L'ÎLE-DES-SŒURS, QC, July 7, 2015
/CNW Telbec/ - The Greater Montréal Real Estate Board (GMREB) has
just released its most recent residential real estate market
statistics for the Montréal Census Metropolitan Area (CMA), based
on the real estate brokers' Centris® provincial
database. In total, 3,627 residential sales were concluded in
June 2015, an 11 per cent
increase compared to June 2014. This was the fourth
consecutive increase in sales and the most active month of June
since 2009. Click here to watch the June 2015 statistics
video.
"In the past few months, sales have been growing significantly
faster than the number of listings, which means that market
conditions have started to tighten again," said François
Bissonnette, President of the GMREB Board of Directors. "However,
the balance of power in negotiations is still, generally speaking,
in the hands of buyers for condominiums," he added.
For more information, please visit www.homepriceindex.ca.
Variation by geographic area
- The North Shore clearly stood out in June 2015, registering a 26 per cent increase in
residential sales including, more specifically, a 33 per cent
increase in condominium sales.
- The area of Vaudreuil-Soulanges also performed well in June
with a 13 per cent increase in sales compared to June of last
year.
- The other areas of the CMA also contributed to June's increase
in sales, as the number of transactions rose by 7 per cent on the
Island of Montréal and in Laval,
and by 5 per cent on the South Shore.
Statistics by property category
- Single-family homes registered the largest increase in sales in
June 2015, at 15 per cent.
- Sales of plexes (2 to 5 dwellings) rose by 11 per cent.
- Condominium sales increased by 4 per cent after registering a
slight decrease (-1 per cent) in May.
Prices
- For the Montréal CMA as a whole, the median price of
single-family homes ($295,000) and
condominiums ($240,000) increased by
2 per cent compared to June
2014.
- In contrast, the median price of plexes fell slightly by 2 per
cent to reach $438,000.
Number of properties for sale
Although the upward trend continued in June, to the tune of
2 per cent, this was the smallest increase in the number of
active listings in more than four years in the Montréal area.
About the Greater Montréal Real Estate Board
The Greater Montréal Real Estate Board is a non-profit
organization with more than 9,300 members: real estate brokers. Its
mission is to actively promote and protect its members'
professional and business interests in order for them to
successfully meet their business objectives.
About Centris®
Centris.ca is Québec's real estate industry website for
consumers, grouping all properties for sale by a real estate broker
under the same address. Centris®, a division of the
Greater Montréal Real Estate Board, offers technology resources
exclusively to Québec's 12 real estate boards and their 13,000 real
estate brokers.
For June 2015 statistics charts,
click here.
For year-to-date statistics charts, click here.
SOURCE Greater Montréal Real Estate Board