Montreal is one of the stars of the Canadian real estate market right now but even as the market heats up, not all areas are putting sellers in control.
A new report from Shupilov Real Estate reveals that the Montreal market overall does favour sellers with a competitive buying atmosphere, rising prices, and tight inventory.
But there are also areas where buyers have more power and homes are not unaffordable for first-time buyers.
Using Centris database data and comparing the sales-to-new-listings-ratio (SNLR) with median prices, the analysis ranks Montreal neighbourhoods in the last quarter of 2018.
For single-family homes, 16 markets were shown to be seller’s markets, 2 were balanced, and 7 favoured buyers.
|
Neighborhood |
SNLR |
Median Price* |
|
|
Buyer's Markets |
Ville Marie |
13% |
$913,750 |
|
Ile Bizard |
28% |
$445,250 |
|
|
Lasalle |
30% |
$450,000 |
|
|
Balanced Markets |
Westmount |
41% |
$1,640,000 |
|
Ahuntsic |
46% |
$610,000 |
|
|
RDP/PAT |
48% |
$310,000 |
|
|
Anjou |
50% |
$382,500 |
|
|
Beaconsfield |
52% |
$673,600 |
|
|
Monteal Nord |
53% |
$300,000 |
|
|
Cote-St-Luc |
57% |
$620,000 |
|
|
Seller's Markets |
South West |
60% |
$576,000 |
|
Mercier / Hochelaga |
61% |
$359,900 |
|
|
Plateau |
63% |
$999,000 |
|
|
Saint Leonard |
64% |
$425,000 |
|
|
Pierrefonds-Roxboro |
68% |
$386,000 |
|
|
Mont Royal |
69% |
$1,350,000 |
|
|
Lachine |
72% |
$440,000 |
|
|
Rosemont |
73% |
$655,000 |
|
|
Outremont |
76% |
$1,500,000 |
|
|
Dollard-des-Ormeaux |
78% |
$475,000 |
|
|
Villeray / St Michel / Parc-Ex |
81% |
$428,500 |
|
|
Verdun/Ile-des-Soeurs |
82% |
$790,000 |
|
|
Saint Laurent |
84% |
$595,000 |
|
|
Kirkland |
86% |
$590,000 |
|
|
Cote-des-Neiges-NDG |
112% |
$750,000 |
|
|
Pointe Claire |
149% |
$454,000 |
|
For condos, sellers were in control of 12 markets, 7 were balanced, and 3 favoured buyers.
|
|
Neighborhood/Area |
SNLR |
Median Price* |
|
Buyer's Markets |
Rivière-des-Prairies/Pointe-aux-Trembles |
32% |
$176,250 |
|
Pointe Claire |
34% |
$358,500 |
|
|
Pierrefonds-Roxboro |
39% |
$237,500 |
|
|
Balanced Markets |
Ville Marie |
40% |
$391,500 |
|
Westmount |
40% |
$630,000 |
|
|
Saint Leonard |
48% |
$240,000 |
|
|
Cote-des-Neiges-NDG |
50% |
$366,000 |
|
|
Lasalle |
55% |
$284,500 |
|
|
Ahuntsic |
58% |
$245,000 |
|
|
Lachine |
59% |
$265,000 |
|
|
Seller's Markets |
Anjou |
61% |
$235,500 |
|
Outremont |
63% |
$525,000 |
|
|
Villeray / St Michel / Parc-Ex |
65% |
$309,900 |
|
|
South West |
69% |
$337,000 |
|
|
Mont Royal |
69% |
$389,000 |
|
|
Mercier / Hochelaga |
71% |
$244,000 |
|
|
Saint Laurent |
72% |
$311,000 |
|
|
Rosemont |
77% |
$345,000 |
|
|
Cote-St-Luc |
78% |
$355,000 |
|
|
Verdun |
86% |
$368,500 |
|
|
Dollard-des-Ormeaux |
93% |
$260,000 |
|
|
Plateau |
95% |
$410,000 |
|
