The increase to the cost of borrowing funds from the lenders in 2013 led to an important change of the lending for our multi-family listings. When the five-year CMHC-insured loans were running at 2.5 to 2.6% in early 2013, the most aggressive cap rates that we saw in our sales were at 5.75%. Continue reading
I recently finished reading Flash Boys by Michael Lewis. It is a great book that truly exemplifies the limited control that we have over the stock market.
In the book, Lewis explains that the general public does not fully understand the inner workings of the stock market world. Additionally, he mentions that many of the big banks and fund managers face the same situation.Continue reading
Among the Canadian Census Metropolitan Areas (CMA), that is, areas with a population of more than 100,000 residents, the Montreal market is one of the most active for apartment buildings and, more specifically, for privately initiated rental apartments of three units and more. Continue reading
There are a number of expenses an owner should anticipate when selling their apartment building. It is important to stress that each owner’s expenses will vary depending on their tax consequences, based on various factors such as initial purchase price, capital cost allowance taken throughout the years of ownership and one’s own tax situation. Continue reading
The Corporation of Master Pipe Mechanics of Quebec lays stress on the fact that the best way to protect a building against sewer backflow is to install non-return valves. They contain an obturator that blocks the overflow of used water coming in from the overloaded municipal sewers.Continue reading