Montreal Real Estate

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 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...

Elimination of Transfer Taxes For First Time Home Buyers Elimination of transfer taxes for first time home buyers was put on the table during the election campaign by the Parti Quebec.  According to the QFREB, (Quebec Federation of Real Estate Boards), the homeownership rate in Quebec (61 per cent) remains considerably lower than the Canadian average (68 per cent), says the association. The Government of Quebec, in 2018, took a first step in this direction by granting a $750 non-refundable tax credit for the purchase of a first home. “There is no question that real estate transfer taxes (known as the welcome tax) are an impediment to...

WorldGBC Project To Advance To Net Zero WorldGBC Project To Advance To Net Zero is a project by the World Green Building Council which aims to promote and support the acceleration of net zero carbon buildings to 100% by 2050. Since buildings account for over half of all emissions, they are a logical target for energy remediation. "The Net Zero Carbon Buildings Commitment (the Commitment) challenges companies, cities, states and regions to reach Net Zero operating emissions in their portfolios by 2030, and to advocate for all buildings to be Net Zero in operation by 2050. By setting ambitious ‘absolute’ targets, the Commitment aims...