Montréal Metropolitan Area MLS Barometer - Residential Highlights Prices Held Their Ground Decrease in Sales Price Increase Reassuring Many Areas Still Seller's
Analysis Prices Held Their Ground While the real estate market in Western Canada's major urban centres suffered greatly as a result of the economic downturn, the Montréal Census Metropolitan Area (CMA) market fared quite well. The only impact felt by the Montréal CMA was a drop in sales, as residential property prices continued to increase. In the first quarter of 2009, buyers benefited from the lowest mortgage s in more than half a century. There were about 36,400 jobs lost in the Montréal area in the first quarter of 2009. Despite this, consumer confidence was growing. In March, 39 per cent of Québecers said that it was a good time to make a major purchase, such as a property. Although far from the consumer confidence levels seen in past years, it was an increase compared to the previous quarter, when it hit a low of 25 per cent. This renewed consumer optimism coincided with the reduction in mortgage s which, in March, averaged 5.55 per cent for a five-year term. In the first quarter of 2009, buyers benefited from the lowest mortgage s in more than half a century. Decrease in Sales There were 9,089 sales transactions in the Montréal CMA in the first quarter of 2009, a 24 per cent decrease compared to the same period last year. However, despite significant drops in January (-37 per cent) and February (-33 per cent), sales did recover in March (-12 per cent), a sign that the market had started to improve since the start of the year. Similar decreases were also experienced in all of the CMAs' major geographic areas in the first quarter of 2009: Island of Montréal (-23 per cent), Laval (-21 per cent), North Shore (-25 per cent), South Shore (-26 per cent) and Vaudreuil-Soulanges (-30 per cent). Sales of single-family homes decreased by 24 per cent, condominiums by 26 per cent and plexes by 21 per cent, compared to the first quarter of 2008. Only three areas boasted an increase in sales: single-family homes in Rosemont/Villeray (+5 per cent) and Anjou/Saint-Léonard (+5 per cent), as well as plexes in Plateau-Mont-Royal (+16 per cent). Price Increase Reassuring Property prices continued to grow throughout the Montréal Metropolitan Area, despite a slowdown in sales. Single-family home median prices increased by 2 per cent compared to the same period last year, reaching $225,000 in the first quarter of 2009. s had the largest price increase, at 4 per cent, reaching a median price of $184,500, while the median price of plexes continued to grow at a of 2 per cent, hitting $337,000. (+13 per cent) in the median price of condominiums took place in the Centre of the North Shore area. The smallest price increase was on the Island of Montréal. Only the median price of condominiums increased, by 5 per cent. The median price of single-family homes and plexes on the Island remained stable at $285,000 and $349,000, respectively. Many Areas Still Seller's The number of active listings increased for all property categories in the Montréal CMA. They increased by 11 per cent on the Island of Montréal, and by 18 per cent in Laval, the North Shore and the South Shore. This was caused by properties taking a longer time to sell, rather than an increase in the number of new listings. In fact, the number of new listings throughout the Montréal region decreased at a of 4 to 5 per cent, while the sales time for single-family homes increased by 10 days, condominiums by 3 days, and plexes by 8 days. Active listings for single-family homes increased by 19 per cent in the Montréal Metropolitan Area the most significant increase while active listings for plexes increased by 9 per cent and condominiums by 10 per cent compared to the start of 2008. This did not include the inventory of approximately 1,600 newly built condominium units which remained unoccupied 1, and competed with the condominium resale market. Overall, market remained relatively balanced. Overall, market remained relatively balanced. For example, the plex and condominium markets were balanced, as the absorption stood between 8 to 9 months 2. In contrast, the single-family homes' inventory was absorbed a little faster. In fact, it was still a seller's market for single-family homes on the Island of Montréal, in Laval and on the South Shore. The North Shore and Vaudreuil-Soulanges were the only areas that experienced a balanced market, but they also had the lowest median price. In the Montréal CMA, it was apparent that property values influenced market. It was a seller's market for those single-family homes in a more affordable price range, but it was a buyer's market for properties in a higher price range. For example, on the Island of Montréal and on the South Shore, it was a buyer's market for properties priced at $400,000 or more. And in Laval, the North Shore and Vaudreuil-Soulanges, it was a buyer's market for single-family homes priced at $300,000 or more. Property prices continued to grow throughout the Montréal Metropolitan Area, despite a slowdown in sales. Single-family home prices increased the most in Mercier/Hochelaga-Maisonneuve (+17 per cent) and Anjou/ Saint-Léonard (+11 per cent). A considerable increase 1 Source: CMHC 2 See the "" section. 1
