Montréal
Two or more storey
Source : Canadian Architect
At the age of 63, Claude Cormier, a renowned Quebecois landscape architect, has passed away, leaving behind an indelible legacy in Montreal and beyond. His artistic genius has masterfully sculpted the city, illuminating iconic places with his unique imprint.
Claude Cormier was renowned for his sustainable creations that transcend local boundaries to shine on the international stage. His works, true artistic gems, transform ordinary spaces into sources of inspiration, bringing brightness and joy to all who encounter them.
Among his most memorable creations are the majestic steel ring at Place Ville Marie, the Clock Tower Beach that redefined the Old Port, and the famous pink balls of the Village, which transformed a neighborhood into a symbol of tolerance and diversity.
His boundless talent has redefined our perception of urban environment and nature, awakening our senses and inviting us to interact with the world around us in new ways. As a visionary, Claude Cormier has left his mark on symbolic places across the globe, reminding us of the importance of art in creating a more beautiful and harmonious world
Sources : La Presse, EXP, mtl.org
Jacques Bilodeau and Claude Cormier, in collaboration with the firm _naturehumaine, transformed a former 1950s industrial workshop in 2003, located at 1221 Des Carrières Street, achieving a remarkable metamorphosis. Constraints imposed by the concrete block walls and foundation made adding two additional floors impossible. To preserve Bilodeau’s architectural intervention, an ingenious solution was implemented, involving construction on top. This delicate operation successfully melded history and modernity, thus preserving the building’s original essence.
At the heart of this impressive structure lies the personal residence of the renowned artist Claude Cormier. Designed to reflect landscapes, the floor layout fluctuates with a hydraulic system, creating a living masterpiece. Every corner of this abode speaks to the designer’s creativity, with custom-made furniture and a meticulous selection of artworks to embellish the space. Additionally, the property features a garden protected by a concrete wall with a sliding steel door, capable of serving as parking. A service staircase leads to a vegetated roof topped with a canopy, as well as a wooden terrace offering breathtaking city views. Every element has been carefully considered, imparting a playful ambiance to this property where aesthetics and architectural ingenuity harmoniously merge.
Discover more about 1221 Des Carrières Street : An Architectural Legacy here.
At 1223 Carrières Street stands an exceptional quintuplex, a creation by Jacques Bilodeau, Claude Cormier, and the architecture firm _naturehumaine, offering a unique investment opportunity. This remarkable building is divided into two office spaces, ideal for companies looking to establish their headquarters in an inspiring setting. Additionally, three residential condos complete the composition of this property.
The commercial spaces will be vacant, providing a blank canvas for the creation of personalized office spaces. As for the residential condos, they are all currently leased, generating attractive rental income for investors.
The condos offer a modern and elegant living environment, with open spaces that combine charm and functionality. Generously sized windows flood the interiors with natural light, offering striking panoramic views of the city and the majestic Mont-Royal. The kitchens and bathrooms are equipped with modern and stylish finishes, adding a touch of refinement to each unit. Furthermore, the bedrooms offer comfortable resting spaces, conducive to relaxation. A unique opportunity to acquire a quintuplex in Rosemont-La Petite-Patrie!
All trips can be easily done by walking.
Many cycle paths and BIXI stations nearby.
This property represents a unique opportunity in the sought-after neighborhood of Rosemont-La Petite-Patrie, offering an exceptionally pleasant and convenient living environment. Indeed, it is ideally located near Père-Marquette Park, an iconic green space appreciated for its natural beauty and numerous recreational facilities. Residents of this property will thus have privileged access to an environment conducive to relaxation and outdoor leisure, enhancing their quality of life on a daily basis.
Furthermore, this property benefits from remarkable accessibility due to its proximity to public transportation, notably the Rosemont metro station, which is within walking distance. This excellent connectivity makes it easy to travel throughout the city, thereby facilitating access to the various attractions of the neighborhood.
Lastly, gastronomy enthusiasts will be delighted by the proximity of gourmet shops along Beaubien East Avenue. This area is filled with restaurants, cafes, and food stores offering a wide variety of cuisines and local specialties, providing residents with a rich and diverse culinary experience just steps away from home.
