{"id":729,"date":"2013-01-23T23:22:56","date_gmt":"2013-01-24T04:22:56","guid":{"rendered":"http:\/\/www.olgaouspenski.net\/?p=729"},"modified":"2013-01-23T23:22:56","modified_gmt":"2013-01-24T04:22:56","slug":"two-phases-to-the-montreal-area-real-estate-market-in-2012","status":"publish","type":"post","link":"https:\/\/www.olgaouspenski.net\/blogwp1\/two-phases-to-the-montreal-area-real-estate-market-in-2012\/","title":{"rendered":"Two Phases to the Montr\u00e9al Area Real Estate Market in 2012"},"content":{"rendered":"

\"croissance\"<\/a>\u00cele-des-S\u0153urs, January 22, 2012 \u2013 According to the real estate brokers\u2019 provincial database, there were 40,133 residential sales transactions in the Montr\u00e9al Metropolitan Area in 2012, a 1 per cent decrease compared to last year, indicated the Qu\u00e9bec Federation of Real Estate Boards (QFREB).<\/p>\n

After a strong start to the year, real estate activity slowed significantly. The decrease in sales in the third quarter (-8 per cent) and fourth quarter (-15 per cent) of the year completely erased the gains posted in the first (+4 per cent) and second quarter (+10 per cent). \u201cThe more restrictive mortgage rules that came into force in July were a turning point and the impact was immediately felt in terms of real estate activity,\u201d said Diane M\u00e9nard, Vice-President of the Greater Montr\u00e9al Real Estate Boards (GMREB) Board of Directors and spokesperson for the Qu\u00e9bec Federation of Real Estate Boards (QFREB) for the Montr\u00e9al area. \u201cThe impact was particularly strong on the condominium market, where there are many first-time buyers,\u201d she added.<\/p>\n

The 1 per cent increase in single-family home sales in 2012 was not enough to offset the 2 per cent decrease in condominium sales and the 4 per cent drop in plex sales. \u201cWe became accustomed to seeing record-setting condominium sales year after year, but in 2012 sales fell for the first time since 1995,\u201d said Paul Cardinal, Manager, Market Analysis, at the QFREB.<\/p>\n

By geographic area, the number of transactions in 2012 decreased by 4 per cent on the Island of Montr\u00e9al and by 2 per cent in Vaudreuil-Soulanges compared to 2011. On the other hand, sales on both the North Shore and South Shore grew by 3 per cent, while sales in Laval remained stable (0 per cent).<\/p>\n

Property prices in the Montr\u00e9al Metropolitan Area increased by 3 per cent for single-family homes, 3 per cent for condominiums and 4 per cent for plexes in 2012. All of these price increases were slightly smaller than those observed in recent years.<\/p>\n

The number of properties for sale increased (+10 per cent) for a second consecutive year in the Montr\u00e9al Metropolitan Area. The largest increase in supply was for condominiums (+19 per cent), to the extent that market conditions for this property category relaxed significantly in recent months. In fact, the condominium market has become balanced across the metropolitan area for the first time since 1999.<\/p>\n

Sharp Decrease in Sales in Fourth Quarter<\/span><\/h4>\n

Sales in the Montr\u00e9al CMA fell by 15 per cent in the fourth quarter of 2012. The 7,501 transactions concluded between October and December represent the lowest fourth quarter sales result since 2008. The decrease in condominium sales reached 20 per cent in the fourth quarter of last year.<\/p>\n

SOURCE :\u00a0http:\/\/www.cigm.qc.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00cele-des-S\u0153urs, January 22, 2012 \u2013 According to the real estate brokers\u2019 provincial database, there were 40,133 residential sales transactions in the Montr\u00e9al Metropolitan Area in 2012, a 1 per cent decrease compared to last year, indicated the Qu\u00e9bec Federation of Real Estate Boards (QFREB). After a strong start to the year, real estate activity slowed … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1,61,58,60,59],"tags":[47,15,14,16,48],"class_list":["post-729","post","type-post","status-publish","format-standard","hentry","category-immobilier","category-info","category-real-estate-2","category-statistique-2","category-tendances","tag-analyse-marche-residentiel","tag-les-prix-de-limmobilier","tag-news","tag-real-estate","tag-statistique"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1UEHj-bL","_links":{"self":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/729","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=729"}],"version-history":[{"count":2,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/729\/revisions"}],"predecessor-version":[{"id":731,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/729\/revisions\/731"}],"wp:attachment":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/media?parent=729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/categories?post=729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/tags?post=729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}