Economic Indicators Mortgage s (3) Level Variation (1) Trend (2) 1-year term 4.8% -1.3-2.4 3-year term 5.2% -1.6-2.1 5-year term 5.7% -1.3-1.6 Inflation (Canada) (1) Variation from previous quarter (2) Variation from the same quarter one year ago (3) Administd s of Canadian chartered banks (4) Measure used by the Bank of Canada to guide its decisions (5) Proportion of people who responded yes to this question (6) Seasonally adjusted (7) The total also includes co-operative housing Sources : Statistics Canada, Conference Board and CMHC Level Overall 1.2% -0.7 Reference (4) 1.9% -0.2 Consumer confidence level (Québec province) Overall 70-1 -25 Good time to make a major purchase (5) 32% 6-17 Labour market (Montréal census metropolitan area) Level Niveau Employment (in thousands) (6) 1,868.2-36.4-38.9 Unemployment (6) 8.6% 1.1 1.4 Housing starts (Montréal census metropolitan area) Total (7) 3,753 N/A -31% Single-Family 1,185 N/A -35% 1,417 N/A -30% Rental 790 N/A -44% Level Variation (1) Trend (2) N/A N/A Variation (1) Trend (2) Variation (1) Tendance (2) Variation (1) Trend (2) Note : Green arrows indicate good news and red arrows indicate bad news. The arrows indicate stability. Monthly evolution of mortgage s 5-year term % 8 7,5 7 6,5 6 5,5 5 2006.06 2006.09 2006.12 2007.03 2007.06 2007.09 2007.12 2008.03 2008.06 2008.09 2008.12 2009.03 Source : Statistics Canada 2
Boundary of the Montréal Census Metropolitan Area*(CMA) Click on the name of the desired large area in order to access the map and related data *Statistics Canada definition, 2006 census (1) - No MLS data available for Kanesatake and Kahnawake 2009 Québec Federation of Real Estate Boards. All rights reserved. This map is protected by copyright and is the property of the Québec Federation of Real Estate Boards. Any use of this map, in whole or in part, directly or indirectly, is expressly prohibited, unless prior written authorization is obtained from the copyright owner. 3
List of Areas Montréal Metropolitan Area Click on the desired area in order to access the map and related data Island of Montréal Area 1 : West Island Baie-d'Urfé, Beaconsfield, Dollard-des-Ormeaux, Dorval, Kirkland, L'Île-Bizard/Sainte-Geneviève, L'Île-Dorval, Pierrefonds-Roxboro, Pointe-Claire, Sainte-Anne-de-Bellevue, Senneville Area 2 : Saint-Laurent/Ahuntsic Ahuntsic-Cartierville (Montréal), Saint-Laurent (Montréal) Area 3 : South-West of the Island Lachine (Montréal), LaSalle (Montréal), Le Sud-Ouest (Montréal), Verdun (Montréal) Area 4 : CDN/NDG/CSL Côte-des-Neiges/Notre-Dame-de-Grâce (Montréal), Côte-Saint-Luc Area 5 : Centre Hampstead, Île-des-Sœurs (Montréal), Montréal-Ouest, Mont-Royal, Outremont (Montréal), Westmount Area 6 : Ville-Marie Ville-Marie (Montréal) Area 7 : Le Plateau Le Plateau-Mont-Royal (Montréal) Area 8 : Rosemont/Villeray Rosemont/La Petite-Patrie (Montréal), Villeray/Saint-Michel/Parc-Extension (Montréal) Area 9 : Mercier/Hochelaga-Maisonneuve Mercier/Hochelaga-Maisonneuve (Montréal) Area 10 : Anjou/Saint-Léonard Anjou (Montréal), Saint-Léonard (Montréal) Area 11 : Eastern Tip of the Island Montréal-Est, Montréal-Nord (Montréal), Rivière-des-Prairies/Pointe-aux-Trembles (Montréal) Laval Area 12 : West of Laval Chomedey, Fabreville, Laval-Ouest, Laval-sur-le-Lac, Sainte-Dorothée, Sainte-Rose Area 13 : East of Laval Auteuil, Duvernay, Laval-des-Rapides, Pont-Viau, Saint-François, Saint-Vincent-de-Paul, Vimont North Shore Area 14 : West of the North Shore Deux-Montagnes, Mirabel, Oka, Pointe-Calumet, Sainte-Marthe-sur-le-Lac, Saint-Eustache, Saint-Joseph-du-Lac, Saint-Placide Area 15 : Centre of the North Shore Blainville, Boisbriand, Lorraine, Rosemère, Sainte-Thérèse Area 16 : Terrebonne/Mascouche Bois-des-Filion, Mascouche, Terrebonne, Sainte-Anne-des-Plaines Area 17 : East of the North Shore Charlemagne, L'Assomption, Lavaltrie, L'Épiphanie, Repentigny, Saint-Sulpice Area 18 : Saint-Jérôme Gore, Saint-Colomban, Saint-Jérôme Vaudreuil-Soulanges Area 19 : Vaudreuil-Soulanges Côteau-du-Lac, Hudson, Les Cèdres, Les Coteaux, L'Île-Cadieux, L'Île-Perrot, Notre-Dame-de-l'Île-Perrot, Pincourt, Pointe-des-Cascades, Saint-Lazare, Saint-Zotique, Terrasse-Vaudreuil, Vaudreuil-Dorion, Vaudreuil-sur-le-Lac South Shore Area 20 : Châteauguay Beauharnois, Châteauguay, Léry, Mercier, Saint-Isidore Area 21 : South-West of the South Shore Delson, Saint-Constant, Sainte-Catherine, Saint-Mathieu, Saint-Philippe Area 22 : Centre of the South Shore Brossard, Saint-Lambert, Candiac, La Prairie Area 23 : Longueuil Longueuil Area 24 : Boucherville/Saint-Bruno Boucherville, Saint-Bruno-de-Montarville Area 25 : Sainte-Julie/Varennes Varennes, Verchères, Saint-Amable, Sainte-Julie Area 26 : Beloeil/Mont-Saint-Hilaire Beloeil, McMasterville, Mont-Saint-Hilaire, Otterburn Park, Saint-Basile-le-Grand, Saint-Mathieu-de-Beloeil Area 27 : Chambly Carignan, Chambly, Richelieu, Saint-Mathias-sur-Richelieu 4
Evolution 45,000 Evolution of MLS Sales Montréal Metropolitan Area 40,000 35,000 30,000 25,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 Evolution of Conditions - Single-Family Montréal Metropolitan Area 9 8 7 6 5 4 3 2 1 0 Lower than 8: seller s market Between 8-10: balanced market Higher than 10: buyer s market 2000 2001 2002 2003 2004 2005 2006 2007 2008 Evolution of the Median Price - Single-Family Montréal Metropolitan Area $ 240,000 220,000 200,000 180,000 160,000 140,000 120,000 100,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 18% 16% 14% Rate of Change in the Median Price - Montréal Metropolitan Area 13% 17% 14% 12% 10% 9% 10% 8% 6% 4% 2% 4% 7% 5% 0% 2001 2002 2003 2004 2005 2006 2007 2008 5
