December 17th, 2015 - The Quebec government announced that the new Code of Civil Procedure, adopted in 2014, will come into force on January 1, 2016. The new Code of Civil Procedure brings major changes to the legal process.
December 14, 2015 –The stand of Pavilion Condo was a hub of activity this fall during the Montreal ExpoHabitation. The event, which took place in the Olympic Stadium October 22 to 25, 2015 once again offered lectures whose relevancy was undeniable.
December 8th, 2015 – According to CMHC (Canada Mortgage and Housing Corporation), the cities of Vancouver, Toronto and Winnipeg are showing a steep increase in the number of foreign purchasers in 2015.
December 1st, 2015 – Purchasing a condo to flip it for a sizeable capital gain, is no longer a sure thing in Montreal. According to many experts in the field, the resale market has changed considerably in the Greater Montreal.
November 30th, 2015 –The number of problematic French co-ownerships have increased in recent years. It is “impossible to estimate how many, in the absence of recent statistics”, states Blanche Guillemot, a Director of the “Agence nationale de l’habitat” (the National Housing Agency), quoted by the Le Monde newspaper.
November 25th, 2015 – Daniel Dagenais has recently been appointed the President of the Board of Directors of the “Chambre immobilière du Grand Montréal (CIGM)” (the Greater Montreal Real-Estate Chamber). He acts as a real-estate broker for the last 12 years and holds a Certified Real-Estate Broker Permit since 2011.
October 13, 2015 - A contingency funds survey was recently carried out. It confirmed our apprehensions dating back several years: the lack of discipline of many syndicate of co-owners could eventually lead to a general loss of confidence towards co-ownership’s concept of collective housing.
The three parties in the survey, the RGCQ, the FCIQ and the APCHQ, are concerned about these results, as it shows that several syndicates of co-owners do not invest enough in their contingency fund.
11 may - The amount of installments paid during a plan sale may vary in Montreal. On signing a preliminary contract, some promoters will require at least 10% of the price of a new condo, while others establish the 15% mark.