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  1. Les gens viennent au centre-ville pour s'y établir et y vivre. On voit donc de plus en plus de tours d'habitations. Mais une des raisons pour lesquelles on planifie moins de grandes tours à bureaux est illustré dans l'article ci-dessous. Dell Wants Half of Employees Working Remotely By 2020 Yahoo CEO Marissa Mayer in February generated a lot of attention when the company announced that employees could no longer work from home and had to come into the office. Mayer and other Yahoo officials said it was the right move for the company, arguing that Yahoo needed to improve communication and collaboration among employees, and that it was difficult to do without having the employees under the same roof. The decision went against the trend toward telecommuting—particularly in the tech sector—and was furiously debated, with critics saying that telecommuting boosted worker productivity, made for more satisfied employees, was a good recruiting tool, saved companies money and helped the environment. It also reportedly has engendered some anger from Silicon Valley residents, who say Yahoo's decision and similar ones by other tech vendors like Hewlett-Packard are key contributors to a worsening traffic situation in the area, according to Business Insider. However, Dell is laying out a plan to get half of its workforce to work remotely at least part of the time by 2020, which officials said will reduce the vendor's expenses while helping out the environment. The effort around increased telecommuting is one of more than two dozen goals outlined in a recent report by the newly-private Dell—called the "2020 Legacy of Good" plan—that officials are aiming for over the next six-plus years to reduce the company's impact on the environment. Other goals range from ensuring that 100 percent of Dell packaging is made from reusable or compostable materials, phasing out "environmentally sensitive materials" (such as mercury and berylium) as viable alternatives hit the market, getting 75 percent of employees involved in community service, and diverting 90 percent of all waste generated by Dell buildings away from landfills. Dell already offers flexible work schedules through its Connected Workplace program, through which 20 percent of employees telecommute, work remotely or have variable work times. Trisa Thompson, vice president of corporate responsibility at Dell, told Houston television station KVUE that having 20 percent of the company's 14,000 employees at Round Rock, Texas, saved Dell $14 million in 2012 and reduced CO2 emissions by 6,735 metric tons. Increasing the number of telecommuters and remote workers to 50 percent could result in more than 7,000 cars being taken off area roads, Thompson said. "Technology now allows people to connect anytime, anywhere, to anyone in the world, from almost any device," the Dell report reads. "This is dramatically changing the way people work, facilitating 24x7 collaboration with colleagues who are dispersed across time zones, countries and continents. Dell is a global technology leader, so our team members should be able to take advantage of the flexible work opportunities that our own products and services create." The company also has begun offering consulting services to customers looking to create similar flexible work schedules using Dell technology and expertise. According to the market research firm Global Workplace Analytics, telecommuting and remote working is becoming increasingly popular, with 3.3 million people in the United States—not including the self-employed or unpaid volunteers—saying their home is their primary place of work. Regular telecommuting grew by 79.7 percent between 2005 and 2012, and should grow to 3.9 million workers by 2016, according to the firm. Sixty-four million U.S. employees—about half of all workers in the country—are in a job that is compatible to telecommuting and remote working at least part of the time, Global Workplace Analytics reported. According to a March report by Staples Advantage, the B2B unit of retail chain Staples, 93 percent of employees surveyed said telecommuting programs are benefitting both them and their companies, and 53 percent of business decision makers said telecommuting leads to more productive employees. In addition, 37 percent of employers reported a drop in absenteeism, while 48 percent of remote workers surveyed said they are less stressed. However, there also were concerns: 59 percent of telecommuters don't use their company’s data backup system, putting sensitive information at risk, and 33 percent of employees said dealing with IT issues is one of the most difficult aspects of working from home. http://www.eweek.com/mobile/dell-wants-half-of-employees-working-remotely-by-2020.html#!
  2. je sais pas c'est qui ce monde la, mais cette petite 'home video' de ce qui semble etre des touristes d'outre-mer pourrait presque faire office de video promotionel pour tourisme montreal ...! bref, c'est bien. http://www.youtube.com/watch?v=8_UiOrQlaWo&feature=related
  3. Don't have a million dollars for a Vancouver home? A new Twitter campaign shows youre not alone The #DontHave1Million hashtag is spreading on Twitter, as people complain about being priced out of the housing market. Photograph by: Screenshot , Twitter Don’t have $1 million for a house in Vancouver? Turns out you’re not alone. A hashtag campaign created by 29-year-old Vancouverite Eveline Xia is encouraging priced-out urbanites to speak up about their home ownership woes by sharing their age and profession on Twitter. The campaign, called #DontHave1Million, is attracting posts from engineers, planners and scientists, as well as real estate agents from other B.C. communities where housing is cheaper. “Will never be able to afford living in the city I grew up in,” tweeted a business graduate. “Every city everywhere in this country needs the people that keep it going,” added an industrial rigger and specialty mover. “If only I could plant a money tree instead of bok choi, kale or mustard,” said another poster. But others countered with posts calling the tweeters entitled. “Don’t be foolish ... rent and invest instead,” said one. “Buy within your means. Move to the burbs. Suck it up, buttercup,” said another. Responding to critics of her campaign in a statement on Twitter, Xia said her generation is “not looking for a handout,” but rather “asking for a fighting chance to stay here in the city we love.” Salaries have not kept pace with housing prices, she noted, and young, talented workers are beginning to leave in favour of communities where they can afford to buy a home for their families. “To have a diverse, interesting and thriving community, Vancouver needs people like us to stay, work and raise our families here,” she said. According to a VanCity report released in March, the average detached Vancouver home could cost $2.1 million by 2030. “Although 75 per cent of Millennials think that home ownership is a primary long-term goal ... many will have to revise their goals to accommodate rising unaffordability in Metro Vancouver,” said the report. Warning that if trends are not reversed, homes in the suburbs will also become increasingly unaffordable for people earning the median income, the report said a reversal would be possible through public policy and changes in financial practices. Those using the #DontHave1Million hashtag expressed hope that the social media campaign would be the start of a “revolt” leading to change. gluymes@theprovince.com sent via Tapatalk
  4. http://www.cbc.ca/beta/news/canada/montreal/montreal-real-estate-tax-foreign-investors-vancouver-1.3704178 A new tax on foreign buyers in Vancouver has real estate agents predicting a spillover effect into other Canadian markets. But it's unclear if Montreal, often an outlier when it comes to real estate trends, will be among them. "I really don't think this is something that's looming for Montreal," said Martin Desjardins, a local realtor. The market here is "nothing compared to what's happening in Toronto and Vancouver," he said. The new 15 per cent tax, which took effect Tuesday, was introduced by the British Columbia government with the intent of improving home affordability in Metro Vancouver, where house prices are among the highest in North America. Ontario Finance Minister Charles Sousa has said he is examining the possibility of a similar tax "very closely," as a measure to address Toronto's skyrocketing home prices. Experts believe the Vancouver tax could exacerbate the booming housing market in Toronto and, potentially, affect other Canadian cities. Brad Henderson, president and CEO of Sotheby's International Realty Canada, said some foreign nationals could turn to areas not subject to a tax — either elsewhere in British Columbia or farther afield. "Certainly I think Toronto and potentially other markets like Montreal will start to become more attractive, because comparatively speaking they will be less expensive,'' Henderson said. However, the Montreal market has so far remained off the radar of foreign investors. France, U.S top Montreal foreign buyers the Canada Mortgage and Housing Corporation said the number of foreign investors in the Montreal area is small and concentrated in condominiums in the city's downtown. The report found that 1.3 per cent of condominiums in the greater Montreal region were owned by foreigners last year. That number jumps to nearly five per cent in the city's downtown. Residents of the United States and France accounted for the majority of foreign buyers, while China (at eight per cent) and Saudi Arabia (five per cent) accounted for far fewer buyers. Francis Cortellino, the CMHC market analyst who prepared the study, said it's difficult to determine whether the Vancouver tax will change the situation much in Montreal. "We're not sure yet what [buyers] will do," he said. "There are a lot of possibilities." In Montreal, Desjardins said the foreign real estate buyers most often operate on a much smaller scale, often consisting of "mom and pop investors" or people from France looking for a more affordable lifestyle. "I don't think it will ever be to the point where we'll have to put a tax," he said. Sent from my iPhone using Tapatalk
