MLS® Barometer - Third quarter 2013 - Montreal residential market

October 29, 2013

- Residential sales start to increase again in third quarter
- Northern suburbs going against the current
- Significant increase in supply of properties
- Prices stabilize for condominiums and plexus

After four consecutive and relatively large quarterly decreases in sales following the entry into force of more restrictive mortgage rules1, the number of residential transactions in the Montréal Census Metropolitan Area (CMA) finally began to rebound in the third quarter of 2013. According to the real estate brokers’ provincial database, there were 7,320 residential sales transactions concluded through the Centris® system in the Montréal CMA in the third quarter of the year, a 2 per cent increase compared to the third quarter of last year.

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Marlene Ofter

Marlene Ofter

Certified Real Estate Broker
CENTURY 21 Max-Immo
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