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Top Stories This Week – May 25, 2018

This week, 4 Stats That Show Montreal’s Real Estate Market Is Heating Up, a comparison of land appreciation rates over the past 20 years, and more...

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We know how easy it is for news to pass you by in the week, so we’ve put together a round-up of Montreal’s most important real estate stories from the past few days – and where to read more about them:

A comparison of land appreciation rates over the past 20 years

CHMC’s latest housing market data looks at how land price growth has varied in different parts of the Greater Montreal Area. Most neighbourhoods have appreciated between 200%-300%. Exceptionally, land in the South West, Plateau, Verdun/Nun’s Island and Pierrefonds-Roxboro has jumped more than 400%.

Read more here.

Price Per Square Foot For Montreal Homes: 2018

What are the average prices per square foot for single family home land, in different Montreal boroughs? Variations in price depended largely on the amount of available (vacant) land. In sectors where vacant residential land was abundant, home prices per square foot were generally lower.

Read more here.

4 Stats That Show Montreal’s Real Estate Market Is Heating Up

Statistics from the first quarter of activity in Montreal point to a healthy real estate market, fuelled by accelerated sales, rising prices and shrinking inventory. While the national housing market continues to cool in response to the new mortgage stress test, Montreal has reported a multi-month consecutive trend of robust performance in both its residential and commercial sectors.

Read more here.

Canadian Home Sales And Average Prices Fall In April: CREA

CREA’s latest statistics, released today, show decreasing national home sales and prices between March and April. Notably:

  • Canadian home sales decreased by 2.9% from March to April.
  • Actual (not seasonally adjusted) activity decreased 13.9% year over year.
  • 4.8% fewer homes were listed for sale between March and April.
  • The MLS® Home Price Index (HPI) in April increased 1.5% compared to April 2017.
  • The national average sale price declined by 11.3% y-o-y in April.

Read more here.

This article, Top Stories This Week – May 25, 2018, appeared first on Shupilov News.


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