  5. Lu sur Reddit : https://www.reddit.com/r/montreal/comments/4rcpiu/community_thank_you_to_the_kind_soul_that/?st=iq9kth1j&sh=1cf6b1a0
  6. With Festival Season Underway, Montreal Reflects on 10-Year Cultural Plan BY GREG SCRUGGS | JUNE 17, 2016 Summery electronic beats floated through the air alongside fragrant cheese and the occasional whiff of marijuana. Picnic blankets laden with pâté and baguettes commingled with flowing bottles of beer and wine. Families parked strollers, millennials lounged near their bikes, and techno tourists went gaga for Swedish DJ and producer Peder Mannerfelt. The occasion for such a languid Saturday afternoon earlier this month in downtown Montreal was MUTEK, a festival dedicated to electronic music and digital arts that held its 17th edition this year. Its free programming at the Parterre, a simple plaza easily converted into a performing arts venue, is just a small sampling of the festival overload that takes hold every summer in the city’s Quartier des Spectacles, a downtown cultural district that hosts most of the outdoor fêtes. Even as the 40,000 MUTEK attendees, roughly half from outside the metropolitan area, fluttered among a handful of the Quartier’s sleek venues, workers were busy maneuvering lighting trusses and erecting stages on downtown streets to accommodate the 500,000 that came for Les FrancoFolies, a French-language music festival that wraps up Friday, and the 2.5 million expected for the Montreal Jazz Festival, which starts June 26. Montreal is North America’s undisputed festival capital, with 200 annual medium- to large-size events downtown that generate over 1,000 festival days, according to the city’s Bureau of Cinema, Festivals, and Events. “For the size of Montreal, that’s pretty astounding,” says the bureau’s director, Daniel Bissonnette. The metro area of 4 million has a comparatively low GDP per capita, he points out, but through a combination of dedicated cultural infrastructure and savvy marketing, it punches well above its weight. Cities have come knocking at his door to ask what’s in Montreal’s secret sauce, he says, most recently Los Angeles. At the end of June, Bissonnette will travel to Kraków, Poland, for a meeting of a nascent, as-yet-unnamed international network of festival cities that also includes the likes of Adelaide, Barcelona, Berlin and Edinburgh. But as the city’s international festival acclaim grows, it must also continue to nurture the local cultural community, whose public arts funding is in limbo as the provincial government plans to cut back while the federal government has pledged to increase support. Plus, next year concludes the scope of the city’s 10-year cultural plan and the city council is poised to adopt a new strategy. While it’s still early for any concrete details, the bustling summer scene downtown offers some clues as to what the future might hold. The square-kilometer patch of the eastern edge of downtown Montreal demarcated as the Quartier des Spectacles was once the city’s red light district and a popular cheap housing option for artists. But it was also the home to the symphony and opera halls, a clutch of theaters and music venues, and the Museum of Contemporary Art — now MUTEK’s annual home base. First proposed in 2002, the Quartier des Spectacles came together over the last decade through a series of demolitions, rehabs and new constructions. The artists living there were, by and large, kicked out — whether by eviction or escalating housing costs as new condos came into the neighborhood. Some affordable live-work space was built in the Mile End neighborhood in exchange for the loss, but the artistic community who created the cachet for the neighborhood to become the Quartier des Spectacles was not compensated directly. While some of Montreal’s infamous strip clubs remain, it’s hardly the red light district it used to be — though red illumination on many of the Quartier’s sidewalks pay homage to its seedier days. And new construction continues apace, from outdoor spots like the Parterre and the Place des Festivals to new anchors like a fresh home for the Montreal Symphony Orchestra and next year’s planned arrival of the National Film Board of Canada. The result has been a resurgence in downtown living by a more well-heeled crowd attracted to the city’s cultural offerings, which mirrors trends across North America. But while cities like Philadelphia have managed at best an Avenue of the Arts, Montreal has taken over a whole neighborhood and it continues to grow. “The Quartier des Spectacles is not a finished thing,” notes MUTEK Director Alain Mongeau. Chantal Fontaine opened a bistro two years ago in the heart of the quarter along Boulevard Saint-Laurent, which is pedestrianized during the summer festival months. “The golden age of the red light district passed a long time ago,” she says, dismissing any nostalgia for the neighborhood’s previous incarnation. Also an accomplished comedienne, Fontaine lives three blocks away and notes that she can walk out the front door of her condo at 7:45 p.m. to make an 8 o’clock show. She envisions the Quartier as the city’s answer to Broadway in New York and hopes that the city’s new cultural strategy will reflect that ambition. “International renown, that Montreal becomes an incubator of shows that tour the world,” she says. “We must value our local culture abroad, we have the talent for that.” MUTEK, meanwhile, is already doing that and downtown is essential to its identity. “If we moved to another neighborhood we’d have to remap the whole discourse of the festival,” Mongeau says. “We feel like we’re contributing to the brand of the city.” Blending culture and commerce doesn’t sit well with everyone however. “Western society is pushing us to be entrepreneur artists,” laments Ghislain Poirier, a DJ/producer and a fixture on Montreal’s music scene who has played at MUTEK in past years. In 2010, he wrote an open letter to the mayor complaining that the city was kowtowing to new condo dwellers’ noise complaints and shutting down music clubs — the very venues that made the neighborhood appealing for real estate developers in the first place. That issue has since quieted down, with Bissonnette pointing out new building codes requiring triple-pane windows, policies governing the timing of outdoor amplified sound during festivals, and municipal noise inspectors who will come to a complainant’s home to objectively measure interior sound. “That’s the price you pay to have the excitement downtown,” he says. “A park far away from downtown? That’s not how Montreal works.” Nevertheless, Poirier is convinced that the cultural geography of the city has changed as a result. “Downtown is more for performing, it’s not a place of creation,” he says. “Before it was lofts and artists. Now it’s venues and festivals, mass culture and Hollywood big events.” At the same time, such bookings are valuable and Poirier looks forward to the fat paycheck from festival gigs in the Quartier des Spectacles, which help him pay Montreal’s still affordable, but nevertheless rising, cost of living. While the trend of displaced artists is hardly unique to Montreal, the phenomenon of cultural gentrification is atypical — newer, fancier forms of culture displacing older, scruffier types. As the city prepares to plan ahead for the next 10 years, it may be time to put on the brakes, Poirier says. “There are almost too many events. We’re coming to a saturation point.” https://nextcity.org/daily/entry/montreal-festivals-10-year-cultural-plan
  7. https://blog.cogecopeer1.com/why-montreal-is-fast-emerging-as-canadas-cloud-hub?utm_campaign=FY16%20Inbound%20GLOBAL%20Mar%20Colocation%20Digital&utm_content=31021264&utm_medium=social&utm_source=linkedin So, what makes Montreal attractive for tech startups and cloud providers? The city has low power and real estate costs, making Canada’s second largest financial center more attractive to Canadian organizations. The city’s cold climate is a big advantage. One of the largest costs of running a data center is providing cooling for hardware, and having a supply of freezing cold air for much of the year helps. Montreal, with a population of a million and a half, has a plentiful supply of engineers, and is home to the largest concentration of research complexes in Canada, so is not short of skilled workers. Then there is the abundant supply of green power. It is one of the most inexpensive means of generating electricity, and for organizations requiring power hungry SANs and scaled out storage, cheap power is more attractive than the cheap connectivity offered by a city with a peering exchange.
  8. (Courtesy of Engadget) It is a good initiative, but will Quebec mandate by a certain year everyone needs to have an electric vehicle?
