06/05/2021
This week I will be talking about condo fees: what are they and why are they so important to factor in when considering a purchase? Condo fees typically cover anything from maintenance to insurance co...
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This week I will be talking about condo fees: what are they and why are they so important to factor in when considering a purchase? Condo fees typically cover anything from maintenance to insurance costs of a building. A portion of condo fees go into a contingency fund that covers unforeseen circumstances, such as repairing the roof or replacing the windows. Buyers can get excited when they come across a building with low condo fees, but beware that this could mean management planned poorly: they may have tried to keep costs low at the expense of not being properly prepared for unsuspected issues that may arise. Whether you’re an investor or an owner-occupant it is essential to look at the condo fees and ask the right questions: what is included in the fees and how much money is in the contingency fund? Will it be enough to cover extra costs that may come your way? Make sure you get the full picture! Reach out to us with any questions you may have!
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06/05/2021
This week I will be addressing the curent market situation in cottage country. Because of COVID and stay-at-home orders, more and more people have turned their real estate interests towards cottage co...
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This week I will be addressing the curent market situation in cottage country. Because of COVID and stay-at-home orders, more and more people have turned their real estate interests towards cottage country to change up their surroundings. This increased demand in cottages has changed the game, creating multiple-offer and overbidding situations in a previously stable market. There’s less options in terms of inventory and price negotiation, but when things go back to normal and people flock back to the city the prices will once again shift. In this climate, it is important to understand what kind of investment you are making and what you want to get out of it. Consider something you will be willing to hold on to for a long time, stay strong on your price point to make sure you’re always in the money. Let us know about your experiences below!
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23/04/2021
This week I have the Montreal real estate statistics update for March 2021. Compared to March 2020, everything is up. On the island of Montreal, single-family homes by 33%, condominiums by 5%, and mul...
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This week I have the Montreal real estate statistics update for March 2021. Compared to March 2020, everything is up. On the island of Montreal, single-family homes by 33%, condominiums by 5%, and multiplexes by 10%. The reason we’ve seen a smaller increase in condominiums can definitely be attributed to COVID compressing the downtown Montreal market. Travel restrictions are halting foreign investments, office buildings are still closed and more people are working from home. However, if we look at the Greater Montreal area condo sales are actually up 21% compared to March 2020. We will continue to update you when the Q1 statistics are released. Let us know your thoughts below!
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16/04/2021
This week I’ll be talking about building your own home. In this strong seller’s market that we’ve been experiencing in Montreal. Some people are considering building their own home instead of getting ...
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This week I’ll be talking about building your own home. In this strong seller’s market that we’ve been experiencing in Montreal. Some people are considering building their own home instead of getting caught up in multiple-offer situations or bidding wars. While this may seem like a good idea, there are many factors to take into consideration before committing to this process. Financing can be difficult to get if you are doing this for the first time and aren’t backed by reputable builders, contractors and architects. Another thing to consider is the size of the task and the time it will take to to get everything done: you might be looking at a wait of up to a year and a half before you have a home. While the current market can be frustrating for buyers, you can trust us with the process and our ability to guide you through it. Reach out to us today!
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16/04/2021
This week I’ll be discussing the difference between purchasing two triplexes versus one sixplex. It would be normal to assume that the same amount of units equals the same amount benefits. However, my...
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This week I’ll be discussing the difference between purchasing two triplexes versus one sixplex. It would be normal to assume that the same amount of units equals the same amount benefits. However, my personal preference would be to keep everything under one roof - meaning any repairs or replacements would be taken care of in one building instead of two. When it comes to financing, generally a simplex will require commercial financing and looking at the potential revenue the property will be bringing in. This means more math, more calculations, etc. There are different pros and cons to either option, and it really depends on what you’re looking for. We have the experience to help you make the best choice for yourself either way, so feel free to reach out to us today!
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09/04/2021
This week I’ll be talking about different ways you can maximize your rental revenue if you’re a landlord, or to offset your rental costs as a tenant. For landlords, if you’ve got a unit that includes ...
