12 Jun Montreal Montreal Market Report May 2019

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 the 12 previous months.
• The median price of single-family homes sold in the Ottawa-Gatineau (part of Quebec) CMA has grown by 3% over the last 12 months compared to the previous 12 and has reached $261,000.”
• $323,900 Median price of condominium sold on the Montreal Island over the last 12 months,
  a 4% increase
• 15% drop in inventory from this time last year in the Montreal CMA area
• The supply of condominiums and single family homes fell by 24% and 12% respectively

• Images Via JLR

Montreal monthly market report May 2019 – stats and trends for single family homes, condominiums, and plexes

Interested in how well a particular neighborhood is doing? Would you like to have the most recent sales stats? Don’t hestitate to get in touch, I’d love to hear from you!

Click here to access the full JLR report for May 2019