{"id":3616,"date":"2017-06-04T03:54:45","date_gmt":"2017-06-04T09:54:45","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/?page_id=3616"},"modified":"2021-12-21T17:17:05","modified_gmt":"2021-12-21T17:17:05","slug":"market-updates","status":"publish","type":"page","link":"https:\/\/www.montreal-realestate.ca\/english\/market-updates\/","title":{"rendered":"Market Updates"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”3.22″ global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/12\/Nov-2021-Market-Update.png” title_text=”Nov 2021 Market Update” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.14.4″ max_width=”83%” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.14.4″ custom_padding=”||0px|||” link_option_url_new_window=”on” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

November 2021<\/h1>\n
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In the long run, homes and plexes hold more value than condos. If you look at the year-to-date median price, house prices climbed the highest, whereas condos did not. However, keep in mind the price point. The higher the price, the more room there is for the value to be higher.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/12\/October-2021-Market-Reports.png” title_text=”October 2021 Market Reports” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.14.2″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.14.2″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

October 2021<\/h1>\n
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To me the \u2018canary in a coal mine\u2019 for real estate are the condos. They are always the first to be over built and where we normally see suffer financially first in the market. Meaning if property owners are going to lose out, it will be condos first. These statistics are showing that the condo market is alive and well.<\/p>\n

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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/10\/September-Market-News.png” title_text=”September Market News” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.14.2″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.14.2″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

September 2021<\/h1>\n
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The median price is up $80,000 from last September. Time to sell went from 45 to 32 days and there is about 1400 less listings on the market. If you read just the headlines that sales are down, you might think that the market is starting to balance itself out, however, sales are down due to the fact that there isn\u2019t any product.<\/p>\n

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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/09\/Aug-2021.png” title_text=”Aug 2021″ show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.10.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.10.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

August 2021<\/h1>\n
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People may think that the market is starting to level out with the sales statistics going down, but that\u2019s not necessarily true. Because there is a lack of product for sale, there will be a slow down in sales.<\/span><\/p>\n

\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/09\/July-2021.png” title_text=”July 2021″ show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.10.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.10.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

July 2021<\/h1>\n
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The average selling time for homes went down from 57 days last July to 27 for July 2021. This impact is huge for any buyer trying to get an accepted promise to purchase. It tells a story how in this market, buyers are clamoring for a home.<\/span><\/p>\n

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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/09\/June-2021.png” title_text=”June 2021″ show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.10.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.10.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

June 2021<\/h1>\n
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The shocking information this month is the median price for homes. In 2021 it was 395,000$ and this month it is 508,000$. Up 29%! This has a significant impact on buyers and their capacity to keep them in the market or booting them out.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/06\/May-MArket-Report.jpg” title_text=”May MArket Report” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.9.7″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.7″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

May 2021<\/h1>\n
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Take a look at the available listings for homes in comparison to last year at this time. There is 2773 difference. Statistics aside, as a working real estate broker, I can honestly say that I have never seen a market like this before. There are so many buyers out there who still haven\u2019t bought.\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/05\/April-Market.jpg” title_text=”April Market” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.9.4″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.4″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

April 2021<\/h1>\n
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Active listings for homes are continuously, month after month, since April 2017, have been going down. Meaning, there is hardly any product on the market right now. What does come up, normally sells within days with multiple offers\u2026if it\u2019s priced right. One thing has changed though, is that there are more condos on the market. 57% higher than this time last year, taking them a bit more time to sell.\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/04\/March-Market-Report.png” title_text=”March Market Report” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.9.4″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.3″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

March 2021<\/h1>\n
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Don\u2019t be fooled thinking the market is slowing down because home sales are at -7%. The reason is, is because there isn\u2019t any product. Active listings are down -43%. Gone are the days of 2 or 3 multiple offers. We are now into 10-20+ offers. There are so many buyers now who haven\u2019t bought. Are we in a bubble? Are we going to crash? I don\u2019t think so. Not for a very long time. People are still working, immigrants have been stopped coming in, low interest rate, bank security, low housing starts, low product available and on an international scale, our prices are still considered low.<\/p>\n

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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/03\/February-Market-Update.png” title_text=”February Market Update” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.9.2″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.2″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

February 2021<\/h1>\n
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Even though sales may be down from the previous year, volume is up. With almost every property sold, due to the multiple offer situation, prices are skyrocketing. Time to sell has gone down significantly. With people lining up around the corner for every new property for sale, brokers are limiting visits to the first week and putting short deadlines for offers.\n<\/p>\n

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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ disabled_on=”off|off|off” _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/03\/January-Market-News.png” title_text=”January Market News” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.9.0″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.0″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

January 2021<\/h1>\n
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I predict that we will be in this situation for the next 2-3 years until the market starts balancing out. There are still so many hungry buyers who haven\u2019t bought, and the interest rates are still at an all-time low.<\/p>\n

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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2021\/01\/December-market-news.jpg” title_text=”December market news” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.9.2″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.8.1″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

December 2020<\/h1>\n
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What a difference in the median price across the board from houses, condos and plexes. Also time to sell is almost cut in half due to the high demand from buyers. I am still seeing on a continual basis brokers, as soon as they list a property, putting a deadline of days to visit and deadline for submitting your offer.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/12\/November-Statistics.png” title_text=”November Statistics” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.7.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.7.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

