La Capitale Real Estate Network Obtains the Contract to Sell CMHC Residential Mortgage Foreclosures

One more reason to buy your next house with La Capitale!

La Capitale Real Estate Network renewed its contract with the CMHC to sell Canada Mortgage and Housing Corporation residential foreclosures for all regions of Quebec.

The contract is for three years with two one-year renewal options and will take effect on December 1, 2010.
Nicolas Ayotte, the Network’s President and CEO enthusiastically commented: “Given the number of mortgage foreclosures in the last few years, there has been stiff competition between the various agency networks and certain independent agencies. La Capitale Real Estate Network completed all steps in the process; its score on the evaluation table and the overall price were determining factors.
Obviously the fact that we have real estate agencies in every corner of Quebec played in our favour, as did the sales performance of our brokers and the visibility of our agencies in their respective markets.”

Catalin Ivan-Quebec Real Estate Broker