Market Update: Inflation Under 3% For 1st Time In 3 Years
Some more good news coming out of the markets today that will be positively affecting your ability to purchase, sell or invest in real estate.
Some more good news coming out of the markets today that will be positively affecting your ability to purchase, sell or invest in real estate. The Fed will be making an announcement at 2PM today but we should already be happy that the inflation rate has come in below projections at 2.9%, official marking it as the first time the inflation rate has fallen below the 3% mark in 3 years. On a six-month annualized basis, it's under 2%!
Here’s the 3 most important announcements that will affect interest rates and inflation.
Wednesday's Fed rate announcement
Wednesday's Canadian GDP
Friday's U.S. job numbers.
Now, let’s shift gears to the current interest rates:
Insured 5 Year fixed starts at 4.94% and 5.19% for 20% down or +
Insured 5 Year Variable starting at 6.25% and 6.60% for 20% down or +
Conventional (rentals / 1M + purchase price) starting at 5.19% fixed 5 years,
6.60% variable.
6.30% 5 Year-Variable (w/ 35% down)
1 Year fixed starting at 6.64% (Insured)
2 Year Fixed starting at 5.99% (Insured)
3 Year fixed starting at 5.14% (Insured)
UPDATE: Bank of Canada Holds Key Rate at 5%
In its most recent announcement, the Bank of Canada has maintained its key interest rate at 5%
In its most recent announcement, the Bank of Canada has maintained its key interest rate at 5%, a move that reflects its commitment to balancing economic growth and inflation control. This also marks the fourth consecutive time the BoC has decided to hold the rate.
The bank has been clear on their reasons for not already cutting the rate. “The Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation,”
While we were all hoping for a cut in the key rate, there is still a silver lining to today’s announcement. Discussions of rate shifts have gone from hikes to talks of cuts. This doesn’t only signal a rate cut in the near future but also shows the general outlook and attitude of the BoC.
Here’s an encouraging statement by Tiff Macklem: “With overall demand in the economy no longer running ahead of supply, governing council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability to how long to stay at the current level,”
Only time will tell what comes next but I think it’s safe to say that there looks to be light at the end of the 2024 tunnel.
Not sure what your next move should be? Whether it’s buying, selling, renting or investing, talk to me first.
FOR SALE: 4314 de Lorimier in The Plateau
This Elegant, Gothic Style condo has this great old school, trendy feel with these gorgeous arched doorways. Located on the 3rd level of a triplex close to the Lafontaine Park and at a short distance from boutiques and restaurants on Rachel street.
Welcome to 4314 de Lorimier in The Plateau.
This Elegant, Gothic Style condo has this great old school, trendy feel with these gorgeous arched doorways. Located on the 3rd level of a triplex close to the Lafontaine Park and at a short distance from boutiques and restaurants on Rachel street. You’re right in the middle of the action with some of the most popular bars, cafe’s and restaurants in the city.
The living room is one of my favourite rooms in the unit with a white brick wall. Plenty of room for a big screen TV and you can even add a desk for a home office section.
Then we have the kitchen. A beautiful, fully equipped, viking kitchen with stone floors and steel counters. A cook’s dream!
Enjoy 2 private balconies and a driveway with 2 parking spots!
Click below for more information or call me 514.892.4889 to schedule a visit
PRICE: $698,000
Off Market Luxury Listing In The Golden Square Mile
EXCLUSIVE OPPORTUNITY: Looking to live in the lap of luxury in Downtown Montreal? I just picked up an off market listing. The only people that will know about this prestigious units are the people I know and of course, you guys.