Montréal Metropolitan Area Sales 9,089-24% New Listings 22,033-5% Active Listings 27,658 15% Volume (in thousand $) 2,309,105-22% Sales 37,556-13% New Listings 73,711 3% Active Listings 24,121 13% Volume (in thousand $) 9,814,905-10% Sociodemographic Profile of the Montréal CMA Population in 2006 3,635,571 Population change between 2001 and 2006 5.3% Number of households in 2006 1,525,629 Population density per square kilometre 854 Proportion of owners 53% Proportion of renters 47% Source : Statistics Canada, 2006 Census Sales 5,649-24% 22,522-15% Active Listings 16,053 19% 13,745 17% Median Price $225,000 2% $228,000 4% 47% Average Price $257,659 2% $265,495 3% 41% Average Days (days) 77 10 69 1 Sales 2,523-26% 10,665-9% Active Listings 8,150 10% 7,209 5% Median Price $184,500 4% $188,000 4% 30% Average Price $214,628 3% $218,590 2% 27% Average Days (days) 88 3 84-3 Sales 913-21% 4,326-12% Active Listings 3,382 9% 3,099 14% Median Price $337,000 2% $338,000 5% 50% Average Price $343,761 0% $345,605 3% 47% Average Days (days) 80 8 74 6 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 2,797 611 4.6 S 200 to 299 5,589 839 6.7 S 300 to 399 2,536 248 10.2 B 400 to 499 1,032 83 12.5 B 500 and more 1,791 96 18.6 B 6
Island of Montréal Click on the sector number in order to access the associated page. Sales 3,379-23% New Listings 8,393-5% Active Listings 10,299 11% Volume (in thousand $) 1,028,687-22% Sales 14,600-13% New Listings 28,614 1% Active Listings 9,275 9% Volume (in thousand $) 4,588,621-11% Sales 1,157-19% 4,761-16% Active Listings 3,116 21% 2,731 18% Median Price $285,000 0% $292,000 4% 36% Average Price $351,327-2% $372,951 3% 34% Average Days (days) 72 14 63 1 Sales 1,528-27% 6,615-11% Active Listings 4,783 4% 4,356 1% Median Price $215,000 5% $217,500 4% 29% Average Price $244,344 4% $247,743 2% 25% Average Days (days) 89 0 86-3 Sales 694-18% 3,224-11% Active Listings 2,401 11% 2,188 15% Median Price $349,000 0% $350,000 4% 46% Average Price $359,109-2% $364,647 3% 46% Average Days (days) 79 7 73 6 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 1,563 226 6.9 S 200 to 299 1,494 206 7.3 S 300 to 399 620 75 8.3 BA 400 to 499 278 23 12.3 B 500 and more 400 22 17.9 B 7
Area 1 : West Island Sales 565-27% New Listings 1,371-8% Active Listings 1,427 6% Volume (in thousand $) 171,786-26% Sales 2,389-20% New Listings 4,532-3% Active Listings 1,298 5% Volume (in thousand $) 743,389-15% Sales 453-24% 1,884-19% Active Listings 1,115 16% 995 14% Median Price $285,000 0% $285,000 4% 33% Average Price $328,494 0% $338,505 5% 35% Average Days (days) 64 17 56 3 Sales 104-38% 453-26% Active Listings 275-15% 264-18% Median Price $183,500 5% $179,365 4% 36% Average Price $197,422 1% $196,426 3% 38% Average Days (days) 87-7 88 3 Sales 8 52 11% Active Listings 37 39-5% Median Price ** $318,250 2% 38% Average Price ** $328,396-3% 38% Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 34 10 3.5 S 200 to 299 325 79 4.1 S 300 to 399 235 38 6.2 S 400 to 499 125 15 8.5 BA 500 and more 276 16 17.5 B 8
Area 2 : Saint-Laurent/Ahuntsic Sales 331-31% New Listings 858 1% Active Listings 1,107 17% Volume (in thousand $) 104,983-25% Sales 1,473-17% New Listings 2,855 2% Active Listings 969 6% Volume (in thousand $) 466,257-12% Sales 109-24% 452-19% Active Listings 324 39% 263 23% Median Price $354,000 11% $348,250 9% 45% Average Price $389,819 12% $381,101 8% 42% Average Days (days) 74 17 62-5 Sales 143-41% 664-21% Active Listings 498 0% 462-9% Median Price $215,000 10% $215,000 5% 27% Average Price $221,877 4% $228,386 6% 28% Average Days (days) 111-24 107-13 Sales 79-17% 357-6% Active Listings 285 32% 245 26% Median Price $388,900 0% $390,000 1% 38% Average Price $389,424-3% $398,742 0% 38% Average Days (days) 102 19 83 13 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 182 23 8.0 BA 200 to 249 128 16 7.9 S 250 to 299 80 8 9.6 BA 300 and more 72 8 8.8 BA 9
Area 3 : South-West of Island Sales 443-20% New Listings 1,038-7% Active Listings 1,283 11% Volume (in thousand $) 115,415-18% Sales 1,864-13% New Listings 3,535-1% Active Listings 1,144 11% Volume (in thousand $) 492,907-10% Sales 91-7% 339-17% Active Listings 201 32% 182 27% Median Price $265,000 0% $279,000 7% 48% Average Price $280,390 5% $288,045 7% 45% Average Days (days) 77 29 61 1 Sales 210-25% 903-7% Active Listings 599 10% 519 7% Median Price $208,000 9% $209,000 7% 37% Average Price $224,189 6% $222,554 4% 36% Average Days (days) 84 3 77-10 Sales 142-19% 622-18% Active Listings 483 5% 443 12% Median Price $302,250-4% $317,000 6% 55% Average Price $303,125-4% $313,212 4% 49% Average Days (days) 81 19 71 3 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 223 33 6.7 S 200 to 249 146 22 6.5 S 250 to 299 79 10 7.8 S 300 and more 71 10 7.5 S 10
Area 4 : CDN/NDG/CSL Sales 215-27% New Listings 601-6% Active Listings 760 20% Volume (in thousand $) 77,898-29% Sales 1,031-12% New Listings 2,134 5% Active Listings 675 14% Volume (in thousand $) 378,641-10% Sales 61-23% 287-15% Active Listings 177 50% 148 22% Median Price $417,000-2% $410,000 1% 24% Average Price $440,615-10% $466,812 3% 28% Average Days (days) 69 8 55-8 Sales 111-31% 532-8% Active Listings 454 15% 399 15% Median Price $258,000-2% $250,000-5% 8% Average Price $286,911 0% $280,006-1% 9% Average Days (days) 88 14 77 4 Sales 43-23% 212-14% Active Listings 129 5% 128 2% Median Price $440,000 11% $435,000 13% 38% Average Price $440,000 0% $449,401 9% 34% Average Days (days) 74 1 68 1 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 112 13 8.9 BA 200 to 299 131 17 7.7 S 300 to 399 73 8 8.7 BA 400 and more 83 6 12.9 B 11
