Montreal Market Report 3rd Quarter 2016

The Quebec Federation of Real Estate Boards (QFREB) offers a quarterly report. The “Barometer” is so far the most comprehensive market analysis, which includes sales, median prices, average selling time and market conditions. All detailed and categorized by neighbourhood.

Here is the 2016 3rd Quarter Report for the Montreal residential market.
Click on the graphics to expand them.

In Montreal Metropolitan Area…


Over 8,000 transactions were completed in the 3rd quarter, representing a 6% increase compared to Q3 2015, with condos sales in the lead.
Median price of single family homes ($304,000) went up 5%, while condos ($250,000) and plexes ($455,000) increased by 2%.
Selling times in the Island were recorded as slower than those of 2015.

In Ville-Marie…


Sales: 368 transactions; a 27% increase.
Median Price of condos ($350,000) increased by 9% in Q3. With an 11% increase in the last 5 years. The single family homes and plexes didn’t have enough data to produce reliable statistics for the last quarter, according to the report. However, it shows an increase in the medium prices for the last 5 years: 30% in single family homes and 21% for plexes respectively.
Selling times for condos had an average of 116 days. No data available for houses and plexes.
Market Conditions, plexes remain balanced, while single family homes and condos are slowly getting absorbed; moving from a buyer’s market into a balanced one.

Source: QFREB Barometer.  View the complete PDF report here

If you’d like to have another area included in our next market update, let us know in the comments!
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