The Market

 

 Centris® Residential Sales Statistics for the Montréal Metropolitan Area 

Price Growth Slows on Residential Real Estate Market 

Île-des-Soeurs, February 8, 2013 – According to the real estate brokers’ Centris® provincial database, price growth in the Montréal Census Metropolitan Area (CMA) slowed for all property categories in January 2013 compared to January 2012, said the Greater Montréal Real Estate Board (GMREB). As for sales, there were 2,101 transactions concluded in the Montréal CMA, a 14 per cent decrease compared to January 2012. 

“The median price of single-family homes increased by 2 per cent in January 2013 compared to January of last year, while that of condominiums remained unchanged,” said Diane Ménard, Vice-President of the GMREB Board of Directors. “The median price of condominiums had increased virtually every month since August 2009,” she added. Centris® Residential Statistics 

Montréal Metropolitan Area 

January 2013 versus January 2012 

Variation 

Active listings 

28,824 

9% 

New listings 

7,859 

2% 

Total sales 

2,101 

-14% 

Single-family 

1,216 

-14% 

Condominiums 

681 

-14% 

Plexes (2 to 5 dwellings) 

203 

-16% 

Volume of sales 

$642,535,211 

-13% 

Median price 

Single-family 

$268,000 

2% 

Condominiums 

$220,000 

0% 

Plexes (2 to 5 dwellings) 

$405,000 

1% 

Source: Greater Montréal Real Estate Board by Centris® 

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