Area 5 : Centre Sales 198-32% New Listings 623-3% Active Listings 854 20% Volume (in thousand $) 111,460-35% Sales 988-18% New Listings 2,142 1% Active Listings 783 17% Volume (in thousand $) 580,428-18% Sales 81-30% 412-20% Active Listings 358 39% 315 34% Median Price $800,000 3% $759,500 2% 30% Average Price $809,315-7% $860,412 0% 30% Average Days (days) 79 1 77-2 Sales 109-31% 539-16% Active Listings 466 9% 437 8% Median Price $335,000 5% $335,000 6% 26% Average Price $377,702 1% $377,386 4% 28% Average Days (days) 85 2 91 11 Sales 8 37-34% Active Listings 31 30-7% Median Price ** $628,000 7% 35% Average Price ** $625,135 0% 33% Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 24 2 10.1 B 200 to 299 103 14 7.3 S 300 to 399 118 15 8.1 BA 400 to 499 76 7 10.7 B 500 and more 116 8 14.7 B 12
Area 6 : Ville-Marie Sales 237-14% New Listings 793 8% Active Listings 1,001 15% Volume (in thousand $) 75,573-10% Sales 1,086-10% New Listings 2,596 3% Active Listings 890 2% Volume (in thousand $) 350,930-13% Sales 12 39-33% Active Listings 53 47 13% Median Price ** $499,000-3% 33% Average Price ** $623,038-8% 20% Average Days (days) Sales 202-16% 929-11% Active Listings 858 15% 755 1% Median Price $262,000 7% $260,000 3% 17% Average Price $309,717 4% $311,347-1% 14% Average Days (days) 87 2 86-19 Sales 23 118 7% Active Listings 89 88 11% Median Price ** $275,000-8% 46% Average Price ** $318,173-1% 44% Average Days (days) 89 26 80 14 Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 110 19 5.9 S 200 to 299 224 30 7.4 S 300 to 399 152 15 10.4 B 400 to 499 77 6 12.9 B 500 and more 193 9 22.7 B 13
Area 7 : Le Plateau Sales 218-11% New Listings 545 2% Active Listings 541 15% Volume (in thousand $) 68,298-5% Sales 940-10% New Listings 1,862 12% Active Listings 495 15% Volume (in thousand $) 293,603-5% Sales 10 56-28% Active Listings 27 28 36% Median Price ** $474,000 8% 52% Average Price ** $512,313 15% 52% Average Days (days) Sales 172-15% 732-9% Active Listings 404 15% 366 11% Median Price $249,000-2% $255,000 4% 36% Average Price $259,473 0% $265,061 4% 36% Average Days (days) 58 0 59-9 Sales 36 16% 152-1% Active Listings 110 16% 102 29% Median Price $485,000 14% $436,250 0% 45% Average Price $510,575 9% $466,377 2% 48% Average Days (days) 51-15 60 8 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 74 13 5.7 S 200 to 299 161 31 5.2 S 300 to 399 79 14 5.6 S 400 and more 52 3 16.4 B 14
Area 8 : Rosemont/Villeray Sales 414-17% New Listings 802-8% Active Listings 884 0% Volume (in thousand $) 118,435-13% Sales 1,668-10% New Listings 2,793-2% Active Listings 802 2% Volume (in thousand $) 490,689-6% Sales 58 5% 190-10% Active Listings 81-1% 76 10% Median Price $232,500-1% $235,750-6% 42% Average Price $234,679-6% $251,755-3% 38% Average Days (days) 63-11 66 9 Sales 181-26% 658-10% Active Listings 299-16% 280-13% Median Price $217,798 12% $210,000 5% 25% Average Price $229,722 9% $225,332 6% 29% Average Days (days) 60-9 70-8 Sales 175-12% 820-9% Active Listings 504 12% 446 12% Median Price $359,500 4% $350,000 5% 50% Average Price $362,495 1% $359,484 4% 50% Average Days (days) 63-3 63-2 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 113 23 4.9 S 200 to 249 83 15 5.4 S 250 to 299 47 9 5.1 S 300 and more 37 7 5.1 S 15
Area 9 : Mercier/Hochelaga-Maisonneuve Sales 263-23% New Listings 585-12% Active Listings 780 9% Volume (in thousand $) 64,731-21% Sales 1,113-6% New Listings 2,052 0% Active Listings 717 10% Volume (in thousand $) 277,061-3% Sales 47-10% 193-4% Active Listings 84 3% 73-1% Median Price $278,000 17% $250,000 11% 53% Average Price $267,844 6% $252,621 8% 52% Average Days (days) 69 14 66 2 Sales 119-29% 507 1% Active Listings 400 5% 369 6% Median Price $180,206 0% $180,000 4% 29% Average Price $183,984 1% $182,276 3% 32% Average Days (days) 151 31 120 21 Sales 97-20% 413-13% Active Listings 296 16% 275 19% Median Price $310,000-2% $325,000 5% 55% Average Price $311,838-2% $329,033 4% 50% Average Days (days) 69 1 69 3 Evolution of Conditions Table 3 - Conditions by Price Range Less than 150 54 9 6.2 S 150 to 199 202 21 9.9 BA 200 to 249 72 9 7.9 S 250 and more 41 4 9.5 BA 16
Area 10 : Anjou/Saint-Léonard Sales 127-12% New Listings 312-9% Active Listings 419 5% Volume (in thousand $) 38,900-12% Sales 559-3% New Listings 1,083 3% Active Listings 373 13% Volume (in thousand $) 176,323-2% Sales 39 5% 159-1% Active Listings 93-3% 85 5% Median Price $315,000 11% $305,000 5% 42% Average Price $330,370 10% $317,493 2% 38% Average Days (days) 82 19 79 6 Sales 57-15% 219-2% Active Listings 173 7% 161 11% Median Price $180,000-3% $195,000 5% 35% Average Price $200,777 1% $204,534 2% 38% Average Days (days) 92 2 84-11 Sales 31-24% 181-7% Active Listings 153 10% 128 23% Median Price $450,000-3% $432,500 3% 39% Average Price $470,032-2% $447,782 2% 37% Average Days (days) 95 0 80 16 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 64 10 6.7 S 200 to 249 48 5 9.0 BA 250 to 299 22 3 8.9 BA 300 and more 26 2 14.0 B 17