  9. Don’t tell anyone, but it’s a myth that millennials hate the suburbs It might not be as cool as living downtown, but a new survey suggests millennials might not hate suburbia all that much. Altus Group, citing its 2015 fall FIRM survey, says 35 per cent of those 35 and under disagree with the statement that they prefer to live in a smaller home in a central area than a larger home in the suburbs. The same survey found 40 per cent do agree with the statement, with everybody else neither agreeing or disagreeing. “We’ve said it before and we’ll say it again — it’s a myth that all so-called millennials are homogeneous in their desires, attitudes and behaviour,” says the report from Toronto-based Altus Group. “While there may be some tendencies that are more pronounced among today’s younger generation, when it comes to the housing sector, segmentation analysis is critical.” The survey, which only considered respondents in centres with populations of more than one million or more, found in almost every age group there was a willingness to trade off the bigger house in the suburbs for a smaller home in a central area. Among those 35-49, like millennials, 40 per cent said they would make the trade-off. <iframe name="fsk_frame_splitbox" id="fsk_frame_splitbox" frameborder="0" allowfullscreen="" webkitallowfullscreen="" mozallowfullscreen="" style="padding: 0px; margin: 0px; width: 620px; height: 0px; border-style: none; border-width: initial;"></iframe> Broken into sub categories, 19 per cent of millennials agree completely they are willing to live in that smaller home in a central area versus the larger one in the suburbs. Another 21 per cent somewhat agree. Millennials actually ranked behind those 70 years or older when it comes to strong feelings on the matter. Among those seniors, 22 per cent agreed completely with going for the tinier downtown home. “There is a prevailing view that all millennials in larger markets want to live downtown — even if it means having to settle for a smaller residence to make the affordability equation work. Our research busts that myth,” said Altus Group. The same report finds all those downtown dwellers, many of whom will be settling in high-rise condominiums, are going to need parking sports because they are not ready to ditch their cars. The FIRM survey found that in the country’s six largest markets, defined as Vancouver, Calgary, Edmonton, Toronto, Ottawa-Gatineau and Montreal, only about one in 10 owner occupants of condominiums built in the last six years does not have a vehicle. That’s close to the average of all households, but condo dwellers are far less likely to have two vehicles. twitter.com/dustywallet gmarr@nationalpost.com http://business.financialpost.com/personal-finance/mortgages-real-estate/dont-tell-anyone-but-its-a-myth-that-millennials-hate-the-suburbs Contrepoids à la discussion: http://mtlurb.com/forums/showthread.php/23922-Bye-bye-banlieue%21
  10. http://mentalfloss.com/article/72661/detroit-named-americas-first-unesco-design-city
  11. http://montrealgazette.com/business/local-business/real-estate/former-pm-brian-mulroneys-westmount-home-finally-sold?__lsa=4c7f-627d Former PM Brian Mulroney's Westmount home sells for $6 million 1021 photo reimagined MONTREAL GAZETTE More from Montreal Gazette Published on: May 22, 2015 Last Updated: May 22, 2015 11:40 AM EDT Brian Mulroney's home in Westmount sold for about $6 million. Former prime minister Brian Mulroney’s Westmount mansion — which went on the market in 2013 — has at last been sold. The five-bedroom, five-bathroom home on Forden Cres. sold for nearly $6 million, below the original price tag of $7.9 million. On Friday, the real-estate website on which is appeared had marked the home as sold, for $5,799,999. The property includes an outdoor pool, library and fenced-in yard. “This home is for a buyer who seeks an elegant home and privacy,” read the listing by Montreal power broker Marie-Yvonne Paint. “An elegant layout and spacious rooms sets it in a class of its own.” The home, registered in the name of Mulroney’s wife, was purchased in 1993 under her maiden name Mila Pivnicki. The deed of sale lists a purchase price of $1 – buyers could keep those details confidential back in the day – but multiple media outlets pegged the real cost of the home at $1,675,000. Apparently the couple spent another $700,000 on renovations sent via Tapatalk
  12. (Courtesy of The Montreal Gazette) This is the first part of three. Plus you get more visuals in the paper today.
  13. http://sustainablecitiescollective.com/city-life/324311/montreal-je-tadore Montréal, je t'adore 10 years ago, I went to Montreal for the first time on a whim. I was 20 years old, living in Ottawa and working for the Canadian government when I had just found out that my mother had breast cancer. Right after I received this upsetting news, a French Canadian guy - who I’d only met a few weeks earlier - invited me to hang out with him in Montreal. I was in such an emotional state that I decided to risk it and go spend time with someone I barely knew and have him show me his city. From that day forward, I fell madly in love with Montreal (not the boy, though - we remained friends and thankfully my mom recovered from cancer shortly after). I have gone back every few years since then, including spending three weeks in a French immersion program, just a few years after my first visit. When I returned to the city last week with my husband and son, I was reminded why I love Montreal. Here are my ten favourite things - in no particular order - about North America’s coolest city. Bikes - Montreal was one of the first cities in North America to establish a public bike sharing system with its Bixi bikes. The system was launched on May 12, 2009, and currently has 450 stations around Montreal’s central core. The city has embraced bike lanes and bike infrastructure ever since. It’s King/de la Commune station, with 110 docking points, is the biggest bike sharing station in North America. You will find people of all ages and backgrounds on bikes…like this guy:image Street art - Montreal is home to many talented street artists - and it shows, especially around the Plateau/Mont Royal area, which is bursting with colourful, impressive street murals. The city supports these artists through the recently launched MURAL festival. It is a free art festival that aims to celebrate urban art and graffiti painting, sculpture and installations, dance, music, film, and performance. The second edition took place in June on the famous Boulevard Saint-Laurent. Each festival brings new street murals to the neighbourhood. I could write a whole post on Montreal street art (and I probably will).image Advanced walk signals - In some Montreal intersections, pedestrians actually get to proceed on a green light BEFORE cars! A brilliant show of respect for people and a great way to promote safe walkable cities. Babies - I noticed everyone loves babies in Montreal. In Vancouver, people without children tend to avoid eye contact with me/pretend I don’t exist. In Montreal, everyone smiles and wants to help you when you have a child- from grandmas to young male hipsters. In all of the restaurants we went to, people never seemed to mind if my son was fussy or needed tending to. One male server even offered to watch him while my husband and I shopped on St.Denis Street. I’m pretty sure he was joking, but he mentioned that he also has children (and he was under 30). Maybe it is because Quebec’s fertility rate is higher than the Canadian average, but there appeared to be a lot of young families there. Public spaces - Montreal has many fun, creative public spaces - parklets, green laneways, urban forests, public swings, and as I mentioned before, spectacular street art. Here is a shipping container converted into a pleasant seating area:image Festivals and Culture - I remember when I was staying in Montreal for a French immersion program, it was July and the streets were constantly being closed off for some big party, complete with concerts, fireworks, outdoor movies, fashion shows, drum circles and more - Tam Tam at Mont Royal, The Indy, The Festival du Mode et Design, The Comedy Festival, The Festival du Jazz. Of course at the time I found this amazing, because festivals of this scale were so rare in my hometown of Vancouver. We may finally be catching up, but nobody throws a party like Montreal. Whimsy - When I walk around Montreal, I don’t see a city of monotonous glass towers. There are little bits of whimsy all around, like purple accents on heritage buildings, a bold red staircase on a rowhome, street trees made of ribbon, amusing murals, and even garbage cans made to look like maple syrup containers. Montrealers definitely have a sense of fun.image Mid rise buildings/row homes - You can walk down some streets in Montreal and forget you are in a city. I loved getting off the main roads and finding myself on a quiet street surrounded by lush trees and row homes, very much like New York. The city also seems to prefer mid-rise buildings to high-rise towers. Bilingualism and Multiculturalism: Montreal is one of the rare cities where people speak two languages - French and English - and that is a beautiful thing. To be able to walk into a store or restaurant and have the option of being served in French, English, or a bit of both, is a treat for me as I continue to work on improving my French skills. The city is also home to many different ethnicities - from Portuguese to Chinese to Italian and Haitian. On my last visit, I loved spending time in Little Portugal on upper St Laurent St, where I bought a lucky Portuguese rooster and ate an enormous roast chicken sandwich and egg tart. Style: Many Canadian clothing brands got their start in Montreal, such as Jacob and Le Chateau, and the city is home to several clothing designers and manufacturers. Montrealers have a sense of style that is bold and eclectic. This makes for great shopping (especially around the Mont Royal area) and people watching. As one Montrealer states: In Montreal, dressing in what makes you feel awesome and sexy, no matter how outlandish, is just a normal part of life. Thinking of cutting off the arms of an old fur coat and wearing them as legwarmers? Great idea! Want to max out the use of your Dracula Halloween costume by rocking a floor-length cape year-round? By all means, please do! You can understand why Cirque du Soleil had to come from Quebec and nowhere else. Walkable. Bikeable. Hip. Fun. Stylish. Edgy. If I haven’t already convinced you of Montreal’s effortless cool and fun-loving ways, you should go and see for yourself why it’s one of the best cities in the world.