La résidence 5175 Chambord est un projet architectural signée _naturehumaine, où l’immeuble, récemment reconstruite, a préservé sa structure d’origine tout en rehaussant la hauteur de l’étage, conjugué avec l’ajout d’une mezzanine, offrant ainsi un espace de vie totalement repensé.
L’inspiration des éléments de couleur et de textures pour cette demeure a émergé d’une quête profonde pour redonner vie à une façade en suivant scrupuleusement les critères historiques de la maison. Afin de préserver le charme architectural du quartier, la façade est composée avec des briques en terre cuite de couleur terracotta, à laquelle des fenêtres de la même teinte ont été intérgrés. L’objectif était de créer une esthétique homogène tout en intégrant des éléments contemporains. Cette couleur rouge terracotta, représentative de la façade, a été méticuleusement intégrée à l’intérieur de la propriété, notamment dans des éléments clés tels que les fenêtres de la façade arrière, apportant une continuité visuelle chaleureuse. Les matériaux et les couleurs ont été choisis avec soin pour s’harmoniser avec l’environnement environnant.
Au cœur de l’appartement se trouve l’escalier, métamorphosé en pièce maîtresse grâce à des garde-corps en acier perforé, combiné avec des meubles en chêne blanc. Dans le salon, l’utilisation de verre fluté crée une intimité subtile entre les pièces. Cette association crée un effet léger, permettant de laisser s’infiltrer la lumière
Dans la salle de bain, une céramique ocre jaune, une teinte chaude, contraste avec des carreaux gris, créant une ambiance vibrante. Le thème de la couleur ocre se poursuit avec un dosseret dans la cuisine, permettant une cohérence visuelle dans toute la maison, évoquant une ambiance accueillante
La conception s’étend à l’extérieur avec deux terrasses privées, dont une terrasse sur le toit équipée de bacs de plantation, invitant la nature à fusionner avec le lieu de vie. La cuisine, située au deuxième étage, partage l’étage avec la terrasse sur le toit, offrant ainsi une connexion directe entre l’espace culinaire et l’espace extérieur.
Résidence 5175 Chambord a été finement pensée pour allier l’ancien et le nouveau, créant un espace de vie raffiné où l’histoire se mêle à l’innovation, formant un cadre accueillant et esthétiquement agréable.
_naturehumaine est une agence d’architecture et de design basée à Montréal. L’agence a la vision que l’architecture est au centre de nos vies et sert de médium régulant nos interactions avec le monde. L’agence d’architecture réalise une diversité de projets ayant pour objectifs de concevoir des espaces de vie dynamiques et inspirants. Ces espaces ont pour but de contribuer positivement au développement de l’individu et de la collectivité.
Des résidences privées, des multi-logements, des boutiques à des musées : les projets sont diversifiés. En effet, _naturehumaine rend chaque projet unique et le met en valeur à son plein potentiel. Des projets ingénieux et hors-normes? _naturehumaine aime sortir des sentiers battus. L’agence a d’ailleurs obtenu de nombreux prix pour la qualité et l’originalité des projets réalisés.
Dans un espace signé _naturehumaine, des matériaux de qualité ont été utilisés. Des fenêtres en aluminium offrent durabilité et esthétique, un escalier en acier perforé à la fois élégant et fonctionnel, et un plancher en lattes de chêne chauffant apporte chaleur et raffinement, soulignant ainsi l’alliance parfaite entre esthétique contemporaine et fonctionnalité intemporelle.
Vivre dans le Petit Laurier : c’est résider dans une atmosphère paisible dans un milieu urbain.
Épiceries, restaurants, cafés et charmants commerces, le Petit Laurier, un quartier unique en son genre, procure à ses habitants les avantages de la ville par l’abondance et la proximité de ses commerces et des grandes artères, dans une atmosphère accueillante et conviviale. À la fois jeune et familial, ce quartier unique constitue un espace de vie chaleureux, convivial et pétillant de vie.
De nombreux services et commerces à distance de marche.
De nombreux services et commerces à distance de marche.
Un vaste choix de produits et de services vous sont offerts dans le Petit Laurier.
