Montreal Real Estate Market

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,...

Montreal Real Estate Trends August And September 2017 Montreal real estate trends August and September 2017 - The numbers are looking good! Download the latest Montreal real estate trends for August and September 2017, via the QFREB, RBC, BMO, Quebec Stats [gview file="http://realestatemontreal.net/wp-content/uploads/2017/09/statscentris_aout2017_en.pdf"] [gview file="http://realestatemontreal.net/wp-content/uploads/2017/09/monthly-economic-monitor.pdf"] The Latest Economic Stats for Quebec BMO Economic Forcast September 8th 2017 [gview file="http://realestatemontreal.net/wp-content/uploads/2017/09/BMO-Economic-Market-Forcast-September-8-2017.pdf"] RBC Provincial Trends September 2017 [gview file="http://realestatemontreal.net/wp-content/uploads/2017/09/RBC-Provincial-Trends.pdf"] RBC Canadian City Trends [gview file="http://realestatemontreal.net/wp-content/uploads/2017/09/RBC-Canadian-citytrend.pdf"] On the Quebec Economy; "Last month, Standard & Poor’s announced that it was raising Quebec’s credit rating from A-plus, to AA-minus, the highest rating the province has enjoyed since 1993, and again, better than Ontario’s." https://nationalpost.com/news/canada/from-the-doghouse-to-a-powerhouse-quebecs-economy-has-rebounded  ...

Condo Sales Drove An 8-per-cent Increase In Residential Sales Condo sales drove an 8-per-cent increase in residential sales and Montreal remains a relative bargain even though the average real estate price increased 4.1 per cent to $374,333 in August! Montreal's real estate market proved to be red hot in August with record sales and rising prices.  Condo sales surged 19% and single family homes, 4%.  While the island of Montreal posted a 12% increase in sales, Toronto's sales of detached, semi-detached, condos and townhouses fell between 25.7 and 41.6 per cent in August. The The average sales price in the Greater Toronto Area...

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