Last month, just as the month before that, there was another record breaking sales for the condo market. The new video of the GMREB explains the numbers as well as the so called "Real Estate Bubble" that people are talking about. Michel Beauséjour, the CEO of the GMREB, clarifies the rumors about another real estate bubble by defining what the bubble means. " (A bubble) Is supported by … [Read more...]
Montreal MLS Barometer: 1st Quarter 2009
June 30, 2009 By 1 Comment
The complete report on Montreal Market for the fist quarter 2009 is now available for download. This new report, now called the "Montreal Barometer", has a detailed description of each section of Montreal, with 38 pages of up to date information on prices, sales, and average days on the market. If you want to be informed on your neighbourhoods market analysis, this is a good document to have. … [Read more...]
Despite a Drop in Sales, Prices Continue to Climb
February 16, 2009 By 1 Comment
It's déjà-vu all over again. With the market updates being so identically close to the ones from November and December, January's market news are no news at all. Still, let's give the breakdown, to keep the tradition. Here we go: Compared to January 2008, last month we had an increase of 12% of properties listed in the market. New listings decreased by 14% Overall actual sales … [Read more...]
Montreal Real Estate Prices Up, Sales Down
December 17, 2008 By 3 Comments
Last month’s MLS® residential sales in the Montréal Metropolitan Area decreased by 31 per cent compared to November 2007. A 6% decrease in year-to-date sales compared to the same period last year, according to the Greater Montréal Real Estate Board (GMREB). While sales have decreased, single-family home median prices are up by 6% year-to-date. “Montréal’s real estate market has done … [Read more...]
Financial Post reports: Value of new homes goes up
August 12, 2008 By Leave a Comment
At last, the housing market starts to look a lot better. This article was published by the Financial Post, some of the interesting parts as follow: The value of new homes in Canada barely grew in June, with many regions posting annual declines once adjusted for inflation, new figures show. But despite forecasts for more soft readings ahead, economists say Canadians are not expected to experience … [Read more...]
Montréal Resale Market Trends
July 10, 2008 By 4 Comments
According to the MLS® system data, the resale market in the Montréal Metropolitan Area is bucking the trend in comparison with other large Canadian cities, says the Greater Montréal Real Estate Board’s (GMREB). In June 2008, residential transactions were on the rise by 2%, which brings the decrease of sales since the beginning of the year to only 3%. “Unlike the general trend elsewhere … [Read more...]
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