  14. http://inhabitat.com/ https://www.facebook.com/Inhabitat About Inhabitat.com is a weblog devoted to the future of design, tracking the innovations in technology, practices and materials that are pushing architecture and home design towards a smarter and more sustainable future. Inhabitat was started by NYC designer Jill Fehrenbacher as a forum for investigating emerging trends in product, interior, and architectural design. Managing Editor Mike Chino leads the editorial team, while Alyssa Alimurung assists with daily business operations. The rest of the team is made up of the best design editors and writers from all over the world: Yuka Yoneda (New York Editor), Lana Winter-Hébert (Design Editor), Lucy Wang (Features Editor), Bridgette Meinhold(Architecture Editor), Jasmin Malik Chua (Copy Editor and Fashion Editor at Ecouterre) and Beth Shea(Kids and Wellness Editor). Mission GREEN DESIGN IS GOOD DESIGN GOOD DESIGN IS GREEN DESIGN Inhabitat.com is a weblog devoted to the future of design, tracking the innovations in technology, practices and materials that are pushing architecture and home design towards a smarter and more sustainable future. With an interest in design innovations that enhance sustainability, efficiency, and interactivity in the home, Inhabitat’s attention is focused on objects and spaces that are eco-friendly, multi-purpose, modular, and/or interactive. We believe that good design balances substance with style. We are frustrated by the fact that a lot of what we see being touted as “good design” in magazines and at stores is all style and no substance. A lot of contemporary design merely imitates the classic Modernist aesthetic without any of the idealistic social agenda that made Modernism such a groundbreaking movement back in the early 20th Century. The flip side to this is that oftentimes real technological innovations – the ones which will eventually change the way we live our lives – are often not packaged into enough of a stylish aesthetic to move beyond niche circles and crossover into mainstream popular taste. Likewise, we are frustrated at seeing an emerging category called “Green Design” – as if sustainability is somehow separate from good design in general. We believe that all design should be inherently “Green”. Good design is not about color, style or trends – but instead about thoughtfully considering the user, the experience, the social context and the impact of an object on the surrounding environment. No design can be considered good design unless it at least attempts to address some of these concerns. We believe in the original modernist ideology that form and function are intertwined in design. Style and substance are not mutually exclusive, and Inhabitat is here to prove it! Read more:Mission | Inhabitat - Sustainable Design Innovation, Eco Architecture, Green Building
  15. I have heard from a source who works for a tenant at 1425 Boul. Rene-Levesque Ouest that the building was recently sold to Saputo and therefore the property management contact info had changed. I don't know anything beyond this. There were rumours circulating in other threads about Saputo targeting the Standard Life Building which appears to have fallen through... could this have been their Plan B? The building is home to a number of tenants including Quebec govt offices, some international NGOs, and a language school among others... as well as the newly opened Frunchroom restaurant.
  16. http://blogs.montrealgazette.com/2014/03/28/leaving-the-gazette/ Leaving The Gazette March 28, 2014. 6:48 pm • Section: Real Deal I started this blog in 2010 with a story very few of you read about the priciest home for sale in Quebec – that $27 million mega-mansion in Île Bizard. Nearly four years later, I’m writing my final post as The Gazette’s real estate reporter. I am leaving the paper today. Thanks to the many of you over the years who’ve sent me ideas, photos and tips that turned into front page stories. We had a good run. I used this blog to break the story when the famous Schwartz’s Deli went up for sale. Then there was the listing of Brian Mulroney’s Westmount home, zebra print rugs and all. I’ll still be writing occasionally about finance and real estate. Find me on twitter: @RealDealMtl , or send me an email: mtlreporter@yahoo.ca
  17. Where to buy now We tell you exactly which neighbourhoods are set to skyrocket in value. MONTREAL A small slice of Europe on this side of the big pond, Montreal has been dubbed Canada’s sexiest city. With a jam-packed festival season that includes the highly rated Just For Laughs comedy festival and the Festival International de Jazz, along with an array of local boutiques, restaurants and bistros, Montreal offers something for everyone—as long as you can find a job. While the national unemployment rate hovers at around 7%, Montreal’s unemployment rate sits at 8.2%. Still, the city saw a 4% rise in its population from 2011 to 2012 and announcements of inner-city rejuvenation—including the new McGill University Health Centre—are helping bolster property prices. Real estate is still cheap compared with other major Canadian cities—the average price of a home on Montreal Island is $481,386, and if you broaden the boundaries and look at the Greater Montreal Area, including the North and South Shores, the average home price is $324,595. “It’s comparatively cheaper than say Toronto or Vancouver, but we also battle to attract jobs,” explains Jeffrey Baker, a realtor with Royal LePage Dynastie. The best real estate opportunities right now are on the island itself. First on our list is the Rosemont/La Petite Patrie area, known locally as Little Italy. “This area is very, very hot,” says Baker. A big reason is that the neighbourhood is on the northern border of the Le Plateau/Mont-Royal area—a vibrant, popular and expensive place located near downtown. “Rosemont/La Petite Patrie isn’t a Plateau want-to-be,” says Baker. “It has its own distinct character. But many people who start out renting in Plateau end up buying here.” In fact, this is what Matthew Taylor, 50, and his 40-year-old Rosa De Leon did earlier this year. “We bought in mid-December after living and renting for 20 years in Plateau-Mont-Royal,” says Taylor, a CEGEP teacher at Dawson College. While the couple originally wanted to purchase in Plateau, they found they were priced out of the market. “Everything we looked at within our budget was far too small for a family of four,” says Taylor. That’s when the couple started looking at other neighbourhoods, eventually settling on a duplex in La Petite Patrie. “We really love checking out the local restaurants,” says Taylor. They aren’t the only ones. In the last three years, as the neighbourhood has become popular with buyers, prices have zoomed up 23%. “This is a high density area with lots of picturesque homes,” Baker says. In recent years many older textile buildings were converted into lofts, explains Amy Assaad, a Royal LePage Heritage realtor. This provided great first-time buyer opportunities, while helping to gentrify the neighbourhood. If the average property price of $468,000 is a bit daunting, consider our next top neighbourhood of Villeray/Saint Michel/Parc-Extension. Directly to the north, this large area has a population of 142,000 residents. The main draw is the neighbourhood’s affordability. Average property prices are more than $100,000 cheaper than neighbouring communities and the area is experiencing dramatic growth. “Lots of condo conversions are taking place in this community,” Assaad says. David Schneider, a Sutton Group Immobilia realtor and history-buff, explains that historically the neighbourhood has been one of the poorest urban communities in Canada. “Cheap rents meant students have been living here for decades. This, in turn, has made the area cool.” The third neighbourhood in our Montreal ranking was South-West (also known as Sud-Ouest). Homes in this area are 11% cheaper than the average Montreal Island home, but area prices have appreciated 40% in the last three years. “I’ve been buzzing about this neighbourhood for the last five years,” says Schneider. “Property values here are undervalued.” It’s an opinion shared by Nikki Tsantrizos, 29, and her partner, Steve Lavigne, 34. Two years ago, the couple started looking in the St. Henri district of South-West for a place to buy. “We’d rented in the area for 10 years and despite being a rough area, just loved it.” That was two years ago. Now, a full reno later, the value of their home has risen 40%. “When we bought there were strip clubs, hotdog stands and poutine shops,” says Tsantrizos. “Now these have been replaced by trendy cafes and boutiques.” But despite being close to downtown, the canal and the Atwater Market, this area’s reputation has been marred by social housing projects. Even so, recent developments are starting to put the community on the map. For instance, a high-tech hospital—slated to open in 2015—is prompting speculation on future home prices. Two other neighbourhoods to consider are Verdun and LaSalle—both on the southern tip of the island. While Verdun is an older neighbourhood (originally settled by the Irish) it’s got a lot of potential. Despite a three-year appreciation of 22%, families may be leery of the area, given its high crime rate. Still, with its close proximity to the canal, downtown, the Métro (Montreal’s subway system) and Concordia University, it’s only a matter of time before the area experiences true gentrification. Homes in LaSalle are also rising, with an 11% increase in the last year alone. “Though it’s much more suburban than the other four neighbourhoods—and not as well-served by transit—it provides a less dense community that’s very family-oriented,” Schneider says. It’s also a place known for having some of the best shopping in the city. http://www.moneysense.ca/property/buy/where-to-buy-now-2
