Thursday, November 19, 2009

Outlook Rosy For Montreal Realestate

From The Montreal Gazette:

Indicators point to a robust real estate market in 2010 in the Montreal region, according to a Canada Mortgage and Housing Corp. outlook released yesterday.

While lower prices for homes and condos are still luring people to the suburbs and outlying areas, interest in Montreal Island properties, particularly downtown condominiums and multiplex units is high, according to CMHC analysts. And a lower vacancy rate will tighten the rental market.

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My comment: We certainly have not been hit as hard as the Americans .... in fact the market has been very hot.

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