analyze the montreal real estate market

Highlights

Montral CMA: Slight Decrease in Sales and Slight Increase in Prices in 2014

Condominium Sales Increase on the North Shore

Renewed Activity for High-End Homes

Bleak Employment Levels and Consumer Confidence

Fourth Quarter: The Best of 2014

Residential MarketBarometer

QFR

EB

Montral Metropolitan Area

Analysis

In 2014, a total of 35,764 residential sales were concluded through a real estate broker in the Montral Census Metropolitan Area (CMA). This represents a 2 per cent decrease compared to 2013 and the fourth consecutive annual drop in sales. Geographically, all five of the CMAs main areas registered a decrease in sales in 2014: sales fell by 1 per cent on the Island of Montral, in Laval and in Vaudreuil-Soulanges, by 3 per cent on the North Shore and by 4 per cent on the South Shore.

In terms of supply, the number of properties for sale continued to climb in 2014 in the Montral CMA. The number of active listings increased by 9 per cent, with an average of 33,313 properties for sale. Market conditions continued to relax in 2014, giving buyers even more negotiating power and further strengthening the advantage they already had on the condominium market.

Condominium Sales Increase on the North Shore

Sales of all three property categories single-family homes, condominiums and plexes slowed across the Montral CMA in 2014. Condominiums registered the largest drop in sales at 3 per cent, while the decrease was limited to 2 per cent for plexes and 1 per cent for single-family homes.

Some areas defied this downward trend and actually registered a strong year in terms of condominium sales. This was the case in many areas of the North Shore, where market conditions are the most relaxed and where condominium prices are most affordable. The largest increases in condominium sales were in the areas of Mirabel (+76 per cent), Blainville (+29 per cent), Saint-Jrme (+32 per cent), Boisbriand/Sainte-Thrse (+16 per cent) and Mascouche (+9 per cent)1. In contrast, 27 other areas of the CMA registered a decrease in condominium sales in 2014. Also, a significant increase in median price, greater than 5 per cent, was seen in the areas of East of the North Shore, Blainville, Mirabel and Repentigny.

Renewed Activity for High-End Homes

While affordability attracted condominium buyers, the largest increases in single-family home sales were mainly observed in the more expensive neighbourhoods of the CMA: the number of single-family home transactions increased by 35 per cent in Ville-Marie, by 18 per cent in Plateau-Mont-Royal, by 16 per cent in NDG/CDN/CSL, by 14 per cent in Centre and by 10 per cent in Rosemont. In all of these areas, the median price of single-family

1 Lle-Perrot and Sainte-Dorothe also registered large increases, at 14 per cent and 9 per cent, respectively.

homes was more than $420,0002. Many affluent areas of the CMA also stood out in terms of prices and registered particularly large increases in 2014. The median price of single-family homes rose by 9 per cent in the Villeray and Centre areas, by 8 per cent in Rosemont, by 6 per cent in Boucherville/Saint-Bruno and Ville-Marie, by 5 per cent in le-des-Surs, Candiac/LaPrairie and Beloeil/Mont-Saint-Hilaire, and by 4 per cent in Brossard/Saint-Lambert, all areas where homes are relatively expensive.

As for plexes, the market was generally stable on the Island of Montral and on the North Shore, as both areas registered a slight 1 per cent increase in sales in 2014, as opposed to Laval and the South Shore where plex sales fell by 22 per cent and 8 per cent respectively, as compared to 2013. The North Shore stood out with a 10 per cent increase in the median price of plexes, with half of all plexes selling for more than $353,000.

Bleak Employment Levels and Consumer Confidence

The labour market in the Montral CMA experienced a significant slowdown in 2014, particularly for full-time jobs, which have a more direct impact on the housing market. In 2014, a total of 19,500 full-time jobs were lost compared to 2013, which more than offset the gain of 14,000 part-time jobs . With these results, consumer confidence also decreased: the proportion of Qubec households that felt it was a good time to make a major purchase, such as a home, fell from 43 per cent in the fourth quarter of 2013 to 38 per cent in the fourth quarter of 2014. Thus, the historically low interest rates were not enough to put the Montral real estate market on a path of growth in 2014.

Fourth Quarter: The Best of 2014

The second half of 2014 was much more dynamic than the first half, with increases in sales and more sustained price growth. In the fourth quarter of 2014, some 7,410 residential sales were concluded in the Montral CMA, a 2 per cent increase compared to the last quarter of 2013 and the second consecutive quarterly increase.

While all three property categories posted an increase in sales, plexes stood out with a 10 per cent jump in the fourth quarter of 2014. Both single-family homes and condominiums registered a 1 per cent increase in sales during this same period.

Price growth was also more solid compared to previous quarters. In the fourth quarter of the year, the median price of single-family homes and condominiums increased by 2 per cent, while that of plexes grew by 3 per cent across the CMA compared to the fourth quarter of 2013.