  18. Paru sur le Twitter de The Economist: 3 villes canadiennes dans le top mondial. Vous savez lesquelles. https://twitter.com/EconAmericas/status/424529716633407488
  19. Ça s'est vu avec les autos et la locations d'appartement sur les sites de petites annonces, mais les fraudeurs s'essayent avec la vente de maisons et de condos maintenant. Ils vont jusqu'à monter de faux cabinets d'avocats pour inciter les acheteurs éventuels à leur laisser de grosses sommes d'argent... via CBC Fake real estate ads prey on buyer desire for home deal Police say fraudulent websites targeting potential renters more common than scams to sell homes CBC News Posted: Dec 02, 2013 5:00 AM ET Last Updated: Dec 02, 2013 9:50 AM ET An Ottawa woman says she was shocked to learn the condo she was selling online was also being offered on another website at a deeply discounted price, part of a complicated scam targeting unsuspecting homebuyers. Julie Gutteridge is selling her upscale downtown Ottawa condo for about $260,000, and placed ads with real estate website Grapevine and online classified advertiser Kijiji. She then noticed a nearly identical ad — with the same digital photos she had used on her advertisement — on another real estate website. The one difference: the price. The clone ad listed the condo for $108,000. "I was shocked... because I first heard of it, then I got an email from just a person that had noticed the two listings," said Gutteridge. "They actually used the same description that was on Grapevine. Not only the pictures of my unit, but the same description, address, everything but the unit number ... and of course the contact information," she said. Police investigators have seen a number of fraudulent websites targeting potential home renters, particularly people coming from far-away cities. But for someone to attempt to sell a home that he or she doesn't own is rare and particularly involved. Buyer pressured to close sale quickly "This is fairly elaborate, going to the point of setting up false law firm websites," said Sgt. Mike Noonan with Ottawa police's organized fraud section. "They are duplicating the ad, but drastically reducing the asking price, and that's what seems to jump out at legitimate homebuyers. They see, 'Wow, look at the price of that home and it looks good,'" said Noonan. The key to the confidence game is a reliance on both the desire of a homebuyer to get a good deal, and pressure from the supposed seller to close the deal quickly, says Noonan. CBC Ottawa's Simon Gardner learned this first-hand when he called the number on a duplicate advertisement for a different home — in Orleans, and listed in a duplicate ad for $129,000, or less than half the actual price. Gardner identified himself as "Andrew Gardner" and created a plausible back story after CBC News determined a journalist would be unable to understand how the seller's operation worked if he called and represented himself as such. The man who picked up the phone identified himself as Paul — a name CBC News assumed was fake — and said he couldn't meet Gardner in person because he was in Toronto with clients. He claimed he was selling the home at a discounted price because he was under financial stress and needed money fast, but offered assurances that the home had not been a grow-op. "Actually we do need some money urgently and there is no lien on the house, the house is paid for and it's going really quick. I have a couple of other interested buyers," Paul said. He said in order to close the deal, Gardner would have to deposit $12,000 in a bank account. The man then said his lawyer would contact Gardner with details about the transaction. The man also provided a link to the website of a Toronto law firm specializing in real estate. Law firm not recognized by law society Checks with the Law Society of Ontario reveal the firm doesn't exist, and the phone numbers listed on the website are not active. But nevertheless, Gardner was sent official-looking purchase documents asking him to wire his deposit into a Royal Bank account in Brampton, Ont. The account does exist, but it is unclear whether the account holder is involved or is an unwitting victim in a confidence scam. Noonan said tracking the suspected scammer is difficult, particularly if operating outside Canada. "The internet service providers, we don't seem to be able to track down. Our suspicion is that it's not even originating from within Canada and with a money wire service. Once that money leaves the country, it can be retrieved anywhere in the world," he said. Gardner made repeated efforts to meet with Paul, as well as his lawyer, to try to close the transaction in person, but was met with a series of excuses. After weeks of back-and-forth emails, text messages and phone calls, Gardner identified himself as a reporter and said he was investigating a potential real estate scam. 'How do you sell a house you don't own?' "What scam is that, I don't get you," Paul replied. "Well, let me ask you," said Gardner. "How do you sell a house you don't own?" At that point, the phone went dead, and Gardner received a text a short time later. "Nice try Andrew (Simon) you are a good scam baiter," the text read. "Pls lets drop everything. I am leaving this stupid job. I got forced into this lifestyle." It's not known if anyone has fallen for this kind of fraud, but Gutteridge feels it may already have hurt her chances of selling her place. "They may assume what I have on Grapevine is a scam or [may] not be comfortable moving forward with anything," she said. Noonan said homebuyers should be wary of suspiciously low price homes when the supposed seller never has time to meet. As for home sellers, he said the best you can do is keep an eye on real estate websites to ensure your ad hasn't been duplicated.
  20. http://www.businessweek.com/articles/2013-03-14/micro-apartments-in-the-big-city-a-trend-builds Always happy to see quotes from professors at my alma mater, especially when it comes to real estate issues! Micro-Apartments in the Big City: A Trend Builds By Venessa Wong March 14, 2013 6:00 PM EDT Imagine waking in a 15-by-15-foot apartment that still manages to have everything you need. The bed collapses into the wall, and a breakfast table extends down from the back of the bed once it’s tucked away. Instead of closets, look overhead to nooks suspended from the ceiling. Company coming? Get out the stools that stack like nesting dolls in an ottoman. Micro-apartments, in some cases smaller than college dorm rooms, are cropping up in North American cities as urban planners experiment with new types of housing to accommodate growing numbers of single professionals, students, and the elderly. Single-person households made up 26.7 percent of the U.S. total in 2010, vs. 17.6 percent in 1970, according to Census Bureau data. In cities, the proportion is often higher: In New York, it’s about 33 percent. And these boîtes aren’t just for singles. The idea is to be more efficient and eventually to offer cheaper rents. To foster innovation, several municipalities are waiving zoning regulations to allow construction of smaller dwellings at select sites. In November, San Francisco reduced minimum requirements for a pilot project to 220 square feet, from 290, for a two-person efficiency unit. In Boston, where most homes are at least 450 sq. ft., the city has approved 300 new units as small as 375 sq. ft. With the blessing of local authorities, a developer in Vancouver in 2011 converted a single-room occupancy hotel into 30 “micro-lofts” under 300 sq. ft. Seattle and Chicago have also green-lighted micro-apartments. “In the foreseeable future, this trend will continue,” says Avi Friedman, a professor and director of the Affordable Homes Research Group at McGill University’s School of Architecture. A growing number of people are opting to live alone or not to have children, he says. Among this group, many choose cities over suburbs to reduce reliance on cars and cut commute times. “Many people recognize that there is a great deal of value to living in the city,” he says. Friedman calls the new fashion for micro-digs the “Europeanization” of North America. In the U.K. the average home is only 915 square feet. In the U.S. the average new single-family home is 2,480 square feet. The National Association of Home Builders expects that to shrink to 2,152 square feet by 2015. Small living has deep roots in Japan, where land is scarce. “It’s just the way things have always been done,” says Azby Brown, an architect and author of The Very Small Home: Japanese Ideas for Living