Voici un tour d’horizon de deux adresses coups de cœur à découvrir dans le secteur : Stella Pizzeria et Nikkei MTL
Au coin de la rue de Lanaudière et l’avenue Laurier E se trouve Stella Pizzeria. Cette pizzeria de quartier propose des mets italiens réalisés par le chef Alessandro. Sa cuisine révèle les délices des Pouilles, sa région natale en Italie, à travers des plats mettant en avant des saveurs traditionnelles revisitées avec créativité.
La réputation de Stella Pizzeria se construit sur l’excellence de sa pizza, dont la pâte croustillante, légère et savoureuse résulte d’un savoir-faire inégalé. Chaque ingrédient est soigneusement sélectionné pour garnir ces pizzas. Parmi les mets incontournables figurent également les raviolis maison et l’aubergine Parmigiana. En matière de boissons, la carte des cocktails conçus et la sélection de vins, soigneusement élaborée, complètent à la perfection ce festin italien.
Ce lieu, où les recettes traditionnelles se mêlent à la créativité contemporaine, est une escale incontournable pour tout amateur de cuisine italienne exquise, où la passion et l’authenticité se marient à la perfection.
Ayant ouvert ses portes en 2022, le restaurant Nikkei offre une expérience gustative raffinée et captivante. La carte du restaurant Nikkei présente une variété de plats qui marient harmonieusement les influences japonaises et péruviennes. Des sushis aux tiraditos, des sashimis aux ceviches, chaque plat est préparé avec une attention particulière aux détails et à l’équilibre des saveurs.
Les cocktails proposés au Nikkei mélangent souvent des ingrédients traditionnels des deux cultures, créant ainsi des breuvages uniques et rafraîchissants. Les saveurs subtiles et les présentations artistiques des cocktails complètent parfaitement le repas.
Que ce soit pour une occasion spéciale, un dîner entre amis ou un repas intime, le restaurant Nikkei offre une expérience culinaire mémorable qui allie tradition et innovation, invitant les convives à explorer une fusion unique de saveurs et de culture.
It is a space where individuals and families live and reside. Residential real estate pertains to properties used for housing purposes. Single-family homes, apartments, condos, and apartment buildings with four units or fewer are considered residential buildings.
Owners of residential real estate can be individuals, real estate investors, or companies specializing in the residential sector. For the purpose of renting the property, the landlord must fill out the mandatory lease from the Tribunal administratif du logement. In residential real estate, the lease is typically of shorter duration, usually ranging from six to 12 months. When acquiring a used residential real estate property (not considered new), the transaction is exempt from GST (Goods and Services Tax) and QST (Quebec Sales Tax).
It is a space designed to house commercial, industrial, office, or retail activities. Commercial real estate pertains to properties used for commercial or professional purposes. A building is considered commercial when it has five or more residential units. A mixed-use building is also considered commercial. It features a structure where the lower levels are intended for businesses or offices, while the upper floors can be configured as apartments or residential units. Offices, shopping malls, warehouses, hotels, restaurants, and industrial complexes are examples of commercial buildings.
Owners of commercial real estate can be institutional investors, businesses, real estate developers, or individuals. When purchasing a commercial property, GST (Goods and Services Tax) and QST (Quebec Sales Tax) apply to the portion representing the percentage used for commercial purposes. Commercial real estate is often leased to businesses or commercial tenants, which can generate higher income compared to residential real estate.
Commercial leases typically have longer terms and specific conditions. Some leases can have a duration of five to ten years. Moreover, in the commercial sector, it is not mandatory to use leases from the Tribunal administratif du logement, as is the case in residential real estate.
Different rules apply to commercial leases. For instance, the owner of a commercial property can request a security deposit from the tenant, which is not allowed in residential leases. They can also prohibit subleasing or the termination of the lease by the tenant. At the end of the lease, the tenant must vacate the commercial space, whereas in residential real estate, the lease is automatically renewed. Additionally, in case of a dispute, the owner and the tenant must go to the Superior Court or the Court of Quebec, rather than the Tribunal administratif du logement as is the case in residential real estate.
Different terms are used to refer to what landlords and tenants must pay in a commercial lease:
-Gross lease: This is a lease where everything is included. The tenant only has to pay their rent. Costs related to the property are included in the rent or paid by the landlord. Charges included in a gross lease may encompass utilities (such as water, electricity, and heating), maintenance of common areas, property taxes, basic insurance costs, and similar expenses. However, it’s important to note that how these charges are apportioned between the tenant and the landlord can vary from one gross lease to another.
