12 May Montreal Housing Stats May 2019

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, + 8 per cent to reach $540,000

-Condominiums grew by + 6 per cent to reach $260,000.

-Single-family homes gained + 4 per cent to reach a median price of $330,000.

The Stat Charts Via The QPAREB

The Picture Across The Rest of Canada

According to Crea

“Sales activity fell 4.6% y-o-y to the weakest level for the month since 2013. It was also almost 12% below the 10-year average for March. That said, in British Columbia, Alberta and Saskatchewan, sales were more than 20% below their 10-year average for the month. By contrast, activity is running well above-average in Quebec and New Brunswick.”

“The number of newly listed homes rose 2.1% in March. New supply rose in about two-thirds of all local markets, led by Winnipeg, Regina, Victoria and elsewhere on Vancouver Island. By contrast, new listings declined in the GTA, Ottawa and Halifax-Dartmouth.”

“Actual (not seasonally adjusted) national average price for homes sold in March 2019 was $481,745, down 1.8% from the same month in 2018.”

Check out his article by the Huffington Post:

Another ‘Disappointing’ Month As Canadian Home Sales, Prices Fizzle

OTTAWA – Home sales in March fell to their lowest level for the month since 2013, the Canadian Real Estate Association said Monday. The association said sales through the Multiple Listing Service fell 4.6 per cent compared with a year ago, while the average sale price also moved lower.