October 2012 Montreal West Homes Market Report MLS® reported 5 homes sold in Montreal West this October. One cottage at 336 Ballantyne North sold for $550,013, a bungalow at 10 Banstead Road sold for $595,000 and 3 split-levels at 48 Place Rugby ($591,000), 128 and 229 Prom. Sheraton for $572,500 and $665,000 respectively. One contract expired and 5 new homes came to market bringing active properties for sale to 16 for the month of October. These sales reported an average discount off last ask price of 7% and the average sales value was $594,703. The inventory absorption rate was at the usual low of 3.2 months and it took an average of 83 days to sell a home in Montreal West this past month. Montreal West homes are known for their particular styling’s dominated by homes built by archite... 11/22/2012

Market Report for Montreal Ouest - July 2010 The MLS ® system recorded 2 sales in Montreal-Ouest this July. 3 new homes came to market, a drop of 2 homes over the consistent 5 for the 3 previous months this season. The average price for the 2 sales was $475,000 and discounted an average of 4% off the last asking price. The month’s inventory is consistently low due to the smaller number of homes and that it attracts families who look to raise their children in a stable climate.   08/31/2010

Market Report for Montreal Ouest - June 2010 The MLS ® system recorded 3 sales in Montreal-Ouest this June. 5 new homes came to market, the same number for 3 months in a row and 6 in March. The average price for the 3 sales was $551,247 and were discounted an average of 94% of the last asking price. Days these properties were on market were 27 days which is very low showing again the high demand for this sector. The month’s inventory too was low at 4 months based on the 12 active properties divided by the 3 sales. As is normal in this sellers’ market there have been next to no expired contracts with 2 in May and 1 in June. 07/07/2010

Market Report for Montreal Ouest For May 2010 May 2010 in Montreal-Ouest was an average month for the sector. 5 new homes came to market in the MLS ® system. This is the reigning average for the last 12 months.  And the same average in sales was met for the 3 homes sold with an average value of $598,000 sales price. Prices for the last 6 months have averaged out at $536,200 which is 3.1% higher than the 12 month period of 2009. It should be noted that there are low sales due to the length of time residents remain in their homes in this stable, small home community, the properties, few as they are quite diverse in value. There are 50’s – 60’s style homes mixed with designer home from earlier periods of the 20th century that are highly respected as quality homes. Discount levels vary some... 07/06/2010

Credit rating is the means of assessing the credit worthiness of individuals, companies, states and countries. It indicates the ability of the debtor (individual, company, state or country) to fulfill his financial commitments. Credit rating can refer to personal, corporate or sovereign credit rating. Personal Credit Rating: In the US, creditors use a scale of 0-9 in order to rank a debtor. The numbers can be preceded by the alphabets R or I. I refers to credit that is repaid in installments (like mortgage on a house), while R refers to a system of revolving credit (credit cards), whereby the debtor is only required to make minimum monthly payments. R1/I1 means that the debtor repays his debt in one month, while R2/I2 means that he repays within 2 months. R7/I7 indicates a situation whe... 07/10/2009

If Shakespeare's Hamlet were a 20-something living in Toronto today, chances are he'd be working on his first career. He'd have some inheritance in the bank, he might even be living in his mother's basement. He'd have little job security, no pension and would probably be soliloquizing about the same dilemma as everyone else his age: To buy or not to buy, that is the question; Whether 'tis nobler on the pocketbook to suffer the outrageous rent, or to take up a sea of mortgage payments, and by doing so, retire with equity. With interest rates at the lowest they've been in more than 50 years and with home and condo prices in decline for the first time since 1996, many potential first-time buyers are viewing this as their best chance to buy into an otherwise unaffordable market. That's part... 04/29/2009