-Triple Net Lease (Net, Net, Net): In a triple net lease, the tenant is responsible for paying, in addition to their base rent, the expenses related to the property (cleaning, electricity, municipal or school taxes, etc.). In a triple net lease, the tenant assumes the responsibility of paying not only the base rent but also all operating expenses of the property, including property taxes, insurance premiums, and maintenance costs.
The main distinctions between residential and commercial real estate lie in the use of the properties. Residential buildings are intended for habitation and living, whereas commercial buildings are designed to house businesses and economic activities. They encompass different types of properties. A residential building can be a single-family home, while a commercial building can be a hotel, for example. The type of lease and the lease duration will also be different. A commercial lease will typically have a longer duration than a residential lease and is not bound by the mandatory model provided by the Tribunal administratif du logement. As mentioned earlier, there are many distinctions between residential and commercial leases.
Finally, the financial objectives associated with them will differ. The primary objective of residential real estate is generally to provide a living space for its occupants. While some individuals may invest in residential properties for rental purposes, the priority is often the quality of life for the residents rather than income generation. On the other hand, the primary goal of commercial buildings is to generate income from the economic activities they house. Commercial property owners can generate income in the form of rent and may also benefit from the appreciation of real estate values based on business performance.
The Plateau-Mont-Royal amends its Zoning By-law (01-277) In the midst of a housing crisis, the Plateau-Mont-Royal borough in Montreal has recently announced the adoption of
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Lease renewal : the important points As the deadline for lease renewal approaches, it is appropriate to point out a few details of the law
Residential and commercial real estate brokers operate in distinct spheres of real estate, each with distinct responsibilities. To give you an informed view of these differences, our real estate brokerage experts has put together a comprehensive article highlighting the main differences between a residential and a commercial broker.
In short, residential brokers and commercial brokers specialize in different areas of real estate and work with different types of customers, each with their own specific responsibilities and skills.
What are the important factors to consider when purchasing a house? – Key Information The purchase of a property is much more than just a
The Plateau-Mont-Royal amends its Zoning By-law (01-277) In the midst of a housing crisis, the Plateau-Mont-Royal borough in Montreal has recently announced the adoption of
The Promise to Purchase for an undivided co-ownership The Promise to Purchase an undivided property in Quebec differs significantly from that of a divided condominium.
Buying a property is an investment involving different stages. An essential step in this process is to finance the property that you want to buy: it is the down payment. But what exactly is the down payment? What are the different down payment percentages depending on the type of property? Here’s a quick overview of what a down payment is to facilitate your understanding.
A down payment is a portion of the amount you will need to take out of your savings to complete the purchase of the desired property. Mortgage loan insurance, commonly known as mortgage, will then pay off the remaining balance of the property.
It is important to know that the higher the down payment, the lower the loan and the interest. The lower the down payment, the higher the mortgage will be. Also, depending on the amount of the property, as well as the type of property (residential or commercial), the down payment rate will differ.
The minimum down payment for a property of $ 500,000 or less is usually 5% of the purchase price for the owner-occupier. For example, if the property was worth $ 400,000, the amount paid for it would be $ 20,000. The mortgage amount will then be $ 380,000. However, it should be noted that interest rates and additional amounts are added to this mortgage.
The down payment for a property of $ 500,000 or more is 5% of the first $ 500,000 and 10% of the amount exceeding $ 500,000. This then means that for a property of $ 600,000, the down payment will be $ 35,000.
This amount was obtained by calculating:
5% x $ 500,000 = $ 25,000
10% x $ 100,000 = $ 10,000
So $ 25,000 + $ 10,000 = $ 35,000
The down payment for a property of $ 1 million or more is 20%. For example, if a property is sold for $ 2 million, then the down payment for that property will be $ 400,000.
The minimum down payment for a triplex or quadruplex of $ 500,000 or less is usually 10% of the purchase price for the owner-occupant. For example, if the property was worth $ 400,000, the amount paid for it would be $ 40,000. The mortgage amount will then be $ 360,000. However, it should be noted that interest rates and additional amounts are added to this mortgage.
