VOLUME MENSUEL DES PRÉAVIS D’EXERCICE,DES DÉLAISSEMENTS ET DES AVIS DE VENTES SOUS CONTRÔLE DE JUSTICE AU QUÉBEC S elon les actes publiés au egistre foncier du Selon les actes publiés au Registre foncier du Québec et colligés par JLR, 745 préavis d’exercice ont été émis en août 2017 dans la province.
2. A recent article in the Montreal Gazette:
ResidentialResidential propertyproperty salessales andand pricesprices inin thethe MontrealMontreal areaarea roserose forfor everyevery
typetype ofof dwellingdwelling inin JulyJuly forfor thethe thirdthird consecutiveconsecutive month,month, accordingaccording toto datadata
releasedreleased byby thethe GreaterGreater MontrealMontreal RealReal EstateEstate BoardBoard onon Friday.Friday.
“We’re“We’re inin aa seller’sseller’s market,”market,” saidsaid PaulPaul Cardinal,Cardinal, thethe managermanager ofof marketmarket
analysisanalysis forfor thethe QuebecQuebec FederationFederation ofof RealReal EstateEstate Boards.Boards.
That’sThat’s thethe resultresult ofof strongstrong demanddemand andand diminishingdiminishing supply,supply, asas thethe numbernumber
ofof newnew andand activeactive listingslistings declines.Homedeclines.Home salessales acrossacross thethe regionregion werewere upup
1616 perper centcent lastlast month,month, whenwhen comparedcompared toto JulyJuly 2016,2016, accordingaccording toto thethe
GMREB.ThatGMREB.That increaseincrease waswas highesthighest onon thethe islandisland ofof Montreal,Montreal, wherewhere thethe
numbernumber ofof homeshomes soldsold roserose 2121 perper centcent fromfrom JulyJuly 2016.“On2016.“On thethe island,island,
we’rewe’re seeingseeing biddingbidding warswars back,”back,” CardinalCardinal said.said. “That’s“That’s thethe resultresult ofof thethe
hothot marketmarket wewe havehave now.”now.” AcrossAcross thethe region,region, salessales ofof condominiumscondominiums sawsaw
thethe biggestbiggest increase,increase, risingrising 2424 perper centcent year-over-year.year-over-year. SalesSales ofof single-familysingle-family
homes were up 13 per cent, while sales of plexes were up two per cent.homes were up 13 per cent, while sales of plexes were up two per cent.
3. §§ IfIf thesethese trendstrends continue,continue, CardinalCardinal said,said, Montreal’sMontreal’s realreal estateestate marketmarket couldcould bebe onon
track to have its second-busiest year ever, behind only 2007.track to have its second-busiest year ever, behind only 2007.
§§ TheThe increaseincrease inin demanddemand isis leadingleading toto aa decreasedecrease inin supply,supply, asas propertiesproperties spendspend lessless
time on the market before being purchased.time on the market before being purchased.
§§ The number of active listings was down 15 per cent, year-over-year, in July to 24,412.The number of active listings was down 15 per cent, year-over-year, in July to 24,412.
§§ TheThe numbernumber ofof newnew listingslistings waswas alsoalso downdown inin July,July, droppingdropping eighteight perper centcent fromfrom
2016, to 4,492.2016, to 4,492.
4. §§ CardinalCardinal creditedcredited that,that, inin part,part, toto Montreal’sMontreal’s strongstrong employmentemployment market.market.
WithWith moremore jobsjobs inin thethe region,region, fewerfewer peoplepeople areare sellingselling theirtheir homeshomes toto movemove
elsewhereelsewhere oror facingfacing thethe kindkind ofof financialfinancial pressurespressures thatthat wouldwould leadlead toto aa
foreclosure.foreclosure.
§§ ButBut withwith aa strongstrong economy,economy, highhigh demanddemand andand decreasingdecreasing supply,supply, pricesprices areare
continuingcontinuing toto rise.Therise.The medianmedian priceprice ofof single-familysingle-family homeshomes roserose eighteight perper
centcent year-over-yearyear-over-year toto $323,000,$323,000, whilewhile thethe medianmedian priceprice ofof condoscondos waswas upup
twotwo perper centcent toto $256,000.$256,000. TheThe medianmedian sellingselling priceprice ofof plexesplexes waswas upup sevenseven
perper centcent toto $489,000.$489,000. TheThe MontrealMontreal region’sregion’s luxuryluxury marketmarket isis alsoalso heatingheating
up, Cardinal said.up, Cardinal said.
§§ TheThe numbernumber ofof single-familysingle-family homeshomes soldsold forfor overover $1$1 millionmillion waswas upup 2020 perper
centcent duringduring thethe firstfirst sevenseven monthsmonths ofof 2017,2017, whenwhen comparedcompared toto thethe
equivalentequivalent periodperiod inin 2016,2016, whilewhile thethe numbernumber ofof condoscondos soldsold forfor overover
$500,000 rose 44 per cent during the same period.$500,000 rose 44 per cent during the same period.
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