Well in Limited Space. Three hundred square feet may sound tight, but consider that Japanese families historically lived in row houses outfitted with 100-square-foot living quarters and large communal areas. After World War II, Japan’s homes grew, though not much by American standards. By the late 1980s the average Japanese home measured 900 square feet. Tight quarters demand ingenuity and compromise. Think of the Japanese futon or the under-the-counter refrigerator, a feature of European apartments. The Murphy bed gets a sleek makeover in a mock-up of a micro-apartment on exhibit at the Museum of the City of New York. The 325-square-foot space, designed by New York architect Amie Gross, also features a table on wheels that can be tucked under a kitchen counter and a flat-screen TV that slides along a rail attached to built-in shelves. Visual tricks such as high ceilings and varied floor materials make the space feel roomier. The show, titled “Making Room: New Models for Housing New Yorkers,” displays some of the entries from a design competition sponsored by New York’s Department of Housing Preservation and Development. The winning team, comprising Monadnock Development, Actors Fund Housing Development, and nArchitects, secured permission to erect a 10-story building in Manhattan made of prefabricated steel modules. Some of the 55 units will be as small as 250 square feet. “The hope is that with more supply, that should help with the affordability of these kinds of apartments so that the young or the elderly can afford to live closer to the center and not have to commute so far in,” says Mimi Hoang, a co-founder of nArchitects. Although tiny, these properties aren’t cheap, at least not on a per-square-foot basis. In San Francisco, where two projects are under way, rents will range from $1,200 to $1,500 per month. In New York, the 20-odd units for low- and middle-income renters will start at $939. Ted Smith, an architect in San Diego, says singles would be better served by residences that group efficiency studios into suites with communal areas for cooking, dining, and recreation. “The market does not want little motel rooms to live in,” he says. “There needs to be cool, hip buildings that everyone loves and goes, ‘Man, these little units are wonderful,’ not ‘I guess I can put up with this.’ ” BusinessWeek - Home ©2013 Bloomberg L.P. ALL RIGHTS RESERVED
  21. Urban shift is reshaping Montreal Montreal will be a much greyer city 20 years from now, and the aging of our populace will influence everything from home design to urban architecture to public transportation. It will also be a more multi-coloured city, measured in terms of skin tone, and multi-linguistic, too, as new legions of immigrants flow in, altering its face, flavour and sound. It will be more condensed, with condominiums overtaking expensive single-family homes as the lodging of choice for first-time homebuyers. And it will be a poorer city mired in a heavily indebted province, forcing it to focus on necessities like rebuilding roads and paring down bureaucracies and services rather than investing in grand designs like megaprojects or metro extensions. Economic imperatives will force Montreal to focus on what it’s good at to survive — namely, being itself. The city will endure by hosting festivals and conferences, promoting its flourishing arts scene, throwing successful, peaceful street parties for hundreds of thousands at a time and inviting the world to come. It will market itself as a vibrant, fun, creative place to live, and a coveted vacation destination for legions of retired baby boomers with time on their hands and savings to burn. This in turn will lead the city to become more accommodating to pedestrians and cyclists, with stretches of thoroughfares like Crescent and Ste. Catherine Sts. becoming pedestrian-only enclaves. This is the Montreal 2033 vision of McGill University architecture professor and housing expert Avi Friedman. Author of 12 books on housing and sustainable development, he is called on by cities throughout the world to consult on urban development and wealth generation. He sees in Montreal’s future a metropolis that will be poorer, still paying for past transgressions of inept infrastructure design and inadequate maintenance. But at the same time, it will be buoyed by its four major universities and its cachet as one of the cool hangouts in the vast North American neighbourhood, a magnet for tourist dollars, immigrants and creative minds. “Montreal is a brand. We’re not talking about Hamilton or Markham or Windsor. Montreal is a brand. But we need to learn how to use our brand better,” he said. Statistics Canada released figures in the fall that indicated Montreal was becoming a city of singles. Nearly 41 per cent of its residents who reside in a private dwelling live on their own, as compared to 30 per cent in most large Canadian cities. Our aging population, large number of university students, exodus of families to the suburbs, low immigration numbers and high percentage of apartments are largely the cause. The numbers spurred Friedman to ponder where the city he’s lived in for more than three decades will be in 2033. Major urban shifts, he notes, generally take about 20 years to evolve. “I wasn’t looking for pie-in-the-sky ideas, not Jetsons-type futuristic predictions, just reasonable assumptions based on trends we are already seeing today.” The greatest influence will come from the aging of the huge demographic wave that is the baby boomer generation, which will be between 70 and 87 years old in 20 years. Most will no longer be working, or paying as much in taxes. “Montreal, like other eastern cities, is going to be a poorer city than it is today, which is likely to force greater efficiency of all operations and institutions,” Friedman said. “We will have to learn to do more with less.” As families shrink (the average family size has gone from 3.5 individuals in 1970 to 2.5 in 2006), and house prices rise, demand for smaller living units will increase. The era of the single-family house as a starter home within the city limits will be a thing of the past for most, as it has been in many European cities for a long time, Friedman said. First-time buyers, many of them young families, will move into the many condominium projects sprouting downtown. Older boomers will shift from their suburban homes to condominiums. The ratio of family homes to condominiums, now at a roughly 60-40 split, will probably reverse during the next two decades, he predicted. Already densely populated neighbourhoods like Notre Dame de Grâce will see residents and developers building upward, putting additional floors on houses or commercial buildings to add residential space. (In congested Vancouver, developers have already started stacking condominium complexes on top of big-box stores like Walmart and Home Depot.) Homeowners will transform their basements into separate apartments, and the division of single-family homes into separate units to take in two or more families will proliferate. Houses will be transformed as more people opt to work out of home offices, or as retirees alter their living spaces to pursue their hobbies or their work. And seniors will make room for live-in nannies and nurses to help care for them. There will also be more grab-bars, ramps and in-house escalators. Technological advances will allow many routine hospital procedures to be done at home via computer. Patients will be able to check their blood pressure and other health indicators at home and send the information to their caregivers over the Internet, all the while chatting with nurses or doctors face-to-face via Skype. “Aging in place will be on the upswing,” Friedman said. “There will be less and less reason for hospital visits.” The new superhospitals going up downtown and in N.D.G. will also spur residential development as thousands of hospital workers seek housing nearby. Condominiums have started sprouting already near the hospitals, and close to the métro stations and train stations that serve them. Private medical clinics, for locals and foreigners alike, will be built around and even in hospitals, as the cash-strapped government off-loads more services to the private sector for wealthier clients not willing, for example, to wait three years for a hip replacement. The condominium boom, well underway in Montreal and reaching the saturation point, will continue, although at a slower pace. Montreal is on the verge of a condo crash, Friedman predicted, part of the normal ebb and flow of residential construction that regenerates every five years. “You will hear about bankruptcies, about people going under, all sorts of bad stories. This is common. Then there will be a burst of energy and another wave.” Condominium developers will start incorporating more family-friendly features like larger units, terrace gardens and parks on their properties. Condo towers with shops and restaurants on the ground floor will become more common, as will the SOHO concept (Self-Office, Home Office) common in China, where residences are located on upper floors and small offices on lower floors, and people commute by elevator. Many boomers, liberated from their children and their jobs, will