renegotiate their mortgage. A reduction of a few percentage points can represent significant savings over the life of a loan. Our experts at Langevin Immobilier collaborate with financial partners to offer the best mortgage solutions. 6. A boost to the local economy Finally, the reduction in the key interest rate also supports the overall economy. It stimulates consumption, increases household confidence, and encourages investments. In neighborhoods like Villeray, Rosemont, or Little Italy, this revival is reflected in an increase in renovation projects and the enhancement of existing properties. Langevin Immobilier is part of this dynamic by collaborating with local partners such as A Design and Maison H to guide clients in their renovation projects. These initiatives reinforce the value of properties and improve the living environment of residents. Why choose Langevin Immobilier? In this favorable context, the choice of the right real estate partner is essential. Langevin Immobilier stands out through: • An experienced team: Our brokers leverage their expertise to maximize your opportunities. • Innovative tools: Lange2.0, our AI software, identifies the ideal buyers for each property. • An international network: With Royal LePage, your properties benefit from global visibility. • Personalized support: We adapt our strategies to your unique needs. Whether you are a buyer, seller, or investor, Langevin Immobilier is your ally to navigate this evolving market. A decision that redefines the real estate landscape The reduction
Langevin Immobilier regularly organizes events that bring together professionals, clients and partners from the sector. From educational workshops to investor meetings, these opportunities are perf... Langevin Immobilier regularly organizes events that bring together professionals, clients and partners from the sector. From educational workshops to investor meetings, these opportunities are perfect for building relationships and discovering our innovative strategies. Participate in our upcoming events to enrich your network and obtain valuable advice for your future transactions.
Exclusive live not to be missed! Join us on September 27 at 12pm for a live session on "The 4 personality types for better communication". 🔴 Live exclusive not to be missed!Join us on September 27 at 12pm for a live chat on “The 4 personality types for better communication” 💬✨Whether you’re in real estate or not, improving your interactions can make all the difference.🎯 Come and discover simple, effective tips for adapting your communication to each personality type! 📅👥 👉 See you here at 12pm on 27/09!
Read articleIn our video capsules, dive into the heart of real estate with our experienced brokers. From Rosemont to Villeray to Outremont, our videos give you an overview of our flagship properties and our me... In our video capsules, dive into the heart of real estate with our experienced brokers. From Rosemont to Villeray to Outremont, our videos give you an overview of our flagship properties and our method for successful transactions. Benefit from expert advice, market analyses, and inspiring stories to optimize your investments.
https://www.youtube.com/watch?v=T4dTNLwkdCkIn this video, Margaux and Aurore reveal the major interior design trends for 2024! Discover what's in fashion and what's outdated this year. Learn how to incorporate the new trends into your home to stay at the forefront of style.Don't miss Margaux and Aurore's tips for a trendy and modern interior!
The real estate market is a dynamic and complex environment that fluctuates based on various economic, social and political factors. In Montreal and its surrounding areas, recent trends show sustai... The real estate market is a dynamic and complex environment that fluctuates based on various economic, social and political factors. In Montreal and its surrounding areas, recent trends show sustained demand, driven by a growing economy, relatively low interest rates, and a diverse population. In a constantly evolving market, it is essential to stay informed and rely on professional expertise to make the right decisions. Neighborhoods like Rosemont, Villeray and Outremont each have their own appeal and present unique opportunities for buyers and investors. Langevin Immobilier’s role is to guide you through these nuances, providing a clear understanding of current trends, market prices, and buyer and seller expectations.
Photo credit: Joël Lemay / Agence QMI 🎙 This morning, our real estate expert Geneviève Langevin was interviewed by TVA Nouvelles to share her valuable advice on home ownership for young Quebecers. Recognized as a true benchmark in the field, Geneviève continues to shape the real estate landscape in Quebec with her vision and expertise. […] Photo credit: Joël Lemay / Agence QMI🎙 This morning, our real estate expert Geneviève Langevin was interviewed by TVA Nouvelles to share her valuable advice on home ownership for young Quebecers.Recognized as a true benchmark in the field, Geneviève continues to shape the real estate landscape in Quebec with her vision and expertise. 🏡✨ https://www.tvanouvelles.ca/2024/08/22/les-jeunes-quebecois-ont-encore-espoir-detre-proprietaires
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