Area 11 : Eastern Tip of the Island Sales 368-22% New Listings 865-10% Active Listings 1,242 5% Volume (in thousand $) 81,208-21% Sales 1,489-11% New Listings 3,030 0% Active Listings 1,130 14% Volume (in thousand $) 338,395-9% Sales 196-19% 750-12% Active Listings 603 17% 521 17% Median Price $225,000 3% $227,000 4% 46% Average Price $236,322 3% $238,993 4% 46% Average Days (days) 84 9 76-1 Sales 120-26% 479-7% Active Listings 356-12% 344 4% Median Price $156,500 4% $156,000 3% 36% Average Price $157,610 3% $159,846 2% 38% Average Days (days) 110 16 101 23 Sales 52-26% 260-14% Active Listings 283 7% 265 24% Median Price $315,000-2% $320,000 2% 44% Average Price $309,660-3% $317,979 0% 42% Average Days (days) 111 25 94 20 Evolution of Conditions Buyer s market Table 3 - Conditions by Price Range Less than 200 81 18 4.5 S 200 to 249 130 24 5.4 S 250 to 299 126 13 10.0 BA 300 and more 184 8 24.0 B 18
Laval Click on the sector number in order to access the associated page. Sales 1,046-21% New Listings 2,514-5% Active Listings 3,244 18% Volume (in thousand $) 246,200-20% Sales 4,294-10% New Listings 8,518 5% Active Listings 2,778 16% Volume (in thousand $) 1,037,921-7% Sales 801-17% 3,207-9% Active Listings 2,183 20% 1,864 19% Median Price $231,386 3% $232,000 5% 49% Average Price $244,776 2% $250,538 4% 50% Average Days (days) 77 10 68 2 Sales 206-30% 834-9% Active Listings 787 17% 670 8% Median Price $166,000 1% $169,000 3% 36% Average Price $180,744 2% $180,829 2% 37% Average Days (days) 90 7 83 2 Sales 39-46% 252-21% Active Listings 269 5% 240 16% Median Price $365,000 17% $333,500 3% 46% Average Price $346,115 11% $332,853 3% 47% Average Days (days) 76 11 79 12 Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 255 66 3.8 S 200 to 299 916 153 6.0 S 300 to 399 405 34 11.9 B 400 to 499 122 9 13.9 B 500 and more 167 6 28.7 B 19
Area 12 : West of Laval Sales 619-20% New Listings 1,495-3% Active Listings 1,914 18% Volume (in thousand $) 143,566-20% Sales 2,544-12% New Listings 5,030 3% Active Listings 1,624 12% Volume (in thousand $) 616,230-9% Sales 470-17% 1,903-12% Active Listings 1,264 20% 1,071 15% Median Price $230,000 2% $232,500 5% 48% Average Price $245,027 1% $252,995 4% 52% Average Days (days) 78 10 68 2 Sales 135-23% 532-10% Active Listings 532 15% 447 5% Median Price $170,000 2% $172,500 5% 38% Average Price $181,347 0% $185,801 2% 38% Average Days (days) 95 7 86 2 Sales 14 108-19% Active Listings 115 103 14% Median Price ** $331,000 9% 43% Average Price ** $335,359 6% 40% Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 141 40 3.5 S 200 to 299 523 87 6.0 S 300 to 399 258 23 11.2 B 400 and more 150 8 18.1 B 20
Area 13 : East of Laval Sales 427-23% New Listings 1,019-7% Active Listings 1,329 19% Volume (in thousand $) 102,634-19% Sales 1,750-6% New Listings 3,488 8% Active Listings 1,154 22% Volume (in thousand $) 421,691-3% Sales 331-16% 1,304-4% Active Listings 919 21% 793 25% Median Price $233,500 3% $230,000 3% 48% Average Price $244,422 2% $246,959 5% 47% Average Days (days) 76 10 68 2 Sales 71-39% 302-7% Active Listings 255 22% 222 15% Median Price $165,000 1% $165,000 3% 38% Average Price $179,582 6% $172,043 2% 36% Average Days (days) 80 3 79 1 Sales 25 144-21% Active Listings 153 137 18% Median Price ** $336,500 2% 50% Average Price ** $330,974 1% 52% Average Days (days) 84 21 77 18 Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 113 26 4.3 S 200 to 299 393 65 6.0 S 300 to 399 147 11 13.3 B 400 and more 139 6 23.8 B 21
North Shore Click on the sector number in order to access the associated page. Sales 2,072-25% New Listings 5,064-4% Active Listings 6,755 18% Volume (in thousand $) 431,698-24% Sales 8,263-14% New Listings 16,765 6% Active Listings 5,893 19% Volume (in thousand $) 1,744,178-12% Sales 1,731-26% 6,786-17% Active Listings 5,450 19% 4,688 19% Median Price $199,000 3% $198,000 4% 47% Average Price $213,682 1% $216,609 3% 45% Average Days (days) 82 8 76 2 Sales 263-19% 1,081 2% Active Listings 961 15% 878 24% Median Price $145,000 4% $145,000 4% 38% Average Price $153,044 4% $151,451 2% 35% Average Days (days) 94 3 93-6 Sales 74-16% 369-3% Active Listings 303 11% 286 14% Median Price $299,500 8% $275,000 3% 56% Average Price $281,443 4% $274,430 3% 54% Average Days (days) 87 4 81-4 Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 1,484 288 5.2 S 200 to 299 2,004 217 9.3 BA 300 to 399 654 44 14.9 B 400 to 499 232 9 25.4 B 500 and more 314 8 39.6 B 22
Area 14 : West of the North Shore Sales 435-28% New Listings 1,014 0% Active Listings 1,196 19% Volume (in thousand $) 86,858-26% Sales 1,721-14% New Listings 3,205 4% Active Listings 1,016 14% Volume (in thousand $) 345,690-10% Sales 375-31% 1,469-16% Active Listings 1,000 20% 831 14% Median Price $195,000 3% $192,200 4% 48% Average Price $201,080 2% $202,935 5% 50% Average Days (days) 72 11 68 3 Sales 43-16% 186 3% Active Listings 118 5% 106 11% Median Price $148,000 2% $150,000 6% 34% Average Price $154,681 5% $154,289 4% 33% Average Days (days) 88 13 76 7 Sales 15 50 D 0% Active Listings 57 58 22% Median Price ** $283,500-1% 78% Average Price ** $261,939-1% 53% Average Days (days) 89 33 96 7 Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 296 68 4.3 S 200 to 249 237 33 7.1 S 250 to 299 145 13 11.5 B 300 and more 153 8 18.5 B 23