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This week I’ll be talking about different ways you can maximize your rental revenue if you’re a landlord, or to offset your rental costs as a tenant. For landlords, if you’ve got a unit that includes a storage locker and a parking spot, you might want to consider renting them out separately to get a larger monthly rent than you would if you rent them out as one piece. With more Montrealers working from home than ever, some of you may find that you no longer need your cars. If your unit includes a parking spot that you are no longer using, consider the advantage of renting it out to a neighbour to help offset your own rental payments per month. Whatever your needs or questions are as landlords or tenants, we have a lot of experience and are here to help. Reach out to us today!
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26/03/2021
This week, I will be talking about the Pre-Approval. In the current Montreal real estate market, we’re seeing a lot of multi-offer situations and it’s becoming increasingly important to show how serio...
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This week, I will be talking about the Pre-Approval. In the current Montreal real estate market, we’re seeing a lot of multi-offer situations and it’s becoming increasingly important to show how serious you are when submitting an offer. The first step in your search for a property should be to have your pre-approval in-hand. Rates are ever-changing and decreased a lot over the last year until the recent increases this month. This means that most people’s purchasing power has gone up or down depending when they last updated their pre-approval. In order to ensure that you remain a competitive player, speak to your mortgage specialist so you have an update in regards to what you can actually get for financing. This will ensure you know how much you can offer when bidding for your potential home. Reach out to us today in order to get started off on the right foot!
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19/03/2021
This week I will be discussing an important topic: how couples can split the ownership of investments. If a couple has different amounts of money saved up to put into a property, be it a first home or...
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This week I will be discussing an important topic: how couples can split the ownership of investments. If a couple has different amounts of money saved up to put into a property, be it a first home or investment, there are options available to fit your needs. Ownership can be split on the deed on sale, separate agreements can be drawn up in order to specify the initial pay-outs. We have a lot of experience preparing these sort of things and would love to help you! Reach out to us and we will find the best solution for you.
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12/03/2021
This week I will be discussing whether small businesses should invest in real estate. My answer is yes, absolutely! There is a lot to be said about owning your own space - there are both financial and...
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This week I will be discussing whether small businesses should invest in real estate. My answer is yes, absolutely! There is a lot to be said about owning your own space - there are both financial and maintenance benefits: getting into the market and having a company asset that will continue to grow, and knowing that no one will take better care of your space than you! Factor in the security of knowing that you are safe from having to suddenly relocate and it’s really a no-brainer. Feel free to reach out to us on advice on how your company can get started in the market today! Drop a comment below to let us know your thoughts.
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05/03/2021
This week I will be discussing an interesting question I received: should you start investing in real estate today? Simply put, yes! Real estate is like any other investment: invest, provide general m...
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This week I will be discussing an interesting question I received: should you start investing in real estate today? Simply put, yes! Real estate is like any other investment: invest, provide general maintenance and you will start to see the appreciation. No matter what your situation is, or where you’re at in your career, the time to invest in real estate is now. There are countless ways to start your portfolio. Let us guide you in taking that first step.
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26/02/2021
This week I discuss how foreign, specifically non-resident buyers can purchase property in Montréal, QC. Most people think they absolutely need a PR card before they can start shopping for a home, wit...
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This week I discuss how foreign, specifically non-resident buyers can purchase property in Montréal, QC. Most people think they absolutely need a PR card before they can start shopping for a home, with a 5-20% downpayment instead of a 35% foreign buyers minimum. This is NOT the case. The main requirement is having at least 12 months left on your work permit, and being bale to show good payment habits. Reach out to schedule your free, no-obligation buyers consultation. It would be our pleasure to walk you through the process!
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19/02/2021
This week I have a quick update on the Montreal Real Estate January statistics that were released – and I have some exciting news: we have set a record for the most transactions EVER in January in the...
