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Robust Start to 2019 on Montreal's Residential Real Estate Market

L’Île-des-Sœurs, February6, 2019 – The Quebec ProfessionalAssociation of Real Estate Brokers (QPAREB) has just released its most recentresidential real estate market statistics for the Montreal Census MetropolitanArea (CMA), based on the real estate brokers’ Centris provincial database.

 

In total, 2,976 residential sales were concluded inJanuary 2019, a 15 per cent increase compared to January of last year. This wasthe 47th consecutive increase in sales.

 

Sales by geographicarea

 

·     All six main areasof the Montreal CMA registered an increase in sales in January.

·     Laval,Vaudreuil-Soulanges, the North Shore and the South Shore stood out withrespective sales increases of 30 per cent, 23 per cent, 22 per cent and 17 percent.

·     Sales also increasedon the Island of Montreal (+6 per cent) and in Saint-Jean-sur-Richelieu (+2 percent).

 

Sales by propertycategory

 

·     Across the MontrealCMA, single-family home and condominium transactions both increased by 17 percent to reach 1,674 sales and 1,053 sales, respectively. Plexsales fell by 3 per cent, with 247 transactions.


Prices

 

·        The median price ofsingle-family homes and condominiums across the CMA continued to climb inJanuary, reaching $316,000 (+3 per cent) and $248,271 (+2 per cent),respectively.

·        The median price ofplexes registered a solid increase of 4 per cent compared to January 2018 toreach $515,000.

 

Number of propertiesfor sale

 

InJanuary, there were 20,873 active residential listings in the Montreal CMA, a16 per cent drop compared to one year earlier.


About the QuebecProfessional Association of Real Estate Brokers

 

TheQuebec Professional Association of Real Estate Brokers is a non-profitassociation that brings together more than 12,500 real estate brokers andagencies. It is responsible for promoting and defending their interests whiletaking into account the issues facing the profession and the variousprofessional and regional realities of its members. The Association is also animportant advocate for the implementation of measures that promotehomeownership. It provides training, tools and services relating to real estateand facilitates the collection, dissemination and exchange of real estateinformation. The Association is headquartered in Quebec City and has itsadministrative offices in Montreal. It has two subsidiaries: Centris Inc. andthe Collège de l’immobilier du Québec.

 

About Centris

 

Centris.cais Québec’s real estate industry website for consumers, grouping all propertiesfor sale by a real estate broker under the same address. Société Centrisprovides real estate industry stakeholders with access to real estate data anda wide range of technology tools. Centris also manages the collaboration systemused by more than 13,000 real estate brokers in Québec.

 

 

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ForJanuary 2019 statistics charts, click here.


Formore information:

Taïssa Hrycay

Director

Communications and Public Relations

Quebec Professional Association of Real Estate Brokers

1-888-762-2440 or 514-762-2440, ext. 157

taissa.hrycay@qpareb.ca


Nathalie Rochette

Assistant Director

Communications and Public Relations

Quebec Professional Association of Real Estate Brokers

1-888-762-2440 or 514-762-2440, ext. 238

nathalie.rochette@qpareb.ca