Author: Bonnie Meisels

Montreal Market Report May 2019 Montreal Monthly Market Report May 2019 and some of the highlights via JLR "Property sales in Quebec have increased in May 2019 compared to the same month the previous year for single-family homes: +14%, condominiums: +17%, properties with 2 to 5-unit: +13%. From June 2017 to Mat 2018, the median prices have surpassed those registered the previous year by 2% for single-family homes and 3% for condominiums. Bad debts on residential properties continue to go down in the Province of Quebec with a 20% decrease in repossessions, and a 6% decrease in prior notice compared to...

Montreal Housing Stats May 2019 So how's our Montreal real estate market holding up against the rest of Canada which has mostly been performing poorly. According to Centris and the QPAREB, these are the latest numbers for this past April. -April sales in the Montreal CMA were increased for a 50th consecutive month. -Sales increased  by 11 per cent compared to April of last year. -The Island of Montreal posted (+6 per cent) gains. -Condominium sales rose by 17 per cent, plex sales by 12 per cent and single-family homes by 6 per cent. -Plexes (2 to 5 dwellings) registered the largest increase in price, +...

The Latest Market Update March 2019 The latest market update for March 2019 across Canada continues to show a steady decrease in sales across most major markets in Canada, except for Quebec. A Look At Montreal Sales March 2019 According to Centris: Residential sales increased in March 2019, a modest 1 per cent compared to March of last year. This was the 49th consecutive monthly increase in sales. The Island of Montreal posted a 6 per cent drop in sales, while sales in Laval fell by 1 per cent. But one must take into account a 15 per cent drop in inventory compared to one...

Montreal Real Estate Market Update March 2019 Some of the highlights from the QPREB Report of the Montreal real estate market as of March 2019 February 2019, was an 8 per cent increase compared to February of last year. This was the 48th consecutive increase in residential sales Sales on the Island of Montreal fell slightly by 1 per cent. Across the Montreal CMA, the number of transactions rose by 4 per cent for single-family homes (2,436 sales), by 14 per cent for condominiums (1,588 sales) and by 7 per cent for plexes (339 sales). The median price of single-family homes across the...

2018 Finishes Strong in Montreal's Real Estate Market According to December's Centris report, across the Montréal CMA, the number of single-family home transactions rose by 3 per cent (1,491 sales) while condominium transactions grew by 2 per cent (993 sales). In contrast, plex transactions fell by 1 per cent (336 sales). The median price of single-family homes and plexes increased significantly across the Montréal CMA in December, reaching $327,450 (+7 per cent) and $525,000 (+8 per cent) The median price of condominiums rose by 3 per cent, reaching $272,863. In December, there were 18,970 active residential listings in the real estate brokers' Centris system,...

Montreal Real Estate News November 2018 Some key highlights in and around Montreal real estate, as of November 2018 show that October home sales in Montreal up 11 per cent compared with 2017   While luxury home sales drop 35% in Toronto and Vancouver; high-end condo sales up,  Montreal was the only Canadian city to see it's housing price index rise in October. According to the Montreal  CMHC report,  the Montreal housing market is stable. Market conditions for all housing types — including condos — are now favourable to sellers, according to the CMHC. This was especially true for the sales category of single family...

Montreal Housing Market Boom Through 2020 It's time for Montreal to shine! The Canadian Mortgage and Housing Corporation (CMHC) Fall Report was just released with good news for this city. According to their most recent forecast released Wednesday, the market here is far from peaking. Projected lower inventories of single family homes, and a continued strong job forcast, will keep real estate prices on an upward trajectory. Although condo construction is booming with the launching of many new projects becoming available, certain hot sectors of the city like the downtown core are in high demand. "Data from Altus Group shows, a record-setting 3,000 new...

Montreal Real Estate Predictions For 2019 Montreal real estate predictions for 2019 show that we're increasingly in a digital world, amidst a rapidly changing landscape. Technology has been transforming many industries and real estate will be no exception. “The intersection of real estate and technology is a major trend in real estate.” "Fast-paced technological and social change will transform how people live and work, and the real estate sector will face rising pressure to respond with new ideas by accelerating digital transformation, being more innovative with deal strategy and rethinking how it addresses affordability. Those that embrace creativity may find themselves in a...

Montreal Real Estate Numbers September 2018 So what are the most recent Montreal Real Estate Numbers September 2018? Residential sales rose eight per cent in September compared to the same month last year. Across the Montreal CMA, the category of condominium sales increased 23%, the most amongst other real estate categories. The number of single family home sales remained unchanged since this time last year. The median price point across all categories steadily increased since last year.  Inventory numbers continued to remain low with an overall percentage drop of 17% compared to a year ago.  The 3,220 home sales represent a nine-year high...