give up their suburban homes to live closer to services and entertainment and downtown. Their influx will spur elderly-friendly changes seen in other cities, such as automatic doors at unwieldy metro entrances. Métro stations will become poles of residential development, followed closely by commercial properties to serve the influx of people. Suburbs like the West Island will see more low-level condominiums of four to six storeys, and available land between municipalities will be slowly colonized, making for one continuous metropolis. The densification, with housing projects like those in Griffintown bringing tens of thousands of residents into the downtown core, will result in an even more active and vibrant city, with offshoots of more shops, restaurants, services and life downtown. Neighbourhoods like St-Henri, Rosemont and Park Extension, relatively close to downtown and well-served by public transit, will be the next regions to see a slow gentrification, Friedman predicted. In a sense, we will mirror Toronto’s growth, but on a smaller scale and with a Montreal twist. “In 20 years, downtown Montreal will be populated by many more people who will bring their flavour, their lifestyle and their unique Montreal brand, with things like after-hours clubs, which is not Toronto,” Friedman said. “This is a fun city, with restaurants and pubs and clubs. I believe it will be a fun place.” Friedman sees Montreal’s four major universities and an increase in immigration quotas to make up for low birthrates as other major drivers of change, with immigrants coming from burgeoning regions like Asia and Latin America and settling in the north and east of the city. Already, roughly 10 per cent of the students in Friedman’s bachelor’s-level architecture classes are from mainland China. Montreal needs to do more to attract the droves of computer engineers from places like China, India and Pakistan who currently see California as their first choice. And tourism, with the many jobs it brings, will be Montreal’s bread and butter. At this phase in its history, Friedman sees Montreal as a city bogged down by the sins of its past, fixated on corruption and mismanagement and with no sense of a grand vision coming from city hall. Things will get more difficult from an economic standpoint, and “poorer cities do nothing. If you have wealth, you can change things,” he said, pointing to bike and public-transit friendly European cities like Copenhagen, Helsinki, Amsterdam and Berlin as examples. There is hope for Montreal’s future, Friedman said. It is articulated in the plethora of condominium towers and cranes on its skyline, in Montreal’s reputation for its joie-de-vivre attitude, open-mindedness and its artistic energy, a magnet for the young, adventurous and creative. But the hope is tempered with this caveat: the successful cities that Friedman has observed, are those whose citizens are willing to enforce change, as opposed to hoping city councillors will do it for them. “Do-it-yourself cities are the successful cities. We have to ask ourselves ‘Are we a forwards city, or a backwards one?’ ” Developments already underway provide an indication of the answer. “The densification of the core we’re seeing here will bring life,” he said, gazing up at the condominium towers growing like mighty redwoods of metal and glass in Griffintown. “This city will be a hopping place.” Read more: http://www.montrealgazette.com/Urban+shift+reshaping+Montreal/8071854/story.html#ixzz2NF8glXu5
  22. By Jay Bryan, Special to Gazette February 15, 2013 8:04 PM Read more: http://www.montrealgazette.com/homes/Bryan+housing+numbers+point+soft+landing/7973381/story.html#ixzz2L1fXbpfN MONTREAL — For more than a year, there have been two competing narratives about the future path of Canada’s high-flying housing market: total collapse and moderate decline. The moderates, if we can call them that, still seem to me to have the better argument, especially when you consider the unexpectedly upbeat housing resale figures last month. Friday’s report from the Canadian Real Estate Association demonstrates that national home sales continue to be significantly lower than those of a year ago, but that virtually all of this decline happened abruptly last August, reflecting a tough squeeze on mortgage-lending conditions in July by Finance Minister Jim Flaherty. Since then, however, there’s been no further month-to-month downtrend, notes CREA chief economist Gregory Klump. Prices, which don’t necessarily track sales right away, have also weakened, but less. While sales are down five per cent from one year ago, average national prices are actually up by three per cent, as measured by the CREA Home Price Index. However, this year-over-year price gain has slid gradually from the 4.5 per cent recorded in July. What’s the bottom line? In my opinion, it’s that the catastrophist scenario detailed not just by eccentric bloggers but also in national newspapers and magazines, looks increasingly unlikely. That’s not to say this outcome is utterly impossible. At least one highly regarded consulting firm, Capital Economics, has been predicting for two years that this country faces a 25-per-cent plunge in average home prices. This is the kind of drop — almost comparable to the 30-per-cent-plus crash in the U.S. — that would probably trigger a bad recession, especially in today’s environment of subdued economic growth. David Madani, the economist responsible for this frightening prediction, understands the housing numbers very well, but he simply doesn’t share most other analysts’ relative equanimity about what they mean. Yes, Canada’s banks are financially stronger and more prudent in their lending than their U.S. counterparts, he acknowledges, and yes, there’s little evidence of the fraud and regulatory irresponsibility that worsened the U.S. catastrophe, but he sees the psychology of overoptimistic buyers as uncomfortably similar. What looks like enormous overbuilding of condos in the hot Toronto market help to make his point, as does the still-stratospheric price of Vancouver housing. Madani certainly has a point, but the countervailing evidence seems even stronger. A key example is the behaviour of Canada’s housing market over the past six months. The latest squeeze on mortgage lending, the fourth in five years, is also the toughest, points out economist Robert Kavcic of BMO Capital Markets. It drove up the cost of carrying a typical loan by nearly one percentage point, or about $150 a month on a $300,000 mortgage. And as this shock was hitting the housing market, Canada’s employment growth was slowing. In a market held aloft by speculative psychology, it seems very likely that such a hammer blow would bring about the very crash that pessimists have been predicting. Instead, though, the market reacted pretty much as it had during previous rounds of Flaherty’s campaign to rein in the housing market, notes Derek Burleton, deputy chief economist at the TD Bank. Sales dropped moderately, but the decline didn’t feed on itself as it would in an environment of collapsing speculative hopes. Instead, the market proved to be rather resilient, with sales plateauing and then actually rising a bit in January. Burleton, along with Kavcic and Robert Hogue, an economist at the Royal Bank who follows housing, believe that we’ve already seen most of the market downside that will result from Flaherty’s move. Jay Bryan: New housing numbers point to soft landing This doesn’t mean that the market is out of the woods. It’s still overvalued, not hugely, but by something like 10 per cent, Burleton estimates. But moderate overvaluation can persist for years unless the market is hit by some shock to incomes or interest rates. While there’s no agreement on the path prices take from here, some of these analysts think they’ll drift down slowly, maybe three to eight per cent over a few years. At the same time, rising take-home pay will be shrinking the amount of overvaluation, creating a more sustainable market. Let’s hope they’re right. bryancolumn@gmail.com © Copyright © The Montreal Gazette Read more: http://www.montrealgazette.com/homes/Bryan+housing+numbers+point+soft+landing/7973381/story.html#ixzz2L1ew0d8Y
  23. http://edition.cnn.com/CNNI/Programs/cnngo/?iref=allsearch CNNGo Wednesday 8 August at 1030 BST / 1130 CET and 1730 BST / 1830 CET Saturday 11 August at 0530 BST / 0630 CET and 1930 BST / 2030 CET Sunday 12 August at 1230 BST / 1330 CET Duration: 30 minutes CNNGo visits Montreal in August This month 'CNNGo' sets its sights on Montreal, exploring the contemporary art scene around 'The Mile End' with local artist Gene Pendon. With summer in full swing, the programme takes viewers to the vibrant and bustling Jean Talon market, and samples the local produce. Talented singer and former child prodigy Nikki Yanofsky welcomes CNN to the internationally renowned Montreal Jazz Festival. And in this high flying city – that many street performers, acrobats and entertainers call home – cameras are there for the opening night of a thrilling new show from 'Les 7 Doigts de la Main.' All that, plus a stroll through the trendy Plateau district, as well as a bike ride over one of North America's most significant waterways.
