Sotheby’s International Realty Launches YouTube Channel
Our… Read More »
Posted on January 25th, 2012, 3:19pm
Montréal's Real Estate Market Holds Strong in August
Posted by Sothebys International Realty Canada on Wednesday, September 9th, 2009 at 3:15pm.
Île-des-Soeurs, September 9, 2009
With sustained sales and a steady increase in prices, the Montréal real estate market showed no sign of slowing down in August, according to the Greater Montréal Real Estate Board's MLS® statistics. Sales increased by 9 per cent in August 2009 compared to August 2008, and the median price of a single-family home increased by 6 per cent.
"Because residential property sales generate significant economic benefits, the increases we've seen over the past four months have largely contributed to the economy of the Montréal Metropolitan Area," said Michel Beauséjour, FCA, Chief Executive Officer of the GMREB. All property categories registered an increase in sales. There were 1,674 single-family homes sold in August 2009, a 5 per cent increase compared to the same month last year. Condominium sales increased by 15 per cent and plex sales had the largest increase at 17 per cent. In terms of prices, single-family homes led the way with a 6 per cent increase in median price in August 2009 compared to the same period last year. The median price of condominiums grew by 3 per cent, while that of plexes increased by 5 per cent.
Be the first to comment on this blog entry!