CONTACTEZ-NOUS:

514.508.5010

info@foncia.ca

 

1026 Av. Mont-Royal E. #203

Plateau Mont-Royal MONTRÉAL H2J 1X6

12940 Gouin O.

Pierrefonds-Roxboro MONTRÉAL H8Z 1W8

© Foncia Real Estate Agency

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BROKERAGE 

SALES - PURCHASES - RENTALS 

Real Estate Brokerage Service.

Our properties are listed on CENTRIS, MLS and REALTOR.

We are members of the OACIQ & the Real Estate Chamber of Montreal (CIGM) regrouping a network of about 11 000 real estate brokers collaborators. 

APPRAISALS

SELLING - SHARING VALUES - LEGAL - ESTATES

Professionnal Real Estate Appraisals.

Our expertise in real estate appraisals can ensure our customers' best interest with optimal results. Our reports are conform to the standings and expectations of The Quebec Chartered Board of Appraiser's Association.

 

FONCIA DECO

REAL ESTATE HOME OPTOMIZATION SERVICE 

Property optimization guidance through the process of selling your property and great advices so you can have the best market value for your property. Large paintings & decorative objects can be avalaible.

MANAGEMENT

Real Estate condominium & building management service offered.

Join 
FONCIA TEAM

We offer exceptional conditions for the real estate brokers who wish to join a real estate agency recognized for the quality of it's offered services. Contact us to obtain more details concerning our unique concept.

2 LOCATIONS
DOWNTOWN &
THE WEST ISLAND

1026 Mont-Royal E. #203

Plateau Mont-Royal MONTREAL H2J 1X6

12940 Gouin W.

Pierrefonds MONTREAL H8Z 1W8

REAL ESTATE NEWS

Strong Sales and Price Increases on Montreal’s Residential Real Estate Market in January

In total, 3,429 residential sales were concluded in January, a 16 per cent increase compared to January of last year.

“Not surprisingly, Montreal’s real estate market continued on its path of accelerated growth, still supported by a robust economy, low interest rates and strong demographic fundamentals,” said Julie Saucier, president and chief executive officer of the QPAREB. “The overheating market that we’re seeing on the Island of Montreal is causing significant price growth, which is prompting more and more buyers to turn to the peripheral areas of the Montreal CMA. As a result, active listings in these areas are steadily dropping and prices are steadily rising,” she added.

Sales by property category

  • Across the CMA, plexes (2 to 5 dwellings) were the property category that registered the largest increase in sales in January, as plex transactions jumped by 36 per cent (335 sales) compared to January of last year. The low vacancy rate for rental properties in the Montreal CMA – currently at 1.5 per cent according to the Canada Mortgage and Housing Corporation (CMHC) – is one of the factors that explains the renewed interest in this property category.

  • Sales of condominiums also registered a considerable increase of 23 per cent (1,290 transactions).

  • Finally, sales of single-family homes rose by 8 per cent compared to January 2019, with a total of 1,800 transactions.

Selling times

Selling times continue to reflect particularly tight market conditions that are extremely favourable to sellers, for all property categories combined. The last time that selling times were this short in a month of January in the Montreal CMA was back in 2005 for single-family homes (69 days, -9 days compared to January of last year) and condominiums (74 days, -22 days). As for plexes, selling-times were also at a 15-year low, as it took only 73 days (-3 days) for a plex to sell.

Source: APCIQ/The Gazette