November 2020<\/h1>\n
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Here we are heading into the holidays and the sales and new listings are still going up. I get asked a lot if it is a good time to buy. It’s always a great time to buy.
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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/12\/October-Statistics.png” title_text=”October Statistics” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.7.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.7.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

October 2020<\/h1>\n
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With sales going up, so does the median price. Homes leading the ways at 16% rise from last year, 14% condos and Plexes 2-5 units, 12%. Along with higher prices, time to sell has been going down for some time now. With an average total time for all categories, 74 days. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/12\/September-Statistics.png” title_text=”September Statistics” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.7.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.7.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

September 2020<\/h1>\n
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Great news! We are starting to see an incline in new listings. Which means that we are starting to head towards a more balanced market. It may take many, many months to get there though. The look and feel on the street is that it’s not as strong as it was in May.
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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/12\/August-Statistics.png” title_text=”August Statistics” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.7.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.7.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

August 2020<\/h1>\n
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Normally over the last many years, we have seasons. Meaning that the market starts amping up in February until May-June and then is dead for the summer and picks up again for September through to November, and then is quiet for the holidays. Because we are in a strong sellers market, that is out the door. And total sales are up 39%. So for now, any month is a strong real estate season.
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[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/08\/Market-Updates-July-2020.png” title_text=”Market Updates July 2020″ show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.5.5″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.5.5″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

July 2020<\/h1>\n
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Sales up 46%, 45% and 34%!! Highest I have ever seen! Everyone thought that apr\u00e8s Covid, the market would go down or crash, however nothing has been further from the truth. It is \u201cworse\u201d now than it was before. It is a very strong seller\u2019s market. Days to sell are still going down.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/07\/Screen-Shot-2020-07-17-at-8.34.31-AM.png” title_text=”Screen Shot 2020-07-17 at 8.34.31 AM” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.5.1″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.5.1″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

June 2020<\/h1>\n
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New Covid rules are bringing real estate back to “normal”. As a real estate broker, we are back in business. Many professional predicted that the market was going to crash right away, however nothing could be further than the truth. Sales and prices up, time to sell and listings down. Which mean there is hardly anything to buy. Buyers are lining up for visits and most of them have multiple offers within days. How to choose your area,\u00a0\u00a0<\/span>Great Towns to Live In.<\/a> <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/05\/Market-Updates-April-2020.png” title_text=”Market Updates April 2020″ show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.4.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.6″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

April 2020<\/h1>\n
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Well it\u2019s no surprise that during the Covid lockdown that sales and listings went down. Of course they did. It is only logical because real estate brokers were incredibly restricted to actually list and sell properties. The number to pay attention to is the fact that the prices went up and average selling time went down. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/04\/market-update-march-2020.png” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.4.6″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.3″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

March 2020<\/h1>\n
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Well considering we are in the middle of a total shut down, it makes sense that the listings went down by quite a bit. Hardly any buyer is listing their property. As well, sales went well because brokers are finalizing their February deals. The next two months are going to be interesting.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/03\/February-2020-Market-update-1.png” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.4.1″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.1″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

February 2020<\/h1>\n
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Listings went up 1%, first time in 3 years<\/b><\/span><\/p>\n

The fact that listings went up and time to sell has been extended, may be the turning point that we are looking for. The only worry is that there are still a lot of buyer\u2019s who haven\u2019t bought yet. These buyers are flooding to the open houses and still driving the prices up. The time to sell may have extended, however it could be due to seller\u2019s over pricing their property, and then after time, doing a price reduction. With prices going up, the caution is that the overinflated price point are over and above the bank evaluation. Read here for more information:\u00a0\u00a0Banks Approving Buyers, But Not Houses<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/02\/January-Market-Updates-2020.png” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.3.2″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.3.2″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

January 2020<\/h1>\n
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The condo market is continuing to amaze me with active listings down -36%. A lot of people think that an undivided condo will have a harder time selling over a divided, however I\u2019ve continually checked the statistics and that\u2019s not true. Over the years, statistically speaking, and from my own personal experience as a broker, the price, the amount of days on market is comparable between the two. For more information on the difference, check out my article: The Difference Between Divided and Undivided<\/u>.<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2020\/02\/December-Market-Updates-2019.png” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.3.2″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.3.2″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

December 2019<\/h1>\n
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The most impressive jump in the last quarter was the fact that condos are catching up to the rest of the market. A couple of years ago it was touch and go. Meaning a lot of my clients were selling their condos at a loss. The main competition in the condo sector was new builds. \u00a0It was extremely competitive since a lot of developers were lowering their prices and including appliances and granite countertops. Condo sales were sliding into a buyer\u2019s market. These days condos have jumped back up into competition. For more information on Buying\u00a0 a Condo click here<\/a>.\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2019\/12\/Market-Updates-NOv-2019.jpg” show_in_lightbox=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.29.3″ max_width=”83%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.29.3″ custom_padding=”||0px|||” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

November 2019<\/h1>\n
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Increase in the Proportion of Residential Sales in Higher Price Ranges in Quebec: Montreal Area Widens the Gap<\/span><\/p>\n

Quebec\u2019s residential real estate market, and in particular that of the Montreal Census Metropolitan Area (CMA), are making headlines both nationally and internationally for their exceptional strength, which has led to a generalized acceleration of median prices across all property categories, for several quarters now.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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October 2019<\/h1>\n
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For all three property categories, this was the lowest number of properties for sale ever registered in the Montreal CMA since data started being collected.<\/p>\n