October 28, 2008 – Joan Mcguigan Pepin of McGuigan pepin Inc., has been recognized by her industry peers for her dedicated client service, honesty, integrity and outstanding market knowledge.

«Joan is a tremendous example of a Most Referred real estate professional. Joan has consistently demonstrated the hallmarks of a trusted REALTOR – integrity, market knowledge and superior customer service» says James Secord, President of Most Referred.

«We are proud to present this award to Joan McGuigan Pepin for being recognized as one of the Top 3 «Most Referred Real Estate Agents» in Westmount, Qc, and welcome her to our network, » he added.

Most Referred Real Estate Agents is an independent network of the most trusted, reputable and professional real estate agents in North Americe.

As part of its efforts to address the current financial crisis, the federal government announced that it will inject $75 billion of new money¹ into the financial system, by buying insured mortgage pools from Canadian financial institutions.
The purpose of this measure is to add liquidity to financial institutions – money they can then lend to businesses and consumers. The main effect of such an initiative is to increase the availability of credit while, at the same time, making the cost of credit more affordable. As a result of this plan, financial institutions' mortgage interest rates should drop, which is likely to stimulate activity on the resale market.
This announcement is good news for our financial system and for the economy in general. Ultimately, it is borrowers who will benefit from this initiative, particularly future home buyers.
This federal government intervention was made necessary by the fact that the financial crisis has led to a significant reduction in the amount of credit made available by the private sector and, as a result, higher costs. In this context, banks' financing costs increase, which translates into higher prime rates and mortgage rates.
The purchase will be made through the Canada Mortgage and Housing Corporation (CMHC) and will focus exclusively on mortgages that are already insured under its mortgage loan insurance program.
For additional information, consult the news release and backgrounder issued by the Department of Finance by clicking here.

 1: Minister of Finance, Jim Flaherty, made an initial announcement of $25 billion last October 10, and announced an additional $50 billion on November 12.

By virtue of its mandate, the Commission de la santé et de la sécurité du travail (CSST) is responsible for applying the laws and regulations in respect of occupational health and safety, including the First-aid Minimum Standards Regulation.

The course requires the class to practice rescue techniques on each other. Not wanting to go it alone, I persuaded Marianne to join me. Both of us spent two entire days learning how to save lives. The experience was both exhausting and exhilarating. We are now certified first aiders and qualified to help save lives.

The role of the first aider is to take the crucial steps of alerting Emergency Medical Services (EMS), maintaining the life of the injured person, preventing his/her injuries from worsening, and providing comfort and reassurance. So, dealing with McGuiganPepin, you are in good hands…with a smile…talk about full service!

General information:
  
Description:  A McGill and Montreal tradition since 1971. Run by the Women Associates of McGill and the McGill Women's Alumnae Association, the Fair has raised over $1,000,000 since its inception towards scholarships for McGill students.

 Prices are the best in the city, starting at 25 cents for some books. Payment by cash or cheque with two pieces of photo ID. 

Details:  A NOTE ABOUT BOOK DONATIONS: Book donations of all kinds accepted at the terrace entrance to Redpath Hall (via main campus entrance) every Tuesday between 11am and 2 pm until September 25. 

Date/Time:  Wednesday, October 22, 2008 9:00 AM to 9:00 PM 
Location(s):  Redpath Hall, 861 Sherbrooke Street West
                   Montreal, Quebec
                   CANADA

On Oct. 11-14, nearly 200 luxury property experts met in Philadelphia for the 13th Annual Luxury Real Estate Fall Conference at the Ritz-Carlton Philadelphia. Brian and I, exclusive Board of Regents members for Westmount, Montreal and surrounding area, were able to renew old friendships and make new ones. We shared time, experience and knowledge with the top Realtors of the world – from Europe, Australia, Mexico, the Caribbean and the United States.  In addition to the full day discussions of successful strategies and reports on current market conditions, more than a dozen LuxuryRealEstate.com members were honored with awards during a 'black tie' banquet on the final evening of the event. It was an inspiring experience to be with such a prestigious group of professionals. We are really looking forward to the winter conference next January in Paris.

For those of you who don't know about About LuxuryRealEstate.com

www.LuxuryRealEstate.com  is the most-viewed luxury real estate Web site in the world. The Who's Who in Luxury Real Estate network includes 1,912 of the world's finest real-estate companies with properties in 98 countries. Participation is strictly invitation-only by CEO/Publisher John Brian Losh. In Ultimate Homes' 2008 issue, the network represented more than twice the number of top 1,000 most-expensive properties in the country than any other network. The Who's Who in Luxury Real Estate network is governed by the Board of Regents. Please send us your comments.

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Newsletter

  EXHIBITION OCTOBER 8TH-26TH, 2008

vernissage:

 Wednesday October 8th  6-9 pm

THE MAA, 2070 PEEL

MONTREAL   514-845-2233

Exhibition and presale in progress

SUSANPEPLER.COM

514-933-0776

Real Estate Still a Solid Investment in Montréal
"Greater Montreal's slow and steady increase reassures buyers and sellers that the residential real estate market continues to be a good investment," said Michel Beausejour, FCA, GMREB's Chief Executive Officer. Property prices continued to rise in August 2008, as the median price of a single-family home rose by 4% compared to August 2007. Michel Beauséjour, Chief Executive Officer of the GMREB, explains that this slow and steady increase in prices reassures buyers and sellers that real estate continues to be a good investment in Montréal, as he presents the MLS® statistics for the month of August 2008.

Click here to try out one of Joan's special recipes ideally suited for the great summer tomato harvest.

The right of undivided co-owners to exclude a potential buyer
Source : ACAIQ

March 2007 • A real estate broker or agent entrusted with the sale of a co-owner’s share in an undivided co-ownership property must know that the other co-owners have the right to exclude a potential buyer.

In this regard, it is important first to take a look at the indivision agreement that governs the relationship between co-owners. These agreements often require that a co-owner offer his share to the other co-owners before offering it to a third party, or provide for the other co-owners to be able to match the third party’s offer for this share, following the terms of the agreement. A seller who decides to ignore these terms exposes himself to legal action and potential liability for damages.

Even if the indivision agreement contains no provisions to this effect, the agent must inform any potential buyer that the Civil Code of Québec provides a means for co-owners to exclude a third party who has purchased a share of the immovable. The Civil Code gives the co-owners the right to buy back the share sold to a third party by reimbursing him for the price and the expenses paid. A co-owner has 60 days following the time when he learns that the share of another co-owner has been sold to exercise this right. However, this “right of redemption” must be exercised within one year from the acquisition of the share by a third party (1).

Whether resulting from the indivision agreement or the Civil Code of Québec, it is important that the seller and any potential buyer be informed of the rights of the other co-owners and their impact on the transaction under consideration. In order to minimize the risks, it is recommended that a waiver of this right be obtained from the other co-owners as soon as the brokerage contract is taken up. This waiver should be drawn up by a lawyer. If it is not known whether such a waiver exists, it is suggested to make any promise to purchase conditional to the seller providing copy thereof to the buyer.