{"id":421,"date":"2012-11-02T22:43:09","date_gmt":"2012-11-03T03:43:09","guid":{"rendered":"http:\/\/www.olgaouspenski.net\/blogwp1\/?p=421"},"modified":"2013-01-06T16:12:23","modified_gmt":"2013-01-06T21:12:23","slug":"mls-barometer-residential-market","status":"publish","type":"post","link":"https:\/\/www.olgaouspenski.net\/blogwp1\/mls-barometer-residential-market\/","title":{"rendered":"MLS\u00ae Barometer – Residential Market"},"content":{"rendered":"

\"\"<\/a>Fewer Buyers and More Sellers<\/h3>\n

There were 7,175 residential sales transactions concluded\u00a0through a real estate broker in the Montr\u00e9al Census Metropolitan\u00a0Area (CMA) in the third quarter of 2012. This represents a 7 per\u00a0cent decrease compared to the 7,755 sales concluded in the third\u00a0quarter of 2011 and the first decrease in sales after four quarterly increases.<\/p>\n

Tighter Mortgage Rules a Likely Culprit<\/h3>\n

Monthly data shows that sales began to cool in the Montr\u00e9al area in the months of August (-7 per cent) and September (-17 per cent), while sales in July were higher than those of the previous\u00a0year (+2 per cent). The drop in sales in August and September corresponds with the implementation of the federal government\u2019s\u00a0new, more restrictive rules governing mortgage loan insurance1. First-time buyers were most likely to be affected by these measures which came into effect on July 9.<\/p>\n

Widespread Decrease in Sales<\/h3>\n

Sales decreased for all three property categories in the Montr\u00e9al area in the third quarter of 2012 compared to the third quarter of\u00a02011. Sales of single-family homes (4,167 transactions)\u00a0registered the smallest decrease at 6 per cent, while\u00a0condominium sales fell by 9 per cent (2,290 transactions). The 711 plex transactions concluded in the third quarter of 2012 represent a 13 per cent decrease in sales and the worst third\u00a0quarter result since 2000.<\/p>\n

Prices Continue to Increase<\/h3>\n

Despite the widespread drop in sales, property prices continued to climb in the Montr\u00e9al CMA, but at a slower pace for\u00a0condominiums which posted the most modest price increase\u00a0since the fourth quarter of 2008. The median price of\u00a0condominiums grew by 2 per cent to reach $230,000, that of\u00a0single-family homes grew by 3 per cent to reach $277,750 and\u00a0that of plexes increased by 5 per cent to reach $425,000.<\/p>\n

Source :\u00a0http:\/\/www.fciq.ca\/pdf\/Barometre_MLS\/bar_2012_q3_mtl_a.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fewer Buyers and More Sellers There were 7,175 residential sales transactions concluded\u00a0through a real estate broker in the Montr\u00e9al Census Metropolitan\u00a0Area (CMA) in the third quarter of 2012. This represents a 7 per\u00a0cent decrease compared to the 7,755 sales concluded in the third\u00a0quarter of 2011 and the first decrease in sales after four quarterly increases. … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":422,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[61,58,60],"tags":[9,63,17,14,36,16,10],"class_list":["post-421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info","category-real-estate-2","category-statistique-2","tag-mls","tag-montreal","tag-mortgage-rate","tag-news","tag-plex","tag-real-estate","tag-transaction"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.olgaouspenski.net\/blogwp1\/wp-content\/uploads\/2012\/11\/stat-mls-3-q-eng.jpg?fit=517%2C399&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1UEHj-6N","_links":{"self":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/comments?post=421"}],"version-history":[{"count":4,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/421\/revisions"}],"predecessor-version":[{"id":425,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/421\/revisions\/425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/media\/422"}],"wp:attachment":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/media?parent=421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/categories?post=421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/tags?post=421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}