Montreal Market Data

©Featured image copyright Bonnie Meisels   Economic Outlook For 2024   The economic outlook for 2024 as we look ahead to 2024, we have to consider the economic outlook on a global scale, as well as within specific regions such as Canada and the Quebec province. Three key factors that will play a significant role in shaping the economic landscape are interest rates, consumer confidence, and real estate. Interest rates have a direct impact on borrowing costs and investment decisions. As we move into 2024, it will be crucial to monitor whether central banks opt for tighter or looser monetary policies. The trajectory of interest...

Image® Bonnie Meisels all rights reserved Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024 According to CREA, the Canadian Real Estate Association, the average home price to end the year lower by 4.8% but to rise again in 2024.   “As the spring market heats up and it looks as though some buyers are coming off the sidelines, it's important to remember that the intense market conditions of recent years have not gone anywhere, they've just been on pause,” said Jill Oudil, CREA's chair, in a press release."   Canadians are re-entering a market that's seen months of...

The Latest Montreal Real Estate Market Update 2023   The Latest Montreal Real Estate Market Update 2023 - the latest stats for February 2023 for the Montreal GMA     [pdf-embedder url="https://www.realestatemontreal.net/wp-content/uploads/2023/03/stats-202302-en.pdf"]   Main summary and takeaways via Centris: The Montreal CMA continued to post record declines in sales in February, but no longer differs from the rest of the Province in this regard. The accumulation of unsold properties on the market caused active listings and selling times to jump, but levels remain well below historical averages. Median prices are down from the same period last year, but up from January 2023.   "“Despite an all-time low number of...

  photo by ®Bonnie Meisels Montreal Market Forcast 2023: Trends, Statistics And Potential Opportunities     The Montreal market forcast for 2023 will depend on mostly two things, the state of interest rates and inventory. It feels like it was only a few months ago that I was writing the Montreal market forcast for 2022, I honestly don't know where this year has gone as it feels as if time flew by so fast, especially the last six months! As we all know inflation, evidenced by the price of gas, food, and continuos rising interest rates, continue to put a huge strain on people. The question...

Best Performing Sectors Of The Real Estate Market    The best performing sectors of the real estate market reveal a strong and growing industrial property market. Revenue property is also maintaining high demand. Sales across the residential sector have slowed with the advent of increasing interest rate hikes. More inventory is coming on the market but we'll have to keep an eye on how things continue to unfold. Commercial real estate has to adjust to changes in a post covid world.  Check out the PWC report on commercial trends. https://www.pwc.com/ca/en/industries/real-estate/emerging-trends-in-real-estate-2021/commercial-property-outlook.html   Read the PWC report   "In the office today, at home tomorrow: The impact of a hybrid...

WHAT'S HAPPENING ON THE LOCAL MONTREAL REAL ESTATE FRONT Since I'm back in Montreal, it seems like we're getting some of that rain that other parts of the world are most desparate for. Temperatures have ranged from 22 to 28 degrees celcius with most mornings being on the cool side. It's hard to believe that the end of summer is upon us, it's so short lived that time feels fleeting. While I was away, the Bank of Canada in July, enacted another huge interest rate hike of 1%. Of course the rising of rates is going to effect the amount of buyers...

Where Do We Go From Here - A Market Snapshot   Where Do We Go From Here - A Market Snapshot takes stock of where we find ourselves mid year of 2022. With the steady rise of interest rates and possibly more on the horizon, we are starting to glimpse the repercussions. Price inflation on everything from gas to food, combined with hampered supply chains due to Covid, have created a self escalating effect. The question remains as to whether efforts by the central banks to tame inflation, will eventually go too far, causing the economy into deep contraction and/or recession. Housing...

On Kindness And The Real Estate Outlook in 2022   On kindness. I honestly find it hard to believe that we’re already in January of a new year. 2021 felt like it lasted 6 months rather than 12, or maybe that’s because so much of our time in the first half of the year was spent in curfew, lockdown and the zoom form of human contact. The one silver lining in my case, is my husband and I got to spend more quality face time with 2 of our kids who spent more time at home. Gary Vaynerchuk has been recently espousing the...

The Best Food In Montreal And November Real Estate Performance The best food in Montreal and November real estate performance has the list for Montreal's best eateries in 2021!  Enjoy discovering the winners. https://montreal.eater.com/2021/12/8/22821720/2021-eater-awards-winners-montreal-best-new-restaurants Montreal is one of the best cities as far as food goes! This city enjoys a global reputation for it's awesome and diverse cuisine. Enjoy this awesome documentary Anthony Bourdain: Parts Unknown | Quebec & Canada | S01 E04 | Reel Truth Documentaries https://www.youtube.com/watch?v=8OpXNS5G7fo On another note, here are the highlights on November's market data via Centris: "Demand is Still Strong in the Montreal CMA Despite Lack of Choice and High Prices" “In the...

What does the Canadian Housing Market Look Like in 2022?   What does the Canadian Housing Market Look Like in 2022?  Here are the market highlights and data via CREA (The Canadian Real Estate Association):   HIGHLIGHTS National home sales rose 8.6% on a month-over-month basis in October. Actual (not seasonally adjusted) monthly activity was down 11.5% on a year-over-year basis. The number of newly listed properties climbed by 3.2% from September to October. The MLS® Home Price Index (MLS® HPI) rose 2.7% month-over-month and was up 23.4% year-over-year. The actual (not seasonally adjusted) national average sale price posted an 18.2% year-over-year gain in...

Questions vs Possible Solutions for a Greener Planet & the Latest Market News Questions vs Possible Solutions for a Greener Planet & Latest Market News is about trying to actively find answers to some big problems. I don't know about you, but I'm so tired of people bringing up and/or discussing all the environmental problems the planet faces right now, without at least suggesting some possible solutions. At a recent conference I attended I learned about a new initiative in Barcelona that plans to provide free solar panels to it's population. This is part of a public - private partnership. " Barcelona...