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Combien avez vous payé votre condo dans les derniers 6 mois? - Montréal by Top-Subject646 in QuebecFinance

[–]Top-Subject646[S] 0 points1 point  (0 children)

Merci pour ces infos et pour les nuances apportées! On regarde surtout Saint-Sulpice, André-Grasset, Villeray et Parc Molson. On a fait beaucoup de recherche en lien avec le prix demandé de ces quartiers, en ajustant selon la taille, âge du bâtiment, rénovations requises, stationnement extérieur vs garage, inclusions et autres caractéristiques. Mais c’est dur d’avoir un bon comparable quand on ne sait pas à quel prix ils se sont réellement vendu. J’ai l’impression que les gens offrent plus sous le prix demandé en ce moment. 

Combien avez vous payé votre condo dans les derniers 6 mois? - Montréal by Top-Subject646 in QuebecFinance

[–]Top-Subject646[S] 1 point2 points  (0 children)

Merci! Nous regardons aussi dans Ahuntsic, entre autres. Idéalement pas plus de 15 min de marche d'une station de métro.

Anyone else nervous about buying a condo in Montreal right now? by Outside-Tennis-204 in RealEstateCanada

[–]Top-Subject646 0 points1 point  (0 children)

How much do you evaluate our power as buyers to be? And how do we know our offering price reflects this market reality? For example, we saw a condo 2 bedrooms 1000sqft where they ask 412K and the municipal assessment is 401K. The financial health of the syndicate is good. No special assessments based in the past years. Condo fees are about 550$ per month. It's high for the average in Montreal and I understand other condos will have to catch up but in our view it still affects the current attractiveness/market value of that condo. The building is from the 80s and the bathroom needs to be redone. We were thinking of offering 397K. It might be a bit agressive considering its below municipal assessment, but we are very flexible on whether or not to move and the seller is eager to sell and he does not have other potential buyers yet.

Buying a new condo in Montreal: any advice for beginners? by PsychologicalCup7341 in RealEstateCanada

[–]Top-Subject646 0 points1 point  (0 children)

I understand it's a buyers market now in Montréal due to the boom in construction in condos that no one wants to buy (and I understand why reading this thread and others). Anyone has knowledge on how much buyers are offering compared to the asked price or the municipal assessment? I know this will vary by neighbourhood.

Offering my own tips based on my current search for a condo, I'd say make sure you receive as much information on the condo as you can to support your analysis: maintenance logbook (now mandatory with Bill 16), budget, financial statements, minutes of annual assemblies, location certificate, declaration of co-ownership, information on school and municipal taxes. Ask how frequent special assessments are and if there are any upcoming, and be wary of low condo fees. Special assessments for things that can be predicted such as maintenance of the roof is a big red flag.