Posted by Moishe Alexander
After declining significantly at the beginning of the year, the Montréal census metropolitan area (CMA) housing market has been showing signs of picking up for the past few months. This increase in activity on the housing market is coinciding with an improvement in economic conditions, as several indicators are suggesting that economic [...]
Written on June 15, 2009
Interesting news, presented by Moishe Alexander, CFC CEO
The Royal Bank says the Canadian economy will shrink by 2.4 per cent this year, due in part to the substantial 5.4 per cent annual GDP contraction in the first quarter.
That’s the worst quarterly economic performance since 1991 and likely the worst in the [...]
In 2009 the Montreal Real Estate market will become gradually more balanced, according to the CMHC 2009 market forecast.
Given that sales will fall and listings will rise, the market will ease slightly over the coming year. Average resale prices will continue to increase, but more slowly than in recent years.
A higher proportion of condominium sales [...]