Westmount, Quebec, March sixth 2021
Each month, the Quebec Skilled Affiliation of Actual Property Brokers (QPAREB) releases a residential actual property market report that includes the latest statistics for the Montreal Census Metropolitain Space (CMA).
Whereas this week, the February 2021 report was launched, statistics promise that the spectacular progress in Montreal’s actual property market is much from slowing down.
Because the stock of obtainable properties is not sufficient to satisfy the rising demand, we’re seeing for the primary time since 2015 a drop within the variety of gross sales. This lower, of three% to be exact, is especially brought on by the numerous lower within the variety of properties on the market sa effectively as the rise within the median value of single-family properties.
In reality, over the previous 12 months, the median value of single-family properties has jumped 28%, a rise of 100 000$. This vital enhance particularly, prompted a reorientation of sure consumers in the direction of the condominiums and earnings properties markets.
Whereas the affect of the pandemic on the true property market can nonetheless be felt, these indicators point out that the present pattern will proceed within the coming months, even the following yr.
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