The first quarter of 2012 saw home prices climb in Montreal significantly.
In recent months, the average price of a detached single storey rose by 3.5% to $ 286 000. The standard price of a house for his part, rose 4.9% to $ 387 429. Finally, the average cost of a condo is now $ 239 000, up 2.2%.
"The competition for fixed interest rate, at which major financial institutions have engaged in recent months, has greatly contributed to the booming real estate market, said Dominic St-Pierre, Director of Royal LePage Real Estate Services for Quebec . Although the inventory has increased, demand for all types of property continues and this is what explains the steady rise in prices. "
In terms of sales, only detached single storey were down by 13%. Sales of standard two-storey houses and condo for their part, increased by 4.6% and 4.7% respectively.
In recent months, the average price of a detached single storey rose by 3.5% to $ 286 000. The standard price of a house for his part, rose 4.9% to $ 387 429. Finally, the average cost of a condo is now $ 239 000, up 2.2%.
"The competition for fixed interest rate, at which major financial institutions have engaged in recent months, has greatly contributed to the booming real estate market, said Dominic St-Pierre, Director of Royal LePage Real Estate Services for Quebec . Although the inventory has increased, demand for all types of property continues and this is what explains the steady rise in prices. "
In terms of sales, only detached single storey were down by 13%. Sales of standard two-storey houses and condo for their part, increased by 4.6% and 4.7% respectively.
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