The minimum down payment for a triplex or quadruplex of $ 500,000 or less is usually 10% of the purchase price for the owner-occupant. For example, if the property was worth $ 400,000, the amount paid for it would be $ 40,000. The mortgage amount will then be $ 360,000. However, it should be noted that interest rates and additional amounts are added to this mortgage.
As with single-family homes and duplexes, the down payment for a triplex or quadruplex of $ 1 million or more is 20%. For example, if a property is sold for $ 2 million, then the down payment for that property will be $ 400,000.
It should be noted that if the owner does not live on the premises of his property, that is to say that he is not an occupying owner and that he has his accommodation(s) rented, he will then have to pay a down payment of 20% for a single-family house, a duplex, triplex or quadruplex.
In the current market, for buildings with five or more units, a down payment of 30% to 50% is required by the majority of financial institutions, regardless of whether the owner remains in the property or not.
The Tax-Free Savings Account for First-Time Home Buyers (FHSA) aims to assist first-time buyers in saving for their down payment. The primary idea is to help young individuals become homeowners amidst the real estate frenzy. The FHSA combines various advantages of the Tax-Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). For more information on the FHSA, please refer to our article on the subject.
Down payment is a fairly complex concept and will vary depending on the type of property and its purchase price. For single-family and duplex homes of $ 500,000 or less, the down payment is usually 5%. Properties between $ 500,000 and $ 999,999 have a down payment of 15% while those with an amount of $ 1 million and more will require a down payment of 20%. For triplexes and quadruplexes up to $ 999,999, the down payment will be 10%. It should be noted that properties that are not occupied by their owner choose a down payment of 20%. Rental properties can vary between 20% and 25% of the down payment depending on the type of property.
It should also be noted that the down payment for foreign investments differs and is at least 35% for residential properties and revenue buildings. See our article on the Prohibition on the Purchase of Residential Properties by Non-Canadians Act for more information on foreign investment.
With this wealth of information in mind, it is recommended that you be accompanied by your financial institution and by a real estate broker who will explain in detail the intricacies of the down payments required for each type of property.
The Plateau-Mont-Royal amends its Zoning By-law (01-277) In the midst of a housing crisis, the Plateau-Mont-Royal borough in Montreal has recently announced the adoption of
The FHSA – Key information Buying a home is an important investment that can lead to one of your best investments for life. There are
Lease renewal : the important points As the deadline for lease renewal approaches, it is appropriate to point out a few details of the law
Découvrez le projet Terrasse St-Denis : une copropriété moderne dans un emplacement unique à deux pas du Centre-Ville. Résidez à proximité du Square Saint-Louis, du Parc La Fontaine, du métro Sherbrooke et du Quartier des Spectacles !
Espaces de vie vastes et lumineux, cuisines raffinées avec électroménagers haut de gamme et matériaux de qualité : l’unité récemment rénovée dispose de toutes les commodités nécessaires pour vous charmer.
Cette copropriété se trouve dans un emplacement de choix , sur une rue paisible dans le quartier vibrant de Ville-Marie. À proximité se trouvent le métro Sherbrooke, le Square St-Louis, le Parc La Fontaine, le Quartier des Spectacles, ainsi que de nombreux autres plaisirs urbains !
Tous les déplacements peuvent se faire facilement à la marche.
De nombreuses pistes cyclables et stations de BIXI à quelques minutes du Projet.
Cafés, restaurants et boutiques à perte de vue : les commerces sont nombreux dans Ville-Marie.
Un vaste choix de produits et de services vous sont offerts dans les alentours.
Voici un tour d’horizon de deux adresses à découvrir dans le secteur : Bouillon Bilk et le café-terrasse Osmo X Marusan.
Situé sur le boulevard Saint-Laurent, Bouillon Bilk est un restaurant réputé de la métropole. Ayant ouvert ses portes en 2011, ce chic restaurant a été désigné par le cabinet d’architectes Yelle Maillé et offre un look épuré et minimaliste.
Que propose-t-on chez Bouillon Bilk ? Une belle carte de vins, ainsi qu’une diversité de plats combinant simplicité et complexité. Le menu change selon les saisons et est constitué d’une protéine (crabe, pintade, morue etc.) et d’un accompagnement. L’un de nos mets préférés? Les pâtes qui regorgent de saveur !