OFF MARKET OPPORTUNITY: Have you been looking for a luxury condo in Downtown Montreal? I just picked up a listing that will blow all others out of the water. This is an exclusive off market property, delivering in June 2024, so I can’t give all the details online but below is a list of important details:
DETAILS
2 Bedroom / 2 Bathroom
860 Sq-Ft
212 sq-ft balcony
Corner Unit
High Floor
One Indoor Parking Spot & One Storage Unit Included
Located Downtown in the Golden Square Mile near The Bay
Luxury Development by a top tier developer
BUILDING AMENITIES
Concierge
Fitness Center
Valet Parking
Rooftop Terrace
Pet Grooming
Coworking Areas
Garden Courtyard
Gated Community
Basketball Court
Cinema Room
Reading Room
Yoga Room
Sky Lounge
Game Room
Full Spa
Dog Park
Whiskey Bar
Rate Update: Thing
2024 is here and the fixed rates continue to drop with the Big 6 banks also jumping into the competition.
Rate Summary As of January 12th 2024
Feeling a bit lost? Don’t worry, you’re not alone. Contact me to discuss what these rates mean for you and how to take advantage of them to get the best price possible on your purchase.
New Rental: 90 Prince (Old MTL)
Welcome to 90 rue Prince. Home of Le M9 Condos. Live at the very centre of some of Montreal's finest attractions.
Welcome to 90 rue Prince. Home of Le M9 Condos. Live at the very centre of some of Montreal's finest attractions.
Start your morning by walking a mere few feet to Cafecito and picking up a delicious coffee. Enjoy dinner at some of Montreal's finest restaurants like Fish Bone or eat in and shop for groceries just a walk away! This 900 sq-ft, 2 bed, 2 bath condo boasts a huge master bedroom and spacious bathrooms and a fully equipped, large kitchen. Fully furnished and ready to move in.
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-Fully Furnished, Turn Key
-Large main bedroom
-Spacious Bathrooms
-Stainless Steel Appliances
-Washer/Dryer Included
-Modern loft style -
-Fully equipped gym
-Pool
-24hr Security
-Bicycle Parking
-Large Storage Space
-Private courtyard
New Rental: 101 Peel (Mary Robert Condos)
One of two new rentals I’ve really signed on, 101 Peel is easily one of my favourite Griffintown condos. Not only is the apartment a total stunner but you should see the Mary Robert building.
One of two new rentals I’ve really signed on, 101 Peel is easily one of my favourite Griffintown condos. Not only is the apartment a total stunner but you should see the Mary Robert building.
Live at the very centre of some of Montreal's finest attractions. Start your morning by getting your caffeine fix a few feet away at Cafe Bodega.. Enjoy dinner right across the street at Moretti or eat in and shop for groceries just a walk away! This 845 sq-ft, 2 bed, 1 bath condo boasts a huge master bedroom and spacious bathroom and a fully equipped, large kitchen. Fully, beautifully furnished and ready to move in.
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-Fully Furnished, Turn Key
-Large main bedroom
-Spacious Bathrooms
-Stainless Steel Appliances
-Washer/Dryer Included
-Modern loft style -
-Fully equipped gym
-Nordic Spa
-Pool
-24hr Security
-Concierge
-Bicycle Parking
-Large Storage Space
-Private courtyard
Market Update: Bank of Canada Holds Rate at 5%
In some very important news this week, the Bank of Canada has decided to hold their rates at 5% for a third consecutive meeting. Considering the turbulent changes we’ve witnessed in rates for the past year, this is some considerably good news.
In some very important news this week, the Bank of Canada has decided to hold their rates at 5% for a third consecutive meeting. Considering the turbulent changes we’ve witnessed in rates for the past year, this is some considerably good news.
What does this mean for current mortgage holders? Anyone who currently has a variable rate or a HELOC are well positioned now that inflation is moving in the right direction Furthermore, this could mean rate cuts at some point in 2024.
Does this mean buyers should be jumping into the market? In a word, yes. Experts are expecting 2024 to be an unpredictable year. Interest rate changes will depend on a variety of factors and can go up or down. Now that we’ve got a pause at 5%, this would be a good time to grab a property.
Worried you’ll miss possibly lower rates next year? A variable mortgage may be a good move for you to benefit from any potential rate drops.
But, don’t worry about all that. All you need to do is contact me, and I’ll make sure you’re in good hands.