2 Significant increases were also observed in Vaudreuil-Dorion (+16 per cent) and Boisbriand/Sainte-Thrse (+13 per cent).

The second half of 2014 was much more dynamic than the first half, with increases in sales and more

sustained price growth.

While affordability attracted condominium buyers, the largest increases in single-family home sales were

mainly observed in the more expensive neighbourhoods of the CMA.

Market conditions continued to relax in 2014, giving buyers even more negotiating power and further

strengthening the advantage they already had on the condominium market.

Montral CMA: Slight Decrease in Sales and Slight Increase in Prices in 2014

2

(1) Variation from previous quarter

(2) Variation from the same quarter one year ago

(3) Mortgage rate offered by Canadas main 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 of Canada and CMHC

Source: Statistics Canada

Economic Indicators

Monthly Evolution of Mortgage Rates Five-Year Term

Note : Green arrows indicate good news and red arrows indicate bad news. The arrows indicate stability.

Fourth Quarter 2014

Level

1-year term 3.14% 0.00 0.00

3-year term 3.44% -0.31 -0.51

5-year term 4.79% 0.00 -0.55

Level

Overall Consumer Price Index 1.9% -0.2

Bank of Canada's Core Consumer Price Index(4) 2.2% 0.2

Level

Overall 63 -13 -11

Good time to make a major purchase(5) 38% -7 -5

Niveau

Employment (in thousands)(6) 2,033.8 9.3 -8.2

Unemployment rate(6) 8.1% -0.3 0.1

Level

Total(7) 5,644 24%

Single-Family 1,025 -5%

Condominium 3,018 35%

Rental 1,601 46%

N/A

N/A

N/A

Housing starts (Montral census metropolitan area)

Variation (1)

Annual change (2)

N/A

Labour market (Montral census metropolitan area)

Variation (1)

Annual change (2)

N/A

N/A

Consumer confidence level (Qubec province)

Variation (1)

Annual change (2)

Annual inflation rate (Canada)

Variation (1)

Annual change (2)

Mortgage rates(3)

Variation (1)

Annual change (2)

%

4.50

4.70

4.90

5.10

5.30

5.50

5.70

5.90

3

Map

Boundary of the Montral Census Metropolitan Area*(CMA)

*Statistics Canada definition, 2011 census

(1) - No Centris data available for Kanesatake and Kahnawake

2013 Qubec Federation of Real Estate Boards. All rights reserved.

This map is protected by copyright and is the property of the Qubec 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.

Click on the name of the desired large area in order to access the map and related data

(1)

4

Island of Montral

Area 1 : West Island South

Baie-d'Urf, Beaconsfield, Dorval, L'le-Dorval, Pointe-Claire, Sainte-Anne-de-Bellevue, Senneville

Area 2 : West Island North

Kirkland, L'le-Bizard/Sainte-Genevive, Pierrefonds-Roxboro, Dollard-des-Ormeaux

Area 3 : Lachine/LaSalle

Lachine (Montral), LaSalle (Montral)

Area 4 : South-West

Le Sud-Ouest (Montral), Verdun (Montral)

Area 5 : Saint-Laurent

Saint-Laurent (Montral)

Area 6 : Ahuntsic-Cartierville

Ahuntsic-Cartierville (Montral)

Area 7 : CDN/NDG/CSL

Cte-des-Neiges/Notre-Dame-de-Grce (Montral), Cte-Saint-Luc

Area 8 : Centre

Hampstead, Montral-Ouest, Mont-Royal, Outremont (Montral), Westmount

Area 9 : Nuns Island

le-des-Surs (Montral)

Area 10 : Ville-Marie

Ville-Marie (Montral)

Area 11 : Le Plateau-Mont-Royal

Le Plateau-Mont-Royal (Montral)

Area 12 : Rosemont

Rosemont/La Petite-Patrie (Montral)

Area 13 : Villeray

Villeray/Saint-Michel/Parc-Extension (Montral)

Area 14 : Mercier/Hochelaga-Maisonneuve

Mercier/Hochelaga-Maisonneuve (Montral)

Area 15 : Anjou/Saint-Lonard

Anjou (Montral), Saint-Lonard (Montral)

Area 16 : Eastern Tip of the Island

Montral-Est, Montral-Nord (Montral), Rivire-des-Prairies/Pointe-aux-Trembles (Montral)

Laval

Area 17 : Downtown Laval

Chomedey, Laval-des-Rapides,Pont-Viau

Area 18 : Sainte-Dorothe

Sainte-Dorothe, Laval-sur-le-Lac

Area 19 : Sainte-Rose/Auteuil/Vimont

Auteuil, Vimont, Sainte-Rose

Area 20 : Duvernay

Duvernay

Area 21 : Faberville

Laval-Ouest, Faberville

Area 22 : Saint-Franois/Saint-Vincent

Saint-Franois, Saint-Vincent-de-Paul

North Shore

Area 23 : West of the North Shore

Deux-Montagnes, Oka, Pointe-Calumet, Sainte-Marthe-sur-le-Lac, Saint-Eustache, Saint-Joseph-du-Lac, Saint-Placide

