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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...]
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...]
You might remember last week's RE/MAX 2010 Market Forecast, where we briefly quoted some of the report's outlook for the Canadian Market. Today we've outlined the Greater Montreal market forecast, taken from the same report. So far the news are excellent and there is a lot to expect from the new year. The following text is one big quote. I've highlighted the most important areas for a quick & … [Read more...]
Chief Executive Officer of the GMREB, Michel Beauséjour introduces November 2009 sales statistics versus Nov. 2008 and 2007. As he explains, they have compared last months sales with two years( 2007 and 2008), instead of just one because of the recession last year there was a drop of sales by 31% (remember the awful sales report from November last year?). Obviously, last year we were on the red, … [Read more...]
The Montreal MLS Barometer is here. A complete 38 page document with detail information on the markets from all the sectors and neighbourhoods of Montreal. To view the complete document click here … [Read more...]
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