Area 15 : Centre of the North Shore Sales 354-32% New Listings 893-4% Active Listings 1,232 18% Volume (in thousand $) 90,761-31% Sales 1,560-14% New Listings 3,132 7% Active Listings 1,085 21% Volume (in thousand $) 414,463-13% Sales 280-36% 1,253-19% Active Listings 977 17% 836 16% Median Price $240,000 D 0% $244,950 1% 40% Average Price $268,537 1% $277,254 1% 37% Average Days (days) 74 1 71-5 Sales 53-13% 208 12% Active Listings 200 34% 196 51% Median Price $176,000 13% $169,000 6% 46% Average Price $186,074 7% $179,821 3% 44% Average Days (days) 93 25 90 10 Sales 21 99 36% Active Listings 55 53 17% Median Price ** $305,000 7% 53% Average Price ** $304,451 8% 51% Average Days (days) 87 6 73-17 Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 99 25 4.0 S 200 to 299 291 50 5.8 S 300 to 399 179 18 9.7 BA 400 to 499 85 5 15.8 B 500 and more 182 6 30.8 B 24
Area 16 : Terrebonne/Mascouche Sales 577-25% New Listings 1,401-6% Active Listings 1,855 16% Volume (in thousand $) 119,357-23% Sales 2,262-16% New Listings 4,457 3% Active Listings 1,587 18% Volume (in thousand $) 465,042-12% Sales 504-25% 1,929-18% Active Listings 1,558 21% 1,318 21% Median Price $196,000 4% $195,000 5% 51% Average Price $211,724 4% $209,603 5% 54% Average Days (days) 78 6 76 3 Sales 63-21% 259 11% Active Listings 229-4% 204 8% Median Price $145,500 2% $144,700 0% 34% Average Price $148,934 1% $149,002 2% 31% Average Days (days) 81 2 101-12 Sales 9 68-12% Active Listings 58 57 10% Median Price ** $280,000 D 0% 53% Average Price ** $297,544 3% 60% Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Buyer s market Less than 200 436 85 5.1 S 200 to 249 344 43 7.9 S 250 to 299 242 19 12.9 B 300 and more 296 14 21.7 B 25
Area 17 : East of the North Shore Sales 453-21% New Listings 1,050-6% Active Listings 1,491 24% Volume (in thousand $) 88,143-19% Sales 1,665-18% New Listings 3,489 8% Active Listings 1,292 22% Volume (in thousand $) 324,259-15% Sales 369-20% 1,339-17% Active Listings 1,145 20% 1,013 24% Median Price $194,000 5% $192,000 5% 46% Average Price $203,249 3% $203,155 4% 45% Average Days (days) 96 8 86 5 Sales 77-16% 291-18% Active Listings 283 36% 227 12% Median Price $138,000 4% $137,500 4% 38% Average Price $141,774 3% $142,542 2% 33% Average Days (days) 98-1 87-23 Sales 7 32-44% Active Listings 56 45 30% Median Price ** $329,500 7% 74% Average Price ** $305,612 5% 64% Average Days (days) Evolution of Conditions Buyer s market Table 3 - Conditions by Price Range Less than 200 359 63 5.7 S 200 to 249 284 29 9.7 BA 250 to 299 179 12 14.9 B 300 and more 190 7 27.5 B 26
Area 18 : Saint-Jérôme Sales 253-15% New Listings 706-5% Active Listings 981 14% Volume (in thousand $) 46,578-14% Sales 1,055-5% New Listings 2,482 12% Active Listings 914 22% Volume (in thousand $) 194,724-5% Sales 203-13% 796-9% Active Listings 769 18% 690 18% Median Price $175,900 1% $175,000 3% 45% Average Price $185,325 0% $185,982 2% 50% Average Days (days) 94 19 82 4 Sales 27 137 26% Active Listings 132 145 62% Median Price ** $128,000 3% 33% Average Price ** $129,733-3% 28% Average Days (days) 121-26 119 4 Sales 22 120-4% Active Listings 77 74 1% Median Price ** $234,250 2% 66% Average Price ** $233,704-1% 54% Average Days (days) 88 16 73-10 Evolution of Conditions Buyer s market Table 3 - Conditions by Price Range Less than 200 295 47 6.3 S 200 to 249 176 13 13.4 B 250 to 299 105 4 24.8 B 300 and more 114 3 38.1 B 27
Area 19 : Vaudreuil-Soulanges Sales 403-30% New Listings 1,146 0% Active Listings 1,509 17% Volume (in thousand $) 93,681-29% Sales 1,713-16% New Listings 3,675 4% Active Listings 1,296 11% Volume (in thousand $) 403,263-15% Sales 352-31% 1,490-18% Active Listings 1,332 16% 1,159 10% Median Price $217,500 4% $217,000 2% 38% Average Price $241,205 2% $245,314 2% 35% Average Days (days) 76 4 76 0 Sales 41-21% 183 1% Active Listings 133 19% 104 17% Median Price $155,000 8% $153,000 7% 23% Average Price $155,801 8% $156,690 7% 9% Average Days (days) 82 25 67-3 Sales 10 32-29% Active Listings 29 25 21% Median Price ** $225,000-2% 50% Average Price ** $220,484-7% 38% Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 236 47 5.0 S 200 to 299 461 55 8.3 BA 300 to 399 216 14 15.5 B 400 to 499 98 5 21.9 B 500 and more 148 4 37.1 B 28
South Shore Click on the sector number in order to access the associated page. Sales 2,189-26% New Listings 4,916-5% Active Listings 5,851 18% Volume (in thousand $) 508,839-23% Sales 8,686-12% New Listings 16,139 3% Active Listings 4,880 10% Volume (in thousand $) 2,040,922-8% Sales 1,608-25% 6,278-13% Active Listings 3,972 18% 3,304 14% Median Price $224,000 4% $224,000 5% 51% Average Price $247,527 5% $249,227 5% 50% Average Days (days) 75 11 66 1 Sales 485-25% 1,952-9% Active Listings 1,486 24% 1,202 3% Median Price $162,000 4% $166,000 5% 36% Average Price $173,058 4% $178,797 5% 39% Average Days (days) 81 10 74-3 Sales 96-36% 449-15% Active Listings 380 0% 360 7% Median Price $289,750 6% $281,000 2% 52% Average Price $290,963 3% $283,457 2% 47% Average Days (days) 84 14 80 12 Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 665 170 3.9 S 200 to 299 1,419 248 5.7 S 300 to 399 638 68 9.4 BA 400 to 499 255 22 11.9 B 500 and more 326 16 20.0 B 29
