The month of November signals the beginning of the end of the busy season for realtors. New listings are few and realtors can begin to slow down a bit. This pause gives us a chance to look back at the season in real estate. This year, just like the past consecutive years, the Montreal real estate market has seen an increase in the number of sales and the median home price across the island in all housing categories. This is yet another piece of evidence that Montreal real estate is a safe investment. Condominiums saw the biggest gains at 6%. For a breakdown of the numbers visit the November report of the Montreal Real Estate Board.
For expats, this is a good time to get ready for the spring season when things will get very busy again. Whether you are renting or buying or selling, it is a good idea to start your research early. Over the coming weeks, realtors will have more time to answer your questions, do a market assessment of your property and give you a useful list of comparables. All of this prep will make your real estate search or sale go more smoothly.