Greater Montreal Real Estate Board

Greater Montreal Real Estate Board

May 06, 2010 08:30 ET

Activity on the Montreal Real Estate Market Holds Strong in April 2010

MLS® Residential Statistics for the Montreal Metropolitan Area

ILE-DES-SOEURS, QUEBEC--(Marketwire - May 6, 2010) - There were 5,513 sales transactions in the Montréal Metropolitan Area in April 2010, a 16 per cent increase compared to April 2009, according to the Greater Montréal Real Estate Board's MLS® statistics.

"At this time last year, the Montréal real estate market was still feeling the effects of the recession, but was showing signs of recovery. Sales were down by only 6 per cent compared to April 2008," said Michel Beauséjour, FCA, Chief Executive Officer of the GMREB. "With a 16 per cent increase in sales this April, the Montréal real estate market is now very active, which can be explained by positive economic conditions. Consumer confidence in the economy is strong, job creation is improving in the Montréal region and mortgage rates are still low," he added.

All property categories registered an increase in sales in April 2010 compared to April 2009. Plexes led the way with a 28 per cent increase in sales, followed by condominiums and single-family homes with increases of 18 and 12 per cent, respectively.

MLS® Residential Statistics
Montréal Metropolitan Area
April 2010 versus April 2009
Active listings 22,241 -20 %
New listings 6,808 +4 %
Total sales 5,513 +16 %
  Single-family 3,223 +12 %
  Condominiums 1,654 +18 %
  Plexes (2 to 5 dwellings) 632 +28 %
Volume of sales $1,593,880,400 +28 %
Median price      
  Single-family $250,000 +9 %
  Condominiums $210,000 +10 %
  Plexes (2 to 5 dwellings) $375,000 +9 %
Source: Greater Montréal Real Estate Board by Centris®  

Geographically, the five main areas in the Montréal region surpassed the sales levels reached in April 2009. Laval and the Island of Montréal were the most active areas, with respective sales increases of 27 and 21 per cent. Vaudreuil-Soulanges followed closely with an 18 per cent increase, while sales on the North Shore and South Shore increased by 14 and 4 per cent, respectively.

In terms of prices, the median price of single-family homes in the Montréal area increased from $230,000 in April 2009 to $250,000 in April 2010, a 9 per cent increase. The median price of condominiums increased by 10 per cent to reach $210,000, while that of plexes increased by 9 per cent, to reach $375,000.

"Montréal's real estate is still the most affordable compared to other large cities in Canada, despite the increase in property prices. This increase can be explained by a decrease in the supply of properties for sale. On April 30, 2010, the number of active listings was down 20 per cent compared to the same date last year," said Michel Beauséjour. He added, "On the other hand, the good news for buyers is that there are more new listings on the market, an increase of 4 per cent in April for example, so buyers still have choice."

About the Greater Montréal Real Estate Board

The Greater Montréal Real Estate Board is a non-profit organization that brings together most of the real estate brokers and agents who work in the Greater Montréal area. With more than 10,500 members, it is the second largest board in Canada. Its mission is to actively promote and protect its members' professional and business interests in order for them to successfully meet their business objectives and maintain their predominance in the real estate industry.

For April 2010 statistics charts, click here:

For year-to-date statistics charts, click here: (

Important Note

The Greater Montréal Real Estate Board publishes its MLS® sales statistics by Montréal Metropolitan Area territory, as defined by Statistics Canada during the last census. The list of municipalities that make up this territory is available at

In addition, the Greater Montréal Real Estate Board uses the median price to measure the evolution of property prices. The median price is the middle price, in other words, half of the transactions had a lower price and the other half had a higher price.

Contact Information

  • Greater Montreal Real Estate Board
    Chantal de Repentigny, Assistant Manager
    Communications, Industry Relations and Legal Affairs
    514-762-2440, extension 130