Area 24 : Mirabel

Mirabel

Area 25 : Boisbriand/Sainte-Thrse

Boisbriand, Sainte-Thrse

Area 26 : Blainville

Blainville, Lorraine, Rosemre

Area 27 : Terrebonne

Bois-des-Filion, Terrebonne, Lachenaie, Sainte-Anne-des-Plaines, La Plaine

Area 28 : Mascouche

Mascouche

Area 29 : Repentigny

Le Gardeur, Charlemagne, Repentigny

Area 30 : East of the North Shore

L'Assomption, Lavaltrie, Saint-Sulpice, L'piphanie (Paroisse), L'piphanie (Ville)

Area 31 : Saint-Jrme

Gore, Saint-Colomban, Saint-Jrme

Vaudreuil-Soulanges

Area 32 : le-Perrot

L'le-Perrot, Notre-Dame-de-l'le-Perrot, Pincourt, Terrasse-Vaudreuil

Area 33 : Vaudreuil-Dorion

L'le-Cadieux, Vaudreuil-Dorion (sans Vaudreuil-Ouest), Vaudreuil-sur-le-Lac

Area 34 : Soulanges South

Cteau-du-Lac, Saint-Zotique, Les Cdres, Les Coteaux, Pointe-des-Cascades

Area 35 : Saint-Lazare/Hudson

Vaudreuil-Ouest, Saint-Lazare, Hudson

South Shore

Area 36 : Chteauguay

Beauharnois, Chteauguay, Lry, Mercier, Saint-Isidore, Kahnawake

Area 37 : South-West of the South Shore

Delson, Saint-Constant, Sainte-Catherine, Saint-Mathieu, Saint-Philippe

Area 38 : Candiac/La Prairie

Candiac, La Prairie

Area 39 : Brossard/Saint-Lambert

Brossard, Saint-Lambert

Area 40 : Vieux-Longueuil

Greenfield Park, Le Vieux-Longueuil

Area 41 : Saint-Hubert

Saint-Hubert

Area 42 : Boucherville/Saint-Bruno

Boucherville, Saint-Bruno-de-Montarville

Area 43 : Sainte-Julie/Varennes

Saint-Amable, Sainte-Julie, Varennes, Verchres

Area 44 : Beloeil/Mont-Saint-Hilaire

Beloeil, McMasterville, Mont-Saint-Hilaire, Otterburn Park, Saint-Basile-le-Grand, Saint-Mathieu-de-Beloeil

Area 45 : Chambly

Carignan, Chambly, Richelieu, Saint-Mathias-sur-Richelieu

List of Areas

Montral Metropolitan Area Click on the desired area in order to access the map and related data

