Some year-end 2018 real estate figures.

Greater Montreal Continues to Record Strong Growth In Residential Sales.

According to Centris and the Greater Montreal Real Estate Board (GMREB), the region continues to record growing sales volumes. Photo by Samuel Charron via Unsplash.

We have seen a new sales record for a month of December

  • Five of the six main areas of the Montréal CMA registered an increase in sales in December.
  • Vaudreuil-Soulanges and Saint-Jean-sur-Richelieu clearly stood out with respective sales increases of 13 per cent and 8 per cent.
  • Transactions were also on the rise on the North Shore (+6 per cent), in Laval (+5 per cent) and on the South Shore (+3 per cent).
  • The Island of Montréal was the only area that posted a decrease in sales, as transactions fell slightly by 1 per cent compared to December of 2017.

Some economists believe that the market in this region is about to overheat.
If mortgage interest rates do not increase or very little, the first half of the year, future buyers will want to hurry to buy before prices and rates go up even more.

For more details, you can read this article.

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