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This week I have a quick update on the Montreal Real Estate January statistics that were released – and I have some exciting news: we have set a record for the most transactions EVER in January in the Greater Montreal Area. Sales are up 17% and active listings are down 25% meaning we are in a seller’s market and they are the ones running the negotiations. When we compare sales of January 2021 versus 2020, price is up 23% due to the fact there is less inventory out there. This market is red-hot and if you want to get involved, feel free to reach out to us! Stay tuned for our February update and drop a comment below to let us know your thoughts.
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12/02/2021
In this week’s video, I’ll be talking about knowing your home’s value. Whether you’re thinking of selling your property, refinance opportunities towards increasing your real estate portfolio, or just ...
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In this week’s video, I’ll be talking about knowing your home’s value. Whether you’re thinking of selling your property, refinance opportunities towards increasing your real estate portfolio, or just want to have a better understanding of what your home might be worth in the current market – it is always important to be in the know. With the price appreciation we have seen in across Montreal the past five years, understanding your property’s potential value is an important start no matter what your next move might be. Comment below to let us know your thoughts and feel free to reach out to us for a free evaluation of your property today!
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06/02/2021
In this week’s video, I give you a market update of the Greater Montreal Area covering all of 2020. Not only have prices gone up but sales are booming and there’s no sign of the market slowing down. H...
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In this week’s video, I give you a market update of the Greater Montreal Area covering all of 2020. Not only have prices gone up but sales are booming and there’s no sign of the market slowing down. Homes have been trading hands, and every type of property is up at least 15%. With promising advancements in vaccines and interest rates lower than last year, we expect 2021 to be another big year! If you’re interested in getting your own real estate portfolio started, feel free to reach out to us! Comment below to let us know your thoughts.
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29/01/2021
This week we're interviewing Amanda Roy, Residential Real Estate Broker and Office Manager at LJ Realties. She's been with the team since February 2019. Her role has evolved over the years. She start...
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This week we're interviewing Amanda Roy, Residential Real Estate Broker and Office Manager at LJ Realties. She's been with the team since February 2019. Her role has evolved over the years. She started off as an admin, grown into office manager, and recently got licensed as a residential real estate broker. If you've worked with us in the past 2 years, I'm sure you've had an opportunity to speak with Amanda. As she starts her new roles at the company I can't wait to see what 2021 has in store for her! Comment below if you've had the opportunity to work with Amanda!
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22/01/2021
This week we're interviewing Nikita Mukhanov, Residential Real Estate Broker at LJ Realties. He's been with the team since February 2019 and was last year's Rookie of the Year! Nikita will always be t...
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This week we're interviewing Nikita Mukhanov, Residential Real Estate Broker at LJ Realties. He's been with the team since February 2019 and was last year's Rookie of the Year! Nikita will always be the hardest working guy in the room. He refuses to let anyone outwork him which is an invaluable asset for his clients. Last year he was warming up, this year he's ready to shine! Comment below if you've had the opportunity to work with Nikita.
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08/01/2021
I'm very excited to share with you our meet the team series to start the year! It's a quick way to meet some of the LJ Realties team before seeing them on the field. This week we're interviewing Alexa...
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I'm very excited to share with you our meet the team series to start the year! It's a quick way to meet some of the LJ Realties team before seeing them on the field. This week we're interviewing Alexandra Ross, Residential Real Estate Broker. She's been with the team since September 2019 and was awarded our team player award last year! I can't wait to see what 2021 has in store for her!Comment below if you've had the opportunity to work with Alexandra!
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24/12/2020
🎅🏼 In this weeks video, I tell the story of how our Christmas baskets came to be! LJ Realties usually hosts a big dinner party for all of our clients who purchased or sold properties with us throughou...
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🎅🏼 In this weeks video, I tell the story of how our Christmas baskets came to be! LJ Realties usually hosts a big dinner party for all of our clients who purchased or sold properties with us throughout the year. That was not in the cards this year with the ongoing restrictions. The team quickly pivoted and put together beautiful holiday baskets with products from only local Montreal companies. We encourage all of our viewers to support local in an effort to help out. Comment below your favourite product featured in the basket! 🎁🎄
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18/12/2020
This week I discuss multiple offer situations and how to tackle them. The Montreal real estate market has been very busy and this has led to several multiple offer situations. Everyone has an opinion ...
