Montreal Real Estate Market

Bidding Wars In Montreal Fact or Fiction Bidding Wars In Montreal Fact or Fiction According to the QFREB, Montreal CMA is currently the only province that's in firm seller's market territory. Sales transactions are up while inventories are down, giving sellers somewhat of an upperhand in negotiations. The chart of where sales are happening over asking by region. Chart Source via: QFREB How much or what percentage did buyers pay over asking: Sales price percentage over asking by region, chart source via: QFREB "For single-family homes, several municipalities in the West Island stood out , such as Pointe-Claire (31 per cent), Kirkland (26 per cent), Beaconsfield...

Montreal Real Estate Prices Montreal real estate prices vary across the many different neighborhoods in the Greater Montreal area. The sales data and market place can vary as greatly as an areas style of architecture. Within Montreal, there exists many micro neighborhoods and markets.  Although our general market reports cover the overall sales in the GMA, the devil is always in the details. Housing styles and prices are unique to each region and cannot be compared. For example, single family homes in the urban Le Plateau are entirely different and not comparable to the suburban town of Hampstead. Condos in Old...

Montreal Real Estate Sales Up 10% Montreal real estate sales were up 10%.  The most recent statistics record 5,432 residential sales in April 2018, which is 10% higher than April of last year. This is the best April since 2010, and Montreal’s 38th consecutive monthly increase in sales. The South Shore led the way at 15%, followed by 13% in Saint-Jean-sur-Richelieu and 12% in Laval with sales on the Island of Montreal showing an increased of 6%. While both plexes and single family homes enjoyed a sales increase of 6%, it was condominium sales that performed the best in April, with an 18%...

How's The Montreal Real Estate Market First Quarter 2018 How's the Montreal real estate market first quarter 2018, shows residential sales were up seven percent in Montreal compared to 2017. Inventory was down sixteen per cent and prices were up five per cent for homes and three percent for condos.  Among the different types of properties, condominium sales took the lead registering a jump of seventeen percent creating a new first quarter sales record. Sales of single family homes increased by two percent, and plexes by five percent. In Montreal, the median family home price was $310k and condominiums $245k. Of course...

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...

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