Sit tight, the quarterly market reports will begin to pop-up everywhere!
With the end of the first trimester, we will have a surplus of information available from different sources.
I’ve included here the chart for condo and bungalow information nationwide. Montreal is highlighted in green. Click on the image to view the original size.
The first report is from Royal LePage. And it goes:
Canadian Real Estate Market Relatively Resilient During First Quarter
“Consistent with current economic trends, Canadian residential real estate prices declined during the first quarter, according to a quarterly House Price Survey released today by Royal LePage Real Estate Services Ltd. As the market correction unfolds, year-over-year home prices were lower, as was expected. Increased buyer activity at the end of March suggests that spring will bring its typical increase in unit sales activity as buyers target summer moves.”
In Montreal and Ottawa, detached bungalows are in the plus:
“Moderate growth occurred for detached bungalows in Montreal (up 2 per cent) and Ottawa (up 1.9 per cent), while Toronto saw a decline of 6.3 per cent compared to the same period in 2008. Prices in the prairies and in western cities declined with the average price for a detached bungalow down 8.1 per cent in Saskatoon and 11.2 per cent in Edmonton”
You can find the complete article and market repoert here
Posted by: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889 
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