First of all, before starting to talk about 2019, let's summarize if you want 2018. According to 2018 statistics compared to the previous year, the Ville-Marie borough saw increases in terms of units sold. It was the same for the median selling price, which also appreciated this year (2018). Many of my transactions involved buyers from outside Quebec. Some buyers wanted to settle in the Old Montreal neighborhood while others had a preference for Downtown Montreal. As the spring / summer season is the peak season for Old Montreal, buyers saw an investment opportunity while enjoying the time of their vacation to buy a condo on Montreal.
Patricia Lallier real estate broker
Unprecedented records throughout the year 2018 in several buildings in Old Montreal. The sales records for square feet were very significant. Just to name a few, L'Immeuble Altoria has surpassed the record sales of $ 800 per sq. Ft. For the second year in a row, 1 McGill over $ 700 per square foot, Les Jardins D ' Youville more than $ 525 square feet and more.
Real Estate Canada
When compared to other Canadian provinces, Montreal is and remains a most affordable real estate market in the vast North American territory. Internationally, it is obviously still more affordable because of the monetary exchange of the Canadian dollar. Overall the year has been a great time for sellers and buyers will also be able to benefit from low interest rates that are still succeeding for now. Economy and interest I have also observed that short-term borrowing is reversed, meaning that the short-term mortgage interest rate is higher than the long-term loan. In all my years in real estate for 37 years, I have never seen this phenomenon.
So what does that mean?
We will surely have the chance to detect an answer in 2019, but for sellers who want to sell, early 2019 is a good time.
Be ready, be prepare, contact me to know my marketing strategy and my visibility of my network at L'International and Canadian market.
Realestate Market Montreal Canada