Pour un lunch entre amis ou un souper d’affaires, nous vous recommandons vivement cette expérience gastronomique hors pair !
Communément appelé Café Osmo, ce café au look industriel de la rue Sherbrooke ouest est l’un des projets de MDT Mobilier et est spécialisé dans la cuisine japonaise. Sandos japonais, ebbi curry : les plats sont goûteux et diversifiés. Cet espace parfait pour travailler offre également du café d’une diversité de torréfacteurs pour le bonheur des caféinophiles.
Le soir, l’ambiance se transforme en club social : sakés, vins d’importation privée et DJ sont au rendez-vous ! Pour des séances de travail en journée ou des soirées conviviales entre amis, le Café Osmo est le lieu rêvé à découvrir !
Osmo X Marusan est situé au 6230 rue Saint-Hubert, dans Ville-Marie.
The sale of a condo, house or plex is an important step for anyone and requires preparation. Indeed, a property must be well prepared for sale in order to arouse any interest: the first impression counts. After all, buying a property often goes through a lightning bolt or falling in love with different characteristics of the latter.
With the arrival of Valentine’s Day and the current real estate bustle, our team got together and spoke with the Metro Journal to establish 6 practical tips essential to seduce potential buyers. These tips have the specific purpose of achieving the desired effect, namely the sale of the property. To discover these 6 tips, consult the Petit Guide de Séduction immobilière.
In order to further entice potential buyers when visiting your property, we have established 5 additional tips. Here is their overview:
Cleanliness is an important determinant in the success of selling your property. A clean property is more attractive. Every room should be carefully cleaned. You have to be sure to empty the garbage cans, clean the floors, make the beds and dust the furniture. Closets are not to be neglected either, as potential buyers could be curious and open them during visits.
In a property, the kitchen and bathroom are rooms where extra attention should be paid. These pieces are naturally more ‘combed’ because of their utilitarian character and must then be immaculately clean.
To seduce a buyer is also to make sure that he/she can imagine living in said property. Depersonalization is essential and refers to removing elements that may harm the sense of belonging of the potential buyer. For example, remove family photos or travel souvenir frames from walls. Your clothes or shoes should not be lying around the property either. It is then important to create a neutral environment where the buyer will be comfortable and ‘feel at home’.
Home staging is a method to improve the ergonomics and aesthetics of a room. This technique includes moving furniture, adding decorative elements to the room or rearranging the entire space to make it more welcoming. Your real estate broker has the knowledge in this area and can help you to carry out an efficient and attractive home staging for the buyer. Don’t hesitate to ask your real estate broker for advice!
The seduction of a buyer also depends on the calm he can experience during his/her visit. Make sure the windows are properly closed, the radio is turned off and your neighbors are not undergoing major renovations. A calm environment inspires trust and is then much more seller for a buyer.
Pets are very cute, but they can sometimes create unfortunate situations. For example, during visits, a potential buyer may be uncomfortable with the presence of an animal or even allergic. Whenever possible, keep your pet with a loved one or bring it with you during visits to avoid unpleasant situations.
With these 5 handy tips for selling your property, the seduction of your buyers is almost guaranteed. It is now the turn of the expertise of your real estate broker to ensure his/her love at first sight!
Our team has established 5 practical tips to seduce potential buyers during the sale of his property: do the big cleaning, depersonalize the spaces, bet on elements of home staging, provide a tranquil environment and if you have pets, if possible, have them kept. For tips inspired by Valentine’s Day, we invite you to read our article published in the Metro Journal!
The Plateau-Mont-Royal amends its Zoning By-law (01-277) In the midst of a housing crisis, the Plateau-Mont-Royal borough in Montreal has recently announced the adoption of
The FHSA – Key information Buying a home is an important investment that can lead to one of your best investments for life. There are
Lease renewal : the important points As the deadline for lease renewal approaches, it is appropriate to point out a few details of the law
Buying a property with a real estate broker is an important event in anyone’s life. However, it requires many additional costs to the house itself. A budget must therefore be planned for this important transaction. Here is a summary of the costs for a buyer when purchasing a home.