  24. 10. Port Richey, Florida: $59,900 9. Holiday, Florida: $59,900 8. Youngstown, Ohio: $57,550 7. Dearborn Heights, Michigan: $55,000 6. Whiting, New Jersey: $52,450 5. Warren, Michigan: $49,900 4. Redford, Michigan: $40,000 3. Gary, Indiana: $39,900 2. Flint, Michigan: $31,950 1. Detroit, Michigan: $21,000 Cities Where Homes Cost Less Than a Car July 20, 2012 by 247wallst Source: Flickr - Marshall Astor For many Americans, homeownership is the epitome of living the American dream. Yet, in towns with high tumbling home prices and double-digit vacancy rates, median-priced homes now cost the equivalent of new American cars — except, as investments go, they’re slightly more risky. Read: Cities Where Homes Cost Less Than a Car Call it the dark side of the American dream – but if you can only afford to buy just one, which would you choose? In hard-hit cities, why own a home when you can rent one without the risk of foreclosure if your job falls through? Or, for about the same money, you can sport new wheels, facing only the risk of repossession — a lesser credit report complication than a foreclosure. While a car is unlikely to increase in value, its depreciation is both more manageable and predictable than a home. “Buying a home in most places is risky,” says Jed Kolko, chief economist and head of analytics at real estate site Trulia. These high risks in towns such as Detroit, Michigan or Youngstown, Ohio have helped depress housing prices. And until the labor market improves there’s no real chance of a strong recovery in housing. “Towns with a history of job losses probably won’t see big price gains, especially if they have high vacancy rates, because it means buyers have a lot of homes to choose from,” says Kolko. This quandary is especially meaningful to residents of Motor City, who have experienced deepening levels of housing hell in recent years. Much has been written about Detroit’s high misery index, and the challenges of thriving in a city with high unemployment, high crime rates, and city services under severe budgetary constraints. And yet, for those willing to take a long view of the city, Detroit also offers amazing bargains to residents dedicated to living in that community. Despite its problems, even in Detroit, it’s not unusual for multiple buyers to vie for an appealing home in a nice neighborhood. The city has one of the highest rental vacancy rates in America and boasts a four-month supply of homes on the market, according to a recent report in the Detroit Free Press. A buyer’s market is typically six or more months’ supply. Many residents of depressed cities in Michigan, Florida, Indiana and Ohio have been slammed by job losses and tumbling housing prices, too, and recovery is coming slowly if at all. Yet, on the positive side, these towns also offer a low cost of living by American standards that make for attractive buy-side opportunities for those willing to take a long view of homeownership. 24/7 Wall St. asked Trulia, a leading provider of real estate listings and market data, to identify and rank cities by the median prices of homes sold last year. Trulia limited the list to markets with an adequate supply of non-foreclosure, single-family homes, which ruled out markets that may have unusual spikes in median sales prices. To provide further context of how economic data can impact local housing market conditions we also gathered median-income data as well as Q1 2012 vacancy rates from the U.S. Census Bureau, unemployment numbers from the U.S. Bureau of Labor Statistics, and June 2012 foreclosure figures from RealtyTrac. With home prices at 30-year lows and mortgages available at record low rates, some residents in troubled cities will be tempted to take the plunge and buy a home. Yet, amid this fledgling recovery there’s still the allure of plunking down a small deposit and buying a car that can take you to a city that offers a healthier housing market and stronger long-term job prospects. These are the cities where homes cost less than a car. 10. Port Richey, Fla. >Median listing price: $59,900 >Comparably priced car: Cadillac CTS-V ($71,000) >Housing price change (year over year): -0.1% >Median household income: $31,016 >Unemployment rate: 8.6% Port Richey was clearly devastated by foreclosures, job losses and builders who overestimated demand for new homes. That’s evident in its whopping 24.7% vacant housing rate, which is more than twice the national average. Housing prices in the area have fallen 48% from their peak, according to Federal Housing Finance Agency (FHFA) data. Also Read: The Fastest Growing Cities in America 9. Holiday, Fla. >Median listing price: $59,900 >Comparably priced car: Tesla Model S ($69,900 with 85 kwh battery) >Housing price change (year over year): -0.1% >Median household income: $37,240 >Unemployment: 8.6% Holiday’s 22.2% vacant housing rate, nearly twice the national average, is a hole so big that it will take years for housing demand to match supply. The 8.6% unemployment rate, though unexceptional for America, may further stunt a local recovery. Like neighboring Port Richey, housing prices have also plummeted 48% from their peak, according to the FHFA. 8. Youngstown, Ohio >Median listing price: $57,550 >Comparably priced car: Chevy Suburban ($68,900) >Housing price change (year over year): n/a >Median household income: $25,002 >Unemployment: 7.4% Just as the age of a tree is revealed by rings in its trunk, the age of a town’s housing stock, coupled by new construction rates, speaks volumes about the sturdiness of a city. In the U.S., only 14.4% of homes were built before 1940; in Youngstown, it’s more than 40%. New home construction is at a standstill. Nearly 19% of homes stand vacant, which places further downward pressure on a local recovery. 7. Dearborn Heights, Mich. >Median listing price: $55,000 >Comparably priced car: Cadillac Escalade ($64,800) >Housing price change (year over year): 5.2% >Median household income: $48,905 >Unemployment: 9.9% The city of Dearborn Heights is home to many workers in the auto industry, so it is far from immune to housing and other economic issues plaguing many Michigan cities. Home prices in the city have fallen by a fairly drastic 55.2% since their peak, according to FHFA data. Yet Dearborn Heights would appear to have a little more upside than some of its neighboring cities if only because Ford is preserving it, and because the number of residents earning more than $100,000 annually remains in line with national averages, unlike any of the other cities on this list. 6. Whiting, N.J. >Median listing price: $52,450 >Comparably priced car: Chevy Corvette Grand Sport ($64,650) >Housing price change (year over year): n/a >Median household income: $37,397 >Unemployment: 11.9% Whiting, an unincorporated area in Ocean County, is home to many retirement communities. The aging of the Baby Boomer population may help lead Whiting out of its funk. Unemployment isn’t especially high. In fact, unlike many other towns on this list, the vacant housing unit rate of 7.8% is below the national average of 11.8%. 5. Warren, Mich. > Median listing price: $49,900 >Comparably priced car: Lincoln Navigator ($59,900) >Housing price change (year over year): 6.5% >Median household income: $46,247 >Unemployment: 9.9% Chief among several promising housing trends for Warren is a surprisingly low homeowner vacancy rate, which suggests that the town has seen fewer foreclosures than many other cities in Michigan. Still, sales prices have dropped 35% over the past five years in Warren, says Trulia, which suggests that quite a few homeowners are underwater and perhaps holding onto their properties until things turn around. Also Read: Countries Where People Work Least 4. Redford, Mich. > Median listing price: $40,000 >Comparably priced car: Ford F-450 ($55,000) >Housing price change (year over year): 5.2% >Median household income: $52,573 >Unemployment: 9.9% Redford is not a large city, but it suffers from problems such as 1-in-159 homes in foreclosure, the worst rate among cities on this list. It also has aging homes, most of which were built just after World War II and may be expensive to maintain. Like Warren, prices have dropped by 38.5% from their peak according to FHFA data. On the bright side, at $52,573 the average annual income in Redford is higher than in many of its neighboring cities on this list. 3. Gary, Ind. > Median listing price: $39,900 >Comparably priced car: Ford Expedition ($39,900) >Housing price change (year over year): – 7.5% >Median household income: $27,367 >Unemployment: 8.5% In Gary, as in most other troubled housing markets, employment or rather the lack of opportunities holds the key to its housing recovery. The current high unemployment rate is not a blip unfortunately — Gary has 3% fewer jobs than it did a decade ago, according to Trulia. Much of the local population lives at some of the nation’s lowest income levels as 46.5% earn under $25,000 annually according to Census economic data. Such data suggest that local businesses may have trouble leading the city of recession. 2. Flint, Mich. > Median listing price: $31,950 >Comparably priced car: Chrysler 300 ($31,950) >Housing price change (year over year): n/a >Median household income: $28,835 >Unemployment: 8.9% According to Trulia’s Kolko, both Flint and Detroit experienced significant housing-price declines, not because of overbuilding as in Florida but because of “long-term job decline coupled with declining populations.” Worse, Flint suffers from a significant amount of poverty with about 44% of the population earning under $25,000 a year according to Census economic data. Also Read: The Most Dangerous Cities in America 1. Detroit, Mich. >Median listing price: $21,000 >Comparably priced car: Chevy Malibu ($21,000) >Housing price change (year over year): 5.2% >Median household income: $29,447 >Unemployment: 9.9% Detroit’s leaders are committed to reducing spending and creating a more livable and prosperous city for families and businesses of all sizes. The local automotive economy is improving, especially as Chrysler stages a comeback from its near-death experience. Some may interpret a year-over-year housing price increase as a positive sign for Detroit’s future. But unkind economists might call it a dead-cat bounce. Unemployment is not merely high, population is decreasing, and in 2010, one-in-five homes were vacant. Long term, that’s a lot of downward pressure on housing prices. Rusty Weston http://247wallst.com/2012/07/20/cities-where-homes-cost-less-than-a-car/3/
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