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This week I discuss multiple offer situations and how to tackle them. The Montreal real estate market has been very busy and this has led to several multiple offer situations. Everyone has an opinion on how to tackle this, and today I share mine. I believe in having the first mover advantage. It’s always best to be the first offer in. By doing this we get the ball rolling and find out how many other bidders are willing to get into a multiple offer situation. More times than not, people who submit an offer knowing that there is already an offer on the table are submitting strong offers. The main reason I do this, is to avoid submitting a stronger than necessary offer simply because a low ball bidder submitted before us. When you submit first, most low-ballers decide to wait and see what will happen with the offer before submitting. Thank you for watching, comment your favourite strategy below.
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11/12/2020
This week I discuss some of the factors we have to consider when buying a property in the winter months due to our Canadian winters. When purchasing a property in Montreal, QC during the winter months...
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This week I discuss some of the factors we have to consider when buying a property in the winter months due to our Canadian winters. When purchasing a property in Montreal, QC during the winter months it's important to consider what we can't see due to several factors. After snowfalls a lot of the elements of a home are covered, roof, foundation, parging, etc. After 4pm we no longer have natural light for most of the winter. These factors play a large role in how we see a home and ultimately how we decide to proceed. Whenever possible, I recommend seeing a home in daylight to get the best possible look. Comment below if you've had to offer on a home after only 1 visit in the dark?
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04/12/2020
In this weeks video I explain House Hacking. House hacking is the easiest way to live for free or almost free. I explain how it works and the benefits that come from it. Like anything in life, there’s...
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In this weeks video I explain House Hacking. House hacking is the easiest way to live for free or almost free. I explain how it works and the benefits that come from it. Like anything in life, there’s no free lunch. It comes with its own sacrifices, but if you’re looking to get closer to financial freedom I highly recommend it. I have a few friends that have used this technique to acquire over 10 properties, and they’re continuing to grow their portfolio. It is the best way to start growing your portfolio when you’re young and don’t have dependants living with you. Let me know below if you would consider house hacking!?
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28/11/2020
This week I discuss cottage country! With the pandemic there has been a huge spike in demand for cottages. These have been unprecedented times, and the Laurentian and Eastern townships have capitalize...
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This week I discuss cottage country! With the pandemic there has been a huge spike in demand for cottages. These have been unprecedented times, and the Laurentian and Eastern townships have capitalized. Lots of residents of the Greater Montreal Area have opted to purchase their little piece of paradise. Like many of our clients, you may have considered purchasing one yourself! Buying a chalet is an awesome idea, but it’s important to note that there are several differences between cottages and homes in the city. In this video I outline some of the main differences to consider. Do you prefer the cottage life or city life? 🏡 🏢
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20/11/2020
I’m super excited to be relaunching our weekly real estate videos! This week I’m giving a quick market update. This year continues to stay hot in the real estate world. Most other things are on pause,...
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I’m super excited to be relaunching our weekly real estate videos! This week I’m giving a quick market update. This year continues to stay hot in the real estate world. Most other things are on pause, but real estate definitely has not been. Over the last 12 months every type of property is up over 10% in the Greater Montreal Area, over 11% on the island of Montreal, and a minimum of 14% in the South-West of Montreal. The main drivers have been low interest rates, and buyers wanting more space. With the pandemic, buyers have had the time to analyse their actual needs and have shifted their spending in that direction. As always, reach out for all your Montreal real estate needs. Drop a comment below to let us know your thoughts.
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22/05/2020
In this weeks video, I cover the market situation since the reopening the real estate market on May 11. Things have picked up right where they left off in March! We’re seeing a lot of multi-offer situ...
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In this weeks video, I cover the market situation since the reopening the real estate market on May 11. Things have picked up right where they left off in March! We’re seeing a lot of multi-offer situations with prices ending well above asking price - in line with our earlier prediction. If you’re thinking of selling, now is the time! Comment below if you have any questions.
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