5

Evolution of Centris

Sales Montral Metropolitan Area

Source: QFREB by the Centris system




Evolution of Market Conditions - Single-Family Montral Metropolitan Area

Evolution of the Median Price - Single-Family Montral Metropolitan Area

Rate of Change in the Median Price - Single-Family Montral Metropolitan Area

Market Evolution

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

40,000

35,000

30,000

25,000

45,000

6

4

2

0

8

12

$

16%

14%

12%

10%

8%

6%

4%

0%

2%

Mo

nth

s o

f in

ve

nto

ry

200,000

180,000

160,000

140,000

120,000

100,000

220,000

240,000

260,000

280,000

300,000

Lower than 8: sellers market

Between 8 - 10: balanced market

Higher than 10: buyers market

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

4 %

13 %

17 %

14 %

9 %

7 %

10 %

7 %

4 % 5 % 5 %

3 %

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

2 %

18%

10

2014

2014

2014

2 %

2014

6


** Insufficient number of transactions to produce reliable statistics

Definitions and Explanatory Notes

Sociodemographic Profile of the Montral CMA

Population in 2011 3,824,221

Population change between 2006 and 2011 5.2%

Number of households in 2011 1,613,260

Population density per square kilometre 898

Proportion of owners 55%

Proportion of renters 45%

Source : Statistics Canada, 2011 Census

Fourth Quarter 2014

By category

Last 12 Months

Evolution of Market Conditions

Montral Metropolitan Area

Sellers market

Balanced market

Buyers market

Sales 7,410 2%

New Listings 15,889 2%

Active Listings 32,356 8%

Volume (in thousands $) 2,573,546 7%

Sales 35,764 -2%




Table 1- Summary of Centris Activity

Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 4,274 1% 21,250 -1%

Active Listings 16,689 8% 17,217 10%

Median Price $285,000 2% $282,500 1% 20%

Average Price $354,115 5% $339,519 3% 22%

Average Days (days) 96 5 93 8

Sales 2,214 1% 10,945 -3%

Active Listings 12,566 6% 13,022 9%

Median Price $237,500 2% $230,000 1% 18%

Average Price $286,377 5% $269,428 2% 19%


Sales 916 10% 3,540 -2%


Median Price $443,000 3% $435,000 2% 25%

Average Price $469,842 4% $457,025 3% 27%


Table 2 - Detailed Centris Statistics per Property Category

Single-Family

Fourth Quarter 2014 Last 12 Months Past 5 years

Plex


Condominium


Less than 200 1,485 242.3 6.1 Seller's

200 to 249 2,627 390.8 6.7 Seller's

250 to 299 3,026 363.4 8.3 Balanced

300 to 399 4,266 422.1 10.1 Buyer's

400 to 499 2,154 156.9 13.7 Buyer's

500 and more 3,660 195.3 18.7 Buyer's

Table 3 - Market Conditions by Price Range

Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

7



Click on the sector number in order to access the associated page.

List of Areas

Fourth Quarter 2014


By category

Last 12 Months


Island of Montral

Sellers market

Balanced market

Buyers market

Sales 3,058 2%




Sales 13,936 -1%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 993 0% 4,672 0%


Median Price $395,000 3% $385,000 1% 24%

Average Price $548,806 11% $510,190 5% 30%


Sales 1,365 -1% 6,614 -2%


Median Price $280,000 4% $267,500 1% 18%

Average Price $332,113 6% $311,191 2% 20%


Sales 700 11% 2,650 1%


Median Price $473,000 3% $460,000 2% 28%

Average Price $502,335 4% $489,429 3% 29%



Single-Family


Plex


Condominium


Less than 200 1,118 106.3 10.5 Buyer's

200 to 249 1,464 127.9 11.4 Buyer's

250 to 299 1,436 106.7 13.5 Buyer's

300 to 399 1,739 117.5 14.8 Buyer's

400 to 499 760 45.4 16.7 Buyer's

500 and more 1,061 47.3 22.4 Buyer's


Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

8



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 1: West Island South

Sellers market

Balanced market

Sales 191 11%

New Listings 291 15%

Active Listings 505 6%

Volume (in thousands $) 91,914 25%

Sales 864 0%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 160 17% 725 0%

Active Listings 396 11% 442 10%

Median Price $376,000 1% $380,000 3% 18%

Average Price $513,555 16% $466,165 7% 23%


Sales 26 124 -1%

Active Listings 101 -7% 117 14%

Median Price ** $259,500 7% 13%

Average Price ** $299,645 1% 15%

Average Days (days) 111 9

Sales 5 15

Active Listings 7 10

Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium


Less than 300 35 11.2 3.1 Seller's

300 to 349 50 11.3 4.4 Seller's

350 to 399 65 11.4 5.7 Seller's

400 to 499 90 10.8 8.3 Balanced

500 to 699 98 10.4 9.4 Balanced

700 and more 104 5.3 19.8 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyers market

9



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 2: West Island North

Sellers market

Balanced market

Buyers market

Sales 268 0%

New Listings 563 9%



Sales 1,392 2%

New Listings 3,117 -2%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 207 -4% 1,070 2%


