MONTREAL — The Quebec Skilled Affiliation of Authentic Estate Brokers says past month’s Montreal property selling prices crept up by an common 17 per cent from final yr as profits fell by just about 10 for every cent.
The board states the median selling price of a single-family house achieved $565,550 in March, an 18 for every cent get from previous calendar year.
Condominiums noticed a 16 for every cent improve, creating the median selling price $402,600 last thirty day period.
Gross sales for the thirty day period totalled 5,493, down 13 for each cent from 6,281 previous March.
Previous month’s new listings amounted to 7,217, down 9 for every cent from 7,295 the earlier March.
Charles Brant, the association’s director of market evaluation, states the thirty day period was characterised by a renewed raise in selling prices, alongside with gross sales decreasing at a reduced degree than what was found pre-pandemic.
“This new feverish surge, in opposition to a backdrop of overbidding, could be one particular of the incredibly past kinds. Certainly, the variety of energetic listings tends to stabilize, or even maximize in specific sectors and categories, after the continual drop recorded because the beginning of the pandemic,” he stated in a news launch.
This report by The Canadian Push was 1st printed April 5, 2022.
The Canadian Press