Courtier Immobilier Montréal Yanick E Sarrazin
The Carlyle
Discover some of the units available
A new construction in the Town of Mount Royal
Discover the new project of high-end rental condos on 7 floors: The Carlyle. This new construction is an achievement of JADCO, a respected real estate leader in design, construction, investment management and property management. Project delivery date is July 1 st 2023.
What awaits you at The Carlyle? Apartments with up to 3 bedrooms, spacious and bright living spaces, refined kitchens and quality materials: the units have all the necessary features to charm you!
Enjoy all the amenities the building has to offer : business center, VIP lounge, gym, children’s play room, green spaces and an indoor pool.
A unique location in Montreal: live in the popular Town of Mount Royal, close to the parks, public transport, as well as the shops and restaurants of Carré Lucerne. Plan your site visit now!
Interested in seeing the additionnal units available?
The Carlyle - An exclusive lifestyle
Model Unit
About these housing units
Configuration
- New construction
- Spacious contemporary units
- Open living spaces
- Abundant windows
Materials
- High-end materials
- White oak floors
Inclusions
- Stove
- Refrigerator
- Dishwasher
- Washer and dryer
- Warm water
- Air conditioning
- Lighting
Outdoor Spaces
- Inner courtyard and green spaces
Parking
- Indoor parking is available for a monthly payment
Tranquility & urban living
These rental units are in a prime location in Montreal in the peaceful and green spaces of Town Mont Royal. Live in a sought after neighborhood, only a few minutes away from De La Savane metro station, parks of the area, main routes as well as the shops and restaurants of Lucerne Square.
Public Transport
- De la Savane metro station
- Namur metro station
- The Réseaux Express Métropolitain (REM)
Schools
- Saint-Clément-Ouest primary school
- Saint-Clément Academy
- Carlyle primary school
- Dunrae Gardens primary school
- Laurentide primary school
- Mont-Royal high school
- Pierre Laporte high school
- University of Montreal
Green Spaces Nearby
- Kindersley Park
- Ostell Place
Within a 1 km radius
Pharmacies
- Grocery stores
- Restaurants
- Ice cream parlours
The neighborhood's best spots
A wide range of products and services are available in the Town of Mount Royal.
Here is an overview of two favorite addresses to discover in the sector:
Bacaro Pizzeria - Authentic Italian Flavours
Located in Lucerne Square, Bacaro Pizzeria is a restaurant offering tasty Italian dishes. On the menu, a variety of pizzas and delicious pasta to be enjoyed in a relaxed atmosphere.
At Bacaro Pizzeria, the wine list offers a mix of private imports and local brands, to the delight of wine lovers.
Do you have a sweet tooth? Nutella doughnuts and Sicilian cannolis are a must!
With more than eight locations throughout Montreal, Bacaro Pizzeria is an Italian restaurant to discover to spend pleasant evenings with family and friends!
- Bacaro Pizzeria is located at 2358 Chemin Lucerne in the Town of Mount-Royal.
Conefetti Gelateria - Sweet Treats
Conefetti Gelateria is an ice cream parlour in one of the oldest houses in the Town of Mount Royal. For over 14 years, this charming business offers a panoply of gelato flavors : black licorice, matcha, tiramisu to Ferrero Rocher! Chosing your flavor will be a tough decision!
If ice cream is not your cup of tea, you can also sip a delicious coffee on their charming terrace.
At Conefetti Gelateria, you will be delighted!
- Conefetti Gelateria is located at 3201 blvd Graham in the Town of Mount Royal.
The Carlyle on Instagram
Location of these units in the Town of Mount Royal
Interested in The Carlyle rental units? Contact us!
As of December 15, Canadians will find it easier to buy a home, thanks to two new reforms implemented by the federal government. These measures will raise the ceiling on mortgage loans and increase the repayment period on mortgage loans.
In this article, our Montreal real estate brokers explain the main changes that will help Canadians acquire property.
Housing plan and mortgage reforms
In recent years, the dream of owning a home in Canada has become increasingly difficult for many Canadians, especially young adults. To remedy this situation, the federal government has announced the construction of 4 million new housing units, as well as the introduction of two mortgage reforms as of December 15, 2024, which are just some of the initiatives being put in place. Federal Finance Minister Chrystina Freeland has announced that these new measures are designed to create intergenerational equity. The new mortgage reforms consist of:
1. Increase the price ceiling from $1 million to $1.5 million for insured mortgages.
2. Extend eligibility for 30-year mortgage amortization to all first-time and newly built homebuyers.
“We’re raising the ceiling on insured mortgages to take account of property prices in more expensive cities. Also, people who buy a property have more time to repay their mortgage. […] These are measures aimed at creating equity between generations.” – Chrystina Freeland, Federal Minister of Finance
Price ceiling increased from $1 million to $1.5 million for insured mortgages
Mortgage loan insurance is mandatory when you want to buy a property with a down payment of less than 20% – the guarantee covers down payments between 5% and 20%. This guarantee allows Canadians to obtain a mortgage of up to 95% of the price of the property, at a reasonable interest rate, even if the down payment is lower. This will provide stability to the mortgage market, and also offers protection to the lender in the event that the buyer is unable to make mortgage payments.
At present, mortgage loan insurance applies only to properties of $1 million or less. However, as of December 14, 2024, mortgage loan insurance will be eligible for properties up to $1.5 million. The amount attributed to mortgage properties ranging from $1 million and under had not been modified by the Government of Canada since 2012. By increasing this limit, the federal government is adjusting the housing plan to current financial realities and market prices. This reform will enable more people to qualify for mortgage loan insurance.
30-year depreciation eligibility extended to all first-time buyers
As of December 15, anyone buying their first property or a newly-built property will be able to amortize their mortgage over 30 years. For a property to qualify as new construction, it must not have been used as a residence before. To qualify, you must meet one of the following criteria:
1. You have never previously purchased a property;
2. In the last four years, you have not occupied a property that you or your spouse owned;
3. You have recently experienced the end of a marriage or civil union. To this extent, the regulations adopt the Canada Revenue Agency’s approach to the Home Buyers’ Plan. This program allows you to withdraw funds from your Registered Retirement Savings Plan (RRSP) to buy or build a home.
These two reforms have two main objectives: (1) to enable buyers to reduce their mortgage payments on a monthly basis, thereby making home ownership more affordable, and (2) to encourage the construction of new buildings. To be considered a new property, the real estate must not have been occupied for residential purposes.
All in all, this adjustment in the housing plan is an opportunity for Canadians, and demand for real estate should increase dramatically. We invite you to contact our brokers today to start your search for your first property.
Sources :
Extended 30-year mortgage amortization. https://ici.radio-canada.ca/rci/fr/nouvelle/2104872/amortissement-hypotheque-trente-ans-elargi
Government of Canada. The Home Buyers’ Plan. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan.html
How much do you need for a down payment? https://yanicksarrazin.com/en/immobilier/buyer-information/how-much-do-you-need-for-a-down-payment/
Mortgages: understanding them better for a real estate purchase https://yanicksarrazin.com/en/immobilier/buyer-information/mortgages-understanding-them-better-for-a-real-estate-purchase-2/
Ottawa gives first-time buyers another boost. https://ici.radio-canada.ca/info/breve/10608/changements-prets-hypothecaires-premiers-acheteurs
The Boldest Mortgage Reforms in Decades. https://www.canada.ca/en/department-finance/news/2024/09/the-boldest-mortgage-reforms-in-decades.html