Median Price $362,500 4% $357,000 2% 25%

Average Price $395,967 -1% $397,185 1% 22%


Sales 51 4% 299 7%

Active Listings 305 -17% 351 -7%

Median Price $223,500 18% $220,000 5% 21%

Average Price $234,108 18% $230,004 5% 19%


Sales 10 23


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



300 to 349 135 22.0 6.1 Seller's

350 to 399 150 17.7 8.5 Balanced

400 to 499 130 15.7 8.3 Balanced

500 to 699 116 10.2 11.4 Buyer's

700 and more 132 4.3 31.1 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

10



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 3: Lachine / LaSalle

Sellers market

Balanced market

Sales 168 7%

New Listings 312 -2%



Sales 770 3%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 50 0% 224 0%


Median Price $343,000 -7% $369,000 1% 30%

Average Price $350,398 -7% $374,708 0% 26%

Average Days (days) 74 -9 80 1

Sales 61 2% 295 2%


Median Price $225,000 -5% $245,000 -2% 11%

Average Price $241,109 -7% $251,206 -3% 12%


Sales 57 21% 251 6%


Median Price $425,000 13% $425,000 2% 20%

Average Price $416,343 5% $419,545 3% 22%

Average Days (days) 95 -7 94 -4


Single-Family


Plex


Condominium


Less than 200 74 5.1 14.6 Buyer's

200 to 249 82 8.2 10.0 Balanced

250 to 299 76 6.2 12.3 Buyer's

300 to 349 53 2.7 20.0 Buyer's

350 and more 54 2.5 21.5 Buyer's

(I) (S) (I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory


Market

Conditions

Condominium

Last 12 Months

Buyers market

11



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 4: South West

Sellers market

Balanced market

Sales 228 -15%



Volume (in thousands $) 81,452 -16%

Sales 1,174 2%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 22 147 -6%


Median Price ** $417,000 1% 37%

Average Price ** $423,556 -1% 41%


Sales 133 -11% 708 7%


Median Price $272,200 5% $260,000 -2% 19%

Average Price $303,040 6% $286,556 0% 20%


Sales 73 -15% 319 -4%

Active Listings 171 0% 189 -1%

Median Price $450,000 8% $430,000 7% 42%

Average Price $443,249 -4% $440,702 3% 42%



Single-Family


Plex


Condominium


Less than 200 72 8.2 8.8 Balanced

200 to 249 162 18.0 9.0 Balanced

250 to 299 189 15.8 11.9 Buyer's

300 to 399 152 10.0 15.2 Buyer's

400 and more 136 7.0 19.5 Buyer's


Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyers market

12



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 5: Saint-Laurent

Sellers market

Balanced market

Sales 170 6%




Sales 681 -6%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 77 12% 273 -5%


Median Price $435,000 -6% $466,000 -4% 31%

Average Price $537,194 2% $544,755 -1% 33%


Sales 77 5% 333 -10%


Median Price $295,000 8% $282,000 4% 28%

Average Price $311,684 10% $297,775 6% 26%


Sales 16 75 12%


Median Price ** $488,000 -5% 24%

Average Price ** $520,229 -2% 31%

Average Days (days) 85 -22


Single-Family


Plex


Condominium



250 to 299 75 6.5 11.6 Buyer's

300 to 349 71 6.5 10.9 Buyer's

350 and more 103 5.8 17.9 Buyer's


Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyers market

13



List of Areas


Fourth Quarter 2014

Par catgorie

12 derniers mois

volution des conditions de march

Area 6: Ahuntsic-Cartierville

Sellers market

Balanced market

Buyers market

Moins de 200 73 7.0 10.5 Acheteur

200 249 91 8.5 10.7 Acheteur

250 299 65 5.6 11.6 Acheteur

300 et plus 71 5.4 13.1 Acheteur

(I) (V) (I)/(V)

Gammes de prix

(en milliers $)

Inventaire

(moyenne

des 12 mois)

Ventes

(moyenne

des 12 mois)

Nombre

de mois

d'inventaire

Tableau 3 - Conditions de march par gamme de prix

Conditions

de march

Coproprit

12 derniers mois

Sales 168 1%

New Listings 332 2%



Sales 747 -6%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 39 -32% 189 -17%


Median Price $396,000 -10% $420,000 -6% 27%

Average Price $462,455 -10% $466,466 -7% 26%


Sales 64 16% 318 -2%


Median Price $243,000 11% $235,000 4% 18%

Average Price $257,071 11% $246,368 2% 20%


Sales 65 20% 240 0%


Median Price $510,000 8% $505,000 4% 29%

Average Price $507,367 0% $518,392 2% 27%



Single-Family


Plex


Condominium


14



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 7: CDN/NDG/CSL

Sellers market

Balanced market

Buyers market

Sales 199 9%

New Listings 403 1%



Sales 983 6%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 66 25% 297 16%


Median Price $613,500 9% $585,000 1% 41%

Average Price $679,978 12% $638,969 2% 38%


Sales 96 2% 535 5%


Median Price $308,000 6% $305,000 -2% 18%

Average Price $368,480 15% $343,064 2% 15%


Sales 37 3% 151 -6%


Median Price $530,000 7% $540,000 4% 26%

Average Price $562,493 1% $591,576 4% 33%



Single-Family


Plex


Condominium



200 to 299 196 14.2 13.9 Buyer's

300 to 399 152 11.6 13.1 Buyer's

400 to 499 76 4.8 16.0 Buyer's



Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

15



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 8: Centre

Sellers market

Balanced market

Buyers market

Sales 167 10%




Sales 667 3%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 99 10% 424 14%


Median Price $1,253,000 30% $1,087,500 9% 33%

Average Price $1,303,770 18% $1,203,988 5% 33%


Sales 56 2% 214 -13%


Median Price $511,000 12% $444,500 1% 27%

Average Price $622,161 25% $549,704 6% 44%


Sales 12 29


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



800 to 999 50 5.8 8.7 Balanced

1000 to 1499 103 12.3 8.3 Balanced

1500 and more 154 7.7 20.1 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

16



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 9: Nuns Island

Sellers market

Balanced market

Buyers market

Sales 56 -2%




Sales 257 -8%

New Listings 790 1%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 9 57 -20%


Median Price ** $775,000 19% 45%

Average Price ** $848,570 7% 18%


Sales 56 14% 218 -14%


Median Price $389,500 3% $386,500 4% 19%

Average Price $451,737 2% $428,913 -2% 18%


Sales 0 0

Active Listings 0 0

Median Price ** **

Average Price ** **

Average Days (days)

