REALTY AND MORTGAGE NEWS
Sales in Montréal Area Reach 2008 Levels.
Île-des-Sœurs,March 4, 2010 – February 2010 sales in Montréal Metropolitan Area hit the same level as sales in February 2008, which was just before the last recession. According to the Greater Montréal Real Estate Board’s MLS ® statistics, there were 4,465 sales transactions in the Montréal area in February 2010, a 45 per cent increase compared to February 2009 but only a 1 per cent increase compared to February 2008.
“It...
Jump in Condominium Sales in the Montréal Area in January 2010.
Île-des-Sœurs, February 10, 2010 – Condominium sales in the Montréal Metropolitan Area increased by 98 per cent in January 2010 compared to January 2009 which was the worst month of the recession. In fact, condominium sales rebounded so well from the economic downturn that they exceeded the January 2007 sales peak by 20 per cent, according to the Greater Montréal Real Estate Board's MLS® statistics.
In terms of overall sales, 2,...
January Housing Starts.
OTTAWA, February 8, 2010 — The seasonally adjusted annual rate1 of housing starts reached 186,300 units in January 2010. This is an increase from an annual rate of 176,100 units in December 2009, according to Canada Mortgage and Housing Corporation (CMHC). According to final figures, actual housing starts for 2009 totalled 149,081 units, with activity improving as the year progressed.
“Housing starts improved in both the singles and...
Montréal’s Real Estate Market Performed Well in 2009.
Île-des-Sœurs, January 7, 2010 – Sales in the Montréal Metropolitan Area increased by 3 per cent in 2009 compared to 2008, with a total of 41,802 transactions, according to the Greater Montréal Real Estate Board's MLS® statistics.
“Although sales decreased the first four months of 2009, Montréal’s real estate market rebounded and finished the year on a positive note,” said Michel Beauséjour, FCA, Chief Executive Officer ...
November Housing Starts.
OTTAWA, December 8, 2009 — The seasonally adjusted annual rate1 of housing starts reached 158,500 units in November. This is an increase from 157,400 units started in October, according to Canada Mortgage and Housing Corporation (CMHC).
“The improvement in housing starts continued in November,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Despite a small decline in November’s multiple home construction,...
Sales in Montréal Area Surpass Record-Breaking 2007 Levels.
Île-des-Sœurs, December 8, 2009 – There were 3,411 sales in the Montréal Metropolitan Area in November 2009, a 51 per cent increase compared to November 2008, according to the Greater Montréal Real Estate Board's MLS® statistics. These 3,411 transactions were enough to surpass, by 4 per cent, the record-breaking sales levels of November 2007, when 3,276 transactions were registered.
“It’s important to remember that last year...
Montréal Real Estate Market: Sales Reach Record-Breaking 2007 Levels.
Île-des-Sœurs, November 10, 2009 – October 2009 sales in Montréal Metropolitan Area hit the same level as sales in October 2007, the year that broke all records. According to the Greater Montréal Real Estate Board’s MLS ® statistics, there were 3,543 sales transactions in the Montréal area in October 2009, a 23 per cent increase compared to October 2008 and a 3 per cent increase compared to October 2007.
“It’s important t...
October Housing Starts.
OTTAWA, November 9, 2009 — The seasonally adjusted annual rate1 of housing starts reached 157,300 units in October. This is an increase from 149,300 units started in September, according to Canada Mortgage and Housing Corporation (CMHC).
“The improvement in housing starts in October is attributable to improvement in the multiple starts segment,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Despite a small...
Housing Activity to Strengthen in 2010.
OTTAWA, November 2, 2009 — Housing starts have started to recover and are expected to continue to improve in the second half of 2009. Starts are expected to reach 141,900 for the year and will increase to 164,900 for 2010, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook, Canada Edition* report.
“We expect housing markets across Canada to strengthen leading into and over the cours...
September Housing Starts.
OTTAWA, October 8, 2009 — The seasonally adjusted annual rate1 of housing starts reached 150,100 units in September compared to 157,300 units in August, according to Canada Mortgage and Housing Corporation (CMHC).
“The decline in housing starts in September is attributable to the volatile multiple starts segment,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “However, starts of single homes, which are ...