Area 20 : Châteauguay Sales 205-12% New Listings 477-3% Active Listings 669 28% Volume (in thousand $) 38,304-11% Sales 819 1% New Listings 1,656 17% Active Listings 573 41% Volume (in thousand $) 153,143 4% Sales 173-19% 698-5% Active Listings 544 23% 466 36% Median Price $185,000 4% $181,000 3% 45% Average Price $192,172 3% $191,764 4% 50% Average Days (days) 81 9 70 7 Sales 20 75 88% Active Listings 91 72 95% Median Price ** $143,900 0% 14% Average Price ** $143,366 3% 8% Average Days (days) 127 14 114 11 Sales 12 45 13% Active Listings 33 34 26% Median Price ** $182,500 5% 52% Average Price ** $192,311 3% 59% Average Days (days) Evolution of Conditions Buyer s market Table 3 - Conditions by Price Range Less than 200 210 39 5.3 S 200 to 249 116 11 10.5 B 250 to 299 67 5 14.9 B 300 and more 72 4 19.0 B 30
Area 21 : South West of the South Shore Sales 208-24% New Listings 415-1% Active Listings 468 12% Volume (in thousand $) 43,965-18% Sales 745-17% New Listings 1,285-2% Active Listings 371-2% Volume (in thousand $) 153,884-13% Sales 173-26% 625-16% Active Listings 399 18% 317 3% Median Price $213,000 6% $207,000 6% 51% Average Price $220,530 8% $213,610 6% 52% Average Days (days) 86 15 67-4 Sales 29 95-23% Active Listings 52 35-32% Median Price ** $138,000-2% 40% Average Price ** $140,706 0% 34% Average Days (days) 67-4 61-18 Sales 6 24 Active Listings 14 15 Median Price ** ** Average Price ** ** Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 84 22 3.9 S 200 to 249 101 21 4.9 S 250 to 299 62 7 9.5 BA 300 and more 70 4 19.7 B 31
Area 22 : Centre of the South Shore Sales 423-33% New Listings 1,064-6% Active Listings 1,363 16% Volume (in thousand $) 111,759-30% Sales 1,904-11% New Listings 3,595 0% Active Listings 1,127 0% Volume (in thousand $) 503,079-8% Sales 266-34% 1,161-14% Active Listings 733 10% 615 1% Median Price $256,000 2% $265,000 4% 51% Average Price $303,758 5% $306,836 6% 50% Average Days (days) 87 25 74 4 Sales 147-30% 700-4% Active Listings 588 27% 472-1% Median Price $171,000 4% $175,000 5% 33% Average Price $183,985 4% $189,921 4% 31% Average Days (days) 83 11 73-10 Sales 10 43-26% Active Listings 41 39 7% Median Price ** $315,000-2% 35% Average Price ** $323,207 1% 33% Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 42 15 2.7 S 200 to 299 196 43 4.6 S 300 to 399 164 20 8.1 BA 400 to 499 92 11 8.7 BA 500 and more 121 8 15.1 B 32
Area 23 : Longueuil Sales 548-33% New Listings 1,187-6% Active Listings 1,351 19% Volume (in thousand $) 116,925-32% Sales 2,132-19% New Listings 4,018 0% Active Listings 1,127 7% Volume (in thousand $) 465,849-15% Sales 325-35% 1,293-19% Active Listings 689 21% 556 10% Median Price $212,000 3% $212,000 4% 51% Average Price $223,905 3% $224,186 4% 50% Average Days (days) 64 8 56-3 Sales 171-22% 576-18% Active Listings 426 24% 355 3% Median Price $161,000 5% $165,000 8% 41% Average Price $171,571 7% $174,265 7% 48% Average Days (days) 76 11 73 1 Sales 52-49% 263-20% Active Listings 235 4% 216 4% Median Price $297,500 8% $290,000 5% 53% Average Price $295,096 3% $291,664 4% 48% Average Days (days) 75 5 73 3 Evolution of Conditions Buyer s market Table 3 - Conditions by Price Range Less than 200 137 42 3.3 S 200 to 249 192 41 4.7 S 250 to 299 91 13 7.2 S 300 and more 136 12 11.0 B 33
Area 24 : Boucherville/Saint-Bruno Sales 200-12% New Listings 426-1% Active Listings 418 21% Volume (in thousand $) 56,654-7% Sales 801-8% New Listings 1,305 4% Active Listings 335 10% Volume (in thousand $) 231,613-3% Sales 159-10% 618-9% Active Listings 325 25% 259 10% Median Price $260,000 2% $270,000 6% 42% Average Price $304,360 7% $310,047 6% 43% Average Days (days) 57-2 55-7 Sales 40-20% 172-9% Active Listings 88 10% 70 7% Median Price $184,750-1% $210,000 9% 43% Average Price $199,135-1% $211,914 5% 43% Average Days (days) 71 12 61-1 Sales 1 11 Active Listings 5 6 Median Price ** ** Average Price ** ** Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 7 5 1.5 S 200 to 299 88 27 3.2 S 300 to 399 73 12 6.1 S 400 to 499 42 4 10.3 B 500 and more 50 4 12.2 B 34
Area 25 : Sainte-Julie/Varennes Sales 219-23% New Listings 429-9% Active Listings 447 13% Volume (in thousand $) 49,978-20% Sales 838-8% New Listings 1,390 4% Active Listings 362 12% Volume (in thousand $) 193,453-3% Sales 189-20% 702-9% Active Listings 377 20% 297 12% Median Price $224,900 5% $225,000 5% 46% Average Price $236,977 4% $240,679 5% 44% Average Days (days) 62 11 55 3 Sales 29 119 D 0% Active Listings 58 51 13% Median Price ** $165,800 12% 34% Average Price ** $168,287 8% 32% Average Days (days) 84 25 71 11 Sales 1 14 Active Listings 9 11 Median Price ** ** Average Price ** ** Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 63 17 3.7 S 200 to 249 91 22 4.1 S 250 to 299 62 11 5.8 S 300 and more 80 9 9.4 BA 35
Area 26 : Beloeil/Mont-Saint-Hilaire Sales 228-26% New Listings 573-6% Active Listings 713 14% Volume (in thousand $) 55,314-20% Sales 910-12% New Listings 1,788 0% Active Listings 613 13% Volume (in thousand $) 217,432-8% Sales 189-24% 747-11% Active Listings 554 12% 484 17% Median Price $230,000 6% $227,500 4% 52% Average Price $253,347 8% $250,573 6% 53% Average Days (days) 85 3 76 3 Sales 31-40% 136-16% Active Listings 132 31% 105-5% Median Price $157,091-4% $162,750 1% 42% Average Price $170,228 1% $170,458 4% 47% Average Days (days) 88-3 94 4 Sales 8 27 Active Listings 23 22 Median Price ** ** Average Price ** ** Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 66 17 3.9 S 200 to 249 115 20 5.8 S 250 to 299 104 11 9.1 BA 300 and more 199 14 14.2 B 36