New Rental Listing: 4314 de Lorimier in The Plateau
This Elegant, Gothic Style condo has this great old school, trendy feel with these gorgeous arched doorways. Located on the 3rd level of a triplex close to the Lafontaine Park and at a short distance from boutiques and restaurants on Rachel street.
Welcome to 4314 de Lorimier in The Plateau.
This Elegant, Gothic Style condo has this great old school, trendy feel with these gorgeous arched doorways. Located on the 3rd level of a triplex close to the Lafontaine Park and at a short distance from boutiques and restaurants on Rachel street. You’re right in the middle of the action with some of the most popular bars, cafe’s and restaurants in the city.
The living room is one of my favourite rooms in the unit with a white brick wall. Plenty of room for a big screen TV and you can even add a desk for a home office section.
Then we have the kitchen. A beautiful, fully equipped, viking kitchen with stone floors and steel counters. A cook’s dream!
Enjoy 2 private balconies and a driveway with 2 parking spots!
5 Month Lease Term
Click below for more information or call me 514.892.4889 to schedule a visit
New Rental Listing: 6001 Boul. Lasalle, Verdun
Meticulously designed & fully renovated, offering 1,530 SF of living space with 1 garage parking spot, 2 +1 spacious bedrooms with a mezzanine, 1+1 baths, a fully equipped kitchen with stainless steel appliances, balcony, and private terrace.
Welcome to 6001 Boul Lasalle in Verdun.
Meticulously designed & fully renovated, offering 1,530 SF of living space with 1 garage parking spot, 2 +1 spacious bedrooms with a mezzanine, 1+1 baths, a fully equipped kitchen with stainless steel appliances, balcony, and private terrace.
Enjoy the luxury of a mezzanine level, perfect for a home office, entertainment area, or whatever you desire as well as cathedral ceilings, engineered hardwood flooring throughout and large windows providing a cavalcade of natural light along with a stunning view of Parc du Quai de la Tortue.
6 Month Lease Term
Click below for more information or call me 514.892.4889 to schedule a visit
Teaser of My Visit to 1 Square Phillips
A quick teaser for my upcoming video of my visit to the 1 Square Phillips Condo development. Cars, courtesy of my friend Mr. Jeremy Yassa of Kapitale Leasing.
A quick teaser for my upcoming video of my visit to the 1 Square Phillips Condo development. Cars, courtesy of my friend Mr. Jeremy Yassa of Kapitale Leasing.
Welcome to Eran Dahan Real Estate 1.0.
That's why I'm thrilled to introduce you to my new website, designed to make your property search and transaction process smoother and more enjoyable than ever.
In today's fast-paced world, finding the perfect home or investment property can be a daunting task. Whether you're a seasoned property investor or a first-time homebuyer, having a reliable and efficient real estate broker by your side is crucial. That's why I'm thrilled to introduce you to my new website, designed to make your property search and transaction process smoother and more enjoyable than ever.
I've had the privilege of helping countless clients find their dream homes and lucrative investment opportunities. My commitment to excellence and personalized service has earned me a stellar reputation in the real estate community.
My personalized service goes far beyond the bounds of real estate. Whether it’s a new home, car, insurance, financial expertise, furniture, you name it, rest easy knowing I can help with ALL your needs.
I look forward to sharing this journey with you.
New Construction & Development Announcement
Last week, I attended my agency, M Immobilier’s event announcing our new, New Construction & Development Department. Here’s why this matters to you.
Last week, I attended my agency, M Immobilier’s member event announcing our new, New Construction & Development Department. Trust me, this is a big deal.
This department puts me in the ultimate position to help my clients looking to invest in a new construction project by being equipped with unprecedented access to new developments as well as expertise in the process.
In the coming 2 years, you will be seeing and HAVE been seeing tons of announcements on new condo buildings springing up. This will occur most notably in downtown but there’s plenty happening in other areas like Kirkland, Pointe Claire and more.
Never bought or invested in New Construction? Contact me today and let me help get you up to speed :)