First-Time Buyers Were Active in Québec
In Québec, sales increased by 38 per cent in the first quarter of 2010 compared to the first quarter of 2009, during the economic downturn.
All property categories contributed to the vitality of Montréal's real estate market at the start of the year. The sales of single-family homes increased by 42 per cent compared to the first quarter of 2009 and by 8 per cent compared to the first quarter of 2008. Condo sales increased by 54 per cent compared to the first three months of 2009. Multi-Plex sales increased by 45 per cent compared to the first quarter of 2009 and by 13 per cent compared to the first quarter of 2008.
I absolutely believe that supply and demand are rebalancing. Consequently, this is keeping prices steady in many markets and any home buyer and seller should strongly consult their real estate broker to understand how sales, inventory and pricing trends are shaping up in their market.
Selling or buying a property is one of the biggest business transactions most of us will ever make in our lives. Real estate brokers have the necessary qualifications and experience to help mae a purchase or sale successful!!
Thoughts and comments always welcome!
Thank you,
Marco Di Liello
Real Estae Broker
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