12 Oct Montreal Real Estate Numbers September 2018
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 for the month of September.
“In Vancouver, year-over-year sales dropped from February through August. A 20 per cent foreign buyers’ tax, a heightened education tax on $3-million-plus properties and a proposed speculation tax have all put the brakes on home-buying, said Brad Henderson, chief executive of Sotheby’s International Realty Canada.”
Read the full Centris report below:
The median price of single-family homes hit $336,000, up seven per cent year over year. The Montreal real estate market is on a roll. Residential sales rose eight per cent in September compared to the same month last year, with condominiums making up the bulk of the increase, according to the Greater Montreal Real Estate Board.
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