Courtesy of Laurie Fearon & Shapoor Hoghooghi

Montreal Real Estate Market: Strong Start to the Year With

MEDIAN SALE PRICES

$434,000 single family UP 23% year-over-year

$322,000 condo UP 17% year-over-year

New Sales and Price Records, Propelled by Condominiums and Plexes

L’Île-des-Sœurs, February 2, 2021– The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of January, based on the real estate brokers’ Centris provincial database. “Despite more severe health restrictions, January continued in the footsteps of 2020. Condominiums and plexes registered record sales, including on the Island of Montreal, with the highest number of transactions ever recorded since the early 2000s,” said Charles Brant, director of market analysis at the QPAREB. “This has resulted in a drop in the inventory of properties available for sale in the areas peripheral to the Island. The slowdown in sales growth for the single-family home category is clearly attributable to a lack of active listings,” he added. Source: Quebec Professional Association of Real Estate Brokers (QPAREB)

5,042 11,176

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,980

MONTHS OF INVENTORY

2.8

1,541

Stats are Reflective of January 2021 Source: Quebec Professional Association of Real Estate Brokers (QPAREB) Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to- date evaluation of your home.

single family detached SOLD LISTINGS condo

BUYING OR SELLING? CALL US, WE CAN HELP.

LAURIE FEARON & SHAPOOR HOGHOOGHI REAL ESTATE BROKERS

Laurie: 514.575.7984 | brokers@lauriefearon.com Shapoor: 514.295.8787 | brokers@shapoorhoghooghi.com

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