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L’ILE-DES-SOEURS, Quebec, — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.
|Residential Statistics – Montreal CMA|
|Plex (2-5 dwellings)||438||404||8||%|
|Single-family||352,250 $||325,179 $||8||%|
|Condominium||261,000 $||256,500 $||2||%|
|Plex||539,000 $||507,000 $||6||%|
|Total residential||1,754,691,274 $||1,565,660,287 $||12||%|
In total, 4,339 residential sales were concluded in June 2019, a 7 per cent increase compared to June of last year.
“The last time market conditions were this tight was back in June 2005. The number of months needed to absorb the inventory of properties for sale currently sits at only 5 months or so, and this applies to all areas of the Montreal CMA,” said Nathalie Bégin, president of the QPAREB board of directors. “These conditions can be explained by sustained sales levels coupled with the 45th consecutive monthly drop in the number of active listings. This has also led to a general acceleration in price growth, particularly in the areas on the periphery of the Island of Montreal,” she added.
Sales by geographic area
Sales by property category
Number of properties for sale
In June, there were 17,980 active residential listings in the Centris system, a 19 per cent decrease compared to June of last year.
About the Quebec Professional Association of Real Estate Brokers
The Quebec Professional Association of Real Estate Brokers (QPAREB) is a non-profit association that brings together more than 12,500 real estate brokers and agencies. It is responsible for promoting and defending their interests while taking into account the issues facing the profession and the various professional and regional realities of its members. The QPAREB is also an important player in many real estate dossiers, including the implementation of measures that promote homeownership. The Association reports on Quebec’s residential real estate market statistics, provides training, tools and services relating to real estate, and facilitates the collection, dissemination and exchange of information. The QPAREB is headquartered in Quebec City and has its administrative offices in Montreal. It has two subsidiaries: Centris Inc. and the Collège de l’immobilier du Québec. Follow its activities at qpareb.ca or via its social media pages Facebook, LinkedIn and Twitter.
Centris.ca is Quebec’s real estate industry website for consumers, grouping all properties for sale by a real estate broker under the same address. Société Centris provides real estate industry stakeholders with access to real estate data and a wide range of technology tools. Centris also manages the collaboration system used by more than 13,000 real estate brokers in Quebec.