Condominium

First Quarter 2014 Last 12 Months Past 5 years

Plex



Tableau 2 - Statistiques Centris dtailles par catgorie de proprit

Single-Family


350 to 499 120 5.2 23.1 Buyer's

500 and more 109 4.5 24.1 Buyer's


Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

17



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 10: Ville-Marie

Sellers market

Balanced market

Buyers market

Sales 289 5%




Sales 1,263 5%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 19 70 35%


Median Price ** $667,000 6% 0%

Average Price ** $1,026,983 27% 47%


Sales 249 2% 1,120 4%


Median Price $325,000 6% $300,000 -2% 14%

Average Price $416,926 3% $372,993 0% 17%


Sales 21 73 -9%


Median Price ** $465,000 14% 46%

Average Price ** $492,015 3% 50%



Single-Family


Plex


Condominium



250 to 299 296 16.5 17.9 Buyer's

300 to 349 235 12.5 18.8 Buyer's

350 to 399 205 10.3 19.9 Buyer's

400 to 499 221 8.6 25.7 Buyer's

500 to 699 244 9.2 26.6 Buyer's

700 and more 260 6.2 42.2 Buyer's


Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

18



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 11: Le Plateau-Mont-Royal

Sellers market

Balanced market

Sales 218 6%




Sales 873 -1%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 21 66 18%


Median Price ** $645,750 -4% 29%

Average Price ** $668,996 -5% 28%


Sales 145 2% 662 -1%


Median Price $338,000 0% $330,000 2% 27%

Average Price $357,746 -4% $352,501 1% 28%


Sales 52 -7% 145 -4%


Median Price $682,500 17% $651,000 9% 29%

Average Price $737,481 17% $692,263 9% 32%



Single-Family


Plex


Condominium



250 to 299 98 10.3 9.4 Balanced

300 to 349 98 10.4 9.4 Balanced

350 to 399 100 8.1 12.3 Buyer's

400 to 499 91 9.7 9.4 Balanced



Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyers market

19



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 12: Rosemont

Sellers market

Balanced market

Sales 216 3%

New Listings 383 4%



Sales 974 1%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 21 88 10%


Median Price ** $422,000 8% 38%

Average Price ** $472,126 3% 47%


Sales 108 -11% 559 -4%


Median Price $288,500 5% $285,000 3% 21%

Average Price $310,230 8% $304,731 3% 21%


Sales 87 21% 327 8%


Median Price $490,000 -4% $496,000 0% 29%

Average Price $510,798 1% $510,070 1% 30%



Single-Family


Plex


Condominium



250 to 299 82 12.6 6.5 Seller's

300 to 399 119 11.5 10.3 Buyer's

400 and more 71 7.3 9.8 Balanced


Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

20



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 13: Villeray

Sellers market

Balanced market

Buyers market

Sales 143 -1%




Sales 660 5%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 17 84 -13%


Median Price ** $334,000 9% 34%

Average Price ** $363,327 9% 46%


Sales 57 -5% 285 4%


Median Price $249,000 12% $250,000 7% 28%

Average Price $289,790 13% $267,397 5% 23%


Sales 69 17% 291 14%


Median Price $449,000 4% $433,000 2% 27%

Average Price $467,791 4% $456,354 1% 30%



Single-Family


Plex


Condominium



225 to 299 97 8.2 11.9 Buyer's



Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

21



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 14: Mercier/Hochelaga-Maisonneuve

Sellers market

Balanced market

Buyers market

Sales 217 -5%




Sales 949 -13%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 24 143 -19%


Median Price ** $330,000 3% 26%

Average Price ** $325,733 -2% 21%


Sales 99 -13% 484 -13%


Median Price $210,000 -8% $217,500 -1% 18%

Average Price $220,299 -6% $223,795 -1% 16%


Sales 94 21% 322 -10%


Median Price $413,500 3% $418,000 1% 28%

Average Price $439,738 7% $436,458 4% 31%



Single-Family


Plex


Condominium



200 to 224 83 7.6 10.9 Buyer's

225 to 249 106 6.9 15.3 Buyer's

250 to 274 63 3.8 16.4 Buyer's

275 and more 144 6.8 21.4 Buyer's


Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

22



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 15: Anjou / Saint-Lonard

Sellers market

Balanced market

Buyers market

Sales 127 25%




Sales 501 -8%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 31 3% 142 -3%


Median Price $415,000 22% $370,000 3% 20%

Average Price $406,806 11% $393,676 -2% 19%


Sales 51 50% 182 -20%


Median Price $229,000 1% $225,000 0% 14%

Average Price $240,104 3% $238,554 1% 14%


Sales 45 18% 177 4%


Median Price $520,000 0% $525,000 1% 20%

Average Price $571,722 6% $548,399 2% 21%



Single-Family


Plex


Condominium


Less than 225 64 7.3 8.7 Balanced

225 to 274 50 4.3 11.6 Buyer's



Market

Conditions

Condominium

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

23



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 16: Eastern Tip of the Island

Sellers market

Balanced market

Buyers market

Sales 233 -8%




Sales 1,181 -3%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 129 -11% 676 -1%


