Green condos

Green Condos: A Way to Downsize in More Ways Than One?

By Andrew Mitchell | Buying Real Estate

With the children all grown up and the intriguing prospect of travel and increased mobility that comes with retirement, many Montreal-area homeowners are looking into the possibility of “downsizing” – i.e. selling the family home and moving into a cozier, more manageable condominium for two. And with ideas of sustainable or “green” energy now entering the mainstream, it’s only natural that many of these condo buyers would be interested in reducing their “ecological footprint” as they downsize.

If that describes you, then you’ll definitely want to look into the latest developments in “green condo” design.

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Buying a duplex to build equity

Advantages of Buying a Duplex, Triplex or Fourplex

By Andrew Mitchell | Real Estate Investing

There’s Strength in Numbers, Especially When It Comes To Making Mortgage Payments

So you’ve been renting for several years and you’ve worked your way into a sound financial situation. Time to buy a house, right? Absolutely. But the important question is: what kind of a house? After sharing buildings with other tenants all of your adult life, you’ll probably be imagining moving your family into a snug little single dwelling castle of your own. However, that isn’t necessarily the wisest decision for everyone. Of course, there is something undeniably appealing about having a place all to yourself – but don’t forget to consider the charms of sheltering a tenant or two under your newly purchased roof. Buying a Duplex, Triplex or Fourplex can have a huge impact on your future as a property owner.

Here’s why buying a duplex, triplex or fourplex can help you get ahead in the real estate game.

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Home Ownership Program Montreal

Home Ownership Program Montreal: Save Thousands Buying a New Home or Condo

By Andrew Mitchell | Buying Real Estate

As a real estate broker I work a lot with first-tine home buyers on a budget who are looking to purchase a new home or condo and would like to know what government programs they can benefit from. While I will sit down and analyze each client’s personal situation to determine which programs they could be eligible for, one program that many buyers may want to apply for is Montreal’s Home Ownership Program.

Here’s how to qualify for thousands of dollars of refunds as a new home or condo buyer in Montreal.

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Paying Welcome Tax

Welcome! Now Pay Me! A Brief History and Calculation of the Dreaded Welcome Tax

By Andrew Mitchell | Buying Real Estate

As a real estate agent I often am present at the notary for the signing of the act of sale where the deed of ownership trades hands from seller to buyer. The dreaded Welcome Tax is one of the costs I always discuss with clients who are purchasing a home. It does sometimes still come as a shock to many buyers when the notary announces that the buyers will be responsible to pay thousands of dollars in Welcome Tax. Otherwise known as the Tax de Bienvenue, or more formally the Droit de Mutation / Duty on the Transfer of Immovables in Quebec.

Find out more about one of the largest taxes you might pay when you buy a home, the dreaded Welcome Tax!

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Renting Versus Buying

Renting Versus Buying: What Makes More Sense Financially?

By Andrew Mitchell | Buying Real Estate

Many first-time buyers are debating whether they should continue to rent or should they buy. It’s also a consideration for those entering retirement age that are thinking of downsizing out of their home to a condo or apartment. But what makes more sense to rent or to buy? There are some big advantages to rent in certain situations and some even bigger advantages to buy a home.

Answer these 7 questions to know for sure if you should buy or if you should rent.

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