The residential real estate activity from 12 developed countries were analyzed and compared from the first quarter of 2010 to the same period this year. And despite the comments on: “High property prices, the tightening of mortgage insurance rules and the increase in mortgage rates limited demand, particularly among first-time buyers.” - ( and blah blah blah...) Canada ranked pretty darned … [Read more...]
Condo Sales Increase: Not Only in The Metropolis
July 6, 2011 By 4 Comments
Interesting information in one of the FCIQ articles called: "Condominiums: No Longer Restricted to Large Urban Centres" It mentions that over the past 10 years (from 2000 to 2010), the condo market in Quebec has rapidly increased with sales that grew by 124% compared to that of single family homes which only went up to 41%. So more condos were sold than family homes. You'd think that condos were … [Read more...]
Montreal Market Report: Condo Sales Pick Up in May
June 16, 2011 By 1 Comment
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...]
Re/Max Fall Market Report: Strong Sellers Market in Montreal
October 6, 2010 By 4 Comments
Good news for the Montreal Market. Despite all the hype on the housing bubble and slowing of sales across the country, we have just got a couple of articles published by the gazette informing us about the very optimistic Re/Max Falll Market Report, which displays a very healthy market for sellers, an increase of the home average price and a market driven by first-time buyers. Montreal is the … [Read more...]
Montreal Market Update: August 2010 – Properties Selling Faster
September 15, 2010 By 1 Comment
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...]
How’s the market: June & July 2010
September 2, 2010 By 2 Comments
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...]
Condos Stand Out in the First Quarter of 2010
April 24, 2010 By 2 Comments
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...]
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