Median Price $276,000 -1% $275,000 -2% 18%

Average Price $297,233 1% $289,720 1% 19%


Sales 47 -16% 293 -13%


Median Price $180,000 -5% $180,000 0% 15%

Average Price $183,285 -5% $185,366 -2% 15%


Sales 57 12% 212 7%


Median Price $370,000 3% $375,000 3% 15%

Average Price $379,623 6% $381,530 3% 18%



Single-Family


Plex


Condominium



250 to 299 139 16.6 8.4 Balanced

300 to 399 202 16.0 12.6 Buyer's

400 and more 158 4.8 33.2 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

24



List of Areas



Fourth Quarter 2014

By category

Last 12 Months


Laval

Sellers market

Balanced market

Buyers market

Sales 833 11%




Sales 3,929 -1%



Volume (in thousands $) 1,174,699 -2%


Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 585 9% 2,831 1%


Median Price $285,000 -2% $289,000 0% 20%

Average Price $316,346 0% $314,432 -1% 21%


Sales 198 14% 901 0%


Median Price $219,250 2% $215,000 2% 26%

Average Price $243,104 9% $228,154 2% 22%


Sales 50 19% 197 -22%


Median Price $444,000 15% $419,500 2% 22%

Average Price $454,189 15% $425,077 2% 23%



Single-Family


Plex


Condominium



250 to 299 435 65.6 6.6 Seller's

300 to 349 347 42.8 8.1 Balanced

350 to 499 610 47.0 13.0 Buyer's

500 and more 391 15.2 25.8 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

25



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 17: Downtown Laval

Sellers market

Balanced market

Buyers market

Sales 291 16%

New Listings 633 8%



Sales 1,307 2%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 130 10% 630 1%


Median Price $292,500 -1% $295,000 0% 20%

Average Price $316,130 -2% $316,583 -1% 22%


Sales 125 18% 538 5%


Median Price $219,000 3% $215,000 2% 26%

Average Price $250,649 10% $235,902 2% 23%


Sales 36 33% 139 -10%


Median Price $446,500 14% $429,000 3% 24%

Average Price $468,527 20% $434,605 4% 26%



Single-Family


Plex


Condominium



250 to 274 30 8.0 3.8 Seller's

275 to 299 64 9.7 6.6 Seller's

300 to 349 107 10.7 10.0 Balanced

350 to 449 117 8.8 13.3 Buyer's



Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

26



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 18: Sainte-Dorothe

Sellers market

Balanced market

Sales 82 39%




Sales 371 -2%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 72 50% 320 -1%


Median Price $386,000 15% $356,500 0% 17%

Average Price $419,368 16% $389,821 -3% 17%


Sales 9 49 9%


Median Price ** $245,000 7% 28%

Average Price ** $256,836 11% 6%


Sales 1 2

Active Listings 6 5

Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



275 to 349 55 7.2 7.7 Seller's

350 to 449 98 8.1 12.1 Buyer's

450 and more 137 5.7 24.1 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyers market

27



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 19: Sainte-Rose/Auteuil/Vimont

Sellers market

Sales 195 9%




Sales 1,011 4%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 160 10% 832 7%


Median Price $284,700 -3% $294,700 2% 24%

Average Price $312,022 -4% $313,455 0% 24%


Sales 29 156 2%


Median Price ** $193,750 -4% 17%

Average Price ** $201,573 -3% 17%


Sales 6 23


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



225 to 249 35 8.6 4.1 Seller's

250 to 274 46 9.8 4.7 Seller's

275 to 299 79 10.7 7.4 Seller's

300 to 349 94 15.6 6.0 Seller's

350 to 449 134 11.7 11.5 Buyer's

450 and more 118 5.8 20.2 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Balanced market

Buyers market

28



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 20: Duvernay

Sellers market

Balanced market

Buyers market

Sales 71 -3%

New Listings 163 3%



Sales 336 -2%

New Listings 774 8%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 56 -8% 272 -1%


Median Price $310,000 -10% $330,000 0% 22%

Average Price $368,688 0% $368,755 -2% 21%


Sales 14 61 -2%


Median Price ** $222,500 2% 14%

Average Price ** $239,510 9% 16%


Sales 1 3

Active Listings 3 5

Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



300 to 399 77 7.7 10.0 Balanced

400 and more 122 5.8 20.8 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

29



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 21: Fabreville

Sellers market

Balanced market

Sales 136 10%

New Listings 259 0%



Sales 631 -3%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 116 8% 541 0%


Median Price $247,000 3% $253,000 1% 16%

Average Price $260,447 -1% $264,766 -2% 17%


Sales 17 77 -25%


Median Price ** $207,000 -3% 30%

Average Price ** $199,153 -4% 27%


Sales 3 13


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



200 to 249 75 13.8 5.5 Seller's

250 to 299 89 11.1 8.0 Balanced

300 to 399 79 9.5 8.4 Balanced



Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyers market

30



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 22: Saint-Franois/Saint-Vincent