When buying a property with or without a real estate broker, it is important to hire a home inspector who will assess the condition of the property in question. It is recommended that the inspector be part of a professional order. It should be noted that there is no Order of Inspectors. However, there are associations like the Association of Building Inspectors of Quebec (ABIQ) or orders like the Order of Architects or the Order of Engineers of Quebec in order to find the appropriate inspector for the type of property to inspect. Thus, this provides additional protection for the buyer. The cost for the inspection will vary depending on the size of the property, its age and dimensions.
The inspector will be able to determine whether the property presents problems that were not observed during the brief visit to the building. With the pre-purchase inspection, the inspector can also detect hidden defects. The inspector will then make his written report. Depending on the results of the inspection report, if these prove to be problematic, then the buyer may revise the price of the property downwards or even withdraw from the offer to purchase. For more information on withdrawing from an offer to purchase after an inspection, please read our blog article on the subject.
Once your offer has been accepted with your real estate broker on your desired property, you must book a a notary to formalize the real estate transaction. The choice of the notary is determined by the buyer. The cost of the notary’s fees will depend on different factors like region, number of homes, type of property etc.
The notary will prepare the deed of sale, the deed of mortgage loan and will publish the deed of cancellation with the Land Regime. Land tenure is a report that determines property rights. The act of radiation in the Land Regime then allows the removal of the right to property. The notary then formalize the sale of the property.
Taxes will vary depending on the value of the property and the area in which the property is located.
After the notarized deed of sale, the new buyer must pay property transfer duties to the municipality. The amount of the duties will depend on the value of the property. Indeed, a percentage will be imposed on different price brackets.
For the first $ 50,000 bracket : 0.5%
For an amount of $ 50,000 to $ 250,000: 1%
For a bracket of $ 250,000 or more: 1.5%
For a bracket of $ 500,000 or more (in Montreal): 2%
Property transfer duties are compulsory and payable only once after the deed of sale has been notarized.
School and municipal taxes are taxes that must be paid each year. The municipal tax period begins on January 1st and ends on December 31st inclusive. The school tax period begins on July 1st and ends on June 30th inclusive.
These taxes help, among other things, finance various services such as road maintenance and repair, heating of schools and public transport. When buying a property, the future owner becomes aware of these amounts.
The school tax statement indicates the amount to be paid annually. It also shows the evolution of the value of the property in recent years. The municipal tax bill details the amounts imposed by the municipality and the borough. It is the notary who will calculate the amount of taxes to be paid at the time of the transaction for the new buyer. Your real estate broker can help you and explain the intricacies of these fees.
In Quebec, when the seller of the property is accompanied by a real estate broker, it is important to know that the compensation of the broker-collaborator is generally paid by the seller.
The purchase of a property involves many other costs following the notary. In fact, these costs can range from moving, to renovating the property, buying appliances and home insurance. However, these costs are necessary to acquire the dream property.
Buying a property with or without a real estate broker involves different costs. These costs range from the down payment, pre-purchase inspection fees, notary fees, taxes (property transfer duties, school and municipal taxes), as well as other additional costs that may be payable following the acquisition of the new property.
In addition of various fees, the down payment is a portion of the amount you will need to take out of your savings to acquire the desired property. The mortgage loan insurance, commonly known as a mortgage, will then pay off the remaining balance of the property.
For more information on down payments in Montreal, please read our down payment blog article.
The Plateau-Mont-Royal amends its Zoning By-law (01-277) In the midst of a housing crisis, the Plateau-Mont-Royal borough in Montreal has recently announced the adoption of
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Single-family homes, cottages, divided or undivided condominiums, duplexes, triplexes, quadruplexes, the types of properties are numerous. The sale of a property is an important life change that can cause many concerns.
Even though selling a property is a common practice, few people are aware of the various documents required for this real estate transaction. Here is an overview of these mandatory documents to help you better prepare for this exciting life change.
The certificate of location is a document consisting of a report and a plan prepared by a land surveyor. The latter must be a member of the Ordre des arpenteurs-géomètres du Québec (OAGQ).
The certificate of location accurately represents the state of the premises. It includes the physical condition of the premises and indicates any cadastral renovations that have been carried out. The certificate of location proves the conformity of the property with provincial and municipal regulations (e.g. zoning).
