Montreal home sales see record April but the market is not accelerating: QPAREB
by The Canadian Press
Last Updated May 5, 2021 at 4:44 pm EDT
MONTREAL The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal home sales, but shouldn’t be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.
The association says 6,237 home were sold in the area last month, up from 1,882 last April but down from 6,348 in March 2021.
QPAREB says the month’s sales should be seen as steady because they haven’t changed by much since March and because last April was the first full of the month of the pandemic, which caused sales to dramatically tumble.
Montreal Area: Half of Single-Family Home Sales Sold for Over $500,000 in April Quebec Professional Association of Real Estate Brokers (QPAREB) CANADA
French
NUNS ISLAND, Quebec, May 05, 2021 (GLOBE NEWSWIRE) The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the
Montreal Census Metropolitan Area (CMA) for the month of April, based on the real estate brokers’ Centris provincial database.
Important note: several statistics for April 2020 are not representative due to the exceptional pause in transactional activities and new property listings during this period. April 2019 statistics are used in calculating variations (for informational purposes). However, April 2020 remains a valid reference in determining variations in median prices and active listings.
Winnipeg Free Press By: The Canadian Press
Last Modified: 4:00 PM CDT Wednesday, May. 5, 2021 Save to Read Later
MONTREAL - The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal area home sales, but it shouldn t be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.
A real estate sold sign is shown on the west island of Montreal, Saturday, November 4, 2017. THE CANADIAN PRESS/Graham Hughes
MONTREAL - The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal area home sales, but it shouldn t be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.
Doyle: West Island home prices reach new heights montrealgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from montrealgazette.com Daily Mail and Mail on Sunday newspapers.
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Too much, too fast?
Residential property prices in Greater Montreal continued to soar in March as sales activity bubbled over yet again despite a dearth of available homes.
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Single-family home prices in the Montreal Census Metropolitan Area jumped 32 per cent last month, while the median price of condominiums climbed 21 per cent, the Quebec Professional Association of Real Estate Brokers said Wednesday in its latest monthly report.
Median prices for plexes properties with two to five units advanced eight per cent year-over-year.