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BROKERAGE
SALES - PURCHASES
Real Estate Brokerage Service.
Our properties are listed on CENTRIS, MLS and REALTOR.
We are members of the Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ) & the Quebec Professional Association of Real Estate Brokers.
APPRAISALS
SELLING - SHARING VALUES - LEGAL - ESTATES
Professionnal Real Estate Appraisals.
Our expertise in real estate appraisals can ensure our customers' best interest with optimal results. Our reports are conform to the standings and expectations of The Quebec Chartered Board of Appraiser's Association.
REAL ESTATE NEWS
An 18% increase of residential sales in Montreal
February 2024
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Residential sales increased 18% in Greater Montreal in January 2024 compared to the same month last year, according to data from the Association professionnelle des courtiers immobiliers du Québec (APCIQ).
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A total of 2,077 residences were sold in the Montreal Census Metropolitan Area (CMA) in January 2024, compared to 1,766 transactions in January 2023.
The median price of a single-family home in January was $535,000, up 7% from January 2023. The median price of a condominium was $390,000 in January (+5%) and that of a plex was $722,500 (+7%)
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Registrations in effect for the month of January also increased significantly (+16%) to 16,838 registrations in the Montréal CMA.
'The improved sale performance at the beginning of the year can largely be attributed to a more positive interest rate mainly due to a outlook for interest rates.
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Since the end of 2023, economists have agreed that the upward cycle of interest rates is behind us and that the reverse process should begin in 2024," said Charles Brant, Director of the APCIQ’s Market Analysis Service.
Real estate will be under the sign of development and transition in 2024 in Montreal according to the Top 24 real estate for the Metropolis recently published by the agency CDNGLOBAL.
February 2024
The Top 24 real estate in Montreal in 2024, according to CDNGLOBAL (no order priority):
- Blue line extension
- REM Development
- Office vacancy rate
- Industrial vacancy rate
- Commercial vacancy rate
- Social housing
- Housing for the homeless
- 40 Net Zero Project
- West Island Development
- Eastern Land Use Planning
- Montreal East Land Development Corporation (SMTEM)
- Special Planning Program (SPP) 2050
- Development costs
- Royalmount Project
- Bridge-Bonaventure Project
- Quad Windsor Project
- Olympic Park Hotel Project
- Eaton’s ninth floor development
- Climate change
- Multi-family densification
- Office Building Reuse
- Neighbourhood Improvement
- Reuse of religious buildings
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Slowdown in real estate sales in Montreal
November 2023
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Sales of residential properties in the Montreal area decreased by 2% last month, compared to October of last year, said Monday the Professional Association of Real Estate Brokers of Quebec (APCIQ).
A total of 2,675 properties changed owners in October, compared to 2,740 in the same month last year.
The association noted that single-family home sales were 1,347 in October, down 6% from 1,438 transactions in the same period last year, while condominium sales were 1,018 transactions - versus 1021 in October 2022. Sales of two-to five-unit properties increased 10% to 307 sales, compared to 279 sales a year earlier.
The APCIQ pointed out that the median price of a single-family home reached $545,000 in October, compared to $510,000 a year ago, while that of a condominium climbed to $390,000, The median price of a plex was $735,000 last month, compared to $700,000 in October 2022.
There are two trends in the metropolitan area. The Island of Montreal and South Shore sectors recorded annual sales increases of 7% and 8% respectively. However, the North Shore, Laval, Vaudreuil-Soulanges and Saint-Jean-sur-Richelieu regions saw their transactions go in the opposite direction, with declines of 12%, 17%, 19% and 30% respectively.