This document must be up to date and can take up to six weeks to obtain, depending on the market’s effervescence. In Quebec, it is valid for a period of 10 years. The certificate of location is mandatory because it is required by the notary before the signing of the deed of sale. It is therefore important to plan ahead in order to obtain the certificate of location in time.
Once the promise to purchase or the counter-proposal to the promise to purchase has been accepted and all the conditions of the promise to purchase have been fulfilled, it is the signing of the deed of sale before a notary that formalizes the sale of the property. This is the final step in the transaction.
The deed of sale is drawn up by a notary who respects the rights of both the seller and the buyer. The notary will also ensure the veracity of the facts mentioned in the promise to purchase.
In the deed of sale, there are various elements such as, among others, the contact information of the buyer and the seller, the description of the inclusions, the price of the transaction and the amount of the notary’s fees.
The sale of a property is synonymous with mortgage financing. The mortgage deed is a document detailing all the loan components (loan principal, interest rate, amortization period, etc.) of the property financing. The mortgage deed is drafted by a notary and is combined with the deed of sale.
When the property is sold, the notary must verify that the provincial and municipal taxes have been paid. In addition, the balance of the mortgage loan must have been paid in full by the seller. This will allow for the cancellation of the mortgage loan. The notary will then publish the deed of cancellation in the Land Titles. The Land Registry is a report that determines ownership rights. The deed of cancellation in the Land Regime then allows for the removal of the property rights. It should be noted that in the past, a mortgage deed was required to put the property up for sale. Today, the most important document is the last mortgage statement.
School and municipal taxes contribute, among other things, to the financing of various services such as road maintenance and repair, heating of schools and public transit. When selling a property, the future owner must be aware of these amounts. A real estate broker will have access to them and can inform future buyers. The school tax statement indicates the amount to be paid annually. It also shows the evolution of the value of the property in recent years. The municipal tax statement details the amounts imposed by the municipality and the borough.
Divided co-ownership is governed by a syndicate of co-ownership which ensures that the building is respected and properly administered. The Declaration of Co-ownership is a notarized document which acts as a binding contract between the various co-owners of the building. The document describes the administrative and living rules of the building. These rules must be respected by the owners, tenants and members of the syndicate of the immovable, under penalty of negative consequences. The Declaration of Co-ownership makes each party responsible and can promote better harmony between co-owners.
The financial statements of the syndicate of co-owners are reports detailing the accounting situation of the co-ownership for each fiscal year. Any co-owner can have access to these reports.
Minutes are a document drawn up following a meeting of the co-owners of a building. It must be clear and concise. The minutes must contain the name of the syndicate of co-ownership, the date and time of the meeting, as well as the comments and interventions of the co-owner members. An appointed secretary is in charge of writing the minutes and they are signed by the president of the syndicate of co-ownership. The minutes then provide an overview of the concerns, comments and decisions made regarding the co-ownership.
Unlike divided co-ownership, there is no syndicate which ensures the proper administration of the immovable, but rather an undivided co-ownership agreement detailing the rights of each owner and giving details on the management of the undivided co-ownership. The various expenses for the maintenance of the immovable must be separated between the owners depending on the shares of each. The undivided co-ownership agreement is not mandatory, but is strongly recommended for the proper management and administration of undivided co-ownership.
There are different types of leases: six months and less, six months and more, and open-ended leases. However, a lease is automatically renewed and is usually for a period of 12 months. There is a time limit for notifying tenants of an increase in the rental amount. When the property is sold, a copy of the leases must be provided to the new purchaser.
Even when a property is sold, a tenant has a right to remain in the premises. This means that he or she can stay as a tenant for as long as he or she wants. The landlord sends a renewal notice to the tenant to find out if he or she will stay on the premises. The tenant has a specified time to respond to the landlord. Failure to respond will result in the renewal of the lease. At the time of sale, the renewal or non-renewal notices allow the buyer to have a better idea of the amount of rent paid by the tenants.
As mentioned, the sale of a property requires mandatory documents depending on the type of property. Specificities may also be required at each step of the real estate transaction.
If you are thinking of selling your property or simply have questions, contact one of our real estate brokers to find out how we can help you.
