ÎLE-DES-SŒURS, QC, March 9, 2015 /CNW Telbec/ - The Greater Montréal Real Estate Board (GMREB) has just released its most recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers' Centris® provincial database. In total, 3,281 residential sales were concluded in February 2015, which means the market remained stable (0 per cent) when compared to February of last year. Click here to watch the February 2015 statistics video.
For more information, please visit www.homepriceindex.ca.
Geographically, the Island of Montréal stood out with a sales increase of 8 per cent compared to February 2014. The Laval and South Shore regions also experienced increases in activity, albeit more modest, with 3 per cent and 1 per cent respectively. Conversely, the North Shore registered a decrease in sales of 9 per cent while the Vaudreuil-Soulanges region suffered a decline of 24 per cent. This is the fifth consecutive monthly decline in sales for Vaudreuil-Soulanges.
"In early 2015, similar to what we saw in the last months of last year, the areas of the Island of Montréal and the South Shore are much more dynamic," stated Diane Ménard, Vice-President of the GMREB Board of Directors. "For January and February, the Island of Montréal (+1 per cent) and the South Shore (+2 per cent) were the two areas to post a growth in sales," she added.
By property category for the CMA, condominiums and single-family homes saw an increase in sales of 3 per cent and 1 per cent respectively in February. However, plexes posted the first drop in activity in five months with 19 per cent fewer transactions than in February 2014.
In terms of prices across the CMA, the three property categories recorded a similar increase of 2 per cent, with a median price of $280,000 for single-family homes, $230,000 for condominiums and $430,000 for plexes.
Finally, the number of active listings on the real estate brokers' Centris® system continued its upward trend. In February 2015, there were 5 per cent more properties for sale than a year earlier for the metropolitan area.
About the Greater Montréal Real Estate Board
The Greater Montréal Real Estate Board is a non-profit organization with more than 9,300 members: real estate brokers. Its mission is to actively promote and protect its members' professional and business interests in order for them to successfully meet their business objectives.
Centris.ca is Québec's real estate industry website for consumers, grouping all properties for sale by a real estate broker under the same address. Centris®, a division of the Greater Montréal Real Estate Board, offers technology resources exclusively to Québec's 12 real estate boards and their 13,000 real estate brokers.
SOURCE Greater Montréal Real Estate Board
Image with caption: "Statistics - February 2015 (CNW Group/Greater Montréal Real Estate Board)". Image available at: http://photos.newswire.ca/images/download/20150309_C4788_PHOTO_EN_12917.jpg
For further information: Manon Stébenne, Manager, Communications and Public Relations, Greater Montréal Real Estate Board, Tel.: 514-762-2440, ext. 157, [email protected]; Josée Labrie, Coordinator, Writing and Communications, Communications and Public Relations, Greater Montréal Real Estate Board, Tel.: 514-762-2440, ext. 222, [email protected]