Area 27 : Chambly Sales 158-10% New Listings 345-3% Active Listings 422 23% Volume (in thousand $) 35,940-9% Sales 537-11% New Listings 1,102 5% Active Listings 371 29% Volume (in thousand $) 122,470-9% Sales 134-4% 434-14% Active Listings 351 24% 310 35% Median Price $225,000 D 0% $222,000 8% 59% Average Price $237,772-2% $237,834 2% 55% Average Days (days) 87 19 76 9 Sales 18 79 5% Active Listings 50 42 0% Median Price ** $138,000 D 0% 55% Average Price ** $150,792 7% 52% Average Days (days) 86-14 58-28 Sales 6 22 Active Listings 20 18 Median Price ** ** Average Price ** ** Average Days (days) Evolution of Conditions Table 3 - Conditions by Price Range Less than 200 56 13 4.4 S 200 to 249 72 12 6.2 S 250 to 299 62 7 9.2 BA 300 and more 120 6 20.7 B 37
Previous View MLS System The MLS system is the most extensive and current computerized database of real estate transactions. Only real estate agents and brokers who are members of a real estate board have access to it. The MLS system is a collaboration system that follows very specific rules that all real estate agents and brokers adhere to. New Listings The number of new brokerage contracts with a signature date that falls within the targeted period. Active Listings The total number of listings that have an "active" status on the last day of the month. Quarterly and annual data correspond to the average monthly data for the targeted period. Number of Sales Total number of sales during the targeted period. The sale date is the date on which the promise to purchase is accepted, which takes effect once all are met. Volume of Sales Total value of sales, in dollars ($), with a date corresponding to the targeted period. Average Selling Time Average number of days between the sale date and the date the brokerage contract is signed, for a given listing. Rate of Change Due to the seasonal nature of real estate indicators, quarterly s of change are calculated in relation to the same quarter of the previous year. Average Sale Price Average value of sales, in dollars ($), for the targeted period. To obtain a more significant average sale price, some transactions may have been excluded from the calculation. Median Sale Price Median value of sales, in dollars ($), for the targeted period. The median price is that which divides all transactions into two equal parts: 50% of transactions were at a lower price than the median price and the other 50% were at a higher price. In order to obtain a more significant median price, some transactions may have been excluded from the calculation. Same as Active Listings. Same as Number of Sales. Rate The number of months needed to sell the entire inventory of properties for sale. It is obtained by dividing the inventory by the absorption. The absorption is calculated over a 12-month period in order to eliminate fluctuations due to the seasonal nature of listings and sales. For example, if the absorption is six months, this means that it took six months to sell the entire inventory of properties for sale. We can also say that the inventory corresponded to six months of sales. This measure is different than the average selling time. Conditions Caution The average and median property prices indicated in this brochure are based on transactions concluded via the MLS system during the targeted period. They do not necessarily reflect the average or median value of all properties in a sector. Similarly, the evolution of average prices or median prices between two periods does not necessarily reflect the evolution of the value of all properties in a sector. As a result, caution is required when using these statistics, particularly when the number of transactions is low. are based on the absorption. Due to the way the absorption is calculated (see above), market reflect the situation over the past 12 months. If the absorption is between 8 and 10 months, the market is considered balanced, meaning that it does not favour the buyer or the seller. In such a context, the growth in prices should be similar to the level of inflation. If the absorption is less than 8 months, the market is considered a seller's market. In such a context, the growth in prices is normally greater than the level of inflation. If the absorption is greater than 10 months, the market is considered a buyer's market. In such a context, the growth in prices is normally lower than the level of inflation, and may even be negative. About the QFREB The Québec Federation of Real Estate Boards (QFREB) is a non-profit organization that oversees the twelve provincial real estate boards. Its mission is to promote and protect the interests of Québec s real estate industry so that the boards and their members can successfully meet their business objectives. Copyright, terms and Copyright 2009 Québec Federation of Real Estate Boards. All rights reserved. The content of this publication is protected by copyright laws and is owned by the Québec Federation of Real Estate Boards. Any reproduction of the information contained in this publication, in whole or in part, directly or indirectly, is specifically forbidden except with the prior written permission of the owner of the copyright. For More Information This publication is produced by the Analysis Department of the QFREB. For more information about our products, please write to us at samarche@fciq.ca. To obtain more specific information about the dynamics of the real estate market in a given sector, or for an assessment of a property's market value, please contact a local real estate agent who is a member of a real estate board. 38