Centris® Residential Sales Statistics - October 2014 - Condominium Prices Strengthen in October in the Montréal Area

ÎLE-DES-SŒURS, QC, Nov. 7, 2014 /CNW Telbec/ – The Greater Montréal Real Estate Board (GMREB) today released its residential sales statistics for the Montréal Census Metropolitan Area (CMA). According to the real estate brokers' Centris^® provincial database, 2,636 residential sales were concluded in October 2014, a 1 per cent decrease compared to October of last year. This decrease follows a 7 per cent increase in sales in September. Click here to watch the October 2014 statistics video.

Sales of single-family homes fell slightly by 1 per cent in October, while condominium sales decreased by 4 per cent. Only plexes registered an increase in sales, at 5 per cent, compared to October of last year.

Geographically, Laval stood out with a 15 per cent increase in sales in October 2014. The Island of Montréal also registered a small increase of 1 per cent. Sales decreased by 2 per cent on the South Shore and by 3 per cent in Vaudreuil-Soulanges. Finally, after an excellent month of September (+15 per cent), the North Shore had a more difficult month of October, with a 12 per cent drop in sales compared to October 2013.

"The median price of condominiums in the Montréal CMA increased by 6 per cent in October 2014 compared to the same period last year and registered its largest monthly increase since December 2012," said Diane Ménard, Vice-President of the GMREB Board of Directors. The median price of single-family homes rose by 1 per cent, while that of plexes (2 to 5 dwellings) increased by 4 per cent over the comparative period.

Finally, across the Montréal CMA, the number of active listings on the real estate brokers' Centris^® system continued to rise in October, growing by 8 per cent compared to October 2013.    

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.

About Centris^®

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.

For October 2014 statistics charts, click here.
For year-to-date statistics charts, click here.

Image with caption: "Centris® Residential Statistics Montreal Metropolitan Aera (CNW Group/Greater Montreal Real Estate Board)". Image available at: http://photos.newswire.ca/images/download/20141107_C1122_PHOTO_EN_7671.jpg

SOURCE: GREATER MONTREAL REAL ESTATE BOARD

For further information: Sarah Hamel, Greater Montréal Real Estate Board, Tel.: [phone], ext.216, [email protected]; Manon Stébenne, Manager, Communications and Public Relations, Greater Montréal Real Estate Board, Tel.: [phone], ext. 157, [email protected]