Montreal real estate market Tag

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...

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...

Montreal Real Estate Stories September 2018 The short of it is that Montreal held it's own in August. Despite lower inventories, sales of condominiums increased by 12% compared to this time last year while sales of single family homes rose 5%. The largest increase in sales was in the plexes categories. Read the Centris Report below to view all the numbers. As for the full picture across some of the major markets across Canada, the National Bank Housing Index gives us a snapshot of Toronto, Vancouver, Ottawa and other cities in Canada. Ten of the eleven metropolitan areas recorded increases in the...

Bidding Wars In Montreal Fact or Fiction Bidding Wars In Montreal Fact or Fiction According to the QFREB, Montreal CMA is currently the only province that's in firm seller's market territory. Sales transactions are up while inventories are down, giving sellers somewhat of an upperhand in negotiations. The chart of where sales are happening over asking by region. Chart Source via: QFREB How much or what percentage did buyers pay over asking: Sales price percentage over asking by region, chart source via: QFREB "For single-family homes, several municipalities in the West Island stood out , such as Pointe-Claire (31 per cent), Kirkland (26 per cent), Beaconsfield...

Montreal Real Estate Prices Montreal real estate prices vary across the many different neighborhoods in the Greater Montreal area. The sales data and market place can vary as greatly as an areas style of architecture. Within Montreal, there exists many micro neighborhoods and markets.  Although our general market reports cover the overall sales in the GMA, the devil is always in the details. Housing styles and prices are unique to each region and cannot be compared. For example, single family homes in the urban Le Plateau are entirely different and not comparable to the suburban town of Hampstead. Condos in Old...

Info via Centris Montreal Real Estate Performance March 2018 Montreal real estate performance March 2018 according to Centris, showed the 37th consecutive increase in sales and the best month of March in eight years.  Sales on the Island of Montréal were up +7 per cent from March 2016.  While sales of single-family homes remained unchanged, condominiums stole the spotlight with a strong sales increase of 19 per cent. Mathieu Cousineau, President of the GMREB Board of Directors said "The condominium resale market is booming in the Montréal area." Prices of single-family homes across the Montréal CMA were up 5% from March of last year.  More than half...

Canada's New Mortgage Rules Canada's new mortgage rules and what they mean for you! With the advent of Canada's hot housing markets, the Canadian and provincial governments introduced new stop gap measures to cool down the market. Provincially, both Vancouver and Ontario implemented the 15% foreign buyers tax. At the Federal level, as of January 1st 2018, the Office of the Superintendent of Financial Institutions (Canada’s banking regulator) introduced three new rules on mortgage lending. First of the three new rules, is the new "stress test". All prospective home buyers, even those with a down payment of over 20%  will now have to...

The Latest Montreal Real Estate Sales February 2018 The latest Montreal real estate sales February 2018 shows a 5 per cent increase compared to February of last year and the best month of February since 2012. Five of the six main areas of the Montréal CMA registered an increase in sales.  The Island of Montréal posted significant increases of +5 per cent. Condominiums sales increased by 14 per cent in February, single family home sales +1% and plexes +3%. The median single-family home prices across the Montréal CMA was $310,000 in February, up 6 per cent compared to February 2017. The price of condominiums grew by 5%...

Feature photo by ©Bonnie Meisels Montreal Real Estate In 2018 What You Need To Know   Montreal real estate in 2018 what you need to know, takes an indepth look at the current Montreal real estate market. We'll address common questions such as "is it better to invest in a home or a condo? which type of investment has the highest potential for appreciation? or which Montreal neighborhoods are performing best in 2018.   Current Market Performance   First we'll have a look at the current market stats. In 2017, Montreal was one of the hottest real estate markets in Canada. Total sales in Greater Montreal increased...

Feature photo by Alexey Shikov Third Quarter Montreal Market Stats 2017 Third Quarter Montreal Market Stats 2017 according to the Barometer report produced by the QFREB: Sales were up +9% and the highest number of third quarter sales sinces 2009 Condominiums sales set a record registering the largest sales increase of +18% Sales of single family homes were up +5% and plexes +8% Sales growth across the Island of Montreal was up +12% Across the CMA prices for single family homes increased by +5% and +2% for condominiums on the Island of Mtl The supply of listings in general fell  by -...

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