Montreal Real Estate Market

Info via Centris Montreal Real Estate Performance March 2018 Montreal real estate performance March 2018 according to Centris, showed the 37th consecutive increase in sales and the best month of March in eight years.  Sales on the Island of Montréal were up +7 per cent from March 2016.  While sales of single-family homes remained unchanged, condominiums stole the spotlight with a strong sales increase of 19 per cent. Mathieu Cousineau, President of the GMREB Board of Directors said "The condominium resale market is booming in the Montréal area." Prices of single-family homes across the Montréal CMA were up 5% from March of last year.  More than half...

Montreal Real Estate Market Update as of April 2018 Montreal Real Estate Market Update as of April 2018 begins with RBC's recent housing report. The headline of the report says it all. "The payback continues: home sales fell again in February following regulatory change on Jan 1". According to this report and the latest statistics, it appears as if the new mortgage tightening rules have been extremely effective. February sales across some of the major provinces in Canada show a significant decline in sales. The only exception is Montreal, which posted a 7.7% increase. Read the full report or download it here.   [gview...

Canada's New Mortgage Rules Canada's new mortgage rules and what they mean for you! With the advent of Canada's hot housing markets, the Canadian and provincial governments introduced new stop gap measures to cool down the market. Provincially, both Vancouver and Ontario implemented the 15% foreign buyers tax. At the Federal level, as of January 1st 2018, the Office of the Superintendent of Financial Institutions (Canada’s banking regulator) introduced three new rules on mortgage lending. First of the three new rules, is the new "stress test". All prospective home buyers, even those with a down payment of over 20%  will now have to...

The Latest Montreal Real Estate Sales February 2018 The latest Montreal real estate sales February 2018 shows a 5 per cent increase compared to February of last year and the best month of February since 2012. Five of the six main areas of the Montréal CMA registered an increase in sales.  The Island of Montréal posted significant increases of +5 per cent. Condominiums sales increased by 14 per cent in February, single family home sales +1% and plexes +3%. The median single-family home prices across the Montréal CMA was $310,000 in February, up 6 per cent compared to February 2017. The price of condominiums grew by 5%...

Montreal Housing Prices Montreal housing prices show that certain areas in Montreal really stood out for their strong sales increases or price growth in 2017.  Here are some interesting stats via the QFREB / Centris Chart 1 The ten neighborhoods with the lowest amount of inventory (measured in months) for single family homes in 2017   Market conditions – single-family homes Rank Cities, municipalities or boroughs Number of months of inventory 1 City of Pointe-Claire (Montréal) 2.6 2 City of Kirkland (Montréal) 2.8 3 City of Beaconsfield (Montréal) 2.9 4 Neighbourhood of Côte-des-Neiges–Notre-Dame-de-Grâce (Montréal) 3.0 5 City of Montréal-Ouest (Montréal) 3.2 6 City of Dollard-des-Ormeaux (Montréal) 3.2 7 Area of Greenfield Park (Montérégie) 3.3 8 Neighbourhood of Île-des-Sœurs (Montréal) 3.5 9 City of Dorval (Montréal) 3.6 10 Rosemont–La Petite-Patrie (Montréal) 3.8  Chart 2 The ten neighborhoods with the lowest amount...

Feature photo by ©Bonnie Meisels   Montreal Real Estate In 2018 What You Need To Know   Montreal real estate in 2018 what you need to know, takes an indepth look at the current Montreal real estate market. We'll address common questions such as "is it better to invest in a home or a condo? which type of investment has the highest potential for appreciation? or which Montreal neighborhoods are performing best in 2018.   Current Market Performance   First we'll have a look at the current market stats. In 2017, Montreal was one of the hottest real estate markets in Canada. Total sales in Greater Montreal increased...

The Latest Montreal Real Estate Market Stats 2018 The latest Montreal real estate market stats 2018 reveal an accelerated and tight market. Inventories are lower and prices are higher. But, at the end of the day, the value is incredible. In what other large metropolitan Canadian city can you buy a nice condo, in a super location for between 350k - 450k? Sales have been increasing month over month and don't show signs of abating in 2018. It's a great time to invest in our market despite the rise in prices as they're still a bargain compared to Toronto or Vancouver. According to...

Montreal Real Estate Stats December 2017 Montreal Real Estate Stats December 2017 - The latest Montreal real estate sales statistics via Centris: The quick market update - key takeaway points via Centris. Four of the six* main areas of the Montréal CMA registered an increase in sales in December 2017 as compared to December 2016. Laval, the Island of Montréal and the South Shore set the tone with strong sales increases of 20, 15 and 15 per cent, respectively. Condominium sales were extremely robust in December, jumping by 35 per cent. In fact, the 978 condo transactions registered last month represent a new December sales...

Feature photo by Alexey Shikov Third Quarter Montreal Market Stats 2017 Third Quarter Montreal Market Stats 2017 according to the Barometer report produced by the QFREB: Sales were up +9% and the highest number of third quarter sales sinces 2009 Condominiums sales set a record registering the largest sales increase of +18% Sales of single family homes were up +5% and plexes +8% Sales growth across the Island of Montreal was up +12% Across the CMA prices for single family homes increased by +5% and +2% for condominiums on the Island of Mtl The supply of listings in general fell  by -...

Feature photo by Alberto Castillo Montreal Home Sales Hit Eight Year High In September Montreal home sales hit eight year high in September with four of the area’s five metropolitan areas sustained growth, led by a 17-per-cent jump in sales in Laval. The Greater Montreal Real Estate Board (GMREB) says 2,893 residential sales were completed last month, a six-per-cent increase from a year ago.  Sales on the island of Montreal, which accounted for 43 per cent of all area sales, were up five per cent.  Condominiums continued to drive sales volume, rising 11 per cent while sales times were down. According to Mathieu Cousineau,...

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