Montreal Real Estate Reviews

Is there a difference in owning a condo or owning a house? What do you have to pay attention to, when you are considering buying an apartment (condo) in Montreal? Who do you need to consult with? If you made a decition to buy dwelling you will confront with a lot of uncertainties and questions

We will try to answer on some of questions.

Property.

By obtaining a condominium in Canada ( in Montreal or in other city) buyer does not just become a single owner of the apartment (condo), but he also becomes a part of a community, which consists of the same owners of condo as himself. The buyer has the rights to sell, to lease or to bequeath the apartment (condo) as he wishes.
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La Société canadienne d’hypothèques et de logement ( SCHL )

Would like to inform the buyers that the program of backing the purchase of an apartment is financed by la Société d’habitation du Québec and by the city of Montreal and is directed to assist in purchases of dwelling on the island. La Société canadienne d’hypothèques et de logement also helps low income families.

In order to be entitled to get a sum of $ 6500 the price of new house should not be higher than $180,000 (including the tax and additional services). Or $235,000, if at the moment of buying a house you have children under 18 years in the family. In this last case financial help of $10,000is going to be provided. Besides if the dwelling is certificated by the Novoclimat (l’Agence d’efficacité énergétique du Québec), the highest price of the apartment to be subsidized, will be increased by $2500. This financial help is extended as one transaction. The buyer has to provide all documents before the 31st of December 2009.
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