A fresh dose of the local market. Three times a week.
We had had quite a busy summer this year. Although earlier on it was said that 2011 would not be as busy as last year's summer in terms of sale, it turned out to be a little better than expected. June had 5% more sales than the year before and last month's sales were not lagging behind either. According to the Montreal Real Estate Board, 13% more sales were done this year in July compared … [Read more...]
MLS® Residential Statistics for the Montréal Metropolitan Area “There were 4,186 MLS® sales transactions in the Montréal Metropolitan Area in May 2011, a 4 per cent decrease compared to May 2010, according to the Greater Montréal Real Estate Board (GMREB). Despite this slight decrease in real estate activity, condominium sales actually increased by 4 per cent in May. ” While sales … [Read more...]
Properties in the Montréal Metropolitan Area were selling faster in August 2010 compared to the same period last year according to the Greater Montréal Real Estate Board's (GMREB) MLS® statistics. In August 2010, single-family homes in the Montreal area sold in an average of 69 days, 10 days faster than in August 2009. Condominiums sold in an average of 79 days, a decrease of 11 days. Plexes … [Read more...]
Catching up with the market updates. August's market report is not out yet, and while we wait for the new numbers, here is a quick review on how the previous months performed: In terms of sales and active listings, the months of June and July were quite similar. Compared to 2009, both months had a decrease in sales. June’s total sales were down by 19%, while July’s decrease was 26%. There … [Read more...]
Overall residential sales in the Montréal Metropolitan Area increased by 46 % in the first quarter of 2010 compared to the same period last year, and by 10% compared to the first quarter of 2008. In the first three months of the year, 3,865 condominiums were sold, up 13% compared to the previous record set in the first quarter of 2008. Sales of single-family homes and plexes increased by 8% … [Read more...]
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...]
December's stats came out early this month. The Greater Montreal Real Estate Board (GMREB) often gives us monthly numbers and this time, they also have some information on how the year did in general, compared to 2008. We had a slow start last year. The market didn't show serious signs of activity until late spring. Of course, they didn't mention that until now, but we could all feel it. Glad … [Read more...]
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