Third quarter montreal market stats 2017

Third Quarter Montreal Market Stats 2017

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 – 14% overall. That of single family homes -18% and condos -9%
  • For single family homes this was the lowest number of houses for sale in ten years

Conclusion: This is clearly a sellers market for single family homes and plexes in most of the Montreal CMA. The condo market is more balanced. The large increase in sales and lowering of inventory is seeing the market tighten.

For the full report, download it here:

Bonnie Meisels
[email protected]
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