Sellers market

Sales 58 -13%




Sales 273 -18%

New Listings 673 4%




Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 51 -12% 236 -15%


Median Price $240,000 -6% $245,000 -2% 20%

Average Price $258,706 -7% $259,998 0% 21%


Sales 4 20

Active Listings 55 39 31%

Median Price ** **

Average Price ** **

Average Days (days)

Sales 3 17


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



225 to 249 43 3.8 11.5 Buyer's

250 and more 140 9.2 15.3 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Balanced market

Buyers market

31




List of Areas


Fourth Quarter 2014

By category

Last 12 Months


North Shore

Sellers market

Balanced market

Buyers market

Sales 1,586 1%




Sales 8,159 -3%



Volume (in thousands $) 2,069,089 -2%


Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 1,272 -1% 6,593 -4%


Median Price $239,500 0% $240,000 1% 17%

Average Price $261,054 0% $261,815 0% 16%


Sales 236 9% 1,233 -4%


Median Price $182,500 4% $178,000 2% 19%

Average Price $202,209 8% $188,052 2% 20%


Sales 74 9% 311 1%


Median Price $350,000 13% $353,000 10% 23%

Average Price $337,582 5% $344,427 9% 22%



Single-Family


Plex


Condominium



200 to 249 1,338 171.9 7.8 Seller's

250 to 299 1,130 109.0 10.4 Buyer's

300 to 399 1,299 94.9 13.7 Buyer's

400 to 499 543 25.1 21.6 Buyer's

500 and more 680 16.3 41.9 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

32



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 23: West of the North Shore

Sellers market

Sales 233 6%




Sales 1,153 -6%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 192 7% 978 -4%


Median Price $223,750 2% $230,000 1% 19%

Average Price $233,726 2% $242,344 3% 21%


Sales 33 6% 151 -16%


Median Price $173,000 2% $175,000 1% 15%

Average Price $174,871 -3% $175,927 -1% 12%


Sales 7 21

Active Listings 32 50% 26

Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



175 to 199 61 7.6 8.0 Balanced

200 to 224 60 14.7 4.1 Seller's

225 to 249 97 13.8 7.0 Seller's

250 to 299 156 17.3 9.0 Balanced

300 and more 238 14.1 16.9 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Balanced market

Buyers market

33



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 24: Mirabel

Sellers market Balanced market

Sales 85 -3%




Sales 565 9%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 65 -19% 459 0%


Median Price $253,000 1% $254,500 2% 19%

Average Price $259,925 -4% $258,951 0% 17%


Sales 14 67 76%


Median Price ** $211,000 6% 29%

Average Price ** $203,390 5% 25%


Sales 3 27


Median Price ** **

Average Price ** **

Average Days (days)


Single-Family


Plex


Condominium



250 to 299 99 11.4 8.7 Balanced

300 and more 182 9.2 19.8 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

Buyers market

34



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 25: Boisbriand/Sainte-Thrse

Sellers market

Balanced market

Buyers market

Sales 118 9%

New Listings 238 4%



Sales 595 13%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 77 13% 386 13%


Median Price $258,000 3% $259,250 2% 15%

Average Price $275,555 9% $276,062 1% 16%


Sales 27 159 16%


Median Price ** $193,000 -5% 18%

Average Price ** $210,206 -3% 22%


Sales 14 50 0%


Median Price ** $379,450 15% 35%

Average Price ** $355,841 10% 26%



Single-Family


Plex


Condominium



250 to 299 54 7.9 6.8 Seller's

300 and more 112 10.6 10.5 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

35



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 26: Blainville

Sellers market

Balanced market

Buyers market

Sales 204 21%




Sales 942 6%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 170 13% 828 5%


Median Price $311,250 -5% $315,000 -2% 13%

Average Price $354,292 -6% $353,121 -6% 10%


Sales 29 94 29%

Active Listings 173 134 82%

Median Price ** $214,450 6% 15%

Average Price ** $255,336 24% 30%


Sales 5 20


Median Price ** **

Average Price ** **

Average Days (days)

Plex


Condominium



Single-Family



250 to 299 90 13.4 6.7 Seller's

300 to 399 194 20.0 9.7 Balanced

400 to 499 144 8.3 17.4 Buyer's

500 and more 325 10.0 32.5 Buyer's


Market

Conditions

Single-Family

Last 12 Months

(I)/(S)

Price Range

($ thousands)

Inventory

(average of

the 12 months)

Sales

(average of

the 12 months)

Months of

Inventory

(I) (S)

36



List of Areas


Fourth Quarter 2014

By category

Last 12 Months


Area 27: Terrebonne

Buyers market

Sellers market

Balanced market

Sales 306 -8%

New Listings 782 6%



Sales 1,669 -9%





Total Residential

Fourth Quarter 2014

Last 12 Months

Sales 258 0% 1,368 -6%


Median Price $242,000 -2% $240,000 0% 17%

Aver

analyze the montreal real estate market

Documents

cent decrease

condominium sales increase

terms of condominium

residential sales

singlefamily home sales

condominium prices

condominium market

areas of mirabel