{"id":61,"date":"2006-02-17T00:09:38","date_gmt":"2006-02-17T06:09:38","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/2006\/02\/march-2005-home-sales-top-12-billion-a-record\/"},"modified":"2006-02-17T00:09:38","modified_gmt":"2006-02-17T06:09:38","slug":"march-2005-home-sales-top-12-billion-a-record","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/march-2005-home-sales-top-12-billion-a-record\/","title":{"rendered":"March 2005 &#8211; Home sales top $1.2 billion &#8211; A record"},"content":{"rendered":"<p>Home sales top $1.2 billion \u2013 A record \u00cele des Soeurs, April 8, 2005 \u2013 For the first time in the history of the Greater Montr\u00e9al Real Estate Board (GMREB), the total value of all properties sold reached $1.211 billion, a 4% increase compared to the previous high of $1.166 billion that was set in March 2004.<\/p>\n<p>\u201cDriven by such factors as low interest rates, confidence in the economy and job creation, the real estate market continues to perform well, as we expected at the beginning of the year\u201d, says Michel Beaus\u00e9jour, FCA, GMREB Chief Executive Officer.<\/p>\n<p>March is traditionally the best month of the year in terms of units sold and 2005 was no exception as 6,064 properties were sold through the S.I.A.\u00ae\/MLS\u00ae system, a small decrease of 4% compared to the 6,321 units sold on the same month last year. \u201cThis decrease can probably be explained by the Easter break, which was in March this year\u201d, points out the GMREB spokesman.<\/p>\n<p>In March 2005, the average price for a single-family home, which accounts for 2\/3 of all the sales recorded on the GMREB S.I.A.\u00ae\/MLS\u00ae system, reached $199,000, a 9% increase compared to $183,000 last year.<\/p>\n<p>According to Beaus\u00e9jour, the housing market remains strong and positive everywhere in Canada since the beginning of the year. \u201cGreater Montreal is still a very affordable area when you compare with other areas such as Vancouver, where the average price was $387,000 in February, Toronto at $334,000 or even Calgary with an average price of $241,000.\u201d<\/p>\n<p>Here are the average prices of single-family homes sold in March when dividing the territory into administrative regions:<\/p>\n<ul>\n<li>Montreal: $320,000 (+9% compared to March 2004)<\/li>\n<li>Laval: $192,000 (+7%)<\/li>\n<li>Mont\u00e9r\u00e9gie: $181,000 (+10%)<\/li>\n<li>Laurentians: $177,000 (+11%)<\/li>\n<li>Lanaudi\u00e8re: $147,000 (+11%)<\/li>\n<\/ul>\n<p>This is not necessarily a true indication of the actual price of single-family homes in all sectors of the Greater Montreal area, but rather an indication of the trend in the average cost of properties located in the areas covered by the GMREB.<\/p>\n<p><strong>1st quarter of 2005<\/strong><br \/>\nFor the 1st quarter of 2005, 13,856 units were sold, a 3% decrease compared to the same quarter in 2004. The total sales dollar volume of units sold was $2.711 billion, a 6% increase compared with the $2.558 billion in the 1st quarter of 2004.<\/p>\n<p>As of March 31, there were 32,323 active residential listings on the S.I.A.\u00ae\/MLS\u00ae system, while at the same time period a year ago, there were 24,556, a 32% increase. \u201cThe rise in the number of houses for sale is good news for buyers who have more choice and a bit more time to make a transaction with the help of their real estate agent since the average listing period now stands at 72 days, compared to 63 days at the same time period last year,\u201d says Beaus\u00e9jour.<\/p>\n<p>The Greater Montr\u00e9al Real Estate Board is a non-profit organization and has more than 8,000 members, real estate brokers and agents. It is the third most important board in Canada and its mission is to actively promote and protect its members\u2019 professional and business interests in order for them to successfully meet their business objectives.<br \/>\n<strong><br \/>\nFor further information: <\/strong><br \/>\nLinda Grondin<br \/>\nAssistant Director,<br \/>\nCommunications, Industry Relations and Legal Affairs<br \/>\nGreater Montr\u00e9al Real Estate Board<br \/>\nTel.: (514) 762-2181, extension 130<br \/>\nE-mail: linda.grondin@gmreb.qc.ca<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home sales top $1.2 billion \u2013 A record \u00cele des Soeurs, April 8, 2005 \u2013 For the first time in the history of the Greater Montr\u00e9al Real Estate Board (GMREB), the total value of all properties sold reached $1.211 billion, a 4% increase compared to the previous high of $1.166 billion that was set in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-61","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>March 2005 - Home sales top $1.2 billion - A record - Montreal Real Estate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.montreal-realestate.ca\/english\/march-2005-home-sales-top-12-billion-a-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"March 2005 - Home sales top $1.2 billion - A record - Montreal Real Estate\" \/>\n<meta property=\"og:description\" content=\"Home sales top $1.2 billion \u2013 A record \u00cele des Soeurs, April 8, 2005 \u2013 For the first time in the history of the Greater Montr\u00e9al Real Estate Board (GMREB), the total value of all properties sold reached $1.211 billion, a 4% increase compared to the previous high of $1.166 billion that was set in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.montreal-realestate.ca\/english\/march-2005-home-sales-top-12-billion-a-record\/\" \/>\n<meta property=\"og:site_name\" content=\"Montreal Real Estate\" \/>\n<meta property=\"article:published_time\" content=\"2006-02-17T06:09:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2006\/02\/March-2005-\u2013-Home-sales-top-1.2-billion-\u2013-A-record-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"267\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jennifer Lynn Walker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jennifer Lynn Walker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.montreal-realestate.ca\\\/english\\\/march-2005-home-sales-top-12-billion-a-record\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.montreal-realestate.ca\\\/english\\\/march-2005-home-sales-top-12-billion-a-record\\\/\"},\"author\":{\"name\":\"Jennifer Lynn Walker\",\"@id\":\"https:\\\/\\\/www.montreal-realestate.ca\\\/english\\\/#\\\/schema\\\/person\\\/38280264b1c3c37ddc5057d0457569d5\"},\"headline\":\"March 2005 &#8211; 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